Markets

It looks like Bakkt is experiencing a sudden surge in business.Bakkt Is Pulling a Few Unexpected PunchesRecently, it was reported that the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICO) was doing rather poorly as of late, having traded zero bitcoin options since mid-June. Now, more than 30 days later, that still hasn’t changed.However, the platform has witnessed a surge in bitcoin futures trading. Just last Monday alone, Coin Market Cap...

Following a year-long partnership with Ripple, MoneyGram International Inc (NASDAQ: MGI) in its Q2 2020 report revealed that it got $15.1 million from the blockchain news.In its Q2 2020 performance report released on July 30th, MoneyGram International Inc (NASDAQ: MGI) has revealed that it received $15.1 million from Ripple, the blockchain firm that widely uses the XRP coin in its solution. As an existing partner of the crypto-centric firm, the $15.1 million sum was categorized as “market...

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance...

Pfizer (PFE) stock price was rising in the pre-market but is down now as the market opened.One of the world’s largest pharmaceutical companies Pfizer Inc (NYSE: PFE) anticipates PFE stock to gain value, as it prepares to supply Japan with 120 million doses of its BNT162 MRNA based vaccine. Pfizer Inc partnered with BioNTech company to develop the vaccine which has shown signs of treating coronavirus patients successfully.PFE stock was trading around $38.80, up 0.15% in the pre-market. Having...

It’s a period of good news for Ethereum around its anniversary. Even its futures market is experiencing an unprecedented boost in July.The Ethereum token, Ether (ETH), is trading above $340 on Coinbase as the platform continues to gain attention as the most prominent smart contract blockchain. Ethereum is celebrating its fifth anniversary this July and this has coincided with a period in which the price of the token rose by 50% within a month.The digital currency traded at $225.5 at the...

TikTok has decided to support the next generation of content creators on its platform with a $2 billion TikTok Fund.Chinese video-sharing and social networking platform TikTok has announced the launch of its Creator Fund that is meant to motivate its content creators. According to a blog posted on its official website, the company said that it expects this Fund to grow to over $1 billion in the U.S. in the next 3 years, and more than double that globally.This is an ambitious plan that is seen...

The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction...

The announcement of the four-for-one stock split from Apple came in its fiscal Q3 earnings report. AAPL stock is up in the pre-market.Apple Inc (NASDAQ: AAPL) has announced a four-for-one stock split on Thursday. This follows an approval given by the company’s board of directors for the incentive. The initiative comes at a time the company’s stock is trading above $380. With this development, investors would be able to purchase the company’s stocks at lower values.Today in the pre-market,...

Bitcoin has remained calm in the past 24 hours, with minor gains towards $11,100. Unlike the primary currency, the altcoin market has seen impressive gains, including yesterday’s birthday project – Ethereum and Chainlink.Although the US economy suffered its worst quarter since the Second World War in terms of GDP results, Wall Street is breaking records, especially in the technology field.Bitcoin: Back to Stability?The primary cryptocurrency remained relatively stable in the past 24 hours....

Bitcoin cash price started a fresh increase above the $255 and $280 resistance levels against the US Dollar.The price even tagged the $300 resistance area and it is currently consolidating gains.There is a key bullish trend line forming with support near $285 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to surge again if it clears the $300 resistance in the near term.Bitcoin cash price is trading in a strong uptrend above $280 against the US Dollar....