Tag Archives: AA News

As the cryptocurrency market goes through one of its most vicious and swift crisis, Bakkt, the Bitcoin futures contract exchange, continues to invest in infrastructure. The company completed another financial round, gathering $300 million in investments from Microsoft’s M12, Goldfinch Partners, the Intercontinental Exchange, and so forth.Bakkt Completes $300M Series BIn an official post from today, March 16th, Bakkt’s CEO Mike Blandina, revealed that the Bitcoin futures trading exchange...

Samuel Reed, BitMEX CTO, shared some information on the recent controversy that led to high levels of liquidated assets on the exchange platform. He noted that the technical issues BitMEX experienced were connected to an on-going botnet attack.March 13th: Botnet Attack On BitMEXLast week, Bitcoin went through a severe plunge that brought the price down to as low as $3,700 on BitMEX. The sharp decrease led to lots of trading volume and, inevitably, significant levels of liquidations on the...

The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500.Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made a total injection of $700 billion in treasuries and mortgage-back securities, Bitcoin jumped to almost $6,000. The bullish move, however, was...

The Federal Reserve made an unexpected announcement at 5 PM U.S. Time Sunday afternoon. Along with another $700 billion immediate injections – $500 billion in treasuries and $200 billion in mortgage-back securities, the Fed is cutting the rate to zero.Donald Trump fires all the guns he has at an early stage of the coronavirus battle: Following the past week’s cut of 0.5% just a week ago, the Fed had announced shortly before the Futures on Wall Street open, on an another aggressive rate cut to...

The recent mystery surrounding the incredible $80,000 worth of Ethereum transaction fee has been resolved. Instead of a complicated money laundering scheme compiled by a South Korean exchange, it actually turned out to be a human-mistake made by one of the employees.656 ETH Paid for Syntethics Network (SNX) TransactionA few days ago, a suspicious Syntethics Network Token (SNX) transaction worth $0.00000001 had been sent on the Ethereum blockchain. The value of the token practically equals $0,...

Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus.Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners.The following article will try to examine what led to the massive sell-off and will end in a little hope that Bitcoin might not have said its final word yet...

Despite the recent days of despair in the crypto community because of Bitcoin’s massive plunge, Tyler Winklevoss stays optimistic. The Winklevoss twin believes that Bitcoin’s significance will outperform the current negative sentiment, and it will “emerge stronger than ever.”Winklevoss Still Believes In BitcoinThe coronavirus hit the cryptocurrency market, and in less than a month, the Bitcoin price dropped from over $10,000 to $3,600 on some exchanges. Even though BTC has recovered slightly...

Volatility in the cryptocurrency market is something somewhat expected. Aside from the price swing, however, the community’s opinions and predictions could change just as quickly.For instance, Bitcoin, and the rest of the cryptocurrency market, went through a severe nosedive a few days ago, which brought the price of the largest digital asset to as low as $3,600 on BitMEX. All of a sudden, most popular influencers switched their previous bullish views to a full-on bear mode.Change Of Heart...

On the same day that Wall Street took its hardest plunge since the 1987 Black Monday crash, Bitcoin’s price cratered from a touch under $8,000 per 1 bitcoin to the $3,700 handle within 24 hours. This is calling into question the entire thesis of Bitcoin as an uncorrelated asset.Here’s why it shouldn’t.Bitcoin Market Cap Is Too Small to CorrelateWhile Bitcoin has an impressive market cap for “fake Internet nerd money,” it is too small to possibly be correlated with markets.People don’t seem to...

It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there.Just seven days ago, BTC was trading at around $9,000, and its price has now dropped to slightly above $5,200. What is more, the price went down to as low as $3,600 before bouncing to where it trades...