Markets

The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price of bitcoin skyrocketed.Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio.The high-ranked executive also tweeted minutes later that “in retrospect, it was inevitable.”What’s interesting is how this impacted Bitcoin’s price.In less than a few minutes, BTC jumped from a low of around $32,070 to a high of around $37,060 – adding $5,000 to its dollar...

Bitcoin cash price declined after it failed to clear the $465 resistance against the US Dollar.The price even spiked below the $400 support and settled well below the 55 simple moving average (4-hours).There is a short-term rising channel forming with support near $390 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could recover above $420, but it might face a strong resistance near the $440 level.Bitcoin cash price is struggling to gain momentum above $400...

As we have witnessed in recent years, bitcoin is a rather popular asset, but it seems to be making quite a bit of headway amongst younger crowds, many of whom do not trust financial institutions or standard banks following the dangers of the Great Recession in 2008 and the dismal state of the global economy that occurred soon after.Bitcoin Appears to Be Attracting Younger InvestorsIt seems like many younger generations now view bitcoin and cryptocurrencies are far more trustworthy than...

At the time of writing, bitcoin has come to a screeching halt. The world’s number one cryptocurrency by market cap has ultimately fallen to just over $30,000, which is about $2,000 less than what it was trading for around 24 hours ago and more than $10,000 less than the new $42,000 all-time high it managed to attain in early January.The Bitcoin Price Has Fallen, But It May Not Be Too BadHowever, according to one Tesla investor, things aren’t looking too bad for the asset. In fact, this...

Ameritrade, a popular US-based trading platform owned by Charles Schwab, and Robinhood, an American financial service company, have suspended GameStop (GME) trading following the recent controversy.Simultaneously, the former SEC Chair Jay Clayton said that the traditional financial markets need significant readjustments as they are not functioning in everyone’s best interest.Ameritrade And Robinhood Halt GME TradingThe saga around a video game company struggling for years to revamp its...

GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.The Reddit community r/WallStreetBets behind the ongoing short squeeze of the GameStop stock (NYSE: GME) is just refusing to give up. GameStop (GME) stock was down 16% in Thursday’s pre-market session and reached the level of $292.02. The stock is slightly up as the market opened trading at $347.51.The...

To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines.As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street Bets decided to buy it in an attempt to liquidate large Wall Street hedge funds who have been shorting it heavily.The results? Well,...

Faraday Future first unveiled its FF 91 130 kWh crossover vehicle at the beginning of 2017, during the US Consumer Electronics Show.American start-up electric vehicle company Faraday Future Inc is set to go public through a merger with blank-check firm Property Solutions Acquisition (NASDAQ: PSAC) in a deal estimated to be worth $3.4 billion. According to news outlet Reuters, the company confirmed on Friday its entrance into the public market.Consequently, PSAC stock surged over 34% during...

UniSwap’s UNI DeFi token has shot to fame with a massive rally this year. The latest price jump comes on the backdrop of improving fundamentals of the UniSwap network.While the broader cryptocurrency market remains under pressure, the decentralized finance (DeFi) crypto space draws investors’ attention. Over the last week, the overall DeFi market is up 50% with UniSwap’s UNI DeFi token leading the show.The decentralized exchange (DEX) UniSwap’s native UNI token surged all the way to its new...

[PRESS RELEASE – Please Read Disclaimer]FINDORA announced the investment in the startup LZMicro in the amount of two million US dollars, as part of its strategic investment to achieve the expansion of its fast-growing ecosystem.LZMicro is a leading integrated circuit design company and ZK-as-a-service provider, made up of experienced doctors from Harvard and Maryland Universities,offering a new category of computing hardware for cloud, edge and IoT industries called Privacy-Preserved...