Markets

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is correcting losses from the $26,000 zone against the US Dollar. The price is now trading near $27,000 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $27,250 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair...

Late last month, Coinbase – who had previously been hit with a Wells notice, an informal warning from the SEC usually followed by a lawsuit – asked the courts to force the agency to clearly explain what actions they should take in order to remain compliant. The SEC, on the other hand, remains tight-lipped. Amicable Discussion Preferred According to Brian Armstrong – the CEO of Coinbase – his firm intends to fight the current trend of regulation by enforcement and seeks to...

As speculators flocked to mint BRC-20 tokens via text inscriptions, Bitcoin blockspace saw an explosion in demand in recent weeks. This dramatic shift in network activity triggered a surge in transaction fees to levels not seen in the last two years. Signs of Strain A new report published by Bitfinex observed that the inception of BRC-20 and Bitcoin-based smart contracts is transforming the blockchain into a more “dynamic, smart-contract-enabled chain” from its traditional...

Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan...

Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources. Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a statement, chief executive officer Margherita Della Valle said the company’s plan to ax a record 11,000 jobs is necessary to remain profitable. Vodafone forecasted flat profit growth and explained that the massive downsizing would take...

The regulator argues that it is under no obligation to meet the requirements outlined in Coinbase’s recent petition. The United States Securities Exchange Commission (SEC) has finally replied to Coinbase’s demand for regulatory clarity. Recall that the American exchange recently filed a petition asking the regulator to make clear crypto regulations. In a formal response issued to the court, the SEC insists that it will take its time to come up with regulations. But while the rules may take...

The dramatically popular debut of Pepe coin this year has put frog meme cryptos in the spotlight. While the new Ethereum ERC-20 token launched on April 15th, Pepe coin went parabolic starting May 1st, and that would soon blow out sales of Pepe (SOL) as well. The price madness was a bullish portent for Ethereum and DeFi crypto blockchains. Moreover, it was so popular on crypto exchanges that supporters compared it to DOGE and SHIB. That was during the beginning of May amidst...

If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is a major development as it provides a regulated market for big investors to trade crypto securities. In its quarterly report, OTC Markets mentioned that the update to its...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price is gaining bearish momentum below the $0.388 support zone against the US Dollar. The price is now trading below $0.380 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with resistance near $0.376 on the 4-hour chart (data feed via Coinbase). The price could...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is gaining bearish momentum below the $1,880 resistance against the US Dollar. ETH price is now trading below $1,850 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $1,820 on the 4-hour chart (data feed from Coinbase). The pair...