Markets

Premier money transfer startup TransferWise is set to begin operations in 2020 after obtaining a an operating license in the United Arab Emirates. Local sources in the Emirates report that the fintech startup announced this a few hours ago and that the company intends to start business in the middle east starting from the UAE in 2020.In what comes as a series of successes for the company, TransferWise has been competing in the marketplaces that belong to global money transfer giants such as...

Heath Tarbert, the chairman of the United States Commodities and Futures Trading Commission (CFTC) says that the first Ethereum futures will arrive by 2020. Just ten days back, the CFTC chairman confirmed that Ethereum is a ‘commodity’ just like Bitcoin.Speaking at the DC Fintech Week at Georgetown University, Tarbert told Chris Brummer that ETH futures could “absolutely” arrive within the next six to twelve months. He cautioned that launching new futures contracts doesn’t mean there’s...

Tron price is holding an important support near $0.0145 and correcting higher against the US Dollar.TRX price is facing a strong resistance near the $0.0162 and $0.0165 levels.There is a major bearish trend line forming with resistance near $0.0162 on the 4-hours chart (data feed via Bitfinex).The price is likely to rise steadily above the $0.0162 and $0.0165 levels in the near term.TRON price is showing positive signs against the US Dollar and bitcoin. TRX price remains well supported and it...

It’s already widely known that the multinational tech company Apple Inc. (AAPL) has again joined the trillion-dollar society hitting the trillion-dollar market cap mark for the fourth time.At the time of writing, Apple stock was trading premarket 1.73% higher to $240.51, the highest in history. Apple’s market cap started the week at $1.09 trillion.There are some analysts who think shares might jump even more – to be precise 20 percent more during this year because of the strong iPhone 11...

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...