Markets

Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation...

ASX Ltd, Australia’s bourse operator, has now pushed the date of its blockchain-based clearing system launch until April 2023.On Wednesday, ASX issued a statement saying that it had conclusively consulted market participants and reached the resolution to move the scheduled launch on April 2022 to now 2023.“The industry … requested substantially more post-trade processing capacity than what had been contemplated pre-COVID-19. This is in response to the extreme increases in trading volumes on...

Having raised substantial capital through the IPO, Root will be able to offset its $200 million debt in the near future.Root Inc, the parent company of Root Insurance Company, has raised $724.4 million through an initial public offering (IPO) after selling 26,830,845 shares of its Class A common stock at a price of $27.00 per share. According to the prospectus, the underwriters have an option of a 30-days period to purchase additional 4,024,626 shares of Class A common stocks.Shares of Root...

BullSwap is a fully decentralized exchange. It’s a 100% on-chain market making which allows swaps to occur between ERC20 tokens in a fully decentralized and secure way.Defi is turning the global economy on its head for the past year. The finance sector is getting more transparent with the Defi movement that is changing the old financial products into trustless protocols that do not require intermediaries. DeFi apps are an amalgam of decentralized applications (DApps), digital assets, and...

The strong Q3 performance of First Solar is reflected in its stock price as the shares have upturned the loss seen on Tuesday and now are over 14% up.The shares of First Solar Inc (NASDAQ: FSLR) has seen a massive surge in the pre-market following the release of impressive Q3 performance. Per the reports, the company reported a Net sales of $928 million with a net income per share coming in at $1.45, a big boost from the $0.35 reported in the second quarter 2020. This performance was better...

Tron price started consolidating in a range above the $0.0265 support against the US Dollar.TRX price is showing positive signs above the $0.0265 level and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance at $0.0272 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase if there is a clear break above the $0.0275 resistance.TRON price is showing positive signs above $0.0250 against the US Dollar, while...

Bitcoin price started a strong increase above the $13,000 and $13,500 resistance levels against the US Dollar.The price is now trading well above the $13,500 support and the 55 SMA (H4).There was a break above a key contracting triangle with resistance near $13,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to find support near the $13,500 and $13,350 levels.Bitcoin price is gaining pace above the $13,500...

As the agreement closes in 2021 expectedly, AMD investors will possess 74% of the combined company, leaving Xilinx shareholders with 26%.Advanced Micro Devices Inc (NASDAQ: AMD), widely known as AMD, is purchasing Xilinx Inc (NASDAQ: XLNX) for $35 billion in stock. As it stands, the deal should close at the end of 2021. Being a notable firm in the industry, Xilinx will strengthen AMD against its rival, Intel, in the business of data center.AMD to Buy Xilinx for $35 Billion in StockOn the...

Bisher war es immer ein allgemeiner Bullenmarkt, der auch Bitcoin antrieb: stiegen die großen Indizes, stieg auch der BTC. Doch, angeschoben durch den aktuellen weltweiten Lockdown, zeigt sich zum ersten Mal eine deutliche Entkopplung von Bitcoin- und traditionellem Aktienmarkt. Bitcoin News: Bitcoin und Aktienmarkt entkoppeln sichVor allem der S&P 500 ist der Index, der bisher parallel zum Bitcoin verlief. Der US-Index dürfte der wichtigste Index des Marktes sein und gilt seit...

Bitcoin bulls are staging a new breakout attempt right now as prices surge above the 0.618 Fibonacci level around $13,360 for the second time in 48 hours. The price wicked to $13,500, setting a fresh high for 2020. This is a critically important time for Bitcoin, as a second failure to overcome this level could form a bearish double top and cause prices to plummet. Looking at the global crypto market capital, we can see that volumes are now back to Sunday levels at $397...