Markets

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...

This partnership creates a win-win for both Harmony and Knit Finance. Users can use the Harmony (ONE) token on the Knit Finance marketplace, whereas Knit can unlock several other potential use cases in DeFi.On Monday, May 17, Harmony, the sharding protocol with a trustless Ethereum bridge, announced its partnership with Knit Finance. Soon after the news, Harmony’s native crypto ONE token has shot 10%. At press time, Harmony (ONE) is trading at a price of $0.16 with a market cap of $1.5...

[Press Release – Amsterdam, Netherlands, 18th May 2021] SingularityNET’s first DeFi spin-off project, SingularityDAO, is announcing today their partnership with leading decentralized data provider Ocean Protocol. The collaboration will see the OCEAN token’s inclusion in SingularityDAO’s index fund/investment portfolio. Moreover, SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide...

[PRESS RELEASE – George Town, Cayman Islands, 18th May 2021] BlockSwap Network is pleased to announce a strong partnership and collaboration with Algorand. Through this collaborative effort, both teams will bring forth the AlgoSaver solution. Introducing a sustainable saving market for mainstream users offering 7% on USD deposits is a significant milestone for both teams. The partnership between Algorand and BlockSwap Network is possible through the Algorand EU Accelerator....

Stellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels. Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to...

Ripple price is holding ground above the $1.22 support zone against the US dollar. The price is now consolidating above $1.45 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near the $1.5500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.55 and $1.60. Ripple price is trading nicely above the $1.40 support against the US...

Coinbase’s IPO was great news for cryptocurrency enthusiasts. Still, since that time, the company’s share price has done nothing but slide. In the midst of that collapse, the leading U.S. cryptocurrency exchange is looking for an even more significant cash infusion. As per a P.R. published a few hours ago, the U.S. company revealed its intention to offer $1.25 Billion of Convertible Senior Notes Due 2026. Coinbase Wants To Speed Up Its Growth The offering would be private and...