Markets

Although there was a notable decline in jobless claims in the United States, those people who expected to receive a stimulus payment before the elections were frustrated after the lawmakers failed to make a deal on it.The number of United States citizens who applied for jobless claims this week dropped by 40,000 to approximately 751,000, according to government data released on Thursday. This is the lowest figure recorded since March indicating the market is opening up slowly. Besides, it is...

Cryptocurrencies have risen in popularity at an exponential rate over the past few years, and while it’s somewhat romanticized by many because of their disconnection between banks and institutions, traders and investors are increasingly wanting the security of having regulatory protection when trading cryptos. As a regulated CFD broker, we’re able to offer them access to crypto markets via our crypto CFD products. We’ve seen a number of crypto exchanges hacked over the past several years with...

Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely.  Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets. According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available to its clients, primarily based in Asia. The company outlined that the Asian market has been continuously...

During the third quarter that ended in September, Shell reported adjusted earnings of $955 million.Multinational oil and gas company Royal Dutch Shell Plc (NYSE: RDS.A) shares jumped approximately 7.14% during Thursday’s pre-market to trade around $24.75. Shell shares closed Wednesday trading at $23.10 having dropped 4.51% during the day. Shell Q3 results were non-predictable.Detailed Shell Q3 ResultsThe jump on Thursday is attributed to news that the company reported better than predicted Q3...

Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry. In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is selected and launched for trading on the platform, its price usually undergoes a substantial surge. Now, the CEO of Binance, Changpeng Zhao, has hinted...

Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way. The cryptocurrency was surging and peaked at another 2020 high. In fact, with a price of $13,865, it came inches away from breaking last year’s record...

EOS traded to a weekly high at $2.755 before starting a downside correction against the US Dollar.The price is currently trading above $2.620 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $2.688 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its rise if it clears the $2.700 and $2.720 resistance levels in the near term.EOS price is holding important supports above $2.600 against the US...

Litecoin price traded to a new monthly high at $60.92 before correcting lower against the US Dollar.LTC price is currently trading above the $55.00 support level and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $56.15 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it stays above the $55.00 support in the near term.Litecoin price is correcting gains from the $61.00 zone...

Bitcoin bulls are trying to regain lost ground after failing to break the high set back on June 26, 2019, at $13,880. This would’ve been the highest price Bitcoin has reached in over 490 days, however, heavy selling pressure and a weakening uptrend caused prices to tank over 7% in under 12 hours. Right now, the leading crypto is back inside a rising channel pattern and stuck under the median line resistance (white dashed middle line on the following chart). Over $17 billion...

Apple Inc has doubled down on its efforts to develop its own search engine similar to that of Alphabet Inc.According to the report by CNBC, the move came amidst the launch of an investigation by the Department of Justice (DOJ) in a bid to investigate the reported sum of money Google pays to Apple for making the former’s search engine the default in all of the latter’s devices.The United States regulators and official meant business not just to ensure that the top tech firms in the U.S....