Markets

May 13, 2021: FXT, a blockchain-based trading technology platform that successfully completed the ICO of its FXT token for global investors, recorded a whopping 1,500% increase in its token price in the first half of May. FXT tokens are Ethereum-based tokens created to serve as a digital currency for different payments and trading. Powered by disruptive blockchain technology, FXT tokens can potentially drive more transparent, secure, expedited, and cost-efficient...

[Featured Content] The cryptocurrency market is known for its tremendous volatility. Just recently, we saw Tesla revealing that they will no longer support BTC payments, sending the entire market into a steep downturn that wiped off over $400 billion from its capitalization. Trading, while appealing, can also be devastating for the unaware, prompting many to seek more passive approaches at generating profits. With this in mind, one of the more popular cryptocurrency...

Despite the volatile market conditions, Michael Saylor’s business intelligence giant has doubled down on its BTC-related strategy. The firm bought another chunk of 271 bitcoins, and its total stash is now nearly 92,000 coins. The NASDAQ-listed company announced the latest purchase of 271 bitcoins on May 13th. The firm said it had bought the amount for $15 million. Despite being brought to the world today, the purchase was most likely made yesterday, as MicroStrategy said the...

SPCE stock has now lost over 50% of its value since ARKX began trading back in the latter stages of March when it debuted on the market with a total stake of almost 672,000 shares of Virgin Galactic which was worth $20 million at that time.Virgin Galactic Holdings Inc (NYSE: SPCE) shares took a hit in Wednesday’s trading after news broke that Ark Invest’s space exploration ETF sold almost its entire remaining stake in the American Spaceflight company, on a day the stock market mostly saw red....

Granted bitcoin moves up towards gold’s market cap, Mark Yusko of Morgan Creek Capital Management fame believes that the world’s number one digital currency could shoot up to about $250,000 per unit within the next five years. Mark Yusko: $250,000 for BTC in This Decade In a recent interview, Yusko commented that many investors were not giving bitcoin its due and “underestimating” its ability to move about and serve a higher purpose in the world of finance. He says it is...

The cryptocurrency bank Mineplex is one of the first in the market to launch crypto processing services that has already gained popularity among not users not only from Europe but also from CIS countries. It is because the bank founders deeply examined the market needs and offered a solution that significantly simplifies the usage of cryptocurrencies even for those who are making the first steps in this arena. Convenient, user-friendly, and most importantly, secure...

Ethereum has been one of the best-performing digital assets this year. The digital coin’s year-to-date gains are over 480% and despite its slight slide, its value is up by 65% over the last 30 days and 7.4% in the last 24 hours. The crypto coin market has now surpassed $2.5 trillion in total market cap as many digital coins continue to put up impressive performances this year. The total market cap of crypto assets over the last 48 hours has seen a rise of $228.13 billion and now stands at...

After a sharp correction earlier on Tuesday, shares of Big Tech made a good recovery by the end of the trading session. The fears of inflation continue to hover over the market. On Tuesday, May 11, it was quite a volatile session for the US stock market with Nasdaq (INDEXNASDAQ: .IXIC) and Dow Jones (INDEXDJX: .DJI) staying under pressure. Earlier in the day, tech-heavy Nasdaq was under pressure amid rising concerns of inflation & high valuations. the selling, however, was visible...

Jordan Sweetnam, Senior vice VP and General Manager for eBay’s North America Market, revealed that eBay will also add new capabilities that bring blockchain-driven collectables to the platform. E-commerce platform eBay on Tuesday allowed the sale of non-fungible tokens (NFTs). This comes after eBay CEO Jamie Iannone’s May 3 interview with CNBC revealing that the platform was considering adding crypto as a mode of payment. The move makes eBay the first e-commerce firm to delve into the...

Tron price found support near $0.1200 and it is now correcting higher against the US Dollar. TRX price is now trading above the $0.1350 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1400 on the 4-hours chart (data feed via Bitfinex). The pair could extend its rally after there is a clear break above the $0.1500 barrier. TRON price is showing positive signs above $0.1350 against the US...