Tag Archives: News

Bitcoin has shot past the $9,000 mark once again, but it’s still facing heavy resistance.Bitcoin Is Doing Better, but It’s Still StrugglingThe number one cryptocurrency by market cap has been struggling as of late thanks to rising fears of the coronavirus, which has spread throughout most of Asia, as well as parts of Europe and North America. More than 2,000 deaths have been recorded thus far, while tens of thousands of other individuals remain infected at the time of writing.The currency...

It was reported recently that India had removed the crypto ban it initially instilled in the year 2018. While the ban was not placed on digital assets themselves, it did place limitations on banks and financial institutions and prevented them from offering their services to crypto-based businesses.India Is Likely to Up Its InvestmentsThe Supreme Court of India has decided that this ban is unconstitutional and has thus taken the liberty of striking it down. This is a first step towards the...

South Korea is introducing its citizens to a new law that’s likely to set crypto on a very legitimate path.South Korea Initiates New Crypto LawThe law requires that South Korea obey all international financial regulations and adhere to know your customer (KYC) laws for all its digital trading platforms. This will lessen the chance of money laundering, terrorist financing and other illicit activities.South Korea, at one point, was one of the world’s biggest cryptocurrency hubs. The nation...

As crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price. However, the two groups failed to reach a consensus with Russia backing off.The rising concerns with the coronavirus spread have put the global economy in doldrums at this stage. On Friday, the OPEC and non-OPEC allies met for discussing the cutdown on oil production amidst slowing demand.Just like the stock markets, the global crude market has faced...

European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.Even though coronavirus came from Wuhan, Hubei – a China province, it seems that the country finally made its way on reducing the number of infected people. China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This is, however,...

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6,...

A power plant in upstate New York known as Greenidge Generation says it’s mining up to $50,000 in new bitcoins each day.Greenidge Has the PowerThe average number of new coins extracted through the plant – which has been using its own energy reserves to get the job done – has been 5.5. Greenidge Generation says it’s looking to potentially put the U.S. on the map as a serious crypto competitor to China, which at the time of writing, controls much of the world’s bitcoin mining power.The company...

Is Twitter about to lose Jack Dorsey?Dorsey Could Be Forced from TwitterIf that’s the case, bitcoin’s price could suddenly shoot sky high. The situation is that approximately $1 billion in Twitter stock has been purchased by Elliott Management, a Wall Street investing firm run by Republican Paul Singer. Singer has often referred to bitcoin in a negative light, and recently called it one of the most “brilliant scams in history.”However, Dorsey – as we all know – feels very differently. Aside...

India has removed its ban on cryptocurrencies.Crypto Can Find a Home in India AgainThe ban first emerged in 2018 by way of the Reserve Bank of India (RBI). The financial institution stated that cryptocurrencies were not real money in that they did not exist in physical form. In addition, governments are usually responsible for issuing new forms of money. As crypto did not come by way of a government entity, they were invalid and unfit to be used as a means of payment.However, the ban was not...

The partnership between Ripple and Coinone is spreading quite impressively and controlling a large part of the Korean international remittance market.Ripple’s efforts at changing the face of worldwide remittance have brought the company a lot of recognition. Especially as far as cryptocurrency and blockchain technology are concerned, Ripple is easily atop most other companies looking to fuse remittance with crypto. RippleNet now boasts of hundreds of partners and the company keeps spreading...