Crypto news

Volvo Group after negotiations has decided to sell its Japanese trucking unit UD Trucks for the total sum of 250 billion yen ($1.3 billion) to Isuzu Motors Ltd. Sources indicate that the deal was consummated after a series of talks that saw the current transaction structure emerge. The two rival global automakers will also move ahead as allies rather than as rivals in what seems as a consolidation of their positions for mutual benefit.Based in Saitama, Japan, UD Trucks was sold to Volvo after...

Adyen, an outstanding payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments, has partnered with the global fast-food chain McDonald’s. Within Adyen’s deal with McDonald’s, the latter will use the Adyen platform to receive and process payments made in McDonald’s mobile app.As Bloomberg has reported, in the future, this option will be available globally. The UK will be the first country with this initiative implemented in the first quarter of...

The head of Tron Foundation Justin Sun publicly announced on Wednesday that he is going to grant $1 million to the young Swedish activist Greta Thunberg’s attempts to raise global awareness of climate change.Sun’s announcement came as a response to last week’s COP25 UN climate conference in Madrid that ended with no deal on carbon markets. The negotiations are postponed until next year when countries will have to come up with more ambitious goals to cut greenhouse gas emissions, in order to...

While it may sound like a marketing gimmick or a play on words, two founders behind blockchain startup Alchemy believe that their two-year-old startup might become the “Microsoft” of blockchain technology. In a series of serendipitous events, the founders Nikil Viswanathan and Joe Lau (who are both Stanford graduates) have been able to raise about $15 million from several investors that include billionaire Charles Schwab, Reid Hoffman who is LinkedIn’s co-founder, Stanford University and...

XRP dropped by a precipitous 18% this week, causing it to drop beneath $0.20 to reach $0.1830.Against BTC, the coin finally broke beneath the 3000 SAT support after weeks of struggling to hold the area.This latest price drop has caused XRP to create fresh multi-year lows not seen since December 2017.Key Support & Resistance LevelsXRP/USDSupport:  $0.181, $0.17, $0.167. Resistance: $0.185, $0.19, $0.20.XRP/BTC:Support: 2710 SAT, 2530 SAT, 2455 SAT.Resistance: 2752 SAT, 2900 SAT, 3000...

Bill Gates, one of the world’s most popular people and Microsoft co-founder, has something in common with the company’s CEO Satya Nadella. Can you guess what it is (if not to take the company that unites them)? It has appeared that they both like books.Bll Gates is known to be one of the world’s richest man especially. Though now this status belongs to Amazon founder Jeff Bezos, Gates had managed to take over Jeff Bezos some weeks earlier. But his popularity isn’t all about his money. If it...

As the global automobile industry is undergoing a transitional change, two big auto giants have announced a merger. On Wednesday, December 18, automobile giants Fiat Chrysler and Peugeot maker PSA revealed a massive $50 billion merger.With the auto industry eyeing a massive shift towards electronic vehicles, manufacturers are facing the heat of rising infrastructure costs. To alleviate these concerns, and move ahead confidently with new innovation, these companies have now joined hands. As a...

In what has been seen by many as a travesty of sorts, major cryptocurrency equipment manufacturer Canaan Creative has seen its stock decline sharply in the past 17 out of 21 trading sessions. Sources indicate that Canaan’s stock hasn’t fared well as many would have hoped. Just to remind you, the company at its IPO was valued at $1.3 billion. The company’s stock has lost about 35% of its value this week. Since the late November shares have tumbled indicating that the company wasn’t as valuable...

Bitcoin and most altcoins have marked a few consecutive days of negative price action. In a recent poll regarding Bitcoins’s potential bottom, over 70% of voters said that it would be below $6,000. Additionally, the Fear and Greed Index is dropping daily, further confirming the negative sentiment among the community.Where Will Bitcoin Bottom?One of the most prominent cryptocurrency analysts conducted a Twitter poll regarding Bitcoin’s bottom. The community had four options to choose from,...

Recently, Ethereum has been deliberately following Bitcoin‘s price activity, which generally shows a selling sentiment.Both BTC and ETH are currently exchanging at critical support levels, and any more shortcomings in the short term could lead to huge capitulation selling, which could lead to a drop in the cryptocurrency.Analyzing Ethereum, experts note that the basic level of support is $140 and that a break below this level is leading to a fall in ETH by more than 30% and focus may be on...