Markets

The increase of US stimulus package talks serves as a booming situation for Bitcoin and Gold. However, Bitcoin price strikes a new record while Gold declines.Bitcoin in 2021 so far has brought way too many similar headlines of “new all-time hits”. These many Bitcoin stories have created much interest even for those who are new to it and the entire crypto space. Currently, Bitcoin has rallied past 50,000 dollars to strike a new all-time high of a little above 52,000 dollars in the last few...

Currently, there are close to 1,000 pending similar cases against Uber which had been stayed until this case was completed.Popular ride-hailing technological company Uber Technologies Inc (NYSE: UBER) has lost a major case in the United Kingdom over the status of its drivers. According to the ruling by the country’s Supreme Court, the drivers of the app should be recognized as workers and not independent contractors.Meanwhile, today in the pre-market, