Markets

Crypto started off with a bang, but later in March, just like many other sectors, it started to fluctuate because of the COVID-19 crisis. Many skeptics expected Bitcoin to drop and for the pandemic to mark the beginning of the end for crypto, but things didn’t go that way. In fact. The drop of cryptocurrency and the drop of the stock market were only correlated for a short while, and Bitcoin’s drop was mainly a liquidity issue because, like gold, it was oversold. In reality, crypto made a...

The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew.The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation.Correspondence between gold and bitcoin prices will last for as long as the global economy continues to suffer Covid-19 fallout.The bitcoin-gold correlation has hit its highest level on record, according to data from...

Chainlink has now dropped by a total of 27% over the past week as it crashes beneath $9.00 today.The coin is trading at support at the July high-day closing price as the bulls attempt to stall the downtrend.Against Bitcoin, LINK has fallen into the support at the .618 Fib Retracement at 0.000826 BTC.LINK/USD – Bearish Momentum Reaches Oversold ConditionsKey Support Levels: $8.67, $8.05, $7.66.Key Resistance Levels: $9, $10, $10.40.Five days ago, LINK penetrated beneath crucial support at the...

In a recent report on stablecoins, the European Central Bank (ECB) questioned the accuracy of their name arguing that it may be misleading to users. The paper also highlighted that stablecoins could have a significant role in a digital economy if adequately regulated.The Name Stablecoins May Not Be A Proper Fit: ECBWhether they are backed by a fiat currency like the US dollar or commodities such as gold, stablecoins were created to provide a “stable” alternative to the highly volatile...

The new development comes just moments after Binance was criticized that it usually lists DeFi projects as soon as they are launched without giving projects time to prove their market credibility.On Monday, the global crypto exchange announced this new measure regarding the acquisition of DeFi tokens that filters out viable users based on their risk appetite. The creation of the so-called Innovation Zone, as Binance CEO Changpeng Zhao explained, will act as protection that buffers the less...

WM Motor is reportedly planning to file for a listing on Shanghai’s Nasdaq-style STAR Market in early 2021.The electric vehicle industry has taken a huge lift off during the pandemic, with several of China’s EV companies taking the center stage in the global market. Through its official website, WM Motor announced that it has raised capital through different investors to further its course.The company wrote that it “completed a D round of financing of 10 billion yuan , which is the largest...

[Featured Content]RSK is a popular smart contract platform. It expands the existing functionalities of Bitcoin’s network by delivering greater scalability and the possibility to create, deploy, and import smart contracts on top of Bitcoin’s network. RSKSwap, created by the developer ecosystem, is another contribution to the DEX market, which has seen exponential growth all along 2020.Enter RskSwapRSK Swap is a class of decentralized exchange that allows users to swap various ERC-20 tokens...

Apple CEO Tim Cook said he is impressed with employees’ effective remote work. But he thinks that workers can return to the office by next year.Apple Inc (NASDAQ: AAPL) CEO Tim Cook recently said he is impressed by staff performance with remote work. He said that some things “work really well virtually”, and further suggested that remote work for Apple employees may continue for much longer. Many companies, including Apple, were forced to temporarily shut down services at the peak of the...

According to the series of tweets by Musk, Tesla is largely going to focus on battery cell production, which should take maximum speed in two years.Tesla Inc (NASDAQ: TSLA) stock dropped approximately 4.20% in respect to yesterday’s close, to trade around $430.50 during Tuesday’s premarket. Notably, the shares had managed to add around 1.64% on Monday. The sudden drop of Tesla stock during Tuesday’s premarket is largely attributed to comments made by its CEO, Elon Musk about Battery Day.With...

Nachdem die Winklevoss Zwillinge jahrelang an einem Bitcoin-ETF gearbeitet haben, wird dieser nun ganz ohne ihr Mitwirken Realität. Allerdings wird der BTC-ETF vorerst nur über eine Börse der Bermudas erhältlich sein.Bitcoin News: Erster Bitcoin-ETF noch in diesem Jahr verfügbarHashdex aus Brasilien und Nasdaq haben sich zusammengetan, um den Bitcoin-ETF auf der Börse „Bermuda Dtock Exchange“ möglich zu machen. Das offizielle OK wurde bereits am 18. September gegeben und es wird erwartet,...