Markets

The stimulus bill signed by the US government pushed Miami’s pro bitcoin mayor to purchase portions of the two largest cryptocurrencies by market cap. In a recent interview, Francis Suarez also touched upon the role that Elon Musk plays in the market and said that BTC could serve as a valid hedge only after it stops going up and down by double-digits after interactions by Tesla’s CEO. Miami Mayor Owns BTC and ETH Ever since the start of the year, Francis Suarez, the current...

Following the latest news, Tesla (TSLA) stock closed Wednesday with a 3% fall. The dip continued during Thursday’s pre-market.Tesla Inc (NASDAQ: TSLA) has recalled a total of 734 of its Model 3 cars imported to China according to a recall plan cited by the State Administration for Market Regulation (SAMR) on Thursday. A market regulator from the central government said that the cars, produced in 2019, were recalled due to defects in their seat belts and tires.Multiple complaints of brake...

According to the invitation sent to journalists, the event where the Windows update is to be presented would be held virtually at 11 a.m ET, on June 24.A statement emanating from Microsoft Corporation (NASDAQ: MSFT) on Wednesday has revealed the readiness of the company to unveil a new version of its Windows operating system on June 24. This development is coming weeks after Satya Nadella, the firm’s CEO, had hinted to the public about this development.Microsoft (MSFT) stock is currently...

[PRESS RELEASE – Gibraltar, UK, 3rd June 2021] Meme.com, an upcoming platform that tokenizes and gamifies real-world memes, will be the first Initial DEX Offering to be held on Polkastarter and its Polygon deployment, which has been completed recently. The IDO will be held on June 15th on the Polkastarter platform, offering 1,250,000 $MEM (Memecoin) and aiming to collect 500,000 USDC. Afterward, $MEM will be listed on QuickSwap on 15 June. By using Polygon, IDO contributors...

ADA/USD – ADA Breaks Crucial $1.80 Resistance Key Support Levels: $1.80, $1.71, $1.60/Key Resistance Levels: $2.00, $2.15, $2.30. ADA found support at $1.40 (.5 Fib) over the weekend and rebounded higher. On Monday, it broke above a descending trend line and climbed above the 20-day MA. It was trying to break resistance at $1.80 (bearish .618 Fib) over the past three days but failed to close a daily candle above the level until today. The resistance at $1.80 stalled the...

Elon Musk’s debacle with the cryptocurrency community over BTC’s energy consumption levels has turned people against him, revealed a recent report. A company tracking social sentiment has outlined a significant reversal in social media engagements, with the majority taking a negative approach towards Tesla’s CEO. Elon Musk Sentiment Goes Into Negative Territory It’s safe to say that Elon Musk is among the most influential people these days. The billionaire runs some of the...

EOS started a steady recovery wave above the $4.50 and $5.00 resistance levels against the US Dollar. The price is currently trading just above $6.00 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $6.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $7.00 and $7.75 to start a strong increase in the near term. EOS price is showing a few positive signs above $6.00...

Litecoin price is showing a few positive signs above the $150 level against the US Dollar. LTC price is now just above the $180 level and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to start a decent increase if there is a close above $195 and $200. Litecoin price is struggling to gain pace above $190 against the...

Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency exchange by daily trading volume – has called out Elon Musk over his alleged lack of willingness to accept bitcoin payments for Tesla-based goods and services. Elon Musk Has Attracted Some Backlash from Zhao It appears Zhao has issues with Musk’s recent words regarding the mining process behind bitcoin. While Tesla was initially set to accept bitcoin as a method of payment, Musk...

Even though before COVID-19 hit the world, AMC focused heavily on growing its footprint and upgrading its theaters in order to generate revenue, many expected the pandemic to have changed its approach.In what is a very surprising move, Mudrick Capital has sold off all of its stock in AMC Entertainment Holdings Inc (NYSE: AMC), a report by Bloomberg News says.AMC stock has reacted to the news. In the pre-market today, the price is $38.44, which means that it is 19.98% up now. While Mudrick...