Markets

The leading cryptocurrency exchange Binance officially announced the acquisition of the Visa debit card platform Swipe.Binance has also listed Swipe’s native cryptocurrency (SXP), which registered a massive price boost of 21%.Binance Buys SwipeFollowing days of speculation, the popular exchange officially announced the acquisition earlier today for an “undisclosed amount.” Binance and Swipe plan to work together to “further mainstream adoption of cryptocurrencies by bridging the gap between...

Tesla stock has set a new record after it surged 13.5% on Monday. The increase has pushed the company’s market value to $245 billion. Today TSLA is trading in the green again.Tesla (TSLA) stock continues to surge against the global economic loss the world is presently experiencing. Since the beginning of the pandemic, many Wall Street companies have suffered great losses in the stock market. However, Tesla Inc (NASDAQ: TSLA) has continuously weathered the storm, increasing another 13% on...

Last week’s growth in Chinese markets has spiked a bullish run in U.S Wall Street. Hopes for a full economic recovery are gaining momentum.Wall Street experienced a boost in its stocks on Monday despite the rising number of new cases of COVID-19 across the United States. The bullish run on Wall Street comes as a result of hopes in China’s economic recovery which will contribute to global business growth. The new stock jump from reports shows that the Institute for Supply Management’s (ISM)...

Alphabet was the latest to re-enter the $1 trillion club, reaching a $1.02 market cap on June 6. GOOGL stock added 2.02% yesterday to close at $1,499.65 but slightly declined to $1,495.05 per share in the pre-market today. Before the COVID-19 pandemic, a big 1 trillion-dollar club consisted of four companies with such a market cap – Microsoft Corporation (NASDAQ: MSFT), Apple Inc (NASDAQ: AAPL), Google LLC (NASDAQ: GOOG) (NASDAQ: GOOGL), and Amazon.com Inc (NASDAQ: AMZN). Google’s parent...

Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000.Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well.Saut: The S&P 500 Above 4,000 Within A YearSaut, who is Capital Wealth Planning’s chief investment strategist, has been traditionally bullish on the US economy and the S&P 500 in particular. In his...

Ethereum price is now trading in a positive zone above the $234 pivot level against the US Dollar.ETH price is currently correcting lower from $244, but it is well above the $235 level.There was a break above a crucial bearish trend line with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could correct lower, but the $234 and $232 levels are likely to protect heavy losses.Ethereum price is trading with a bullish bias above $234 against the US Dollar. ETH/USD must...

The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2%Crypto Market Goes UpAlthough Bitcoin was fighting to remain above the coveted $9,000 mark hours ago, the bulls managed to gain control and pushed it upwards. The primary cryptocurrency registered price increases as...

Nearly the entirety of global commerce involves real estate in one way or another. Besides creating spaces for people to live in, real estate developers provide production facilities and office spaces for companies and traders, thus being involved in the distribution of almost all goods and services. It is, therefore, no wonder that an estimated three-quarter of the global wealth is locked up in real estate assets.The use of the word “locked” in this context is deliberate, as it describes...

According to some analysts, bitcoin is stuck in a dark place, but millennials can potentially pull the world’s number one cryptocurrency by market cap out of its present funk and help it reach new heights.Millennials Are the Answers to BTC’s Present ProblemsAs it stands, many crypto experts and analysts see millennials as the answer to many of bitcoin’s problems. One of the biggest issues for BTC at the time of writing is that it is widely considered to lack legitimacy when compared with USD,...

Brazil’s CVM Says no to Binance Futures Trading: In a statement released on Monday, the Comissão de Valores Mobiliários (CVM) — Brazil’s securities regulator — announced the ban on Binance crypto derivatives trading in the country. According to the CVM, Binance is not authorized to offer securities trading in Brazil.For the CVM, crypto derivatives constitute a securities offering regardless of whether the underlying asset like Bitcoin (BTC) is not a security. Following the statement, Binance...