Crypto news

Bitcoin and the entire crypto markets arena are in chaos currently after an abrupt drop in Bitcoin network’s hash rate that resulted in heavy losses on September 24. Some analysts also believe that eh recent drops are as a result of a disappointing launch of the much-anticipated Bakkt platform.On that day, Bitcoin price dropped sharply, losing up to 15% of its value in hours confirming a bearish reversal. All that happened as investors focused on Bakkt’s low Bitcoin trading volume and it...

Peloton Interactive Inc., a fitness company popular for its engaging workout routines run on its exercise equipment, has announced on Wednesday, its decision to fix its share price at $29 each, for its initial public offering (IPO). The company’s press release announces that the public offering will begin today September 26 with the “PTON” ticker code and will offer 40 million shares of its Class A common stock.Peloton is looking to raise $1.16 billion with a minimum of $8 billion as the...

The bitcoin price (BTC) has fallen by more than 15 percent in the past three days but traders see a bottom further down below.The bitcoin price (BTC) abruptly dropped by 15 percent and traders anticipate a deeper pullback (source: coinmarketcap.com)Many traders anticipated the bitcoin price to briefly recover to the $9,000 region which has turned into resistance following the steep drop of BTC. Bitcoin is still hovering at $8,400, struggling to rebound to key resistance levels.Where are the...

Everybody is aware of the scandals that undermined trust in the social networking giant Facebook. According to Mark Zuckerberg, the company didn’t pay proper attention to protecting privacy, that’s why the company had to deal with the consequences of data leak and the spread of fake news. To fix this, Facebook’s CEO is all set to make everything, including Libra, right.Speaking in an interview with Asia-based news outlet Nikkei, Mark Zuckerberg said:“In the last few years, there are a lot of...

Photo: The Amazon blogAmazon yesterday unveiled quite a lot of new updates to the Echo and a few new addons as well. A few new commands to Alexa were also featured and the new option of having a celebrity voice came on as well.Amazon outdid themselves this time with more versions of Echo than you’d expect. Another interesting feature is the echo show which functions as more like a glowing orb which changes colors according to the beat of any music playing in the background. This among other...

Just a couple of days ago, Bitcoin plunged to $8,000, losing $1,500 of its USD value in less than an hour. This marked a severe drop of around 14% and had quite a lot of people worried about whether the bullish trend of 2019 has reversed. A closer look at the state of the network, however, as well as the long-term movement of the price reveals that everything might be just fine.Bitcoin Transactions At All-Time HighWith the latest developments in Bitcoin’s price, the community started to...

While there are hundreds of scams, some large and some small ones – a few grand ones have shaken the very collective psyche of the crypto community. Remember BitConnect that ran a scam lending program and cheated thousands of its customers?The company and its founders are still fighting multiple lawsuits. Or Pincoin and iFan, the Vietnamese project that raised more than $650 million and then went bust? How about OneCoin that turned out to be a Ponzi scheme with authorities recovering more...

As we reported on Wednesday, proceedings for an official impeachment enquiry against U.S. President Donald Trump, was announced by Nancy Pelosi, the Speaker of the House of Representatives, shocking the entire country and the world at large. When this news spread, a lot of people considered what possible effects the situation could have both for the U.S. Stock Market as well as the prolonged trade tensions with China. Now, it would seem that fears have been allayed a bit, as the stock market...

Foto: Facebook Zürich Seit 2016 unterhält Facebook eine Niederlassung in Zürich. Die derzeit 80 Mitarbeiter dort arbeiten vor allem in den Bereichen „Augmented & Virtual Reality“. Nun will Facebook in Zürich deutlich expandieren. Die Mitarbeiterzahl soll sich mehr als verdoppeln und man will dort nun vermehrt auch im Vertrieb tätig sein. Das teilte Tino Krause, der Chef...

Litecoin price declined heavily and broke the $62.00 support area against the US Dollar.LTC price is traded towards the $50.00 support area and it is currently consolidating losses.There was a break below a major bullish trend line with support near $71.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face resistance near $60.00 or $62.80.Litecoin price is trading in a bearish zone against the US Dollar and bitcoin. LTC...