Tag Archives: AA News

December 2019 is already here, and it came in kicking. November’s volatility doesn’t seem to end, as, in the past seven days alone, Bitcoin went through a couple of significant swings. The world’s largest cryptocurrency reached a high of around $7,800 in the past week, only to decrease to as low as $7,150 and recover a few days later to where it’s currently trading at around $7,460.On another note, Bitcoin’s network has demonstrated its enhanced capabilities as it processed over $8.9 billion...

The General Manager of the Bank of International Settlements (BIS), Agustin Carstens, has urged for central banks to embrace digital money. He added that the financial world is going through a revolution at the moment, and banks, being trustworthy establishments, should be in control.The Digital Money RevolutionThe head of BIS, Agustin Carstens, appears to be taking a new stand regarding digital money: He said in a recent speech that central banks need to take control over digital assets so...

Leading cryptocurrency exchange, Binance is in the news again, and this time, the exchange is reportedly in talks with representatives of Vaduz Privatbank Union, also known as Union Bank AG (UBAG) to acquire a stake at the Lichtenstein-based financial institution which is at the verge of liquidation.Recent reports from InsideParadePlatz local news media reveal that the Liechtenstein Financial Supervisory Authority has ordered the bank with tough deadlines for its shareholders to “meet certain...

Millennials believe in Bitcoin for the long term, as per a recent report from Charles Schwab. According to the report, the Grayscale Bitcoin Trust (GBTC) is the 5th most used investment instrument, even surpassing giants such as Berkshire Hathaway and Microsoft.Millennials, also known as Generation Y, were born between the early years of the 1980s to mid-years of the 1990s.Millennials Choose GBTCThe large brokerage firm, Charles Schwab, recently published a report regarding the investment...

Enjin Coin surged 60% today after a successful partnership announcement with Microsoft.ENJ broke above the 1000 SAT level and looks to continue.Enjin is now ranked as the 72nd top cryptocurrency with a market cap of $50 million.Enjin Partners Up With MicrosoftMicrosoft and Enjin have teamed up to create Azure Heroes – a project that rewards contributors to the community for posting content, creating demos, building sample code, and blogging about Azure.Creators are nominated and receive a...

While many continue to focus on Bitcoin’s price, its network has set a new record in its hourly USD transaction volume, recent data reveals. For the first time in history, the network processed a total of $8.9 billion in on-chain transactions in a single hour on Dec 4th, a sign of a significant improvement of the blockchain.In the last two years, Bitcoin’s daily transaction volumes have seen massive growth, increasing from a mere $200 million in 2017 to more than five times the number at the...

The largest cryptocurrency, Bitcoin, went through a sudden flash crash on the world’s most popular platform, Binance. The price lost a tremendous chunk of its value, going down to as low as $680 in an instant. It happened with the BTC/USDS trading pair, and it allowed those who had placed low orders to have them filled during the recovery, which came just as quickly.Bitcoin At $680 In A Flash CrashVolatility in the cryptocurrency market is not something unexpected. Just on the contrary – it’s...

The popular cryptocurrency exchange, Poloniex, has recently decided to delist DigiByte. The news broke just hours after the founder of DigiByte publicly criticized the exchange and the cryptocurrency company that allegedly operates it – Tron.Poloniex Delists DigiByteAccording to an official announcement from cryptocurrency exchange Poloniex, DigiByte will be removed from its platform soon. Interestingly enough, the delisting comes “after a careful review,” and DigiByte “is not qualified for...

Early Wednesday morning, 43,564 BTC – worth more than $313 million at current prices – was withdrawn from Bittrex to an unknown wallet. To put that in perspective, it’s almost as much as the daily trading volume of Bitfinex and Coinbase combined.$313 Million Sent only for $1: Try That With FiatWhat is remarkable about this particular transaction – aside from the size – is that the fee to transfer that much Bitcoin was only $1. You can’t even buy a cup of decent coffee for $1 anymore, let...

Bitcoin smart contracting platform RSK has announced details of a Grants Program to encourage decentralized application (dApp) development. A fund of $200,000 will be made available, with developers invited to submit their ideas for consideration.Big Ambitions, Major IncentivesThe first smart contract platform secured by the Bitcoin network, RSK, enables developers to import, create, and deploy EVM based dApps. The RSK team will be hoping the $200k carrot it has proffered will tempt intrepid...