Markets

Since she was appointed the president of the European Central Bank, Christine Lagarde has advocated for a digital euro to complement technological advancement, especially in the payment industry.Speaking at the Reuters Online event on Wednesday, European Central Bank (ECB) President Christine Lagarde highlighted her thoughts on the crypto space and the digital payment system. According to Lagarde, Bitcoin is a very volatile asset that has facilitated ‘funny business’. She also noted that...

Tesla is planning to expand its operations in Asia’s second-largest economy and has already registered an office in India. The company is likely to start manufacturing its cars already in 2021.After an 8% correction on Monday, Tesla Inc (NASDAQ: TSLA) stock bounced back on Tuesday rising nearly 5%. On Tuesday’s closing hours, the TSLA stock was 4.72% up trading at a price of $849 with its market going back above $800 billion. All this happened amid teh talks on the expansion of Tesla to...

Tron price failed to clear the $0.0360 resistance and declined below $0.0320 against the US Dollar.TRX price is now trading well below $0.0310 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.0280 on the 4-hours chart (data feed via Bitfinex).The pair could start a major decline if it fails to stay above the $0.0280 and $0.0270 support levels.TRON price is showing bearish signs below $0.0310 and $0.0320 against the US Dollar, similar to...

Bitcoin price started a major downside correction from the $42,000 high against the US Dollar.The price is now trading well below $36,000 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $32,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must clear the $35,500 and $36,000 resistance levels to start a fresh increase.Bitcoin price is moving lower below $35,000 against the US Dollar. BTC could start a fresh...

The recent bitcoin selloff and the dip of the world’s number one digital currency by market cap has several analysts and industry experts flooding the space with comments and ideas regarding where the asset will go from here, and some of them – which are surprisingly coming from Mark Cuban – are rather positive.Mark Cuban: BTC Will Survive the Present OnslaughtIt’s a bit of a shock to see Mark Cuban say anything good towards bitcoin considering he’s been a bit on the bearish side in recent...

Well, it looks like all good luck can’t last forever. Bitcoin, the world’s number one digital currency by market cap, has taken a serious stumble, having fallen back to about $33,000 at press time after spending most of the weekend trading at the $40,000 range.Bitcoin Decides to Step BackThe currency has risen to unprecedented levels, and with these spikes comes some serious repercussions that are potentially coming in the form of a new selloff, which typically tends to happen whenever...

[PRESS RELEASE – Please Read Disclaimer]DMEX stands for Decentralized Mining Exchange. It is a decentralized trading platform for cloud mining power. DMEX is building a cloud mining power trading platform for the average users so that they could enjoy the freedom for participation, transparency in incomes, and liquidity in assets. In order to realize this mission, decentralization is the key. DMEX platform does not rely on third-party suppliers to construct the cloud mining market. Instead,...

As the volatility spikes by the day, Bitcoin’s average transaction fees have scaled to their highest since 2018, around $13.82.Bitcoin price had continued its recovery from the weekend’s plunge on Tuesday. Notably, the asset dropped from trading its all-time high around $41k to around $30k. However, Bitcoin price at the time of writing was trading around $35k according to metrics provided by CoinMarketCap.Having jumped around 4% in the past 24-hours, most analysts infer that the Bitcoin price...

The move by Bilibili to file for a secondary listing in Hong Kong is a clear manifestation of the tension between the United States and the Republic of China.Shares of Bilibili Inc (NASDAQ: BILI) jumped approximately 3.67% in Tuesday’s pre-market to trade around $116.60. Notably, BILI shares closed Monday’s trading session at $112.47, 5.06% down. The spike is attributed to news that the Chinese video-sharing website Bilibili has confidentially filed for a secondary listing in Hong Kong. It is...

In November 2020, Affirm announced that revenue for the fiscal year that ended September 30 had seen a substantial rise year over year.Affirm Holdings Inc., in a filing with the Securities and Exchange Commission (SEC) on January 11, announced that the firm is raising the expected pricing range of its initial public offering (IPO). The payment technology and lending startup is now targeting a valuation of over $10 billion in its stock market launch. The firm made the announcement after an...