Markets

Huobi Global – one of the world’s biggest digital currency exchanges – has announced that it’s going to release approximately 20 percent of its staff due to the ongoing volatility and speculation of the digital currency industry. Huobi Global Is Parting with Several Staff Members A Huobi spokesperson said: With the current state of the bear market, a very lean team will be maintained going forward. Huobi employed about 1,600 people in October of last year. With the 20...

Boston-based communications firm Media Shower has unveiled its new BMJ Reward Token, a blockchain-focused reward system that provides digital rewards to the paid, premium subscribers of its Bitcoin Market Journal (BMJ) newsletter. Media Shower Is Delivering a New Kind of Digital Rewards Token Media Shower has spent the last several months developing real-time rewards for its users. Many of these rewards include uniquely branded clothing items like hoodies, shirts, socks,...

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ADA price seems to be in a bullish zone above the $0.35 level against the US Dollar. The price is now trading above $0.36 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $0.368 on the 4-hours chart (data feed via Bitfinex). The price could gain resume its increase if it clears the $0.380 and $0.392 levels. Cardano price is showing positive signs above $0.355 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is consolidating gains above the $1,500 level against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a major contacting triangle forming with support near $1,540 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,440 support zone. Ethereum price is consolidating above the $1,500 level against the US Dollar. ETH/USD could rise further if it clears...

The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil.  The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks.  It comes as a result of the exchange’s goal to “broaden the connection between traditional finance and...

Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction.  The company plans to sell its equipment as fast as possible, to take advantage of currently favorable market conditions. Selling While They Can BlockFi lawyer Francis Petrie told US Bankruptcy Judge Michael Kaplan on Monday that the company has already received bids for many of its assets, and expects more to come, according to BNN Bloomberg. This comes a week...