Tag Archives: News

Bitcoin price is trading in a minor downtrend below the $10,500 resistance against the US Dollar.The price is holding a couple of important supports near the $10,150 and $9,880 levels.There is a crucial breakout pattern forming with resistance near $10,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally sharply above $10,350 or it could extend its decline to $9,880 and $9,750.Bitcoin price is trading in a contracting range above $10,000 against...

At press time, you may not think bitcoin is doing much… And you’d be right. In fact, the currency has barely swung at all over the past 1-2 weeks and has largely remained between $10,100 and $10,300. Volatility Has Dropped for BitcoinThis is because the currency has reached its lowest level of volatility since May of this year. This is a bit of a downer given that the currency isn’t spiking the way it was last April through July, but it’s also somewhat of a blessing. Those of us truly...

As the CEO of investing firm Blackstone, CEO Steve Schwarzman says that he’s used to a world where currencies are controlled by a central body, and thus he’s not a huge fan of how crypto is structured. Schwarzman: I Don’t Understand CryptoThis is to be expected from someone who’s been involved in traditional finance for most of his professional life. Having started the company in the mid-1980s, Blackstone has become one of the most successful trading platforms in the western hemisphere,...

American multinational megabank, Wells Fargo, has revealed its plans to launch a digitized platform which will be used for internal settlements. The service, Wells Fargo Digital Cash, as well as the company’s own U.S. dollar-backed stablecoin, are slated for debut in 2020 and targeted at making USD transfers with a broader plan to accommodate transfers in other currencies within the whole Wells Fargo network.Wells Fargo is an American community-based financial services firm that offers...

Tim Draper has made a real name for himself in the world of crypto given his consistent bitcoin price predictions and his purchase of Ross Ulbricht’s bitcoin stash during an auction following the Silk Road creator’s arrest. Draper Thinks His Prediction Falls Short of BTC’s PotentialHis most recent price prediction says that bitcoin will reach $250,000 per unit by the time 2023 rolls along. However, in Draper’s own words, this prediction is relatively “conservative.” He comments that several...

The Australian Securities and Investments Commission (ASIC) has announced that a 21-year-old mother has been arrested following an investigation into an online syndicate accused of stealing and laundering millions of dollars worth of funds from superannuation and share-trading accounts through the use of cryptocurrency. ASIC alleges that the suspect, Jasmine Vella-Arpaci, comprised a key member of a criminal syndicate self-identified as ‘Team Awesome’. The group is accused of purchasing...

According to a recent survey conducted in the UK, about 20% of rich young people (born between 1981 and 1996 with at least £25,000 in investable assets) hold BTC or other digital currency. The proportion of British holding digital assets, which accounts for about 3% total population, shows that the proportion of young people holding digital assets is much higher than the whole national average. If invest-able assets were raised from 25,000 to 75,000, the proportion of eligible young people...

Apple released its much-anticipated gaming service Apple Arcade a few days earlier than the expected date of 19th September. However, it is only available for users who are on the iOS 13 public beta and will probably be available to all other iOS platforms on the original expected date.At the moment, iOS 13 users will easily be able to sign up on the service and have the opportunity to pay a monthly subscription fee but enjoy the service for free, for a month. On the App Store, interested...

Finally, after much expectation that it would occur, it is hoped by the investment and venture capital community that the We Company owners of corporate space company WeWork would put its plans for its Initial Public Offering on hold. This comes after serious doubt existed as to the original valuation of the company which went down sharply from $47 Billion to less than $15 Billion in recent weeks.The Wall Street Journal reports that investors had already started to query the initial valuation...

One of the world’s most popular cryptocurrency exchanges Binance has made its first strategic investment in China. The company has invested in Mars Finance, a news platform that focuses on the blockchain and cryptocurrency sector.As has been reported by Bloomberg, the investment is a part of Mars Finance’s funding round that valued the platform at about $200 million. According to the co-founder of Mars Finance Wu Jihan, investors in the round included Ceyuan Ventures and Matrixport, the...