Markets

Silvergate reported strong growth in terms of digital currency customers’ increase last year along with the surge in deposits. The bank is planning to explore other facets and opportunities in the market this year in 2021.On Wednesday, January 20, crypto bank Silvergate Capital Corporation announced stellar Q4 2020 earnings beating street estimates. The crypto bank reported a net income of $9.1 million (or $0.47 per diluted share) against the net income of $7.1 million in Q4 2019.Compared to...

Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.The stock of American giant chipmaker Qualcomm Inc (NASDAQ: QCOM) was trading around $166.84, up 1.36% during Thursday’s pre-market. QCOM stocks had closed yesterday trading at $164.60, after adding approximately 0.51% during the day.The upward volatility is primarily attributed to the huge demand for electronics amid the coronavirus crisis. As more people shift to remote learning and working, there has been a notable...

The last 24 hours have been undoubtedly going in favor of the bears. That’s according to data concerning the total liquidated positions in the past day as Bitcoin’s price is seemingly headed towards $30,000.In less than a day, the cryptocurrency derivatives market saw a total of $900 million worth of both long and short positions liquidated.Given the nature of the market, it’s no surprise that most of the volume comes from liquidated long positions, which account for 80.77% of all or roughly...

EOS remained in a range below the $2.950 and $3.000 resistance levels against the US Dollar.The price is currently trading near the $2.720 support and the 55 simple moving average (4-hours).There is a major ascending channel forming with support near $2.700 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the $2.950 and $3.000 resistance levels.EOS price is trading in a key range below the $3.000 resistance against the US...

Litecoin price struggled to clear the $165 resistance and corrected lower against the US Dollar.LTC price is trading close to the $140 support zone and the 55 simple moving average (4-hours).There is a major rising channel forming with support near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a fresh increase towards $165 or decline heavily below $140 in the near term.Litecoin price is struggling to gain bullish momentum above $150...

Bitcoin made history these past few months. It broke its historical record, flirted with a 10x ROI in one year, its realized price also reached ATH, and it became the best performing asset of the decade.But is it a good investment overall? It all depends on the crystal you look at it with. For example, Gerald Moser, chief market strategist at Barclays Private Bank, thinks it’s not.Don’t Invest in BitcoinFor Moser, the price fluctuations associated with Bitcoin and other cryptocurrencies are...

At the time of writing, the price of bitcoin is going for just over $36,000. This is about $4,000 less than where it stood just over a week ago, and according to many analysts, unless bitcoin can strike the $40,000 mark again soon, things aren’t looking too good for the world’s number one digital currency by market cap.Bitcoin Needs to Jump Back Up… Or ElseStrategists at JPMorgan Chase & Co. suggest in a new report that many investors are only getting involved in the bitcoin and crypto...

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...

Mark Cuban hasn’t been a huge fan of bitcoin or the crypto space, but in a recent interview, he believes that anything based in decentralized finance (Defi) could potentially prove to be a gamechanger.Mark Cuban: Our Only Hope May Be in DefiIn the past, Cuban has often stated that he’d rather have “bananas” over bitcoin, claiming that the latter is not a store of value like so many other people think and that it wasn’t likely to serve as a problem solver during “doomsday” scenarios. Now, he’s...

Bohdan Prylepa believes that the biggest strength of Blockchain comes from the fact that it is run by its users.2020 has been an exciting year for crypto-enthusiasts and blockchain investors. The total market capitalization of more than 8,100 cryptocurrencies has been hovering near the mark of $700 billion. At the beginning of 2020, the combined market capitalization of the crypto universe was less than even $200 billion. Riding on the back of Bitcoin’s fierce bull run, the market scaled new...