Markets

Bitcoin hit its record yesterday coming to $8,400. However, the reasons for that are not as nice as it might seem. There is something to do with the current U.S.-Iran political tensions.Yesterday political situation came to its climax when the Islamic Revolutionary Guard Corps confirmed that it conducted rocket attacks on the Al Asad base in western Iraq that hosts American troops.Right immediately after this news was outlived, all “safe haven assets” jumped sky-high. But let’s go from the...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...

The Bitcoin hash rate has been the talk of the town and analysts are closely observing its movement. After dropping below 100 EH/s earlier this week on Monday, the Bitcoin hash rate recovered back to hit a new all-time high.Beating all of its previous records, the Bitcoin hash rate has hit 120.7 exahashes per second (EH/s). The higher hash rate indicates the higher relative strength of the Bitcoin blockchain. It also indicates higher miner participation and more computational power invested...

Regulators consider adding some cryptocurrencies to the list of registered securities. This especially true when it comes to PoS and DpoS-based blockchains, with the staking reward model. The annual report made by OCIE says that crypto-related operations will be observed and studied with caution. The crypto companies already in the SEC‘s registry will experience additional checks too.The OCIE is thriving to deliver the best integrity and security to the U.S. markets and economy. The investors...

Ethereum is drifting on the price level at $143.64 in the generally positive market. At the same time, Ether’s on the spot upside is restricted to the price level at $145 notwithstanding the obstruction offered by the falling trendline.Ethereum can even now slant past the price level at $160 for the time being, however, the bulls should initially defeat the opposition by $150 price level.Ethereum has framed a higher structure from December 18. Brief times of consolidation additionally would,...

The world’s leading trading platform Coinbase has surprised the community. The company has expanded the compatibility for its trading platform Coinbase Pro. Previously, only iOS users could enjoy trading on the platform. Now, with the Android version of Coinbase Pro, Android users have also got access to the great trading experience.To start trading, visit: https://t.co/JzneBPXZJP— Coinbase Pro (@CoinbasePro) January 7, 2020According to the developers, the Android version of Coinbase Pro is...

In collaboration with Banxa, Binance has added fiat options for the Pound (GBP), Euro (EUR) and Australian Dollar (AUD). Banxa is a global fiat payment services solution that works with financial technology companies in solving their fiat-to-crypto currency issues. The popular faster payments services for the British pound (GBP) is available for users who need to buy cryptocurrencies quickly.Changpeng Zhao said that the Australian dollar and the Euro can also be purchased on Binance’s...

Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead.Binance To Help With Australia’s DistressMany institutions and people from around the world, including foreign governments, private institutions, celebrities, and everyday people, have responded to the country’s current situation by offering prayers,...

Bitcoin’s price rises again. Many pundits have indicated that this has created a new paradigm where Bitcoin’s price is now finding new support levels. This also means that a bullish trend may be in the offing although many think that this isn’t so. Bitcoin’s prices have been under severe pressure lately. The downward trend suggested that prices may have finally fallen to less than $5,000 or even worse indicating the lack of footing for a support level. These fears, however, were dispelled as...