Markets

Bitcoin price climbed higher again after a short term correction to $9,700 against the US Dollar.The price revered losses and climbed to a new yearly high at $10,400.There is a key bullish trend line forming with support near $9,870 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to extend its rise above the $10,420 and $10,500 levels in the near term.Bitcoin price is trading in a strong uptrend above $10,000 against the US Dollar. BTC is likely to extend...

Sigma Prime’s Lighthouse project just unveiled an Ethereum 2.0 testnet it hopes will be capable of handling 100,000 validators. Sigma Prime is ready to stress test the Ethereum 2.0 client before it goes public. Paul Hauner, a lead developer for Lighthouse, posted a video unveiling the ETH2.0 testnet on Twitter this week. In a reply thread on the original video, Hauner says the testnet will be playing with 3.2 million “pretend ETH” (or a little under $800 million worth of simulated...

The price of bitcoin jumped on Tuesday after Jerome Powell stressed that the Fed is investing a significant amount into digital currency developments. Adding fuel to the fire, Powell also acknowledged how quickly crypto could become a systemic risk to the USD. China’s “Belt and Road” initiative is expected to roll out a digital currency very soon, and the Fed Char was clear that the U.S. was doing its best to keep pace. An otherwise dull testimony from Federal Reserve...

It looks like that $10,000 spike bitcoin has incurred was something of a fluke. The currency has suddenly fallen below the $10K level and is now trading at just above $9,800.Why Is Bitcoin Suddenly Falling?Was it possible the jump came too fast? Could the world’s number one cryptocurrency by market cap have suddenly run out of steam, or is this simply a small break in a continued period of ascension?Joe DiPasquale – the CEO of hedge fund manager Bit Bull Capital – states that the...

Tezos (XTZ) price is up more than 100% since the beginning of 2020. It’s one of the best performing cryptocurrencies and has managed to enter the top 10 projects by market-cap as its market capitalization reached upwards of $1.9 billion.However, given the notorious history of most existing cryptocurrencies, people remain somewhat hesitant of what Tezos brings and whether or not it’s just another coin with little to no value. Well-known cryptocurrency commentator Alex Saunders commented on the...

Google Cloud has become a new partner of Hedera Hashgraph. Now they will cooperate to give a significant bump to the Distributed Ledger Technology (DLT).As it is known from the recent reports, Hedera Hashgraph is actively working on Distributed Ledger to boost the finance industry.  Now it has chosen Google Cloud as its new reliable partner to move forward in this direction. The digital economy evolves as the developers from DLT camp present new challenges and answers to the public. DLT is...

Tesla has been ramping up installations of its solar tiles roofs (Solarglass) in the United States as it is planning to venture new markets in Europe and also in China.Tesla has been installing its new solar tile roofs alias Solarglass in the San Francisco Bay area to its customers since it launched the program in October last year. According to the Company’s CEO Elon Musk through a series of tweets, the company is looking for new markets in Europe and also in China.Europe & China timing...

Tesla(TSLA) stock has been witnessing wild trading over the last days as the company announces its decision to resume the production at its Shanghai gigafactory after the delay due to the coronavirus outbreak.Tesla (TSLA) stock has been on the radar of the investors after its massive price surge this year. So far, since the beginning of 2020, the Tesla stock has surged over 90% taking the company valuations close to $150 billion.After an unprecedented surge to $965 levels last week, the stock...

The Airbus stock price is rising, and the only danger seems to be the coronavirus attack that has a negative influence on businesses. The company has recently shown its new plane, possibly revolutionary and certainly stylish.Airbus has proudly presented a new type of plane on several air shows. The new plane has blended wing body design, which is a rare thing. Also, it’s a stylish thing which emits 20% less carbon than other similar models.The project’s codename is Maveric, it’s a 10.5 feet...

The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus has spread in a dozen other countries across the globe, raising a red alert to investors who are wary of the likelihood of an economic recession.As a result of the coronavirus outbreak, big investment...