Tag Archives: News

Tech giant Tesla announced buying of DeepScale, a computer vision start-up that the company hopes to help in further evolving of fully driverless vehicles.This acquisition, Tesla hopes, will help the company in their focusing on delivering cars with evolved driver-assistance systems that would be optimal for owners to put them in the traffic acting as “robotaxis” on an Uber-like platform without drivers.Still, as most of the car producers, Tesla is pretty much bounded with arithmetic...

Photo: ShutterstockWell, if the regulatory scrutiny on Facebook‘s Libra cryptocurrency was not enough, even bankers have jumped in to pull down the Libra project. Recently, the United States Federal Reserve had asked some of the largest banking institutions in the country about their stand on Libra.Responding to it, the bankers have expressed risks posed by Libra like a potential decline in the deposit accounts as well as the banks’ payment volumes. As per the Bloomberg report, the banks...

One of Germany’s biggest banks, Bayern LB, has just published a report where it pitched Bitcoin against gold, with a very bullish conclusion. According to the Munich-based bank, Bitcoin price will hit $90,000 by 2020, more than 4 times its current all-time high and per the report, the bank believes that Bitcoin will do much better than gold, especially after the upcoming halving next year.In the report titled “Is Bitcoin outshining gold?”, Bayern LB considers the stock-to-flow (SF) ratio. The...

Chicago based securities rating firm Morningstar has moved ahead of the rest of the securities ratings agencies to begin rating blockchain-based debt securities which are backed by debt assets in the real-world. Being the first time, a rating agency would attempt such a move, the rating firm already has its hands in the cryptocurrency pie as it has been working on building models that provide accurate methods of rating blockchain-based securities.This move is also an indication that the firm...

ADA price started consolidating losses above the $0.0350 support area against the US Dollar.The price is facing a strong resistance near the $0.0400 and $0.0420 levels.There is a key bearish trend line forming with resistance near $0.0420 on the 4-hours chart (data feed via Kraken).The price could either start a decent recovery above $0.0420 or it might decline further below $0.0350.Cardano price is struggling to recover against the US Dollar and bitcoin. ADA price could start a decent...

Photo: Global Currency Organization (GCO) / MediumThe Global Currency Organization (GCO) announced the release of USD Digital (USDD), a new US dollar-backed stablecoin. The stablecoin is based on Ethereum and is targeted at institutions, exchanges, traders, and OTC desk who are in need of such a product but are not able to develop their own. The Global Currency Organization (GCO) is a new project created by former employees of TrustToken, JPMorgan and Intel. According to the GCO team, the...

Out of the multitude of ICO projects, raising money, only a small part actually delivered something that could be called a product. Almost 90% of all ICOs failed. There’s a term in venture capital, “a death valley”, meaning the period from the receiving initial investments to the moment of becoming profitable.Usually, a very small percentage of projects manage to cross the death valley, because every unexpected obstacle can ruin their plans. It happens due to a lack of experience, bad...

In what seems like a first for the global cryptocurrency world, six Japanese cryptocurrency heavyweights have come together to create what is now known as the “Japanese Security Token Association”. The founding members include Monex Inc, Rakuten Securities, Nomura Securities, SBI Securities, Daiwa Securities, and Kabu.com Securities.Headquartered in Tokyo, the new self-regulating organization will work towards seeing that corporate bodies raising finance using the STO model will adhere to...

Bitcoin price is currently consolidating losses above the $7,600 and $7,800 levels against the US Dollar.The price is facing a lot of hurdles near the $8,500 and $8,800 levels on the upside.There are two key bearish trend lines forming with resistance near $8,420 and $8,850 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to struggle in clearing the $8,420 and $8,500 resistance levels in the near term.Bitcoin price is trading in a bearish zone below $9,000...

Facebook has been having a tough battle dealing with regulators and government agencies since the launch of its Libra cryptocurrency. In the recently leaked audio recordings obtained by The Verge, Mark Zuckerberg threatens to take the U.S. government to the courts if the Democratic Party presidential candidate Elizabeth Warren comes to power and tries to break big companies like Facebook into smaller entities.Note that breaking Big Tech is one of the major promises of Elizabeth Warren’s...