Tag Archives: AA News

So far, 2019 has been an excellent year for crypto enthusiasts. The collective crypto market cap increased by more than $120 billion, blockchain technology continues to proliferate, and Facebook’s plans for a digital currency bolstered the sector.This enthusiasm expresses itself in many ways, but it often comes together at the industry’s conferences, which bring together its many constituents. From developers and dreamers to financiers and fanatics, cryptocurrency and blockchain conferences...

The last several days have been nothing but eventful for the cryptocurrency community. A few days ago, Chinese President, Xi Jinping, said that the country should be adopting more blockchain to be used for technology innovations. The aftermath of that announcement appears to be spiking the interest towards the whole cryptocurrency and blockchain industry, especially within China. Shortly after, all cryptocurrencies experienced a drastic double-digit price increase.WeChat, a Chinese...

There’s never a dull moment in crypto, as Bitcoin has once again shown that it is highly volatile. The leading coin, whose price has consolidated in the $8,000 region since late September and traded as low as $7,300 within the last three days, has made a bullish reversal, racing as high as $10,350 on Bitstamp in just one day.This came as a surprise to many, as some analysts had predicted a Bitcoin Death Cross, which was thought to portend a dip to $6,000 before a possible bull turn, but as...

The volatility in the cryptocurrency market has always been talked about. This week proved it once again with significant price actions. The price plunged several days ago to its lowest levels since May 2019, and just in the last 24 hours – a missile lunch, a skyrocket, there are no more words: Bitcoin sees over 40% daily increase (!).Just up until a week ago, Bitcoin price appeared to be ‘boring’ with only a few moves in each direction, trading for almost a month around the $8,000 region....

Just when market sentiment was starting to feel bearish, Bitcoin did the exact opposite of what a lot of people seemed to expect. The cryptocurrency’s price skyrocketed, gaining more than $1,000 in mere minutes. Naturally, the majority of the market followed.Bitcoin Surges More Than $1,000The last few days were fairly depressing for Bitcoin’s price, as the cryptocurrency lost significant value in a few sudden drops. However, it quickly made up for those losses today.Bitcoin surged more than...

During the 18th collective study of the Political Bureau of the Central Committee, China’s President Xi Jinping made an announcement that the country should be increasing the usage of blockchain. This comes just a few days after the CEO of Facebook, Mark Zuckerberg, said, in front of the U.S. Congress, that if the United States doesn’t adopt blockchain, they risk falling behind countries such as China.China To Invest More In BlockchainThe 18th collective study of the Political Bureau of the...

Binance has just completed its most recent Initial Exchange Offering (IEO) called Kava. The event brought a return of around 180% which is a shadow of what IEOs used to generate in the not so distant past. It also highlights the fact that if Binance is to keep these exchange offerings live, it needs to keep selecting quality projects in order to retain the interest of the investors and to make sure they won’t incur losses.The KAVA IEO On Binance Launchpad: 180% ROIThe Binance Launchpad just...

The City of Johannesburg has experienced a cyber attack and they had to shut down all electronic services, including their website, for a period of 24 hours. Whereas the city has been through such attacks before, the hackers are demanding the ransom to be paid in Bitcoin.Johannesburg Under Cyber AttackThe announcement from the City of Johannesburg came late on Thursday night, informing in an official tweet that there has been a breach of its network. The statement reassured its citizens that...

After a few weeks of sideways action, Bitcoin experienced a severe price plunge yesterday, resulting in the lowest price since May this year. The trading volume picked up with the rising volatility. Binance Futures Exchange seemingly caught the tide, and the volume reached its all-time high.Binance Futures Volume ImprovingBack in September, Binance announced the acquisition of a futures exchange. Shortly after, the company launched Binance Futures, allowing traders to use a leverage of up to...

Following yesterday’s analysis, just a matter of hours, Bitcoin couldn’t hold, and the results were devastating.After trading sideways for almost a month, Bitcoin broke down the ‘neckline’ of the Head and Shoulders pattern that was identified here yesterday, followed by a huge red candle of more than $600. As of writing this, the low of the past 24 hours lies at $7300 (BitStamp). Bitcoin had lost $10,000,000,000 from its market cap since yesterday.Technical analysis is, for sure, not science....