Crypto news

Oh, President Maduro… You just can’t seem to take a hint. Why do you continue to push a currency that has yet to serve any serious purpose?Maduro To Force Planes to Use the PetroIn his latest chant of “the Petro is da bomb,” Venezuelan President Nicolas Maduro is going out on a limb and claiming that all Venezuelan airlines flying from the nation’s capital of Caracas must purchase their fuel using Petro funds.In a speech to the ruling Constituent Assembly, Maduro announced the following:I...

Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days.It’s worth noting, however, that this time altcoins did a great job following. All of the top 20 cryptocurrency projects are trading in the green, with some marking more than notable gains. Bitcoin SV,...

As the demands for longer-dated, risk-free securities among institutional investors have always been high, the Treasury will start issuing 20-year bonds. Securities that offer some nominal yield, amid $11 trillion of global debt with negative rates. While Japanese officials are thinking about a much longer 50-year security, the U.S. officials turned this idea down in their announcement.“The 20-year bond fits more easily into the existing market structure. This is a way of taking advantage of...

As the legal tussle between the United States Securities and Exchange Commission (SEC) and Telegram rages on, new information has come to light. In a recent filing by the SEC at the District Court for the Southern District of New York, the Commission has again come down hard on Telegram with a few revelations.SEC Says Telegram Described GRAM as a Security New FilingIn a new document filed on Wednesday the 15th of January, the SEC claims that Telegram’s plan was for the Gram token to be...

Following this week’s triumphant Bitcoin rally, it seems that dozens of altcoins have been seeing significant price jumps. And today, it would seem that Ethereum Classic has jumped on the bandwagon too.In fact, ETC has seen a huge surge of about 40% over the course of the last 24 hours and as of today, Friday, January 17th, 2020, is sitting in around $11.6. ETC/USD. Source: TradingViewThat’s a 280% increase after ETC hit its lowest price of $3.50 at the end of last year.The popular opinion is...

Ethereum, the number 2-biggest crypto with a recent market value of $18 billion, gained ground after a brief retreat on Thursday. The coin gained more than 3% daily and 2.8% since early Friday. The ETH/USD attempted to surpass $175.00 but the move proved unsustainable and the currency plunged beneath the $170.00 price level while investors ride on positive sentiment.The major considerations why Ethereum could not improve to service the developing market was because it did duplicate Bitcoin‘s...

There are several theories that can explain the current bitcoin pump. The revelation that Grayscale raked in close to $200 million in Q4 investments may explain why the cryptocurrency bottomed out in December. New investments must keep flowing in or there’s a chance that BTC drops all the way down to $5,000. Bitcoin recorded another fresh 2020 high Friday as it climbed to $9,000. There are different theories as to why the number one cryptocurrency suddenly came back...

Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960 (provided by a bearish .786 Fibonacci Retracement level). This price surge puts Bitcoin on a strong bullish footing as the cryptocurrency gears itself to...

Japanese multinational conglomerate Toshiba Corp. claims that it currently has a new algorithm that makes computing faster than available options. According to the company, the technology is much faster than any supercomputer anywhere.The Toshiba AlgorithmToshiba says that the new technology is not a quantum computer. However, it was specifically created to operate with the underlying methods a quantum computer employs. Quantum computers, however, have a setback – there aren’t a lot of...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...