Markets

Peter Schiff trashed hodlers on Tuesday by claiming that whales are simply just offloading their bags. The gold pundit appears to be indirectly suggesting that bitcoin is the ultimate pump and dump scheme. Bitcoin is still performing excellently in 2019. Peter Schiff is one tough nut to crack. The infamous gold and silver investor is not prepared to back down from his anti bitcoin sentiment. Taking to Twitter on Tuesday Schiff told bitcoin hodlers that whales are currently in the...

The Litecoin Summit is unfolding in Las Vegas, and MimbleWimble is center stage. Litecoin is on its way to becoming a privacy coin, which for Charlie Lee is about fungibility. The privacy push is a risky one that could cost the coin exchange listings in some countries. It’s no secret that Litecoin wants to become a privacy coin. Litecoin Creator Charlie Lee made that clear when he revealed a change in direction for the project, chief among which involved partnering with a Grin...

The growing internet of things (IoT) segment hasn’t been showing any signs of weakening for now. As per IDC, 41.6 billion devices, including smartphones and smart home assistants, should be connected to the internet by the year 2025. The whole market is expected to be worth around $24.88 billion by 2022,At IoT Solutions World Congress on Monday, Microsoft announced new capabilities in its cloud computing service Azure in order to “simplify” the whole process for its customers and deliver...

The cryptosphere is generally still celebrating Bitcoin’s spike to levels above $9,500 a few days ago, after it fell more than $500, a while before that. Currently, the market seems a tad invigorated by the Bitcoin rally and there is now a lot of hope that all of the bullish forecasts that swept the sector, could actually come to pass.Not only did Bitcoin surge, but as its wont to do, it seemed to carry major altcoins along with it, with some of them shooting up to 30%. In the same vein, the...

It appears that China is waking up to blockchain, and this did to the market what Bakkt’s futures failed to. President Xi Jinping urged further adoption of blockchain-based technology, and his statement might have been one of the reasons for Bitcoin’s 40% surge over the past few days.Indeed, Bitcoin had its best week since May. It’s not the first time that statements from China have rocked the markets, although this move left most technical analysts surprised. It also saw a lot of short...

Bitcoin’s dramatic 40% move puts it closer to knocking out new yearly highs. The leading digital currency faces a critical inflection point, based on the technical indicators. A look at the daily charts reveals BTC could be primed to breach $16,000 or fall all the way back to $8,500. Bitcoin is on a roll since Friday after Chinese President Xi Jinping announced that his country would “take the leading position in the emerging field of blockchain.” The pioneer cryptocurrency surged...

[PRESS RELEASE Chiasso, October 29th, 2019]The ICO (Initial Coin Offering) of the K-Tune project, a blockchain platform for musicians, is about to begin on October 30th.The K-Tune project is a solution that allows musicians from all corners of the world to form communities and actively collaborate to create new songs. It also provides a platform for aspiring artists to become music producers. K-Tune offers a variety of useful tools that can simplify the process of music-making, including an...

In what has been seen by many as a move into the fitness sector, Alphabet Inc. parent company of Google has been in talks with fitness device manufacturer Fitbit for the prospects of acquisition. Alphabet Inc. has been eyeing the wearable fitness device for some time and this could be a culmination of the innovative company’s intentions to get a slice of the fitness pie.Sources familiar with the matter indicate that while Alphabet is already at par with other device makers in terms of devices...

MasterCard announced that it is partnering with food track-and-trace software provider Envisible. Through that partnership, the companies will create a blockchain-based supply chain platform that will enable supermarkets to trace the origin of seafood sold at Topco Associates. Topco is a $14 billion food cooperative that is based in Illinois.Envisible’s new Wholechain traceability infrastructure will be powered by Mastercard’s blockchain-based Provenance Solution service. Announced on October...

Photo: QuoteInspectorPeople who are invested in the stock market are currently counting interesting gains as there has been commendable growth in the major stock market indices. On Monday, the S&P 500 increased by 0.7% and successfully set a new record at 3,039.42, beating out the previous record of 3,027.98 which was set a few months ago on July 26.This increase was also seen elsewhere, as the Nasdaq Composite rose by 1% to hit 8,325.99, about 0.5% less than its own record highs. The...