Markets

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

VeChain (VET) approaches $0.005 on Tuesday for the first time since Aug. 12. VeChain co-founder and CEO Sunny Lu will deliver a keynote address at The Capital, an upcoming industry conference hosted by CoinMarketCap. The broader cryptocurrency market consolidates slightly higher as the majors reported modest gains. VeChain’s token value surged on Tuesday, reaching its highest level in almost three months after CoinMarketCap confirmed that the supply-chain management company will...

Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...

Binance’s CEO, Changpeng Zhao (CZ) believes bitcoin will hit $16,000 very “soon-ish.” A 4chan anonymous user who accurately predicted bitcoin’s trajectory earlier this year turned out to be wrong in October. CZ claims 1.4 billion people are behind bitcoin. Changpeng Zhao (CZ), the CEO of Binance, recently stated that 1.4 billion people are working on getting bitcoin to $16,000. And, this upswing is currently in the works. Putting a Price on Bitcoin The CEO of the largest...

The surge of interest in China woke up the entire cryptocurrency market and boosted Bitcoin’s trading volume. Yet, Bitcoin maintains relative stability, and the market is waiting to see the direction in which it will take off towards the end of the year.The altcoin market also felt the surge, and it seems that a lot of them are strengthening their communities and surviving the harsh crypto winter. Moreover, we continue to see a lot of additional fundraising and, perhaps, the relatively small...

BitcoinOn the daily chart, Bitcoin’s price was maintained by the support in the range of the 200MA which is forming around $9100. It’s fragile and it could lose altitude down to the $8600 area. Resistance in this range is at around $9600 and it seems stable. However, it should be accounted for the fact that the market is in a volatile period and it’s not advisable to hold Stop-Loss orders these days.EthereumAgainst the USD, ETH failed to break the resistance at $190 and the price was...

Stellar saw a sharp increase of around 18% over the past 24 hours and it currently trades at $0.0811. This price increase comes after Stellar announced that they will be burning over half of their tokens. The Stellar foundation now controls around 30 billion XLM which is divided into a few buckets. 12 billion of it is in their direct development fund which is intended to support the organization.  Stellar is up by a total of 22.53% over the past 7 days and 28% over the past 30 days. Stellar...

Apart from the popularity of its ride-hailing services, Uber is also very well-known as a market player all over the world and especially in the finance sphere for its continuous and rising loss over the years. Recently the company announced a report for its just-ended 3rd quarter which surpassed estimates predicted by financial analysts. However, Uber’s stock (now it’s trading at approximately $31) still lost up to 5% as the company still announced that it had lost well more than $1...

Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative of offering straight forward legislation outlining how to conduct any business in the crypto space. But, the U.S. has dropped far much behind in that arena.Currently, there is no definite framework outlining running businesses and tax payments. Interestingly, there is not even any assurance by the government to...

Binance has now officially begun a survival of the fittest battle between two strongly emerging protocols in what is now the second round of the Community Coin Vote’s (CCV) new format. The Binance community is expected to vote between the ARPA protocol and the Carry protocol, two networks that have more than a few things in common.Voting DetailsThe process kicked off at 4:00 AM (UTC) today Nov. 5, and will run continuously for 24 hours, before closing on November 6, at 4:00 AM (UTC) as well....