Tag Archives: AA News

As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effects this global pandemic could have on the global financial system.In fact, the outbreak is shaping up to potentially cause one of the worst financial crashes of all time. With some even saying that the current pandemic will be just as bad as the Wall Street Crash of 1929, the Dotcom bubble of the early 2000s, and the Global Financial Crash of...

The last few days have been quite terrible as the cryptocurrency market shreds every single gain it has amassed since the start of the year. Bitcoin even slumped to as low as $3,700 for an hour for the first time in 12 months. The price crash left traders in dismay, with many scratching their heads and counting losses. Traders wonder what is behind the recent sell-off and the quick recovery, which was definitely abnormal, even for a volatile asset like Bitcoin. This was the worst daily drop...

Bitcoin’s violent 50% price drop from yesterday caused too much panic for little to no reason, said the famous whistleblower Edward Snowden. In fact, he is contemplating purchasing more of the largest cryptocurrency for the first time in a while.Snowden To Buy More Bitcoin?The cryptocurrency community experienced one of the worst trading days ever. The total market capitulated as some losses exceeded 50% in a day. Bitcoin, for instance, went from a daily high of $8,000 to as low as $3,700 on...

Fraudsters are profiting from the ignorance of people who are new to cryptocurrencies, especially in developing countries. These scammers know just how well to capitalize on the 2017 bull run as they promise investors huge returns within a short period.  According to local media in Nigeria, the country’s law enforcement agencies are seemingly helpless as large scale fraudulent cryptocurrency firms victimize millions of unsuspecting Nigerians. Escaping The Failing EconomyGreed may be a common...

This is not the Bitcoin halving the crypto industry was talking about in 2020. The Bitcoin price crashed on the worst day for equities markets in 33 years. The Dow Jones plummeted 9.99% during trading, the S&P 500 lost 9.51%, and the NASDAQ took a 9.43% dive.Even spot gold declined by some 4% Thursday, as the logic of Bitcoin’s detractors like Peter Schiff, gold is now positively correlated with stocks. However, Bitcoin was the biggest loser, with a massive run on the world’s first...

High volatility hit the cryptocurrency market with sharp declines from across the map. Bitcoin’s price dropped to a daily low of $5,600 in a matter of minutes. During this period, BitMEX had noted long liquidations worth almost $500 million in an hour.BitMEX Liquidation Chart Off The RoofBitcoin’s price recorded a massive dump from $7,350 to a low of $5,600 in just one hour. As a result, $484 million worth of open long positions got liquidated on the leading Bitcoin margin trading exchange,...

Until a few hours ago, Chainlink, the decentralized-oracle, had a market cap of over $1 billion as the 11th biggest cryptocurrency by market cap. Today the LINK token is among the worst-performing digital assets, following a massive price slump. Its situation got even worse on Binance, where it flash-crashed to a low of $0.01 (!) before quickly recovering.Chainlink (LINK) For $0.01The cryptocurrency market is going through one of its worst trading days in history. Most coins are noting...

As Bitcoin and the rest of the cryptocurrency market continues to struggle with the bears, a whale was seen moving his stash of BTC from multiple addresses after ten years of hodling. Has he hit his target and finally decided to let go? 1000 BTC Moved After 10 YearsAccording to on-chain data on Blockchain.com, 1000 Bitcoins were moved from 20 different addresses to a new address during the late hours of Tuesday night. The addresses were created in August, September, and October of 2010, with...

Bitcoin dipped to a low of $5,600 on BitMEX for a matter of minutes, while most cryptocurrencies note double-digit losses. The whole market is plummeting, as it recorded a loss of over $50 billion in only a few hours.Bitcoin Goes Below $6,000It’s safe to say that the largest cryptocurrency has seen better days. Bitcoin’s price just noted a severe plunge. Earlier today, BTC was knocking on the door of $8,000, but in a few violent red candles, it tumbled to $5,600 on the popular margin trading...

Binance Futures has added Bitcoin as an option to be used as cross collateral. Traders are now able to leverage their BTC held on the Exchange wallet to borrow Tether (USDT) on the Futures platform.Binance Futures Cross Collateral Options Grow With BitcoinThe Futures platform of the leading cryptocurrency exchange by trading volume, Binance, announced earlier today on adding a cross collateral function for Bitcoin, in addition to Tether (USDT). By this move, the Binance Futures platform...