Markets

New data demonstrates that Mexican XRP/peso trading volume on Mexico’s Bitso-based digital money exchange hit a record high this month.This expansion is because of the association between Ripple and MoneyGram, which shows that it is as of now moving around 10% of its Mexican peso currency exchange volume through Ripple’s XRP-based installment arrangement, known as ODL.Ripple’s dedication of $ 50 million in value financing for MoneyGram was at long last finished and a second $20 million...

Swedish fintech firm Klarna has become the undisputed champion in the fintech space. Sources indicate that the gains made his year alone has put the firm light years ahead of its peers and competitors. The e-payments firm has indicated that about 60,000 merchants have been added to its network and that it has created linkages with about 190,000 retail partners in addition to 16 million new users of the service as well.Moreover, it has emerged that the fintech firm is now worth about $5.5...

In a history-making move, popular e-sports team Astralis Group is aiming for the first e-sports initial public offering. Sources indicate that the Denmark-based top e-sports gaming company is aiming to conquer the e-sports market which currently worth about $1.1 billion. Sources also further indicate that the IPO based on the prospectus is set to raise between 125 to 150 Danish Kroner which is about $18 million to $22 million. The listing is scheduled for December 9 and it is said to take...

It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of the inverse head and shoulders pattern.Since then, Bitcoin quickly made a move to our next mentioned resistance level of $7700 and quickly got rejected. Over the past 40 hours, Bitcoin is trading under the tight range of $7400 to $7700.From the bullish side, after such a massive move ($6800 to $7700), a correction or consolidation was...

Pushing the crypto use in the tourism industry, crypto exchange Binance has entered a partnership with crypto travel startup TravelbyBit. The two companies together announced the launch of a rewards card which can facilitate crypto payments on several travel websites.Users of the TravelbyBit travel rewards card will get access to exclusive travel deals and discounts for the hotel as well as flight bookings. The crypto travel card will function as a traditional prepaid debit card wherein the...

After days of uncertainty and rumors among the community, the Chinese exchange IDAX Global confirmed that the CEO has disappeared. As a result, withdrawal processes are still not functioning after initially being stopped earlier this week.IDAX Global CEO DisappearsIDAX Global cryptocurrency exchange was the subject of a fair share of negative news over the last several months. After reportedly leaving the U.S. and Canada due to strict regulations, the company had to stop serving users in its...

Jeff Bezos has unexpectedly become the world’s richest man again. This occurred largely due to a significant increase in U.S. online sales which has risen by 15.8 % as opposed to last year. Online retailers have made sales of about $50.1 billion this month alone so far. This, of course, has been reflected in the rising prices in Amazon stock which stands at $1,818.51 per share which indicates a rise of about 1.20% in the past twenty-four hours. Amazon’s stock has rebounded largely in part to...

Bitcoin cash price is currently recovering and trading above $210 against the US Dollar.The price is struggling to gain momentum above the $222 and $226 resistance levels.There is a major bearish trend line forming with resistance near $222 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a nice upward move above the $221 and $222 resistance levels.Bitcoin cash price is showing positive signs above the $210 level against the US Dollar. BCH/USD is likely...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBitstop is propelling the Bitcoin terminalsThe BTC will become successful only if it is used in real life — BakktOn W1, the Bitcoin keeps developing an impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth balancing the price. Perhaps the new ascending impulse coming soon will not be as large, however, before that we will see the renewal of the minimum. The...

Ethereum (ETH), the largest altcoin by market capitalization, rose 4.5% at the time of publication, trading at $ 151.00. The total cryptocurrency market limit was $ 205.5 billion, due to losses that previously sent it below $ 190 billion.Ethereum value has been very missing recently in spite of strong establishments and a developing decentralized ecosystem. The second-biggest crypto resource on the planet is so miserably attached to its more seasoned siblings that it might take some time...