Markets

Many assets are stuck inside their respective Triangle patterns. Moreover, bulls haven’t been able to break the closest resistance levels and continue pushing cryptoassets upwards.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The unwillingness of the cryptocurrency market to move upwards may indicate a strong bearish pressure but to confirm a further...

A rumor is circulating that PayPal and other payment processors are looking to pledge support for bitcoin in the coming weeks. PayPal is being joined by Venmo, and the result is bitcoin appears to have surged by another $300 at the time of writing.PayPal and Bitcoin to Join Hands?Just 48 hours ago, the world’s number one digital currency by market cap was trading in the $9,300 range. However, now the currency is selling for well over $9,600. The jump was likely sparked by the sentiment that...

Tesla has promised, among many other things, to create 5,000 jobs for the Texas county of Travis, as it proposes to build a new factory there. TSLA stock is down today.As part of plans for its mega plant, Tesla Inc (NASDAQ: TSLA) is offering at least 5,000 jobs to a county in Texas. Tesla says the Texas jobs are “middle-skill,” offering them as benefits of setting up the factory in the state.Meanwhile, today the Tesla stock price is falling. At the time of writing, it is trading at $965.50...

Yesterday, Peloton stock closed at $54.88 per share, which marked its new all-time highest closing price. In the early trading today, PTON shares were 3.5% up. The opening price today totaled $55.98, at the moment of writing, it makes up $54.83. American exercise equipment maker Peloton Interactive Inc (NASDAQ: PTON) has been showing great performance on the stock market. During the coronavirus pandemic, the company took advantage of global quarantine and saw a 66% surge in sales. Peloton...

Facebook (FB) stock price rose slightly yesterday but was down in the pre-market today. But further growth is expected.Facebook Inc (NASDAQ: FB) stock price rose slightly during the last trading session. This occurred as the social networking giant had indicated plans to scrap the Oculus Go Virtual Reality headset. The Go was introduced in May 2018 with a price tag of $199. It is the cheapest of the virtual reality headsets in the market so far.Facebook indicated in a blog post on the Oculus...

Bancor regained momentum after rising above a two-week resistance with 42% gains in a week.It may pull back to the previous breakout level if buying volume starts to decrease.An increase above the current daily high may trigger more positive actions on a short-term perspective.BNT/USD: Bancor Trades Nicely Above $1Key Resistance Levels: $1.33, $1.5, $1.7Key Support Levels: $1.118, $1, $0.92BNT/USD. Source: TradingViewEarlier this year, Bancor traded as low as $0.17 due to insufficient trading...

As a way to extend its lead in the automobile manufacturing world, Daimler A.G Mercedes-Benz entered into a partnership with Nvidia Corporation to develop software that will power the next generation of cars.The touch of elegance and features designed to spike a feeling of ecstasy is now a defining factor in the design of cars and automobiles. Different automakers take pride in their exquisite product design perfected with unique software. As a result, every automaker is implementing new...

Join thousands of retail traders and brokers during an 18-hour live summit from the comfort of your home.Summer may have officially arrived but the trading volatility has shown no signs of slowing down. Join Finance Magnates and Forex Live for the virtual TradeON Summit 2020, taking place July 28, 2020.2020 has already proven to be one of the most unpredictable years in recent memory. These tumultuous times are the perfect backdrop for the largest virtual event of the year, with the TradeON...

The operator of the South Korean cryptocurrency exchange Bithumb plans to take the company public via an initial public offering (IPO), local reports indicate. To be successful, however, Bithumb has to overcome certain challenges, including taxation issues and investment protection.Bithumb Considers Another IPOAccording to the report from today, Bithumb Korea has selected the capital market company Samsung Securities as a listed host and has started the development work necessary for an IPO....

Decentralized finance (DeFi) project Balancer Labs officially announced the launch of its native governance token BAL on the Ethereum mainnet, with the price of BAL tokens increasing significantly following the launch. Balancer Follows Compound’s LeadThe news of the BAL governance token launch was made by CEO and Co-founder of Balancer Labs, Fernando Martinelli, via a Medium blog post on Tuesday (June 23, 2020). According to the announcement, the team is employing an “on-chain governance...