Markets

The government in Vietnam has threatened to shut down Facebook servers in the country if it does not agree on the new local political content terms.American social media giant Facebook Inc (NASDAQ: FB) risks losing the Vietnam market as pressure from the local government to censor more political content mounts. Over the years, Facebook has received a belligerent reception in Vietnam over political content on its platform. With Vietnam being a major source of revenue for the social media...

[Featured Content]Cryptocurrency trading has become particularly popular throughout the past couple of years. One of the reasons for this is the volatility of the markets. Bitcoin and almost all altcoins, are regularly going through vicious price movements, creating plenty of opportunities for traders to capitalize on.Volatile markets, however, are also very risky. This is especially true when using leverage – something that’s also become incredibly popular throughout the past few years.In...

Bitcoin cash price is holding ground above the key $242 support zone against the US Dollar.The price is now trading above the $252 support and the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $258 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could rally significantly if it clears the $258 and $260 resistance levels.Bitcoin cash price is rising steadily above $250, similar to bitcoin above $18k against the US...

Bitcoin price is tracking inside a pennant pattern right now as candle wicks pinch between two trend lines (yellow). This is a classic bullish continuation pattern and usually results in a strong breakout once the asset reaches maximum consolidation.According to new figures from Skew, the statistical likelihood of Bitcoin’s price ending the year higher than $20,000 – it’s current all-time high – now stands above 25%.Despite this optimism, however, short-term volatility has slackened right off...

XRP/USD – Buyers Struggling To Close Above $0.3 But Remain Supported At $0.272.Key Support Levels: $0.285, $0.272, $0.26.Key Resistance Levels: $0.302, $0.313, $0.321.On Tuesday, XRP surged as high as $0.321 (bearish .886 Fib Retracement). The sellers quickly pushed the market lower from here as they closed the daily candle beneath the $0.302 resistance (1.414 Fib extension).The buyers spiked back above $0.302 yesterday. However, the sellers stepped back in again to make sure the daily candle...

At the time of writing, Macy’s (M) stock is trading at $8.90 which means that it is 1.06% down.The stock of popular American Department store Macy’s Inc (NYSE: M) plummeted in the pre-market following the release of the company’s third-quarter 2020 results which shows a 20% decline in same-store sales. Macy’s which has been in existence since 1929 had a slightly rough Q2 thanks to the coronavirus pandemic that shifted consumer’s focus away from clothing and accessories amid the...

Kurz vor einem neuen Allzeithoch geriet die Rallye des BTC ins Stocken. Die Marke von 18.000 US-Dollar nahm Bitcoin aber spielend. In welche Richtung es nun weitergeht? Die Analysten sind sich bei ihren kurzfristigen Prognosen nicht sicher, doch mittelfristig deutet alles auf einen neuen Höchststand hin.Bitcoin News: Bitcoin Rallye vor neuem Allzeithoch gestopptEin kurzfristiger Sell-Off sorgte für einen kleinen Einbruch unter 18.000, doch dieser wurde nur wenige Stunden später wieder...

The debut of QiSwap, its current partnership with Qtum, and its proposed future alliances may serve as one of the game-changers of the DeFi ecosystem.Emerging decentralized protocol QiSwap is set to launch its mainnet, three months after its public testnet went live. According to a press release shared with Coinspeaker, QiSwap has partnered with the Qtum blockchain to bolster its decentralized finance offerings, through Automated Market Maker (AMM) algorithm.According to the release shared,...

Qtum, the blockchain DApp platform, is set to become the new kid on the decentralized finance (DeFi) block with the launch of the QiSwap mainnet.As the first automatic market-making (AMM) protocol on Qtum, QiSwap brings Uniswap-like features to Qtum, allowing users to easily exchange QTUM and QRC20 tokens and provide liquidity — while benefiting from incredibly fast transactions and minimal transaction fees.After completing several successful testnet phases, QiSwap migrated to the Qtum...

The S&P 500 index has been on the positive side for the better part of the pandemic. The index has gained 10.04% YtD.In a note to clients, Credit Suisse Group AG (NYSE: CS) team led by strategist Jonathan Golub initiated a 2021 S&P 500 (INDEXSP: .INX) target of 4,050. Apparently, with the index having closed yesterday’s trading session at 3,558.75, it would reciprocate to a 12.14% rise if the prediction by Credit Suisse materializes. During the past 52 weeks, the S&P 500 index has...