Markets

Bitcoin has risen by roughly $300 today in a surprise twist. While this is nothing to get excited about just yet, it does mean that bitcoin is once again in the five-figure range. As of this morning, it’s been trading for just over $10,200.Bitcoin Has Risen Slightly Over the Past 24 HoursThis potentially puts all the worries that analysts had about bitcoin falling below the $10K line to rest granted the world’s largest cryptocurrency by market cap can potentially remain above this level. If...

So much for ‘this is the last time you’ll see Bitcoin under five figures”.Bitcoin price is now hovering along the top of the unfilled CME gap at $9,925, and looking very likely that it will break down to $9,665 soon to close it off. This anticipation of more downside in the short-term has been reflected by the global crypto market capital, which has fallen by a further $15 billion in the last 24 hours.It is hoped, however, that once the gap is filled, there will be nothing holding back the #1...

Samsung recently won a $6.64 billion order from Verizon to provide network solutions. The win will help Samsung expand services to more countries.Samsung Electronics Co Ltd (KRX: 005930) recently won a $6.6 billion order from Verizon Communications Inc (NYSE: VZ). With this new development, the electronic company will provide wireless communications solutions to Verizon in the U.S.On Monday, Samsung unveiled its latest win with Verizon, which will help the electronics company’s growth in...

The decline recorded in the tech stocks in the past week appears to have spiked fears amongst SoftBank’s investors.The shares of Japanese multinational conglomerate holding company SoftBank Group Corp (TYO: 9984) have plunged by about 7% amid upturned stock bets which unnerved the company’s investors. The conglomerate’s bets on equity derivatives pegged to listed technology companies have made the investors uncomfortable amid the incessant market decline.As reported, the Chief Executive of...

Centralized exchanges are facing the harsh reality of losing out to DeFi protocols that don’t have as many costs involved with transacting. The only way to get back in the game is to launch their own DeFi products to lure customers back, and liquidity farming is the most popular activity in the industry at the moment.Huobi Hunting DeFiThe Singapore-based crypto exchange, Huobi Global, has just announced a DeFi liquidity mining campaign beginning today, September 7. The incentive is the first...

Stellar lumen price started a major decline from the $0.1020 resistance against the US Dollar.XLM price is now trading well below the $0.0825 support and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.0785 on the 4-hours chart (data feed via Kraken).The pair could start a decent recovery if it clears the $0.0800 and $0.0825 resistance levels.Stellar lumen price is trading in a bearish zone below $0.0800 against the US Dollar, similar to...

[PRESS RELEASE – Please See Disclaimer]7 September 2020, 8:00am UTC– Binance Futures is hosting its 1st Anniversary Trading Tournament with over $1,600,000 USD in BNB tokens to be won. The tournament follows Binance Futures’ 1st Anniversary Video Competition.Binance Futures has become the global leading crypto derivatives trading exchange in under a year, providing users with 60 futures contracts and 12 leveraged tokens, the most varied range of futures pairs in quantity and variety.Binance’s...

Ethereum’s price has been freefalling in the past few days, losing nearly $200 of value at one point. According to a recent report, the price drop came shortly after the top 100 ETH exchange addresses dumped over 1 million tokens.ETH’s Recent Price Dump Predicted By Sell-Offs?Just until a few days ago, ETH’s price was on a roll. The second-largest cryptocurrency by market cap soared to a 2-year high at about $490. With such an impressive bull run, the community wondered how long it would take...

Ripple price started a strong decline from well above the $0.2750 level against the US dollar.The price is currently trading well below the $0.2500 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.2390 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower below $0.2280 as long as it is below $0.2450.Ripple price is trading in a bearish zone below $0.2500 against the US...

Bitcoin has reduced its high volatility as of late and remains above $10,000. The rest of the market shows recovery signs, including Chainlink, which is back in the top 5, and SushiSwap’s triple-digit price surge has returned SUSHI in the top 100.Bitcoin Stays Above $10KAfter a few consecutive days of massive price fluctuations, in which BTC lost $2,000 of its value, the past 24 hours were relatively calm. Bitcoin bounced off $10,000 again but since then pumped to the intraday high of...