Markets

The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark.The duo of major cryptocurrency exchanges Coinbase and Binance suffered temporary technical issues as the crypto market went into a frenzy ushering in bouts of sell-offs that placed the exchanges under pressure.The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark. The first-ever digital currency has thus been spiraling down and...

Macy’s jumped over 6% at the pre-market. The surge is attributed to the stronger than anticipated 2020 Q2 results across all its three brands: Macy’s, Bloomingdale’s and Bluemercury.After releasing its 2020 second-quarter results, Macy’s Inc (NYSE: M) stock shot up more than 6%, whereby at the time of writing they were trading at around $7.44.Shares of the American department store chain have seen a very rough year, having lost over 58% year to date through Tuesday. However, things seem to...

The market for decentralized finance (DeFi) solutions has skyrocketed in the past four months as investors are happy to stake their cryptocurrency in various lending protocols to earn astronomically high returns.Back in March this year, the total value locked in protocols of the kind was just about $550 million. Now, the TVL has surged to just shy of $9.5 billion, marking an increase upwards of 1600%.The trend, commonly referred to as yield farming is only growing stronger as more and more...

Tron price started a strong rise above the $0.0300 resistance zone against the US Dollar.TRX price traded as high as $0.0373 and it is currently consolidating gains.There is a major bullish trend line forming with support near $0.0315 on the 4-hours chart (data feed via Bitfinex).The pair could correct a few points, but dips are likely to remain bid near $0.0340 or $0.0315.TRON price is trading in a strong uptrend well above $0.0340 against the US Dollar, while bitcoin is struggling near...

Bitcoin price is trading nicely above the $11,600 and $11,800 support levels.The price traded as high as $12,086 and it is now well above the 55 SMA (H4).There is a major bullish trend line forming with support near $11,820 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above $12,000 as long as the $11,600 support is intact.Bitcoin price is currently trading in a bullish zone above $11,600 against the US Dollar. BTC could accelerate...

Huobi Futures – a crypto derivatives market of Huobi Group – is unveiling new bitcoin options trading, which will go live today on September 1.Huobi Opens BTC Options Trading for BusinessHuobi has been on a roll in 2020 during a time when most companies are likely suffering and taking on debt thanks to the growing coronavirus pandemic. Earlier this year, the company released a program known as Huobi Futures’ Perpetual Swaps as a means of giving traders a larger chance to hedge their wealth...

No doubt about it… The DeFi (decentralized finance) space is growing like there’s no tomorrow. One of the biggest coins within the arena to be expanding lately is known as yearn finance (YFI). Thus far, the coin is up more than 3,500 percent since last month.YFI Has Surged in Recent WeeksWhile everyone wants to make such a big deal out of bitcoin this year – the currency is presently up more than 40 percent since the beginning of 2020 – this is nothing compared with YFI, which has also put...

With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever.Ethereum miners have lately been cashing out at a higher rate through the consumers’ transaction fee collection meant to maintain the system. According to Glassnode, an on-chain market analyst, Ethereum miners saw a record profit of over $500,000 in transaction fees in one hour.He further...

The new feature by Huobi comes at a time when Bitcoin is experiencing a heightened system activity that is anticipated to trigger a bigger bull run than the previous one.Through a press release published on August 31, Huobi Futures announced that it would launch Bitcoin (BTC) options for trading on Tuesday, 10:00 UTC.According to the company, the new product launch follows the successful roll-out of Huobi Futures’ Perpetual Swaps that took place earlier this year, whereby it aims to give...

[PRESS RELEASE]HONG KONG, Aug. 28, 2020  – Crypto.com today announced that Crypto.com Pay — the company’s payment solution for online merchants — will now support CRO payments from any ERC-20 wallet. This evolution of Crypto.com Pay will help merchants expand their reach by giving customers more wallet options to spend CRO and increase transaction volume.There are an estimated 30 million+ ERC-20 wallets in use throughout the global crypto industry, representing a massive market for merchants...