Markets

Blockpit, an Austrian compliance expert and developer of software solutions for digital assets, has acquired its biggest competitor, the German startup CryptoTax. Both regtech companies provide tax software for cryptocurrencies.European proficients in cryptocurrency tax reporting decided to combine their brains in order to enter markets in the United States and Canada. Austria-based crypto compliance expert, Blockpit, finally realized its partnership with German adversary CryptoTax, the...

The drop in TSLA shares price is largely attributed to the fact that the Tesla company hasn’t been added as the new member to the S&P 500 index.After enjoying a profitable first half of 2020, Tesla Inc (NASDAQ: TSLA) shares seem to enter the black zone. Notably, the shares have been on the losing streak in the past five days, only to be worsened during Tuesday’s pre-market after dropping over 14% to trade around $359.The sudden drop is largely attributed to the fact that the Tesla company...

Nio reported that it had completed deliveries of 3,965 vehicles in August, marking an impressive year-over-year rise of 104.1%. However, the stock hasn’t reacted positively to this announcement.The Chinese based electric auto vehicle producer Nio Inc (NYSE: NIO) has reported record vehicle deliveries for the month of August. Meanwhile, today NIO stock is 4.95% down (at $17.09) in the pre-market, despite the positive news.Nio, a pioneer in the Chinese electric vehicle space noted that it...

As the trade war persists between China and Trump’s administration, Investor Sam Le Cornu said China would make good money via the IPO market.Amid tensions between Washington and Beijing, the CEO of Stonehorn Global Partners, Sam Le Cornu said a “huge amount of money” will be returning to China through the IPO space. Some companies primarily listed in the U.S. are already on the Hong Kong stock exchange (HKG) through secondary listings. Examples are Alibaba Group Holding Ltd (HKG: 9988),...

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.‘BTC on Ethereum’ Number Going up ExponentiallyAccording to data published by Elias Simos on the on-chain analytics platform, Dune Analytics,...

ADA price extended its decline below the $0.1000 support zone against the US Dollar.The price is currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0950 and $0.1000 levels in the near term.Cardano price is currently consolidating above $0.0850 against the US...

LN Markets, plateforme de trading de produits dérivés fonctionnant sur le Lightning Network, vient d’annoncer une levée de fonds d’amorçage auprès de Bitfinex, Arcane Crypto et Fulgur Ventures. « Les exchanges jouent plusieurs rôles : custodial, carnet d’ordre, et parfois market maker, concentrant les risques et favorisant les conflits d’intérêts. Retirer ses fonds est une façon de mieux contrôler ces risques. Or, l’interaction avec les exchanges est souvent pénible, coûteuse et...

Ethereum price declined sharply below $400 and found support near $310 against the US Dollar.ETH price is likely forming a support base above $310 and it might start a decent recovery.There is a key bearish trend line forming with resistance near $355 on the 4-hours chart (data feed from Coinbase).The pair could recover towards the 55 simple moving average (4-hours) if it clears the $360 resistance.Ethereum price is showing a few positive signs above $340 against the US Dollar. It seems like...

Andrew Bailey – governor of Britain’s Central Bank (BCF) – is clearly not a bitcoin fan.Andrew Bailey: BTC Has No Connection to MoneyIn a recent webinar hosted by the financial institution, Bailey took the time to explain bitcoin, stable currencies and central bank digital currencies (CBDCs). While he was relatively positive about the latter two entities, bitcoin appeared to rub him the wrong way, and he wasn’t very complimentary of the world’s number one digital currency by market cap.In the...

In the crowded online CFD trading market, ROInvesting stands out as one of the fastest-growing, technologically advanced CFD platforms. Operated by Cyprus based Royal Forex Limited, ROInvesting is a regulated platform (CySEC license: 269/15) offering a range of trading products since 2017.The list of CFDs on ROInvesting includes more than 40 forex currency pairs, popular cryptocurrencies, shares of leading global companies, precious metals, commodities, top indices like DOW 30, DAX 30, Nasdaq...