Chinese Retailers Forced to Sell Apple’s Latest iPhone Models With Huge Discounts

Apple is looking at a weak financial quarter as demand for its latest iPhone models plunges in Chinese markets. Several local retailers, including Alibaba-backed JD.com and Suning, have introduced huge discounts on Apple’s top-of-the-line smartphones, according to CNBC. Suning slashed the price of 128 GB iPhone XR model from $1,036 to $858 – a 17.1% discount.

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SOV Assets Like Bitcoin will Become Much Larger: Circle CEO Jeremy Allaire

Bitcoin price has lost more than 9 percent of its value in the past 24 hours. But according to Jeremy Allaire, the cryptocurrency is a winner in the long term. The Circle CEO said Thursday during a Reddit AMA that bitcoin would become more significant as a store of value than as a payment and

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Bitcoin Analysis: Bullish Correction Still Possible if Price Holds Above $3,550

Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian

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Dovish Fed Minutes Sees Cryptocurrency Market Lose $11 Billion in 5 Hours

Highlights: Federal Reserve is close to the end of neutralizing interest rates after December hike. US stocks, forex instruments, and Gold extended gains Wednesday, but correcting Thursday. Bitcoin, Ethereum, XRP and the rest of the crypto market react negatively. Federal Reserve released the minutes of its December meeting which revealed that they would follow a

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Ethereum Classic Hacker Stole 54,200 ETC from Crypto Exchange Gate.io

Cryptocurrency exchange Gate.io confirmed that it had lost about $220,000 worth of Ethereum Classic coins – about 40,000 ETC – during the ongoing manipulation of the project’s blockchain network. The exchange confirmed Tuesday that the Ethereum Classic blockchain was under 51% attack – in which a single entity takes control of more than half the

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Tron Price Rises 53% in Five Days – Is This TRX Run Sustainable?

The Tron price (TRX) on Wednesday maintained its bullish momentum despite a watchful sentiment across other cryptocurrencies. The TRX/USD rate today peaked towards 0.0306, up 53% for the week after posting five consecutive daily buying sessions. On a 24-hour adjusted timeframe, the pair has posted a whopping 13.56% gain against the US dollar. The strong

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From Bitcoin to Brexit, Here’s What Investors Need to Watch for in 2019

Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future? Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other

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Bitcoin Price Analysis: Why the Defense at $4,000 Will Not Hold

The break above $4,000 has not really changed the interim bias of the bitcoin market. The cryptocurrency on Wednesday remained largely unchanged on its 24-hour adjusted timeframe. The news of a possibly peaceful end to the ongoing US-China trade talks allowed global markets to establish their fresh intraday highs. Investors, meanwhile, focused less on their bitcoin

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Regulators Begone: Bitcoin Goes on Sale in French Tobacco Shops

Tobacco shops in France are the new counters to purchase Bitcoin thanks to Keplerk. In a follow up to its November 2018 announcement, the Parisian FinTech startup has forged a partnership with six ‘tabac’ centers across the French capital. The cooperation would see the tobacco sellers selling bitcoin vouchers – similar to gift cards –

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Thailand’s Finance Ministry Grants Licenses to Three Crypto Exchanges

The Ministry of Finance in Thailand has granted working licenses to three crypto trading companies and denied permits for two businesses seeking to become regulated exchanges. The ministry has also issued a working permit to a cryptocurrency broker and dealer. “The four applicants granted a license are three digital asset exchanges – namely (1) Bitcoin Exchange

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