Markets

Bitcoin price is currently consolidating gains above the $8,520 pivot level against the US Dollar.It is currently facing a major resistance near the $9,100 and $9,200 levels.There is a major contracting triangle forming with resistance near $9,110 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,100 and $9,200.Bitcoin price is showing bullish signs above $8,800 and $8,520 against the US Dollar. BTC is...

Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...

Despite the ongoing correction, Link remained relatively stable today.The price is likely to bounce back if the channel’s lower boundary continues to act as support.Chainlink would continue to correct downward as long as selling volume increases in the market.LINK/USD: Chainlink Struggles Under $4Key Resistance Levels: $4, $4.5, $4.98Key Support Levels: $3.47, $3, $2.63LINK/USD. Source: TradingViewSince our previous analysis, Chainlink continued to trade sideways after reaching an 8-week high...

10 years have passed since the birth of Bitcoin and the first use of Blockchain, a technology that has not stopped evolving, and it is no wonder. Blockchain has opened a huge world of opportunities for both large companies and individual users, not only for the development of new applications or improvements to computer systems but for the possibility of obtaining rewards through cryptocurrency mining, thus creating a market which is more competitive every day. In this sense, we see that...

As it braces for the financial atmosphere after the coronavirus pandemic passes, N26 has pulled in new funding and is eyeing the Brazilian market.Popular digital bank N26 has announced that it has just raised $100 million in additional funding as it looks to a balanced 2020. The German company has now raised a total of $770 since its inception.N26 is a German digital bank, with backing from Peter Thiel’s Valar Ventures and Chinese multinational conglomerate Tencent Holdings Ltd. It announced...

Binance CEO Changpeng Zhao (CZ) and Brave Software co-founder and CEO Brendan Eich said in a live stream earlier today that the partnership between the two will continue with new developments. Both companies plan to introduce Binance Coin (BNB) and Binance USD (BUSD) as new additions to the Brave Browser Rewards system.Brave Browser To Add BNB and BUSDAs Cryptopotato reported a few months back, the leading cryptocurrency exchange announced a partnership with Brave Software. By embedding a...

Robinhood Financial LLC announces that it has raised $280 million in series F funding. With the new funds, Robinhood is planning to scale its platform by building new products.Through its official webpage today, Robinhood Financial LLC, which is a subsidiary of Robinhood Market Inc, announced that it has raised $280 million in Series F funding at an $8.3 billion valuation.According to the post, the round was led by an existing investor Sequoia Capital, which was in participation with other...

As Total (TOT) stock struggles to gain health even amidst disappointing Q1 figures, the company has initiated an action plan for the rest of 2020. TOT stock is nearly 7% up in the pre-market.As the global fight against the coronavirus pandemic continues, some evidence of its effects is coming to light. Some of the world’s largest institutions are reporting disappointing figures, with the oil and gas industry as one of the hardest-hit. French multinational integrated oil and gas company Total...

BlockFi has operated with zero losses since its inception and is well poised to lead the market for institutional clients across the globe. Now it has hired new managers to continue its growth.BlockFi, a financial services company focused on building products for cryptocurrencies, announced that it has hired new managers. Wittney Rachlin is now Chief Growth Officer and David Olsson is hired as Global Managing Director of European and Asian markets.Both Rachlin and Olsson join BlockFi during a...

It is believed to be a correlation between USDT’s market cap and Bitcoin’s price movements. The majority of investors expect a rise in Bitcoin price after a significant boost of Tether (USDT). What can traders do while waiting for the bull?Years later, when we looked back to 2020, we might call it “The Year of Cryptocurrency”, for we get to not only experience the third halving of Bitcoin but also witness an unprecedented surge of stablecoin supply since March. Up to May 3, the total market...