Markets

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the election started in the US, BTC started to surge. Initially, it found resistance at $14,190 but this was penetrated yesterday as Bitcoin surged all...

The new $5.3 billion valuation is a significant increase from the $3 billion reported by Pony.ai in February.Chinese autonomous car firm Pony.ai has secured $267 million in another round of funding that brings its valuation to $5.3 billion. In total, the autonomous-automobile firm has raised $1 billion through funding.According to a CNBC report, it was a fund run by the Ontario Teachers Pension Plan Board that led the investment. Notably, other investors of Pony.ai also participated in the...

On an overall scale, the third quarter’s total company revenue amounted to $3.03 billion, up from $1.27 billion in the third quarter of the previous year.On Thursday at the market close, Square Inc (NYSE: SQ) published in its Q3 investor letter that during the third quarter of 2020, it has realized a Bitcoin revenue of $1.63 billion. This means that the revenue had surged approximately 11x from last year’s third quarter. The App has also seen an increase in Bitcoin transactions, which made it...

Tyler Winklevoss, the co-founder of the US-based cryptocurrency exchange Gemini, believes that the US stimulus packages are a “code for buy Bitcoin.” The former business partner of Facebook founder Mark Zuckerberg commented on a speech by the US Federal Reserve Chair Jerome Powell. Cameron and Tyler Winklevoss. Image Source: CNNIn it, Powell said that the “current economic downturn is the most severe in our lifetime, and it will take a while to get back to the levels of...

Bitcoin has enjoyed the past several weeks with impressive price increases registering fresh yearly highs. As its price touched $16,000 hours ago, the community has become overly optimistic, according to a popular metric called the Fear & Greed index. However, history shows that similar scenarios could lead to steep price drops. Extreme Greed Takes Over BTC It’s safe to say that Bitcoin has entered a bull market after gaining over $5,000 in about a month. Apart from...

[PRESS RELEASE – Please See DIsclaimer] San Francisco, USA – November 4, 2020 – The NASDAQ-equivalent fantasy stocks exchange, TradeStars, announced today the launch of its new governance token, TSX, which allows users to monetize that knowledge based on athletes’ real-time performance. With over 30,000 users, TradeStars launched its public “sporting stock exchange” in January 2020. Designed to mirror the NASDAQ or New York Stock Exchange (NYSE), TradeStars measures athletes’...

The cryptocurrency community is buzzing with reports and tweets about the prices. Bitcoin is frequently marking fresh yearly highs. Even the 2019 record of nearly $14,000 was taken down and seems far behind. Just yesterday, the primary cryptocurrency gained about $1,500 of value in 24 hours. As something similar occurred precisely three years ago, before the all-time high of $20,000, it got the community speculating and anticipating a new record. Although most alternative...

Bitcoin cash price started a fresh increase after testing the $230 support against the US Dollar.The price is back above the $245 resistance and testing the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $258 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to start a strong rally if it clears the $255 and $258 resistance levels.Bitcoin cash price is gaining momentum above $245, similar to bitcoin...

Momentan steigt der Bitcoin-Preis um ca. 4% pro Monat. Unbeeindruckt von den US-Wahlen kennt der Bitcoin-Preis momentan nur eine Richtung: Nach oben. Der in der Bitcoin-Szene bekannte Bitcoin-Analyst Plan B rechnete aus, das Bitcoin seit ca. 200 Wochen im Schnitt 4% pro Monat zulegt. Bitcoin-Preis steigt auf 1000 US-Dollar Heute Mittag war es wieder einmal soweit: Der...

At present, NIO stock is one of the highest Wall Street targets with the average Buy rating. Year-to-date, NIO shares are 838.06% up. NIO market cap is $48.36 billion.Chinese electric vehicle producer Nio Inc (NYSE: NIO) became one of the biggest calls on Wall Street on Wednesday. NIO stock rose by over 8% during the trading session as Citigroup analysts upgraded their price target for NIO from $33.20 to $46.40. NIO stock closed 6.23% up, at $37.71. In the pre-market today, it is further...