Markets

Back in 2016, e-commerce giant Amazon announced its plans to establish a large chain of convenience stores in the United States. Called Amazon Go, the stores are mostly automated and run on computer vision, deep learning algorithms and sensor fusion without cashiers, allowing customers to grab items they need to from the store, and simply walk out.Since inception, Amazon has opened 16 Amazon Go stores with several of them in Washington, Illinois, California and New York and the company still...

Tron price started an upside correction from the $0.0117 low against the US Dollar.TRX price is currently trading near the key $0.0150 and $0.0152 resistance levels.There was a break above an ascending channel with resistance near $0.0144 on the 4-hours chart (data feed via Bitfinex).The price could climb sharply if there is a proper close above $0.0150 and $0.0152.TRON price is currently correcting higher against the US Dollar and bitcoin. TRX price needs to surpass the $0.0152 resistance...

After the bulls had been lately suffering, seeing Bitcoin plunging to $7,700, we started to see an opportunity for a price pull-back on our recent price analysis, three days ago.Following a decent daily move of $700 since reaching yesterday’s low, the question is, if that indeed was the real bottom. In short, we could identify a double-bottom formation which is bullish and can support the idea of bottoming.However, to confirm that, Bitcoin will have to show some more bullish evidence. As of...

Ethereum price started an upside correction after trading as low as $152 against the US Dollar.ETH price is currently trading above $175, but it is facing a strong resistance near $185 and $188.There is a crucial bearish trend line forming with resistance near $188 on the 4-hours chart (data feed from Coinbase).The price is likely to struggle to surpass the key $185 and $188 resistance levels in the near term.Ethereum price is climbing towards a major resistance near $185-$188 against the US...

Cryptocurrency investors were left holding the wrong coin after a mix-up over ticker symbols on the Binance DEX. But this simple ticker debacle inadvertently revealed some highly suspicious details about the listing process on the Binance DEX. UPX Ticker Mix-Up on Binance DEX The founders of uPlexa say the UPX ticker symbol is, and always has been, unique to their project. However, Binance DEX recently listed a token by the name of UDAP, which also uses the UPX ticker symbol. At least two...

The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and unless your Nouriel Roubini it’s hard not to appreciate this push toward democracy and decentralization. When the industry begins to compromise, that’s when the crypto...

Recently Overstock and its former CEO Patrick Byrne have recently made a lot of headlines. The main reason for that is that Patrick Byrne left the company with a big bang, sold all his equities and didn’t keep it a secret that he had invested in Bitcoin and gold.Now, an investor from Canada – Benjamin Ha, has filed a complaint with the United States Securities and Exchange Commission (SEC) alleging that between May 9 and September 23, 2019, Overstock published “materially false and misleading...

Regulation has been a hard topic in the crypto space as of late. Despite the push for it, however, it has arrived at a rather slow pace, and many major companies and exchanges within the crypto arena are looking to themselves to potentially enhance the safety of their operations. Some of these companies include Coinbase in the U.S., along with DRW Cumberland, Kraken and Grayscale.Coinbase and Others Take Security Into Their Own HandsOne of the primary things these ventures are looking at is...

Chinese social media and gaming company Tencent Holding Ltd. took a 29% stake in computer games maker Funcom.With this step, Tencent became Funcom’s largest shareholder and the shares it bought were from KGJ Capital AS.Funcom went through its most profitable year in history and had signed an exclusive partnership with Legendary Entertainment to create a minimum of three Dune games for PC and consoles.Funcom CEO, Rui Casais said:“We are very pleased to see Tencent come in as the largest...

While today the crypto markets are starting to look a little alive and is seeing a somewhat green pattern, Tom Lee from Fundstrat tweeted a sort of reminder about the rule of 10 best days. He says that the majority of Bitcoin gains come in the ten best trading days. According to Lee, this only happens once a year. Moreover, he claims that when these ten best trading days are excluded, Bitcoin sees a -25% per year. More specifically, in the last bull run of 2017 Bitcoin saw an unbelievable...