AA News

How Did Bitcoin Perform Against Other Investment Tools: Correlations, Volatility, and ROI

The end of 2019 marked yet another volatile and, in most cases, profitable, year in the cryptocurrency community. The field continues to evolve with new developments while governments are starting to pay further attention, ultimately leading to a more mature market place. A recent report has compiled interesting data regarding the performance of Bitcoin, Ethereum,...
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Bitcoin Surges to $8,300 As Altcoins Regain Confidence: Sunday Crypto Market Watch

The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100. Taking a look at the technical aspects,...
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KYC/AML And Other Regulations: Are They Good or Bad For Bitcoin?

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...
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The Satoshi Effect: Why Are Nigerians Going Wild On Bitcoin?

Indeed, the first impression is not always the last impression, at least, Nigerians have proven that with Bitcoin.  Bitcoin started gaining traction in Nigeria after the infamous Mavrodi Mondial Moneybox (MMM) Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves...
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Interest In Bitcoin Highest Since September 2019, According to Google

Bitcoin sees the highest attention in the past 5 months according to data by Google Trends. The world’s leading cryptocurrency has been making strides amid retail investors once again, as its price keeps going on rollercoasters regularly since the beginning of the year. Interest In Bitcoin Highest Since September 2019 Bitcoin’s price has been particularly...
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Bitcoin’s 2020 Bullish Run Continues Surpassing $8000: The Crypto Weekly Report

Bitcoin’s price has been on a wild ride this week. So far, January definitely doesn’t disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it’s currently recovering....
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No Need For Central Bank Cryptocurrency For Now, Australia Concludes

While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough. No CBDC in Australia The...
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The State Of Illinois Legalizes Blockchain-Based Smart Contracts

The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances. Smart Contracts Admissible In Court One of the biggest challenges in front of regulators when it comes to crafting legislation for...
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China To Impose Stricter Financial Monitoring Rules, Bitcoin Emerges As An Alternative

China’s central bank is reportedly preparing a new set of stricter rules that will affect public privacy and personal information. The update will make nine significant changes regarding leasing services and other types of financial transactions, and the community has quickly brought up Bitcoin and its potential to be used freely in similar situations. China...
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Elon Musk: Bitcoin Is Not My Safe Word

Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many...
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TRON Overtakes EOS For Active DApps: Ethereum Still Leading The Category

When it comes to the massive adoption of cryptocurrencies and blockchain-based technology, decentralized applications (DApps) are considered as one of the pathways to it. According to a recent report, 2019 has seen a serious number of new DApps coming out. More interestingly, though, TRON has managed to establish itself as the second most-used platform for...
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Ripple Partners With Thailand’s Oldest Bank To Work On Cross-Border Payments

Ripple is looking to expand its presence in Asia, forming a new partnership with Siam Commercial Bank. The latter will reportedly develop a new type of mobile application for faster and cheaper cross-border payments, which will run on Ripple. Ripple Partners With SCB Ripple recently announced its newest partnership with Thailand’s oldest bank – Sian...
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ECB Looks Into Launching Own Cryptocurrency, Won’t Interfere With Private Stablecoins, President Says

The European Central Bank is considering the launch of its own CBDC, according to the bank’s President – Christine Lagarde. She indicates in a recent interview that they need to adjust to this changing world and that the bank will not interfere with any private companies in coming up with a similar digital form of...
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Former Bakkt CEO Kelly Loeffler Appointed At CFTC Committee

Kelly Loeffler, the former CEO of Bakkt, has recently taken a seat in the U.S. Senate for the state of Georgia. Reports have it, though, that she is also assigned to serve on the Senate Agriculture Committee with the CFTC. Given that her husband is the CEO of the Intercontinental Exchange (ICE), this could raise...
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Bitcoin Safe Heaven: Correlating With Gold and Oil Following Recent Iran-US Clash

News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there...
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As Australia Burns, Binance Donates $1 Million Worth Of BNB

Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead. Binance To Help With Australia’s Distress Many institutions and people from around the world, including foreign...
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Bitcoin Spikes To $8,400 As US-Iran Clash Intensifies, Altcoins Crashing: Daily Market Watch

