Tag Archives: AA News

Bitcoin’s price has been on a wild ride this week. So far, January definitely doesn’t disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it’s currently recovering.At the time of this writing, Bitcoin’s price stands above $8,000 but it’s interesting to see where it will go from here. On another note, this week was particularly...

While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough.No CBDC in AustraliaThe Reserve Bank of Australia (RBA) has been exploring the potential need of a “digital Australian dollar,” but it has concluded that there’s currently no need for...

The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances.Smart Contracts Admissible In CourtOne of the biggest challenges in front of regulators when it comes to crafting legislation for the cryptocurrency field is definitions. The SEC, for instance, has been struggling for quite some time before stating that...

China’s central bank is reportedly preparing a new set of stricter rules that will affect public privacy and personal information. The update will make nine significant changes regarding leasing services and other types of financial transactions, and the community has quickly brought up Bitcoin and its potential to be used freely in similar situations.China Implements Strict Financial RulesLocal news outlet recently shared the updated version of the Chinese central bank’s personal credit...

Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many different things.Bitcoin Is Not My Safe Word: Musk SaysElon Musk is the founder of PayPal, one of the world’s largest payment processors. He’s also the founder and CEO at...

When it comes to the massive adoption of cryptocurrencies and blockchain-based technology, decentralized applications (DApps) are considered as one of the pathways to it. According to a recent report, 2019 has seen a serious number of new DApps coming out. More interestingly, though, TRON has managed to establish itself as the second most-used platform for developers, overtaking EOS. Yet, Ethereum remains the uncontested leader in the category.TRON Overtakes EOS For Active DAppsA recent...

Ripple is looking to expand its presence in Asia, forming a new partnership with Siam Commercial Bank. The latter will reportedly develop a new type of mobile application for faster and cheaper cross-border payments, which will run on Ripple.Ripple Partners With SCBRipple recently announced its newest partnership with Thailand’s oldest bank – Sian Commercial Bank (SCB). According to it, the latter will create an application running on Ripple, dubbed SCB Easy, which will be used for low-cost...

The European Central Bank is considering the launch of its own CBDC, according to the bank’s President – Christine Lagarde. She indicates in a recent interview that they need to adjust to this changing world and that the bank will not interfere with any private companies in coming up with a similar digital form of payment.ECB’s Plans For Its Own CBDCThe President of the European Central Bank, Christine Lagarde, recently had an interview where she spoke about numerous financial topics,...

Kelly Loeffler, the former CEO of Bakkt, has recently taken a seat in the U.S. Senate for the state of Georgia. Reports have it, though, that she is also assigned to serve on the Senate Agriculture Committee with the CFTC. Given that her husband is the CEO of the Intercontinental Exchange (ICE), this could raise concerns about a potential conflict of interest.Bakkt’s Former CEO Sits In A CFTC CommitteeKelly Loeffler quickly became one of the most influential people within the cryptocurrency...

News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there any correlation?Iran Versus the U.S.Last week, the President of the United States ordered an airstrike at Baghdad’s airport, which killed the head of the Iranian...