Markets

Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down to the 0.5 Fibonacci level at $11,150, but new bullish momentum from the American trading session has helped drive BTC back above $11,500. With this, Bitcoin charted...

[Featured Content]The crypto derivatives market is having a hard time of late. October began with the news of CFTC civil enforcement action against the centralized crypto derivatives platform BitMEX.BitMEX and its founders, including CEO Arthur Hayes, were charged with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement the required anti-money laundering procedures.Less than a week later, the UK FCA announced a ban on the sale of...

Gemini crypto exchange will be connected to BCB’s API, hereby facilitating seamless transactions with different bank systems.Gemini cryptocurrency exchange is fast encroaching into the European market amid the coronavirus pandemic. After acquiring the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority, the firm has now partnered with BCB Group to provide United Kingdom residents a means to send and receive the British Pound seamlessly.Blair Halliday, Gemini’s...

Although the vaccine by AstraZeneca has not been globally approved, it was used in the treatment of U.S. President Donald Trump.AstraZeneca plc (NASDAQ: AZN) stocks were trading slightly above $55 during Monday’s pre-market, nearly 1% up from Friday’s close. The British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca is developing a coronavirus vaccine candidate with a brand name AZD1222. According to the company, the drug works by using a viral vector (ChAdOx1...

The shares of Alphabet Inc which closed 1.82% higher on October 12 have even surged an additional 1.24% in the pre-market despite reports that the feds might force the company to split key units of its advertising business.Per the report from Politico, the Department of Justice, as well as state prosecutors, are investigating Google for its extensive grip on both the world’s search engine which gives it a competitive edge in the advertising industry.Google alongside its counterparts Apple Inc...

Stellar lumen price seems to be gaining pace above $0.0750 against the US Dollar.XLM price is currently trading well above $0.0765 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.0738 on the 4-hours chart (data feed via Kraken).The pair could accelerate higher once it clears the $0.0785 and $0.0800 resistance levels.Stellar lumen price is showing bullish signs above $0.0750 against the US Dollar, similar to bitcoin. XLM...

Ripple price is gaining pace above the $0.2480 and $0.2500 resistance levels against the US dollar.There is a key bullish trend line forming with support near $0.2480 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to climb further above $0.2600 as long as it is above $0.2455.Ripple price is trading is a positive zone above $0.2500 against the US Dollar. XRP price is likely to continue higher if it clears the $0.2600 resistance zone.Ripple Price...

Billionaire investor Jeff Gundlach – who has since garnered a reputation for being a “bond king” – has laid out his thoughts regarding bitcoin and today’s financial markets. While he denies being a legitimate “bitcoin hater,” it’s clear from his recent words that he doesn’t believe in it, and he’s convinced that the cryptocurrency is nothing like what it’s fans claim it to be.Jeff Gundlach Doesn’t Believe in BTCIn a recent interview, he commented:I don’t believe in bitcoin. I think it’s a...

The hype of the crypto markets after Square announced a $50 million investment in Bitcoin catapulted the token above the psychological barrier of $11k, sparking a general optimism among BTC bulls… But the bears are also rubbing their hands as they wait for a price correction. According to data from the Bitcoin metrics company, Santiment, the activity of bears in Bitcoin-focused trading channels has surpassed the peaks of 2 months ago, especially after Bitcoin broke the...

This week, Belgium’s Financial Services and Markets Authority made a startling revelation. Cryptocurrency fraud victims have lost at least €10 million between May 2019 and September 2020, the financial regulator said.Belgians Have Lost €10 Million In Cryptocurrency FraudBelgian citizens have lost almost 10 million euros to fraudulent crypto investment schemes. Belgium’s apex financial authority, the Financial Services and Markets Authority, said on Monday. According to the watchdog, this data...