Bitcoin’s price went on a rampage. Just five days ago, it was trading at around $6,850, and today, it went over $8,400 to settle at where it currently trades at around $8,270. With an increase of around 5% for the past 24 hours, Bitcoin seems to mark a good start to yet another year.  As...
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Telegram Won’t Have To Show The SEC Its Bank Accounts, Court Rules

Telegram appears to have caught a break with the recent case filed by the U.S. Securities and Exchange Commission (SEC). The company recently refused to share its financial records with the market regulator, and now the New York court has ruled against SEC’s demand. SEC Request Denied This year started on the wrong foot for...
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Japan’s SBI and GMO To Cooperate With The World’s Largest Bitcoin Mine

Two of the largest corporations in Japan, SBI Holdings and GMO Internet Inc., have found their way into the bitcoin mining sector through a connection with Frankfurt-based company and owner of the world’s largest Bitcoin mine, Northern Bitcoin AG.  According to Bloomberg, an agreement between the two Japanese firms and Whinstone Inc., a subsidiary of...
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All 4 Past Januaries Started A Different Altcoin Trend, Will January 2020 Ignite a New Altcoin Season?

The new year is here and it started off kicking. Bitcoin went on a rollercoaster, dropping to a low of $6,850 only to surge back up to $8,000 days later. As it’s almost always the case, the cryptocurrency market followed. Looking at how January turned out for altcoins throughout the past 4 years, it’s safe...
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Bitcoin Surges To $8,000, Altcoins Follow: Tuesday Crypto Market Watch

Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900. Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the...
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Ripple Surges 10% As Binance Futures Adds XRP/USDT Perpetual Contracts

Binance was on a roll in 2019, and it doesn’t appear to stop this year with new features on its platforms. The company recently announced that it will add XRP/USDT as a new perpetual contract trading pair, and the leverage will be up to 75x. At the same time, the price of the third-largest cryptocurrency...
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South Korean Commission: Korean Firms Should Be Allowed To Launch Bitcoin Derivatives

Financial institutions in South Korea may soon be able to launch Bitcoin derivatives and other crypto-based products as part of the country’s effort to make crypto a legal asset. The South Korean presidential office of the 4th industrial revolution Commission published a document advising the Korean government on some policies they could use as a...
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Qatar Blocks Cryptocurrency Services Throughout The Gulf

As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies. Qatar Bans Cryptocurrencies The Qatari Financial Center, which is also the nation’s regulatory authority, has issued...
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John McAfee: Bitcoin Is Ancient Technology, As Ford Model T For Cars

American entrepreneur and controversial crypto figure John McAfee, who boldly predicted that Bitcoin would be valued at $1 million by the end of 2020, has openly lashed out on the leading cryptocurrency, referring to it as an ancient technology due to several limitations. This comes as a blow, considering that he was one of the...
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Burger King, Petro, and Rising Bitcoin Volume: Venezuela Might Be The Leading Country In Terms Of Crypto Adoption

While most of the world countries and entities are making slight attempts to enlarge their cryptocurrency adoption, Venezuela might be way ahead. Judging by the past year, the dictatorship country has been quite favorable towards Bitcoin and other digital assets, with increased trading volume, and its own cryptocurrency to be used in oil trades. Most...
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Bitcoin Price Now At 7-Day High, Altcoins Follow: Sunday’s Crypto Market Watch

Only a few days ago, the price of Bitcoin plunged to $6,850 (Bitstamp) in a violent red candle. However, the bulls quickly took charge, and the price recovered to over $7,200 in the next few hours, and since then, the state of BTC has been ever healthier. The largest cryptocurrency is currently trading safely above $7,400,...
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Is There a Correlation Between Bitcoin Active Addresses and The Price?

Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a...
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From Bitcoin To Other Altcoins: How Are They Actually Used In Today’s World?

Bitcoin and the alternative coins receive different acceptance from people: from a speculative tool for trading to an investment option, digital gold, etc. Yet, most of them have another, more meaningful purpose that is somehow neglected by the masses when they see only their coins’ prices. While most people are aware of the top digital...
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Bitcoin Opens 2020 Volatile As Usual: Weekly Crypto Market Update

It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in...
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