Markets

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...

Although Snap did not disclose the financial side, it is expected that StreetCred will shut down its platform as part of the acquisition deal.Snap Inc (NYSE: SNAP) stock jumped 3.13% on Monday to close the day trading at $54.38. Meanwhile, SNAP shares were up approximately 1.25% during Tuesday’s premarket. The spike is attributed to news that Snapchat’s parent company Snap has inked a deal to acquire a New York City startup building a platform for location data StreetCred.Being an...

Bakkt projects an all-round growth with a 75% surge in revenue by 2025. This means the value will be around $515 billion with a cash-flow positive expected to take effect in 2023. On January 8, 2021, Bitcoin staged an unprecedented bull run to trade around $41,941 dominating the cryptocurrency market that was enjoying a record market cap of $1.1 trillion. The high addition of gains within a very short time coupled with the trillion market cap got some investors worried over what they claimed...

This past year has been a huge test for financial platforms.The first two quarters crashed the markets, as “coronavirus” and “lockdown” became the defining terms around the world. The reaction of financial assets was entirely predictable: oil plummeted to historic lows, including going negative on some exchanges, the dollar strengthened significantly relative to every other currency, and by the close of the first quarter some analysts were already predicting Bitcoin’s downfall. Nevertheless,...

ADA price rallied towards the $0.3500 level before correcting lower against the US Dollar.The price is now facing hurdles near $0.3000, but trading above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2200 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher once it clears the $0.3000 resistance zone in the near term.Cardano price is recovering losses from the $0.2200 support zone against the US Dollar,...

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...

Ethereum price declined heavily after trading to a new yearly high at $1,350 against the US Dollar.ETH price is currently trading well above $1,000 and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $920 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher if it clears the $1,125 and $1,130 resistance levels in the coming sessions.Ethereum price is recovering nicely from the $920 zone against the US...

It’s quite easy to get caught up in the bitcoin hype. After all, the currency is the face of the digital asset market and presently serves as the largest cryptocurrency by market cap. With its recent jump to roughly $40,000 per unit and the establishment of a new all-time high, it’s hard not to keep our focus and attention on it, but we can’t turn our backs on Ethereum or any of the world’s other high-ranking digital assets, many of which are putting bitcoin’s sudden surges to shame.Ethereum...