Crypto news

Google announced its first Stadia Games and Entertainment studio in Montréal on Thursday. Games chief Jade Raymond revealed that the new studio will focus on producing “exclusive, original content.”The Google VP explained ways in which the tiered party structure for Stadia games will develop. These “spectrum of bets” are recognized by how much they are using features that are only possible with Stadia’s cloud-based platform.She said:“We have a plan that includes building out a few different...

Ark Investment Management founder and CEO Catherine Wood commented that huge jump in Tesla’s stocks that began yesterday after the company released its earnings is just “the beginning of an eventual rise to $4,000 per share and possibly beyond.”And she might be right, because, even though the earnings were nothing special, they were still better-than-expected and at the stock ended yesterday trading with a rise of 17.67% to $299.68. However, at the time of writing, the stock was in a slight...

On October 23, a severe crypto crash struck leaving Bitcoin hovering around the $7,500 level. Many of the investors said that they never thought this kind of buying opportunity would come again. Now, market leaders believe that the Bitcoin price may slide further before regaining its upward momentum.The fundamentals also have a lot to improve on and if the commentators are right, a further drop may happen before the end of the year. Notably, the latest Bitcoin drop has taken a huge toll on...

The fall of the Bitcoin price to June lows on Wednesday may just be a harbinger of more pain to come for cryptocurrency enthusiasts and hodlers. According to the CEO of crypto merchant bank Galaxy Digital Mike Novogratz, Bitcoin could drop to below $6,500, a level last recorded in May. Bitcoin price in sideways movement with no direction yet Given that the Bitcoin price was at around $8,000 before the midweek drop, this would represent a decline of nearly 20% from Wednesday....

Binance has just completed its most recent Initial Exchange Offering (IEO) called Kava. The event brought a return of around 180% which is a shadow of what IEOs used to generate in the not so distant past. It also highlights the fact that if Binance is to keep these exchange offerings live, it needs to keep selecting quality projects in order to retain the interest of the investors and to make sure they won’t incur losses.The KAVA IEO On Binance Launchpad: 180% ROIThe Binance Launchpad just...

During the testing times for messaging giant Telegram, the investors of Gram tokens have decided to stand behind the company. As per the earlier plan, Telegram was all set to launch its Telegram Open Network (TON) Blockchain along with its native cryptocurrency.Telegram announced that soon after the launch, its investors who participated in Gram token sale year can sell them in open markets. However, in the last-minute restraining order, the U.S. SEC decided not to allow Telegram its Gram...

Lately, an American real estate company that provides shared workspaces for technology startups WeWork has been experiencing hard times. Because of the crisis, the firm abandoned its IPO plan, forfeited its CEO Adam Neumann, and found itself on the brink of bankruptcy. When WeWork gave up all hopes of survival, a Japanese multinational conglomerate SoftBank stepped in and made an attempt to save the firm with a capital infusion of about $8 billion. As we have reported, Softbank provided the...

Financial services and mobile payment company Square has just announced a new investment feature that allows users to make even the smallest investments through its Cash App. According to the San Francisco-based company, people will now be able to invest in the stock market, taking part in full shares trading for as little as $1.Via the Cash App Investing, users will have easy access to fractional investing and buy whatever fraction of any supported shares that $1 dollar (or any desired...

Amazon Inc. stock is getting battered following a downbeat earnings report.The company announced on Thursday its third-quarter net income fell to $2.1 billion on earnings per share of $4.23, which represents a pretty big fall of around 26% year over year and worse than analysts had expected.During the quarter that ended September 30, the company’s revenue rose to $70 billion, up 24% YoY but it also wasn’t enough to meet the previous estimates. At the same time, Amazon reported its cloud...

When it comes to the world of fantasy, we all know that no one cuts it like the guys at Blizzard Entertainment that is so far for now. At their BlizzCon 2019, the much-awaited Diablo 4 is expected to be announced after the free spoiler Diablo Immortal game that was released last year at the BlizzCon 2018. The disappointment indicated by the many fans of Blizzard Entertainment after the game didn’t show up in Google’s Playstore or the iOS store has led many to believe that Blizzard...