Markets

The free digital yuan currency awarded in the lottery can be spent only in 3389 stores that are set up to handle electronic payments.As China continues to roll out its digital yuan currency gradually into the market, some Shenzhen residents had something to celebrate on Monday as they received free digital yuan into their wallets. According to media outlet AsiaOne, 1,913,847 Shenzhen residents signed up to take part in the latest trial for China’s sovereign digital currency. However, only...

[PRESS RELEASE – Please Read Disclaimer]The last few months have been entirely about Decentralized Finance (DeFi). It’s no secret that Uniswap’s decentralized swap protocol and automated market maker surged in popularity. To some extent, one of the tokens that helped the most was Yearn Finance’s YFI.What was initially intended as a valueless governance token quickly surged to an all-time high of around $44,000, grabbing the entire community’s attention and strengthening the DeFi narrative....

There are concerns that the iPhone 12 proposed to be in the market anytime after the online event today may not meet people’s expectations.Apple Inc (NASDAQ: AAPL), the United States-based tech company behind the iPhone brands is set to unveil its next product the iPhone 12 today. The iPhone 12 which is set to be released at an online event today is the company’s brand which fully incorporates the novel 5G network technology.An analysis made by Reuters has suggested that the iPhone 12...

ADA price is gaining pace above the $0.1000 and $0.1100 resistance levels against the US Dollar.The price is trading nicely above the 55 simple moving average (4-hours) and $0.1100.There was a break above a short-term declining channel with resistance near $0.1080 on the 4-hours chart (data feed via Kraken).The price is likely to further rally and accelerate higher if it clears the key $0.1150 resistance.Cardano price is showing positive signs above the $0.1100 level against the US Dollar,...

Ethereum price extended its rally above the $375 resistance zone against the US Dollar.ETH price is currently trading well above $370 and the 55 simple moving average (4-hours).There was a break above a key bullish flag pattern with resistance near $375 on the 4-hours chart (data feed from Coinbase).The pair is currently consolidating gains, but dips are likely to find support near $365.Ethereum price is showing positive signs above $365 and $375 against the US Dollar. It seems like ETH/USD...

Crypto traders are excited, especially after Bitcoin’s price boost following Square’s millionaire investment in the world’s first cryptocurrency.Bitcoin managed to survive a bearish September above 10K, maintaining its long-term bullish trend. Since the market crash in March, Bitcoin hasn’t lost its momentum, and after an initial recovery – driven in part by the need to build up a reserve of value and in part by the DeFi craze – the token is slowly but surely rising to new highs.The pair...

Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down to the 0.5 Fibonacci level at $11,150, but new bullish momentum from the American trading session has helped drive BTC back above $11,500. With this, Bitcoin charted...

[Featured Content]The crypto derivatives market is having a hard time of late. October began with the news of CFTC civil enforcement action against the centralized crypto derivatives platform BitMEX.BitMEX and its founders, including CEO Arthur Hayes, were charged with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement the required anti-money laundering procedures.Less than a week later, the UK FCA announced a ban on the sale of...

Gemini crypto exchange will be connected to BCB’s API, hereby facilitating seamless transactions with different bank systems.Gemini cryptocurrency exchange is fast encroaching into the European market amid the coronavirus pandemic. After acquiring the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority, the firm has now partnered with BCB Group to provide United Kingdom residents a means to send and receive the British Pound seamlessly.Blair Halliday, Gemini’s...

Although the vaccine by AstraZeneca has not been globally approved, it was used in the treatment of U.S. President Donald Trump.AstraZeneca plc (NASDAQ: AZN) stocks were trading slightly above $55 during Monday’s pre-market, nearly 1% up from Friday’s close. The British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca is developing a coronavirus vaccine candidate with a brand name AZD1222. According to the company, the drug works by using a viral vector (ChAdOx1...