Markets

The announcement fueled a short rally in BTC price despite its losing strength against the USD. Accepting Bitcoin payment is a major step in getting it into the mainstream financial ecosystem.Bitcoin (BTC) which seemed under pressure earlier today has now reversed its trajectory northwards. Thanks to Elon Musk who once again came to the rescue of the Bitcoin investors. Earlier today, Musk announced that automobile giant Tesla Inc (NASDAQ: TSLA) has now started accepting Bitcoin (BTC) payments...

With Coinbase’s impending direct listing reportedly coming next month, reports emerge frequently indicating the impact of a crypto company going public for the industry and for the exchange itself. According to the latest estimations, Coinbase CEO Brian Armstrong could become the latest tech decabillionaire with his current stake of roughly 40 million shares.Armstrong to Become Decabillionaire?CryptoPotato has reported Coinbase’s plans to go public in the past, with the latest indicating that...

Coinbase is set to go public through a direct listing, which in turn will give Armstrong and other shareholders the right to sell their shares to the public market immediately after the company is listed. Coinbase CEO and co-founder Brian Armstrong is set to join a list of tech decabillionares as the company prepares to go public in a few weeks. Notably, Armstrong owns 39.6 million Coinbase shares. With the Coinbase shares reportedly trading at $343.58 based on an average private market price...

Tron price rallied towards the $0.0680 zone before correcting lower against the US Dollar. TRX price is now trading above the $0.0575 support and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0620 and $0.0630 resistance levels in the near term. TRON price is trading in a positive zone above $0.0550 against...

Bitcoin price started a fresh decline from well above $58,000 against the US Dollar. The price is now trading below the $55,000 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $56,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below the $53,200 and $53,000 support levels in the near term. Bitcoin price is holding a major support above...

Bitcoin, the world’s largest and most popular cryptocurrency by market cap, has once again surged into the high $50,000 range. At the time of writing, one unit of BTC is trading for well above $59,000, suggesting that another attempt at $60,000 could be just around the corner. Bitcoin Has Surged Back Into the High $50,000s The asset reached its all-time high of more than $61,000 just a few weeks into the month of March, though this newfound stamina ultimately didn’t last...

We all know that the concept of virtual currencies and the BTC market itself can be very technical and complex. However, factors as basic as the increasing mainstream acceptance, are influencing the market as well. Other factors include the quantity of total power and electricity required for mining the new bitcoins, and how available the coin is to the masses. BTC has been known to increase in value over time, and in the recent past, it has taken giant leaps in its...

Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.As Q1 2021 comes to an end, the leading cryptocurrencies – Bitcoin and Ethereum – started seeing a significant price drop. The drop has affected the entire market, as all coins seem to be following the two top ones.Bitcoin and Ethereum Drop Despite Positive ForecastsBitcoin and Ethereum have started seeing a significant price drop over the...

IHS Markit highlighted the operating performance in some of the company’s segments including Financial Services, Transportation, Resources, and Consolidated Markets & Solutions.Financial services company IHS Markit Ltd (NYSE: INFO) has released its earnings results for Q1 2021, which ended on the 28th of February. In the result published on the 23rd of March, the company said revenue in Q1 2021 was $1.120 billion, with 3% total organic growth.IHS Markit’s CEO and chairman, Lance Uggla,...

The multi-token protocol enabling automatic market-making Balancer has partnered with the blockchain-based simulation platform for building financial models, Gauntlet. The collaboration aims to enhance returns for Balancer V2 Liquidity Providers while still keeping the funds fully non-custodial.Balancer Partners with Gauntlet to Maximize ReturnsIn a press release shared with CryptoPotato, Balancer announced its latest partnership with Gauntlet, aiming to maximize returns for Liquidity...