Markets

Shanghai-based wealth management company Lufax is looking to raise up to $2.36 billion in its proposed Initial Public Offering for eventual listing on the New York Stock Exchange.Per the report from CNBC, Lufax noted that it would be issuing out 175,000,000 million American Depositary Shares (ADS) and that it would be giving out the shares for a price in the range of $11.50 to $13.50 per share.Quantitative estimation of the proposed earnings should all the American Depositary Shares be bought...

During the fiscal third quarter that ended on September 26, Intel reported $1.11 EPS on an adjusted basis with a revenue of $18.33 billion.Intel Corporation (NASDAQ: INTC) shares tumbled approximately 10% during Thursday’s after-hours trading session to trade around $48.85. The dip is attributed to the mixed Q3 results that the company released yesterday. Whereby, Intel reported a 4%  revenue decline on an annualized basis in the quarter that ended on September 26. The Silicon Valley...

Bitcoin cash price rallied and gained pace above the $250 and $265 resistance levels against the US Dollar.The price traded to a new monthly high at $275 and it is well above the 55 simple moving average (4-hours).There is likely a bullish continuation pattern forming with resistance near $272 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to resume its upward move if it clears the $272 and $275 resistance levels.Bitcoin cash price started a strong...

Bitcoin has been on fire during the past 48 hours, thanks to the ‘PayPal crypto on-ramp launch news.’  What is even more interesting to note is BTC’s future market outlook. Veteran trader and analyst Peter Brandt said that the cryptocurrency is about to log its second-highest monthly close since it started trading first. Brandt says this is a direct result of institutional involvement. Bitcoin Poised To Log Second Highest Monthly Close An accomplished forex and stocks trader...

Usually, when Bitcoin is making impressive moves, many who has FOMO may take a dive into storing up on the coin, while this may complement the recent moves, its impacts may not be long-lasting.Bitcoin (BTC) price has a surge that raises its price to a 16-month high following the announcement that PayPal Holdings Inc (NASDAQ: PYPL) has launched its long-anticipated crypto payment service that will aid merchants to receive payments for goods and services in Bitcoin (BTC), Ethereum (ETH),...

The new referral program of StormX provides a win-win opportunity for both existing as well as future users. The existing users can earn up to $1000 for each referral. On the other hand, new users will benefit from the platform’s cashback rewards system.On Wednesday, October 21, cryptocurrency rewards platform StormX introduced a new referral program for its users. StormX is a popular player in the market and allows users to earn cash back for shopping across 500 online stores worldwide. The...

On Thursday, October 22nd, BTC corrected after the preceding aggressive growth; nonetheless, the market still hopes for a new wave of growth. The coin is generally trading at $12,807 USD.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin (BTC) today: tech analysisThe BTC rate renewed this year’s peak.PayPal will start supporting crypto.On W1, the quotations are developing ascending dynamics and are now bouncing off 61.8% Fibo, which stimulates further growth to the target level of...

As part of the deal, the LGO and VGX token holders can swap their holdings to the new token that will come with decentralized finance (DeFi) features along with the function of staking rewards.On Thursday, October 22, licensed and publicly traded digital asset brokerage company Voyager Digital announced its merger with the French crypto exchange LGO through its new buyout offer. The company sees this acquisition as expanding its institutional services while stepping into the European...

Bitcoin price has managed to avoid all 3 unfilled CME gaps this week and go on to break the $13,235 level for the first time since July 10, 2019 – 469 days ago. The catalyst for the 11% surge was the breaking news from PayPal yesterday that the payments giant will soon facilitate BTC and other crypto-asset payments. According to data from Datamish, the Paypal rally caused a $70.8M short squeeze on BitMEX as an eye-popping $31 billion returned to the crypto market during...

While Goldman Sachs is neutral on Peloton shares, KeyBanc Capital Markets analyst Edward Yruma raised his price target for the shares in anticipation of imminent bullish price moves.The shares of Peloton Interactive Inc (NASDAQ: PTON) is taking a big bearish dive after an analyst from Goldman Sachs Group Inc (NYSE: GS) revised his position on the stock. The analyst Heath Terry revised Peloton Interactive’s shares to neutral from the previous buy rating and attributed this to the overvalue of...