Tag Archives: News

Elon Musk’s SpaceX is going to raise an impressive sum of $250 million. It will help to add around $3 billion to the company’s valuation and bring it to the level of $36 billion.SpaceX is seeking to raise $250 million. The new funds sought reportedly will be valued at $220 per share. Sources indicate that this new valuation after raising funds would be at $36 billion. This will be an increase from $33.3 billion. The funding round is expected to close in the second week of the next month....

Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.Chinese people are fighting the virus in a closed source model and many people keep their concerns regarding the coronavirus spreading. The Dow Jones Industrial Average falls, and experts claim that stagnation is coming.COVID-19 is not as deadly as some...

On February 21, the Malta Financial Service Authority made an official post about the Binance exchange office address. The cryptocurrency market received a hit.A bunch of news media was referring to Binance as to ‘Malta-based exchange’. The fact is that nobody saw that office of Binance situated in Malta. Some crypto journalists like Cryptomedication were asking people in Telegram chats for months: Where is Binance’s office? So far, cryptocurrency enthusiasts had nothing to answer.Despite the...

Bitcoin has been experiencing heightened volatility over the past few weeks, and it’s likely due to the reemergence of whales according to one source.The Whales Are Back in the PictureBitcoin whales are individuals who house several million dollars-worth of cryptocurrencies in their digital wallets. Often, they possess so much in a single account that the slightest maneuver of money could potentially cause the entire industry to suffer a shift of some kind. Usually, the cryptocurrency...

Ripple’s Xpring is allocating money for three inventors or teams seeking for a solution to XRP Ledger-Ethereum interoperability.Xpring wants to develop a ‘bridge’ between Ethereum and Ripple‘s XRP without having to transfer XRP onto ERC-20 standard. Ethereum developers have joined the bad company – Ripple welcomes all of them to build a bridge between two competing economies. Ripple is looking for a new way of operating with mainstream assets, and the move towards Ethereum is obvious. Despite...

It looks like bitcoin and crypto are gearing up to be regular, hot debate topics during this year’s U.S. presidential election.Bitcoin Is Gearing Itself UpAs we all know, Andrew Yang was originally serving as the “crypto candidate” for Democrats throughout the country. Among Yang’s plans were to alleviate some of the tension in the regulatory space by making the rules surrounding crypto activity and trades less complicated and easier to understand for normal, everyday traders.Yang, however,...

Sony, Facebook pulled out from the yearly computer games development conference due to coronavirus panic. The Dow and Treasuries drop, attracting investors to aim better at their future plans.On Thursday, the corporations have announced that they won’t attend San Francisco. Industry giants don’t want to participate in the Game Developers Conference during virus uncertainty. As per a scheduled conference in Boston called PAX East, it has a refusal from Facebook Inc. (NASDAQ: FB) to feature...

Bank of America (BoA) is the second-largest bank in the U.S. It reportedly will join RippleNet for fast and cheap cross-border payments and exclusive infrastructure. But there is still no official confirmation.Bank of America has a long history of relationships with the Ripple company. In July 2019, the bank even filed a patent claim based on the new technology: Ripple’s DLT. The institution also has a Real-Time Settlement patent, also they already ran pilot projects with Ripple.Since 2015,...

What the heck is going on with bitcoin?Bitcoin Has Fallen… Again!!Just yesterday, we reported that the currency was again above the $10,000 line, but now, it seems the currency is incurring a major drop and has fallen into the mid-$9,000 range overnight. At the time of writing, the world’s number one cryptocurrency by market cap has dropped by more than $600.And yet, there are analysts that still stand by the currency and say it’s experiencing its greatest trends in some time. Tone Vays, for...

Over the last few years, the giant stake in Apple (AAPL) stocks acquired by a prominent investor Warren Buffett has paid off significantly with more than 80% returns.Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is an investment behemoth with a great ability to select the right purchases. Regardless of the general volatility in most financial markets, Berkshire Hathaway has pulled in significant results from its investments over the last couple of years. Last year, Warren...