Markets

Bitcoin price is currently under pressure below the $9,070 resistance area against the US Dollar.The price is holding the $8,600 support area, but it remains at a risk of more losses.There is a major bearish trend line forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to break the $8,600 support area and it might soon test the $8,300 support.Bitcoin price is showing a few bearish signs below $8,900 and $9,070 against the...

Libra just can’t seem to catch a break. Following months of haggling by U.S. lawmakers and European officials, a Romanian bank chief is adding his negative opinions to the mix, saying that Libra is “dangerous” and likely to do irreparable damage to the global financial infrastructure.Libra Is Getting Hit from All SidesDaniel Daianu, president of Romania’s Fiscal Council, says that if Libra ever does reach full potential, banks are likely to disintegrate overnight. He states:Cryptocurrencies...

CoinMarketCap launched a new tool to combat fake trading volumes. The firm aims to bring more clarity into the space, which has been tainted by manipulation. Different companies in the industry are making strides towards a market free of manipulation. The cryptocurrency market has been tainted by manipulation since its early beginnings. As a result, CoinMarketCap, the leading cryptocurrency data tracking services platform, has been making strides towards a market free of manipulation. The...

We saw a busy week with events and attempts to influence the price. Bitcoin lost a key support level of $9,000 in a sudden move downwards which took its price to where it currently trades at around $8,700. However, the volatility continues and traders who’ve taken up leveraged positions might be in trouble as it’s quite difficult to keep up with the market.The month begins with a little enthusiasm and a quick correction which reminds us that the end of the year is approaching and there’s not...

Photo: RBCThe biggest Canadian bank, Royal Bank of Canada (RBC), might just possibly launch its own cryptocurrency trading platform. Media sources familiar with the situation said that RBC, that has more than $965 billion in total assets, has applied for four patents in Canada and the U.S. Those patents, according to the sources are showing the ways of how it could integrate cryptocurrencies into its operations.As per the patent: “To individual users, managing cryptographic keys and...

“Content is king” and has been since Bill Gates first wrote those words in 1996. Nevertheless, online media publishing is a highly competitive space. News outlets all over the world struggled with the transition to digital and ended up with global publications, including Bloomberg, the Economist, and the Wall Street Journal, paywalling their content. There are still many thousands of outlets providing free news. Advertising is one of the most popular means. The digital advertising market is...

apM Coin, a blockchain project from Dongdaemun wholesale giant apM Group, will launch its platform token on Bittrex Global on November 14th, 2019.apM Coin is a blockchain project that focuses on optimizing customer reward and payment systems for the wholesale clothing market. The project is backed by apM Group’s knowledge and influence in the industry. apM Coin will be introducing its mobile app called “apM Members” later this year.Using the app, visitors of apM’s three major shopping malls,...

[PRESS RELEASE]A few months ago, CoinDeal like other lead exchanges, has created its own CoinDeal Token (CDL). The CDL is based on the ETH blockchain, which will enable a fast trading process and will allow users to gain many advantages while using the platform. The CoinDeal Token market has been launched!The first token in the world which was given for freeCoinDeal distributed 90% of its tokens to users, 87549 people received – 514 tokens each. The current price is about $12.90 for 514...

Tencent Holdings Ltd, one of China’s biggest firms, generally has its hands in a little bit of every pie including gaming and sports. However, it would seem like there are dog days ahead for the giant firm, following a simple tweet in support of protests in Hong Kong.Back in 2018, Tencent successfully bagged a heavy and expensive deal worth $1.5 billion, which gave the company fully exclusive rights for streaming access to several games in the National Basketball Association (NBA) league....

Canaan Creative, the Chinese Bitcoin mining company is all set to go public by listing its shares on the Nasdaq trading platform next week on November 20. As we have already reported, Canaan filed for its U.S. IPO on October 28, with Galaxy Digital, Credit Suisse, Citigroup and four other underwriters.Canaan is one of the biggest rivals of Bitmain in the crypto mining space. As per the report, Canaan is planning to raise around $400 million from its IPO. However, it is unclear at this stage...