Crypto news

The U.S. District Court in Seattle convicted a former Microsoft employee of 18 federal felonies. Ultimately stealing over $10 million in less than two years, the perpetrator used a bitcoin “mixing” service in an attempt to hide his actions.18 Federal OffensesVolodymyr Kvashuk is a Ukrainian citizen who worked full-time for Microsoft as a software engineer from August 2016 until June 2018. Before he was eventually fired, he was responsible for testing Microsoft’s online retail sales program....

The U.S. stock market is suffering from huge losses in its value due to coronavirus fears that have gripped investors. The U.S. stock market has received a huge blow due to the ongoing coronavirus outbreak (COVID-19) outside mainland China. In just two days, the sell-off wiped out more than $1.7 trillion from the market value, a rare case that was observed four years ago.According to an indices analyst, most investors who had their money in the stock market fled the riskier assets due to the...

Dow Futures started brightly on Wednesday morning but reversed course through the early hours. Investors are waiting for updates on the coronavirus infections around the world, especially in China, South Korea and Italy.Last few days we were witnessing futures going pretty much down. Stocks on United States markets had really bad few days. As per our analysis most of them had lived through the worst moments in their last four years (some even five).Most of it we can “thank” to the coronavirus...

Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins.Finland’s Seized BitcoinsBack in 2016, police raids in Finland were a common sight. The notorious black market, the Silk Road, was operating in full force, and some deals were transmitted in Bitcoin. Thus, as Finnish authorities made several successful arrests, they managed...

It has become known that Bob Iger is leaving his position of the Disney CEO, the DIS stock has reacted negatively to the announcement and is falling in the pre-market.Walt Disney Co (NYSE: DIS) CEO is stepping down. Sources indicate that Bob Iger has resigned from the top role in the entertainment giant yesterday. The announcement was made after trading hours. Disney (DIS) stock went into a dive after the announcement about the CEO. Bob has reportedly decided to step down to take up creative...

Bitcoin price smashed the $9,500 support on February 25 after repeated tests and accelerated towards $9,100, marking the second day of losses amidst fears of the coronavirus spreading to more countries.Bitcoin price smashed the $9,500 support on February 25 after repeated tests and accelerated towards $9,100. That marked the second day of losses as global equities markets steeply corrected on the fears of the coronavirus spreading to more countries. As the price plunged violently, traders in...

Tesla (TSLA) shares are now trading at $782.42. The stock has gained 171% in the past 12 months, and the current downfall is quite painful for the company.Amid the spreading coronavirus fears, the situation on the market is worsening, with tech giants’ shares tanking. Even Tesla Inc (NASDAQ: TSLA) stock dropped greatly. The carmaker’s shares plunged by more than $100 in just two days. As we have recently reported, Tesla (TSLA) stock plunged more than 7% on Monday, closing down 7.5% at...

ADA price started a nasty decline after it broke the $0.0600 support against the US Dollar.The price even traded below the $0.0550 support level to enter a bearish zone.There is a major bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Kraken).The price remains at a risk of more losses below the $0.0520 and $0.0500 levels in the near term.Cardano price is down more than 5% and trading in a bearish zone against the US Dollar, similar to bitcoin. ADA...

The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week.Major Indexes Chart Serious LossesOver the course of just a few days, major global indexes have charted losses that are troublesome, to say the least.Starting off with the S&P 500, it lost 3% yesterday alone and is down 7% in the past...

Today, more than 60% of global transactions involving Bitcoin have a connection with the gambling industry. One of the main factors that can be used to explain this popularity is the anonymity that crypto offers to the network participants.In a business running on estimation and predictions, observation and critical analysis of trends – of past, present, and future – play the central role. All the profits and losses incurred by its participants depend entirely on this object of detail and...