Breaking: Lyft Valued at $19.5 Billion, Set to Beat Uber to Stock Market IPO Lyft is beating Uber in the race to go public. | Source: REUTERS/Chris Helgren/File Photo Ben Brown 18/03/2019 News Ride-hailing company and Uber competitor Lyft will go public with 30.8 million shares at between $62 to $68 a pop. The announcement would value Lyft at $19.46 billion at the upper end of the spectrum. In total, Lyft will aim to raise $2 billion in the IPO. Read more …
Gold, bitcoin, Ty Beanie Babies – what do these commodities all have in common? They are all a store of value in some way. Some Ty toys are worth more than half a million dollars in the proper sets. Bitcoin is worth thousands of dollars per coin and has been worth nearly $20,000 per coin. Gold has both industrial and speculative uses. Gold or BTC, which is the better store of value? The question with gold and bitcoin is, which Read more …
View Bitcoin clocked highs above $4,000 over the weekend and closed last week on a positive note, strengthening the short-term bullish outlook. The ongoing recovery rally, however, could pause around $4,000 or fall back to key support levels lined up at $3,775 and $3,658, as the bearish (downward sloping) 21-week simple moving average (SMA) is currently lined up at $4,073. That SMA served as a stiff resistance last year. Bitcoin’s outlook as per the daily chart would turn bearish if prices Read more …
Bitcoin’s potential as a decentralized, P2P digital currency is, in many cases, limited by the extension of the application and design space around the legacy cryptocurrency. Particularly in regards to merchant adoption, legacy payment processing services remain much more straightforward to use. Bitcoin is an invention of money, not explicitly payments. However, furthering its adoption as a means of payment will go a long way in bolstering its prominence among the mainstream. Trusted third parties are security holes, but the Read more …
Bitcoin was conceived as a communal project. Designed as an open-source software and released to the public in 2009, Bitcoin was conceived with openness in mind. Functioning on an open ledger that is accessible to the public, Bitcoin is an open-source project. But despite all its openness, one grand mystery remains unsolved: Who Created Bitcoin and Who exactly is Satoshi Nakamoto? Finding an answer to this question isn’t easy. We know that all the code that created Bitcoin originated with Read more …
Binance Coin BNB seems immune to market forces that keep other altcoins in a perpetual Crypto Winter. Even as other cryptocurrencies have been losing 70, 80, 90%+ of their all-time high value, Binance Coin has been making up lost ground for months. The current BNB price of £11.38 may be well shy of January 2018’s £17.96, but BNB’s upward momentum seems to be holding steady. What’s behind Binance Coin’s resilience in this challenging market climate? First of all, Binance Coin has a Read more …
In the cryptocurrency world, thousands of projects are trying to gain traction these days. One of the projects often overlooked by most enthusiasts is Dash, even though it appears to be a more than solid project. With the current Dash price trying to approach $100 again, a lot of long-term holders will be quite happy with the way things are going right now. Dash Price Momentum Picks up Steam Given the vast amount of altcoins and cryptocurrency projects on the Read more …
Despite the growing range of possible applications of Blockchain technology, most people still tend to focus on the tech’s impact on the financial sector. This is hardly surprising. After all, in 2008, Satoshi Nakamoto’s original pitch described Bitcoin (BTC) and its underlying protocol as “a peer-to-peer electronic cash system”. Cryptocurrencies, which run on blockchain or other forms of distributed ledger technology, aim to challenge the role of their fiat counterparts as a medium of exchange, or, at the very least, Read more …
Gatecoin, a cryptocurrency exchange platform that has had a little bit of a torrid history for the past two years is now closing its doors per an announcement posted on its website. In its announcement, the Hong Kong-based exchange wrote that it will be compelled to halt all of its operations immediately, per a compulsory liquidation order from an unspecified court. Gatecoin will now work with regulators to see off the liquidation process and to ensure its creditors receive their Read more …
Said to be the fastest public blockchain-based platform on the globe, Waves is announcing the second round of the private funding for the project dubbed Vostok, which is a blockchain platform and system integrator for government and enterprise blockchain solutions. It was announced in a press release provided by Vostok on Mar. 14th, that Waves platform will be organizing another round of private funding for their blockchain enterprise solution with investors from Southeast Asia, China, and Europe already participating in Read more …
Thailand is finally getting its own crypto exchange. According to an official announcement on the agency’s platform, the Stock Exchange of Thailand (SET has officially confirmed that it is in the process of developing its very own digital asset platform. The agency initially revealed its plans to apply with the Ministry of Finance for a license to launch an official cryptocurrency exchange back in January. If this new announcement is anything to go by, it would seem that the approval Read more …
A court in Israel has once again ruled against a local bank which tried to close the account of a cryptocurrency related business without any due cause. This time a Tel Aviv court has determined that a bank can’t refuse to operate an account on behalf of a crypto miner. Also Read: Tel Aviv Court Gives Moshe Hogeg 30 Days to Settle $4M Lawsuit Court Rules on Israminers vs Union Bank Union Bank of Israel, Ltd. (TASE: UNON), the sixth Read more …