Markets

Bitcoin, for the most part, has been on a serious spike as of late, but according to analysts from JPMorgan, the boost of the world’s number one digital currency by market cap is hurting gold.Bitcoin May Be Causing Harm to GoldIn a way, this makes total sense. For one thing, bitcoin appears to do well whenever there is chaos occurring in standard financial markets. We saw this throughout 2020, which was faced with harsh economic problems thanks to the growing coronavirus pandemic. The U.S....

The massive attention that cryptocurrencies and blockchain technology have received in past months called the attention of DBS Bank.Singapore’s largest bank, DBS Bank, announced the arrival of crypto trading next week, with the integration of DBS Digital Exchange as a subsidiary of the bank. According to a recent press release, the platform will work with blockchain technology – offering assets tokenization and cryptocurrency trading.The exchange services include the tokenization of assets...

The price of bitcoin has taken a nasty fall. At the time of writing, the currency has dropped by roughly $1,000 in the past 48 hours, bringing the price of the world’s number one cryptocurrency by market cap down to around $18,200. This is about five percent less than where it stood previously.Bitcoin Is Heading to the GutterIt appears the cryptocurrency space is being attacked from all sides as it’s not just bitcoin that has taken a nasty stumble. Additional currencies such as Ethereum,...

XRP/USD: XRP Looking For A BreakoutKey Resistance Levels: $0.6, $0.7 $0.8Key Support Levels: $0.5, $0.4, $0.3After yesterday’s $35 billion crash in the crypto market, XRP had managed to recovery with roughly 10% gains at the time of writing. Despite the low buying volumes, it is still trading around $0.57 price levels.Meanwhile, the third-largest coin by market cap is holding a correction in a symmetrical triangle for the past weeks. Although, a breakout could be expected soon. The RSI has...

The food delivery company went public on the New York Stock Exchange Wednesday starting the day with its DASH stock at $182 per share and closing at $189.51.Trading under the symbol DASH, with JPMorgan and Goldman Sachs as the main underwriters, DoorDash Inc had a market value of about $60.2 million at closing. This is a huge leap from a $16 billion value earlier this year.This comes as a huge and much-needed gain for Softbank Vision Fund, the largest shareholder with a stake of about 20%....

The NYDFS has always been a fan of innovation favoring the impact Paxos has made in the financial market within the country.A stablecoin issuer and crypto services provider Paxos is on the verge of becoming a fully operational regulated bank in the US after applying to the Office of the Comptroller of the Currency (OCC). If this application is approved, Paxos would operate as a full trust bank and be mandated to hold cryptocurrencies.Paxos already has a license of the New York Trust Charter...

Bitcoin bears have successfully taken back control of the asset this week and are now trying to secure a daily close beneath the $18K for the first time since this month. The global crypto market capital has been steadily declining over the last seven days and is now back below $540 billion.Right now, the leading crypto is tiptoeing on the edge of the $1,300 CME gap which sits just $25 below the current price and extends all the way down to $16,995. In order to fill this gap, bitcoin’s price...

XRP holders are eligible for the upcoming SPARK token airdrop. The community is getting excited about the event as the date draws near. Only users who hold XRP are eligible for the airdrop, and they will receive FLR based on XRP they have. Below is everything you need to know about it and the exchanges that have announced support for it.What Is An Airdrop? An airdrop means distributing a cryptocurrency or token as rewards or gifts to users or wallet addresses. Crypto projects use airdrops as...

EOS started a strong decline below the $3.000 support zone against the US Dollar.The price is currently trading below the $2.900 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.840 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down as long as it is below the $2.850 and $2.900 resistance levels.EOS price is facing a lot of hurdles on the upside near $2.900 against the...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1032. Im heutigen Video geht’s um folgende Themen: Alexander Vinnik Gefängnisstrafe, Silk Road Darknet Kinofilm 2021 & Square Klimafreundliches Bitcoin Mining. 1.) Alexander Vinnik Gefängnisstrafehttps://www.btc-echo.de/schlagzeilen/alexander-vinnik-wird-zu-fuenf-jahren-haft-verurteilt/ 2.) Movie based on darknet market Silk Road premiering in...