Tag Archives: News

Bitcoin rewards app Lolli has made a real name for itself.Lolli Is Moving Up the Financial LadderRecently, CNBC placed the company on its list of 2019 startups “to watch.” The list is comprised of approximately 100 new ventures and Lolli is the only one that has to do with bitcoin that seems to have made the cut. Could this be a sign that the currency and the industry surrounding it are about to become far more mainstream?The point of the list is to find companies that could be necessary for...

In recent news, OPay has raised $120 million on a series B round backed by Chinese investors. Their primary initiative for the fundraise is to scale in Nigeria and expand its payments service to Kenya, Ghana and South Africa. The series B round investors, as mentioned above, were mainly from China. The companies include Meituan-Dianping, GaoRong, Source Code Capital, Softbank Asia, BAI, Redpoint, IDG Capital, Sequoia China, and GSR Ventures. In June 2019, OPay also raised $50 million.Opera,...

For the first time in the upcoming United States Presidential elections, a hopeful is paying attention to technology in general and cryptocurrencies in particular. Andrew Yang, who is planning to contest on the platform of the democratic party, has revealed plans to create a Federal Regulatory Agency for cryptocurrencies.He made this disclosure in a blog post which was published last week. He indicated the propensity for fraud within the crypto space due to a dearth of regulatory cover within...

Japanese multinational conglomerate holding company SoftBank has announced its decision to unite its search engine Yahoo Japan with a popular chatting app Line owned by Naver Corp. Within the agreement, Yahoo Japan and Line will merge and create a joint business to develop new opportunities for protecting themselves against competitors.According to the announcement, SoftBank and Naver will each hold 50% of a new holding company that will operate both Line and Z Holdings (Yahoo Japan’s...

Bakkt, the physically-backed Bitcoin Futures contracts company recently confirmed that they are testing their consumer app for retail crypto traders. Allegedly dubbed Bakkt Pay, the app, they said they plan to increase the width of their area of services to a higher level. That includes focusing on putting the retail traders besides institution investors who are already the users of the Bakkt services in its futures trading.BREAKING!Bakkt testing consumer app in preparation for imminent lauch...

It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...

After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead.Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some...

As an automobile, Ford’s Mach-E comes with the style, logo, and design of the famous Mustang but everything else under the hood makes it seem more like a Tesla or another electric vehicle. With a range of 210- 300 miles at full charge and accelerations that range from beating high-end sports cars to mid-level sedans, the first set of Mach-Es will be available in late 2020 to the spring of 2021.Although pricey with the cheapest one starting at $43, 895 which is a little bit more expensive than...

Ever since Facebook announced its Libra project in June 2019, it has been knocking the doors of regulators for approval. Over the last few months, the social media giant had a tough time dealing with global regulatory authorities.But this has not deterred Facebook from furthering its development for its native cryptocurrency Project Libra. Last week, the Libra Association released a developer update. The update announcement mentioned that the Libra Project is running for five months and...

Stellar lumen price failed to settle above the $0.0800 and $0.0820 resistances against the US Dollar.XLM price is currently declining and it is now trading well below the $0.0750 level.There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more downsides towards the key $0.0650 support area.Stellar lumen price is currently trimming gains against the US Dollar and bitcoin. XLM price could continue to...