Markets

Chinese Bitcoin mining firm Canaan has recorded a loss in yet another quarter but is showing positive signs of a recovery as share price and market capitalization spikes. Following a disappointing initial public offering (IPO) last year and declining inventory sales, the company has seen the balance of power shift considerably to major competitors MicroBT and Bitmain.$12.7 Million Loss for Q3 2020Bitcoin miner maker Canaan has reported a 75.7% year-on-year (YOY) decline in net revenue as part...

Bitcoin – the world’s number one cryptocurrency by market cap – has shot past the $18,200 mark at the time of writing. Yesterday, the currency was trading for about $400 less, which in turn, was an $800 jump from its previous price of around $17,000. This was a $2,000 drop from its previous price of $19,000, the highest it had been all year.Bitcoin Continues to Recover From its Recent FallThis is just more proof that the fall was likely a major fluke of sorts. A jump to $19,000 is quite a...

Getting involved in bitcoin and cryptocurrency can be quite risky. Digital currencies are known for being extremely volatile and vulnerable to outside market influence, but according to Didi Taihuttu and his family, not getting involved in bitcoin would have been even risker.Didi Taihuttu Sees Bitcoin As More Than Just a CurrencyTaihuttu is a 39-year-old husband and father of three children. Presently, they all live in a 2,500 square foot that they’re selling – along with everything else they...

So many institutional companies have looked to bitcoin this year to attain their financial hopes and dreams, and now another one is being added to the list that already contains big names such as MicroStrategy and Square. The company is called Count Guggenheim Partners LLC, and it’s making a big bet on the world’s largest cryptocurrency by market cap.Guggenheim Is Turning to BitcoinThe firm is presently placing some of the money from its Macro Opportunities Fund – presently worth $5.3 billion...

A cryptocurrency exchange provides a platform for people to buy/sell cryptocurrencies in a safe environment. An exchange is only functional if there are enough people to trade, especially if it’s a P2P exchange. The market makers are the category of traders that provides liquidity for the exchange, by placing buy/sell ads on the platform. This liquidity is what makes an exchange functional.                                               Remitano Top Ads Bonus ProgramRemitano is a P2P crypto...

Bitcoin has just broken above its previous all-time high of $19,660 on Bitstamp exchange (white dashed line) and is now storming towards the psychological $20,000 level. This is a truly historical moment to behold and has taken the leading asset just under 3 years to fully recuperate the losses from the extreme 2018 bear market.New buying pressure from the US trading session is helping to maintain the surging momentum from this weekend, with the global crypto market capital now quickly...

The long wait is finally over. After three years of grinding through various price levels, Bitcoin finally broke the all-time high value it had set all the way back in 2017.Bitcoin ATH: An Exciting Journey Since 2017Following three long years of waiting, bitcoin has just managed to surpass its previous all-time high set in December 2017 ($19,660 on Bitstamp).Those three years were filled with everything imaginable. Bitcoin went through a prolonged bear market in 2018, which saw many experts...

The DeFi project will link the Basis coin to two other crypto assets: Basis Shares and Basis Bonds. These assets shall control the price of BAC at $1 based on the supply and demand.Decentralized finance (DeFi) project Basis Cash has relaunched its earlier defunct stablecoin Basis back in the market. Stablecoin Basis, previously called Basecoin, had secured $133 million in funding just before the crackdown by the US SEC but had to return everything after the regulatory action.On Monday,...

UK legislators are set to debate the new Telecommunications Security Bill – which encompasses the new rules on Huawei – at second reading in Parliament.It was a huge blow to the Chinese telecommunication company Huawei Technologies Co Ltd after the United States banned its services based on security reasons, but it has become a much worse case after the company lost the United Kingdom market. On Monday, Britain outlined a clear roadmap to eliminate Huawei 5G equipment from UK...

ETH/USD – Ethereum Rebounds From .5 Fib at $495Key Support Levels: $560, $524, $500.Key Resistance Levels: $600, $620, $650.Ethereum dropped from the $620 resistance toward the end of last week as Thanksgiving put a downer on the market. It continued to drop over the weekend as it penetrated beneath $600 and fell as low as $495, where it found support at the .5 Fib Retracement.From there, ETH started to rebound higher as it broke back above $550 to hit $595 at the time of writing. The coin is...