Markets

After a few days of decreasing volatility, the price of Bitcoin noted a decent spike with 8% gains, roughly a $620 increase in a matter of minutes.As per the leading derivates exchange by volume, BitMEX, the price of Bitcoin reached a daily high of $7,800, while on Bitstamp it went as high as $7,775. Despite the massive surge, at the moment of this writing, the largest cryptocurrency has retraced to $7,500.The increase comes just hours after CryptoPotato mentioned the possibility of a huge...

In what is seen as a paradox that has put many pundits on the edge, recent data indicates that XRP that is widely used by Ripple in its solutions is already less than one month away from being the worst-performing cryptocurrency token that is among the top ten in terms of market capitalization. Research indicates that coming up as a close second in this regard is Bitcoin Cash (BCH) which has lost 49% of its value since its all-time-high as against XRP’s 51%. XRP at the time of the 2017...

Last month in November 2019, crypto exchange Binance joined hands with smartphone manufacturer HTC for a special edition “cryptophone”. Dubbed as the HTC EXODUS 1 – Binance Edition, the handset integrates Binance’s proprietary blockchain network, the Binance Chain with HTC’s own native Zion Vault wallet app.As a result, the handset promises to support Binance’s decentralized exchange (DEX), the BNB token, preloaded DApps, etc. In the latest announcement, Binance has said that the...

Taking a contrarian view, Morgan Creek Digital co-founder and prominent personality in the crypto space Jason Williams has described the upcoming Bitcoin halving event as a non-event. He made this known in a tweet early this week. Unpopular Opinion –Bitcoin halving in May 2020 won’t do anything to the price. It will be a non-event.— Jason A. Williams ? (@JWilliamsFstmed) December 1, 2019While halving refers to the reduction by half of the Bitcoin rewards that are given to miners every four...

[PRESS RELEASE]According to OceanEx, along with its 1st Anniversary, it officially announced that new product —Perpetual Contract is online on Dec 4th, 2019. To celebrate the official online of perpetual product, OceanEx also launches the PRESENT FROM MR. BILLIONAIRE -Simulated Perpetual Trading Competition. All participants will have a chance to win up to 1.32M OCE.It is reported that the current contract market competition is very fierce, but several major issues have not been effectively...

The Ethereum project ETH token kept on sliding during the last exchanging session of the earlier week and eradicated another 7.9 percent of its value. It was decreased to $139 shutting the seven days with a 24 percent loss.The ETH/USD pair was very unstable on Monday, November 25 and was exchanging the $132-$152 zones. The bulls figured out how to abstain from breaking underneath the $130 handle and effectively raised the value to $145, including about 3.5 percent.Next is on Tuesday, November...

Now, we all know SoftBank for its “unicorn status” investment decisions and so it shouldn’t come as a surprise to many that the investment giant has participated in a Series A round of funding for Accel Robotics which is a San Diego-based startup that has been involved in the cashierless space for a bit now. The funding round also attracted other investors including Toyo Kanetsu Corporate Venture Investment Partnership, RevTech Ventures and New Ground Ventures.Accel Robotics and other...

A growing trend in the financial technology world has been a continuous push towards consolidation where the bigger fish is acquiring the smaller fish. There is also an increasing number of interesting startups coming up. The acquisitions happen for the involved companies to enjoy enhanced economies of scale in a business model where all transactions bring incremental returns.However, on December 3, a startup that built the concept of consolidation into its basic DNA raised another funding...

As we are coming to the year’s end we somehow always tend to look in the past to reconcile what was good and what wasn’t. Speaking of the IPOs, we can surely say this year was marked by numerous IPO failures with more than half of stock market debuts now trading below their initial offering.We can just mention hail-raiding companies as are Uber and Lyft who were probably the biggest losers of the year. However, there were also plenty of unicorns that got smashed in 2019 including Peloton (the...

The number of cryptocurrency funds has been decreasing over the last year, as per a recent report. This has caused some to raise the notion that institutional interest in the market is slowing down, while retail interest is the main driver. However, given the industry’s brief history, could this be the case?Cryptocurrency Funds ClosingBloomberg recently reported on somewhat worrying statistics regarding cryptocurrency funds. Per the report, almost 70 such hedge funds have closed this year...