American multinational conglomerate General Electric has brought new hope for its investors after its announced strong Q3 results. GE has been struggling over the past three years witnessing a major slowdown in its output. In the last three years, the GE stock price has been on a constant downfall and corrected over 66%.However, under the recent leadership of Larry Culp, the multinational giant looks poised for a solid resurgence. After the company announced its Q3 earnings on Wednesday, GE’s...
Read More »XRP is 10X Safer than Fiat for Cross-Border Payments
Ripple‘s XRapid system is 10 times safer and is only one-tenth volatile if compared fiat for making international payments. Fiat cannot compete with XRP’s speed and security.Ripple is a real-time gross settlement system and a form of currency exchange. Banks and financial institutions have the cryptocurrency XRP which is used in a row of Ripple’s solutions, as a settlement infrastructure technology. Payments done using it are irreversible, and there are no chargebacks.In its study Ripple...
Read More »Binance Set to Open Beijing Branch as China Goes Pro-Blockchain
Probably the largest digital currency exchange platform in the world Binance is reportedly going to set up post in China, with an office in the capital city of Beijing. When the Beijing office is finally launched, it will be the second Binance office in the country, after the one currently operating in Shanghai, China’s biggest city. The news came from anonymous sources in a Coindesk report and is not officially confirmed yet.Since there is no official word from the exchange, no one is...
Read More »BitMEX Reveals Some Users’ Email IDs Making Amateurish Mistake
Cryptocurrency derivatives exchange BitMEX sent a mass email to its users on Friday with all of their email addresses in the “To” field. Usually, when you are sending a mass e-mail and you want to protect other users’ privacy, you put their e-mail addresses in the so-called blind carbon copy or BCC field. That’s how the other users’ e-mail addresses stay hidden from everybody else. This way, by not putting the names in the BCC field but in an amateurish manner dividing them by the comma,...
Read More »Binance.US Exceeds $15 Million Daily Trading Volume One Month after Launch
In September, one of the world’s most popular cryptocurrency exchanges Binance launched its U.S. arm, initially allowing U.S0. citizens to trade 13 cryptocurrency pairs across Bitcoin (BTC), Bitcoin cash (BCH), Binance Coin (BNB), Ether (ETH), Litecoin (LTC), XRP, and the Tether stablecoin (USDT). Since the launch, only one month has passed, but Binance.US has already demonstrated incredible results: its daily trading volume has exceeded $15 million.Besides, the U.S. arm of Binance has...
Read More »Bitcoin Slipped to $7700 On Deribit Causing The Exchange Severe Losses
Bitcoin’s price has been trading around $9,100-$9,500 for a few days after the volatile movements of last week. However, on futures and options exchange Deribit, the price went through a violent red candle, reaching $7,700 in a manner of minutes and causing lots of losses. The company stated today that they will reimburse all affected users on their network.Bitcoin Price Plunge on DeribitThe issue was noted around 21:00 UTC on October 31st and it reportedly affected many users on their...
Read More »Echoestrader is Empowering the Individual Crypto Trader With Bot-Driven Trading
[PRESS RELEASE] Please read full disclaimerIt’s no secret that bot trading drives a large percentage of volume on most cryptocurrency exchange. Through making use of an exchange’s open API, traders can deploy programs composed of algorithms to automate trading 24 hours a day, 7 days a week. Individual traders who make trades manually simply can’t compete with the speed and precision of trading bots, which are also not prone to lapses in attention or capable of letting emotions cloud their...
Read More »Bitcoin Cash Analysis: BCH Approaching Next Crucial Break
Bitcoin cash price rallied recently and climbed above the $280 resistance against the US Dollar.The price is currently consolidating above $180 and seems to be setting up for the next break.There is a major breakout pattern forming with resistance near $284 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could either rally again above $285 or it might extend its correction to $260.Bitcoin cash price is trading in a nice uptrend above $280 against the US Dollar....
Read More »Litecoin (LTC) Price Analysis: Last Dip Before Fresh Increase?
Litecoin price is currently correcting lower below the $60.50 resistance against the US Dollar.LTC price is currently holding the key $57.10 and $55.80 support levels, with a positive bias.There is a major bearish trend line forming with resistance near $58.90 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could dip once last time towards the $55.80 support area before it started a decent upward move.Litecoin price is retreating from the recent high near $64.40...
Read More »Crypto Browser Brave Hits 8 Million Users Milestone, Trumpets ‘Everipedia’ Partnership
Brave teams up with blockchain-based encyclopedia Everipedia. Brave’s active users are skyrocketing. The market value of Basic Attention Token (BAT) may retrace before it continues rising. Privacy web browser Brave announced a co-marketing agreement with the world’s largest blockchain-based encyclopedia, Everipedia, to boost the company’s brand awareness among its userbase. The partnership comes at a time when Brave’s popularity is skyrocketing, and its native crypto, Basic...
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