Tag Archives: AA News

The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history.Global Markets Continue To TumbleGlobal financial markets continue to suffer as the prices for the major indexes doesn’t seem to stop going down. Right off the bat, the S&P 500 is down 4.42% in yesterday’s trading...

Bitcoin’s correlations with gold and the traditional financial markets have been challenged in the past several days. However, some members of the community believe that it needs to separate itself entirely to continue growing.Bitcoin Compared To Gold And StocksThe largest cryptocurrency has a compelling history when compared to other assets. For instance, it has a few examples of negative correlations with the traditional stock market. During the most intense days of the U.S. – China Trade...

The popular cryptocurrency exchange, Bitfinex, has gone under sudden unscheduled maintenance. As the price of Bitcoin continues to struggle at around $8,700, the exchange suspects that it might be undergoing a DDoS attack.Bitfinex Goes DownBitfinex is arguably one of the most popular cryptocurrency exchanges. According to an official release on their website, as well as an announcement on their Twitter page, the exchange is currently “under maintenance.”We are investigating what seems like a...

The Securities and Exchange Commission has charged Steven Seagal for unlawfully participating in an initial coin offering (ICO). The popular Hollywood actor has ultimately agreed to pay over $350,000 for violating the anti-touting law.SEC Fines SeagalThe ICO bubble of 2017 and 2018 raised concerns among some world regulators, including the SEC. The U.S. watchdog warned back then that tokens sold as initial coin offerings (ICOs) may be securities. Ever since then, the Commission has been...

As of today, Thursday, February 27th, 2020, Bitstamp has just announced that they’ve upgraded to full native SegWit support on their exchange. This means Bitstamp users will now be able to create wallet addresses for depositing cryptocurrency by using the new Bech32 address format.Although owning Bitcoin can be exciting, sending and receiving cryptocurrency tends to be a bit more complicated. That’s because of the fact that users must carefully keep track of their wallet addresses, and...

After revealing it had become insolvent and unable to pay its customers an estimated 13,000 BTC (approximately $115 million at current market price), FCoin exchange has officially announced that they are preparing to restart their operations while promising to make refunds to affected users.  FCoin To Compensate UsersAs per the announcement on the exchange’s support website today, the company’s existing team will make efforts to resume the operation of both the FCoin and FMex websites as soon...

Ripple has recently partnered up with a European online remittance service company, Azimo. The former will leverage Ripple’s On-Demand Liquidity (ODL) for remittance payments in the Philippines and plans to expand the services in other countries, as well. At the same time, the company’s legal battle against Bradley Sostack will continue.Ripple Goes To Business With AzimoYesterday, Ripple announced its newest partnership with the U.K.-based digital money transfer service company. As of now,...

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

Virgin Galactic chairman and founder of investment company Social Capital, Chamath Palihapitiya, opposed Warren Buffett’s negative views on Bitcoin. Moreover, he noted that everyone should allocate a portion of their investment portfolio in the largest digital asset.1% In BitcoinPalihapitiya, who is also an early investor in Facebook, recently appeared in CNBC’s Squawk Box. While speaking about the coronavirus’s effect on the traditional markets, he also mentioned Bitcoin’s involvement in the...

The U.S. District Court in Seattle convicted a former Microsoft employee of 18 federal felonies. Ultimately stealing over $10 million in less than two years, the perpetrator used a bitcoin “mixing” service in an attempt to hide his actions.18 Federal OffensesVolodymyr Kvashuk is a Ukrainian citizen who worked full-time for Microsoft as a software engineer from August 2016 until June 2018. Before he was eventually fired, he was responsible for testing Microsoft’s online retail sales program....