Tag Archives: News

With China set to release its new digital version of the yuan, the country’s national fiat currency, the U.S. has sworn to boost its technology and artificial intelligence spending to ensure it’s able to counter the nation’s attempts and keep itself in a competitive position.China Could Be Pushing the U.S.’s ButtonsThis could mean working harder to ensure a digital currency for the U.S. As it stands, things like Libra and even bitcoin (BTC) have regulators on edge and split right down the...

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...

It is expected that within the next 6 months, JPMorgan will officially announce the merge of its blockchain system Quorum with that of ConsenSys. The companies are in talks now.JPMorgan Chase & Co, one of the largest banks in the United States by assets, is considering merging its blockchain unit Quorum with Brooklyn based startup ConsenSys. This is according to a post on Reuters posted on February 11 analyzing the deal and its possible outcome.According to the post, the deal is likely to...

The production for the Bitcoin price movements after the halving has been updated. PlanB has explained how BTC price can reach $100,000 in 2021.Bitcoin price started by gaining considerably. A few days ago, the flagship token surged past the $10,000 level before correcting to settle in the upper $9,000s levels. That dip has made some commentators predict that the price will drop below the current yearly lows.But, the author of the most popularly-cited BTC price prediction models, PlanB,...

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...

Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price?Famous trader Tom Lee makes yet another huge prediction regarding the Bitcoin price. This time, he claims that Bitcoin will reach 40,000 even before the Dow index does. Dow currently trades at 29,280. He thinks that, till August 2020, Bitcoin will cost at least 20,000, and then it...

Monzo CEO Tom Blomfield believes that big traditional banks are killing the changes that ambitious companies are trying to bring to the fintech industry.The CEO and co-founder of Monzo Bank Ltd, a financial institution based in the United Kingdom, Tom Blomfield, has stated that big banks are set up to prevent fintech change. He also claimed that they are hunting out change and attempting to kill it.The British fintech entrepreneur does not believe big banks will ever experience a digital...

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...

More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking for bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus.Approximately 300 Chinese companies are in search of bank loans amid rising concerns on the coronavirus spread.The total of loans banks are asking for is around 57.4 billion yuan ($8.2 billion).The sources told Reuters that the government has totally...

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...