Markets

Why Bitcoin is Continuing to Climb, from More Solid Ground Than EverLast night saw Bitcoin once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and  pulling along with it several other primary cryptocurrencies, including Ether, Litecoin, Ripple and Dash.A Significant Moment for BitcoinJanuary 2020 is certainly proving highly...

Litecoin price remained in a positive zone and recently tested $62.40 against the US Dollar.LTC price corrected lower and it is now trading above the $58.00 support area.There is a major bullish trend line forming with support near $57.85 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $61.00 and $62.40 resistance levels in the near term.Litecoin price is showing a lot of positive signs above $58.00 against the US Dollar,...

Surojit Chatterjee was working on Google apps for 11 years so far, helping the company handle payments, commercial questions and advertising. The talent made a significant impact on the inner workings of the corporation, considering that Coinbase wants to work with him. Google has thousands of workers all around the world.However, Coinbase CEO Brian Armstrong picked the author of the Google Shopping project as the new CPO. People from over 90 countries are using GS today, making Surojit a...

Binance sees the growing demand on staking platforms and solutions and wants to be ahead of the curve in this ‘post-PoW world’.Binance announced that starting 1 February 2020 it will allow the U.S. customers of its dedicated platform ‘Binance US’ to stake Cosmos (ATOM) and Algorand (ALGO) tokens with Proof of Stake algorithm as the basis.Now, Binance offers trading in 28 cryptocurrencies, including the ones you never heard of. The exchange wants to enter the U.S. staking market controlled by...

American technology company Microsoft Corporation has managed to beat analyst projections. It has become obvious from the earnings that it reports for its second quarter for the year 2020. The company said revenue grew by 14% compared to the same quarter a year earlier, landing at $36.9 billion.Chief Executive Officer Satya Nadella stated:“We are innovating across every layer of our differentiated technology stack and leading in key secular areas that are critical to our customers’...

As per reports on January 28, 2020, CEO of Apex Clearing, Bill Capuzzi, stated that it is interesting to witness how the investing habits of millennials have shifted over the past year, claiming that millennials have proven to be unique and differed from their generational counterparts.Apex Clearing has disclosed the fourth-quarter Millenial 100 report that analyzed over 734,000 portfolios possessed by U.S.-based investors with an average age in the region of just 31 years. The result was...

It’s finally reached the pinnacle, folks. After months of waiting, bitcoin has shot beyond the $9,000 mark and is now trading for an impressive $9,039 at press time.Bitcoin Is Firing on All CylindersWhile this is relatively small compared to where the world’s number one cryptocurrency has been in the past, it does represent a shift of sorts for BTC and solidifies the bull market that enthusiasts have been so excited about for the past few weeks.BTC initially slumped to the mid-$7,000 range...

Blockchain technology continues to make waves around the world. And today, the world has witnessed what many believe to be the first major step towards a new way for startups to access capital.According to a press release by Andriotto Financial Services, dated January 29th, 2020, the country of Switzerland has recently approved OverFuture SA’s incorporation by using an IPO of tokenized shares stored directly on the blockchain.For many, the approval is considered as the first Swiss-compliant...

Against Bitcoin, ETC may face weekly resistance at 0.0015SAT levelETC is following a bullish sentiment across trading pairsETC/USD: ETC Buyers Regroup Stronger Following The Break Above 2019 HighKey Resistance Levels: $16, $20Key Support Levels: $10, $8ETC/USD. Source: TradingViewAfter a weak correction to $8, Ethereum Classic bounced back with more than 50% gains in just three days of trading. Over the past few hours, ETC’s price has increased by 16.48% and now changing hands around $12.34...

Indexes went strongly up today as investors were waiting for the Federal Reserve’s interest rate decision (probably stays the same). Traders were also focused on the economic data published today. The Census Bureau reported wholesale inventories decrease of 0.1% in December, while the trade deficit increased $5.3 billion compared to November. Some companies have already released their quarterly earnings and some are still waited for.The Dow Jones Industrial Average went up at the open by...