Markets

Ethereum price is gaining momentum above the $238 resistance zone against the US Dollar.ETH price is still facing a couple of key hurdles near the $248 and $252 levels.There was a break above a crucial contracting triangle with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could correct lower in the short-term, but dips might be supported near $238 and $235.Ethereum price is trading in a positive zone above $235 against the US Dollar. ETH/USD must break the $248...

Grammy-nominated singer Akon has announced his entry into the cryptocurrency market. The vocalist is looking to create his own digital asset that will benefit those who cannot gain access to traditional financial services and tools.Akon Was Inspired by a Recent TripAkon has been a huge crypto fan for years. He first invested in bitcoin in 2014 but says that his full appreciation for crypto technology didn’t arrive until a few years ago when he took a trip from Dakar to Paris. In his pockets,...

Well, here’s something you don’t see every day. Bitcoin outranked by another coin… You may not believe it, but in China, that appears to be the case.China Isn’t Too Crazy About BitcoinChina has put out a list of its top digital currencies. It’s strange considering how strong of a presence bitcoin holds in the country, but according to the Center for Information and Industry Development (CCID) of China, bitcoin is only the 12th best coin available to traders. This is in sharp contrast to many...

On July 6-10, the record-breaking 5-day online conference in the field of blockchain technologies and business Digital Summit 2020 with more than 30  international speakers will unite at least 25 000 participants from Europe, Asia, the USA and other regions in an immersive discussion of new anti-crisis solutions in the current economic environment.The record-breaking conference Digital Summit 2020 will unite the global industry leaders and novices of the digital world and create a unique...

Six months on from the emergence of the novel coronavirus, COVID-19, the world is in an almost unrecognizable shape. The world over, ways of life, from business, to personal, public to private, have shifted in operation so dramatically that one cannot help but marvel at its enormity and sheer, brutal force. What we held sacred – those things previously-thought immovable, things like the logical behavior of pricing functions in markets like oil, or the demand for previously-assumed necessary...

The addition of a fiat gateway helps Bybit to join the elite league of derivatives exchanges that carry a fiat connection.The next Bitcoin bull run will be driven by the derivatives market. Unlike the rally of 2017, when futures options were few, today’s traders have an army of derivatives exchanges to choose from – and they’re routinely where bitcoin’s major price movements play out. Crypto exchange Bybit stepped up to the big league of derivatives players this week with the introduction of...

As coronavirus cases all over the world began to rise again, European stocks are feeling the heat and have started to fall, with many of them being afraid of increased lockdown.The global financial markets suffered a terrible fall back because of the coronavirus pandemic. Stocks crashed, several companies lost a lot of money, and had to fire a large percentage of staff. While the pandemic is still raging in many countries, these places are seeing some respite. Many countries have seen some...

Stellar lumen price is currently correcting higher above $0.0680 against the US Dollar.XLM price is facing a strong resistance near the $0.0700 region and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0695 on the 4-hours chart (data feed via Kraken).The pair could either extend its recover above $0.0700 or resume its decline below $0.0650.Stellar lumen price is struggling to gain bullish momentum above $0.0700 against the US...

Ripple price is currently correcting higher from the $0.1840 support zone against the US dollar.The price is facing a strong resistance near the $0.1900 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.1900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could either rally above the $0.1920 resistance or start another downward move.Ripple price is trading in a bearish zone below the $0.1920...

The sudden jump of total value locked on the DeFi platform Compound has caused a flippening event in the decentralized finance sector. The TVL on Compound surpassed MakerDao’s as of yesterday, and the gap continues expanding today.Compound Overtakes MakerDAOMakerDAO has been the predominant force for total value locked for years, according to data from the DeFi monitoring resource – DeFi Pulse. Its influence over the entire marker was so unambiguous that the website tracked “Maker Dominance,”...