Markets

In a surprise turn of events, footwear maker Nike has decided to terminate its relationship with technology giant Amazon and it will no longer sell its goods on the retail website of Amazon.In a statement Nike said:“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”“We will continue to invest in strong, distinctive partnerships for Nike with other retailers and...

Overall, the cryptocurrency market is pressured and this includes Ethereum as majority lost steam for the upside zone. The bullish momentum eased out as buyers look to supply zones to make another entry. The total market capitalization of crypto as of Monday had lost a total value of $ 6.8 billion. Most of the important coins currently remain at supply levels over the last 24 hours, while ETHUSD ended Wednesday at 187.49, gaining $ 0.40 (0.21%).As at the time of composing, Ethereum (ETH) is...

XRP saw a small decrease of around 1% over the past 24 hours and it currently trades at $0.2677. This follows a more significant drop of 7.23% over the past week.Nevertheless, XRP remains the third-largest cryptocurrency with a market cap of $11.71 billion.Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, the cryptocurrency continued to pull back, breaking below $0.28 and $0.27 to reach the current level of $0.2677.From above: The nearest level of resistance is located...

Decentralized Finance (DeFi) is among the fastest-growing trends that are based on blockchain. The well-known venture capital firm Andreessen Horowitz has recently invested $25 million in the popular DeFi project Compound, thus continuing its involvement in the field.$25 Million Raised For a DeFi ProjectAndreessen Horowitz invested $25 million in the fast-growing project in the field of decentralized finance, Compound Finance. The latter is based in San Francisco and uses blockchain and smart...

Mining giant Canaan Creative is set to launch its IPO later this month. The Avalon miner maker proceeds with its IPO despite massive devaluations. The company appears to be betting on a strong bull market, which would dramatically increase demand for mining equipment. Bitcoin mining is a delicate balance of these three factors: equipment efficiency, electricity costs, and bitcoin price. Miners often have control over the first two factors but they are at the mercy of the dominant...

Motorola has announced its next smartphone, a rehash of the much older Razr flip phone series which was initially released back in 2003. The new Razr which is scheduled for release next year will be foldable but unlike its ancestors, will have no buttons.For some, it would seem like phone makers are becoming quite reminiscent of the old days when mobile phones came in more shapes and sizes, with some of them designed as foldable flip phones. In late September, Samsung released its Galaxy...

Ethereum has been very stagnant this past week, moving only by a small 0.3%. The cryptocurrency now trades at a price of $189. Ethereum has been trapped within a short term consolidation pattern because of which it only increased by a small 4% over the past 30 days.Ethereum remains the second-largest cryptocurrency as it holds a market cap of $20.28 billion. Looking at the ETH/USD 1-day chart:Since our previous ETH/USD analysis, the cryptocurrency couldn’t break above the resistance at the...

It has been evident in the last few years that companies within the blockchain, cryptocurrency and fintech space are receiving a lot more institutional backing after years of being rather niche sectors of the business world. This is evidenced by the fact that many more prominent firms are taking on blockchain technology such as MasterCard, Air Canada, Barclays and so on. It is also evidenced by the fact that many private firms such as Facebook and JP Morgan are embracing cryptocurrency and...

EOS price struggled to surpass the $3.660 and $3.680 resistance levels against the US Dollar.The price is currently declining and it is facing resistance near the $3.500 area.There was a break below a connecting bullish trend line with support near $3.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to correct lower below the $3.400 and $3.320 support levels.EOS price is currently correcting gains against the US Dollar, while bitcoin is declining....

Litecoin price failed to surpass the $65.00 resistance area and declined recently against the US Dollar.LTC price is currently trading well below the $62.50 and $62.00 support levels.There was a break below a major bullish trend line with support near $61.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $58.80 and $57.50 support levels.Litecoin price is facing an increase in selling pressure against the US Dollar and...