Markets

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the...

The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has sold $400 million worth of the Amazon stock. The news has come from a filing that Jeff Bezos made with the Securities and Exchange Commission.According to the filing, Jeff Bezos retains sole voting authority over MacKenzie Bezos’ stake that stands at nearly 19.5 million Amazon shares. Notably, it is 200,000 fewer shares than MacKenzie received of their divorce. Those 200,000 shares are worth about $400 million at the current...

Tron price started a fresh increase from the $0.0158 and $0.0160 support levels against the US Dollar.TRX price is now trading nicely above the $0.0165 resistance level.There was a break above a key bearish trend line with resistance near $0.0168 on the 4-hours chart (data feed via Bitfinex).The bulls seem to be in control and they are likely eyeing a break towards the $0.0200 resistance.TRON price is trading in a decent uptrend above $0.0160 against the US Dollar, similar to bitcoin. TRX...

Ethereum price is rising again from the key $160 support area against the US Dollar.ETH price is currently trading above the $165 and $170 resistance levels.There was a break above a major bearish trend line with resistance near $160 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher towards the $178 and $185 resistance levels in the near term.Ethereum price is showing a lot of positive signs above $165 against the US Dollar. ETH/USD bulls are likely aiming...

Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put a damper on stocks and other risk assets. Bitcoin launched toward $9,000 on Monday, as the spread of coronavirus forced investors to cut ties to riskier assets like stocks. While bitcoin is still considered a risky investment, it’s once again behaving like gold, according...

The stock market is famous for its volatility. While companies operating in one industry are on the rise, businesses in other spheres are suffering drops in prices. Currently, the world is obsessed with the rapidly spreading coronavirus that initially appeared in China. And obviously, it could not just pass by the pharmaceutical industry and such companies like Johnson & Johnson, producer of medical devices and pharmaceutical goods. Johnson & Johnson stock has seen growth last week....

As January draws to a close, the market is seriously anticipating the release of earnings reports from Apple and Facebook. Both companies, two of the world’s largest tech companies that make up the popular FAANG stocks, had a really great year in 2019. Before Wednesday when the last of these reports will be published, let’s take a look at their journey so far and what is expected.FAANG Stocks to AnticipateWhile the name comprises 5 different companies including Facebook, Apple, Amazon,...

Bitcoin’s price surged 6% in 48 hours from the $8250 handle to above $8770. The price movements come as the coronavirus continues to spread in China. The Wuhan virus epidemic continues to plague throughout the country and abroad. Medical authorities confirmed a fifth case of the SARS-like virus in the United States. Much broader markets like the U.S. equities have been affected by coronavirus fears. It’s quite likely Bitcoin is getting caught up in the turbulence.China’s Coronavirus Keeps...

Well, here’s some good news for all the bitcoin hodlers. It looks like the world’s number one cryptocurrency by market cap is back on track and is trading at $8,500.Bitcoin Is Coming BackThis is a $200 price increase over the past 24 hours. After several spells of the old gloom and doom meandering through the space (what with Lunar New Year in China and what have you), it seems like all the soothsayers are licking their wounds a bit and hiding out in a cave somewhere before they say anything...