Markets

The establishment of the JUST NFT Fund follows a recent successful bid by Sun on Beeple’s NFT artwork ‘Ocean Front’ for a whopping $6 million.Tron Foundation founder and Rainberry Inc CEO Justin Sun has officially announced the JUST NFT Fund to further venture into the digital art world market. Through a Medium open letter, Sun noted that the fund will only focus on top-notch artists who have been in the traditional and digital art world for a long period.“The highly sought-after NFT market...

Deliveroo has denied any wrongdoing and strongly rebuffs the accusation that it treats its workers shabbily.With its initial public offering (IPO) a matter of days away, leading food delivery company Deliveroo has announced that it would be cutting the share price. This decision was made because of the backlash the company had gotten for the poor treatment of its riders and the ownership structure of the Amazon-backed company.The delivery company had stated that its shares were going to be in...

Tesla stock has now been trapped in a multi-week correction after rallying over 500% last year. Tesla Inc (NASDAQ: TSLA) stock closed Friday trading at $618.71, down 3.39%. Meanwhile, Tesla stock has dropped nearly 1% further during the pre-market trading session according to MarketWatch. At the time of writing, TSLA stock is 0.16% up. The dip in TSLA stock coincided with a revelation from CEO Elon Musk that the company is experiencing battery cell constraints that might affect Tesla Semi...

Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above $0.3800 against the US...

[Featured Content]TimeCoin protocol is being developed by a company called TimeTicket GMBH, a subsidiary of TimeTicket Inc. It has the purpose of bridging people who want to provide services by selling their own time and people who want to purchase it.TimeTicket allows the user to buy and sell personal time devised in a 30-minute unit. The protocol has grown notably since its launch, and, according to the official website, the number of users has now reached about 250,000.The protocol has its...

Ripple price is showing positive signs above the $0.5000 and $0.5200 resistance levels against the US dollar. The price is now well above $0.5200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.5645 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.5850 and $0.6000 resistance levels. Ripple price is trading in a positive zone above the...

Bitcoin has taken a nasty hit in recent days. The world’s number one digital currency by market cap – which was previously trading in the $58,000 and $59,000 ranges – has stumbled backwards and is now trading for around $55,000. Earlier today, we published an article suggesting that the expiration of various bitcoin options was to blame, though there may have been another contributing factor. Jerome Powell – chair of the Federal Reserve – released an official statement...

The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well.The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K.With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks.Bitcoin (BTC)It goes without saying that, for the most part, wherever Bitcoin...

Where the heck is bitcoin planning to go in the coming weeks? The number one cryptocurrency by market cap has decided to take a turn for the worse, diving into $55,000 territory after trading for $58,000 or $59,000 for the past several days, and it looks like many analysts are torn on whether the world’s primary digital asset will continue to go south or get back to its winning ways. Bitcoin Has Dug Itself Into a Hole It appears one of the big contributing factors to...

Leading crypto fintech startup Circle Internet Financial has announced the launch of a payment solution for the non-fungible tokens (NFTs) market. It will enable investors and content creators to make payments using credit cards and cryptocurrencies.Promoting NFT AdoptionThe company stated in an announcement today that it hopes the initiative would get more investors onboarded into the NFT bandwagon. Jeremy Allaire, Circle co-founder, and CEO said the initiative is important for content...