AA News

Germany’s Central Bank Chief Wants To Tune Down on Libra and Digital Euro

The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro. Weidmann On Digital Euro Ever since...
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U.S. Indicts Dark Web Trafficker Who Sold Drugs For Bitcoin

A U.S. citizen, Joanna De Alba has been detained and indicted for an alleged conspiracy to possess and distribute illegal drugs including heroin and methamphetamine, through the dark web in exchange for Bitcoin.  The defendant was arrested while trying to enter the United States through the U.S-Mexico border on October 24, 2019.   Alleged Dark Web...
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Bitcoin Price Surges $500 Following Iranian Quds Force’s Leader Assassination

Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed. Bitcoin Price Surges $500 In Hours Yesterday, the...
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Telegram Refuses To Share Financial Records With SEC

The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator. Telegram Does Not Want To Share After raising over a billion...
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South Korea Won’t Tax Cryptocurrency Profits, For Now

Good news for cryptocurrency traders in South Korea as profit generated from crypto trading will not be subjected to tax, according to a recent announcement from the country’s Ministry of Finance and Strategy. The Ministry clarified that the current tax law does not consider crypto trading gains as taxable income; thus, Korean crypto traders are...
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Analysis: The 2020 Bitcoin Halving Is Already Priced In

One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have...
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Bitcoin Is A Pyramid Scheme According To A Popular Economist

Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...
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Trevon James Promised (And Claims He Did) Eating His Dog’s Poop If Bitcoin Isn’t At $10 By 2020

Trevon James, a former promoter of the famous cryptocurrency Ponzi scheme, BitConnect, made a Bitcoin prediction in 2018, which he must be regretting today. Back in 2018, he said that BTC’s price will be $10 on January 1st, 2020 and that he would eat his own dog’s excrement live on the internet if this is...
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Bitcoin Opens 2020 With Untypical Stability: Tuesday’s Crypto Market Watch

Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st.  Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190. Just yesterday, the largest cryptocurrency attempted to break the $7,400...
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In the New Decade, Crypto Will Become Essential Like Email: Says Tyler Winklevoss

It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto. According to Winklevoss, crypto is already becoming more than a niche technology and a form of money,...
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Recap Of 2019: Those Were The Biggest Bitcoin & Crypto Events Of The Year

It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth.  A lot of people believe that 2019 was the preparation year for Bitcoin and...
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Bitcoin Loves Weekends: Saturday Was The Best ROI Day Throughout 2019

With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst.  According to Santiment, they created a backtesting solution to calculate the daily...
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Craig Wright Is Supposed To Receive Private Key of 1 Million Bitcoins (Worth $8 Billion) Tomorrow

The controversy around the Wright versus Kleiman legal case continues, as the former is reportedly going to receive the private keys needed to access over one million Bitcoins on January 1st, 2020. If successful in retrieving them, it’s questionable how and if Craig Wright will dispose of the cryptocurrency and what the effect on the...
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Ethereum’s Newest Hardfork, Muir Clacier, To Take Place On January 1st

The beginning of the new year will deliver a new hard fork for Ethereum, called Muir Glacier. Just a few weeks after the last one (Istanbul), the new fork should address the issues left from it and is supposed to happen on Wednesday, January 1st, 2020. Muir Glacier To Start 2020 According to the official...
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8,900,000% ROI: Bitcoin Is The Best Performing Asset Of The Ending Decade

Whenever a year comes to its end, people start reminiscing on the last 365 days, recovering photos and memories, and the same could be expected to happen in the next few days, as this year ends. 2019 though, marks another milestone as the whole decade is coming to a close. While some people might start...
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Samsung Adds Support For 3 New TRON dApps

TRON network’s partnership with the technological giant Samsung appears to be expanding. Just two months after announcing on the initial deal to be integrated on the latter’s Blockchain Keystore, Samsung adds support for three new TRON-based dApps for its Galaxy S10 phone. Samsung To Support 3 New TRON dApps According to a recent Korean report, three...
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Bitcoin P2P Trading Volume at ATH in Venezuela And Argentina

Interest in cryptocurrencies, especially bitcoin, in Latin America is on the rise as popular bitcoin Peer-to-Peer trading platform LocalBitcoins has been recording tremendous surges in its weekly BTC trading volume in Venezuela and Argentina.  P2P Bitcoin Volume Spikes Data from CoinDance, a crypto statistics platform, reveals that there was a spike in trading activities on...
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Bitcoin Bull Michael Novogratz Loses Confidence: Lowers BTC Price Prediction To $12,000 By 2020

