Markets

MasterCard announced that it is partnering with food track-and-trace software provider Envisible. Through that partnership, the companies will create a blockchain-based supply chain platform that will enable supermarkets to trace the origin of seafood sold at Topco Associates. Topco is a $14 billion food cooperative that is based in Illinois.Envisible’s new Wholechain traceability infrastructure will be powered by Mastercard’s blockchain-based Provenance Solution service. Announced on October...

Photo: QuoteInspectorPeople who are invested in the stock market are currently counting interesting gains as there has been commendable growth in the major stock market indices. On Monday, the S&P 500 increased by 0.7% and successfully set a new record at 3,039.42, beating out the previous record of 3,027.98 which was set a few months ago on July 26.This increase was also seen elsewhere, as the Nasdaq Composite rose by 1% to hit 8,325.99, about 0.5% less than its own record highs. The...

Ride-sharing giant Uber Technologies Inc. plans to foray into the payments and financial services market. Citing a massive opportunity in this sector, Uber announced a new division called Uber Money catering to the company’s debit and credit card offerings along with digital wallet facilities.Uber Money will first focus on providing services to its fleet of 4 million drivers and couriers across the globe. Peter Hazlehurst, the head of Uber Money said that the drivers will get a mobile bank...

Following its highest daily price increase since 2011 three days ago, Bitcoin made some retracement to the $8,900 price area, before forming another healthy higher low, as of yesterday.Looking on the attached 4-hour chart, Bitcoin is ‘locked’ between three trend lines, in what looks like final preparations for another huge move.Overall, Bitcoin looks bullish, forming higher-lows trajectory, as can be seen on the 4-hour chart. Added to the above, Bitcoin is trading above the significant...

It just over 7 years that social media giant Facebook decided to conduct an IPO. Since then, Facebook (FB) stock has been one of the favorite picks for investors looking for handsome returns.If we look at the Facebook stock price chart since May 2012, we can see a steady rise with minor swings until July 2018. It was in July last year when the Cambridge Analytica scandal broke out showing Facebook’s alleged breach of data and user privacy. The FB stock took a massive hammering losing 33% of...

A recent report by Binance Research shows that $6.4 billion worth of cryptocurrency is being staked. As staking systems have grown, more and more people have been drawn to them because of the potential rewards. However, it’s worth noting that staking has some hidden risks as well.The Proof of Stake SituationSome of the most notable cryptocurrencies are based on a Proof of Stake algorithm, and they have drawn a significant amount of cryptocurrency to be staked on their networks, according to a...

The fact remains that you will still need a well-cushioned portfolio and follow some very basic rules about your earnings and spending to be comfortable. According to Stephen Fry, who is a certified financial planner and founder Safe Landing Financial, using a Monte-Carlo simulation, which is one of the most mathematically accurate ways of determination of financial outputs a tax-deductible account with inflows of a $100,000 a year or $65,000 per year in dividends, would do the trick quite...

Tron price rallied recently and climbed above the key $0.0185 resistance area against the US Dollar.TRX price is currently correcting lower and it remains well bid above the $0.0190 and $0.0185 levels.There is a contracting triangle forming with resistance near $0.0220 on the 4-hours chart (data feed via Bitfinex).The price is likely to climb higher once again above the $0.0220 and $0.0240 resistance levels.TRON price is trading nicely in an uptrend against the US Dollar and bitcoin. TRX...

Ethereum price is showing a lot of positive signs above the $180 support area against the US Dollar.ETH price is likely to climb above the $190 and $196 resistance levels in the near term.There was a break above a crucial bearish trend line with resistance near $174 on the 4-hours chart (data feed from Coinbase).The price is setting up for another upward move and it could even surpass the $200 resistance.Ethereum price is gaining bullish momentum above $180 against the US Dollar. ETH price is...

China Offering Enormous Potentials for Smart Home IndustryChina’s smart home products users have spiraled to 60 million from 2017 to 2018, and by 2020 China’s smart home market will reach RMB 582 billion, as reported by ASKCI Consulting. In the past few years, a lot of China’s renowned high-tech companies have been investing in smart home development. With the appearance of 5G, more path-breaking solutions and products will be rolled out to the marketplace.Preview of SHB 2019 As a high-end...