Tag Archives: News

Virgil Griffith – the Ethereum research scientist who gave a seminar in North Korea despite lacking permission from the United States government – has been formally indicted and is awaiting trial.Griffith Is Set to Face ChargesGriffith has been charged with assisting a nuclear state and an enemy of the U.S. in learning about how to utilize blockchain and cryptocurrency against American authorities. He is also facing charges for violating the International Emergency Economic Powers...

At the time of writing, bitcoin (BTC) – the number one cryptocurrency by market cap – is trading above $8,100, suggesting that its latest bull run still has some steam behind it.Bitcoin Is Still Hitting the TopYesterday, there was concern that perhaps things had either come to an end or were slowing down given that the currency was meandering between $7,900 and $8,000. This occurred for roughly two days, which made several analysts think that bitcoin had reached its peak considerably earlier...

The owner of popular Fortune magazine, Chatchaval Jiaravanon, plans to do a lot more in the fintech sector, through acquisitions. Jiaravanon, who also has a fintech startup called Lightnet, believes that acquisitions will pretty much change the game. In a recent interview as reported by Bloomberg, Jiaravanon said:“Acquisitions will be the quickest way for growth in a fast-changing environment.”Chatchaval’s father, Sumet Jiaravanon, is the executive chairman of Charoen Pokphand Group,...

Tesla stock price has continued to rise after making spectacular gains at the weekend. Tesla stock closed at $478.15 apiece on Friday. This has made Oppenheimer and Co. Inc. give the biggest bullish price prediction yet. The New York-based investment firm has given a price prediction of $612 per share. Sources indicate that this is the highest share price prediction given by a Wall Street firm. The firm said in a note to its clients:“We believe the company’s risk tolerance, ability to...

Analysis streaming out from Wall Street suggests that the year 2020 has a lot of profitable stocks available for investors who choose such companies as Facebook, Verizon, and McDonald’s, among others.Key PointsHigh yield stocks up for grabs in 2020.Facebook’s politically-induced woes may finally pay off in 2020.Verizon’s commitment to its core values makes it a company to watch out for in 2020.McDonald’s introduces innovative ideas that are stock boosters.McDonald’s to Become a More...

Instagram’s Boomerang has received an upgrade. Apart from looping, users of the social networking platform will be able to do a bit more with their videos. The platform has introduced new tools to try to compete with TikTok.The features have been expected by many users. One of the features is the trimming effect. This improves playback control for videos when editing. Other effects include “SlowMo” which reduces playback by 50%, “Echo” which produces blurry playback and “Duo” which produces...

Just when we got worried that something happened to him, the head of the Tron Foundation Justin Sun popped out with, what seems to be, his new project.Calling it a “secret project” that will bring “multibillion benefits” to the TRX ecosystem, Sun tackled the public opinion once again.However, let’s just bear in mind that the young Sun has pretty much famous for his sensationalist announcements with numbers that would shame even the one and only – Donald Trump.The same goes to forecasting...

It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...

Saudi Aramco is a Saudi Arabian national petroleum and natural gas company. In December 2019, the company in its IPO initially raised $25.6 billion which already then was a record-setting number. They sold 3 billion shares worth $8.53 (or 32 riyals) a share. Already at the beginning of the IPO, the company stated that they might sell additional shares through the greenshoe option. It’s also called over-allotment of shares, which means that companies are allowed to issue more shares in the...

Rhodium, the world’s most precious metal is on an astounding rally since the start of 2020. Under just around 10 days to the start of the year, the rhodium metal price has surged more than 32% so far.The costliest metal started 2020 with its price around $5500 per ounce. However, in the last days, it has been on a massive price rally. The rhodium price is currently trading around $7900 levels.Analysts are suggesting that the metal commodities have recently shot due to rising geopolitical...