Crypto news

Since cryptocurrencies proved to be investing instruments able to generate returns, a lot of people currently trading stocks are thinking to add them in their portfolio. Some want to know how to get started in stocks while also diversifying using crypto to profit from both markets.Today we’re going to bust the myth claiming that cryptocurrencies are completely uncorrelated instruments and we’ll also share a few essential pieces of advice that might be useful.Risk sentiment drives them...

Litecoin decreased by around 26% over the past week, following the rest of the market and Bitcoin’s violent plunge. The cryptocurrency saw another 3% drop today which brought its price down to $55.Although the situation may be looking pretty dire against the USD, LTC is holding pretty firm against BTC as it moved sideways during the latest period of instability. Litecoin is now the sixth-largest cryptocurrency with a market cap of $3.49 billion.Since our previous Litecoin analysis, LTC has...

On July 26th, CCN reported that Crypto Twitter’s (CT) biggest bull,  Majin, has turned bearish and called for a bitcoin plunge to $7,000. Two months later, the call of the liquidity game theorist is coming to pass. As of this writing, the most dominant cryptocurrency is rapidly descending to support of $7,000. Majin was right to say that demand at $8,000 is so weak that it won’t ignite a bounce. Majin predicting the breach of $8,000 months ago. | Source: TwitterNow that we’re headed to...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

Travis Kling is the founder and chief investment officer of crypto asset management firm Ikigai. He recently went on air on CNN and gave the best description of what bitcoin is. In the interview, Mr. Kling said, Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. The on-point definition made Kling an instant celebrity in the Crypto Twitter community. Now, the crypto asset management firm CIO has dropped another bombshell. In a recent...

The blockchain-based project of IOV Labs, RSK, has announced the acquisition of Taringa. Both companies will be integrating RSK and RIF tokens into their day-to-day operations. The RSK technology on which the tokens will be based will purportedly allow peer-to-peer exchanges, decentralized applications, and content sharing.Blockchain Implementation in Social MediaTaringa reportedly has over 70 million monthly visitors and more than 17 million registered users. By entering this deal, IOV Labs...

The latest decline in Bitcoin’s price had the community discussing its future once again. Naturally, various polls have popped up asking people for their opinions on whether or not the worst is over. One such poll which received a fair amount of votes has it that we’re going lower. However, it’s worth remembering that when the majority of people think something will happen, Bitcoin often does the exact opposite. So, is the negative sentiment actually a good thing?72% Say Bitcoin’s Price Will...

Buying the dip is easier said than done. When an asset moves lower, the tendency for those who were waiting for the breakdown is to freeze and fail to press the buy button. However, Alex Mashinsky, chief executive of Celsius Network, strongly urged his followers to go out and buy the big bitcoin dip. Celsius Network CEO: ‘We Will See a Surge to New Highs’ In an August 23rd interview on CNBC, the top honcho predicted that we’ll drop to $8,000 levels before rallying back up. Start watching...

The initial public offering (IPO) for Peloton Interactive Inc., was launched yesterday with the hopes that the offering will bring much-needed growth to the company which has consistently been recording losses for a while. As we reported yesterday, Peloton announced that it will be offering 40 million shares of its Class A common stock on the Nasdaq, priced at $29 each, in an effort to raise about $1.2 billion. However, Peloton (PTON) investors ended the day disappointed as trading didn’t at...

Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over...