Tag Archives: AA News

Binance, the world’s leading cryptocurrency exchange, has completed its 9th quarterly burn of Binance Coin (BNB). The event saw upwards of two million tokens, worth more than $36 million. This number represents 20% of the company’s quarterly profits. Naturally, as the burn takes place and it eliminates BNB from circulation, the price might react, but will it?Binance Burns Two Million BNB Binance has managed to successfully complete its 9th BNB coin burn. The event saw a total of 2,061,888 BNB...

Qtum brings forward a proof-of-stake blockchain and it’s poised to go through its very first hard fork. The upgrade is scheduled for tomorrow, October 17th, and it is intended to introduce a lot of improvements, especially to the functionalities of the network’s smart contracts.Qtum’s First Hard ForkTomorrow, October 17th will see the first hard fork of proof-of-chain blockchain Qtum. As soon as the network upgrades, this will enable third-party gas payments which marks a major milestone....

Bitcoin’s price action of late got the community rather bearish. A lot of popular analysts are suggesting that the price might plunge down to $6,000. As we’ve seen plenty of times in the past, however, Bitcoin often does the exact opposite so it’s quite interesting to see where the price will take from here. Bitcoin’s Price Recent Action And Bearish Sentiment Bitcoin’s price is moving in a range for the past few days. This comes after the fake breakout we saw back on October 11th when the...

This week, the market continued to stagnate, but we saw some promising signs in the altcoin arena. While most of the attention was directed toward Bitcoin and whether its price support will hold, many traders’ interest seems to have shifted to altcoins.Bitcoin’s dominance rate declined since peaking at 72%, and other cryptocurrencies finally managed to reclaim some ground.Despite the fact that during the past 3 months Bitcoin’s price has shuffled up, its current price point is still...

BitcoinWe saw an attempt to break down the resistance at around the 200 MA. Support in this range holds at about $8,000. If it fails, we can expect testing lower levels and this will spell bad news for the market. The chart seems to be technically primed for a turning point.EthereumAgainst the USD, we saw attempts to return to the $200 levels. In the meantime, resistance is currently at $190 while support is at $160. The market could be testing it.Against BTC, the cryptocurrency continues to...

The Governor of Sweden’s Central Bank, Riksbank, said today that Facebook’s Libra has turned out to be a very important event. The bank has already been exploring the issuance of digital currencies, mainly because the usage of cash in Sweden is decreasing dramatically.Libra An Incredibly Important Catalytic EventDespite the recent shakedown which caused a lot of the key backers of Facebook’s Libra, including PayPal, Visa, and Mastercard, to drop off the project, good news seems to come from a...

It’s safe to say that the last several days have been fairly turbulent for Bitcoin’s price. The cryptocurrency surged from around $8,150 to about $8,800 in a few days and lost all of its gains in a devastating red hourly candle which brought its price back to around $8,300. Now, popular analysts are drawing a parallel with Bitcoin’s behavior in 2017 which led to the biggest “altcoin season” to date. Will history repeat itself?Bitcoin’s Price PerformanceToward the end of last week, we saw...

One of the leading providers of online foreign exchange trading, as well as other related services, has announced the introduction of a new cryptocurrency basket for its retail investors. The product will include five different cryptocurrencies, including Bitcoin.Bitcoin Included in a Retail Trading BasketFXCM Group, commonly referred to as FXCM, is a well-known international provider of CFD trading, exchange trading, cryptocurrencies, and other related services. Today, the company announced...

A recent survey from KPMG, a Big Four professional services firm, has revealed that more Millennials and people from the Generation Z (Gen Z) are becoming increasingly open to the use of cryptocurrencies, due to the many benefits accrued to blockchain-based tokens. Interesting Results From KPMG StudyThe study suggested that “tokenization is ushering in the next generation of commerce,” as it helps businesses leverage blockchain technology to “classify value by creating new assets or...

The CC Forum on Blockchain, AI, and Digital Innovation starts today in London and one of its panels is causing quite the furor in the cryptocurrency community. Seeing that Craig Wright is one of the speakers, a few prominent members have already announced that they won’t attend the conference, refusing to give merit to his claims that he’s the inventor of Bitcoin.Boycotting London’s Blockchain ConferenceThe CC Forum on Blockchain, AI, and Digital Innovation is already taking place today in...