Crypto news

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...

The crypto industry is actively developing this days which ensures high chances for cryptocurrencies to replace fiat money one day. However, there is still a lot to be done in this direction. In the recent interview, the CEO of FortuneJack Boris Kiknadze has explained the common tendencies in this industry and told a lot about crypto gambling in general and their project in particular.What is your professional background and how/when did you get into crypto?I consider myself to be a...

As it was predicted by market analysts last week, the coronavirus epidemic plunged stocks in mainland China as markets reopened. The markets had remained closed because the government extended the Lunar New Year Holiday in efforts to curb the spread of the outbreak. Before now, the world was already feeling the effects of the spread. Several financial markets had plunged and now, China has joined the plunge.Coronavirus Crashes Stocks in ChinaOn Monday, stocks generally crashed by at least 7%....

The XRP token had a great start to the week following a 2.82 percent surge in price after Ripple, the company that is using the cryptocurrency in its solutions, released 500 million tokens from an escrow account on Feb. 1, at least according to data provided by resource monitoring website Whale Alert.In the last 24 hours, XRP price has spiked from $0.2460 to its current price of $0.2522, CoinMarketCap data shows. XRP’s gains extended across the board to other altcoins particularly those in...

Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...