Markets

Well, it looks like bitcoin has taken a fall in the past 24 hours, but why?Bitcoin Dips in the Past DayJust a day ago, the world’s number one cryptocurrency by market cap had crossed the $13,000 line for the first time in over a year. The asset had shot up to approximately $13,100 and many were celebrating that things were really turning around for the coin, which had had a rather dismal September.The price expansion came following news that PayPal – arguably the largest digital payments...

The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including the US, the UK, and across Europe. It will be connected to customers’ Coinbase accounts, and they can spend the...

Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation. Raoul Pal: Everything Has Changed In a recent Twitter thread, the Wall Street veteran outlined the rapidly growing COVID-19 cases worldwide. The total number of infected has neared 45...

There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin Price Down $700 in Hours Crypto bulls would have to wait another day as the most recent surge has been halted. Bitcoin’s price lost...

Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation...

ASX Ltd, Australia’s bourse operator, has now pushed the date of its blockchain-based clearing system launch until April 2023.On Wednesday, ASX issued a statement saying that it had conclusively consulted market participants and reached the resolution to move the scheduled launch on April 2022 to now 2023.“The industry … requested substantially more post-trade processing capacity than what had been contemplated pre-COVID-19. This is in response to the extreme increases in trading volumes on...

Having raised substantial capital through the IPO, Root will be able to offset its $200 million debt in the near future.Root Inc, the parent company of Root Insurance Company, has raised $724.4 million through an initial public offering (IPO) after selling 26,830,845 shares of its Class A common stock at a price of $27.00 per share. According to the prospectus, the underwriters have an option of a 30-days period to purchase additional 4,024,626 shares of Class A common stocks.Shares of Root...

BullSwap is a fully decentralized exchange. It’s a 100% on-chain market making which allows swaps to occur between ERC20 tokens in a fully decentralized and secure way.Defi is turning the global economy on its head for the past year. The finance sector is getting more transparent with the Defi movement that is changing the old financial products into trustless protocols that do not require intermediaries. DeFi apps are an amalgam of decentralized applications (DApps), digital assets, and...

The strong Q3 performance of First Solar is reflected in its stock price as the shares have upturned the loss seen on Tuesday and now are over 14% up.The shares of First Solar Inc (NASDAQ: FSLR) has seen a massive surge in the pre-market following the release of impressive Q3 performance. Per the reports, the company reported a Net sales of $928 million with a net income per share coming in at $1.45, a big boost from the $0.35 reported in the second quarter 2020. This performance was better...

Tron price started consolidating in a range above the $0.0265 support against the US Dollar.TRX price is showing positive signs above the $0.0265 level and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance at $0.0272 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase if there is a clear break above the $0.0275 resistance.TRON price is showing positive signs above $0.0250 against the US Dollar, while...