Markets

It appears that China is waking up to blockchain, and this did to the market what Bakkt’s futures failed to. President Xi Jinping urged further adoption of blockchain-based technology, and his statement might have been one of the reasons for Bitcoin’s 40% surge over the past few days.Indeed, Bitcoin had its best week since May. It’s not the first time that statements from China have rocked the markets, although this move left most technical analysts surprised. It also saw a lot of short...

Bitcoin’s dramatic 40% move puts it closer to knocking out new yearly highs. The leading digital currency faces a critical inflection point, based on the technical indicators. A look at the daily charts reveals BTC could be primed to breach $16,000 or fall all the way back to $8,500. Bitcoin is on a roll since Friday after Chinese President Xi Jinping announced that his country would “take the leading position in the emerging field of blockchain.” The pioneer cryptocurrency surged...

[PRESS RELEASE Chiasso, October 29th, 2019]The ICO (Initial Coin Offering) of the K-Tune project, a blockchain platform for musicians, is about to begin on October 30th.The K-Tune project is a solution that allows musicians from all corners of the world to form communities and actively collaborate to create new songs. It also provides a platform for aspiring artists to become music producers. K-Tune offers a variety of useful tools that can simplify the process of music-making, including an...

In what has been seen by many as a move into the fitness sector, Alphabet Inc. parent company of Google has been in talks with fitness device manufacturer Fitbit for the prospects of acquisition. Alphabet Inc. has been eyeing the wearable fitness device for some time and this could be a culmination of the innovative company’s intentions to get a slice of the fitness pie.Sources familiar with the matter indicate that while Alphabet is already at par with other device makers in terms of devices...

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...