Markets

Democrat Senator Elizabeth Warren continues to bash the cryptocurrency space by calling the market “highly opaque and volatile.” Nevertheless, she believes the US watchdog – the SEC – needs to step up and implement a proper regulatory framework to enhance investors’ safety amid their growing demand. Surging Demand for the Opaque Crypto Market It’s not uncommon for those in power to lash out against the decentralized and unregulated nature of the cryptocurrency market....

The Wyckoff Accumulation Schematic created by Richard D. Wyckoff has become a widely discussed and controversial topic among crypto traders lately due to Bitcoin’s positioning. With that in mind, it’s worth exploring this key feature, what it means for the asset and how it could impact its future developments. What is the Wyckoff Accumulation? The Wyckoff Accumulation forms when a particular asset, in our case Bitcoin, enters a period of consolidation with multiple drawdowns...

Memes have been around since the 90s, when the first memes were used in forums, and believe it or not, email! The internet was in its infancy, and so were memes. One of the first memes that went viral was that of Baby Cha-Cha. In the 90s, a meme or video went viral in a completely different way than present-day memes. The only way memes could be shared was through chat forums or email. There was no concept of social media or smartphones. The Evolution Of Memes The oldest...

Regardless of what many analysts would like us to believe, 2018 is alive and well all over again given how much bitcoin has tanked in the last two months. Bitcoin Isn’t All That Better Off Recently, billionaire investor and former hedge fund manager Mike Novogratz commented that he did not think 2018 would happen again. He said the number of institutional investors that have gotten involved in the digital asset space and the growing maturity of the market would prevent...

Bunq has successfully raised $228 million worth of external capital which according to CEO Ali Niknam will be utilized to acquire Capitalflow Group of Ireland.The Dutch company was established by Ali Niknam which had invested nearly 100 million euros of his own to provide strength to the company’s capital structure. The startup is raising a funding round led by Pollen Street Capital in which Niknam also participated and invested $29.5 million while the rest of the round will be financed by...

The executive of the PBoC says that digital currencies raised potential threats to financial security and social stability.The central bank of China has said it is “quite worried” about the worldwide financial risks from privately developed digital currencies, particularly, stablecoins.“Some commercial organizations, so-called stablecoins, especially global stablecoins may bring risks and challenges to the international monetary system, and payments and settlement system,” said Fan Yifei,...

EOS failed to surpass a key resistance zone near $4.20 against the US Dollar. The price is now trading below the $4.00 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower if it breaks the $3.60 support zone in the near term. EOS price is showing bearish signs below $3.85 against the US Dollar,...

A group of 37 attorneys filed a case against Google over its play store fees on the Android platform allegedly stating how Google has been abusing its power over app developers.The current case is the fourth antitrust lawsuit to be filed against Google’s power issues and the case also enquires about Google LLC (NASDAQ: GOOG) (NASDAQ: GOOGL) abusing its power to stifle competitors. The case further discusses how the company has been regularly forcing its consumers to pay in-house payments that...

Investors have reverted to tech stocks. Tech giants Apple and Amazon have seen a rise of over 15% in the past month, The S&P 500 reached a new record on Wednesday. The stock market index gained 0.34% to achieve an all-time high of 4,358.13. This has largely been attributed to investors’ returning to their usual tech stocks.Meanwhile, the Dow Jones Industrial Average climbed 104.42 points (0.30%) to 34,681.79 and the Nasdaq Composite relatively nominal (by comparison) 1.42 to reach...

Litecoin price failed to continue above the $150 resistance zone against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $132 and $130 support levels in the near term. Litecoin price is slowly gaining pace below $140 against the US...