Markets

In its IPO prospectus, Didi revealed that it had met with regulators and could be subject to penalties should regulators not be impressed by the inspection.The stock of the Chinese ride-hailing app Didi Global Inc (NYSE: DIDI) fell 9% in pre-market trading Friday after it was announced that the company was up for cybersecurity review. The announcement came from the Office of the Central Cyberspace Affairs Commission. According to the July 2 announcement, new users will not be able to register...

In recent measures to comply with the regulatory oversight, Bithumb has banned its employees from engaging with any crypto trading activity on the platform. The policy which aims to curb unfair trade practices and market manipulation is already under implementation. In wake of the regulatory crackdown, South Korean crypto exchange Bithumb has banned all its employees from trading cryptocurrencies on its platform. Besides, the exchange noted that it seeks to “strengthen internal regulations”...

Bitcoin’s bull run hasn’t ended, and its price could increase by more than 40% by the end of August, asserted the creator of the popular stock-to-flow model. He also predicted that the next few months will be make it or break it for the S2F. Over the course of the past few months, bitcoin’s price slumped by roughly 50% from the mid-April peak, which questioned the state of the bull market. While most of the community debates whether the 2018 scenario will repeat once again,...

Shares of Virgin Galactic (SPCE) climbed about 28.50% during pre-market trading after the announcement and reached the level of $55.50.Jeff Bezos has some serious competition in the space race. Spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) on Thursday announced that its next test space flight will be on July 11. The flight will carry the company’s founder Sir Richard Branson and crew. This puts Branson ahead of outgoing Amazon CEO Jeff Bezos who plans to launch on July 20 with...

[Featured Content] It has been over 10 years since Bitcoin reached the open world and advanced blockchain further. So far, the technology has reached mainstream users and many businesses and government officials have already considered the benefits of using it in a long list of industries ranging from agriculture and real estate to healthcare and voting. Consequently, dozens of new projects are popping up each year, competing against each other in the somewhat futile task of...

Bitcoin cash price is facing resistance near the $550 and $560 levels against the US Dollar. The price is now close to the $485 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $488 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could either start a fresh increase above $500 or it might dive towards the $425 level. Bitcoin cash price is slowly moving lower below $500 against the US...

Mercado Bitcoin, the largest crypto exchange in Brazil, has received a $200 million investment from the Japanese multinational conglomerate holding company, Softbank Group Corp, in a recently-concluded Series B funding. The Largest Series B Funding in LatAm According to a Thursday report, SoftBank made this investment through its Latin America Fund. Robert Dagnoni, the executive chairman and CEO of 2TM, the parent company of Mercado Bitcoin, noted that the giant bank’s move...

While outlining the differences between Bitcoin and Ethereum, Mike Novogratz suggested that the latter might actually surpass BTC in terms of becoming the largest digital asset. During a recent interview, the CEO of Galaxy Digital also urged the cryptocurrency community to enhance its efforts to educate lawmakers about Bitcoin and the entire industry. Can ETH Surpass BTC? The topic of the eventual “flippening” – an event that will see ether surpassing bitcoin as the world’s...

Latam Tech Exchange being the largest cryptocurrency exchange in Latin America has successfully attained an active investment of $200 million from Japan’s SoftBank Group Corp. The investment received by Latam Technology Exchange was put forward in the Series B funding round initiated by SoftBank Latin American Fund and is a primary representative of Japanese multinational company’s association with Latin American crypto proceedings. With this investment, the 2TM’s Roberto Dagnoni, chairman...

After a short break from his usual comments on Twitter about the cryptocurrency space, Elon Musk reminded of his humoristic side with a new set of intriguing posts. Although his tweets contained the word “Doge,” the meme coin failed to increase. However, it turns out that the billionaire had Dogecoin’s baby in mind. Aside from his views on bitcoin, Tesla’s CEO has outlined his support for Dogecoin for months. This propelled the Shiba Inu-inspired meme coin into the...