Tag Archives: News

As we continue our coverage of bitcoin and the crash of the cryptocurrency market, it appears the world’s primary cryptocurrency has fallen by another $300 and is now trading for just over $7,100. This is the lowest it’s been in months, and it’s unclear when – or if – the currency plans to recover.Bitcoin Continues to Suffer and DropAs we edge closer towards the end of the year and the introduction of 2020, we are reminded of the bear run that bitcoin endured during November of last year. The...

Coinspeaker World Chess to Issue Digital Tokens in ‘Hybrid IPO’ World Chess is going to issue tokens that will use blockchain ledgers to simplify the fundraising process and will be convertible to shares at a later point. World Chess to Issue Digital Tokens in ‘Hybrid IPO’ Continue reading at Coinspeaker

Venezuelan president Nicolas Maduro just can’t seem to take a hint when it comes to the Petro.The Petro is Failing and Will Continue to Do SoIn another effort to push Venezuela’s failed national cryptocurrency, Maduro has announced that retirees and pensioners within the country are set to receive financial bonuses in Petro funds this Christmas, but does anyone really care?The currency was first introduced in early 2018 through an initial coin offering (ICO). While Maduro claimed to have sold...

Congress Representatives were unhappy with Zuckerberg‘s attitude on his last hearing within a building of the House Financial Committee Services. Previously, Mark claimed that his company would not be trying to undermine the existing dollar-based economy. Yet, he wants Facebook to have its branded currency no matter what, working all over the Earth, with 200 million people as the “ready to go” audience. And even if the EU, Asia-Pacific and other tech-savvy gigs start developing much better,...

Blockchain activists used to praise Bakkt for introducing Bitcoin-settled futures. From the “OG” standpoint, any Bitcoin-alike asset looks somewhat shady if it is not backed by a government or a company with astronomical budgets and shiny names in the board of directors.But “Bitcoin free” trading is considered normal among many of the crypto activists. However, the recent announcement made by ICE regarding the Bakkt futures made traders wonder. They took an aggressive approach and asked ICE...

Bitcoin isn’t doing so well. The currency recently fell to $7,600 after weeks of trading in the $8,000 range, and the technical charts aren’t looking so good.Bitcoin Still Has a Bright FutureAnd yet, despite all this bearish activity, many heavy hitters and analysts in the crypto community agree that bitcoin isn’t done for and is likely to improve its present status in the coming months. Among the figures standing by bitcoin’s side is Tim Draper, the venture capitalist who recently claimed...

In what seems like an end to a disappointing year for troubled startup WeWork the company recently announced its intention to lay off 2,400 workers from the company following near collapse. The once-famed startup announced this on Thursday. The layoffs amount to roughly 20% of its 12,500 strong workforces. Some more layoffs of over 1,000 people are expected as several business units of the company are going to be shut down, merged or sold off as the company refocuses and resets several...

There are rumors that the bank and stock brokerage company The Charles Schwab Corp. is negotiating a purchase of online broker TD Ameritrade. The two companies are the largest publicly-traded discount brokers in the United States but it is interesting to see what would this merger mean for the cryptocurrency trading.But, let’s start from the beginning. Nebraskan TD Ameritrade has been crypto-friendly for a longer time now – meaning, its clients had the possibility to trade Bitcoin futures...

Fidelity Digital Assets (FDAS), the cryptocurrency division of the Boston-based mutual fund giant, is set to onboard its very fist exchange, before the end of 2019. The FDAS which recently launched a few months ago is currently waxing strong and pushing Fidelity’s position in the broader financial market with both cryptocurrency and traditional sections.Speaking to CoinDesk, Fidelity’s President Tom Jessop has said that the company’s main targets are over-the-counter (OTC) platforms as...

At press time, bitcoin – the world’s number one cryptocurrency by market cap – has fallen all the way back to $7,600, meaning it has lost more than $500 in just 48 hours.Bitcoin Falls AgainThis is a nasty drop, and one that’s reminiscent of where bitcoin stood at around this time last month. During late October, the currency was hit smackdab in the middle when Mark Zuckerberg – the head honcho of Facebook – was scheduled to testify before a congressional hearing regarding Libra and its...