Markets

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

The stock markets had some phenomenal rally last year in 2019 with Dow Jones and S&P 500 indices hitting their all-time highs. However, with markets trading at such high optimism, analysts have started working out whether it’s the right time to cash-in or not.PNC Financial’s Amanda Agati thinks that selling can be the biggest mistake investors can make right now. Speaking to CNBC, Agati said that the market has a lot more surprises in store. She adds that the market is still not at its...

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried.Options are live!https://t.co/B85lrLVDQO— SBF (@SBF_Alameda) January 12, 2020The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch.FTX Bitcoin OptionsEven as...

Stellar lumen price is currently correcting lower from the $0.0500 resistance against the US Dollar.XLM price remains well supported on the downside near the $0.0466 and $0.0460 levels.There is a key contracting triangle forming with resistance near $0.0490 on the 4-hours chart (data feed via Kraken).The pair could start a nice upward move if it breaks the $0.0490 and $0.0500 resistance levels.Stellar lumen price is showing positive signs above $0.0450 against the US Dollar, similar to...

Ripple price is trading in a positive zone above the $0.2000 support against the US dollar.The price is facing hurdles near the $0.2200 and $0.2250 levels.There is a breakout pattern forming with resistance near $0.2175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate gains above the $0.2175 and $0.2200 levels in the near term.Ripple price is trading in an uptrend above $0.2000 against the US Dollar. XRP price could start another rally if it...

Recently, the new fintech terms came to town. We are already used to certain terms such as FAANG, FANG and even FAAMNG. When it comes to stocks, and especially technology-related ones, the times are certainly “a-changing”.2020 began already as a pretty turbulent one. With great geopolitical tensions, an unsure trade deal between the U.S. and China, Donald Trump’s impeachment (moreover, Meghan and Harry are leaving the Crown) – it seems that there is going to be a pretty tough year for big...

Executives of JPMorgan Chase & Co. believe that CME Group is going to be the company that dominates the bitcoin futures contracts arena.CME Group Is Heading the MarchAs we all know, other markets have opened the doorway to bitcoin futures trading in the past, a big example being Bakkt which began business in September 2019 after a long year of delays. The platform experienced a rather lackluster debut and is widely considered to be the reason for bitcoin’s dismal price performance just...

XRP continues to hold strong as it trades sideways along with the $0.21 level.Against BTC, it managed to climb back above the 2600 SAT level but the bulls look pretty weak.The RSI remains above the 50 level which shows that the momentum remains in the hands of the bulls at this moment in time.Key Support & Resistance LevelsXRP/USDSupport:  $0.21, $0.20, $0.1850 Resistance: $0.22, $0.2283, $0.2345, $0.25.XRP/BTC:Support: 2600 SAT, 2350 SAT, 2455 SAT.Resistance: 2710 SAT, 2800 SAT, 2900...

Management consulting and research firm Everest Group has released a new market report focusing on the future of blockchain. The report, entitled “BigTech Battle: Assessing Managed Blockchain Platform Readiness for Enterprise Use,” addresses a number of major players developing blockchain projects, including Hewlett Packard, IBM, and Microsoft.The report cites Jelurida’s Ardor blockchain-as-a-service platform, alongside Multichain’s Enterprise, as two technologies with favorable ease of...

The end of 2019 marked yet another volatile and, in most cases, profitable, year in the cryptocurrency community. The field continues to evolve with new developments while governments are starting to pay further attention, ultimately leading to a more mature market place.A recent report has compiled interesting data regarding the performance of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Bitcoin SV, and Ethereum Classic. To do so, SFOX has examined several factors, including price, volume,...