Tag Archives: News

In an effort to ensure that Facebook’s Libra cryptocurrency breaks down regulatory walls and launches on time or at least not too far from the earlier planned launch date, the social media giant is willing to make some compromises.In a testimony recently submitted to the House Financial Service Committee, Facebook CEO Mark Zuckerberg has confirmed to U.S. lawmakers that Facebook itself will not handle Libra, suggesting that the Libra Association which is the body tasked with the role of...

Facebook‘s head of the Libra project – David Marcus – has recently given an indirect warning to the U.S. lawmakers of losing the digital currency war to China, if the company’s Libra Project fails.Since its Libra cryptocurrency announcement in June 2019, Facebook has been in odds with the regulators over the Libra launch. The regulators have repeatedly questioned Facebook’s ability to execute this project at a global level.However, David Marcus has warned Washington that if Libra is derailed,...

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

ADA price struggled to surpass the $0.0400 resistance and decline recently against the US Dollar.The price is currently declining and is trading near the key $0.0375 support area.There is a major bearish trend line forming with resistance near $0.0395 on the 4-hours chart (data feed via Kraken).The price could continue to move down below $0.0375 and $0.0360 in the coming sessions.Cardano price is trading with a bearish bias against the US Dollar and bitcoin. ADA price could revisit the...

“I wanna be a billionaire so fuckin’ badBuy all of the things I never hadI wanna be on the cover of Forbes magazineSmiling next to Oprah and the Queen”That’s the words of Bruno Mars’ song ‘Billionaire” that almost everyone (in this version or his own) has in his head at some time in life. Unfortunately, a billion dollars, or even a million – is pretty hard to get. However, there is a way to get close to the dream.John (just John, no surname shared), the owner of personal-finance blog ESI...

Bitcoin price failed to surpass $8,350 and $8,400 resistance levels against the US Dollar.The price is currently declining and it is trading below the $8,080 and $8,000 support levels.There is a major bearish trend line forming with resistance near $8,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower and it might revisit the $7,800 and $7,700 support levels.Bitcoin price is trading with a bearish bias below $8,350 against the US...

Recently, Ripple announced a new office in Washington, D.C. which will be lead by Michelle Bond. As they describe the new premises, they chose this location deliberately in order to be closer to the White House and the U.S. government, in general. They want to educate the policymakers on the massive benefits that cryptocurrencies and blockchain offers to the world of finance and technology. Ripple has previously set a plan for a global expansion in order to “spread the word” about their new...

Ethereum needs all the help it can get these days, and with the addition of researcher Justin Drake at TechCrunch Disrupt Berlin, it just might garner the appeal it so desperately needs.Ethereum Needs Some Good PREthereum is the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin. It also boasts smart contract capabilities, which makes it one of the most popular blockchains for building new tokens and applications. Unfortunately, this popularity has...

Is it possible that altcoins could potentially disappear forever?Altcoins Don’t Have the Same Appeal They Once DidWhile they may not vanish into thin air, Adam Back – the CEO of Block Stream and the co-author of a bitcoin sidechains whitepaper – claims that the presence and stamina of presence bitcoin sidechains could lower interest in altcoins altogether, thereby making their appeal virtually non-existent.As it stands, currencies like Ethereum (ETH), Ripple’s XRP, EOS (EOS), and Litecoin...

Who would have known Opera and bitcoin could go so well together? We’re not necessarily talking about classically trained singers that wear Viking horns and hit high notes, but rather the Norwegian financial platform that’s been touting the addition of bitcoin to its Android app since July of 2018.Opera and BTC: A Perfect Match?The app was launched privately and was later available to the public in December. Opera inherently became one of the first browsers to support bitcoin directly, and...