Tag Archives: News

During the early trade on Tuesday, December 17, pound sterling fell more than 1% as several media reports suggested that U.K. Prime Minister Boris Johnson pledged to not delay the Brexit transition period by the end of 2020.As per the Bloomberg report, Johnson’s planned legislation will have a legal text that prevents the British government from further delaying the day when Britain disconnects itself from the EU laws, even if no new trade terms are secured in the stipulated time period.As...

Uber is reportedly very close to selling off its Uber Eats food delivery business in India. According to a TechCrunch report citing three people familiar with the matter, Uber is at the final stages of negotiations with Indian rival company, Zomato. If negotiations are successful, Zomato will take it over.Valued at more than $2 billion, Zomato is easily one of the largest food delivery businesses in India and hasn’t made it very easy for Uber Eats since the latter launched in May 2017. The...

U.S. markets seem to have responded positively to the recent first phase of the trade deal that has partially solved the current impasse between the United States and the People’s Republic of China. Sources indicate that yesterday’s gains were the fourth straight day that the United States markets were in the green. According to reports, the S&P 500 gained 0.7% to end the day at 3,191.45 while the Nasdaq Composite jumped 0.9% to 8,814.23 while the Dow Jones Industrial Average (DJIA) went...

In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against...

On December 16, Intel announced that it had acquired Habana Labs in a clear indication that it aims to venture deep into the AI chip market. Habana is an Israel-based developer of programmable AI and machine learning accelerators that are used for cloud datacenters. Analysts estimate that this deal is worth about $2 billion.Intel further stated that it will enhance its AI strategy as Habana starts sampling its proprietary silicon to customers. Last November, Habana raised $75 million in...

When some folks claim they’re into cryptocurrencies because of the thrill of the blockchain… well, they’re lying for the most part. Or at the very least not revealing everything. All things aside, it’s about the profits. How can I make money? How can I do it fast? How can I do it legitimately and securely?Whereas media sources nowadays bombard their readers and viewers with a zillion ways to make a quick buck by trading, exchanging, and investing into cryptocurrencies, there exist other, more...

The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...

Tron price is gaining bearish momentum below $0.0140 and $0.0136 against the US Dollar.TRX price is likely to continue lower below the $0.0132 and $0.0130 support levels.There is a crucial bearish trend line forming with resistance near $0.0140 on the 4-hours chart (data feed via Bitfinex).The bears are likely to remain in action and the price could even trade below $0.0130.TRON price is moving further into the bearish zone against the US Dollar and bitcoin. TRX price could continue to slide...

Blockchain networks have been plagued by slow transaction speeds and limited block times since their inception. Although many projects have tried to increase the transactional capacity of blockchain networks, there have been few functioning solutions that do not compromise on security or decentralization as a result. Solving the issue of scalability is essential if blockchain-based payment networks are to compete with traditional payment processors, such as the Visa network, which can process...

Beijing-based Bitmain Technologies Ltd. had a pretty rough year. Even though the company is still among the key players in China, its market share by hash rate has fallen from ~70% in June to ~66% now. In June 2017, Bitmain’s own data (via Frost and Sullivan) showed that it had a market share of around 75%.Christopher Bendiksen, head of research at CoinShares and Samuel Gibbons, the research analyst said that Bitmain needs fresh capital in order to fix a series of self-made damages caused by...