Crypto news

Bitcoin, the world’s most famous cryptocurrency continued through this fall following charges from sharp pickups the previous month, plunging nearly 40% in just hours after China’s head of state made hopeful statements about blockchain innovation.The digital money started in November at $9,131.42, before hitting $9,526.17 on November 4, after which it nosedived over 30% to a month at a monthly low of $6,524.55 on November 25.Bitcoin endured some outstanding losses a month ago, after a bearish...

Apple began the year disappointing its investors. On Thursday, January 3, Apple stock (AAPL) hit its 2019 low of $142, a 10% plunge just one day after CEO Tim Cook announced that iPhone sales had begun to decline in China. Since then, AAPL has been performing quite impressively and is now the most profitable stock on the Dow Jones Industrial Average (DIJA) as it has climbed about 70% this year alone, and hit $270.One of the factors said to be responsible for APPL’s performance is the...

The altcoin market sheds more than $2 billion in value on Tuesday. Bitcoin price approaches $7,200 on major exchanges. Volatile trading conditions follow a surprise announcement by Huobi Group that its U.S. operations are closing. Bitcoin’s gravitational pull on the wider cryptocurrency market was evident on Tuesday, as altcoins lost billions in collective value. There was no immediate catalyst for wider market selloff, though bitcoin’s inability to climb above technical resistance and...

After much foot-dragging, software giant Microsoft has finally decided to shut down its Wunderlist App come 2020. Sources indicate that Microsoft prefers its To Do as it offers a better end-user experience and be able to compete favorably with other personal organization apps that are currently in vogue and trending in app stores.Wunderlist app users will no longer be able to sync their to-do lists starting from May 6, 2020, but rather will be able to import their data into Microsoft’s To Do...

Matic drops 70% in an hour after weeks of positive gains. The cryptocurrency was up nearly 200% in two weeks before the plunge. Was it an inside job? Matic — one of the first tokens to originate upon Binance Launchpad has witnessed one of the harshest dumps in crypto history, falling a massive 66% in the space of an hour. Crypto, Twitter is screaming today. Altcoins left, right, and center are dropping like stones. Still, one cryptocurrency is hurting more than any other, Matic. On...

Switzerland-based fintech startup Amun AG is all set to offer cryptocurrency exchange-traded products (ETPs) to retail investors in the EU after it receives a regulatory nod from the Swedish Financial Supervisory Authority (SFSA).Amun made the announcement on Tuesday, December 10, after SFSA cleared a base prospectus filed by the startup. The announcement says that retail investors who have access to Germany’s Boerse Stuttgart and Swiss SIX exchanges will be eligible to trade Amun’s ETP...

Chinese crypto mining giant Bitmain has announced a few changes to its current sales methods that are geared at improving profits for the company but also making things a lot easier for its many customers. Bitmain recently lost some part of its market share as well and has decided to make these moves as a way to rectify its market recession.The announcement was made by Jihan Wu who is now Bitmain’s only chairman and CEO after the unceremonious exit of Micree Zhan recently. Speaking at an...

According to the latest reports, Amazon alleges that it lost out on a $10 billion defense contract since one person hated the company: President Donald Trump. The ‘improper pressure’ and behind-the-scenes attacks by the president harmed the company’s chances of getting this contract. The Pentagon gave the controversial cloud computing contract to Microsoft in October. Amazon appealed the decision practically immediately.In a redacted complaint from a previously filed lawsuit, Amazon explained...

In what seems like a plus for the cryptocurrency community, Dubai-based cryptocurrency exchange BTSE has decided to raise $50 million of its token come March 2020. Sources also further indicated that the exchange plans to issue a total supply of 200 million tokens in the due course of time at $1 each and then to buy them back and burn 100 million. The pitch deck for the offering reads:“Funds raised will be allocated toward user acquisition to increase overall platform revenue, platform...

Bitcoin is not only the largest digital asset in the crypto market by market cap, it’s also one of the most profitable as it has been returning consistent profits for its hodlers and investors over the years. The asset’s popularity also ensures that it’s consistently being talked about, with various price predictions and analysis posited by several analysts and strategists. One of such from Bloomberg shows that Bitcoin’s near future isn’t looking very great.Bitcoin at press time is trading...