Tag Archives: News

DeFi not only attracts major talent and interest but also large sums of money in the form of digital assets. The number of companies in this sphere is constantly growing but let’s look at the most prominent of them.There’s no time like the present to talk about DeFi.Short for “decentralized finance,” this buzzword simply refers to making conventional financial services (like loans or credit) available via cryptocurrency and blockchain technology. It’s a niche within the cryptocurrency niche,...

According to Ark Invest, if Tesla lands the self-driving option in the right way, it can soon launch an autonomous taxi service (robotaxis). As a result, the TSLA stock value may increase drastically and Tesla could hit $6 trillion by 2024.The leading electric car manufacturer Tesla has been experiencing rapid ups and downs in stock price lately. After a recent jump and reaching a new record of $961, TSLA stock crashed. However, some believe Tesla can save its situation. Besides, in four...

Bitcoin price shot 4% on Thursday to surpass $9800 levels along with a sudden spike in the Open Interest. The community is enthusiastic about the upcoming Bitcoin halving event, however, the coronavirus outbreak in China is severely hurting the region’s mining business.In the last three days since February 5, Bitcoin price has added over $500 to its price taking it closer to $10,000 levels. On Thursday, February 6, BTC price surged above $9800 with nearly 4% gains. Moreover, with this move,...

Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.United States Federal Reserve is researching the opportunities that central banks may get issuing their digital currencies. It was revealed by Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.According to her, the digitalization of payments could be beneficial, but at the...

Bitcoin cash price rallied more than 10% and it broke the key $400 barrier against the US Dollar.The price traded as high as $459 and it is currently consolidating gains.There is a short term ascending channel forming with support near $435 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains well bid above the $435 and $420 levels in the near term.Bitcoin cash price is showing a lot of positive signs above $420 against the US Dollar. BCH/USD seems to be aiming...

While a digital asset may look like a security at first, it could potentially become decentralized enough in the following years to no longer resemble a security. Bearing this principle in mind, SEC commissioner Hester Peirce has proposed a safe harbor period for token sales.The official at the Securities and Exchange Commission (SEC) Hester Peirce, named “CryptoMom” by the crypto community, suggested a so-called ‘safe harbor’ for all upcoming token projects. Her opinion is that this could...

A man has pled guilty to trading bitcoin for illegal drugs. 32-year-old Paul Johnson of Leicestershire in the United Kingdom will now likely face jail time for his actions.Paul Johnson: Pay with BTC for Your DrugsCrypto-based crime is rather common throughout the industry, and if bitcoin and digital assets are ever to attain legitimate and mainstream status, their association with the dark web and illicit activity will have to end. Unfortunately, there are too many individuals out there that...

Wealth manager Andy Edstrom has predicted that bitcoin will reach $400,000 by the year 2030, thereby bringing bitcoin’s total market cap to approximately $8 trillion and making it one of the most valuable assets across the globe.Edstrom: BTC Will Incur a Mega Spike in Ten YearsEdstrom works with a California-based investment platform known as WESCAP. In a recent interview, he stated he’s “pretty bullish” on bitcoin and thinks that the currency could reach the stars in roughly ten years. He...

After all this talk of a potential pullback, after all the chatter and discussions involving death crosses and failed attempts at pushing past present resistance, bitcoin has, once again, impressed us all and added another $500 to its price overnight, thereby bringing its present figure past the $9,600 mark.Bitcoin Fires Past Previous ResistanceYesterday, it was reported that stocks and altcoins were moving ahead, while bitcoin was undergoing a period of light struggle. The currency had...

The Tron cryptocurrency head Justin Sun and Berkshire Hathaway’s Warren Buffett got dinner together, this time without major announcements.Justin Sun has finally met the legend of Western Business. According to Justin’s Twitter, he had a charity dinner with one of the most famous business sharks in the world. Every year since 2000 Warren Buffett is auctioning one dinner with himself to help out the poor.Justin Sun of TRON Foundation was the man who pledged the biggest sum only to have the...