Markets

California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will begin on next Tuesday. Among the first cryptocurrencies that will be added for trade on SoFi Invest platform are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).As per the announcement, the idea came as a reaction to demand from its network that has more than 800,000 members. Beginning next week, SoFi Invest will become the first platform that...

Binance, arguably the largest and most popular cryptocurrency exchange in the world, is giving U.S. customers the chance to deposit up to five new cryptocurrencies into their accounts. These assets include Stellar, Cardano, Ethereum Classic and BAT.Binance Expands Its U.S. HorizonsAt press time, the exchange offers primarily mainstream cryptocurrencies with large market caps. These include bitcoin, BNB – the exchange’s own cryptocurrency – Ethereum, Ripple’s XRP, Litecoin, bitcoin cash and...

Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes.Binance putting the pedal to the metal on launch day. | Source: TwitterUnfortunately, the launch did not go without a hitch. Many users experienced some...

The massive triangle that formed in Bitcoin since late June finally resolved itself on Tuesday as the flagship crypto nosedived toward the $8000 handle.Bitcoin typically leads the market and altcoins were in no mood to buck the trend as a massive exodus ensued coinciding with a less than stellar Bakkt launch.So who are the biggest losers from the carnage? We decided to take a look at the top 5 major cap fallers and to separate the riff from the raff, we filtered coins with a market...

The bitcoin price collapsed in the last 24 hours, shedding $1,500 in a dramatic selloff. The plunge hit altcoins even harder, wiping a total $38 billion off the cryptocurrency market capitalization. As panic spreads across the market, a little-known trading indicator called the ‘fear and greed index’ flashed red. At a reading of 15, it indicates ‘extreme fear’ in the cryptocurrency market - the lowest in more than a month. But to some investors, this signal might indicate a buying...

On the evening of Tuesday the 24th of September, Speaker of the United States House of Representatives, Nancy Pelosi, made a formal announcement of an official impeachment enquiry, opened against U.S. President Donald Trump. If the proceedings are successful and Trump gets impeached, he’ll be the third president impeached after Bill Clinton who was impeached in 1998 and Andrew Johnson, impeached in 1868. However, away from the politics and inner workings of the government, what could this...

Its a big win for cryptocurrency exchange Bitfinex on the long going Tether stablecoin case as the Appellate Division of the New York Supreme Court puts a stay on the filing by attorney general Letitia James in April 2019. Bitfinex currently shares leadership with stablecoin coin issuer Tether.James earlier accused Bitfinex of taking undue advantage of the partnership and borrowing $900 million USDT tokens without actually paying for it. In her complain, James wrote:“Our investigation has...

ADA price topped near the $0.0500 level and declined sharply below $0.0450 against the US Dollar.The price is down more than 20% from the last swing high and it is currently near $0.0385.There was a break below a contracting triangle with support near $0.0478 on the 4-hours chart (data feed via Kraken).The price is currently consolidating losses and likely to face resistance near $0.0400 and $0.0425.Cardano price declined heavily in the past few sessions against the US Dollar and bitcoin. ADA...

The price of Bitcoin (BTC) collapsed in extreme fashion late last night. Some individuals were able to capitalize on the move more so than others — with the world's biggest cryptocurrency available at $1,800 per coin with Binance's own stablecoin, Binance USD (BUSD). BUSD currently is ranked 2064 by market capitalization and has a small 24-hour trading volume of $743,509 — or only 74.49 BTC — according to CoinMarketCap. It is this low liquidity that may have been responsible for the extreme...

Just yesterday we had warned from a Bitcoin price dump coming, as the coin was getting very close to the bottom line of the symmetrical triangle. Another warning sign came from the mini Death Cross between the 50 and the 100-days moving average lines, seen on the following daily chart.Those who don’t believe in technical analysis can’t ignore the fact that a triangle pattern was built since June, and for almost five months, we saw the triangle providing support and resistance for Bitcoin....