Markets

Switzerland has always been one to open its heart to bitcoin and cryptocurrencies. In its latest maneuver of “digital love,” the ski resort Zermatt – based in Switzerland – has announced that it will now allow its residents to pay taxes in BTC.Zermatt Is Taking a Big Digital Step ForwardZermatt is a very small town, consisting of just over 5,000 souls, but that doesn’t mean it can’t make a difference in the world of digital finance. Bills for government services, work permits, and taxes can...

Blockchain research and intelligence service TokenAnalyst.io has some more bullish news for Bitcoin heading into February. BitMEX, the world’s largest Bitcoin derivatives market, has seen it fortunes turn on a dime from December to January. In December, the massive Bitcoin futures platform saw its cold wallet balance decline by approximately 1,000 BTC ($9.3 million USD on 1/30/20). But over the last month, BitMEX experienced inflows in excess of 15,000 BTC ($140 million+ USD on...

Google is starting a painful process of eliminating direct contact with key people in Wuhan, and across China. FAANG members officially closed four offices thanks to the virus. It is spreading fast, and the companies around the world understand that they have to act quickly.Numerous Companies Flee Away Because of Virus, Economic Freeze is OngoingGoogle is banned in China, but the locals are working as marketers, sales engineers and so on. They do not develop the local version of Google, they...

The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400.Interestingly enough, Bitcoin is trading well above the 200-days moving average. According to recent research by Tom Lee’s Fundstrat Global Advisors, in 80% of all situations when BTC was above the...

Bitcoin is continuing to surge and has surpassed the $9,300 mark in another big jump.Bitcoin Is Surging to November NumbersMany are wondering if $10,000 is around the corner. According to some analysts, the answer is “yes.” Bitcoin and gold are continuing their incessant jumps and don’t appear to be stopping anytime soon, and some argue that the currency could hit the five-figure range in the immediate future.One such person is Adam Vettese, a market analyst at popular crypto exchange e-Toro....

Swedish multinational clothing-retail company H&M has appointed a new CEO. As a part of a complete board reshuffle, former chief executive Karl-Johan Persson stepped down. The new CEO is Helena Helmersson, who was previously the head of operations. Notably, Helmersson is the first female chief executive officer of the fast-fashion pioneer.Now Karl-Johan Persson will succeed his father, Stefan Persson, as chairman of the supervisory board. The change came after his father Stefan said he...

CoinFLEX, the first physically-delivered Bitcoin futures exchange, has officially launched its competition platform, called BracketWars. The competition features a trading order type called “brackets” catering towards scalp traders.The news comes on the heels of CoinFLEX’s revamp of its maker/taker program, FLEXMaker, which blends staking of the FLEX token into the exchange’s low-fee DMM model.It’s quickly becoming evident that institutional interest and large trader aspirations are to settle...

BitcoinBitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at $9,430 before stalling. If the buyers continue to drive Bitcoin higher, the first level of resistance is located at $9,476 (1.618 Fib Extension). Above this, resistance lies at...

XRP, that is widely used by Ripple Labs in its advanced solutions, is on the verge of breaking out from the downtrend resistance that got it hooked at low prices for more than two full years of the bear market.The crypto world has been dominated by headlines of the imminent rise of the XRP within the last couple of hours. People are anticipating a breakout from the asset that could produce a huge shock to the crypto market with fast and massive gains that could raise the XRP price to as high...

DASH is showing strength across trading pairs with 4.5% growthThe long-term bullish trend could continue once DASH reclaims the monthly highDASH may drop if the XABCD harmonic pattern completesDASH/USD: Buyers Target $137 To Complete Butterfly Pattern – Possible Bearish Reversal In SightKey Resistance Levels: $137, $150Key Support Levels: $113, $97Following the latest mild bearish scenario in the crypto space, DASH is currently up by 4.44% against the US Dollar. This marks a small increase...