Markets

It looks like the digital storage and rental marketplace Omni has been struggling to make ends meet. In the latest development, Omni has announced its intentions to shut down its operations by the end of 2019.This announcement comes just within a few months after the rental startup sold its physical storage operations to its competitor Clutter in May 2019. A report from the TechCrunch states that $35 million worth Omni is yet another victim of a “venture capital-subsidized business”. Meaning...

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH (approximately $50 million in value) were stolen from the exchange. All lost funds will be covered, according to the head of the firm. Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. Hot Wallet Hacked On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that...

ADA price is struggling to find strength above the $0.0370 resistance against the US Dollar.The price is likely to accelerate once it breaks the $0.0370 and $0.0385 resistances.There was a break below a major bearish trend line with resistance near $0.0362 on the 4-hours chart (data feed via Kraken).The price could resume its decline if it struggles to clear the $0.0370 resistance area.Cardano price is facing an uphill task against the US Dollar and bitcoin. ADA price must clear $0.0385 to...

According to recent statistics, only about 7% of the circulating ETH is currently being held in cryptocurrency exchanges. This represents a notable decrease throughout the past few years. Data also reveals how storage was redistributed among the various exchanges over the same period.Ethereum Exchange Storage DecreasesPopular cryptocurrency monitoring resource TokenAnalyst has presented exciting information from the last four years. Within this period, the whole cryptocurrency community...

Bitcoin price started an upside correction from the $6,515 low against the US Dollar.The price is currently trading near the main $7,240 and $7,370 resistance levels.There is a major bearish trend line forming with resistance near $7,160 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to struggle near the $7,240, $7,370 and $7,515 resistance levels.Bitcoin price is approaching a major breakout resistance near $7,370 against the US Dollar. BTC could either...

Bitcoin maximalist Anthony Pompliano claims he will never bail out of his long positions. Gold cheerleader Peter Schiff likens this to a Titanic captain – loyal but misguided. Even with its recent price plunge, bitcoin is still massively outperforming gold. At What Point Will Bitcoin Maximalists Capitulate? Peter Schiff never passes up a good opportunity to roast bitcoiners. The flagship cryptocurrency’s unexpected decline in the second half of this year has not gone unnoticed...

NYU Economist Nouriel Roubini is hyped over the massive bitcoin price drop since October. Altcoin prices are down too. Theories abound as to the causes of what could be the next crypto winter. The crypto industry’s leaders see opportunity in the bitcoin bear market. Nouriel Roubini piled on the FUD Tuesday morning. As bitcoin’s price continues its plunge into what could be another crypto winter, the NYU economist suggested it’s the end of crypto entirely: Source: TwitterThe...

Commodity markets dictate the global trade of primary manufactured products, from cocoa to gold and from sugar to oil. As these tangible good cross the vast oceans, borne along by capacious container ships, trading platforms flicker with the constantly moving prices of these assets, whose real-time market value is dictated by the usual forces: supply, demand, sanctions, geopolitical relations, currency rates and the array of other variables that can dictate the final price paid for containers...

On Monday, the stock market reached new highs: the Dow Jones Industrial Average gained 190.85 points (or 0.68%) and achieved 28,066.47 by the end of the day, the Nasdaq Composite increased by 1.32% up to 8,632.49, while S&P 500 gained 0.8%. The biggest gains have been made by technology and health care companies. Such companies as Amazon, Apple, Netflix, Intel, Alibaba, Tesla, Disney, and more have enjoyed growth in stocks. For example, Intel rose 2%, Amazon gained 1.61%, Gilead Sciences...

Storeum (STO) gains over 11000% out of nowhere. What is this enigmatic project? Another day another pump and dump. While the rest of the crypto market slowly bleeds away, one cryptocurrency – dubbed Storeum – has sprung out of nowhere, citing improbable gains. But what is this cryptocurrency, how did it get here, and is it a scam? Recently, Coinmarketcap (CMC) has been a fairly dire, mournful reminder of the recent carnage witnessed within the cryptocurrency markets. Various...