Cryptocurrency

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Tensions between the Beijing and Washington have made it difficult for Chinese companies to pursue IPO listing in the U.S. With already listed companies facing the risk of being delisted from U.S stock exchanges, Chinese companies have had to rethink their plans but not MicroBT. MicroBT IPO The Bitcoin mining rig manufacturer is reportedly planning
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Bitcoin’s meteoric rise to record highs of $39,000 has propelled the overall cryptocurrency market cap to over $1 trillion. The milestone came on Bitcoin rallying by more than 8% in line with the bullish momentum in the overall cryptocurrency sector. Cryptocurrency $1 Trillion Milestone Even as Bitcoin raced to record highs, other cryptocurrencies also registered
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Cryptocurrencies continue to elicit bids as the buying spree continues to gather momentum. Bitcoin is already up by more than 30% for the year to record highs of $35,000. Ethereum, the second-largest cryptocurrency by market cap, is also registering substantial gains after powering through the $1,000 mark. Cryptocurrency Rally A 10% plus gain pushed Ethereum
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The stock market showed some mixed results today with the Dow Jones and the S&P 500 coming in up but the NASDAQ coming in on a low. The Dow Jones closed up 1.44% to close at 30,829.40. The NASDAQ closed down 0.61% to finish at 12,740.79 and the S&P 500 closed up 0.57% to finish
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Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
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Bitcoin’s meteoric rise in 2020 continues to arouse interest from various quarters. With the crypto at record highs and showing signs of edging higher, investors are increasingly jostling for positions. Anthony Scaramucci is the latest to affirm he is bullish about the flagship cryptocurrency long term prospects. Growing Bitcoin Investments The former Trump administration, Communication
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Cryptocurrencies and Blockchain’s popularity continues to edge higher by the day. The rapid growth stems from friendly regulation as well as an acknowledgment by world powers that the emerging spectacle has the potential to transform the broader financial sector among other sectors. While the focus for the longest time has been on Bitcoin, Ether also
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The stock market saw another mixed day today, with numbers coming in at moderate numbers. The Dow Jones fell 0.15% to close at 30,154.54. The NASDAQ rose 0.50% to close at 12,658.19 and the S&P 500 rose 0.18% to close at 3,701.17. STOXX Europe also closed up today by 0.79% to finish at 395.95.  
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Bitcoin’s upward momentum has lost steam. The flagship cryptocurrency has struggled to power through its all-time highs of $20,000, with bulls caught in intense consolidation in recent days. A sell-off to the $1800 support is no longer inevitable as miners have turned bearish opting to offload holdings. Bitcoin Consolidation A break below $19,000 appears to
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Investors should cushion their investment portfolio with some Bitcoin. Those are sentiments shared by ex-hedge fund manager Mike Novogratz. The renowned bitcoin investor believes cryptocurrency are poised to generate significant value going forward, while offering a way to diversify portfolios. The sentiments come at a time when Bitcoin is flying high amid a surge in
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Bitcoin is closing on the $20,000 psychological level, having turned bullish in recent months. The bullish momentum has gathered pace amid a surge in interest, especially from institutional investors. Increased mainstream adoption, especially in financing transactions, has helped propel the flagship cryptocurrency popularity to new heights. Growing Bitcoin Search Hits Bitcoin interest has been growing
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Cryptocurrencies are taking the world by storm as mainstream adoption continues to gather pace. Casino operators in Macau are the latest to cry foul over the potential impact of a digital Yuan as the government pushes for its adoption in the gambling hub. Digital Yuan Resentment Immediate reports indicate that some casino operators have already
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Bitcoin remains supported for further price gains above the $17,200 level. According to popular Bitcoin trader Edward Morra, the level is a major buy wall that continues to attract buyers, most of whom believe the flagship cryptocurrency is on its way to record highs of $20,000. Bitcoin Price Analysis Bitcoin whales are reportedly using large
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Binance has filed defamation charges against two Forbes writers over an article published, purporting to show how the exchange evades regulations. The complaint filed in a U.S District Court alleges the article ‘Leaked Tai Chi Document,’ contains lots of false, misleading, and defamatory statements. Forbes Sued Michael Del Castillo and Jason Brett are the writers
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China is increasingly cracking down on cryptocurrencies. Immediate reports indicate that local authorities have been urged to crack down on all mining activities, a development that is curtailing Bitcoin mining. Colin Wu, a self-proclaimed Chinese cryptocurrency reporter, alleges that miners based in the Communist nation are finding it difficult to pay for their electricity. China
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Technology and finance corporations have taken a significant interest in cryptocurrencies. A good number of fintech institutions have already changed their company policies in a bid to accommodate the ever-growing digital assets. PayPal has already hit the ground running, allowing users in the U.S to buy, sell, and hold various cryptocurrencies. Crypto Institutional Bets Payment
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Bitcoin has exploded in recent weeks and showing no signs of slowing down. Over the past five weeks, the flagship cryptocurrency has rallied by more than 50% powering through the crucial $16,000 level. While Bitcoin price did plunge below the $16,000 level abruptly, traders quickly stepped in to defend the $16,000 level. Bitcoin Rally In
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Joe Biden might not be good for the cryptocurrency sector. Those are sentiments shared by Ripple’s CEO, Brad Garlinghouse, who fears that increased focus on climate change, among other things by the new administration, could curtail growth in the sector. Ripple’s CEO Warning Renewed focus on climate change by the Biden’s administration could take a
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Can Bitcoin take out its all-time highs of $20,000? Well, that’s the million-dollar question making rounds trading cycles after a recent spike to one-year highs above $15,000. Bitcoin market value has increased by more than $20 billion since the start of the U.S election, with the cryptocurrency looking increasingly bullish. Bitcoin Bullish Momentum Bitcoin dominance
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Governments and regulators, worldwide, are acknowledging that cryptocurrencies are here to stay. Likewise, it does not come as a surprise that some have hit the ground running, trying to set up a regulatory framework to govern the burgeoning segment. South Korea Financial Services Commission is emerging as one of the most aggressive on this front.
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Blockchain and cryptocurrency popularity continues to grow by the day, given the benefits the two continue to offer in the fast-paced digital economy. Mainstream companies coming to terms and accepting the two technologies all but explain their increased adoption and popularity. New Zealand and China are the latest countries to take note of Blockchain technology
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Cryptocurrency is the new investment theme, drawing a growing number of investors and mainstream companies. Concerned by the unending turmoil triggered by the COVID-19 pandemic,  institutional investors are increasingly turning their attention to digital assets. Mode Bitcoin Bet Square Inc. (NYSE:SQ) has already made known its strong belief about Bitcoin’s long-term prospects with a massive
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The cryptocurrency sector has been one of the bright spots amid the pandemic ravaged global economy. Mainstream adoption has gained traction, having become clear that digital currencies will play a pivotal role in the fast-growing digital economy. Likewise, RippleNet members have inked strategic partnership all in the effort of spreading the Ripple technology. RippleNet Deals
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