Crypto news

What did we tell you all? Political unrest has a lot to do with bitcoin’s sudden rise to power. Now that relations between the United States and Iran are easing up a bit, it appears bitcoin has quickly descended back into the $7,000 range.Bitcoin Is Falling Back DownAt the time of writing, the world’s number one cryptocurrency by market cap is trading for just over $7,800. While this is not a massive difference from yesterday’s $8,000, it’s still a punch in the gut. Many enthusiasts thought...

Ethereum may be due for one last leg down. Despite ether’s bearish price action in 2019, it has made significant progress. The cryptocurrency’s growing fundamentals will likely eventually catalyze a new bull market. Just like bitcoin, Ethereum has been correcting ever since it posted a high in June 2019. From last year’s high of $363.30, the number two cryptocurrency has lost over 62% of its value. Those losses are significantly magnified if you consider that Ethereum...

New York-based leading business analytics platform Sisense has touched $1 billion valuation after its recent $100 million funding round. Insight Venture Partners led this funding round along with other investors Bessemer Venture Partners, Battery Ventures, DFJ Growth, and others.In the last three years, the company’s valuations have surged 200% as it now serves over 2000 customers. Some of the big names in Sisense’s client list include Nasdaq, Philips, Salvation Army, and Tinder. Amir Orad,...

Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even higher than this as it approached the resistance at $8,458 but it quickly rolled over and started to fall. After reversing at the 200-days EMA, Bitcoin started to fall...

Boeing released several internal messages with company employees expressing their unease with the 737 Max. They discussed the problems existing in the flight simulators used to train pilots on the new jetliner while attempting to avoid extensive regulatory scrutiny of the plane. One company pilot told their colleague in 2016:“This airplane is designed by clowns, who, in turn, are supervised by monkeys.”The company had already given the documents to lawmakers with the U.S. Federal Aviation...

If there’s one thing that is absolutely sure about the general Bitcoin community, it’s the bullishness. BitPay Chief Commercial Officer Sonny Singh has now added to this bullishness with a $20,000 Bitcoin prediction for 2020. Singh has joined a long list of industry enthusiasts who believe the sky is only the beginning for the world’s king coin.$20,000 Prediction for Bitcoin in 2020In a recent conversation with Bloomberg’s Taylor Riggs which took place on Wednesday, Singh spoke quite...

Bitcoin is more fairly distributed than altcoins. Cardano may be dangerously centralized. Whales are still a significant issue for BTC. When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins. Tracking numerous cryptocurrency addresses holding more than 1% of the supply of...

Kik, a Canadian company behind a freeware instant messaging mobile app, has long been involved in a battle with the U.S. Securities and Exchange Commission (SEC) over the enforcement action against Kin token offering in 2017. Now Kik requires trial with the SEC in order to put a legal end to this story.On Thursday, the SEC updated the status of the case and provided a schedule for further proceedings. According to the document, yesterday, on January 9, the parties took a total of 11...

XRP, directly the third-biggest crypto with an ongoing market capitalization of $8.8 billion, has plunged about 2% of its price, trading at $0.2000 at the hour of writing. The crypto reversed from the price level at $0.2255 arrived earlier this week, after announcing that Binance had added the token to the list of cryptos accessible for futures trading, with leverage up to x75.Also, in an ongoing discharge, Alloy Networks reported a completely independent token electrical transfer board. The...

Social platform Little Red Book is seeking a $6 billion valuation. The platform is reportedly in talks with investors to raise between $400 million and $500 million. It’s also worth mentioning that it has the backing of internet giants Alibaba and Tencent holdings.Xiaohongshu which means “little red book” has tried to release its app before now. The startup though has indicated that the app will be available for download to about 300 million users in app stores from July this year. It is also...