Tag Archives: News

Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.Tesla Inc (NASDAQ: TSLA) stock is like a balance-wheel. A couple of weeks ago, shares were beating their own records several times. Then, as coronavirus was gathering speed and scale, TSLA stock plunged. Now, Tesla (TSLA) stock rises again.On Wednesday, Tesla shares ended...

To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.The concerns of the coronavirus spread are rising every-single-day and the U.S. doesn’t seem to be prepared. On Wednesday, the Department of Health and Human Services clarified that the U.S. has only about 1% and not 10% of the N95 respirator masks. Such a situation...

Litecoin price declined below the $60.00 level before it found support near $56.00 against the US Dollar.LTC price is currently correcting higher above $60.00, but it is facing a lot of hurdles.There is a major declining channel is forming with resistance near $61.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either rally towards the $68.00 level or it might restart its decline below $58.00.Litecoin price is trading near a major breakout zone against the...

The Better Business Bureau (BBB) is taking aim at cryptocurrency.The BBB Says to Watch Out for Crypto ScamsTo be specific, it is taking aim at cryptocurrency scams, which the company states are more prominent than ever. According to a statement issued by the organization, crypto scams are the second riskiest illicit ventures from late 2019 and on.One of the tasks set forth by the BBB is to report employment scams. This remains in the top spot and the thing that American workers should be the...

Bitcoin is a complicated asset, but nothing appears more complicated about bitcoin than what category it should fall into.So, What IS Bitcoin, Exactly?Everywhere you look, attorneys, regulators and other members of the crypto and financial spectrums are wondering how bitcoin should be classified. Is it a currency? It is in the sense that it can be used to purchase goods and services. The trouble is that this practice is not mainstream enough yet to really get the “currency” aspect of bitcoin...

The price of XRP has been impressive this year. However, some fear is setting in as large transactions are recorded on the XRP Ledger.Members of the XRP and Ripple community are optimistic that 2020 will be a much better year for the asset than 2019 was. Last year, XRP did not sail very smoothly and compared to other assets atop the list of the market’s largest players, it was disappointing. However, if the first two months of the year are significantly considered, XRP might have an...

After recently writing that bitcoin – as well as other assets – were potentially back on track and pulling themselves out of the doldrums, the Fed has decided to slash rates as a means of combating negative market effects from the coronavirus, resulting in further drops for both the world’s leading cryptocurrency by market cap and for various stocks.Bitcoin Now Has New Reasons for SufferingThis seems to be a running theme over the past few weeks. Bitcoin rises and falls, as do the stocks....

Come the end of this season’s 2019/2020 English Premier League edition, Watford FC and jersey sponsor crypto-led sportsbook Sportsbet.io will join hands to host the first Crypto Cup meetup at Vicarage Road, the home of Watford Football Club.For one day, the season’s closer will bring together enthusiasts, businesses, educators and developers from the blockchain world to meet, talk issues, discuss topics and of course, play a bit of football for charitable causes.With the ongoing theme always...

Google has called off its I/O Developer Conference 2020 due to COVID-19 fears. It has joined the row of other major events globally to be canceled this year.Google I/O developer conference 2020 has been canceled. This comes after Facebook also decided not to hold its F8 developer conference and Google also canceled its Cloud Next event as well. Google I/O was scheduled for May 12th to 14th, 2020. It has been canceled due to COVID-19 concerns. An e-mail was sent to attendees giving them the...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Unfortunately, the crypto market still fails to return to the phase of good growth. The assets are currently testing important support levels, and we can soon see a...