Markets

The definitive agreement will ensure that KKR & Co purchases the majority of the stakes by owning 65% of Walmart’s ownership in Seiyu GK with Rakuten purchasing 20% of the stake.Walmart Inc. (NYSE: WMT) has offered its 85% shares in Seiyu GK to the Japanese e-commerce giant, Rakuten Inc (TYO: 4755) and KKR & Co Inc (NYSE: KKR). The deal means Walmart is nearly exiting the Japanese market after facing stiff competition and recording low margins in the last few years. Seiyu GK has been...

Bitcoin is the new gold, said Thomas Fitzpatrick – a Managing Director in the giant multinational bank Citibank. He also predicted that BTC could skyrocket to $318,000 per coin in the upcoming 13 months by exploring several historical price cycles and the ongoing economic uncertainties. Bitcoin Is The Gold Of The 21st Century Fitzpatrick has spent 22 years as the Global Head of Citibank’s G10 Forex business arm called Citi FX Technicals. Apart from analyzing the foreign...

Hong Kong-based cryptocurrency exchange KuCoin aims to enter the non-fungible token market as its liquidity trading platform Pool-X will open deposits of NFT assets starting November 16th. Pool-X will launch an exchange platform designated for NFT tokens in the upcoming months. KuCoin To Launch An NFT Exchage According to the announcement from earlier today, the Pool-X platform will open the deposit services of Dego.Finance NFT assets from November 16th. Withdrawals will...

Stellar lumen price is still struggling to gain pace above $0.0850 and $0.0860 against the US Dollar.XLM price is holding the key $0.0780 support, but it is below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.0832 on the 4-hours chart (data feed via Kraken).The pair could either decline sharply below the $0.0780 support or start a sharp rise towards $0.0900.Stellar lumen price is trading near a major support at $0.0780 against the...

Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of $16,500. After conquering this significant milestone, however, the primary cryptocurrency slumped. The weekend didn’t produce any...

Ripple price started a strong increase above the $0.2600 and $0.2650 resistance levels against the US dollar.The price rallied towards the $0.2780 level and settled well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2650 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid and it seems like the bulls are eyeing more gains above $0.2750 and $0.2780.Ripple price is gaining pace above the...

Bitcoin’s price is now back on the key S/R zone (top green bar) between $15,900 and $15,860, as low weekend trading volume puts the brakes on bullish momentum. Since setting a new high of $16,475 on November 13, the leading crypto has printed 4 consecutive lower highs over the 4-hour time frame and is now tracking in a downtrending channel (blue channel). Global Crypto Market Capital chart by CoinmarketcapThe global crypto market capital has also broken away from its...

Like the vast majority of tools and features on NewsCrypto, the Trading Simulator is provided free of charge to all registered users. This year, the vast majority of cryptocurrencies have exploded in value, and many are now at or close to their highest value in 2020 so far. As a result, there has been a surge in interest in the market, and a large number of cryptocurrency traders are pulling in impressive returns.But it isn’t without its risks. Cryptocurrency trading can be a double-edged...

Although BTC has recovered from the two dips beneath $16,000, so far over the weekend, the asset struggles with decisively reclaiming the coveted price level and the area between $16,000 – $16,250. Larger-cap altcoins have also lost some steam, but DeFi tokens have surged in value. Bitcoin Stalls Around $16K Bitcoin’s impressive performance as of late drove the asset from a low of about $15,100 on November 10th to a new yearly high of $16,500 last Friday. The community began...

Bitcoin has gained quite a bit of momentum this year and is adding fans to its roster at an unprecedented level. At the time of writing, the world’s number one cryptocurrency by market cap has added another newbie to its list of major admirers. That newbie is Stanley Druckenmiller, a legendary hedge fund manager who now says he owns some bitcoin for the first time – and he seems to like it.Druckenmiller: BTC Is a Major New Asset ClassThe idea behind bitcoin’s sudden rise in popularity is that...