Tag Archives: AA News

Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins.Finland’s Seized BitcoinsBack in 2016, police raids in Finland were a common sight. The notorious black market, the Silk Road, was operating in full force, and some deals were transmitted in Bitcoin. Thus, as Finnish authorities made several successful arrests, they managed...

The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week.Major Indexes Chart Serious LossesOver the course of just a few days, major global indexes have charted losses that are troublesome, to say the least.Starting off with the S&P 500, it lost 3% yesterday alone and is down 7% in the past...

Global markets crashed and burned Monday as risks from coronavirus, and other uncertainties fueled panic. The Dow Jones Industrial Average cratered over a 1,000 points for a 3.56% loss. The S&P 500 Index closed 111 points down, losing 3.35%.The NASDAQ Composite fared worst, with a 355 point decline, or 3.71% of its market capitalization at the start of the day. Further, oil prices tumbled, with Brent crude down 4.1% and U.S. crude futures down 4%. As of press time, the above US indexes...

China has delayed its research on launching a government-backed Digital Currency Electronic Payment (DCEP), in Q1 2020, as the country continues to battle the increased coronavirus outbreak. This does not mean that China will not launch the sovereign digital currency this year, Global Times reported Tuesday.  China to Launch a Cryptocurrency in 2020Before efforts were shifted to the Coronavirus, the People’s Bank of China (PBoC) and other relevant bodies involved in the project, were...

Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months.Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023.Bitcoin At $250,000Draper has been quite optimistic regarding the future of the largest digital asset previously as well. Yesterday, in an interview for CNBC’s “Squawk Alley,” he reaffirmed his previous bold prediction for the...

Boerse Stuttgart is the second-largest exchange in Germany. According to an official release, the venue has launched an unprecedented product in the cryptocurrency industry. The new tracker has a product value that represents the inverse performance of Bitcoin.Short Bitcoin (BTC) ETP On Boerse StuttgartBoerse Stuttgart continues to expand its products associated with different cryptocurrencies. Per a recent release, the venue is taking a step forward, listing a new, supposedly unprecedented...

The U.S. state of Wyoming is leading the way in blockchain and cryptocurrency adoption in the country with a new cryptocurrency-native bank. A former Wall Street veteran, Caitlin Long, announced the Avanti Bank, saying that it will be active in early 2021.The First U.S. Crypto-Friendly BankLong, who previously helped the state of Wyoming to implement 13 blockchain laws, made the announcement yesterday. In a series of tweets, she introduced the Avanti Bank – “a new U.S. bank to serve [the]...

Tyler Winklevoss, Co-Founder, and CEO of Gemini regretted spending over 300 BTC in 2014 for a ticket to space. With Bitcoin’s price at $800 at the time, the ticket was worth around $250,000 from Sir Richard Branson’s Virgin Galactic.As the price of the largest cryptocurrency has surged since then, Winklevoss referred to his move “a Bitcoin pizza moment.”The Most Expensive Ticket To SpaceVirgin Galactic is a company specializing in commercial spaceflights within the Virgin Group, founded by...

Since it’s inception back in 2009, cryptocurrencies like Bitcoin have always been an extremely controversial topic. In fact, ever since crypto first hit the scene, there have been countless industry observers who have been unsure about the industry and they’ve been raising questions about the overall legitimacy of digital currencies and whether or not they have any real value.Today, in an interview with CNBC, Warren Buffett took a major jab at Bitcoin by stating that it doesn’t really have...

Justin Sun, the founder and CEO of TRON blockchain, told CNN’s Julia Chatterley during a new interview that he is a long term believer in cryptocurrencies. He said he is very bullish on Bitcoin and also holds significant investments in other digital assets, including Ethereum (ETH) and Ripple (XRP). Justin Sun Doesn’t Hold FiatsWhile many would easily think that Justin Sun is only interested in TRX, the native token of the TRON network, he revealed that he has been holding a diversified...