Crypto news

Most of the crypto assets in the market performed reasonably well last year, on average. Considerable price jumps were seen for the top assets even if a correction eventually followed. However, the market’s 3rd most valuable asset, XRP, did not have a lot of glory days. Regardless, it looks like 2020 just might be a great year for XRP price as the long bear market that has lasted 750 days, might be ending.XRP Set to RiseCurrently, XRP is trading at $0.25. The price, while not exactly...

For more than a decade, there has been one major issue thwarting the adoption of cryptocurrency: transactions simply take too long. Fortunately, researchers at MIT have now announced that they have developed a more efficient system for routing cryptocurrency transactions, which they have dubbed “Spider.”According to ComputerWorld, MIT researchers are able to use this “Spider” routing scheme to make crypto transactions up to four-times faster than ever before (!).Four-Times Faster Crypto...

On a day when the rest of the cryptocurrency market is trading in red, IOTA investors are bagging profits as the 18th largest coin recorded an incredible daily 10% increase in the last 24 hours, which completes almost 40% price gain in the past seven days.And if you were wondering, IOTA had seen more than 100% increase since the new decade. At the time of writing, IOTA has slightly retracted and is trading at $0.338 with a market cap of approximately $941.5 million.IOTA-USDT (Binance) 30-days...

It is most likely that Bitcoin will gain from a rapid drop in Asian stock markets due to the coronavirus menace. Crypto analysts believe that the flagship token will gain soon. Apart from that, the halving event is fast-approaching. Bitcoin is less than 99 days away from its halving event. Most of the market commentators are bullish on its impact.Bitcoin price smashed the $9,600 hurdle for the first time since November 2019. Nonetheless, the weekend session was also dominated by significant...

Elon Musk‘s Tesla Inc. is on a roll as the company’s stock price has surged nearly 100% in the last three months. Last Wednesday, January 29, Tesla released its Q4 2019 earnings taking Wall Street by a big surprise.Beating the analysts’ expectations, Tesla registered total sales of $7.38 billion against the street projections of $7.02 billion. The electric car maker posted an EPS of $2.14 against the expected $1.71. The company said that its Model 3 deliveries were up 45% YoY and it expects...

The coronavirus has had an unignorable effect not just in China but also in the rest of the world. Apart from stock markets that are taking a plunge, just the fear alone is creating major problems. Interestingly, one major effect of the coronavirus outbreak is that many more companies are slowly transitioning, or at least experimenting with remote work. Working from home now seems like the only option for these businesses.Remote Work Effect of the CoronavirusWhen the outbreak initially began...

So far, 2020 has been a remarkably positive year for Bitcoin. Not only has the price of Bitcoin increased by 30%, but the Global Bitcoin Futures market open interest has noted a massive 60% growth as well.In the meantime, BitMEX and OKEx are still the most widely-used Bitcoin margin trading exchanges, with over 50% of the market share.Bitcoin Futures Market 2020 SurgeAccording to the monitoring resource Skew, the global Bitcoin Futures open interest is continuously increasing. In fact, solely...

Porsche makes a great comeback to the Super Bowl with its first ad since 1997. The commercial is showing a 60-second car chase with the main star – all-electric Taycan Turbo S sports car.According to the company, a Super Bowl ad featuring the Taycan was really important in order to build awareness for the car. As Porsche already has mentioned, its main attempt is to continue attracting new customers interested in all-electric vehicles.Klaus Zellmer, president and CEO of Porsche Cars North...

Panasonic Corp reported on Monday its first quarterly profit in U.S. battery business with Tesla Inc. The news comes after the U.S. electric vehicle maker reported its second successive quarterly profit last week, as vehicle deliveries hit a record. Tesla also said it would comfortably make more than half a million units this year, pushing its shares to new highs.Panasonic’s Chief Financial Officer Hirokazu Umeda said, referring to battery cell production, that the company is catching up as...

Payment platform Worldline SA in a bid to maintain its stronghold in the now competitive industry is set to acquire a rival firm Ingenico. The amount of the deal is already known. It will be $8.6 billion, which makes it the biggest deal in Europe so far in 2020. The sum is equal to 7.8 billion in euros.Global MergerBoth companies have been circling each other for years, but the reorganization of Ingenico last year gave Worldline SA the avenue to formally bid for the company. Worldline SA...