Tag Archives: AA News

Yesterday the CEO of Facebook, Mark Zuckerberg appeared before Congress to answer questions, predominantly on Libra, their planned cryptocurrency. Congressman Brad Sherman took the opportunity to bash cryptocurrencies such as Bitcoin, saying that they could pose a threat to the US Dollar.Cryptocurrencies Could Be Harmful To The U.S. DollarDuring the hearing, Congressman Sherman was quick to address the challenges that cryptocurrencies such as Bitcoin could introduce to traditional fiat...

Bitcoin just lost another chunk of its value in a crushing red candle. Plunging to as low as $7,450, the largest cryptocurrency shed around 8% in less than an hour. This is the lowest level at which Bitcoin has traded since May of this year. The entire market was dragged down, as all major altcoins are also trading in the red.Bitcoin Plunges $600 in MinutesAs CryptoPotato reported earlier today, Bitcoin failed to gain momentum and struggled at key resistance levels above $8,000. As such, it...

Facebook announced in June this year its plans to launch a cryptocurrency dubbed Libra. However, the company has seen a prominent backlash of media and regulatory attention ever since, grilling the project across a variety of essential parameters. With this in mind, let’s explore at least five reasons for which Libra may not launch – something that has been seen as entirely positive within the cryptocurrency community.Regulatory PressureIt didn’t take long before Facebook’s future...

Bitcoin continues to lose ground, and the price has remained in the range into which it fell at the end of September when the last sharp correction occurred. It didn’t scare the market away, and money has continued to flow into altcoins which are starting to see a change in the trend. The altcoin market is showing positive signs, but we still don’t expect an “altcoin season” anytime soon.This week, the 18 millionth bitcoin was mined, and the halving is just around the corner. It will be...

A potential global financial crisis has certainly been a hot topic for a while now. Predictions have been made by many businesses, and another one recently came from the McKinsey & Co. consultancy. The company reported that most of the world’s banks are not prepared to survive a potential downturn.Banks Are Not Ready?McKinsey’s annual review of the financial industry says that we have entered the late phase of an economic cycle.A significant decrease is experienced in the growth volume...

One of the more popular VPN service providers, NordVPN, has confirmed that there has been a breach in their security. While the company maintains a “zero logs” policy, the event raises concerns that some of the user data might have been jeopardized. Knowing that NordVPN is something that quite a lot of cryptocurrency users take advantage of, it’s perhaps worth to take additional care following the breach.NordVPN Confirms Security BreachNordVPN, being among the well-known VPN service...

Bitcoin’s price is often predicated on major volatile moves, both up and down. Recently, however, the price has been trading sideways for almost a month in a rather tight range which could be a sign that a big move is coming. Adding to the mix the Bollinger bands, which are currently closing to each other, we could actually be in for a significant price movement sooner rather than later.Bitcoin’s Current Sideways ActionThe price of the largest cryptocurrency has been within a fairly close...

Stephen Moore, an economic commentator and a former member of The Wall Street Journal editorial board, will launch a stablecoin dubbed Frax. The coin will be pegged to the U.S. dollar, providing stability but differing from other stablecoins in that it will rely on a fractional reserve system. Moore is also President Trump’s former pick for the Federal Reserve board.A New StablecoinStephen Moore has been vocal in opposing the Federal Reserve’s current plans and interest rate raises. He’s a...

The highly volatile nature of cryptocurrency markets makes this industry simultaneously exciting and very risky.The price of bitcoin rapidly moved from around $600 in November 2016 to an all-time high of nearly $20,000 in December 2017.Of course, many, due to FOMO, bought Bitcoin worth hundreds to thousands of dollars during the “crypto bubble” period, hoping that the price would “moon”.It was also in that period that the ICO craze begun. Many novice and experienced investors threw their...

Binance recently launched a futures trading platform – Binance Futures – that allows traders to use leverage and to open both short and long positions. After our first look and test positions, we can say that the platform is very similar to that of Binance’s spot exchange, which makes the transition very easy. The user experience is just as smooth, and trading is relatively simple.Quick NavigationBinance Futures Security 9.9 Coin Variety 7.0 Liquidity 9.8 ProsBinance-branded productHigh...