Crypto news

Blockchain firm Bakkt stole the show at the sideline of the World Economic Forum (WEF) held in Davos Switzerland by announcing the launch of its new consumer application that would look very much like a fintech app such as PayPal offers. Moreover, it will support all forms of digital assets, in addition to cryptocurrencies.Bakkt, the physically-settled Bitcoin Futures exchange created by the Intercontinental Exchange (ICE), is changing the way and manner in which crypto assets are perceived...

Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that the world’s largest cryptocurrency managed to defend the critical support levels at around $8,200 and $8,300 and bounced back from there. As such, it appears...

The possibility of a digital dollar is one of the topics being discussed at the World Economic Forum (WEF) in Davos, Switzerland. Attendees at the forum are discussing the utility and advantages that a digital dollar could bring.Digital Dollar in Response to China’s Digital YuanOne of the reasons many people are calling for a digital dollar is the digital yuan. At the moment, and as far as national digital currencies are concerned, China is blazing the trail. Chinese authorities have noted...

The leaders of the European council and commission, Ursula von der Leyen and Charles Michel have signed the Brexit agreement in Brussels. It happened seven days before the agreements will gain full juridical force.The House of Commons submitted the initial draft of Brexit docs and then rejected the corrections made by the ‘oldies’. The powerful youth said that the bill must pass without changes, and the Lords gave up. After House of Lords’ approval, the bill is receiving the royal assent on...

The leading manufacturer of office equipment Xerox is officially launching a hostile takeover to acquire computing giant HP. According to Xerox, the company will start with nominating 11 independent candidates during HP’s annual stockholders’ meeting in April. If elected, the new board will make it easier for Xerox to acquire the PC manufacturer.The decision to play hard resulted from HP’s rejection of Xerox’s takeover bid. The price at which Xerox valued HP made up $33.5 billion. However, HP...

What’s the best crypto exchange to get your token listed? Top-tier platforms require hard efforts and lots of money. Small exchanges aren’t that hot when it comes to potential exposure and trade volume of your token.Meanwhile, the truth may be hidden somewhere in between: here are the benefits of choosing a mid-level exchange for token listing.The reason behind listing your new coin or token on a mid-level crypto exchange is rather simple: such platforms have the craved-after balance between...

Tesla stock has made a lot of headlines recently. Former presidential candidate and political activist Ralph Nader is not as pumped about Tesla as the rest of the market. In fact, Nader believes that Tesla is the spark that will burn the stock market, leveling it to ashes. On Wednesday, Nader took to Twitter to warn the general public about Tesla’s recent surge, suggesting that it’s unsustainable.Ralph Nader Predicts Tesla Spells DoomIn a tweet on the 22nd of January, Nader said:“When the...

BitcoinBitcoin has dropped by a small 5% over the past week as it hovers around the $8,400 level. It found strong resistance at the $8,963 level (bearish .786 Fib Retracement) and was unable to overcome it. The latest retracement was expected, considering that Bitcoin managed to surge by over 30% in January to reach a high of around $9,150. It found support at the 200-days EMA at around $8,200 in today’s trading session, which allowed it to bounce back above $8,400. Unfortunately, the RSI has...

The financial markets in China and other parts of the world are currently on edge because of the coronavirus. As China tries to curb the spread of the deadly disease, it has also restricted movement in the country, sparking national outrage.China Enforces Travel RestrictionsChinese officials have now put a blanket travel ban on more than 10 cities. Authorities have also forced all travel agencies to temporarily discontinue all offered travel plans, whether domestic or international. The...

Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in the past. Even if there’s a massive shakeout, bitcoin looks poised for a bull run this year. Bitcoin has been struggling to keep its bullish momentum alive since it topped out at $9,188.10 earlier this month. The cryptocurrency is down nearly 10% from the yearly high. Many are saying that the bear...