Markets

Qualcomm on Tuesday officially announced its next-generation flagship processor for phones. Dubbed the Snapdragon 865 the processor is still in need of a separate 5G modem to enable 5G instead of an integrated 5G modem built right into the chipset. Traditionally, that means more expensive, power-hungry phones than an integrated solution.However, at the Amazon’s event held in Las Vegas called AWS re:Invent, there were plenty of other solutions. Verizon CEO Hans Vestberg went on to discuss the...

In health care industry there is a massive opportunity for a Blockchain revolution to lead a digital transformation from medical records, to pharmaceutical supply chains to smart contracts for payment distributions. There are plenty of opportunities to leverage this technology. Many healthcare companies are currently working on or have already released blockchain-based systems to improve healthcare for both professionals and patients.The adoption of the blockchain technology could save the...

ADA price started a fresh decline after it failed to surpass the $0.0420 resistance against the US Dollar.The price is currently declining and trading below the $0.0400 support area.There is a descending channel forming with resistance near $0.0375 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate losses below the $0.0355 and $0.0350 support levels in the near term.Cardano price is following a downtrend against the US Dollar and bitcoin. ADA price could continue to...

Bitcoin price is declining and it is now trading well below $7,500 against the US Dollar.The price is likely to extend its decline towards the $7,040 support area.There is a contracting triangle forming with resistance near $7,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could bounce back unless there is no daily close below $7,040 and $7,000.Bitcoin price is showing bearish signs below $7,300 against the US Dollar. BTC is under pressure, but it might hold...

Over the past three days, Bitcoin was ‘stuck’ between the significant price range of $7300 – $7400. This range is familiar to Bitcoin, as the cryptocurrency struggled there for an extended period during November.The last time Bitcoin broke down from that range; it resulted in a daily candlewick down to $6500, which is the lowest price of Bitcoin since May 17, 2019.Besides, on the daily chart, Bitcoin encountered two major descending trend-lines and couldn’t overcome beyond them.A few hours...

It seems Kuwait’s government could insert at least $1 billion in the initial public offering of Saudi Arabia state-owned oil company, Saudi Aramco. Sources familiar with the situation said that the kingdom asked its regional partners to support the share sale valued as high as $2 trillion.Until recently, the Kuwait Investment Authority had been pretty much unwilling to commit significant funds to the IPO. However, the government explained that a stake was in the country’s strategic interest,...

The month of December has just started and already we’re off to a good start. Bitcoin – the world’s largest and most prominent cryptocurrency by market cap – has seemingly jumped in price by another $100, leaving many enthusiasts to wonder if perhaps the currency is about to enter another bull run.December Has Often Been Good to BitcoinOf course, to assume this means anything would be a mistake. Bitcoin can go up just as easily as it can go down. We all witnessed that over the past few...

American multinational investment bank and financial services company Morgan Stanley has changed its rating on stocks from Roku, the on-demand video streaming platform backed by Fox. Even though Roku has had an amazing year and climbed quite explosively in the stock market with 400% year-to-date YTD returns, Morgan Stanley dropped its Roku rating from equal weight to underweight.In a recent note to the company’s investors titled “It’s All Priced In”, Morgan Stanley analyst Benjamin Swinburne,...

SummaryXRP suffered a rough week as the price dropped by 12%. During the past 24 hours, however, it marked a slight increase of almost 2% and reached its current level at $0.222.The cryptocurrency has been trapped within a wide range between 3324 SAT and 3000 SAT against BTC in November 2019.It may be able to climb higher as the technical indicators start to flatten out in oversold conditions.Key Support & Resistance LevelsXRP/USDSupport:  $0.215, $0.200, $0.185Resistance: $0.2345,...

On Monday, December 2, there was palpable disappointment in the finance atmosphere as the U.S. stock market’s major indexes, including Dow, saw a sharp fall, the largest 24-hour loss in the last eight weeks. The loss has left quite a number of investors rattled as some believe that it might be an important factor in deciding how well or poorly the general stock market will end 2019.For specifics, the Dow Jones Industrial Average (DJIA) ended the day at 27,783.04 points, losing 268.37, a 0.9%...