Markets

Tesla is ready to break new grounds in Europe, with its soon-to-be-built gigafactory in Germany. The company, led by Elon Musk, is popular for setting surprising goals for itself. Most of the time, these declarations by Musk are written off as pipedreams as people point out that they are a little too lofty. However, the company’s success in China is worth considering whenever there is doubt about its capabilities. The question now is, will Tesla be able to replicate that success in Germany...

The World Economic Forum (WEF) 2020 is currently taking place in Davos, Switzerland. The WEF is a meeting of some of the most powerful people in the world, as they discuss the global economy and other related issues. As it turns out, according to British investment exec, the major problem among WEF participants in Davos is deciding the best investment channel for their hefty funds.WEF Attendees Are Keen on Investment but Don’t Know What to DoSpeaking to CNBC’s Steve Sedgwick on Monday, the...

Last week we were witnessing of a sudden “fallout” of one of the biggest carmakers in the world – Tesla. An American division received a driver’s complaint that his Tesla suddenly accelerated on its own. And probably it will be not very sensible to suppose that such an event won’t have any influence on Tesla stock. However, we should admit that in recent months it has been on the rise.An independent investor, Brian Sparks, abided a sue to the National Highway Traffic Safety Administration and...

It has been a good start to this year so far for the cryptocurrency markets. The overall cryptocurrency market cap has added over $45 billion since January 1. The cryptocurrency market cap surged from $191 billion to now at $238 billion registering over 20% gains.Bitcoin, the crypto king, has undoubtedly been a star performer as well! In just the first 20 days of 2020, the Bitcoin price surged nearly 30% bringing the excitement back among its investors. Earlier this week, the BTC price...

Leading cryptocurrency exchange Binance has completed its Q4 2019 burn of the Binance coin (BNB). It was the 10th quarterly token burn the exchange has done since the launch of the BNB in July 2017. The event, which took place during the weekend, saw a total of 2.2 million BNB worth more than $38 million destroyed. Although the figure represents a mere 1.1% of the total supply of BNB, it is Binance’s second and third-biggest burn in terms of USD and BNB, respectively. What Is A Token...

One of the most “unpopular battles” in the crypto universe is definitely one of Ripple. The efforts of the company to prove that XRP isn’t a security became a prolonged battle.This exact battle could hold the key to XRP’s future and it has been held forth again. Be it as it may, there has been a lawsuit that may present Ripple as an issuer and the seller of the coin. Do not forget, XRP is one of the largest by market cap. At the time of writing the market cap of the coin was $10,33 billion...

Over the past two days, we had seen the price of Bitcoin trading mainly under a very tight range between $8600 and $8700.As a reminder of the recent price action, Bitcoin had gone through a decent rally since starting the new decade.However, right after touching the significant 200-days moving average line (marked light green on the following daily chart), Bitcoin got rejected, plunged more than $700 intraday, and trading safely around the $8600 mark since then.In the micro-level, we can see...

Sudden bearish action is causing FUD in the market If ETH reclaims $180, buyers are likely to gain more control. The bullish trend is on hold for now amidst major correction.ETH/USD: Sudden Correction Still Causing Panic For BuyersKey Support Levels: $159, $147, $136Key Resistance Levels: $177, $188, $200Against USD, Ethereum’s price saw massive growth over the last couple of weeks. At the time of writing, ETH is priced at around $168, with approximately 2.68% gains over the last...

South Korea’s Ministry of Economy and Finance has started to review the crypto regulation in the country. In particular, they are reviewing a crypto taxation plan. As South Korea’s Yonhap News Agency has reported, the Korean finance ministry may introduce a 20% tax on crypto gains.Until now, the authorities considered profiting from digital assets as capital gains, and the tax law in South Korea did not see cryptocurrency trading profits as taxable income. However, with the regulatory rule...

Tron price is trading in a bullish zone above the $0.0160 support area against the US Dollar.TRX price recently tested the $0.0180 resistance area before correcting lower.There is a major bullish trend line forming with support near $0.0160 on the 4-hours chart (data feed via Bitfinex).The current price action is positive, suggesting more upsides above $0.0170 in the near term.TRON price is showing a lot of positive signs against the US Dollar, similar to bitcoin. TRX price is likely to...