Tag Archives: News

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...

Cryptocurrency anarchists want to drag the cash to the Internet by saving the user’s ability to transact anonymously. The anarchists use cryptography for such purpose. Contrary to that, the governments and banks want all the payments to be traceable. This is what happens when people use bank cards, deposits, personal accounts, etc.From what we’ve seen in the mainstream financial media in recent months, global players like the European Central Bank, the People’s Bank of China, want to invent...

Ethereum price is facing a strong resistance near the $135 and $140 levels against the US Dollar.ETH price is under pressure and it might struggle to stay above the $125 support.There is a major bearish trend line forming with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price remains at a risk of further losses unless it surpasses $134, $135 and $140.Ethereum price is facing a couple of key hurdles against the US Dollar. ETH/USD is trading above $125, below which...

Alexander Vinnik – a man accused of bitcoin fraud – will be extradited to France, according to the justice minister of Greece.Vinnik Will Face French LawmakersKonstantinos Tsiaras has recently signed an order requiring that the alleged Russian cryptocurrency scammer be sent to the country though at press time, no extradition date has been set.Vinnik has been accused of laundering billions of dollars in cryptocurrency funds. He was arrested in 2017 while on vacation in Greece per the request...

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...