Crypto news

Tesla is undoubtedly one of the most exciting and innovative companies to watch, especially in the past few months. Since October, its stock price has skyrocketed, surging upwards than 250%. However, technical indicators suggest that, currently, TSLA is more overbought than Bitcoin back in 2017’s cryptocurrency bubble.Tesla’s Impressive PerformanceTesla is a well-known and innovative American automotive and energy company that’s based in Palo Alto, California. It specializes in manufacturing...

Justin Sun deflected responsibility for the recent TRX hard cap removal onto TRON’s Super Representatives. But an online paper trail shows that Sun and his team were the ones who proposed the change. The change to TRON’s block rewards stand to benefit Sun, and Binance – which currently controls 55% of TRON’s staking network. Justin Sun was urged to conduct a 1 billion TRX token burn by the TRON community after it was revealed the TRX coin supply would exceed the...

[PRESS RELEASE – Please see disclaimer]Trading in any market can be extremely difficult at times, especially if users don’t have the necessary knowledge it takes to navigate certain markets. For example, the cryptocurrency market is a particularly difficult one given its constant fluctuation in price. One day, Bitcoin (BTC) could be up by $1,000 and the next, down by $2,000. The volatility of the crypto market can destroy any portfolio in a matter of seconds.This is perhaps one of the biggest...

Bitcoin (BTC) is having a field day as it seems to be enjoying the outbreak of the deadly coronavirus. As fear and uncertainty because of the virus continue to spread, the adverse effects are being felt by several businesses. The world’s financial markets also suffered a crash and even oil stocks are continuously crashing. However, the Bitcoin network is experiencing the direct opposite.Bitcoin and the CoronavirusThe relationship between Bitcoin and the coronavirus is a very interesting one....

As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses.Encouraging Small Cryptocurrency FirmsThe UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration fee for crypto companies. The reduction is notable and it could be seen as a way to encourage small crypto...

Place/Date: - February 4th, 2020 at 3:52 pm UTC · 4 min read Source: LuckyChain Blockchain has been developed for 12 years, and it has moved forward to industrial applications. In the foreseeable future, blockchain will be closely integrated with various industries. The blockchain itself will also create new things, promote global social and economic development, and create great value.Fortunately, mankind has been given infinite reverie since ancient times, reflecting the pursuit of all...

The recent price increases in various altcoins have made their mark on the community. According to two recent surveys, traders have allocated serious portions of their portfolio in cryptocurrencies other than Bitcoin.Majority Believes In AltcoinsA popular cryptocurrency analyst conducted a Twitter poll where he asked the community members how much they are involved in altcoins.How exposed are you to ALTs right now?— Loma (@LomahCrypto) February 4, 2020More than 8,000 people voted in the poll,...

Tesla announced its plans to make its own ride-sharing app before it accomplishes full autonomy. Per its announcement, the drivers should be covered under the automaker’s own driver insurance.Tesla is taunting its ride-hailing app for a few years now and the point is that the app should be powered by Tesla’s self-driving system. “Tesla Network”, as its CEO Elon Musk called it, was in his head since the last year when he talked about achieving full autonomy of his vehicles. However, during the...

UK-based oil and gas company BP has released its full-year underlying replacement cost profit, which is used as a substitute for net profit. The company recorded a net profit of $10 billion in 2019, 21% below the $12.7 billion it made in 2018, reports revealed on February 4, 2020.According to data from Refinitiv, the expectation of analysts was that BP’s net profit would come in at $9.7 billion. Although it failed to match the figures it released in the preceding year, the company still...

The coronavirus is still raging with its usual effects on not just human lives but also oil stocks. Many businesses all over the world, especially those with activity in China, have been affected. Now, the deadly virus is racing past the human factor and taking oil down with it.Coronavirus Shoots Down Oil StocksOil stocks began the year with a more promising outlook. Most of Wall Street had interesting things to say about oil stocks because of the trade problems between the U.S. and Iran. As...