Tag Archives: News

China is one of the world’s heavyweight countries and much of this is a deliberate effort. The country is known for its eagerness to make specific moves towards growing its economy and becoming a worthy rival of others. For example, it has made significant strides with blockchain technology and it is widely suggested that it could easily lead this sector. Now, there are specific efforts for China to rival Wall Street.China is already a force to be reckoned with politically, as well as...

Financial Technology (FinTech) has been the talk of the town this year and will continue to remain the next year as well! Big Tech companies like Google, Apple, Facebook, etc. have already pulled up their socks to grab a considerable share in the evolving financial space.Furthermore, 2019 has been a good year witnessing significant growth in awareness and exposure for FinTech startups and companies. Besides, the industry has also managed to attract massive funding for the development of...

Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...

Tencent, the Chinese technology giant that operates the social media app WeChat, has announced that it is planning to develop a digital currency research group. This research group will have the responsibility of further advancing various blockchain technology research projects. According to fresh reports by iFeng, the company had released an official statement to its employees telling them that it is seeking someone to head the proposed research group.The yet-to-be-established digital...

In its recent crackdown, the Chinese authorities have seized 7000 crypto mining machines alleged for illegally consuming electricity. The local Chinese media publication CCTV reported that the confiscation of crypto mining equipment as part of inspection across the country.Over the last few years, China has been the most lucrative destination for crypto miners. Regions like Sichuan produce an abundance of hydroelectric thereby making electricity available at a very cheap cost. We already know...

Warren Buffett, an American business magnate, is well-known for his successful investments and vast fortune, has started thinking of gifts for his family amid the upcoming holidays. Being an investment guru, Buffet stays true to his strategic principles when it comes to presents. Warren Buffett’s gifts are well-thought-out.As Buffett’s former daughter-in-law Mary has said, the billionaire used to always give $10,000 in hundred-dollar bills to each of his relatives previously. Then, he started...

As it tries to save itself from other disappointments, Boeing has fired its CEO Dennis Muilenburg. The decision was made necessary because of problems that stemmed from two separate incidents of fatal crashes of the Boeing 737 Max.The new Boeing CEO announcement caused BA stock to rise by 3% to $337.55 shortly after it was publicized. Regardless, prices are still down about 20% ever since the March 10 crash. The general consensus from much of Wall Street is that Boeing could have done a lot...

Yesterday, before the market closing, a milestone event took place. Tesla stock reached $420 per share, which made a new record height for the company. Besides, this jump brought Tesla’s market cap to more than $75 billion.Reacting to Tesla stock growth, the company’s founder Elon Musk tweeted:Whoa … the stock is so high lol— Elon Musk (@elonmusk) December 23, 2019It is notable that last year when the price was about $379.57 per share, Elon Musk stated he had a buyer that would take Tesla...

Tron price started a fresh decline after it failed to surpass the $0.0160 resistance against the US Dollar.TRX price is now trading well below the $0.0142 and $0.0145 resistance levels.There was a break below a major bullish trend line with support near $0.0140 on the 4-hours chart (data feed via Bitfinex).The bears are likely to gain momentum if there is a clear break below the $0.0132 support.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price remains at a...

Nowadays lots of crypto analysts are looking forward to the halving event, wondering what it means and how the crypto community will respond to the changes. Mr. Ilya Goldberg, executive partner at ECOS believes: the halving event holds a much more positive change for the crypto environment than you may have initially thought.So what exactly is a halving event? In layman’s terms, it is when the reward for mining new Bitcoin blocks is cut in half, and it occurs every 210,000 blocks. If we look...