Tag Archives: AA News

Back in 2018, Craig Wright, Bitcoin’s SV powerful proponent, was sued by the estate of Dave Kleiman. He used to be Wright’s former business partner back in the early days of Bitcoin. The case alleges that Wright defrauded Kleiman’s rightful claim to 1.1 million bitcoins, currently worth upwards of $5 billion.CSW Has To Pay $165,000 In Legal FeesWhile the case against the self-proclaimed Satoshi Nakamoto continues, Wright has been ordered to pay legal fees totaling $165,000 according to a...

In a time of economic uncertainty, Brian Brooks, the Chief Legal Officer of Coinbase, has publicly stepped down from the company and is now moving on to serve the U.S. government as the Chief Operating Officer and First Deputy Comptroller of the OCC.According to the Office of the Comptroller of the Currency (OCC), Brooks’ new position will become effective as of April 1st, 2020. The designation was made by the OCC’s current Secretary of the Treasury, Steven T. Mnuchin, stating that Brooks,...

The novel coronavirus took the world by a storm. Starting in China, the virus has now spread throughout the globe, with thousands of cases being reported in Europe, Asia, and even the US.This brought a catastrophe on the traditional financial and stock markets, as major global indexes crashed in a way that was more vicious and quicker than the recession of 2008.Cryptocurrencies, unfortunately, weren’t left out, and they were no exception. In less than a month, the market lost half of its...

While the US stock market saw its steepest one-day sell-off since Black Monday in 1987, Bitcoin saw its steepest one-day sell-off in its ten-year history, just a few days before.But don’t worry, that was institutional money running from everything Thursday. Of course, it ran from the risky cryptocurrency industry. Don’t forget that institutional investors getting into Bitcoin was a massive driver of its price growth over 2019. So Bitcoin just lost a bunch of people who don’t believe in it–...

Last week’s massive Bitcoin sell-off that drove its price to below $4,000 came from short-term holders, new data shows. Long-term holders, on the other hand, are not moving or selling their BTC assets, at least for now.New Players Sold Their BTCMarch 12th-13th this year later became known as one of the worst trading days in the cryptocurrency market. Bitcoin, and most alternative coins, decreased by as much as 50% in less than 24 hours after extensive sell-offs.According to a report compiled...

Despite the crashing markets, companies are working hard to boost the further adoption of Bitcoin and cryptocurrencies. In two separate announcements, Coinbase and the popular internet browser Opera revealed that they’ve made serious strides in this regard.Coinbase Card Usable With Google PayThe leading cryptocurrency exchange in the US, Coinbase, allows its users to get a cryptocurrency card through a partnership with Visa. Now, the card has enabled users to spend Bitcoin and other...

The leading cryptocurrency exchange by volume, Binance, and India’s own exchange WazirX, are setting up a blockchain fund in the Asian country for $50 million. Dubbed “Blockchain for India,” the fund’s mission is to invest in blockchain startups focused on solving industrial and social problems.Blockchain For India $50MLast year, Binance acquired several companies based in other countries to expand its reach even further. One of them was the Indian-based cryptocurrency exchange – WazirX....

Popular U.S. economist and proponent of gold, Peter Schiff, recently explained why the precious metal is plunging in the past few weeks. He believes that investors are to blame due to their lack of awareness of what is to come. Once they realize it, though, gold will surge once again.Schiff Blames Investors For Gold’s Price PerformanceThe COVID-19 (coronavirus) started an adverse snowball effect on most financial markets. Riskier assets such as equities and cryptocurrencies have been...

The world economy is in a state of emergency. Stocks are plunging continuously as investors are timid of the spreading novel coronavirus. While China appears to have managed to handle the situation and reports close to zero cases on a daily basis, countries from the European Union and the US see exponential increases.In yet another attempt to provide a helping hand to the markets, the US announced a second rate cut, bringing down interests to a near-zero. Additionally, the Fed will be buying...

One of the tenets of the cryptocurrency and blockchain industry is privacy and freedom. And now, privacy is at risk again. This time it’s thanks to the highly contagious Coronavirus that has shaken both the global stock market and crypto markets.  As the global pandemic continues to spread at a very high rate, governments of each country are taking drastic measures to fight the virus to prevent further spreads. One such move is to spy on the civilian population by tracking their movement...