Tag Archives: AA News

Interest rates across the globe are going to zero, and it’s bullish for Bitcoin, according to Morgan Creek Capital Management Founder and CEO, Mark Yusko. He also noted that the recent price drop should not bother investors, and they should focus on purchasing more.Zero Interest Rates Good For BitcoinYusko recently spoke in a CNBC interview regarding the cryptocurrency market, and Bitcoin in particular. He strongly believes the largest digital asset will continue increasing its value in...

Following Bitcoin’s relative stability around the $10,200 price mark, the cryptocurrency had suddenly crashed to $9,200 in a matter of just 50 minutes. This sudden crash comes a day after Bitcoin was making an impressive increase of $700, ranging from $9600 to almost $10,300.Today, shortly before 22:00 UTC, Bitcoin had lost almost $1,000 of its value in a matter of 50 minutes. The primary cryptocurrency had flash-crashed to a current low of $9264 on BitMEX, before partly recovering to where...

Tether, the company behind the most widely-used stablecoin, has minted over $60 million worth of USDT. It’s interesting to see if this will have any positive impact on Bitcoin’s price, given the fact that the infusion comes right after BTC surged upwards of $700 in 24 hours.60,000,000 New USDT MintedEarlier today, the popular monitoring resource Whale Alert published the transaction. It states that 60 million new USDT were minted on the Ethereum blockchain. All of the new coins have been sent...

Today, a news report from Reuters has mentioned, once again, that the blockchain industry continues to develop at an unprecedented speed, and that regulators need to get themselves caught up to speed, or risk behind left behind in the dust.In fact, the report suggests that many of the world’s Central Banks are becoming increasingly worried that the ongoing development of cryptocurrencies and digital assets is threatening the very balance of the current global financial system.Their belief is...

Leading cryptocurrency exchange, Binance has suspended almost all of its services, including trading, withdrawal, and deposits, to conduct unscheduled system maintenance, according to an official announcement from the exchange. The message on Binance, as of writing these linesBinance Futures Not AffectedAs per the notice, the services that have been paused are “deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts,...

The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience.Coinbase Becomes Visa Principal MemberAccording to an official release, the San Francisco-based cryptocurrency exchange has managed to get approval for becoming a Visa principal member.Supposedly, Coinbase is the first company in the...

The Irish High Court ordered an alleged drug dealer to forfeit $56 million worth of Bitcoin to the Criminal Assets Bureau (CAB). The decision came after the Court ruled that Clifton Collins purchased the digital asset with his drug profits.Over 5,500 BTC ForfeitedA local news outlet reported earlier today that Clifton Collins from Dublin was involved in the sale and supply of drugs. Charged under the Proceeds of Crime legislation, Collins should forfeit all his proceeds of crime assets.They...

The past several days have been somewhat turbulent in the cryptocurrency space. Bitcoin, for instance, plunged to $9,400 on Monday, traded around $9,600 yesterday, and gained about $700 in the past 24 hours alone, before settling at $10,150 where it currently stands.BTCUSD 1h. Source: TradingViewOn its way down, the significant support level of $9,400 stopped BTC. If Bitcoin is to fall again, $9,770 should be the first considerable obstacle now.Alternatively, the $10,400-$10,500 resistance...

The space of Decentralized Finance (DeFi) took a serious hit in the past week as decentralized lending protocol went through two subsequent attacks. The compromised funds amount to a little less than $1 million.The First Attack On bZx – February 14thThe first attack happened on block 9484588, timestamped February 15th, according to the official report from bZx. Per the document, the attack was launched on Valentine’s day on February 14th during ETHDenver. At that time, bZx’s team has been out...

As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008.Amongst dozens of other financial recommendations, the formal proposal also included the mention of creating a “clear regulatory framework for cryptocurrencies.” According to Bloomberg, “Cryptocurrencies...