Markets

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...

Stock market research firm Fundstrat published a bullish 71-page report promoting the IOTA cryptocurrency to its clients. Something doesn’t add up when you compare this to a public disclosure found on its retail portal. The IOTA project already has a shifty reputation, and Fundstrat isn’t doing itself any favors. The stock market research firm founded by notorious bitcoin price prediction “expert” Tom Lee has been spotted promoting the controversial IOTA...

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...