Markets

SEBA, the Swiss start-up bank selling cryptocurrency services to clients, is planning to initiate its second-stage fundraising. Less than two years after the first one that raised 100m Swiss francs ($103 M), the bank will seek the same amount to expand its services and develop additional products.Seba Bank To Raise 100MLast year, the Swiss Financial Market Authority (FINMA) granted SEBA with a banking license to operate as a financial services provider that focuses mainly on digital assets....

Over the past two days, we saw Bitcoin reaching the $9000 zone, quickly getting rejected, and now Bitcoin is once again a touch away from 2020 high.Two bullish signs to keep an eye on is the fact that Bitcoin corrected accurately into the 38.2% Fibonacci retracement level – which is considered a healthy correction of a rising trend. The second fact is the fact that the coin is forming an ascending channel (marked on the following 4-hour chart).On the other hand, this channel can easily...

Another bitcoin price prediction is in the books. This time, the prediction comes from a popular crypto analyst who goes by the name of Galaxy BTC on Twitter, and he’s saying that BTC could spike by 1,000 percent in the coming months granted a few things happen.Galaxy BTC Says $100,000 Is on Its WayFor bitcoin to experience such a surge, the currency would need to break past a trendline on a logarithmic chart. Once this occurs, the world’s number one digital currency by market cap could go...

The ethereum classic price (ETC) rallied 40% over the last 24 hours. ETC has more than doubled this week. ETC is now a top 10 cryptocurrency by market cap. An ETC futures product that launched this week catalyzed the price action. A recent technical upgrade is also a likely factor. The ethereum classic price is riding high on Friday, as a crucial technical upgrade partnered with a dash of Binance leverage to launch the lesser-known altcoin into the stratosphere....

Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days.It’s worth noting, however, that this time altcoins did a great job following. All of the top 20 cryptocurrency projects are trading in the green, with some marking more than notable gains. Bitcoin SV,...

As the demands for longer-dated, risk-free securities among institutional investors have always been high, the Treasury will start issuing 20-year bonds. Securities that offer some nominal yield, amid $11 trillion of global debt with negative rates. While Japanese officials are thinking about a much longer 50-year security, the U.S. officials turned this idea down in their announcement.“The 20-year bond fits more easily into the existing market structure. This is a way of taking advantage of...

Ethereum, the number 2-biggest crypto with a recent market value of $18 billion, gained ground after a brief retreat on Thursday. The coin gained more than 3% daily and 2.8% since early Friday. The ETH/USD attempted to surpass $175.00 but the move proved unsustainable and the currency plunged beneath the $170.00 price level while investors ride on positive sentiment.The major considerations why Ethereum could not improve to service the developing market was because it did duplicate Bitcoin‘s...

Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960 (provided by a bearish .786 Fibonacci Retracement level). This price surge puts Bitcoin on a strong bullish footing as the cryptocurrency gears itself to...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...

Binance will list a new set of FTX leveraged tokens that will allow users to open 3x long or short positions for Bitcoin and Ethereum. This comes less than a month after the Maltese-based exchange made a strategic partnership with the derivatives exchange, FTX.Binance Lists New Type Of Leveraged TokensThe leading cryptocurrency exchange by volume, Binance, announced earlier today its newest addition for leveraged tokens. According to the publication, the company will list four FTX tokens –...