Markets

Leading blockchain project led by the South Korean Internet giant Kakao, Klaytn, announced on Tuesday that it has added Binance to the Klaytn Governance Council in order to take part in the platform’s blockchain operation that will further develop ways of how could mass blockchain adoption be brought globally.By tackling the Klaytn platform ownership, the Council members work as crucial decision-makers for Klaytn’s business and technical growth.They also work focusing on Klaytn-based...

Ethereum price is holding the $168 support area and correcting higher against the US Dollar.ETH price is facing a strong resistance near the $178 and $180 levels.There is a crucial bearish trend line forming with resistance near $178 on the 4-hours chart (data feed from Coinbase).The price is likely to start a strong rise if it clears the $178 and $180 resistance levels in the near term.Ethereum price is facing a significant hurdle near $180 against the US Dollar. ETH price must stay above...

Do you shop on Amazon? Would it be easier to pay with crypto than it would be to pay with fiat? If so, you should check out a new startup called “Moon.”Moon: The New Way to PayMoon is a company that began through the hands of three individuals. The venture allows you to use cryptocurrency to pay for items on Amazon through the Lightning Network, a highly praised if somewhat controversial platform that is alleged to boost the transactions speeds of the bitcoin blockchain.Bitcoin is the oldest...

Popular crypto exchange Binance which has been working on a fiat trading solution for its customers is finally ready to launch. To kick-start this innovation, the exchange will work with Russian rubles in the beginning phase.This interesting development was made public on Monday by Binance CEO, Changpeng Zhao, at the Open Innovations conference held in Moscow, Russia. He revealed that in the next two weeks the fiat trading option for Russian rubles should be available on the exchange, making...

The price of bitcoin has been heading south over the past three months, but one quant analyst that goes by the name of PlanB on Medium predicts that the flagship cryptocurrency could surge in the coming days. Bitcoin halving will send the price soaring PlanB’s price model is based on the scarcity of the cryptocurrency. The analyst predicts that bitcoin will hit a market capitalization of $1 trillion after the next halving event occurs in May 2020, giving each token a valuation of $55,000....

Binance Coin saw a slight increase of around 1.11% over the past 24 hours and it currently trades at $18.21. This small growth follows a much larger 14.55% surge over the past 2 weeks. Despite the recent rebound, BNB still faces a long road to recovery after suffering a 35% plummet over the last 3 months.Binance Coin remains the seventh-largest cryptocurrency with a market cap of $2.85 billion.Since our previous BNB analysis, Binance Coin continued to trade sideways, unable to break above the...

German multinational software corporation, SAP has announced recently that it has entered into an official partnership with Microsoft. A Reuters report states that the partnership, which will last for 3 years, is to facilitate the company’s decision to help customers’ move their core business activity and processes, to the cloud.According to SAP’s Co-Chief Executive Officer, Jennifer Morgan, the partnership is dubbed “Embrace” and will assist the company’s many customers to continue their...

[PRESS RELEASE]The cryptocurrency market is known for the opportunities that it brings. These include the following. Unlike traditional Stock and Financial markets, crypto offers 24-hour and worldwide trading opportunities. It is still in its infancy and it has a long way to progress. Since Bitcoin was created in 2009, the market has definitely made a lot of people wealthy. Bitcoin, being the first cryptocurrency, has already seen a few bull runs. Despite many new riches which derived from...

HuffPost is apparently on its way out of the Verizon media group. Sources indicate that Verizon has already started pitching the idea of a potential sale to buyers who may be interested in acquiring the internet media organization. Although officials from Verizon declined to comment on the issue, this move amidst others indicates a shift of focus for the US-based communications company which comes as Verizon’s media arm seems to be sliding down in value.About a month ago, Verizon wrote down...

Last Friday, October 18, blockchain startup Ripple has released the Q3 performance number for XRP cryptocurrency. Despite being the third-largest cryptocurrency by market cap, XRP’s performance has failed to impress investors. Q3 was no different as the XRP price slipped to its 2019-low below $0.25 by September end.As we know that since the launch of XRP in 2012 Ripple has been given some portion of the 100 billion XRP tokens created. Each year, the company engages for some token sale in the...