Crypto news

Bitcoin’s move below support of $7,800 after a month of consolidation gave bears and critics ammunition to cheer. Some are even claiming that the king of cryptocurrencies is dead just in time for the spooky season. Finance Twitter influencer called the death of bitcoin. | Source: TwitterBitcoin haters can make all the noise they want but the number one cryptocurrency is not going anywhere. It might go on another selloff but it will eventually regain its bullish composure. One crypto...

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

After a few weeks of sideways action, Bitcoin experienced a severe price plunge yesterday, resulting in the lowest price since May this year. The trading volume picked up with the rising volatility. Binance Futures Exchange seemingly caught the tide, and the volume reached its all-time high.Binance Futures Volume ImprovingBack in September, Binance announced the acquisition of a futures exchange. Shortly after, the company launched Binance Futures, allowing traders to use a leverage of up to...

In what has been seen by many to be a gutsy move Facebook is set to create a separate tab on users’ timelines for news which will be driven by content from major news organizations. Sources indicate that as early as tomorrow the tab will be available on users’ timelines and that the news will come from high authority websites that are owned by major news organizations.This new initiative is just what Mark Zuckerberg previewed during his testimony. “Later in this week we actually have a big...

Tech-giant Microsoft released its earnings report from their first quarter on Wednesday but MSFT stock hasn’t shown any bigger movements. At the time of writing, however, the stock in premarket went up by 0.64% to $137.24.The results were better-than-expected meaning earnings came to $1.38 per share, excluding certain items. Analysts expected $1.25 per share. Revenue was $33.06 billion that was slightly more than analysts’ expectations of $32.23.Revenue grew 14% in the first quarter of...

Revolut, the popular fintech startup and challenger bank based in London, has announced that it will be officially expanding its services to Singapore, allowing citizens to enjoy numerous options already being used by the company’s customers in Europe. This news follows a long period of beta testing in Singapore where Revolut already has about 30,000 customers.Now, all residents in Singapore can easily open an account online and take advantage of Revolut’s travel debit card which now supports...

The stock of Boeing (BA) rallied 3.5% on Wednesday closing at $340.50 after the company announced its Q3 2019 earnings. However, the share price movement is not in accordance with the dismal performance shown by the company as it falls short of the Wall Street expectations by a huge margin.The Chicago-based airline manufacturer saw a 51% drop in net income. Boeing reported a net income of $1.17 billion in Q3 2019 with the per-share profit shrinking to $1.45 against $2.09 expected by the...

American retail giant Amazon has made a new acquisition: the company purchased Health Navigator, a company focused on developing APIs for online health services and providing evidence-based digital health information content. The sum of the deal is not yet clear.According to Amazon, Health Navigator will join the membership of the Amazon Care group, a pilot healthcare service program for Amazon employees launched in September that delivers prescriptions with remotely communicated treatment...

Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes to hit a low of $7,500.Bitcoin price reached the lowest level since June 10 as recorded by Bitstamp. After showing mild signs of an upward trend above $8,000, the leading digital token...

According to Tesla CEO Elon Musk, there’s a good enough chance that the company could grant limited access for some of its customers to a “feature complete” product which will have full self-driving (FSD) capabilities, before the end of 2019. Musk, during a Tesla earnings call yesterday, suggested that it would be a type of beta test, carefully carried out to further the company’s move on autonomous capabilities. He, however, added that the release is “not for sure” and even though it...