Markets

The EU has realized that the future of finance is digital and Valdis Dombrovskis has indicated that the regulatory push will help to prevent market segmentation within the EU.The European Union (EU) has revealed plans to enact a regulatory framework that will govern cryptocurrencies and stablecoins in the region. According to the EU, some cryptocurrencies or crypto assets already fall under the regulatory purview of the body, but most of the extant regulations were enacted long before the...

Stablecoins value has now hit $20 billion, a new surge. Growing investors’ demand to caution themselves from COVID-19 pandemic effects on crypto and traditional markets is attributed as the main reason. On Thursday, the total value of stablecoins supply surpassed the $20 billion dollar mark, according to Coin Metrics data. In May, more than 4 months ago, the same data agency reported that the total supply of stablecoins had broken the $10-billion record – having earlier surged by more than...

After rising to its all-time high, $8.40, on September 18, UNI token has lost approximately 38% of its value.Uniswap Protocol coin, UNI token, had fallen approximately 6.4% during Friday’s London trading session. The asset was trading around $5.13 (+2.24%) as of the time of writing. Notably, its market capitalization stood at around $657 nillion, while its daily volume stood at $792 million. Although its market capitalization has risen in respect to Monday’s figures, its daily trading volume...

Bitcoin cash price is currently recovering from the $200 support zone against the US Dollar.The price is facing a few important hurdles near $220 and the 55 simple moving average (4-hours).There is a connecting bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $220 resistance or reverse back towards the $200 handle.Bitcoin cash price is holding the key $200 support zone against the US...

Bitcoin is presently trading for about $10,500, which is roughly $100 more than where it’s stood over the past few days, but it’s not quite where we’d like it to be. The fact is that bitcoin hit $11,000 again about 72 hours ago and has failed to keep up that momentum.Bitcoin Is Struggling as of LateThere are many things that appear to be affecting bitcoin, one being the correlation between it and the stock market. As stocks are taking massive tumbles, bitcoin is also suffering, and so long as...

Read this article to learn more about cryptocurrencies and trading as we’ll share our top tips.The cryptocurrency market is decentralized, meaning it is not backed by a central authority like a government or a central bank. It first appeared in 2009 after the introduction of Bitcoin, and it runs across a network of computers as cryptocurrencies are stored on the blockchain and exist only as a digital record. Today, there are multiple cryptocurrency markets as the industry continues to grow...

Google is reviewing its long-term work options for employees, as most of them say they don’t want to come back to the office full-time.Alphabet Inc (NASDAQ: GOOGL) stock fell 3.45% on Wednesday, September 23, 2020, to close the day trading at $1409.39. During Thursday’s pre-market trading session, the shares were trading 0.67% lower. To start with, GOOGL shares are up 5.23% year to date. However, they have dropped 1.63% in the past three months, through Wednesday. The recent sell-off of...

EOS started a fresh decline after a close below the $3.000 support against the US Dollar.The price is trading well below the $2.600 support and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.550 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct higher, but upsides are likely to face hurdles near $2.550 and $2.600.EOS price is back in a bearish zone below $2.500 against the US Dollar, similar to...

Litecoin price extended its decline below the $46.00 support zone against the US Dollar.LTC price traded as low as $41.69 and settled well below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face a strong selling interest near the $46.00 and $46.50 levels in the near term.Litecoin price is currently trading in a bearish zone below the $46.00...

It looks like Ethereum is seeing its reputation suffer due to the growing number of fees on its blockchain. As a result, several projects are looking to other systems through which they can establish themselves.Ethereum Is Losing Customers Left and RightEthereum is the second largest cryptocurrency by market cap and the number one competitor to bitcoin. While it’s not as large a coin or as popular, its blockchain has garnered quite a bit of business over the years given its smart contracts...