Tag Archives: AA News

Decentralized Finance (DeFi) is among the fastest-growing trends that are based on blockchain. The well-known venture capital firm Andreessen Horowitz has recently invested $25 million in the popular DeFi project Compound, thus continuing its involvement in the field.$25 Million Raised For a DeFi ProjectAndreessen Horowitz invested $25 million in the fast-growing project in the field of decentralized finance, Compound Finance. The latter is based in San Francisco and uses blockchain and smart...

PayPal has recently stopped processing payments connected to the popular adult website, PornHub. The news wasn’t received well by numerous affected users. However, the company accepts cryptocurrencies, and famous crypto proponents seem to be pushing for further adoption.PornHub’s Payment Future Is With Crypto?PornHub announced today that PayPal cuts off payouts to “over a hundred thousand performers who rely on them for their livelihoods.”PayPal was one of the more commonly used payment...

In yet another example of China’s changing view of cryptocurrency, the People’s Liberation Army’s (PLA) media mouthpiece is calling for its soldiers to be rewarded with crypto to incentivize performance.A Tokenized Rewards and Demerits SystemA recent article in the military-run PLA Today suggested that some form of cryptocurrency could be used as part of a performance assessment rewards system that would gauge how well soldiers completed tasks, progressed in their training, and other...

The world is increasingly becoming a smaller place due to the evolution of technology. The internet and streaming allow for instantaneous communication, and people can virtually congregate to watch movies, sporting events, and even video game matches. However, the rise in technology and communication has led to a loss of privacy. Anonymous is seeking to protect the privacy of the individual in this digital age, and they’re putting their money where their mouth is. The group has announced the...

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity.The U.S. To Lead Blockchain InnovationsThe chairman of the CFTC attended a conference on Tuesday and spoke about the involvement of US officials in blockchain and digital assets, in general. According to him, the country should be more...

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low.Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800.As reported here yesterday, the $9,150 level that Bitcoin reached on Sunday and got rejected, was where the 4-hour MA-50 and the MA-100 met. Additionally, that’s...

Bitcoin’s mining difficulty represents a number which regulates the overall time that miners must include new blocks to the blockchain. Historically, however, there’s somewhat of a pattern that might show a specific correlation between difficulty adjustments and the performance of Bitcoin in terms of price, and we might be on the verge of another bull run.Next Bitcoin Difficulty Adjustment Coming On November 21stWhen it comes to Bitcoin’s mining difficulty, its value is updated on a biweekly...

Facebook has faced a maelstrom of criticism ever since it announced the Libra cryptocurrency. Lawmakers and bankers have been quite vocal in their negative views towards the developing stablecoin. However, it seems that Facebook is not waiting for Libra to launch a global payment platform as they have now introduced Facebook Pay.Cross-Platform PaymentsFacebook Pay is not a virtual currency. It is a payment system that uses credit cards, debit cards, and PayPal as options.Users can use...

We saw a busy week with events and attempts to influence the price. Bitcoin lost a key support level of $9,000 in a sudden move downwards which took its price to where it currently trades at around $8,700. However, the volatility continues and traders who’ve taken up leveraged positions might be in trouble as it’s quite difficult to keep up with the market.The month begins with a little enthusiasm and a quick correction which reminds us that the end of the year is approaching and there’s not...

The popular cryptocurrency commentator, John McAfee, has spoken his mind on the matter of the recently deceased Jeffrey Epstein. According to McAfee, the real evidence on his suicide is missing, and the case lacks any notable credibility, hinting that there might have been another reason.McAfee Raises Questions Over Epstein’s DeathJeffrey Epstein was somewhat a controversial figure. On one hand, he was a financier with lots of connections among politicians and celebrities, and on another – he...