Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
During the pandemic, China has been revising its trade agreements with different countries to meet the new world order.
S&P Global has agreed to buy IHS Markit in a mega all-stock deal.
Investors are expecting a massive capital inflow to Tesla shares over its entry to the S&P 500. Analysts say that even fund managers like Vanguard and Fidelity will be forced to seek exposure to the electric car company.
In its filing with the US SEC, Guggenheim says that it wants to facilitate a 10% exposure from its $5 billion Macro Opportunities Fund, to Bitcoin. The investment, however, will happen through the Grayscale Bitcoin Trust and could be the biggest institutional investment after MicroStrategy.
Investor Raoul Pal notes that institutional purchases are storing Bitcoin in cold storage creating a supply squeeze. This will propel BTC price to new highs with a wide gap in demand and supply.
It comes only a year after Ripple announced its partnership with MoneyGram getting a 17% stake in the company’s outstanding shares. Over the last year, Ripple has reportedly paid around $52 million to MoneyGram.
The stricter social distancing norms and COVID-19 restrictions have pushed shoppers to turn online this holiday season. Adobe is expecting the biggest single-day sales ever in history during Cyber Monday.
The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event.
The US National Highway Traffic Safety Administration (NHTSA) opened an investigation of 115,000 Tesla vehicles over front suspension safety issues.
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform.
Every year, the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC has been increasing gradually. Now, the remaining addresses with less than 1 BTC account for just 5% of Bitcoin’s market cap.
The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked.
Baidu is demanding a payment of $20 billion for its stake in the video streaming platform as it controls approximately 56% of iQIYI.
Starting from 2021, a new antitrust unit by the UK government will launch a code to curb Google and Facebook dominance in the market. Moreover, technology companies will be required to be more transparent with the services they offer.
BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%.