Tech stocks plummet as Intel nosedives, Nvidia faces antitrust probe

As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is at the all-time high near $20,000. Once that is crossed, Bitcoin could reach a $1 trillion…

Japanese e-commerce giant Rakuten has partnered with Japan’s biggest railway firm, the East Japan Railway Company (JR East), to promote cashless payments. The news was reported by Cointelegraph Japan on June 5.The partnership will enable commuters to charge and use their rechargeable smart fare card — JR East’s “Suica” — via the Rakuten Pay mobile…

Algorand has partnered with several educational institutions and schools to create programs for faculty members, students and businesses looking to jump into Web3. 145 Total views 1 Total shares Own this piece of history Collect this article as an NFTAlgorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help…

The United States Securities and Exchange Commission has charged a former pastor and his wife for stealing $500,000 through a trio of fraudulent businesses, including a cryptocurrency offering purportedly backed by a bottled water business.According to a complaint filed on April 2, the pair also sold fake shares in their struggling water business, Teshuater, in…

Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether." 518 Total views 7 Total shares Tether, the issuer of Tether (USDT), says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using…

The German-speaking world saw a number of crypto and blockchain events this week, with the German Federal Government releasing its blockchain strategy and local companies and associations launching new industry initiatives.Here is the past week of German crypto and blockchain news in review, as originally reported by Cointelegraph and Cointelegraph auf Deutsch.New DLT public offering…

California-based blockchain development firm Baton Systems has closed a $12 million Series A funding round led by Trinity Ventures.According to a Ledger Insights report published Sept. 2, the new funding will be used to scale Baton Systems’ blockchain-powered bank-to-bank payment solution. Interoperability with legacy systemsBaton Systems has reported that it already processes over $13 billion in…

Since dropping below the descending channel on Nov. 25, Bitcoin (BTC) has reclaimed $7,000, cleared some hefty resistance at $7,400 and now made its way up to above $7,500 by press time.Crypto market daily performance. Source: Coin360The 111-day moving average (DMA) and the 128-DMA are currently in the process of converging to form a bear…