Tag Archives: AA News

Central banks have been contemplating the idea of creating their own cryptocurrencies for a while now. China has been one of the first countries to express its intentions in this regard. The country’s CCIEE chair even stated that they will be the first to launch its central bank digital currency (CBDC). A former deputy governor of the People’s Bank of China (PBoC), however, said that they should slow it down.China Should Slow Down With Its CryptocurrencyTalks of China issuing its central bank...

The CEO of one of America’s biggest banks hasn’t had anything nice to say about Bitcoin in the past. Back in 2017, JP Morgan Chase chief Jamie Dimon called Bitcoin a straight-up “fraud,” and a bubble that “won’t end well.” But now, during a CNBC interview at the World Economic Forum in Davos, Dimon says the growing U.S. national debt is the only financial bubble he sees.To be fair to Jamie, Bitcoin and the entire cryptocurrency industry were at the height of the most parabolic bubble in...

New information indicates that Bitcoin Gold experienced a 51% attack last week. A total amount of over $70,000 was double-spent, which raises questions regarding its security since this is the second similar attack on the network.51% Attack On Bitcoin GoldA 51% attack occurs when a single organization or entity takes control of the majority of a particular network’s hash rate. Once its executed, the perpetrators have control over the transactions to modify the ordering, prevent them from...

An interesting graphic compiled by Deutsche Bank compares the early-stage evolution of the Internet and blockchain technology. It shows that the two have relatively similar difficult beginnings, but ultimately the former receives more mass adoption than the latter.Internet Vs. Blockchain Adoption RatesNowadays, it’s hard to imagine living a normal life without constant access to the world wide web. The Internet was one of the most disruptive and ingenious creations of the 20th...

The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018.More Cryptocurrency Hacks In 2019The report informs that hackers attempted the most amount of attacks against cryptocurrency exchanges last year. Eleven such efforts were made in 2019, while for comparison, there were only six in 2018. As per...

The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins.Global Consortium For Digital Currency GovernanceThe World Economic Forum for 2020 took place at Davos the past week, and cryptocurrencies received a lot of attention. Yesterday, during its last day, the Forum...

Even though Peter Schiff’s lost bitcoins saga has been resolved, for now, it continues to attract the attention of the cryptocurrency community.The CEO of Binance, Changpeng Zhao (CZ), recently noted that Schiff helps Bitcoin as his negativism will push people to do the opposite of what Schiff trying to express.CZ On Schiff’s Lost Bitcoin DramaSchiff’s recent issues with his lost bitcoins became viral in social media, where the cryptocurrency community reacted quickly by implying that his...

Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative.Simply put, having negative rates means that instead of receiving interest income on cash deposits, the banking institutions charge a fee for storing the money. The general idea is to incentivize banks to lend more funds freely,...

Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that the world’s largest cryptocurrency managed to defend the critical support levels at around $8,200 and $8,300 and bounced back from there. As such, it appears...

One of the most successful and popular entrepreneurs, Elon Musk, recently spoke about Bitcoin and the general idea of cryptocurrencies. Appearing on a podcast, he said that digital assets will not replace cash fully, but they have a role to play.Bitcoin Won’t Replace Money: MuskElon Musk is widely known for his business endeavors as the CEO of Tesla and SpaceX. Previously, he was the founder of PayPal, one of the most used online payment service companies.Recently appearing in a podcast, he...