Markets

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...

Apple recently announced and later released its new range of products including the iPhone 11 series. These products, especially when they are newly released, are usually priced considerably high, even though said prices may not necessarily quell what is now recognized as a persistent public hunger for the company’s new products. However, one of the industry’s top analysts has said that Apple will launch a much cheaper version, which should be publicly available sometime in the first quarter...

Anheuser-Busch InBev, currently the world’s largest brewing company by revenue, is trying to break big into many parts of Asia, with a considerable focus on China. The company which debuted its listing on the Hong Kong stock exchange about a week ago, is also interested in other markets such as South Korea, Vietnam and India as well. However, many who are familiar with the market in China, for example, are yet to see how the company could possibly break into a market that’s already mostly...

The U.S. and China are all set to engage in discussion this Thursday, October 10, over the year-long trade dispute between the economic giants. The world is observing these events closely as they will set the tone for the future global economic scenario.While the Trump administration has set some demands and policy changes, China has shown a strong reluctance to it. According to the latest Bloomberg report, China has narrowed down the scope for the upcoming discussions. Beijing officials have...

Stellar lumen price is currently consolidating above the $0.0580 support against the US Dollar.XLM price is facing a strong resistance near the $0.0620 and $0.0626 levels.There was a break above a short term bearish trend line at $0.0590 on the 4-hours chart (data feed via Kraken).The pair is currently trading in a range and it could attempt to surpass $0.0620 and $0.0650.Stellar lumen price is consolidating below key resistances against the US Dollar. XLM price must surpass $0.0620 and...

Stablecoin operator Tether Ltd. and its crypto exchange ally Bitfinex are expecting another lawsuit for charges of market manipulation. Citing an “unpublished and non-peer reviewed paper” the two companies unanimously stated that they are expecting a “meritless and mercenary lawsuit” based on the charges of their Tether token issuance for crypto market manipulation.Both the companies are calling these accusations as “baseless” aimed at hindering the “growth and success of the entire digital...

Ripple price is currently recovering and is trading above the $0.2500 resistance against the US dollar.The price is likely to break the $0.2700 and $0.2850 resistance levels in the near term.There is a key bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on dips near the $0.2600 and $0.2550 levels.Ripple price is showing positive signs above $0.2600 against the US Dollar. XRP price is...