Markets

Fidelity Digital Assets (FDAS), the cryptocurrency division of the Boston-based mutual fund giant, is set to onboard its very fist exchange, before the end of 2019. The FDAS which recently launched a few months ago is currently waxing strong and pushing Fidelity’s position in the broader financial market with both cryptocurrency and traditional sections.Speaking to CoinDesk, Fidelity’s President Tom Jessop has said that the company’s main targets are over-the-counter (OTC) platforms as...

At press time, bitcoin – the world’s number one cryptocurrency by market cap – has fallen all the way back to $7,600, meaning it has lost more than $500 in just 48 hours.Bitcoin Falls AgainThis is a nasty drop, and one that’s reminiscent of where bitcoin stood at around this time last month. During late October, the currency was hit smackdab in the middle when Mark Zuckerberg – the head honcho of Facebook – was scheduled to testify before a congressional hearing regarding Libra and its...

Litecoin saw a sharp price decline of around 12% over the past 24 hours and it currently trades at $46.34. LTC is now down by a total of 21% over the past week which is largely a result of Bitcoin dropping by 10% in a day. LTC remains the sixth-largest cryptocurrency with a market cap of $2.96 billion.LTC has plummetted pretty aggressively over the past 24 hours as it dropped below the support at $50 to reach the current support at $46.41. Litecoin has been on a bearish trend since late June...

Co-founder and former Uber Chief Executive Officer Travis Kalanick, has been in the news recently as he has been offloading his shares in the ride-hailing company, at an alarming rate. Earlier this week, Kalanick disposed approximately $578 million of his Uber shares over a few days notably after a binding lockup period expired on Wednesday, Nov. 6. It would seem like Kalanick might be well on his way to dispose of a lot more of his holdings.According to a Bloomberg report, the ex-CEO’s total...

After years of teasing, they have finally done it. Tesla has unleashed its futuristic Cybertruck. Cybertruck is its real name and it does not resemble any other real truck in existence today. However, despite all the excitement during the launch, the TSLA stock just responded slightly gaining around 0.74% currently trading at $354.83.With an angular design that almost resembles Christopher Nolan’s Batmobile, Tesla’s Cybertruck is designed to be tough. It comprises of an “ultra-hard”...

The Block reported that Binance’s Shanghai office was raided by the police. Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims. CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.” On Thursday, The Block published an article that rocked Crypto Twitter (CT). The New York-based crypto media outlet reported that Binance’s Shanghai office was raided and shut down by the police. The article...

Cryptocurrency markets have been losing ground in recent weeks due to the lack of a positive catalyst. And Ethereum is also under this trend.While most other cryptocurrencies are struggling to maintain their support levels, the ETHUSD pair has not given up much ground. Therefore, during the next upward movement, it is likely that the pair is leading the rally. Therefore, we do not recommend participants to close their long positions yet. They may add a stop loss on the price level at $...

Kraken, one of the world’s leading crypto exchanges based in San Francisco, has introduced a mobile version of its Kraken Futures trading app.Futures Trading in the palm of your hand. Hot on the heels of our Kraken Pro app, The new Kraken Futures mobile app is now live! https://t.co/MpG0ToYlgO— Kraken Exchange (@krakenfx) November 21, 2019Kraken Futures is a professional platform for trading derivatives on digital assets. Regulated by the Financial Conduct Authority, Kraken Futures allows...

Back in September, Apple released new products including the long-awaited iPhone 11 and its variations. In October, the tech giant released new Airpods Pro, with a few more features and more costly as well. Since the release, Apple has sold a lot more units than initially planned for in both cases and now, reports show that Apple is in for a bigger end of the year, especially with the Airpods.At the same time, Apple stock is climbing higher. Now AAPL is trading at around $262. Just to...

China continues its crackdown on crypto exchanges. Binance and Bithumb raid rumors cause widespread FUD. Will China’s U-turn on crypto impact the market? The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges. For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something less stringent. Blockchain technology has been championed within the country, and a lighter touch was...