Crypto news

The SEC charged action “star” Steven Seagal with unlawfully promoting a cryptocurrency. The naked bitcoin rip-off was so comical it almost looked like a self-parody of the ICO hype machine. It’s safe to say everyone except Seagal saw this legal backlash coming. Washed-up B-list action hero Steven Seagal had to know he was on deadly ground when he agreed to promote a scammy bitcoin rip-off called Bitcoiin2Gen. Two years later, his involvement in the bizarre and almost comically shady project...

After revealing it had become insolvent and unable to pay its customers an estimated 13,000 BTC (approximately $115 million at current market price), FCoin exchange has officially announced that they are preparing to restart their operations while promising to make refunds to affected users.  FCoin To Compensate UsersAs per the announcement on the exchange’s support website today, the company’s existing team will make efforts to resume the operation of both the FCoin and FMex websites as soon...

Within its new partnership with Ripple, Azimo will use Ripple’s On-Demand Liquidity service for fast payments into the Philippines.Ripple through its official web page has announced a groundbreaking partnership with one of the largest European remittance companies Azimo. The new partnership will provide Azimo with Ripple’s On-Demand Liquidity (ODL) to provide fast and cheap remittance capabilities into the Philippines. However, plans are underway to see the services expanded to other...

The sales of Aston Martin are falling as well as the price of the AML stock. However, the company hopes to survive. It also plans to offer wide freedom in customization of its DBX SUV.The sales of Aston Martin Lagonda Global Holdings PLC (LON: AML) have dropped. Sources indicate that the company is in distress yet again. It is also reportedly on the brink of bankruptcy. The stock of the company has fallen by about 10% since the company announced this. The company has indicated that it will...

Panasonic has announced that it will cease solar manufacturing operations at the Tesla factory by the end of May. The TSLA stock price is falling.The technological company Tesla Inc (NASDAQ: TSLA) decided to abandon its work on making solar cells with the Japanese electronics company Panasonic Corporation (TYO: 6752).Tesla (TSLA) stock yesterday lost 2%. And it continued falling. At the premarket trading, it lost around 5.6% and fell to $735. The market cap is 143.602 billion.Tesla and...

Ripple has recently partnered up with a European online remittance service company, Azimo. The former will leverage Ripple’s On-Demand Liquidity (ODL) for remittance payments in the Philippines and plans to expand the services in other countries, as well. At the same time, the company’s legal battle against Bradley Sostack will continue.Ripple Goes To Business With AzimoYesterday, Ripple announced its newest partnership with the U.K.-based digital money transfer service company. As of now,...

With coronavirus outbreak spreading a lot of fears to the global investors, talks of a vaccine are bolstering the Moderna (MRNA) stock value. However, it is still an early call, as the vaccine takes over a year to go through the regulatory testing rounds.The stocks of biotechnology company Moderna Inc (NASDAQ: MRNA) rocketed approximately 23 % on Wednesday after the company announced that the progress in making another experimental vaccine for a virus tied to birth defects is going at faster...

Though Ripple hoped that it would manage to stop its class-action lawsuit, the legal battle seems to continue.A federal judge from California has ruled against the request from Ripple to stop a class-action lawsuit that claims the company sold XRP to its customers as an unregistered security. This means the case will go ahead as planned initially, a big blow to the XRP and Ripple community at large.Ripple had requested to stop the lawsuit back in December 2019, where Judge Phyllis J. Hamilton...

It has become known over $190 million worth of Bitcoin long and short positions were liquidated on well-known derivatives exchange BitMEX.Bitcoin price dropped to $8,593. This development occurred yesterday. Sources indicated that the cryptocurrency markets lost big time. $190 million in Bitcoin was reportedly liquidated on the BitMEX exchange.Bitcoin Liquidation on BitMEXThese assets were formerly in the form of derivatives before their liquidation. They were also a combination of long and...

Tezos saw a small bounce after testing a key support area across major trading pairs.If XTZ can gain momentum above immediate resistance, a short-term bullish move is expected to kick.The bearish pressure may resume if the current support fails to hold.XTZ/USD: Tezos Struggles At Resistance, Can It Break Above $3Key Resistance Levels: $3.6, 4, $4.2Key Support Levels: $2.9, $2.55, $2XTZ/USD. Source: TradingViewAs per our previous XTZ analysis, the cryptocurrency began another downward move...