Crypto news

Hurricanes have been causing extensive damage to the islands of the Bahamas for millennia. The Central Bank of the Bahamas plans to pilot the first cryptocurrency in the form of Sand Dollars. Project Sand Dollars offers numerous benefits that can help individuals and businesses to recover, including having the means to quickly access finances and purchase needs after a natural disaster. Hurricanes have been ravaging the Bahamas for centuries. According to travel advice website...

Recently Bakkt announced that they had set a new daily record. They traded 1,183 contracts, respectively. One contract equals one Bitcoin, which means that the total volume was around $11 million. Also, this aligned with the recent Bitcoin price surge of 40%. This set people running back to the exchanges to grab a piece of the pie.Also, China news was a big factor in the recent surge in volume and Bitcoin price. China recently announced that they officially will embrace blockchain technology....

While this may come as a surprise to many but the less known and less trendy Pinduoduo has overtaken the upscale internet retailer JD.com both in share price and valuation. The share price rose on NASDAQ more than 12% to $39.96 giving it a market capitalization of $46 billion ahead of JD’s $45 billion. This makes Pinduoduo the 4th largest internet Chinese company whose shares are listed in another country with Meituan at $65.572 billion, Tencent at $385 billion, Alibaba at $449 billion. This...

Chinese President Xi Jinping announced support for blockchain last Thursday. The news was welcomed by the crypto community as Chinese altcoins such as NEO, TRON and Qtum skyrocketed over the weekend. Analysts believe that there’s more to the hype and speculation that powered the move of Chinese coins in their USD and BTC pairs. Chinese President Xi Jinping announced on Thursday that his country should “take the leading position in the emerging field of blockchain,” according to a...

Bitcoin isn’t just the first major decentralized cryptocurrency but also the most popular with the largest market cap and price. Bitcoin also has the largest market dominance and is currently at 68%. Most importantly, however, the king coin a few days ago spiked in a very short time jumped from its low and disappointing levels somewhere around $7,500 and kept surging until its current levels above $9,400. With the new surge, the extremely bullish Bitcoin community regained its somewhat lost...

LVMH, the French multinational luxury goods company and owner of the Louis Vuitton and Givenchy brands, has made an official offer to acquire Tiffany & Co., the popular American luxury jewelry retailer. LVMH hopes to expand its business, by taking a direct dive into the United States markets for luxury fashion items and has chosen to do this through Tifanny.According to a Bloomberg report, LVMH is offering $14.5 billion for the acquisition which was noted by certain people who are privy...

Everybody is familiar with the name of Bill Gates — an American business magnate, the founder of the world’s largest software business Microsoft, and the second richest man in the world. What is the key to his raving success and how can you receive high money if all you have is $10,000? The answer is in our article.Since the establishment of Microsoft in 1975, Gates has held several positions including those of the chairman, CEO and chief software architect. As early as 1987, he was ranked...

Photo: UnsplashLast week, while speaking at the Politburo Committee session, Chinese President Xi Jinping asked the country to double-down its efforts in the blockchain space. Xi said that having a strong foundation in blockchain technology, China should accelerate its blockchain development across multiple sectors like poverty alleviation, public services, healthcare, and others.Xi’s statements have caused a stir in the overall cryptocurrency with Chinese projects seeing a massive surge on...

Recently, on Friday, the U.S. Department of Defense (DOD) made it clear that they had chosen Microsoft over Amazon in their $10 billion cloud computing contract, also known as JEDI. With this contract, the Department of Defense will move its database to the cloud. However, this has left Amazon Web Services wondering as they were considered as leaders in the field, and the most likely winner of this contract.“We’re surprised about this conclusion. AWS is the clear leader in cloud computing,...

Blockchain company Tron is expected to reveal a partnership with a US “mega corporation” this week. Founder Justin Sun tweeted the announcement last week, hyping Tron, BitTorrent and Wink. Sun is prone to over-the-top announcements that often fail to materialize, like the infamous canceled lunch with Warren Buffett. Blockchain company Tron will reveal a partnership with a US “mega corporation” this week, according to founder Justin Sun. In typical over-the-top fashion, Sun teased...