Markets

Ethereum price climbed higher nicely and traded to a new 2020 high at $195 against the US Dollar.ETH price is currently correcting lower and it broke the $190 support level.There is a major bullish trend line forming with support near $185 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back after testing the $185 support area and the trend line.Ethereum price is trading in a nice uptrend above $185 and $178 against the US Dollar. ETH/USD is likely to resume its...

Google‘s parent company Alphabet Inc. announced on Monday that its revenue was $46.07 billion in the fourth quarter of 2019. That represents a rise of 17% on an annual basis. The company reported diluted earnings per share (EPS) at $15.35 in the same quarter that represents a growth of 20% year-over-year.Net income increased by 19.2% to $10.67 billion in the closing quarter of fiscal 2019. Operating income stood at $9.27 billion over the same period, rising 12.8% annually.For the whole year...

Surojit Chatterjee, a former executive with Google, is being welcomed to the Coinbase team as the new chief product officer.Chatterjee – the Newest Member of the Coinbase FamilyIn a blog post, Chatterjee expressed his excitement over his new role and working with the crypto exchange, writing:I am excited about what crypto and blockchain technology can do to democratize our financial systems. I believe cryptocurrencies and blockchain technology can help open up the financial system for...

Following the breakout of the $2 mark, Tezos’s price could reach $2.5 in a few days if buyers continue to show interest.Against Bitcoin, an inverse head-and-shoulder pattern could produce a massive rise for Tezos in the short-term.Tezos is the best-gainers over the last 24-hours among the top 20 cryptocurrencies by market cap.XTZ/USD: Massive Gains Ahead for Tezos as Buyers Target Wedge’s ResistanceKey Resistance Levels: $2.2, $2.5. Key Support Levels: $1.8, $1.47Over the past few days,...

Can anyone be a billionaire? Maybe. I sat down with Dr. Morgan Shi – who is one of China’s most well-regarded experts in domestic and international investment as well as risk management – and asked about his philosophy, which investments brought him the most return, and what investment vehicles have the most upside. The following transcript has been edited for clarity.Are billionaires, or even millionaires, different in how they approach money and investment?Everyone has the opportunity to...

A new announcement has come from the American multinational computer technology corporation Oracle. The company has expanded its activity, adding new cloud computing data centers in five countries. Oracle new cloud locations are Saudi Arabia (Jeddah), Australia (Melbourne), Japan (Osaka), Canada (Montreal), and the Netherlands (Amsterdam).According to the company’s blog post, all of the countries mentioned are now available in the Oracle Cloud Console. Oracle has always strived to have at...

The Monetary Authority of Singapore (MAS) approved ICHX Tech Pte, iSTOX’s parent company, as a market operator on February 1, granting it a capital markets services license, Bloomberg reports. The approval sets iSTOX up as one of the first securities token platforms to receive this license, ICXH Tech stated.The license removes several restrictions from the platform, allowing the startup to increase the size of its issuance as well as the number of investors it can take on.iSTOX uses...

Most of the crypto assets in the market performed reasonably well last year, on average. Considerable price jumps were seen for the top assets even if a correction eventually followed. However, the market’s 3rd most valuable asset, XRP, did not have a lot of glory days. Regardless, it looks like 2020 just might be a great year for XRP price as the long bear market that has lasted 750 days, might be ending.XRP Set to RiseCurrently, XRP is trading at $0.25. The price, while not exactly...

On a day when the rest of the cryptocurrency market is trading in red, IOTA investors are bagging profits as the 18th largest coin recorded an incredible daily 10% increase in the last 24 hours, which completes almost 40% price gain in the past seven days.And if you were wondering, IOTA had seen more than 100% increase since the new decade. At the time of writing, IOTA has slightly retracted and is trading at $0.338 with a market cap of approximately $941.5 million.IOTA-USDT (Binance) 30-days...

It is most likely that Bitcoin will gain from a rapid drop in Asian stock markets due to the coronavirus menace. Crypto analysts believe that the flagship token will gain soon. Apart from that, the halving event is fast-approaching. Bitcoin is less than 99 days away from its halving event. Most of the market commentators are bullish on its impact.Bitcoin price smashed the $9,600 hurdle for the first time since November 2019. Nonetheless, the weekend session was also dominated by significant...