Markets

Cryptocurrency exchange WazirX is making its foray into the DeFi ecosystem with the launch of its Automated Money Maker on the Matic Network.Binance-owned cryptocurrency exchange WazirX is set to delve into the decentralized finance (DeFi) ecosystem with the proposed launch of its Automated Market Maker (AMM) Protocol on the Matic Network. WazirX said in a blog post:“We are launching an automated market maker (AMM) protocol and partnering with Matic Network to launch the protocol”.The...

Tron price jumped more than 25% and climbed towards the $0.0325 level against the US Dollar.TRX price traded as high as $0.0325 and recently started a downside correction wave.There is a key bullish trend line forming with support near $0.0260 on the 4-hours chart (data feed via Bitfinex).The pair is likely to bounce back above $0.0280 as long as it is trading above the $0.0250 support.TRON price is currently correcting gains from highs against the US Dollar, similar to bitcoin. TRX price...

Swipe is set to venture into the U.S. market following approval from regulators. The news of the launch caused a rise in the price of its SXP tokens.Swipe Crypto Trading Functionality Coming to 200M AmericansIn a tweet on Tuesday (August 18, 2020), crypto wallet and card provider Swipe announced that it received a go-ahead to launch its services in the United States. According to the announcement, the Binance-owned platform stated that its wallet and debit card would be available in the U.S....

Bitcoin price started a downside correction after it topped near the $12,489 level.The price is declining and it is trading below the $12,000 level and the 55 SMA (H4).There is a crucial bullish trend line forming with support near $11,640 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must stay above the $11,640 and $11,400 support levels to start a fresh increase.Bitcoin price is currently correcting lower from the $12,500 barrier against the US Dollar. However,...

George Ball – a former chief executive of Prudential Securities and present CEO of Sanders Morris Harris – has referred to bitcoin as a “safe haven” in his latest interview, referring to its many properties and qualities that can ultimately assist investors in remaining strong during unprecedented economic times.George Ball: Bitcoin Is Stronger Than We ThinkGeorge Ball isn’t necessarily saying anything that a lot of other people in the crypto space haven’t already thought. However, it’s...

Bitcoin’s exciting bull run might be over as quickly as it started after prices failed to close above the $12,400 daily resistance yesterday. Any hopes of a parabolic continuation will now have to be put on hold as bulls recover from the sharp decline.In the last 24 hours, the global crypto market capital has lost $13 billion from its peak at $387 billion.It’s still unclear what caused the sudden reversal. However, shortly after BTC prices catapulted to $12,400, the leading crypto broke into...

The leading cryptocurrency exchange Binance has assisted Ukrainian authorities to arrest a cybercrime organization that allegedly stole and laundered $42 million from various ransomware attacks across the world.Binance And Ukraine Partner To Stop A Cyber GangLast year, the exchange launched a new initiative, dubbed Bulletproof Exchanger aiming to identify and track hubs of malicious activity involving cryptocurrencies or companies within the ecosystem. Upon discovering such activities,...

There’s just no pleasing some people. Despite how well bitcoin is doing as of late – the currency just swung past the $12,000 mark – Warren Buffett, the CEO of Berkshire Hathaway, is still turning his back on the world’s number one digital currency by market cap and investing in gold.Warren Buffett Invests in Gold Mining FirmNot that there’s really anything wrong with this. After all, the asset has been doing quite well as of late. It’s trading for a high of nearly $2,000 per ounce at press...

Bitcoin has done it. After days… Nay, weeks of waiting, the world’s number one cryptocurrency by market cap has finally broken further resistance and has shot well beyond the $12K position.Bitcoin Has Broken Present ResistanceTo be fair, this isn’t the first moment bitcoin has hit such a mark this year. The currency briefly struck $12K earlier this month, though the price didn’t last long at all. After a few hours, the new level for bitcoin proved too strong for where the currency was...

There’s never a boring day in the cryptocurrency field and things tend to change in the blink of an eye.Just earlier today, the total market capitalization was sitting comfortably at a 14-month high, and it took less than a few minutes for upwards of $10 billion to be wiped off its sheet. This happened as Bitcoin and other cryptocurrencies took a sudden dive.Bitcoin Dives Below $12,000In two violent red candles, the primary cryptocurrency lost about 3.6% of its value as it plunged to a low of...