Markets

The price of bitcoin has been heading south over the past three months, but one quant analyst that goes by the name of PlanB on Medium predicts that the flagship cryptocurrency could surge in the coming days. Bitcoin halving will send the price soaring PlanB’s price model is based on the scarcity of the cryptocurrency. The analyst predicts that bitcoin will hit a market capitalization of $1 trillion after the next halving event occurs in May 2020, giving each token a valuation of $55,000....

Binance Coin saw a slight increase of around 1.11% over the past 24 hours and it currently trades at $18.21. This small growth follows a much larger 14.55% surge over the past 2 weeks. Despite the recent rebound, BNB still faces a long road to recovery after suffering a 35% plummet over the last 3 months.Binance Coin remains the seventh-largest cryptocurrency with a market cap of $2.85 billion.Since our previous BNB analysis, Binance Coin continued to trade sideways, unable to break above the...

German multinational software corporation, SAP has announced recently that it has entered into an official partnership with Microsoft. A Reuters report states that the partnership, which will last for 3 years, is to facilitate the company’s decision to help customers’ move their core business activity and processes, to the cloud.According to SAP’s Co-Chief Executive Officer, Jennifer Morgan, the partnership is dubbed “Embrace” and will assist the company’s many customers to continue their...

[PRESS RELEASE]The cryptocurrency market is known for the opportunities that it brings. These include the following. Unlike traditional Stock and Financial markets, crypto offers 24-hour and worldwide trading opportunities. It is still in its infancy and it has a long way to progress. Since Bitcoin was created in 2009, the market has definitely made a lot of people wealthy. Bitcoin, being the first cryptocurrency, has already seen a few bull runs. Despite many new riches which derived from...

HuffPost is apparently on its way out of the Verizon media group. Sources indicate that Verizon has already started pitching the idea of a potential sale to buyers who may be interested in acquiring the internet media organization. Although officials from Verizon declined to comment on the issue, this move amidst others indicates a shift of focus for the US-based communications company which comes as Verizon’s media arm seems to be sliding down in value.About a month ago, Verizon wrote down...

Last Friday, October 18, blockchain startup Ripple has released the Q3 performance number for XRP cryptocurrency. Despite being the third-largest cryptocurrency by market cap, XRP’s performance has failed to impress investors. Q3 was no different as the XRP price slipped to its 2019-low below $0.25 by September end.As we know that since the launch of XRP in 2012 Ripple has been given some portion of the 100 billion XRP tokens created. Each year, the company engages for some token sale in the...

Justin Sun who is the founder and CEO of Tron (TRX) has dismissed rumors and allegations that he is behind the investment group that acquired the premier cryptocurrency exchange group Poloniex. He indicated this in a tweet on October 19th and categorically stated that he is “not buying anything”.I'm not buying anything. Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT. ?— Justin Sun...

Xiaomi, one of the world’s biggest smartphone producers, has just revealed through its CEO that it plans to take full advantage of 5G technology, and release more than 10 supported phones before the end of 2020. The Chinese phone giant has already released a few 5G phones this year and plans to do more.Per a Reuters report, the CEO Lei Jun, has also noted that 5G technology for the phone giant will not be restricted to its high end phones. The new group of products that will be launched with...

Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer startups.According to Alexander Liegl, CEO of...

Stellar lumen price is struggling to gain momentum above the $0.0650 resistance against the US Dollar.XLM price is currently consolidating below the $0.0640 and $0.0650 resistance levels.There is a significant breakout pattern forming with support near $0.0622 on the 4-hours chart (data feed via Kraken).The pair could either rally above $0.0650 or it might start a downside correction to $0.0600.Stellar lumen price is facing an uphill task against the US Dollar and bitcoin. XLM price might dip...