Markets

Growing instant messaging and VoIP startup, Discord has secured a $100 million venture capital funding from Index Ventures. Now it is valued at $3.5 billion.The story of Discord and its subsequent metamorphosis into a world-renowned app remains a source of inspiration to investors and market observers. The app was founded as an all-in-one social communication app for gaming, book clubs, and community meetups. Since it was founded in 2015, the app has grown its user base to over 300 million,...

Gold is currently experiencing a new price high since 2011. This increase is fueled on grounds of possible measures to help curtail the new rising cases COVID-19.The price of gold has appreciated and its currently selling above $1,800 for the first time since its last boom in 2011. Gold stands as one of the world’s most important metals on earth which became regarded as a means of keeping assets over time. The current price increased was fueled as a result of increased demand owing to the...

A strategic partnership between the two companies is to begin soon. The internet-based conglomerate SBI Financial Services (a subsidiary of SBI Holdings, “SBI”) has made an agreement with B2C2 to acquire a $30 million minority stake at the firm as a first leap into future cooperation.First Steps In A Strategic Partnership According to a recent report, the two companies are to collaborate on providing cryptocurrency assets and services to millions of clients across the globe. They also intend...

Cryptocurrencies are known for their volatile nature, having wild price fluctuations in short spans of time. In the past few years, crypto payments have grown in popularity, and more and more services have started accepting crypto coins on their platforms. But many are wary of accepting digital assets because of these fluctuations. Sendbit.io is a company that aims to solve this problem by offering a Lightning network Blockchain Wallet to Standard and USD Business users that protect them from...

Bitcoin price is slowly correcting higher and trading above $9,000 against the US Dollar.There is a major resistance forming near $9,300 and the 55 simple moving average (4-hours).There is a connecting bearish trend line in place with resistance near $9,150 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must surpass the $9,300 resistance level to start a steady increase.Bitcoin price is trading in a bearish zone below $9,300 and $9,500 against the US Dollar. BTC...

Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced it has completed its USD$2 million Pre-IPO investment round. The round was led by OK Group, a world-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications.. The funding round will be used to support Banxa’s global expansion efforts as it enters new markets throughout Europe, Asia, and Africa. Other...

According to a new survey produced through Bitcoin IRA, most crypto and bitcoin holders want to earn interest on their holdings.Bitcoin IRA: Many Want to Earn Interest on What they HoldAt first, this seems like a relatively silly conclusion to reach. Who doesn’t want to earn more money on the shares they already own? If you own stocks or anything else, you want to garner interest on those shares and potentially grow your portfolio. The only thing, however, is that this is not always...

The price slowly recovers after finding small support around $4.27.The daily decrease in volume shows that bears may be around the corner.LINK/USD: Trading Volume Is Fading AwayKey Resistance Levels: $4.9, $5, $5.5Key Support Levels: $4.27, $3.9, $3.5LINK/USD. Source: TradingViewChainlink’s performance has been quite impressive during the second quarter of 2020. The bulls are still trying to remain in control of the market.Looking at the volume on the daily chart – which reveals a consistent...

Bitcoin has been losing about $100 a day over the past several days.Bitcoin Has Been Dropping Rather SteadilyAt the time of writing, the world’s number one cryptocurrency by market cap has seemingly fallen to just over the $9,000 mark and is trading for about $9,040. Yesterday, it was trading for about $9,140, and before that, over $9,200. The currency has been trapped in a slow-moving bear pattern that has caused it to lose a little bit with each 24-hour cycle.And yet, according to analysts...

Elon Musk, CEO of Tesla, haw expressed optimism in a leaked email that the company will post a profitable Q2 figure. The nudging has sparked an increase in TSLA stock which is above $1,000 again.Electric auto car maker Tesla Inc (NASDAQ: TSLA) has recorded yet another great trading day after the company’s stock appreciated by over $49 on Monday to close at $1,009.35. This blissful pump came as a result of the optimistic view of the company’s CEO Elon Musk, who said that the company will be...