Markets

BitcoinBitcoin’s price is shuffling around $8,000 which is also the support in this range. The situation hasn’t changed a lot since the previous week. Resistance is built around the 200MA at $8,400. The triangle that we see on the chart becomes bearish. Breaking the trend will change the picture. Taking into account all the increases during this year, when we saw sharp corrections they were usually followed with attempts to surge back up, especially in light of quick declines as it was this...

PopSugar Inc an American media and technology company that is also the parent to the media property PopSugar, the shopping platform ShopStyle, and a monthly subscription business PopSugar Must Have was acquired by Group Nine, on Tuesday.The companies said the latest acquisition happened with a belief that they can spread their network and arrange a bigger scale in order to do better in selling online ads (Facebook and Google are rulers in this field so far).Sources familiar with the whole...

Anybody who knows anything about the U.S. Stock Market is already familiar with FAANG. An acronym for the five biggest, most popular and impressive tech stocks with significant performance, FAANG stocks have been trailblazers for more than a few years now.They’ve been so certain that people have largely formed a habit of buying into any of the five companies – Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google’s (GOOGL) parent company, Alphabet – as a completely sure way of...

Tron price is gaining momentum and it recently climbed above $0.0150 against the US Dollar.TRX price is currently testing the $0.0165 resistance and it could rise further in the near term.There is a crucial bullish trend line forming with support near $0.0150 on the 4-hours chart (data feed via Bitfinex).The price could surge towards $0.0180 or $0.0185 once it surpasses the $0.0165 resistance area.TRON price is showing positive signs against the US Dollar and bitcoin. TRX price is likely to...

Innovative encryption startup NuCypher has raised about $10.7 Million in what is referred to as a Simple-Agreement-for-Token (SAFT) in a financing round led by Polychain Capital and Bitmain and included VC heavyweights Y Combinator, Bitfury, Arrington XRP Capital, Notation Capital, Coinfund and other strategic investors.NuCypher’s token NU was purchased by the investors during the financing process. The $10.7 Million raised in NU tokens represents 8% of the total supply of the tokens...

Ripple‘s XRP token has been one of the poorest performers in the top ten cryptocurrencies in the market. XRP has shed more than 60% of its market cap year-to-date. However, XRP price’s sudden surge over the last few days has drawn investor attention back to the third-largest cryptocurrency.If we look at the weekly chart of CoinMarketCap, we can see that XRP has jumped by over 10% in just the last three days. At press time, XRP is trading at $0.27 with a market cap of just above $12...

Ethereum price rebounded recently and traded above the $175 resistance against the US Dollar.ETH price is still facing a couple of important resistances near $185 and $188.There was a break above a key bearish trend line with resistance near $174 on the 4-hours chart (data feed from Coinbase).The price is likely to accelerate gains once it surpasses the $185 and $188 resistance levels.Ethereum price is rebounding, but facing a crucial resistance near $185-$188 against the US Dollar. ETH price...

Insurance startup Next Insurance recently raised $250 Million in financing in its series C round of funding. The total amount was invested by European Reinsurance giant Munich Re. The Reinsurance group had in this round been the only participant in a move that saw it acquire around 27.5% in the single-niche insurance company. This now puts the Next Insurance’s valuation around the $1 Billion mark.The startup, which is known for offering insurance to small and medium scale digital enterprises...

Ritesh Agarwal, SoftBank Group Corp. founder, Oyo Hotels and Homes said his company is raising $1.5 billion from investors because the India accommodating company startup wants to evolve to foreign markets as are the U.S. and Europe.Agarwal said he will be spending more than $700 million to buy new shares in the company as part of a said before $2 billion plan in order to make his ownership stake worth more than three times. Also, other investors are SoftBank’s Vision Fund, Lightspeed Venture...

Ripple has been deteriorating in bear territory for most of 2019 against bitcoin. The third-largest cryptocurrency is down by over 63% year-to-date. The deep dive has driven many traders to take a bearish stance on the XRP/BTC pair. A trader seeing a massive XRP dump. | Source: TwitterNevertheless, the widely-followed accounts on Crypto Twitter (CT) think otherwise. They are seeing encouraging developments in the coin that they are sharing bullish charts. XRP/BTC Looks Hungry, Says Analyst...