Tag Archives: News

Beijing-Shanghai High-Speed Railway Co. is said to kick off its initial public offering on January 6, 2020. This will be the first IPO, where investors will be able to buy shares in what we can call the world’s largest network of this kind.The operator of China’s high-speed rail line between Beijing and Shanghai is a unit of state-owned China Railway Corp. It said to sell as many as 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai. Still, the company...

A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles.However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already...

CEO Elon Musk said in a recent tweet that Telsa’s hiring process doesn’t require a degree. He said this in answer to a question on his twitter handle. This is in line with the Technology Entrepreneur’s belief that people are more important than their academic qualifications. It has also affirmed the belief that there are people who possess abilities that college degrees can’t measure.Yes— Elon Musk (@elonmusk) December 22, 2019This echoes the same requirements he gave for employment at the...

The general consensus this year, even by people who aren’t exactly deep into financial metrics, is that 2019 has been mostly good. On average, global stock markets have performed impressively and still push on. For specifics, Deutsche Bank’s Chief Economist Torsten Slok has highlighted the global stock markets’ 2019 pump to be over $17 trillion.For several reasons including more attention by government and financial authorities, the progress has been quite noticeable. According to Slok,...

Litecoin price is struggling to stay above the $40.00 support area against the US Dollar.LTC price is likely to accelerate its decline if its breaks the $39.00 support area.There is a key bearish trend line forming with resistance near $41.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might recover once it climbs above $41.50 and $42.00 in the near term.Litecoin price is showing a few bearish signs against the US Dollar, similar to bitcoin. LTC price remains...

Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...

This year of 2019 turned out to action-packed with respect to the cryptocurrency market and the global economy in general. Undergoing a massive crypto winter in 2018, the crypto market saw some recovery especially in Q2 2019. If we look at the year-to-date performance, the overall cryptocurrency market cap surged by 60%. Thanks to Bitcoin‘s performance giving 100% returns during the same period.Also, if we look at the traditional markets, they have performed beyond investors’ expectations....

Brian Armstrong – the CEO of Coinbase – has garnered a patent for a new product that will allow users to email bitcoin to each other.Coinbase Paves the Way for Emailing BTCThe patent was filed in March of 2015 but didn’t garner approval until now. Crazy how long it can take to get the green light on new developments, isn’t it? The product is built to make crypto payments through email addresses linked to various wallets. The sender initiates an order to send money to a specific email address...

We’ve seen it before, and we’ll likely continue to see it for some time. Bitcoin and crypto just doesn’t seem to please everyone, and the latest doubter to be added to the mix is Federal Reserve governor Lael Brainard.Brainard: Crypto Gives Rise to Illegal ActivityAt a recent conference in Germany, Brainard explained to listeners that bitcoin was a haven for criminal activity, and that it had the power to inspire illicit events of every kind. Her words are allegedly based on various studies,...

CFTC Chairman Heath Tarbert has said that his entity is investigating Ethereum. Tarbert and other scientists carefully studied the inner processes of the Ethereum blockchain. Appears that the network will soon start changing itself to become a PoS-based system. Not only the miners but also the stakers will secure the transactions and blocks. On October 10, 2019, Tarbert concluded that Ethereum 2.0 tokens are likely to become virtual securities. Per Heath:“It is my view as chairman of the CFTC...