It appears that one of Bitcoin’s most popular proponents, Michael Novogratz, has lowered his predictions regarding BTC’s price by 2020. This time, he believes that it would close above $12,000 but doesn’t really give any further thoughts on the matter. Bitcoin Price Above $12,000 By 2020 Michael Novogratz is one of the most vocal proponents...
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Ripple Expands South American Presence With Brazillian Partnership

Ripple, the company behind the third-largest cryptocurrency XRP, will be reportedly expanding its presence in Brazil. Just months after it launched new operations in the country, Ripple is expected to announce new partnerships with other major institutions, such as digital banks. Ripple Expands Brazilian Influence Ripple is planning to expand its presence in Brazil with...
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Bitcoin Price Ragebound Around $7,000: Last Crypto Weekly Update of 2019

The last week of 2019 didn’t really bring a lot of excitement within the cryptocurrency market. Bitcoin’s price remained trapped within a fairly narrow range between $7,100 and $7,700, while altcoins struggled to claim any new grounds.  As a matter of fact, Bitcoin’s dominance stabilized well above 68%, which showed that BTC kept its market...
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Chinese Marketing Mogul Appoints Pro-Blockchain Executive

A leading Chinese marketing and management behemoth, ChinaNet, has announced that vibrant and pro-blockchain Mr. Yingguo Guo is now the new Chief Technology Official (CTO) of the company, according to a press release today. ChinaNet Hires Pro-Blockchain Executive ChinaNet is a NASDAQ-listed company (Nasdaq-CNET). According to the company’s website, ChinaNet is “integrated online advertising, precision...
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Bank Of Korea Employs A Task Force To Research Central Bank Cryptocurrency

The Bank of Korea (BOK) is taking another important step towards adopting the trend for central bank digital currencies (CBDCs). The bank will reportedly organize a dedicated task force to build on top of the existing CBDC research and to improve it further. Bank Of Korea’s CBDC Task Force A local report from today shows...
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YouTube Claims The Crypto-Ban Was an Error: Affected Videos Getting Restored

The most talked-about news in the cryptocurrency community in the last few days came from the largest video giant, Youtube. Without prior notice, the giant started banning and removing crypto-related videos due to “harmful” content. Still, according to YouTube, it’s not a crypto ban, rather a ‘mistake’, and everything should be restored. Youtube’s Reasoning Behind...
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After A Disappointing Christmas, Bitcoin Price Consolidates Around $7,200: Thursday Crypto Market Watch

After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the $7200 region. After touching $7,700 a few days ago, BTC is currently trading above $7,200. A decline below $7,000 will, in no doubt, be stressful for traders who are already disappointed with the Christmas market...
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Bank Of Russia Tests Own Stablecoin In A Regulatory Sandbox

State-backed stablecoins appear to be on the rise in the last several months, and Russia is taking the next step into launching its own. The country’s central bank has reportedly started testing digital currencies backed by real assets in a regulatory sandbox. Russia Tests Digital Assets The head of the Central Bank of Russia, Elvira...
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The YouTube Ban Escalates As More Popular Cryptocurrency Channels Get Penalized

A few days after the first complaints from crypto influencers regarding having their YouTube videos removed, it appears that things are starting to escalate. The number of affected content creators keeps rising since then, and the community wonders on what could be the needed solution in this case. Youtube Bans Crypto Channels The largest content-sharing...
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Unpopular Opinion: Bitcoin Halving Might Not Affect Bitcoin Price, According To Meltem Demirors

The Chief Strategy Officer of CoinShaes, as well as one of the most prominent cryptocurrency proponents, Meltem Demirors, has spoken her thoughts on the upcoming Bitcoin Halving. According to her, it might not have the uplifting effect that a lot of the people seem to expect because the Bitcoin derivatives market is growing, causing more...
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Christmas Greed In Traditional Markets And Fear In Crypto: Chances For Reversal?

The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal? Greed Sentiment In The Stock Market The Fear...
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Bitcoin Hash Rate Broke a New All-Time High: What Does It Mean?

Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019.  Bitcoin Hashrate. Source: Blockchain.com Hash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a...
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Uzbekistan Initiates New Regulations: Bans Buying Bitcoin & Cryptocurrencies

Uzbekistan appears to be changing its stance towards cryptocurrency adoption as the President has made it illegal to purchase any, while citizens can actually sell them. Interestingly enough, this comes only a year after cryptocurrency usage was legalized. Uzbekistan Bans Cryptocurrencies According to a local report, the former Soviet republic is set to place a...
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