Crypto news

Pre-orders for Apple’s new Mac Pro desktop computer officially began yesterday. The Mac Pro which was initially announced at the Apple Worldwide Developers Conference (WWDC) in June is priced at $5,999 for the desktop unit alone. Unlike many desktop computers especially with Windows, the Mac Pro’s 6k Pro Display XDR monitor is sold separately for an interesting $4,999, pushing the price of both units up to $11,000. However, this price seemingly only gets you the bare minimum and if you want...

Mark Cuban attacks bitcoin and says that the cryptocurrency has zero chance to become a reliable currency. Cuban made his billions by investing early in the internet. It would seem that the billionaire has the wrong idea on the security and value of the top cryptocurrency. Mark Cuban caught the attention of the cryptocurrency community after he criticized bitcoin in a Forbes article. The self-made billionaire said the number one cryptocurrency has “no chance” of becoming a reliable...

Tezos surged by another 20% this week, allowing it to rise to the $1.56 level.The cryptocurrency now faces very strong resistance at the 0.0002 BTC level.Tezos is now the 11th largest cryptocurrency with a market cap upwards of $1 billion.Key Support & Resistance LevelsXTZ/USDSupport:  $1.23, $1.17, $1.12, $1.00.Resistance: $1.34, $1.40, $1.47.XTZ/BTC:Support: 0.0001685 BTC, 0.000158 BTC, 0.000138 BTC, and 0.000127 BTC.Resistance:  0.0001828 BTC, 0.000195 BTC level (November 2019 highs),...

General Motors has introduced the new versions of its best-selling models the Chevrolet Tahoe and the Suburban SUVs. Sources indicate that the new versions of the popular models are larger than previous ones with a whole lot of technology and new features that combine both safety and comfort. Industry pundits have indicated that the profits made from the sales of these two models will propel the automaker to complete the self-driving cars and electric vehicles which include the 20 planned to...

WeBank, China’s first digital bank in the sphere of helping small businesses access funding needed for operations, will now provide the technical infrastructure required for the deployment of China’s national blockchain network.According to a report from state-owned Financial News media platform, WeBank will be in charge of the creation and delivery of FISCO BCOS (Be Credible, Open & Secure) open-source consortium chain, for the Blockchain-based Service Network (BSN). The BSN Development...

Napoleon AM, a France-based asset management company, has launched a new cryptocurrency fund dubbed the “Napoleon Bitcoin Fund” tied to the cash-settled Bitcoin futures offered by the Chicago Mercantile Group (CME).As per the report by French publication Les Echos, this is the country’s first fully-regulated cryptocurrency fund. Last week since December 6, the crypto fund is available for trading for France-based professional investors. Note that the fund is local to France only and cannot be...

For some time now, Japan’s banking sector has faced many challenges arising from money laundering. This problem has been in the limelight since the Financial Action Task Force found “numerous and serious deficiencies” back in 2014. Japan has long been blamed for weak measures that it has set up against money laundering and terrorism financing.In that context, the U.S. banking multinational, JPMorgan Chase & Co, is looking to launch an Interbank Information Network (IIN) in the East Asian...

Ethereum prices this year were lower in growth than Bitcoins, as the second-largest cryptocurrency this year increased less than 5%, notwithstanding BTC in spite of that maintains a staggering 95% increase since the beginning of the year, despite previous selling.In light of the successful introduction of the latest network updates in Istanbul hard fork and the growing popularity of DeFi, does catching up with ETH means a viable strategy for investors? From a macroeconomic point of view,...

Ripple has done it again when it updated its recently launched Xpring developer platform to accept two new programming languages Python and Go. The new XRP developer platform (xpring.io) allows both cryptocurrency developers and non-cryptocurrency developers to be able to create applications that run within the XRP ecosystem. The new features include customer service, a new developer-friendly wallet, technical documentation and another set of cool tools.The platform was launched in October...

Yesterday, authorities in New Jersey arrested three men for running a cryptocurrency scam called BitClub Network, which defrauded unsuspecting investors of about $722 million. The announcement was made by U.S. Attorney Craig Carpenito in an official press release from the U.S. Attorney’s Office in the District of New Jersey.Initially reported by Bloomberg, Matthew Brent Goettsche, 37, of Lafayette, Colorado and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are both facing charges of...