Markets

This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new stablecoin, and the chosen platform for its development is the Progmat coin platform, a proprietary asset of...

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.2490 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.250 resistance zone. Cardano price is struggling below $0.250 against the US Dollar, like Bitcoin. ADA...

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,615. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more downsides...

More than $115 million was raised last week alone across a number of crypto startups. The largest raise of the week was blockchain game studio Proof of Play which netted $33 million in a round led by Andreessen Horowitz. The firm will use the funding to fuel the growth of its invite-only, on-chain pirate role-playing game, Pirate Nation. Its ambition is to create a decentralized “Forever Game” that does not rely on creator intervention or external servers to continue to...

The cryptocurrency industry is transforming significantly due to heightened government regulations, particularly in the United States. Many US-based crypto companies, especially exchanges, are considering strategies to shift their operations abroad, which includes exploring new markets and contemplating relocating entirely out of the country. In contrast, Europe has become an attractive destination for crypto firms seeking a more favorable regulatory environment. Several...

Is bitcoin – the world’s number one digital currency by market cap – finally gaining mainstream traction and attention? According to two crypto analysts (Alex Mann of Time Chain and Alyse Killeen at Still Mark), the answer is a resounding “yes.” Mann and Killeen: BTC is Getting More Known In a recent interview, Mann said he thinks bitcoin is no different from any other product or service, and it’s only a matter of time before the world realizes this. He stated:...

Chinese tech giant Huawei refrained from unveiling its new 5G smartphone during its recent autumn season launch event. Instead, the company focused on electric vehicles, revealing its first sedan and luxury SUV. On Monday, September 25, Chinese telecommunications and tech giant Huawei remained tight-lipped about its new 5G phone featuring an advanced breakthrough. Rather than unveiling a smartphone, the company provided a glimpse of its upcoming electric vehicles, introducing its...

Ether has faced a challenging period in terms of price performance since early August, dropping below the $1,800 mark. The trend has consistently exhibited a downward trajectory on longer-term price charts, making it a daunting task for buyers to reverse this course. As a result of this increased bearish market structure, retail traders of Ether appear to be on the run. According to Glassnode’s latest alert, Ether addresses with above 1 ETH have been on a significant...

Evergrande has informed the Hong Kong Stock Exchange that it intends to delay a restructuring meeting because things are not going as planned. Shares of Chinese real estate company Evergrande Group fell up to 22% on Monday after the firm announced it would delay a debt restructuring meeting due today. According to data from MarketWatch, Evergrande shares are trading at HK$0.430, a 21.82% drop from its previous close at HK$0.550. In March, Evergrande announced plans for debt restructuring...

Lumi IPO’s success is seen as a positive indicator for other Saudi companies contemplating going public. In a dazzling debut on the Riyadh stock exchange, Lumi Rental Co., the Saudi Arabian auto rental firm, witnessed its shares surge by an astonishing 30% on its first day of trading. The Initial Public Offering (IPO), valued at 1.09 billion Riyals ($290 million), not only exceeded expectations but also set the stage for a new era in the region’s automotive industry. Today, we listed on...