Markets

Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...

Apple Inc. (AAPL) has had a great year in the stock market and all sentiments point to the possibility of even further improvement in the coming weeks. Already, AAPL has been crowned the best performing stock on the Dow Jones Industrial Average (DIJA) so far, as it has recorded YTD growth of over 43%. On Oct. 10, prices slightly crossed $230, setting a new dividend-adjusted all-time high and cemented a new market cap of $1.04 trillion.One of the biggest drivers for AAPL’s impressive drive is...

Bitcoin cash price is facing a strong resistance near the $240 level against the US Dollar.The price is currently declining, but it might find support near the $220 level.There is a major ascending channel forming with support near $220 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break the key $240 resistance area to continue higher in the near term.Bitcoin cash price is struggling to gain bullish momentum above $240 against the US Dollar. If BCH/USD breaks...

Juno is a new banking solution organization that focuses on redistributed assets decentralized in nature and based on distributed ledger systems and blockchain technology. Recently, it has managed to raise $3 million in seed funding from investors. The firm is said to attract the attention of high profile firms including Polychain Capital and Sequoia Capitals’ Surge. Juno is expected to become available to a few markets this year but it will further expand next year with a fresh new approach...

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased a tepid day-one volume of just 72 BTC. Given the hype and anticipation around the launch, this left a lot to be desired. Since then, the daily volume has fluctuated...

Ripple CEO, Garlinghouse, has sounded an alarm geared at calling the United States government to action, reiterating that China’s goal with the CBDC is to destabilize the US dollar. The CEO urged the government of the United States during an interview with Fox Business to be at the forefront of the crypto revolution, instead of China.Garlinghouse talked about the tech boom back in the early 2000s and how the US took control of the industry and benefited immensely from that...

As far as the stock market is concerned, Apple (AAPL) has had a pretty great 2019 so far. Already Apple’s stock has surged more than 43% this year alone, easily crowning it as the best performing stock in the Dow Jones Industrial average. Consequently, even though the Microsoft Corporation (MSFT) has a larger market cap, Apple has so far performed better and also beat out other FAANG stocks including Amazon, Netflix, Facebook, and Google’s parent Alphabet.One of the major reasons ascribed to...

Last month on September 23, crypto exchange Binance launched its U.S.-based subsidiary Binance US with the top seven cryptocurrencies available for trading upon launch. The Binance US platform is specifically tailor-made for Americans that functions under regulatory norms and rules.The Binance US platform adopts cutting-edge trading and wallet technology from its parent platform. Recently, to include more trading options, the Binance US has announced the listing of two new altcoins –...

Even though there might be more than a few worthy contenders, Google (GOOGL) is one of the world’s most popular companies and has been that way for many years. However, If we decide to narrow down the “qualifiers” to just tech or internet companies, then the number of contenders drastically drops, leaving Google somewhere in the first few. The tech giant with its hands in several cookie jars is also one of the world’s most successful companies.Google is currently into software and hardware...

Photo: Vanguard / TwitterMutual funds giant Vanguard Group is working with blockchain startup Symbiont, backed by Nasdaq Ventures, to create a blockchain-based trading platform for asset managers to trade currencies in the $6 trillion currency market.This step by Vanguard would be a major disruption in the currency market which is currently dominated by banking giants JPMorgan and Citi Group. By leveraging the blockchain-powered peer-to-peer trading for investors, Vanguard plans to allow...