Markets

Following yesterday’s announcement that Square has purchased $50 million worth of Bitcoin, the asset has reacted with a significant price jump to $10,900. Most altcoins have followed suit and the cryptocurrency market cap has increased by $12 billion.Bitcoin To $10,900 Due To Square?Bitcoin was in a bit of a pickle in the past few days trading around $10,600. Yesterday didn’t appear as a breakthrough day for the asset as it was slowly declining towards $10,540 (on Binance).However,...

Bitcoin’s price has managed to climb $300 today and break bullish out of a 19-day consolidation pattern (white dashed lines). This is pretty surprising considering the recent Kucoin hack, BitMEX investigation from the CFTC, and the potential for a second wave of lockdowns worldwide. In just 6 hours, $12 billion flooded back into the crypto markets, shortly after Jack Dorsey’s Square announced it had purchased 4.709 BTC (approx $50 million). This catapulted the leading...

The Electric Vehicle Grid Integration (EVGI) Working Group of the Mobility Open Blockchain Initiative (MOBI) has developed and launched a global standard for the automotive industry integrating blockchain into a decentralized vehicle charging system.The statement clarified that the standard will initially focus on three main use case areas: peer-to-peer (P2P) applications, tokenized carbon credits (TCC), and vehicle to grid integration (V2G).MOBI COO and Founder Tram Vo said that electric...

Noted on-chain market analyst Willy Woo is of the opinion that Bitcoin’s network fundamentals including blockchain data and infrastructural metrics are going pretty strong. But the BTC market has still not caught up on this ‘moon-like’ action. Willy believes it will, only next year.Bitcoin On-chain Data And Metrics From Infrastructure Players are in ‘Moon Mode’Willy Woo, while tweeting from his official Twitter handle, took a heavily bullish stance on the state of the Bitcoin network. He said...

DeFi markets are seeing a sharp correction amid heavy profit-booking in the market. Over the last week, top DeFi tokens registered double-digit corrections. The positive indicator is DeFi users have multiplied by 3x over the last three months.The Decentralized Finance (DeFi) space has finally entered a massive correction after a blasting summer season. The DeFi market has made a sharp downfall in the last 24 hours with the combined market cap of DeFi assets tanking over 25%. Interestingly,...

Hey Informanten, heute im Gespräch mit Alexander Weipprecht vom Krypto Magazin. Wir sprechen über ein enorm spannendes Thema: „Reich werden mit Kryptowährungen“. Folgende Themen gehen wir durch: – Buy and Hold – Trading – Interest Rate auf Basis von Krediten und Lending – Yield Farming auf Basis von Liquidity Mining – Lending mit Lending Bots – Masternode (direkt oder über Pools) – Staking – Affiliate Marketing (Empfehlung von Produkten)  – YouTube Kanal – –...

The Corion Foundation, the non-profit behind CorionX, a platform that looks to usher in the next wave of adoption for stablecoins, central bank digital currencies (CBDCs), and decentralized finance (DeFi), has now teamed up with the Syscoin Foundation to help address market interoperability issues and drive stablecoin adoption.The new partnership will see the Corion and Syscoin Foundations work together to raise awareness about the benefits and vision of open finance, including stablecoins...

Now, with the advent of the NewsCrypto Mobile Wallet, NWC holders will be able to maintain full control over their tokens without relying on a third-party wallet provider or exchange wallet.NewsCrypto, the massively popular cryptocurrency trading, market analysis, and trading education platform, has just launched its own native mobile wallet, allowing NewsCrypto Coin (NWC) holders to manage their assets from their mobile device. With cryptocurrency hacks and thefts becoming increasingly...

Tesla has a great year with sales skyrocketing every quarter and demand hitting the roof. However, customers have been complaining of strange in-app purchases happening without their consent.Tesla Inc (NASDAQ: TSLA) has been hitting the roof when it comes to its growth over the last year. The American electric car-maker has been smashing new revenue records every quarter making it the largest automobile company with a $400 billion market cap. Tesla stock has jumped over 350% year-to-date....

As the recent report shows, 831 (38%) of the wealthiest individuals were found to reside in Asia-Pacific, making the region account for the highest uber-wealthy who are worth $3.3 trillion.Asia-Pacific region is far ahead when it comes to the number of billionaires than any other region. The stock market rally that is pandemic-induced has propelled the world’s super-rich people’s net worth to a new height.Now, the world has 2,189 billionaires, who enjoy a combined wealth amounting to $10.2...