Markets

General Motors Co. (NYSE: GM) on Thursday unveiled its all-electric Cadillac Lyriq which is expected to be in the US showrooms by 2022. The company says the Cadillac Lyriq will compete with existing EV brands in the market.American multinational car maker, General Motors Co. (NYSE: GM) on Thursday unveiled its next chapter of American electric luxury brand, Cadillac Lyriq. According to the company, the midsize crossover is expected to arrive in U.S. showrooms in late 2022. This is a huge leap...

Tencent Holdings Ltd. shares dropped around 5% during the London trading session, following an executive order issued by President Trump banning US transactions with WeChat and TikTok in the next 45 days.Escalating economic war between China and the United States is largely disrupting respective tech companies. As of Friday, during the early London trading session, shares of Tencent Holdings Ltd., standing behind the messaging app, WeChat, dropped nearly 5%, because on Thursday President...

Bitcoin continued heading upwards, but it couldn’t challenge the $12,000 line. Bitcoin Cash’s 10% increase is among the most impressive from the larger-cap alts, while some lower-cap altcoins have been surging by double-digits.Bitcoin Aims At $12,000Bitcoin was steadily progressing towards $12,000 in the past 24 hours. After yesterday’s low of $11,580, bulls took charge and spiked BTC’s price to a daily high of $11,910 on Bitstamp. However, the primary cryptocurrency couldn’t sustain its run...

Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market.Now, however, it appears that Bitcoin is largely perceived as a safe haven as it demonstrates a massive correlation with gold and silver.BTC Correlation with Gold at an All-Time HighObserving the way Bitcoin transacts is particularly...

Bitcoin has shot past the $11,600 mark and is now just shy of trading for $11,700. $300 more to go and bitcoin can reach $12,000, which is considered a serious level for the world’s number one digital currency by market cap.Bitcoin Continues to Shoot UpSome analysts believe that this is the start of something quite big, though it may be a bit early for bitcoin fans to break out the champagne. While things are going well for bitcoin, there are still some serious resistance points that the...

Amazon presently has a market cap of $1.61 trillion. In the last 12 months, the company’s stock has over 74%.CEO and founder of Amazon.com Inc (NASDAQ: AMZN) Jeff Bezos has sold one million Amazon shares. The total shares, worth over $3 billion were sold at prices between $3,102 and $3,183 per share. This was revealed in documents filed with the Security and Exchange Commission (SEC) on Wednesday.In recent years, Bezos has been selling Amazon stock to fund his other ventures. In February, the...

On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price nowBTC will be accepted in hotelsA Switz bank will start working with the BTCOn W1, the BTC is developing an ascending wave after the breakaway of the long-term resistance line, which also changes the long-term technical picture. The quotations are aiming at the resistance line of the new channel – the level of $14605...

Samsung announced its new gadgets. In the list, there are phones, a new smartwatch, two tablets that are similar in size to Apple’s newly refreshed iPad Pros and new noise-canceling earbuds that will compete with Apple’s AirPods Pro at a lower price.South Korea’s leading smartphone maker, Samsung Electronics Co Ltd (KRX: 005930), on Wednesday unveiled its latest tech devices to compete with other global smartphone companies. The company showed its new gadgets such as phones, a new smartwatch,...

According to Pompliano, Bitcoin already represents a digital version of gold. Comparing gold and Bitcoin markets, Pompliano noted that the later will eventually become a bigger one.As Bitcoin (BTC) is continuing to grow in price, its advocates are making new optimistic predictions about its prospects. Recently, in an interview with crypto podcaster Peter McCormack, Morgan Creek Digital co-founder Anthony “Pomp” Pompliano said that in the long-term, Bitcoin stands good chances of hitting at...

Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same.Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’As per a Reuters article, the Japanese Financial Services Agency boss has shared fresh thoughts regarding his stance on crypto trading practices in...