Markets

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,...

The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100.Taking a look at the technical aspects, $7,700 serves as a major support line now, followed by $7,400. If Bitcoin’s bullish 2020 move is to continue, it would have to break the most significant resistance level...

The crypto community is on the fence regarding the May 2020 halving. Fundstrat founder Thomas Lee believes that the halving along with two other catalysts will push bitcoin to greater heights. Other analysts are also bullish on the orange coin as they predict that a new all-time high is on the horizon. There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other...

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules.With so many different sorts of regulations being forced on the crypto market, let’s dive into what’s to come, what could be the change, and ultimately – is it good or bad for Bitcoin and the...

While BTC recorded modest 5% gains, its was the OG’s many offshoots which benefitted most from the weekend’s pump. Bitcoin SV (BSV) led the pack with a 38% surge leading into Saturday. Even Bitcoin Diamond (BCD) emerged from obscurity to rake in the gains. It was a good day for Bitcoin on Saturday, but not necessarily BTC. While Bitcoin (BTC) did record modest 5% growth, it was the digital currency’s many forks ands offshoots which benefited most from the weekend...

Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020.After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark.Yesterday we saw Bitcoin gearing down towards the $7700 support, along with the crucial mid-term descending trend-line (that was started forming during June 2019,...

Eric Young and Adam Kurtz suddenly revoked their lawsuit against the Bitfinex exchange and Tether founders. The two previously claimed market manipulation and fraud.The plaintiffs said they are crypto traders who suspect that Bitfinex and Tether fed the market with fake data about their volumes, operations, and deals. However, on January 7 both filed a document saying they demand voluntary dismissal for their claims:“The Court having considered the Notice of Voluntary Dismissal Without...