Markets

Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020.Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added.$1.4B Worth Of Frauds In 2020 So FarAccording to the paper dubbed Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, the...

Poloniex exchange has announced Binance Coin (BNB) & Binance USD (BUSD) stablecoin to be available for trading on the veteran exchange.As of writing these lines, BNB & BUSD wallets are now open for deposits, and users can trade BNB/USDT, BNB/TRX, BUSD/USDT, BNB/BUSD, BTC/BUSD, and BTC/BNB. Notably, this will be the first BNB/TRX pair outside of Binance. Did anyone say Justin Sun?BUSD and BNB’s Rise In PopularityBUSD is a Price-stable, USD-pegged digital asset that was launched in...

The U.S. markets seem to be recovering these days. The Nasdaq Composite managed to reach a new record high today.The U.S. stock markets rally has been caused by the positive numbers that have come in. Sources say that non-farm payrolls rose by 2.5 million. The unemployment rate fell to 13.3%. This has happened as the jobless expectations were 8.3 million or 19.5%. However, such figures would have made it the worst since the Great Depression. Meanwhile, the Dow Jones Industrial Average...

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

A massive surge in cryptocurrency derivative trading shows that institutional interest in the crypto market is again going up. The crypto derivatives volume increased by 32% in May in comparison with the previous month.On Thursday, June 4, London-based cryptocurrency data aggregator CryptoCompare released a new report showing that cryptocurrency derivatives volumes increased by a massive 32% topping $602 during the last month of May. As per the report, only three cryptocurrency exchanges...

ZoomInfo Technology (ZI) shares surged around 90% on its first trade after the IPO held on Wednesday. Having closed yesterday with a 61.90% increase to trade at $34, the stock is around 6% up now.On late Wednesday, June 3, ZoomInfo Technology Inc (NASDAQ: ZI) stock might have revived a lot of traders’ spirits after surging almost around 90% in its first trade after the IPO. According to their filings, the company filed an initial offering of 44.5 million class A common stock at around $21....

Ripple CTO David Schwartz has debunked all the talks about the company’s plans to replace XRP with Ripple Stablecoin (XRPSC).Ripple‘s XRP is one of the world’s famous digital currencies based on its acceptance and ranking in terms of market capitalization. It stands as one of the digital currencies with new product offerings to deepen its market grip. Ripple has been making headlines all week long as one of Ripple’s officials Brad Garlinghouse held closed-door meetings with Brazilian Central...

Of 20,247 new cars registered in the UK in May, 852 were Tesla Model 3. In April, Tesla Model 3 was the best-selling car in the UK as well. Following the news, Tesla (TSLA) stock is 0.84% up in the pre-market.Despite the coronavirus pandemic, Tesla Inc (NASDAQ: TSLA) has managed to maintain its sales level. In the UK, Tesla Model 3 car became the top-selling auto in May, for the second month in a row.According to the Society of Motor Manufacturers and Traders (SMMT) show, overall car sales in...

Though now Moderna (MRNA) stock is significantly below its ATH, Oppenheimer analyst predicts an 80% increase from the current level.Moderna Inc (NASDAQ: MRNA) stock price is set to climb. Oppenheimer analyst Hartag Singh has indicated that there is more to come for the biomedical company. Yesterday, Moderna (MRNA) stock price was $60.59 which indicates a 1.17% increase. Now in the pre-market, the stock is 60.50 (-0.066%).After attending Moderna virtual science day, Hartag Singh wanted to see...

Bank Frick adds first stablecoin to its range of tradable and custodial crypto assets with USDC Europe’s leading blockchain bank is adding a stablecoin to its range of tradable and custodial crypto currencies for the first time. With immediate effect, Bank Frick offers professional market participants and wealthy private clients the trading and safekeeping of the USD Coin (USDC). Trading takes place within the fully regulated environment...