Markets

The launch of Richard Branson into space has made the financial market buzzing with excitement around Virgin Galactic shares. The investors seem to have expressed their excitement following the news of CEO Richard Branson‘s journeying into space which had made Virgin Galactic Holdings Inc (NYSE: SPCE) shares skyrocket by 17.30% to $52.69. Now in the pre-market, the stock is 0.89% down, trading at $52.22.The launch would be beneficial for space tourism and requires much more effort before...

The American electronics engineer and philanthropist – Steve Wozniak – highlighted Bitcoin as a mathematical phenomenon. He went even further, saying the primary cryptocurrency is better than gold. Steve Wozniak Amazed by Bitcoin The co-founder of the multinational tech giant Apple – Stephen Wozniak – showed his sympathy towards digital assets and particularly bitcoin in a recent presentation at the Talent Land Jalisco, Mexico. The engineer, also known by his nickname “Woz,”...

[PRESS RELEASE – Berlin, Germany, 9th July 2021] ⦁ SMT will power liquidity on Swarm Markets⦁ Community to set SMT price Berlin-based Swarm Markets today announces it will launch its first token, SMT, to power liquidity on the world’s first BaFin-regulated DeFi exchange. The SMT payment token offers rewards to people staking liquidity and 50% discounts on protocol swap fees for those trading on the platform. The more SMT held, the greater the discounts and rewards available....

Bitcoin cash price started a fresh decline after it failed to surpass the $550 resistance against the US Dollar. The price is now trading below the $500 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $465 support zone. Bitcoin cash price is slowly moving lower...

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,...