Tag Archives: AA News

Bitcoin’s pre-programmed scarcity is one of its most impressive qualities. It’s the world’s first truly scarce digital object. The implications of that are considerable, to say the least. To put things in perspective, given the current population of the world, there is 1 Bitcoin for every 333 people out there.Digital ScarcityOne of the features Bitcoin is known within the community is the limited supply. The protocol is written in a way that won’t allow the creation of more than 21 million...

The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating.New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to 50% from current levels to remain profitable for miners.Bitcoin Hash Rate and Halving EffectBitcoin’s hash rate is a good indicator of the network’s health. The higher...

Coin staking is becoming very popular among cryptocurrency investors. One of the reasons for that is because it allows holders to earn passively. Amid stacking pools and wallets, more and more exchanges are jumping on the staking bandwagon as well.The increased interest was recently exemplified in a recent Binance Research report, showing that the total amount being staked exceeds $6.4 billion.What Is Staking?Essentially, staking requires the investor to “lock” a certain amount of coins that...

The cryptocurrency market shows no signs of slowing down so far in 2020. After charting one of the most impressive performances in January, Bitcoin continues its rally in the first week of February as well. In the past seven days, the cryptocurrency increased by about 5.5%, claiming essential resistance levels on the way up. Currently trading at around $9,800, all eyes are on the critical psychological barrier of $10,000. Bitcoin’s price was rangebound in the first few days of the week, and...

The Australian government is taking significant steps in adopting blockchain in its daily operations. Earlier today, the country released its “National Blockchain Roadmap” to improve the nation’s productivity in different sectors.Australia Published Blockchain RoadmapLess than a year ago, the federal executive Government of Australia (the Morrison Government), announced that it will develop a National Blockchain Roadmap. With a cost of 100,000 AUD, its idea was to utilize blockchain usage in...

Two of the largest multinational investment banks in the world, Goldman Sachs and Citigroup, recently conducted a successful transaction utilizing the blockchain technology. Both giants made the first of its kind equity swap, but 13 more are waiting to be fulfilled, as well.Equity Swap On BlockchainAs reported by Forbes, Citigroup and Goldman Sachs completed the successful transaction on January 28th. What makes this equity swap different is the utilized platform called Axcore blockchain,...

The world’s leading cryptocurrency exchange has just announced its intentions to launch the BNB/USDT perpetual contract. This will essentially enable users to short BNB. Up until now, they only had the option to trade BNB on the regular spot exchange.Short BNB With 50X LeverageIn what seems to be a very interesting move, Binance has just announced that it will launch another perpetual contract to its futures platform. This time, however, the cryptocurrency exchange is launching its native...

Singapore-based blockchain startup Clear just raised $13 million in a Series A round of venture funding. Multinational financial services giant Fidelity facilitated the fundraise. Specifically, its investment arm, Eight Roads (formerly Fidelity Ventures), led the round. It makes sense that Clear went with Fidelity to help it raise venture capital.“Eight Roads is the investment arm that looks at strategic areas for Fidelity,” Clear’s co-founder and executive chairman Eran Haggiag told...

According to a popular Decentralized Finance (DeFi) monitoring resource, the value that’s already locked in the space totals over $1 billion. Interestingly enough, almost 60% of the market is currently overtaken by the Maker project. The majority of the money is also locked in lending solutions.Value Locked In DeFi Upwards Of $1 BillionAccording to DeFiPulse, the value that is currently locked into DeFi-based solutions exceeds $1 billion. This goes on to show how far the space has come in...

SEC Commissioner Hester Peirce has publicly announced her proposal for a safe harbor for cryptocurrency token sales within the United States.Often referred to as “Crypto Mom”, Hester Peirce was first appointed to the U.S. Securities and Exchange Commission in early 2018 and has been a strong advocate for crypto ever since. And while this isn’t the first time that she has spoken up about creating a safe harbor for crypto, today’s announcement is the first formal attempt at creating the...