Markets

Petr Kozyakov, the CEO and co-founder of Mercuryo, says 1inch Network company has seen “great demand” for fiat onramp solutions to DeFi.The decentralized exchange aggregator 1inch Network officially announced its partnership with Mercuryo, a cross-border payment network. The collaboration will enable all 1inch wallet users to experience a hitch-free gateway to DeFi, which will open up it market to greater adoption.In the past, some users have been discouraged from entering the DeFi space...

It is essentially clear that the mining of Chia coin comes with its own challenges, even though it takes less energy compared to Bitcoin as it is based on the Proof-of-Stake (PoS) model.Chia Coin, the sensational blockchain protocol touted as a greener alternative to the energy-intensive Bitcoin (BTC) has seen the price of its token, the XCH drop in tandem with the ongoing market correction. The coin opened up for trading on the Huobi Global crypto exchange earlier in the month with its price...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

With cryptocurrencies, the data is available online for free because the community is dedicated to leveling up people who want to join the ranks.When it comes to investing money, there is a temptation to ensure your assets are 100% secure. The last thing you want is to lose your hard-earned cash, which is why it’s easy to let the niggling doubts creep to the forefront of your mind.With cryptocurrencies, there are seemingly as many problems as there are advantages, which is why you might have...

Less than a month after VanEck filed documents with the SEC to launch an Ethereum ETF, WisdomTree has done the same. The asset manager, based in New York, has previously applied for Bitcoin ETFs but to no avail so far. Founded in 2006, WisdomTree is an American exchange-traded fund and exchange-traded product sponsor and asset manager with over $42 billion in AUM (as of 2018). According to a recent filing with the US Securities and Exchange Commission, the organization plans...

Bitcoin cash price declined heavily and it even tested the $470 level against the US Dollar. The price is now trading just above $700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $750 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating and it might attempt an upside break above $800 and $850. Bitcoin cash price is recovering losses from $500 against the US...

If investors can cope with the massive double-digit price swings in the cryptocurrency markets, they will eventually prevail, asserted the President of Bianco Research, Jim Bianco. He also admitted to owning ether instead of bitcoin, as he sees more potential of surging higher. The Volatility in Crypto Markets is to Be Expected The cryptocurrency space is known for its enhanced price fluctuations. Doubled-digit percentage drops and increases are nothing new, and the past...

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...

During the first quarter, Nvidia’s graphics sector brought in a $3.45 billion revenue representing an 81% rise while crypto miners’ demand brought in $155 million.Nvidia Corporation (NASDAQ: NVDA) stock had risen to $630.06 (0.52%) during Thursday’s pre-market session and was 0.16% down at the time of writing. The tech company has shown a steady increase in performance with records of 7.44%, 2.45%, 17.98%, and 20.26% in 5 days, 1 month, 3 months, and YTD respectively according to metrics...

Beyond its SPAC merger, Acorns will have to navigate the terrain to gain a good market stance amidst stifling competition.Fintech startup Acorns Grow Inc is planning to make its public debut through a merger deal with a publicly-traded Special Purpose Acquisition Company (SPAC), Pioneer Merger Corp (NASDAQ: PACX). According to a report by CNBC, the deal values Acorns which runs a savings and investment product at $2.2 billion, with the deal expected to close sometime later in the second half...