Crypto news

Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared U.S. presidential candidate says the future of the cryptocurrency space lies with altcoins. Bitcoin (BTC) is the hotmail of the cryptocurrency world. That’s according to altcoin king, and self-declared U.S. presidential candidate, John McAfee. Bitcoin Is Sh*tcoin, Not Altcoins...

Tesla has had a great year already and most forecasts on the electric vehicle company’s stock are bullish. Tesla will publish its quarterly earnings report later today and the anticipation is already high. As the market waits, CNBC’s Jim Cramer has said that Tesla has no choice but to impress the market with its report or its value will tumble.Tesla Earnings Report Must Be SatisfactoryAccording to Cramer who hosts CNBC’s Mad Money, Tesla’s current fortunes could very quickly change for the...

Saudi Aramco Energy Ventures invested $5 million into Vakt shares, and its trading subsidiary Aramco Trading Company will start using the Vakt platform, according to a press release.That way, Saudi Aramco joins the current Vakt shareholder base of 12 investors. Among them are some of the world’s largest energy and commodity trading players. This investment will help Vakt in platform development and possibly expand to new markets in Asia.This is particularly big for Vakt. Mostly because such a...

The effects of the coronavirus as it continues to spread might very well crash the global economy. The virus is already biting hard into financial markets and several businesses worldwide. However, things could very easily get a lot worse. According to former Morgan Stanley Asia chairman Stephen Roach, the coronavirus epidemic could very well lead to a global recession.Coronavirus Might Cause RecessionSpeaking to CNBC’s Trading Nation on Monday, Roach expressed fears that the outbreak could...

Santa Clara-based multinational semiconductor company, Advanced Micro Devices Inc (AMD) first-quarter estimate of revenue has raised a lot of eyebrows as it came in far below the estimates of analysts. Such a situation is a result of declining demand from gaming console makers despite its data center and PC chips business tracking a revival in the chip industry. It has become known from the reports of January 28, 2020.AMD saw its stock price decline as much as 4% after the company announced...

XRP increased by 2.5% over the past 24 hours of trading, bringing the price up to $0.238.Against BTC, XRP has suffered heavily after dropping beneath 2600 SAT to approach the January lows at 2525 SAT.The latest price increase is mostly a result of BTC surging back above $9,000.Key Support & Resistance LevelsXRP/USDSupport: $0.234, $0.218, $0.20. Resistance: $0.245, $0.25, $0.26.XRP/BTC:Support: 2525 SAT, 2455 SAT, 2423 SAT.Resistance: 2600 SAT, 2710 SAT, 2800 SAT.XRP/USD: XRP Rebounds...

Spread and control of the coronavirus outbreak in China has impacted the sales of popular multinational conglomerates, LVMH, according to published revenue records.China’s Hold on Luxury RevenueAccording to records posted by LVMH, the recent disease outbreak surfacing very early in the year has already begun to affect overall sales of goods, significantly.The recent outbreak comes as a bigger test to last year’s skid with Hong Kong, which fortunately couldn’t stop the company from making...

The number of active entities holding Bitcoin is continuously growing over the years to the current number of over 23 million, according to a recent report.Cryptocurrency exchanges control 13% of all bitcoins, and Coinbase is the leader with the most considerable stash.The popular blockchain monitoring resource, Glassnode, recently published its new paper regarding Bitcoin holdings. To gather the information, it used “standard heuristics, proprietary clustering algorithms, and advanced data...

Off lately, the San Francisco-based blockchain startup Ripple has been frequent in news. Ripple CEO Brad Gralinghouse has been much vocal about his company’s plans for 2020 and ahead.During the last week’s World Economic Forum 2020, the U.S. Treasury Secretary Steven Mnuchin expressed confidence in the development of new cross-border payment systems. Post Mnuchin’s statement, Ripple CEO Brad Garlinghouse also said that this could turn positive in favor of the company.Ripple has been actively...

Ripple’s Xpring initiative XRPL Labs is getting ready to launch its Xumm banking application. The app will allow users to store fiat and digital currencies in the wallet account, without any intervention from banks. In other words, Xumm offers banking services without banks getting involved.Xumm banking application is powered XRP, the token that is widely used in Ripple’s solutions. Notably, it will be available for all kinds of users. Easy to use, the app requires no special knowledge with...