Markets

Following the US Didi stock listing, the Cyberspace Administration of China (CAC) removed the Didi application from China’s mobile App Store.Didi Global Inc (NYSE: DIDI) stock had dropped over 7% in pre-market to trade around $11.48 as of Jul 16, 2021, at 4:58 a.m. EDT. DIDI shares closed Thursday trading at $12.36, -2.06% according to market analytics provided by MarketWatch. The drop was attributed to news that officials from seven Chinese government departments visited the ride-hailing...

Binance announced earlier on July 16th that it has “effective immediately” halted one of the most recently-released services – trading digital tokens representing equity stocks. This comes amid the exchange’s regulatory issues in numerous countries. CryptoPotato reported in April 2021 when the leading cryptocurrency exchange added support for a new product enabling its users to interact with fully-backed digital tokens representing equity stocks. After initially adding...

Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Scott Conger, the mayor of Jackson, Tennessee, since 2019, took it to Twitter to indicate that the local blockchain task force is looking into how the city “can start property tax payments in bitcoin.” Furthermore, he indicated...

Bitcoin cash price remained in a bearish zone below the $500 resistance against the US Dollar. The price is now trading below the $475 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $472 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $472 and $475 resistance levels. Bitcoin cash price is struggling to move higher above $475...

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...

Going through the most significant price pullback in this cycle, approximately 55% from the all-time high set in April, there is considerable uncertainty in the Bitcoin market from technical and on-chain analysts’ perspectives. Figure 1– Bitcoin daily price history since December 2020. Chart by Glassnode The following analysis is compiled by on-chain analyst CryptoVizArt for CryptoPotato, and looks into the on-chain side of the story to evaluate the bullish/bearish signs....

By moving into game developments, Netflix believes that this would be another way of luring new subscribers and also keeping the old ones. To expand its business scope, Netflix Inc (NASDAQ: NFLX) the video streaming TV company, is planning to introduce video games, and it is hiring an ex-Electronic Arts Inc and Facebook Inc (NASDAQ: FB) executive to lead the team.NFLX stock has positively reacted to the news. Yesterday it closed with a 1.34% rise, at $547.95, today in the pre-market it is...

Although numerous banking organizations have restricted their users from interacting with Binance, Visa and Mastercard have reaffirmed their belief in the world’s largest crypto exchange. With the growth of its services and popularity, Binance attracted regulatory scrutiny from various global watchdogs, as CryptoPotato explained recently. While the exchange’s attempts to enhance its compliance requirements continue with the employment of new personnel, some financial...

[Featured Content] It goes without a shred of doubt that the past year and a half have been outstanding for the field of decentralized finance (DeFi). One of the best metrics to gauge its advance is the total value locked (TVL) in various protocols. Data from DeFi Pulse shows that back in January 2020, the number was somewhere around $600 million, whereas today it sits at almost $58 billion, having peaked at well over $88 billion earlier in May. This is the direct result of...

[Featured Content] 2021 brought cryptocurrencies to the mainstream a lot more compared to 2017. The main reason, of course, was the parabolic advance in Bitcoin’s price. The primary cryptocurrency charted an all-time high around $65K in April in a bull run that was (or still is – according to some) nothing short of impressive. Naturally, this brought a lot of newcomers to the market. Interest in cryptocurrency trading skyrocketed as the daily trading volume across all of the...