Markets

We’ve said it before, and we’ll say it again… You just can’t please everybody, and when it comes to crypto and bitcoin, this applies double. Another gazillionaire – Ray Dalio – is trashing the world’s leading digital currency by market cap and claims that there are serious problems with investment strategies that revolve around it.Ray Dalio: BTC Isn’t What You Think It IsDalio is a billionaire and the founder of Bridgewater Associates. In a recent interview, he tells his listeners that...

Officials of China reported about 11 deaths and more than 500 people infected by the virus. The city where 11 million people are living, had its central market as the primary source of the virus. One of the city residents said to BBC journalists that ”the atmosphere there felt like the end of the world”.Many Chinese folks continue traveling around the country during the holidays. Also, people in Belarus, Saudi Arabia, Singapore, and Vietnam reportedly have been visiting doctors in regards to...

Prominent blockchain payments firm Ripple has published its latest quarterly XRP Markets Report for the previous quarter (Q4 2019) and there have been some significant changes in the figures. Ripple, who boasts of introducing such solutions as ODL (XRapid), Xpring, RippleNet among others, is known for publishing regular updates and views on the company’s stance on the XRP market in order to ensure transparency on the progress of the platforms as well as inform its stakeholders.According to...

The Tezos train has started to move once again after a noticeable 17% increase over the past week of trading, bringing the price of the coin up to $1.55.Against Bitcoin, the cryptocurrency found strong support at the 200-days EMA, which allowed it to rebound higher.Tezos is now the 14th largest cryptocurrency by market capitalization.Key Support & Resistance LevelsXTZ/USDSupport:  $1.50, $1.42, $1.30.Resistance: $1.64, $1.74, $1.88.XTZ/BTC:Support: 0.00017 BTC, 0.00016 BTC, 0.000149...

The New York Securities Exchange (NYSE) market shows the Wednesdays boost has resulted in a cool-down, with a visible 3% profit. IBM has its fourth-quarter sales stable from year to year, totaling $21.8 billion. However, IBM bought Red Hat on July 9, 2019. Then, promised a 60% premium bonus for the workers of Red Hat if they hurry up with developing the hybrid-cloud server software.IBM is showing a big interest in the open-source software company which is probably one of the few software...

On Wednesday, it got about that American online payments company PayPal had partnered with UnionPay International (UPI), a subsidiary of the Chinese leading payment processor UnionPay. For both companies, the deal is a good way to expand their networks and penetrate into new markets.Jim Magats, senior vice president of global payments at PayPal, commented:“At PayPal, we are proud of this landmark agreement with UnionPay International and the global impact that this creates for our joint...

The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market. Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value...

As it has become known at the World Economic Forum (WEF) in Davos, the top organizations of the planet will join Refinitiv’s alliance to be able to research and edit the investment markets. Governments and corporations usually invest using the consensus of decisions of top officials. So basically, investment is a form of art. Now it is time to take a step into the future by turning data gathering into the science.David Craig, Refinitiv CEO, noted:“The need to channel capital towards the UN...

There’s good news for Bitcoin investors and enthusiasts! The study of some on-chain metrics and Bitcoin wallets shows that the world’s largest cryptocurrency has been in the accumulation zone over the last 12 months.As on January 14, nearly 784,000 addresses were holding one or Bitcoin tokens. This is also an 11% surge from the 707,000 addresses holding BTC a year ago. Furthermore, the blockchain intelligence company Glassnode noted that total addresses holding BTC have doubled since...

Bitcoin price is presently trending at the level of $8,419 (+ 2.38% daily). The crypto is on track in the framework of a strong bearish trend amid growing volatility. The intraday low is recorded on the level at $8,371.The cryptocurrency market returned to minus, losing the insignificant profits achieved on Wednesday. The total crypto assets struggle with losses from 1% to 6%. Bitcoin returns to a mark beneath the $8,500 level (support of last week). Before the continuing bearish activity,...