Markets

Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.Chinese electric vehicle maker Nio Inc (NYSE: NIO) has announced a halt to its auto production activity for 5 days. According to the official announcement, the suspension of its car manufacturing applies to its Hefei plant and the primary reason cited for this unprecedented move is the shortage in the supply of semiconductors.The challenge of...

Bitcoin is at its “inflection point” caused by the current global economic situation, said Dawn Fitzpatrick – the Chief Investment Officer of Soros Fund Management.However, she also warned that the upcoming launch of CBDCs could harm the first-ever cryptocurrency in the short-term.BTC’s Inflection PointFounded in 1969 by Georgi Soros, Soros Fund Management is a privately owned hedge fund sponsor investing in public equity and fixed income markets. The organization’s CIO recently spoke about...

Cardano poses a serious risk to Ethereum and is taking great strides towards overtaking it.As 2021 has progressed, one thing in the world of financial markets has become clear: cryptocurrencies have now entered the mainstream. With the likes of Bitcoin achieving unprecedented growth, the race is on for who is number 2 when it comes to crypto. With Ethereum previously sitting comfortably in that spot, it appears that Cardano may be hot on its heels and looking to take its place. Given that the...

[Press Release – Road Town, BVI, 26th March, 2021]Full market exchange aggregator OpenOcean has announced a private placement of its shares has been made to a selected group of investors. The news follows a recent successful strategic investment round led by Binance.Investors include Altonomy and LD capital, both have participated in the Binance-led investment round, AU21, FBG, DAO Maker, Asymmetries Technologies, LIAN Group, TRON Foundation, MarketAcross, and Cao Zhen (partner of...

Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar,...

Hedge fund manager Ray Dalio shared his thoughts about the future of Bitcoin, stating that a crypto ban in the United States has “good probability.”Dalio outlined how central banks are interested in controlling the supply and demand of their respective country.They [banks] decided it was in their interest to have a monopoly on banking in a country,” adding that when other types of money, like crypto, create their own supply and demand “things could go bad.”- He said.Banks Don’t Want...

Tesla and bitcoin are far more connected than we realize, according to some analysts and financial institutions. Deutsche Bank, for example, has recently issued a statement saying that the next two to three years are likely to be real turning points for the world’s number one digital currency by market cap strictly because of the action Tesla has taken and will take in the future. Tesla and BTC Are Attached at the Hip The real relationship between bitcoin and Tesla began...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.Since the start of the week, the prices of Bitcoin (BTC), and Ethereum (ETH) have experienced a heightened level of volatility, pushing them from resistance level to new support at relatively short intervals. While the market showed promises of revival yesterday, a twist has been introduced, pushing both coins even to their lowest points in the past...

Bitcoin price dipped approximately 6.6% in the past 24-hours according to metrics provided by CoinGecko.  Bitcoin price experienced a sharp decline on March 24 to trade below $52k, consequently, its market cap dipped below the $1 trillion levels to approximately $968 billion at the time of writing according to CoinGecko. However, Bitcoin’s daily trading volume remains high as it was around $62.9 billion. Right before yesterday’s dip, Bitcoin had pumped to highs of $57k, which was attributed...