Markets

Ethereum price is gaining pace above the $580 and $600 resistance levels against the US Dollar.ETH price is currently trading well above $600 and the 55 simple moving average (4-hours).There are two key bullish trend lines forming with support near $560 and $520 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher above the $620 and $625 resistance levels.Ethereum price is trading in a nice uptrend above $600 against the US Dollar. ETH/USD is likely to...

The CEO of Visa – Alfred Kelly – is weighing in on where he sees bitcoin going in the next few months.Kelly: The Payment World Is About to Really Open UpNo doubt bitcoin has had a rather strong year (it’s probably been the only thing that’s remained strong throughout 2020). Things aren’t necessarily looking up for cash, checks and other traditional payment methods once the coronavirus is dead and gone. Kelly believes that the world is likely going to transition to digital payments in such a...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

Despite the significant yields available in DeFi, many institutional and mainstream retail investors are hesitant to enter, due to the risks factors associated with DeFi. Ether.Insure is here to change the situation.On 23rd of November, Coinspeaker interviewed Allan Henderson, Co-Founder of Ether.Insure, on his views about where the entire DeFi space is headed.With Bitcoin coming close to its previous all-time high, how has this impacted the DeFi space?Positive price movements breed positive...

The world of crypto is increasingly moving towards a larger intersection between the traditional world of finance and that of cryptocurrency.The crypto industry is gaining momentum again with Bitcoin soaring to new heights. It will likely touch the figures as high as that from the bull run of 2017-2018. With all eyes of the financial world in the crypto market again, we will see intense competition among companies. At the end, we will see a few players emerge out as winners. The battleground...

Recently, the Chinese regulators subjected the likes of Tencent Holdings Limited (OTC: TCEHY), Meituan (OTC: MPNGF), and Alibaba Group under critical scrutiny.Daniel Zhang, the CEO of Alibaba Group Holding Ltd (NYSE: BABA), in a World Internet Conference held at Wuzhen declared his support for the draft released by the Chinese regulators to curb internet giants and check their monopolistic behavior in the fintech market. The regulator’s decision recently caused the Ant Group‘s IPO led by the...

Many blockchain and digital asset companies find it hard to advertise effectively. Not only have these companies been barred from mainstream advertising networks like Facebook and Google Ads, but they must often work with individual publishers or subpar advertising companies to market their services/products.In order to solve this issue and to bring a wider diversity of marketing strategies to companies in the cryptosphere, the Paradox Group, a marketing agency focusing on advertising for...

Bitcoin bulls have managed to buy up another dip today after prices slumped $650 during the morning’s early hours. This is the second significant price crash to have taken place over the last 48 hours, with BTC tumbling $1,000 yesterday to a low of $17,600 before correcting (marked by a white arrow on the following chart).According to popular crypto analyst Willy Woo, there has been a substantial spike in the number of ‘Bitcoin days destroyed’ recently. This refers to the number of bitcoins...

Regeneron noted that the initial dose of its COVID-19 drug will be released through a federal government allocation program to approximately 300,000 patients across the country.Regeneron Pharmaceuticals Inc (NASDAQ: REGN) stock has jumped 4.67% during Monday’s pre-market to trade around $542.97. REGN stocks closed Friday trading at $518.74, after adding 0.74%. The spike during Monday’s pre-market is attributed to news that Regeneron Pharmaceuticals’ COVID-19 drug has been approved for...

Stellar lumen price is showing a lot of positive signs above $0.1000 against the US Dollar.XLM price tested the $0.1120 resistance zone and it is now well above the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.1090 on the 4-hours chart (data feed via Kraken).The pair could correct a few points, but dips are likely to be limited below $0.1000 and $0.0980.Stellar lumen price is trading in a bullish zone above $0.1000 against the US...