Markets

The largest cryptocurrency, Bitcoin, went through a sudden flash crash on the world’s most popular platform, Binance. The price lost a tremendous chunk of its value, going down to as low as $680 in an instant. It happened with the BTC/USDS trading pair, and it allowed those who had placed low orders to have them filled during the recovery, which came just as quickly.Bitcoin At $680 In A Flash CrashVolatility in the cryptocurrency market is not something unexpected. Just on the contrary – it’s...

Nowadays it is becoming more and more popular to play games on your mobile device, rather than your PC. And it’s nothing strange since mobile phones are today more developed than ever. One of these popular games is rolled out by Activision Blizzard. It is Call of Duty: Mobile that has recently, according to Sensor Tower Store Intelligence estimates, brought in around $87 million in global player spending and more than 172 million downloads in only two months of its existence.Even though there...

In a major turn of event at crypto startup Circle, Sean Neville will be stepping down from his role as the Co-CEO of the company. In an email secured by CoinDesk, Neville notified his decision during a quarterly meeting among the Board of Directors.Neville found this Boston-based peer-to-peer payments technology company in partnership with Jeremy Allaire, in 2014. While Neville decided to step down from the role of Co-CEO, he will continue as the company’s independent director.Neville has not...

EOS price is struggling to continue above the $2.750 and $2.820 resistances against the US Dollar.There is a decent support forming near the $2.500 and $2.535 support levels.There are two major bearish trend lines in place with resistance near $2.750 and $2.820 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could only start a strong upward move once it settles above the $2.850 level.EOS price is facing a lot of hurdles for a bullish wave against the US Dollar and...

In general, the fund that made a bet on different unknown coins is experiencing major troubles. The long-awaited “altcoin season” didn’t come.ICO Funds Related to Shitcoins are Receiving  the HeatAccording to the sources, ICO designated portfolios are losing most of the profits. Many of the funds keep the “illiquid, pre-launched” tokens which will only be launched at the end of 2019. However, this does not add those tokens any credibility.Instead, we see that privacy-oriented PoW coins are...

Litecoin price is declining and trading well below the $50.00 level against the US Dollar.LTC price is struggling to recover above the $46.50 and $47.20 resistance levels.There is a major declining channel forming with resistance near $46.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to extend its decline below the $44.00 and $42.00 levels in the near term.Litecoin price is trading in a major downtrend against the US Dollar and bitcoin. LTC price...

United States Governor from Georgia Brian Kemp on Wednesday officially appointed Bakkt CEO Kelly Loeffler to the U.S. Senate, where she will succeed current Senator Johnny Isakson.Some media already reported on Friday that Kemp was considering Loeffler and today it is confirmed that she will take office on January 1, 2020. Even though Isakson’s term ends in January 2023, Loeffler will have to run for election next year if she plans to serve past January 2021.Loeffler, a Republican, was...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.BTC and ETH are forming reversal patterns both on the RSI and the price charts. Of course, buying on the falling market is not always a good idea. To be sure, a buyer must see a breakout of the closest resistance lines. The other altcoins follow the leading assets but show no reversal patterns...

Bitcoin rose 10% in less than 10 minutes, causing $60 million worth of shorts to be liquidated.The sudden liquidation of large contracts fueled a spike to $7,800.Technical analysts remain cautious on the short-term trend of bitcoin.The bitcoin price surged 10% in just 10 minutes on Wednesday, lifting BTC as high as $7,800. The move liquidated $60 million worth of shorts on BitMEX in one of the strongest short squeezes in recent months. The bitcoin price jumped as high as $7,800 today. |...

Technology has been able to penetrate pretty much every industry in the global economy. The optimization and streamlining feature that the concept has can’t possibly be overstated, and while incumbent traditional organizations still control a large portion of the market share, there is a continued threat of newer firms coming over and posing a lasting challenge.One of the most important sectors of the global economy is the financial sector. As many have stated, the financial sector controls...