Markets

Tron price started a steady decline after it failed to clear the $0.0220 resistance against the US Dollar.TRX price declined below the $0.0205 support zone and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0196 on the 4-hours chart (data feed via Bitfinex).The pair could either start a fresh increase above $0.0200 or it might extend decline below $0.0195.TRON price is struggling to stay in a positive zone against the US Dollar, similar...

Ethereum price started a downside correction after it failed to clear the $400 barrier against the US Dollar.ETH price is currently declining and it is trading below the $380 support level.There was a break below a major bullish trend line with support near $380 on the 4-hours chart (data feed from Coinbase).The pair is currently following a key declining channel and it is approaching the $365 support zone.Ethereum price is currently correcting lower from the $400 barrier against the US...

A group of developers has announced the launch of a “revolutionary” new defi token, but something about the pitch has a funny smell to it.According to its creators, Ardor Defi, the DeadFish (DeFI) platform and its $DEFI token will “smash the hegemony of Wall Street millionaires” by making “advanced financial instruments such as leverages, futures, DEX, tokenization platforms, derivatives and predictions markets available to the average Joe.”It’s a claim with a pungent aroma, but one which...

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...