Crypto news

Tesla can definitely say that it began this year with a record being the highest U.S. automaker in history. The company’s recent stock rally pushed its market value to approximately $85 billion. Just on Tuesday’s close, it surpassed the $80.8 billion, the record previously set by Ford back in 1999.However, just for comparison, Ford had a market value of only $37 billion at the end of trading on the same day.Tesla’s shares continued to climb and traded up more than 4% on Wednesday and at the...

We’ve been making quite the stir about bitcoin lately, but the world’s second largest cryptocurrency by market cap – Ethereum (ETH) – has done rather well for itself, too.Ethereum Is Number Two… And GainingWhile ETH is nowhere near the price of bitcoin (and probably never will be), it’s easy to focus all of one’s attention of the globe’s primary digital asset while pushing all others to the side. At the time of writing, Ethereum is up to roughly $143 – a price spike of nearly four percent...

The world’s largest bitcoin mining facility has recently opened in Rockdale, Texas. The operation is owned by Germany-based Whinstone Inc., which will rent out the facility to both SBI Holdings Inc. and Japan-based GMO Internet Inc. Both will work to extract new bitcoins using Whinstone’s equipment and Texas location.Whinstone Is Becoming the Primary Mining CompanyBitcoin mining has been a big deal as of late. While always a main staple of the industry, two large events have occurred in the...

Peter Brandt laid out two scenarios for bitcoin last month. The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out. Brandt teases his followers with the possibility of a bull run in his latest tweet. The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented two bullish scenarios for the king of cryptocurrencies. The first...

Bitcoin is continuing its present bullish behavior and has since added another $400 to its price.Bitcoin Is Still Heading for the TopPolitical unrest appears to contribute heavily to bitcoin’s status. The currency ultimately started out the year on rather unclear ground, with the currency standing beyond $7,000. From there, however, a drop into the $6,000 range occurred, but another surge was right around the corner following the U.S. drone strike against Iran that took out one of the nuclear...

Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...

Bitcoin hit its record yesterday coming to $8,400. However, the reasons for that are not as nice as it might seem. There is something to do with the current U.S.-Iran political tensions.Yesterday political situation came to its climax when the Islamic Revolutionary Guard Corps confirmed that it conducted rocket attacks on the Al Asad base in western Iraq that hosts American troops.Right immediately after this news was outlived, all “safe haven assets” jumped sky-high. But let’s go from the...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

XRP remains above the $0.21 level after seeing a 10% price surge over the past week.Against BTC, XRP has plummetted to create a fresh low beneath the December low-day-closing price.If the bulls can continue to defend the $0.21 level, there is a chance that we will head toward $0.25.Key Support & Resistance LevelsXRP/USDSupport:  $0.21, $0.20, $0.185 Resistance: $0.22, $0.228, $0.234, $0.26..XRP/BTC:Support: 2800 SAT, 2750 SAT, 2710 SAT, 2600 SAT.Resistance: 2900 SAT, 3000 SAT, 3200...

Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...