Markets

Anyone expecting a new record high bitcoin price by the end of the year is likely to be disappointed.Based on the previous cycles of BTC price activity, we probably won’t see bitcoin smash back through $20,000 before at least May 2020. The reason is simple:Bitcoin has never recaptured an all-time high before a halving eventLook at the Coin Metrics chart below, marked with the halving every four years, edited by CCN to mark the price at each event. In the last two cycles, BTC has failed to...

SoftBank Group Corp., a Japanese multinational conglomerate holding company and the largest investor in WeWork, is currently deliberating on investing an additional $1 billion into the space sharing startup. This deliberation involves the revisiting certain terms in the warrant agreement between the two firms.Before now, SoftBank had concluded terms with WeWork for an investment of $1.5 billion before the company’s issues seemed to intensify, forcing it to discontinue its earlier agreed-upon...

Bitcoin and the entire crypto markets arena are in chaos currently after an abrupt drop in Bitcoin network’s hash rate that resulted in heavy losses on September 24. Some analysts also believe that eh recent drops are as a result of a disappointing launch of the much-anticipated Bakkt platform.On that day, Bitcoin price dropped sharply, losing up to 15% of its value in hours confirming a bearish reversal. All that happened as investors focused on Bakkt’s low Bitcoin trading volume and it...

Peloton Interactive Inc., a fitness company popular for its engaging workout routines run on its exercise equipment, has announced on Wednesday, its decision to fix its share price at $29 each, for its initial public offering (IPO). The company’s press release announces that the public offering will begin today September 26 with the “PTON” ticker code and will offer 40 million shares of its Class A common stock.Peloton is looking to raise $1.16 billion with a minimum of $8 billion as the...

Photo: The Amazon blogAmazon yesterday unveiled quite a lot of new updates to the Echo and a few new addons as well. A few new commands to Alexa were also featured and the new option of having a celebrity voice came on as well.Amazon outdid themselves this time with more versions of Echo than you’d expect. Another interesting feature is the echo show which functions as more like a glowing orb which changes colors according to the beat of any music playing in the background. This among other...

As we reported on Wednesday, proceedings for an official impeachment enquiry against U.S. President Donald Trump, was announced by Nancy Pelosi, the Speaker of the House of Representatives, shocking the entire country and the world at large. When this news spread, a lot of people considered what possible effects the situation could have both for the U.S. Stock Market as well as the prolonged trade tensions with China. Now, it would seem that fears have been allayed a bit, as the stock market...

Litecoin price declined heavily and broke the $62.00 support area against the US Dollar.LTC price is traded towards the $50.00 support area and it is currently consolidating losses.There was a break below a major bullish trend line with support near $71.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face resistance near $60.00 or $62.80.Litecoin price is trading in a bearish zone against the US Dollar and bitcoin. LTC...

California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will begin on next Tuesday. Among the first cryptocurrencies that will be added for trade on SoFi Invest platform are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).As per the announcement, the idea came as a reaction to demand from its network that has more than 800,000 members. Beginning next week, SoFi Invest will become the first platform that...

Binance, arguably the largest and most popular cryptocurrency exchange in the world, is giving U.S. customers the chance to deposit up to five new cryptocurrencies into their accounts. These assets include Stellar, Cardano, Ethereum Classic and BAT.Binance Expands Its U.S. HorizonsAt press time, the exchange offers primarily mainstream cryptocurrencies with large market caps. These include bitcoin, BNB – the exchange’s own cryptocurrency – Ethereum, Ripple’s XRP, Litecoin, bitcoin cash and...

Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes.Binance putting the pedal to the metal on launch day. | Source: TwitterUnfortunately, the launch did not go without a hitch. Many users experienced some...