Markets

The enhanced volatility in the crypto market continues to harm leveraged traders as the liquidations in the past 24 hours are more than $8 billion. Naturally, roughly 90% of all liquidations came from long positions. It’s safe to say that the cryptocurrency market has seen better days. The entire capitalization saw around $900 billion evaporated in the span of a week. It all started with Elon Musk’s statement asserting that Tesla had stopped receiving bitcoin for its electric...

Apple is all gearing up for the launch of some powerful Mac machines ahead in the coming featuring its ultra-powerful in-house silicon hardware, a move aimed at getting rid of the Intel chipsets in near future.Last year, tech giant Apple Inc (NASDAQ: AAPL) announced a new series of MacBook Air and MacBook Pro laptops with the company’s indigenous M1 chipsets. This was Apple’s effort to reduce its dependency on Intel for its powerful machines. Now, the tech is also preparing for another series...

Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...

Latest reports from China reveal that self-regulatory bodies have reiterated a ban on financial institutions and payment companies from providing banking services to crypto traders and related entities. Per the original report, the move stems from high volatility in the crypto market, which reportedly exposes people’s property to risk. In a joint statement by three industry organizations in the country, China claimed that the rise and fall of crypto prices is “disrupting...

Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...

Customers of Coinbase – one of the largest cryptocurrency exchanges in the world – are about to get a big surprise if they are Dogecoin fans. The asset – which has recently become the fourth largest cryptocurrency by market cap – will now be supported by the San Francisco-based trading platform, meaning clients can buy, sell, and trade the currency granted they have supported payment methods attached to their accounts. Coinbase Is Going to Support Dogecoin Dogecoin has...

Despite the ICP token receiving much-needed support from Sygnum bank, its price is going down.Swiss-regulated digital asset bank Sygnum has announced the support of Internet Computer Tokens (ICP) that include custodian services. Consequently, Sygnum became the first regulated bank to support the Dfinity Foundation’s quest to decentralize the internet.In a note through a press release, Manuel Krieger, Co-Founder and member of Sygnum Bank’s Board of Directors, indicated that internet...

Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter.American omnichannel retailer Macy’s Inc (NYSE: M) has released its Q1 2021 earnings report in which it recorded a comparable sales growth of 62.5% on an owned basis when compared to the same period in 2020. As contained in the official press release, the company’s performance exceeded expectations on both the top and bottom lines.On a per-share basis, Macy’s reported a net income of...

Even with the current bearish trends being experienced in the market, Polygon (MATIC) is poised for greater heights.In the past seven days, Polygon (previously known as MATIC), a multichain scalable Ethereum-based platform has seen a growth rate of over 140%, despite the dwindling fortunes of the other cryptocurrencies, including the ones that have been in the game for a long time.Current Status of Polygon (MATIC)Polygon’s growth is perfectly timed when there’s a surge in Decentralized...

The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact. The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing...