Markets

Bumper Finance’s liquidity program is now live. Investors keen to power up the “God-mode for crypto” now have the opportunity to join others in providing liquidity to this innovative DeFi protection protocol. Participants depositing their USDC reserves into the program early can expect to yield up to 300% APR by locking their funds away for three months. The community is ablaze with fearful whispers of the looming bear that Bumper Finance aims to cancel. The Limits of...

ADA price started a fresh decline after it failed to surpass $1.30 against the US Dollar. The price is now trading well below $1.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.15 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.10 support level in the near term. Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to...

Die Bitcoin-Börse Binance weitet ihr Angebot auf Aktienhandel aus Mastercard und Visa bestätigen die Zusammenarbeit mit Binance. Das Kryptounternehmen stand zuletzt wegen Nichteinhaltung regulatorischer Vorgaben in der Kritik, gelobt nun jedoch Besserung. Visa und Mastercard bestätigen Binance-Kooperation Die Handelsplattform Binance stand jüngst stark in der Kritik und musste...

Ethereum price started a fresh decline and it broke the $2,000 support zone against the US Dollar. ETH price is now trading well below $2,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hours chart (data feed from Coinbase). The pair is likely to accelerate lower if there is a close below the $1,750 support zone. Ethereum price is showing bearish signs below $2,000 against the US Dollar....

Bitcoin’s fall to the perilous support of $30K has made investors increasingly cautious, and warnings of a bearish force are already beginning to emerge even if the markets have already lost almost 50% of their total capitalization since the ATH just 3 months ago. Among the bearish voices is David Tice, a seasoned investor known for managing the Prudent Bear fund until he sold it in the midst of the 2008 crisis – coincidentally, the crisis that gave rise to Bitcoin. Hodling...

In its amended initial public filing (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC), Popular stock trading platform Robinhood revealed that it is expecting its revenue to drop in Q3 2021 as a result of the cool-off in the trading activity of the cryptocurrency market.  Robinhood Expecting Drop in Revenue With Robinhood planning to go public this July, the trading app revealed in a revised SEC filing that a decrease in retail trading activity could...

Robinhood is planning to release 55 million shares in the open market as it plans to reserve 20% to 35% of Class A shares for its customers.Zero-commission investment app Robinhood Market has put forwards the terms for its Initial Public Offering (IPO). The popular trading app is willing to raise more than $2 billion USD through the IPO expected later this summer.On Monday, July 19, Robinhood submitted its filing to the US Securities and Exchange Commission (SEC) stating that it will market...

The co-founder of Magellan Financial Group – Hamish Douglass – opined that the crypto market is one of the “greatest mass delusions in modern history.” To him, the whole idea behind the virtual assets looks like a religion that millions of people strongly believe in. The Crypto Crash Is Inevitable Hamish Douglass – co-founder and CEO of the Australian investment company Magellan Financial Group (MFG) – warned investors to beware of the cryptocurrency market. In a recent...

Drivewealth is a successful fintech startup that has recently gained momentum in terms of accelerated revenue.Drivewealth, which is a fintech start-up that deals with providing retail investor access to the American stock market, is all set to raise approximately $400 million in a Series D round led by Softbank and Insight Partners. The references accumulated from four persons who have been closely associated with the situation have claimed that the exact size of the deal is yet to be...

Ark Invest has continued to double down its bet on Coinbase with several increased ETF positions in the last few weeks.Coinbase Global Inc (NASDAQ: COIN) stock was trading at around $219 (-2.67%) during Monday’s pre-market, a similar case has been observed in the crypto market, as Bitcoin continued to trade around $31k, down 1.13% according to Binance-backed Coinmarketcap.However, for some serial hedge fund managers, the dip continued to offer them an opportunity to stake more. Notably, Ark...