Markets

People holding cryptocurrency in exchanges based in Japan apparently increased their holdings of bitcoin, Ethereum and Ripple over the past few months. BTC, ETH and XRP are the three largest cryptocurrencies in the industry by market cap.Japan Is Still a Major Crypto HubThe surge in holdings appears to stem from the spread of the coronavirus, which has led to the shuttering of the global economy and the ravaging of global financial tools. The virus first began to spread in late 2019, but by...

Google has launched an India Digitization Fund and is going to invest $10 billion through partnerships and infrastructural efforts.Google LLC (NASDAQ: GOOG) (NASDAQ: GOOGL) has declared its intentions to invest $10 billion in India within the next seven years, to speed up the country’s transition to a digital economy. Since Google began its Indian operations in 2004, it has grown to be an integral part of the company. India has since become a major overseas market for Google with its Android...

Kazakhstan-based mining provider Xive announced mining capacities empowerment and the launch of an updated site on the 9th of July. On xive.io website you can buy a fast mining contract starting from $4.55, pre-order mining powers or even become a partner of the company by filling out an application for the equity purchase. Besides hashpower sharing, Xive offers its clients mining hardware accommodation starting from $0.042 per kWh. For its clients Xive offers low upkeep costs, customer...

After PepsiCo has declared its Q2 earnings, PEP stock price has started to move higher.As most companies roll out their financial figures for the previous quarter, an exposition has been seen as to which company showed the most resilience in the face of the coronavirus pandemic. Food and beverage companies are undoubtedly among the top gainers but the degree of growth is largely relative. The shares of PepsiCo Inc (NASDAQ: PEP) showed a positive rally after the company declared its Q2 2020...

Amazon’s performance in today’s pre-market further solidifies its bid to surmount other companies as the world’s most valuable brand.Amazon.com Inc (NASDAQ: AMZN) is yet on its way to making history as the company looks to become the world’s most valuable company. The eCommerce company’s shares gained 1.79% in the pre-market adding over $57 to trade at $3,257.21. On Friday, Citi analyst Jason Bazinet raised his price target for Amazon stock to $3,550, the highest on Wall Street. If his...

Le gestionnaire d’actifs Fidelity Management and Research vient d’acquérir 10% de Hut 8 Mining Corp, société canadienne spécialisée dans le « minage » de bitcoin. Hut 8 gère deux sites dans la province canadienne de l’Alberta (à Medicine Hat et Drumheller) pour une puissance totale annoncée de 107 MW et une « production » de 952 petahashes par seconde. Source : sedar.com ...

Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation.Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading. At the time of writing, prices were nudging $9,240, but the overall outlook for BTC was still range-bound.Bitcoin Price...

Stellar lumen price started a strong increase above the $0.0880 and $0.0950 resistance levels against the US Dollar.XLM price traded to a new monthly high at $0.1008 and it is currently consolidating gains.There is a major breakout pattern forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The pair could start a fresh rally if it breaks the $0.0950 and $0.1000 resistance levels.Stellar lumen price is trading in a nice uptrend against the US Dollar and bitcoin....

Ripple price rallied above the $0.2000 resistance before correcting lower against the US dollar.The price is currently trading above the $0.1980 support and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.2000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of more gains above the $0.2000 and $0.2020 resistance levels.Ripple price is trading in a positive zone above $0.1980 and $0.1900...

Without any shred of doubt, today’s spotlight in the cryptocurrency market is entirely on Chainlink (LINK). The price for the token surged with about 40% to reach $8.480 on Binance and shatter all perceived resistances on the way up.Chainlink (LINK) Price ExplodesAll eyes are focused on Chainlink (LINK) as its price increased by about 40% during the last 24 hours. The cryptocurrency reached a new all-time high (ATH), as it managed to surge to $8.480 on Binance.The price has since retracted,...