Crypto news

Bitcoin equals digital gold, according to Bloomberg report. Altcoins set to suffer in 2020. The futures market will aid mass adoption. Bitcoin is going to boom this year. That’s the verdict, according to Bloomberg’s crypto’s outlook for 2020. Within the recently published report, Bloomberg market analyst Mike Mcglone outlines exactly how BTC can attain its 2019 high. Spoiler alert: it’s mostly to do with a correlation to gold. The bitcoin-gold relationship is on the...

It’s happened, folks. After roughly two months of waiting, bitcoin (BTC) – the world’s most powerful cryptocurrency by market cap – has jumped past the $8,000 mark.Bitcoin Is Heading for the StarsThis is not only good news, but it’s a testament to the coin’s resilience and maturity. According to Bloomberg’s 2020 crypto outlook report, bitcoin is edging its way closer to being considered “digital gold,” as many analysts and enthusiasts have referred to it over the years. While there are still...

Shares of techno giant Apple Inc. jumped to another record high on Wednesday, and have doubled over the past year. The company’s report on its app store sales said that App Store sales reached $1.42 billion between Christmas Eve and New Year Eve.This represents a 16% increase from the same holiday-season period a year ago. Just on New Year’s Day, App Store customers spent a record of $386 million in just one day. That is 20% more than the case was last year.The App Store started with its work...

The largest electronic commerce company in South Korea Coupang Corp. is launching IPO (Initial Public Offering) in 2021. The company has declined to provide any comments on the news, but those familiar with the matter state that the information is accurate.It is notable that some consider Coupang as an unprofitable company. However, it attracts investors and expands its services. It is also seen as a strong rival by South Korea’s biggest food delivery app Woowa Brothers Corp. that sold an 87%...

Equity futures in the U.S. along with shares in European and Asian markets have begun to rise again. This is the desired response as some calm develops with the ongoing tensions between Iran and the U.S.President Donald Trump, in a speech delivered yesterday, suggested that the U.S. will be tuning down the conflict. Regardless of the somewhat repeated attacks at the U.S. embassy in Baghdad, the Trump administration seems to prefer calm to chaos.Conflict began days ago when the U.S. admitted...

Ethereum saw a small 3.5% price decline over the past 24 hours of trading as the cryptocurrency rolls over and drops beneath $140.Against BTC, ETH failed to breach the resistance at 0.0184 BTC causing it to reverse and drop quite aggressively into the 0.0175 BTC region.Ethereum remains ranked as the 2nd largest cryptocurrency with a market cap of $15.12 billion. It is still up by a total of 10% over the past fortnight.Key Support & Resistance LevelsETH/USDSupport:  $133.50, $128,...

Bitcoin’s use-case has evolved over time. Recently, the top cryptocurrency has been surging under the safe haven narrative. While both gold and bitcoin moved higher due to geopolitical risk, the cryptocurrency has significantly outperformed the precious metal. Bitcoin’s primary use-case is continuously evolving. At first, many thought the cryptocurrency would be the next generation payment method. Scaling issues and extreme volatility deterred many merchants from...

The deescalation of the situation in Iran may have triggered a round of profit taking in bitcoin. Multiple analysts remain bullish on the top cryptocurrency predicting that it won’t go any lower than $7,800. While not all analysts are boldly optimistic, one must consider that bitcoin’s corrections during bull markets tend to be shallow and short-lived. After a strong rally catalyzed by the tensions in Iran, bitcoin is starting to show signs of exhaustion. From a low...

Siam Commercial Bank (SCB) wants to develop a mobile application that runs on Ripple. The 112-year-old bank has around 16 million customers and they want to deliver “happiness and smiles” to their customers. Not really sure how a banking app can cause smiling and happiness, but SCB’s SVP of Commercial Banking, Arthit Sriumporn believes that it can be achieved by partnering with Ripple.Alright, putting jokes aside, let’s look at the results of a recent survey by PwC. They have found out that...

When it comes to the massive adoption of cryptocurrencies and blockchain-based technology, decentralized applications (DApps) are considered as one of the pathways to it. According to a recent report, 2019 has seen a serious number of new DApps coming out. More interestingly, though, TRON has managed to establish itself as the second most-used platform for developers, overtaking EOS. Yet, Ethereum remains the uncontested leader in the category.TRON Overtakes EOS For Active DAppsA recent...