Markets

After this week was pretty bearish for Bitcoin, it finally turned its way upwards. Some of the merits go to the crypto derivatives platform ErisX that started with its physically settled Bitcoin futures contracts, launching only the second such product suite in the U.S. However, only after Wednesday it went above the $7,000 mark. At the time of writing, it is trading at $7,179 that came as a welcome change that brought a dash of optimism among traders and analysts.With sentiment going up and...

It has become known that Everledger, Tencent and Alrosa will sell diamonds with blockchain IDs. A blockchain startup Everledger will serve as a basis for the retail mini program which is exclusively for WeChat customers. Having one billion Chinese folks using it in everyday tasks, the app gives transparent and truthful details about different things. And now – including the luxury stones. The feature is using blockchain for traceability and transparency. Customers will be able to obtain...

During a Hedge Fund Association Conference in New York, Christine Sandler from Fidelity Investments said that a good custodian must have geographic diversity and knowledgeable staff. She noted:“To do it really well, you have to have geographic diversity, a staff that understands the underlying technology,”That means that people who can sign the multi-signature transactions across the globe, and knowledgeable of the blockchain trends. She thinks that the custodian wallet providers like...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...

At press time, bitcoin isn’t doing so hot. The number one cryptocurrency by market cap is down for the count and trading in the $6,000 range.Bitcoin Still Has LoyalistsAnd yet, much like gold and other precious metals, the digital asset can’t seem to shake its followers, some of whom hold rather prominent positions in the world of finance. One such follower is 59-year-old Nassim Nicholas Taleb, the author of bestselling books like “The Black Swan” and “Fooled by Randomness.”Taleb says he’s...

EOS saw a slight increase of 5.25% over the past 24, and it now trades at $2.42.The cryptocurrency is trading sideways against BTC within a 6-month old symmetrical triangle.EOS has been climbing the rankings as it reaches the 7th position with a $2.28 billion market cap.Key Support & Resistance LevelsEOS/USDSupport: $2.16, $2.05, $1.80.Resistance: $2.64, $3.00, $3.15.EOS/BTC:Support: 0.000332 BTC, 0.000316 BTC, 0.00030 BTC.Resistance: 0.00036 BTC, 0.00038 BTC, 0.0004 BTC.EOS/USD: Finds...

Tesla stock seems to be unstoppable in the last few days. At the time of writing, the stock just hit a record high, rising 2.39% to $402.67. This puts the company close to that $420 figure that costs its CEO Elon Musk $20 million in fines with the Securities and Exchange Commission (SEC). When the stock reaches $420, Musk said Tesla will go private.Since Tesla announced a surprise profit in the third quarter, the stock has been on a rise. It finally recovered from its problems caused mostly...

Yesterday’s article emphasized the extreme overselling of the market and, therefore, the high probability of the appearance of discount hunters. And they appeared.The news of the day is that of apprehension over Ethereum, as an ICO investor allegedly moves 300,000 ETH.The recent movement of funds from an early participant in the Ethereum ICO is causing some apprehension in the Ethereum market. Over the past few months, the account has transferred about 300,000 ETH to exchanges. A few days...

U.S. President Donald Trump becomes the third president in history to be impeached by the House. The announcement came on Wednesday, December 18, when the Democrats voted for two articles – obstruction of Congress and abuse of power.This historic vote comes after the House Democrats conducted an inquiry into Trump’s dealings with Ukraine. The impeachment process isn’t over yet though. The proceedings now move to the Senate for the next trial. Thus, the Senate holds the final decision if it...

Featured –The rise of Binance has been unstoppable ever since the platform first launched in 2017. It’s fair to say that much of the exchange giant’s growth has been organic, as it has expanded into new geographies and verticals, including IEO platform Launchpad and Binance Futures.Not all of the growth has been organic, though. In 2019, Binance has been on a buying spree, acquiring four companies in a bid to extend its reach even further. It started in July with Trust Wallet, followed by...