Markets

Novogratz is a fan of making Twitter predictions. This time, he thinks that Donald Trump will lose the Presidential elections. His competitor, according to Novogratz, will have 10 million votes more. One of the subscribers made a bet that this will not happen, placing 1 ETH and Novogratz accepted the deal.However, when it comes to Tom Hanks, Novogratz thinks that no other actors can dive into the Process as precisely as he can. Regarding “A Beautiful Day in the Neighborhood”, he thinks that...

South Korean National Tax Service sent Bithumb a letter claiming they will need to pay additional taxes for the 2019 fiscal year. The agency claims that the tax is legal because the exchange forgot to pay the taxes from withdrawals that the exchange is constantly processing for customers from abroad.Doo Wan Nam, MakerDAO Business Development Associate says that Bithumb had a net loss of $180 million in 2018, considering the data given by Korea Times. This means that regulators are taking the...

Another analyst is claiming that the upcoming bitcoin halving – scheduled for May 14, 2020 – will have no effect on bitcoin’s price. The analyst this time is Meltem Demirors, the chief strategy officer of Coin Shares – a firm that manages digital assets.Demirors: The Halving Isn’t Likely to Do MuchIn a series of tweets, Demirors claims that the upcoming halving isn’t likely to boost bitcoin’s price or influence it positively. She lists up to five reasons why. For the first, she claims:There...

Over the past three days, despite that most of the traders are off on vacation, we could see a nonsense trading around the $7200 BTC mark.The following daily chart tells the short-term story: throughout the month of December, Bitcoin can’t get over the green resistance line – including the latest tryout two days ago at $7430.From below, despite one fake-out which got quickly corrected, the yellow ascending trend-line is supporting Bitcoin since April 2019. The last attempt of the line took...

No doubt Ethereum (ETH) is a hardcore crypto asset that’s not to be messed with. It’s the second-largest cryptocurrency by market cap, and it holds its ground over the likes of Ripple (XRP), bitcoin cash (BCH), EOS (EOS) and Litecoin (LTC).Ethereum Still Has Some IssuesBut even top products and companies appear to suffer from time to time, and Ethereum is no exception. The company recently announced that it was having to cancel out several jobs in both the Philippines and India. While it’s...

The last week of 2019 didn’t really bring a lot of excitement within the cryptocurrency market. Bitcoin’s price remained trapped within a fairly narrow range between $7,100 and $7,700, while altcoins struggled to claim any new grounds. As a matter of fact, Bitcoin’s dominance stabilized well above 68%, which showed that BTC kept its market share intact, despite the lack of any price increases. Despite the fact that Christmas is over, it’s important to monitor the price going forward. It’s...

Bitcoin attempted to regain some of the losses from this month as it increased by a small 1.26% this week. The cryptocurrency remained supported at $7,123 and even spiked higher to meet the December resistance at the $7,886 level. Bitcoin is now trapped within a range between $7,686 and $7,123 and must break this range to dictate the next market direction.If the bulls defend the support at $7,123 and start pushing higher, initial resistance lies at $7,400 and $7,686 (bearish .382 Fib...

At the hour of composing, XRP/USD is changing hands at $0.1882, generally both unaltered since the start of Friday and on the last day. XRP has recouped from December 18 low of $0.1725; in any case, the further recuperation is by all accounts restricted by a mental obstruction at $0.20.It’s critical to recall that regardless of whether XRP can turn bullish temporarily, its long term trend remains quite terrible. The cryptocurrency has plunged over 60% over the most recent half-year and has...

Tesla‘s products build a cyberpunk future many people were waiting since the 20-century classic books. A regulatory file posted on Thursday claims that big Chinese lenders work with Tesla corporation on financing the first Tesla plant construction in China. Situated outside of the U.S., the plant will serve the Asian market with the cars that are of high honor among Chinese folks.By signing several deals, Tesla is trying to expand its manufacturing to the world’s largest automobile market....

Bitcoin cash price is trading nicely above the $182 support area against the US Dollar.The price is facing a couple of important hurdles near the $198 and $204 levels.There is a declining channel or a bullish flag forming with resistance near $192 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could decline a few points before a fresh increase above the $198 resistance area.Bitcoin cash price is trading in a positive zone above $182 and $180 against the US Dollar....