Crypto news

Bitcoin's network took an abrupt turn this month as a prior rally for bitcoin's hashrate took a swift dive down 40%. Bitcoin hashrate flash crashing down 40% | Source: Blockchain.comData from Blockchain.com shows bitcoin's hashrate flash crashing from a previous high of around 100 exahashes per second (EH/s), to a relatively lackluster 68 EH/s, in the space of 24 hours. Oscillating fluctuations of this nature are relatively common in bitcoin's hashrate -  as depicted by the chart above....

After the close of a successful deal, a third of Jack Ma’s online financial services provider, Ant Financial, is now owned and controlled by Alibaba Group Holding Ltd (BABA). The deal is more than a few years in the making as it was first proposed that both giant companies initiate much stronger collaborative efforts more than five years ago. Both companies were started by Ma.Originally starting as Alipay, Ant Financial was founded back in 2004 and by 2013, it had overtaken PayPal as the...

Photo: CTRL-labsFacebook said on September 23 that it agreed to acquire New York-based CTRL-labs. The acquired startup is creating a wristband that will let people communicate with computers using brain signals. Thus, the new device will let people control digital devices using their minds.CNBC reported that the deal is estimated to be worth around $1 billion. However, a Facebook spokesperson said that it is lower than the reported $1 billion. Andrew Bosworth, the Facebook Vice President of...

Tezos is a notable open-source project in the blockchain space, which applies decentralization to its overall model, instead of merely touting decentralization, according to Alison Mangiero, president of The Tocqueville Group (TQ Tezos).As a reminder, Tezos had gone through a very successful ICO event during the summer of 2017, raising as much as $232 million. Back then, Tezos was the ICO which raised the highest amount of funds.Decentralization On The Whole“Tezos, as a project, doesn’t just...

Tezos’ fund-raising raised successfully a record-setting $232 million in 2017. It’s is an open-source project and among the best-known blockchains.Tezos describes itself as “a self-amending blockchain” capable of representing any other protocol. Only time will tell if this is the case, as the protocol has received so far just one upgrade since launching its mainnet.We recently had the chance to speak with Tezos co-Founder and CTO of Dynamic Ledger Solutions Arthur Breitman. Tokenized...

Global retail giant Amazon (AMZN) had indicated its plans to improve its audio range of devices with a few moves which will see it be at par with the product lines of major competitors. For start, the retail giant plans to introduce earbuds which will be powered by virtual voice assistant Alexa.Codenamed “Puget” the earbuds will have an inbuilt accelerometer for motion detection, pace speed and the approximate amount of calories burned during a run.Separately, Amazon is expected to also to...

Just days after Apple announced its gaming-service Apple Arcade, Google too throws its hat in the ring by announcing Google Play Pass on its Android operating system. The Google Play Pass is a subscription-based service providing users access to 350 plus premium mobile apps and games.Moreover, users subscribing to the Play Pass service will get apps and games completely free of ads, in-app purchases or upfront payments. On a trial basis, the service is free for the first...

When Bakkt was first announced last year, the entire crypto community welcomed it as a great addition to the sector, hoping that it will have enough power to propel the industry considerably higher. However, even though many think it’s still a little too soon to judge, the first day of Bakkt’s launch has not exactly been encouraging as the overall market has dropped in valuation in response to Bakkt’s weak first day.After the first hour, Bakkt recorded only about five contracts and even 9...

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People's Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead...

Tron price climbed higher above $0.0180 before starting a downside correction against the US Dollar.TRX price is currently trading below $0.0170 and it is trading near a crucial support area.There is a key bullish trend line forming with support near $0.0158 on the 4-hours chart (data feed via Bitfinex).The price could either breakdown below $0.0155 or it might start a fresh increase above $0.0165.TRON price is currently trading near important supports against the US Dollar and bitcoin. TRX...