Tag Archives: AA News

The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government.On the other hand, Bitcoin spiked to over $9,600 when the Asian markets opened, noting once again a negative correlation with the traditional markets. However, the primary...

The creation of a Bitcoin Emoji on Twitter today has increased the largest cryptocurrency’s social media awareness. The social media’s CEO, Jack Dorsey, and other influential community members are also sharing the “#Bitcoin” trend that has ultimately transcended the online space.Bitcoin Emoji Inspires Bitcoin HashtagEarlier today, the popular social media platform, Twitter, introduced a new Bitcoin emoji. Naturally, the whole cryptocurrency community reacted with overexcitement by sharing the...

Bitcoin is yet too volatile to threaten the existence of cash, and the latter will survive, states a new report conducted by Deutsche bank. Moreover, the report claims that digital assets will help with rebalancing the global economic power.Deutsche Bank had seen better years than in 2019. The German bank had to layoff 18,000 of its employees during recent July as a part of a longer-term reduction plan to cut its workforce to 74,000 by 2022.As of writing these lines, the bank’s market cap is...

At its first policy meeting of 2020, the Federal Reserve didn’t change much. As expected, the Federal Open Market Committee decided not to raise interest rates. The Fed will keep repo operations in overnight money markets going until April.But Fed Chair Jerome Powell did walk somewhat of a tightrope trying to explain what the Fed is doing. The U.S. central bank has expanded its balance sheet by $390 billion since September. But one cryptocurrency has done the opposite.Many market watchers...

One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today.On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years, to 6.25 BTC per block. It will also reduce Bitcoin’s pre-set inflation rate from the current 3.68% to about 1.8%.Even though the date of the Bitcoin Halving could range depending on the network’s hash...

As the impact of blockchain and cryptocurrencies continues to increase throughout the world, so do blockchain conferences. These are events where one can meet and befriend like-minded people and establish fruitful connections and networking.As the new year recently began and the blockchain industry is already leaving marks, the following are among the most notable conferences that will occur in 2020.The year 2020 is expected to be a fantastic year for Bitcoin precisely due to the halving...

The legendary investor Warren Buffett and his firm Berkshire Hathaway knew about Google way ago. They had direct information early on about how lucrative its business would be but decided to pass on investing in the Internet search giant.Buffett says he’s really regretting that decision now. Google has become one of the very few $1 trillion dollar market cap U.S. companies. You could count them all on one hand.An investment of $500 million in 2013 would have grown in value to nearly $2.5...

Cold storage hardware wallets are considered to be the most secure way to hold Bitcoin and other cryptocurrencies. The main reason for that is because the private key is never exposed to the internet, unlike hot wallets.Trezor is believed to be the most popular hardware wallet, together with Ledger. During last October of 2019, Kraken Security Labs had announced that they had found a critical weakness in a few of Trezor’s cryptocurrency hardware wallet devices, namely the Trezor One and...

For many Bitcoin investors, hodling is the best long term strategy to avoid selling at a loss, especially during a rapid slump in price. However, a price surge with hodlers refusing to let go of their positions even when they are in profits means there is a huge positive sentiment among investors.Data from Glassnode, a cryptocurrency analytics firm, reveals that the number of Bitcoin on-chain deposits to exchange is decreasing as there are now fewer incentives to make investors sell.In last...

Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert.Furthermore, he expressed his hopes once again that the United States can lead the race for both digital assets and blockchain adoption. This aligns with Bakkt plans, as CryptoPotato reported this week.Ethereum Futures Coming Soon?Bitcoin has dominated the cryptocurrency Futures market, but Ethereum might soon have its own similar product, according to Tarbert. The...