Crypto news

Boeing released several internal messages with company employees expressing their unease with the 737 Max. They discussed the problems existing in the flight simulators used to train pilots on the new jetliner while attempting to avoid extensive regulatory scrutiny of the plane. One company pilot told their colleague in 2016:“This airplane is designed by clowns, who, in turn, are supervised by monkeys.”The company had already given the documents to lawmakers with the U.S. Federal Aviation...

If there’s one thing that is absolutely sure about the general Bitcoin community, it’s the bullishness. BitPay Chief Commercial Officer Sonny Singh has now added to this bullishness with a $20,000 Bitcoin prediction for 2020. Singh has joined a long list of industry enthusiasts who believe the sky is only the beginning for the world’s king coin.$20,000 Prediction for Bitcoin in 2020In a recent conversation with Bloomberg’s Taylor Riggs which took place on Wednesday, Singh spoke quite...

Bitcoin is more fairly distributed than altcoins. Cardano may be dangerously centralized. Whales are still a significant issue for BTC. When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins. Tracking numerous cryptocurrency addresses holding more than 1% of the supply of...

Kik, a Canadian company behind a freeware instant messaging mobile app, has long been involved in a battle with the U.S. Securities and Exchange Commission (SEC) over the enforcement action against Kin token offering in 2017. Now Kik requires trial with the SEC in order to put a legal end to this story.On Thursday, the SEC updated the status of the case and provided a schedule for further proceedings. According to the document, yesterday, on January 9, the parties took a total of 11...

XRP, directly the third-biggest crypto with an ongoing market capitalization of $8.8 billion, has plunged about 2% of its price, trading at $0.2000 at the hour of writing. The crypto reversed from the price level at $0.2255 arrived earlier this week, after announcing that Binance had added the token to the list of cryptos accessible for futures trading, with leverage up to x75.Also, in an ongoing discharge, Alloy Networks reported a completely independent token electrical transfer board. The...

Social platform Little Red Book is seeking a $6 billion valuation. The platform is reportedly in talks with investors to raise between $400 million and $500 million. It’s also worth mentioning that it has the backing of internet giants Alibaba and Tencent holdings.Xiaohongshu which means “little red book” has tried to release its app before now. The startup though has indicated that the app will be available for download to about 300 million users in app stores from July this year. It is also...

2020 could quite easily be a great year for FAAMNG stocks if things continue the way they currently are. FAAMNG comprises Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX), and Google’s parent company Alphabet (GOOG and GOOGL). These are the biggest tech and internet stocks in the world.FAAMNG Stocks in 2020A publication from The Arora Report shows the current money flow into these companies via their stocks. Dividing each stock into several data points, the table...

While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough.No CBDC in AustraliaThe Reserve Bank of Australia (RBA) has been exploring the potential need of a “digital Australian dollar,” but it has concluded that there’s currently no need for...

Recently, there appeared reports stating that American food delivery giant Grubhub is in talks with Walmart, Kroger, Albertsons, and Ahold-Delhaize. Some have rumored that the companies may acquire the leading food ordering and delivery company. The discussions around the news became even hotter after the comments of Brittain Ladd, ex-Amazon executive, and supply-chain consultant.Ladd said:“I have spoken with executives from each company (especially Walmart) and there is interest in acquiring...

The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances.Smart Contracts Admissible In CourtOne of the biggest challenges in front of regulators when it comes to crafting legislation for the cryptocurrency field is definitions. The SEC, for instance, has been struggling for quite some time before stating that...