Markets

Following the latest developments and price movements from Ethereum, the second-largest cryptocurrency by market cap has seen its weighted social sentiment turn significantly more positive to reach a fresh all-time high. Twitter Loves Ethereum According to data from the popular analytics company Santiment, Ethereum’s so-called weighted social sentiment has been increasing in positivity lately. Essentially, this metric takes into consideration the positive and the negative...

Revolut bank, Europe’s top digital bank recorded a loss of £106.5 million in 2019. The firm is confidence in turning a profit with its current performance.Revolut Bank renowned as one of Europe’s top challenger banks said its losses in the 2019 fiscal year stood at £106.5 million. This significant loss is triple-fold compared to the ones recorded in 2018 (£32.9 million), putting the company in a worrisome state pre-COVID-19.The company increased both its revenue and its customer base in 2019,...

Goldman Sachs appears to be changing its tune yet again on bitcoin and is delving deeper into the crypto space.Goldman Sachs Is Changing Its Stance on BTCThe company announced that it is appointing a new head of crypto and says that it will look into potentially building its own virtual token as a means of competing with the world’s number one digital currency by market cap. These are big words coming from a business that just three months ago, hosted an entire seminar about why bitcoin...

Bitcoin’s price is now sharply correcting after failing to close above the psychological $12,000 yesterday.In the last 24hrs, $14 billion has been withdrawn from the market as traders react to the double top that’s now appeared on the 4-hour chart. Bitcoin reached $12,100 yesterday and nine days ago, on August 2nd.As of writing these lines, Bitcoin marks $11,270 as the current daily low, while yesterday’s high was roughly at $12,100. Almost $900 price decline.All eyes will now be on the...

Apple Inc. (NASDAQ: AAPL) CEO, Tim Cook, has seen his wealth surge and achieved a dollar billionaire title. AAPL shares have been on the rise despite negative impact on its global smartphone shipments by coronavirus pandemic.With less than a decade in Apple Inc (NASDAQ: AAPL) utmost leadership position, CEO Tim Cook, has now joined the elite dollar billionaire club. This is after AAPL shares surged more than 5% last week, with the company nearing to clinch a $2 trillion market cap.Tim Cook...

The decentralized exchange aggregator sourcing liquidity from multiple platforms 1inch has raised nearly $3 million in a funding round led by Binance Labs. Other prominent participants in the series include Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, LAUNCHub Ventures, and Divergence Ventures.1inch Raised $2.8MAccording to a press release shared with CryptoPotato, the successful completion of the funding round came shortly after the decentralized exchange...

Swipe, one of the latest acquisitions of Binance, has announced a new simplified white paper, which should assist in mass adoption for the company.With many developments coming from Swipe, its native cryptocurrency, SXP, has soared by over 60% in the past week alone to a new all-time high painted today.Swipe’s Latest DevelopmentsThe newly-announced and “redefined” white paper comes under the name Swipe Product Manual. The company said that unlike other white papers that are “bulky and mixed...

Mehrfach wurde die positive Marktbewegung in den letzten Tagen bei 12.000 US-Dollar gestoppt. Eine widerspenstige Rejection hat sich hier etabliert, die einen Durchbruch in Höhere Gefilde verhindert. Analysten werfen ihr Auge auf 14.000 US-Dollar, sobald dieser Widerstand gefallen ist. Doch fällt er wirklich?Bitcoin News: Neuer Schlüsselwiderstand für Bitcoin bei 12.000 US-DollarFür den Widerstand gibt es derzeit mehrere Gründe. Einige Analysten sehen den Gold- und Silbermarkt als Hindernis...

A few hours before the weekly open Bitcoin’s price crashed.Bitcoin Recovers, But Fails to Break Above $12,000The flagship cryptocurrency took a 13.69% nosedive, plugging from a high of $12,154.25 to a low of $10,490 within 30 minutes. The bearish impulse caused the liquidation of over $1 billion worth of BTC futures contracts across multiple crypto derivatives exchanges within the industry.As Monday, August 3rd, kicked off with Bitcoin trading at $11,080.70, many market participants feared a...

The DeFi boom continues with full force as the total value locked approaches $5 billion. Interestingly enough, a relatively young cryptocurrency has turned into the poster child of yield farming – YFI, the governance token of yearn.finance.Launched just a few weeks ago, YFI is currently the second-most expensive token on the market, valued upwards of $6,000. Its growth rate is nothing short of impressive, and community members are already wondering if it would be able to catch up and even...