Markets

Leading cryptocurrency exchange, Binance has partnered with Akbank, one of Turkey’s most forward-thinking banks to provide the first direct bank channel integration for instant fiat deposits and withdrawals, according to a press release shared with Cryptopotato. Starting today, the integration will allow Turkish users on the Binance trading platform to instantly deposit and withdraw the Turkish Lira (TRY) at the most competitive fees, both on desktop and the iOS app.Lowering The Barrier Of...

After a massive bloodbath last week, the markets are showing signs of recovery as indexes turn positive. Dow Futures are surging. But China’s manufacturing Index for February has scored below market expectations.Last week, the rising cases of coronavirus globally pushed the traditional stock markets in a bloodbath. All indices – Dow Jones, S&P 500, and Nasdaq – corrected around 10%. This was the fastest correction witnessed by the market since the global economic recession of...

Dow Jones futures rose early Monday, along with S&P 500 futures and Nasdaq futures, after initially plunging Sunday. TSLA stock has also started growing in the premarket.As the infamous COVID-11 progresses, investors are worrying more and more every day. Everybody’s talking about how nobody expected that a virus will become a so-called ‘Black Swan’. Just for reminder, we call Black Swan any unpredictable event that is beyond what is normally expected of a situation and has potentially...

All financial markets went through a severe downfall last week. The most popular indexes – S&P 500, the Dow Jones, Nasdaq, etc. – dropped with more than 10% in what history says it’s one of the worst trading weeks ever.In times of uncertainty, investors generally turn to safer options. Gold is considered to be one of them. Yet, the precious metal, despite reaching its 7-year-high on Monday, also plunged later.It raised the question if gold can be truly trusted in similar conditions. Ed...

Ripple price declined heavily below the $0.2640 support zone against the US dollar.The price is currently consolidating above the key $0.2215 support level.There is a major bearish trend line forming with resistance near $0.2375 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair must climb above $0.2375 and $0.2465 to start a decent recovery in the coming sessions.Ripple price is currently consolidating above $0.2200 against the US Dollar. XRP price remains at a risk...

It’s safe to say that the past week was one of the worst for Wall Street and the global financial markets. The S&P 500 marked its quickest correction in history while other major indexes were also bleeding heavily. Bitcoin wasn’t left out, as the cryptocurrency lost a substantial chunk of its value. According to Michael Novogratz, there was a relation between both.Wall Street’s MeltdownGlobal stock markets took a beating in the last ten days of February. The S&P 500 lost about 12...

Stock market and Bitcoin volatility are bad but holding the fiat currency or average altcoin is even worse. Dow, S&;P 500 markets are falling during the fears that coronavirus stops supply chains. Where are investors putting their money power to avoid risk?The stock market had lost more than 3,6 trillion USD or the equivalent of 694 573 870 Bitcoin. The total mass of Bitcoins that can be in circulation is 21 million. We can say that the fair lost 33 Bitcoin markets. Each one has 16-21...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $8,700.Bitcoin – On a Path to Recovery?Yesterday, the asset was trading at a measly $8,300, the lowest it has been in some time. Thus, the currency has shot up by more than $300 in just 24 hours. Not only is this good news, but it also suggests some truth to a recent piece suggesting that bitcoin, despite all the global problems it was facing, would not fall below the $8,200 line...

Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.Wall Street went through a historic drop this week all “thanks” to fast-spreading coronavirus that worried investors and traders. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the World Trade Organization (WHO) updated the coronavirus global risk to...

The famous exchange CMO posted a ‘joke’ in which Binance was supposedly looking for a woman with a beautiful, large chest to work at the Client Support Department.Despite Binance usually hire Support people while looking at their juridical, programming or marketing skills, not chest… this time it was a slightly different story. Binance Chief Marketing Officer He Yi has posted a job offer on the official channel in Weibo, which is a Chinese analog of Twitter.Per the Decrypt translators, the...