Crypto news

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Cryptocurrencies keep growing after a small correction but the buyers have yet failed to break out the key resistance levels. That is why another bearish attempt to develop a descending correction is not to be excluded without a renewal of the local minimums, and only after that the prices of the...

Jae Kwon, co-founder, and CEO of Tendermint and president of the Interchain Foundation revealed in a series of tweets late Tuesday that he will step down from his role at Cosmos to work on a daughter project. Tendermint is the company that’s behind the development of the Cosmos SDK.Cosmos Network was launched in March 2019 to act as the internet of blockchain. The project claims it provides a secure and scalable ecosystem that supports interoperability between thousands of blockchains for a...

Apple is already off to a great start this year. Yesterday, Apple released a report for the fiscal first quarter. According to the report, the new iPhone 11 brought in good fortunes for the company in revenue and beat expectations analysts provided.iPhone 11 in Apple First Quarter ReportApple says that revenue from iPhones alone account for $56 billion, with the iPhone 11 accounting significantly. The number is an additional $22.64 billion from iPhone sales in the fourth quarter which totaled...

Tron CEO Justin Sun is on his way to help the people of Wuhan province with a box of face-masks. The founder continues to live up to his reputation for capitalizing on any opportunity to advance his own cause. The real beneficiaries here are Tron and Justin Sun himself, who knows the value of a well-timed tweet. Tron: When you give to the needy, don’t announce it with trumpets. So says Matthew 6:2, and if anyone in the cryptocurrency space should take heed of those...

Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared U.S. presidential candidate says the future of the cryptocurrency space lies with altcoins. Bitcoin (BTC) is the hotmail of the cryptocurrency world. That’s according to altcoin king, and self-declared U.S. presidential candidate, John McAfee. Bitcoin Is Sh*tcoin, Not Altcoins...

Tesla has had a great year already and most forecasts on the electric vehicle company’s stock are bullish. Tesla will publish its quarterly earnings report later today and the anticipation is already high. As the market waits, CNBC’s Jim Cramer has said that Tesla has no choice but to impress the market with its report or its value will tumble.Tesla Earnings Report Must Be SatisfactoryAccording to Cramer who hosts CNBC’s Mad Money, Tesla’s current fortunes could very quickly change for the...

Saudi Aramco Energy Ventures invested $5 million into Vakt shares, and its trading subsidiary Aramco Trading Company will start using the Vakt platform, according to a press release.That way, Saudi Aramco joins the current Vakt shareholder base of 12 investors. Among them are some of the world’s largest energy and commodity trading players. This investment will help Vakt in platform development and possibly expand to new markets in Asia.This is particularly big for Vakt. Mostly because such a...

The effects of the coronavirus as it continues to spread might very well crash the global economy. The virus is already biting hard into financial markets and several businesses worldwide. However, things could very easily get a lot worse. According to former Morgan Stanley Asia chairman Stephen Roach, the coronavirus epidemic could very well lead to a global recession.Coronavirus Might Cause RecessionSpeaking to CNBC’s Trading Nation on Monday, Roach expressed fears that the outbreak could...

Santa Clara-based multinational semiconductor company, Advanced Micro Devices Inc (AMD) first-quarter estimate of revenue has raised a lot of eyebrows as it came in far below the estimates of analysts. Such a situation is a result of declining demand from gaming console makers despite its data center and PC chips business tracking a revival in the chip industry. It has become known from the reports of January 28, 2020.AMD saw its stock price decline as much as 4% after the company announced...

XRP increased by 2.5% over the past 24 hours of trading, bringing the price up to $0.238.Against BTC, XRP has suffered heavily after dropping beneath 2600 SAT to approach the January lows at 2525 SAT.The latest price increase is mostly a result of BTC surging back above $9,000.Key Support & Resistance LevelsXRP/USDSupport: $0.234, $0.218, $0.20. Resistance: $0.245, $0.25, $0.26.XRP/BTC:Support: 2525 SAT, 2455 SAT, 2423 SAT.Resistance: 2600 SAT, 2710 SAT, 2800 SAT.XRP/USD: XRP Rebounds...