Tag Archives: News

Ever since cryptos came into existence a decade ago, a lot has changed in the financial world. Many crypto proponents suggested a while back that digital currencies will soon take over the world. They said that cryptos will eventually render fiat currencies obsolete. However, new studies show that cash is unlikely to disappear ‘anytime soon.’Although there is declining use of cash as a payment method and the cryptos are surging, Deutsche Bank is convinced that money is here to stay. The...

The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...

Experienced economist Jeffrey Tucker says Ripple’s XRP might decline to absolute zero in the near future, or even rise, in the most improbable of circumstances, to a price of one million dollars.XRP has continued its steady decline since the close of last year and shows little sign of shaking off resistance levels. The third biggest cryptocurrency has seen its bearish trend not abating, and previous predictions of the XRP price to reach $0.47 or higher before March are beginning to seem...

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has sold $400 million worth of the Amazon stock. The news has come from a filing that Jeff Bezos made with the Securities and Exchange Commission.According to the filing, Jeff Bezos retains sole voting authority over MacKenzie Bezos’ stake that stands at nearly 19.5 million Amazon shares. Notably, it is 200,000 fewer shares than MacKenzie received of their divorce. Those 200,000 shares are worth about $400 million at the current...

Tron price started a fresh increase from the $0.0158 and $0.0160 support levels against the US Dollar.TRX price is now trading nicely above the $0.0165 resistance level.There was a break above a key bearish trend line with resistance near $0.0168 on the 4-hours chart (data feed via Bitfinex).The bulls seem to be in control and they are likely eyeing a break towards the $0.0200 resistance.TRON price is trading in a decent uptrend above $0.0160 against the US Dollar, similar to bitcoin. TRX...

Ethereum price is rising again from the key $160 support area against the US Dollar.ETH price is currently trading above the $165 and $170 resistance levels.There was a break above a major bearish trend line with resistance near $160 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher towards the $178 and $185 resistance levels in the near term.Ethereum price is showing a lot of positive signs above $165 against the US Dollar. ETH/USD bulls are likely aiming...

After first announcing it back in November, Tether has released Tether Gold (XAUT), a new version of the popular cryptocurrency built atop the Ethereum blockchain.Tether and Gold: A Solid Match?The coin is backed by physical gold, and thus qualifies as a stable currency in that it is tied to something that’s known to retain its value during times of economic strife. The same goes for the “classic” or standard form of Tether, which is allegedly backed by reserves of the U.S. dollar.In...

Australia has a plan for tackling stable coins like Libra.Are Libra and Australia At It Again?Stable coin regulation will now be in the hands of Australia’s Prudential Regulatory Authority (APRA). As part of the Australian Council of Financial Regulators, the APRA has created what’s known as the Distributed Ledger Technology Working Group as a way of governing new operations and maneuvers in the industry of decentralized finance.One of the most controversial steps taken in recent years in the...

The stock market is famous for its volatility. While companies operating in one industry are on the rise, businesses in other spheres are suffering drops in prices. Currently, the world is obsessed with the rapidly spreading coronavirus that initially appeared in China. And obviously, it could not just pass by the pharmaceutical industry and such companies like Johnson & Johnson, producer of medical devices and pharmaceutical goods. Johnson & Johnson stock has seen growth last week....

As January draws to a close, the market is seriously anticipating the release of earnings reports from Apple and Facebook. Both companies, two of the world’s largest tech companies that make up the popular FAANG stocks, had a really great year in 2019. Before Wednesday when the last of these reports will be published, let’s take a look at their journey so far and what is expected.FAANG Stocks to AnticipateWhile the name comprises 5 different companies including Facebook, Apple, Amazon,...