Markets

Three days ago, we had written here that “those are likely to be the last days of Bitcoin below the legendary price of $10,000.” A few hours ago, we finally saw Bitcoin breaking above the legendary 5-digits number boundary.As mentioned in our most recent price analysis, the momentum is bullish, very bullish. Looking at the price action over the past ten days, we can see Bitcoin reaching to the local high of $9600 and correcting down to $9075, which was exactly the 38.2% Fib level.From there,...

As the cannabis industry is now one of the fastest-growing ones in the U.S, cryptocurrencies that are exclusively made for dispensaries to transact business make their entrance into the market.The Cannabis industry boasts a predicted growth rate of 21% over the next three years and had a cumulative growth rate of 110% while providing over 250,000 direct jobs in the process and many affiliated jobs opened up as a result of this. The jobs provided are estimated to hit 330,000 in the next couple...

No sign of bearish sentiment for Ethereum as the ETH price continues to surge.Ethereum rose to $226 after gaining 25% in a week against the US Dollar.If ETH faces rejection at the current traded level, the market may correct to near support, which will be healthy.ETH/USD: Ethereum Hits $226, But Targeting 6-Month HighKey Resistance Levels: $238, $279, $300Key Support Levels: $200, $180, $160Since our previous analysis, Ethereum’s price has advanced higher and has continued to surge towards a...

Ripple (XRP), the world’s third largest cryptocurrency by market cap, has suggested that an initial public offering (IPO) based on its technology is slated to arrive in the coming months.Ripple Continues to Make WavesAt the Davos World Economic Forum last January, CEO of Ripple Brad Garlinghouse explained to a crowd of listeners that a Ripple IPO could occur sometime in 2020. He also stated that more IPOs based on cryptocurrencies are likely to follow, and that this will likely become a...

WazirX and Binance joined forces via API to offer Binancians the possibility of P2P trading, the opportunity to work with USDTand INR, as well as other new functionality.Binance has announced the integration of Indian Rupee through WazirX. The integration via the API will occur on 13.02.2020. Binance users will receive the right to transfer funds between their WazirX wallet and Binance without any burdens. If you already have a Binance account, you can sign into WazirX using these...

Within 10 days, Binance will announce a new product dubbed ‘Binance Cloud’. There was also a job announcement on Binance called for a Senior Cloud Engineer, indicating that the company is looking into the cloud and perhaps even a decentralized one.In a revealing ‘Ask Me Anything’ (AMA) the CEO of Binance Changpeng Zhao hinted at a new line for the major cryptocurrency exchange under his guidance. Even though Zhao did not reveal much, he did say that in the next 10 days, they will be ready to...

Cryptocurrency exchange Binance has announced it hired Iskander Malikov, a former TradingView COO, as new Director of Fiat, Europe and CIS at the exchange. He will focus on establishing new fiat-to-crypto channels for Binance.One of the world’s largest cryptocurrency exchanges Binance announced it is planning to further boost its fiat-to-crypto entrances by hiring a former TradingView executive.Iskander Malikov, who previously served as a chief operating officer a TradingView, decided to join...

Coin staking is becoming very popular among cryptocurrency investors. One of the reasons for that is because it allows holders to earn passively. Amid stacking pools and wallets, more and more exchanges are jumping on the staking bandwagon as well.The increased interest was recently exemplified in a recent Binance Research report, showing that the total amount being staked exceeds $6.4 billion.What Is Staking?Essentially, staking requires the investor to “lock” a certain amount of coins that...

Bitcoin’s price is eyeing an imminent return to $10,000. A key technical formation suggests a prolonged bull market is possible. Bitcoin-gold correlation continues to strengthen. After rallying to five-month highs on Friday, bitcoin’s eventual return to $10,000 and beyond appears highly likely. The bullish bias has a lot to do with the technical charts after bitcoin achieved an important milestone last week. Bitcoin’s Golden Cross The bitcoin price has been...

The Google Play Store might be getting some competition from Chinese giants including Huawei and Xiaomi as they create a new platform. This announcement hasn’t had any negative influence on GOOGL stock.In many sectors all over the world, a few heavy hitters are known to ensure an undesired level of dominance. For most of them, other potential competitors almost don’t stand a chance. However, there’s a chance that efforts from China are taking on the dominance that Google holds, especially...