Tag Archives: News

There’s no denying that bitcoin has great promise. Since it first emerged on the financial plane roughly ten years ago, the currency has come a long way and is changing the world of monetary trading as we know it.Bitcoin and Its Carbon EmissionsUnfortunately, not everyone is convinced that it has something to offer. One of the big problems with bitcoin that continually gets in the way is its carbon footprint, which according to some analysts is bigger than one might expect. In the past, it’s...

Delphi Digital has issued a new report suggesting why the bitcoin price could potentially spike to new heights over the coming months. At the same time, the report also acknowledges some of the bearish trends that could possibly take precedence. If this were to occur, bitcoin could ultimately fall to new lows.Delphi Digital Is Split When It Comes to BTCAt press time, everyone’s favorite cryptocurrency is trading for over $8,200, thereby showing slight improvement over the past few days. The...

The Forbes list of America’s richest people is out again! Jeff Bezos is still at the top with an estimated fortune of $114 billion. Despite last years’ expensive divorce which saw him give away about 4% of the total company’s value or ($38.3 billion) to his wife McKenzie in July when the marriage was officially dissolved, Jeff remains at the top of Forbes richest 400 with ownership of 12% of the technology giant.Apart from the stake in Amazon, the Bezos own several other properties and assets...

California based bank and stock brokerage firm Charles Schwab said that it is finally ending its battle in the brokerage sector. They decided they are ending commissions for online trading in U.S. stocks, exchange-traded funds, and options.Just for a reminder, in the February of this year, together with Fidelity Investments, Charles Schwab completely cut its commissions it had been charging on hundreds of their exchange-traded funds. The ongoing war was all about exciting the investors since...

Photo: Broadridge / LinkedInBroadridge Financial Solutions, a United States-based corporate services company said on Tuesday they are ready to add cryptocurrencies and exchange-traded derivatives capabilities to their offerings. With the acquisition of Shadow Financial Systems, Inc., this service provider that is a famous supplier for public companies that provides them with proxy statements, annual reports and shareholder communications solutions, such as virtual annual meetings – is...

Since its launch on June 18, 2019, Facebook’s Libra project has encountered mixed reactions. Now, four payment companies that had joined the social media giant as founding members of the Libra Association are hesitant. They have developed cold foot over whether to formally sign on to the crypto project. The issue was explained by people familiar with the matter.According to a new Bloomberg report, MasterCard, Visa, Stripe, and PayPal are allegedly stalling at officially joining the...

There is more than a lot to take in when considering the current economic and political landscape in the United States. Quite recently, an official impeachment inquiry was announced by Nancy Pelosi, the Speaker of the House of Representatives, against President Donald Trump. Long before this, many people including economic analysts and businessmen alike, have been strongly of the opinion that the U.S. is on the verge of a recession and more people seem to be corroborating this. Now apart from...

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...