Markets

During the September 30 event, Google is set to reveal an updated version of Pixel 4a that will support the connection to the 5G network.Google LLC (NASDAQ: GOOG) (NASDAQ: GOOGL) is set to launch a bunch of updated hardware at the tail end of the month. The company is striving to remain relevant in the smartphone industry with its pixel generation expected to be upgraded during the upcoming event. According to details provided by media outlet TechCrunch, the Google company will be announcing...

ADA price is currently consolidating above the $0.0920 support zone against the US Dollar.The price is facing a strong resistance near the $0.0980 level, but it is above the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.0985 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0985 and $0.1000 resistance levels in the near term.Cardano price is currently consolidating above $0.0920...

Ethereum price is recovering nicely and trading above the $355 resistance against the US Dollar.ETH price is showing positive signs above $370 and the 55 simple moving average (4-hours).There is a crucial rising channel forming with support near $363 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it clears the $390 and $400 resistance levels.Ethereum price is showing many positive signs above $355 against the US Dollar. It seems like ETH/USD is aiming a...

The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities.Crypto Regulations UnderwayAccording to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated that the aim of the proposed regulation was to promote market efficiency and transparency and not...

Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark.The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the green and drive BTC prices above the 4-hour 50 and 200 EMA lines.While this seems pretty positive right now, we could see a temporary correction soon if BTC breaks into...

Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak.On the Bitcoin blockchain, as the amount of BTC being transacted increases, the number of transactions decreases. In other words, “the larger the movement of coins on the Bitcoin blockchain, the...

As the coronavirus pandemic persists, the OPEC trimmed outlook on oil demand in 2020, and the first six months in 2021.The Organization of the Petroleum Exporting Countries (OPEC) has revised its 2020 and 2021 outlook for oil demand. According to the organization, the pandemic’s negative effect on the Asian region’s oil demand may extend to June next year.According to a monthly report released on Monday, OPEC trimmed its outlook for global oil demands to a daily average of 90.2 million...

Saudi Aramco’s market capitalization is currently 7.926 trillion Saudi Riyals (US$2.1 trillion), while Apple’s valuation is below $2 trillion.The renowned oil conglomerate Saudi Arabian Oil Co (TADAWUL: 2222) has once against surpassed American based tech giant Apple Inc (NASDAQ: AAPL) in market capitalization. The overtaking of Apple by the oil behemoth Saudi Aramco comes after tech stocks suffered a blow causing a dip in Apple’s valuation.Saudi Aramco has stood strong amid oil price slumps...

It is a strategic partnership that will see both Merck and Seattle Genetics venture new market opportunities as the market demand for specialized and less harmful drugs sharply increases amid the crisis.Shares of Seattle Genetics Inc (NASDAQ: SGEN) jumped slightly over 16% to trade around $175 during Monday’s pre-market in reference to Friday’s close, $149.97. At the time of writing, teh stock was 10% up, at $165. The drastic change during the weekend is largely attributed to the news that...

The digital yuan introduction is seen as a silent way for the Chinese government to make a huge move in accordance with the global market need and also a way to control the fast-growing ‘uncontrolled’ crypto industry.Through an opinionated blog post by Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), highlighted some of the final expected touches to see a digital yuan come true successfully.Since the bank announced on October 31, 2019, the plans to implement digital yuan...