Markets

Valued at $2.65 billion, the acquisition deal with Postmates will help Uber Eats to expand its network comprising of operation in about 6000 cities across 45 countries.As a means to expand its food delivery network, Uber Technologies Inc (NYSE: UBER) through its food delivery service Uber Eats has completed its acquisition deal with Postmates as reported by Bloomberg on Sunday. Although the deal has not been made official, the story corroborates the attempt by the Uber subsidiary to acquire...

Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar.News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets.Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the cake and the prelude to entering new crypto-friendly markets.Having obtained the distributed ledger technology license from...

Stellar lumen price recovered nicely after a sharp decline and settled above $0.0620 against the US Dollar.XLM price is currently consolidating above $0.0650 and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.0670 on the 4-hours chart (data feed via Kraken).The pair could start a fresh rally if it breaks the $0.0670 and $0.0680 resistance levels.Stellar lumen price is trading in a positive zone against the US Dollar and bitcoin. XLM...

Ripple price is likely forming a strong support above the $0.1735 level resistance against the US dollar.The price is slowly rising above $0.1750 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1760 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of upside continuation above the $0.0178 and $0.0180 resistance levels.Ripple price is starting a decent increase from the $0.1692...

Twitter and cryptocurrency have always been rather supportive of each other, especially considering CEO Jack Dorsey’s stance on bitcoin. Now, it looks like Binance Coin – the native currency of the popular cryptocurrency exchange Binance – is the third digital asset in the world to garner its own emoji hashtag.BNB Coin Gets Its Own EmojiThe first cryptocurrency to garner an emoji was bitcoin, of course. The second is Crypto.com currency CRO. Now that Binance Coin has joined the ranks, several...

Bitcoin’s average monthly price has appreciated by almost 80 percent since March’s Black Thursday crash. But as per the latest data from CoinGecko, spot trading volumes have gone down by 28 percent quarter on quarter. Are BTC investors holding more than trading?Bitcoin Price is Up, While Trading Volumes are DownCoinGecko shared Part 1 of its Q2 2020 quarterly crypto market report. The crypto market data platform posted highlights from the report in a series of tweets.One of them pointed out...

Cardano (ADA) is currently among the best-performing token in the top-10 rankings by market capitalization amid the announcement of future token staking capability on Coinbase Custody.ADA Staking on Coinbase Custody Coming in Q4 2020In a tweet published on Friday, Input Output Hong Kong (IOHK) — the Cardano parent company — announced a partnership with Coinbase Custody to list the ADA token later in the year. As part of the agreement, ADA “bagholders” will be able to enjoy token staking...

Kyber Network’s native token KNC has extended the aggressive rally that started to accelerate at the end of June. On Friday alone, the token has gained over 27% against the US dollar. The surge comes several days ahead of Kyber Network’s next protocol update planned for July 7.KNC Hits Highest Level in 2 YearsOn Friday, KNC has become the best performing cryptocurrency in CoinMarketCap’s top 100 list by a margin. It gained 27% and it’s trading at $1.89 at the time of this writing. The token...

Tesla’s Q2 results beat street estimates as the stock surged a whopping 8% in the last trading session climbing all the way above $1200 levels. Tesla’s recent price surge has made it the most valuable global automobile toppling Toyota.If there’s one company whose stock has seen a massive price despite the COVID-19 pandemic, it’s none but Elon Musk‘s automobile giant Tesla Inc (NASDAQ: TSLA). The electric-car-maker has stunned Wall Street investors with its massive price rally in the first...

Intel Corporation has joined Facebook in acquiring a stake in Jio Platforms, a move that will help the companies get a soft landing in India’s 5G market. Intel stock is up.With the global advancement of the telecommunication industry, several tech companies are positioning aright to cash in on the new wave. The recent big deal is the potential of 5G technology which has the enormous capacity to redefine the digital landscape. As a proactive means to expand its footing, Intel Corporation...