Tag Archives: News

After a first, well. we could gently say – shock, Tesla’s Cybertruck doesn’t stop being controversial in any sense. This week is obviously reserved for Musk & Co. boasting around Twitter of how great and wonderful their new vehicle is (except the window glass but that will be repaired – Elon promised). And it’s worth mentioning that Tesla stock reacts positively (but slightly) to all this noise around the company.The distinctive Tesla’s CEO Elon Musk said how the company’s forthcoming...

In what has been seen as a big win for the crypto space the South Korean National Assembly’s National Policy Committee has passed a bill that will create a framework that formally classifies crypto tokens and other virtual currencies as digital assets. Sources indicate that this move came on Tuesday as one of the crypto space’s most friendly countries now wants to create a foundation for the operations of cryptocurrency businesses.The bill also sets rules for cryptocurrency-related businesses...

The ex-president of the People’s Bank of China Xiaochuan Zhou said that one of China’s main goals to be done through its central bank digital currency is to make retail payments easier and more available to people.Speaking at the Caixin Hengqin Forum in Zhuhai, Zhou commented that the country will work on making the retail use of digital payment for the digital yuan as simple as possible.He said:“There are two goals for international digital currencies. The first one, which is also what China...

It looks like the digital storage and rental marketplace Omni has been struggling to make ends meet. In the latest development, Omni has announced its intentions to shut down its operations by the end of 2019.This announcement comes just within a few months after the rental startup sold its physical storage operations to its competitor Clutter in May 2019. A report from the TechCrunch states that $35 million worth Omni is yet another victim of a “venture capital-subsidized business”. Meaning...

ADA price is struggling to find strength above the $0.0370 resistance against the US Dollar.The price is likely to accelerate once it breaks the $0.0370 and $0.0385 resistances.There was a break below a major bearish trend line with resistance near $0.0362 on the 4-hours chart (data feed via Kraken).The price could resume its decline if it struggles to clear the $0.0370 resistance area.Cardano price is facing an uphill task against the US Dollar and bitcoin. ADA price must clear $0.0385 to...

Bitcoin price started an upside correction from the $6,515 low against the US Dollar.The price is currently trading near the main $7,240 and $7,370 resistance levels.There is a major bearish trend line forming with resistance near $7,160 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to struggle near the $7,240, $7,370 and $7,515 resistance levels.Bitcoin price is approaching a major breakout resistance near $7,370 against the US Dollar. BTC could either...

Crypto whales seem to do very bad things for the industry, but sometimes, a bit of good can emerge.Whales: Sometimes, They Do What’s “Right”Whales are individuals that store large amounts of crypto in single places. When they move any of that money, the transaction is so large that it’s likely to bear effects on the marketplace. In the past, cryptocurrency whales have moved heavy sums, often resulting in serious drops in crypto prices.As of late, bitcoin has lost more than $2,000 from its...

Daniel Blieden – a Cincinnati-based marketing executive – has pled guilty to embezzling more than $22 million in company funds to purchase cryptocurrency for online gambling ventures.Blieden Faces a Lengthy Prison TermBlieden was facing charges of both wire fraud and “aggravated identity theft.” The company he worked for was called Style Haul, in which he served as the vice president of accounting and finance. The company focused primarily on fashion media, lifestyle and beauty products. The...

A privacy-based technology known as Mimble Wimble has been integrated into various privacy tokens since last January. The trouble is, it may not be as private as people originally thought.Mimble Wimble Isn’t Doing Enough to Keep Your Identity a SecretA new study shows that the first privacy coins to implement the technology are ones referred to as Grin and Beam, both of which are very new and are hardly being used at all at press time. This could be why the technology is so easily...

District Judge P. Kevin Castel of the New York Southern District Court, has signed a document which requires a deposition from three members of the Telegram team, as the case regarding its GRAM token sale continues. According to the document, Telegram founder and CEO Pavel Durov himself is expected to testify, along with two others.Dated Nov. 25, the document states that the depositions will begin on December 10 with Telegram employee Shyam Parekh. Although it doesn’t state Parekh’s position...