Markets

During the first quarter, Shell company managed to reduce its debt by $4 billion to $71.3 billion. The Royal Dutch Shell Plc (NYSE: RDS.A) stock was up approximately 1% during Thursday’s pre-market and was trading around $39.50. Shell stock closed Wednesday’s market trading at $39.08, up approximately 1.45%. The spike was attributed to the first-quarter earnings results that ostensibly beat analysts’ estimates.Notably, the Anglo-Dutch company reported its adjusted earnings per share of $3.2...

The central banks of China, Hong Kong, Thailand and the UAE have also joined forces to create their own digital currency initiative.The global crypto market is a vast and lucrative space, and one that boasts a total market capitalization value of $2.22 trillion.While Bitcoin (BTC) continues to dominate this space and accounts for more than 50% of the total market cap, new crypto assets are being developed every single year, creating a more diverse sector that drives widespread adoption across...

Launched in 2021, Dtrade, a new feature product of Decoin Exchange, aims to ease new and existing traders’ journey in crypto via an innovative and transparent social trading platform.The cryptocurrency market crossed the $2 trillion mark earlier in the month as FOMO, institutions, and stimulus money flowed into the industry at proportions never seen before. This sudden upsurge in the market is bringing in new retail investors looking either to make a quick buck or join in the “financial...

Although the Federal Reserve earlier mentioned continued inflation coupled with a recovering economy, the bank had decided to keep interest rates unchanged. The Federal Reserve has maintained its short-term interest rates near zero. The Fed’s decision came even though the bank had earlier acknowledged that the economy is accelerating. CNBC further revealed that the Federal Reserve buys a minimum of $120 billion of bonds monthly.According to the report, the purchase of the bonds is based on...

The surge in Facebook revenue in Q1 can be attributed to a 30% rise in the average price per advertisement. The American social network Facebook Inc ( NASDAQ: FB) has recorded a 48% increase in its revenue for the 2021 first quarter (Q1) earnings report which does not include any Bitcoin investment. The company announced the $26 billion revenue gain in a report published on the 28th of April. Following the earnings announcement, FB stock climbed more than 7% in the pre-market...

EOS tested the $4.50 and $4.60 support levels against the US Dollar. The price is currently trading well above the $5.50 zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $5.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a strong increase if there is a clear break above the $6.00 and $6.10 resistance levels. EOS price is signaling a positive move above $5.50...

Litecoin price is showing positive above the $210 support level against the US Dollar. LTC price is now trading well above the $240 level and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $250 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue higher if there is a clear break above $265. Litecoin price is showing bullish signs above $240 against the US Dollar,...

Germany’s Financial Supervisory Authority is investigating Binance for its offering of tokenized shares and is already holding a preliminary opinion that doesn’t look too encouraging for the world’s leading crypto exchange. According to a legal opinion published on its official website, the Bundesanstalt für Finanzdienstleistungsaufsicht —or simply BaFin— considers that Binance would be violating securities laws by issuing shares of publicly traded companies like Tesla,...

Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations. For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors. Why did people think Facebook was about to buy Bitcoin? Several news outlets, including leading sources such as FOX, ran...

If we thought bitcoin was doing poorly before, we are having to redefine our ideas. It looks like the world’s number one digital currency by market cap has fallen below the $50,000 mark and at the time of writing, is trading for just over $49,000. Bitcoin Is Suffering Harder Than It Has in a While This marks a $5,000 drop for the asset in just the past 24 hours and a fall of more than $15,000 for the currency over the past two weeks. The currency appears to be dipping...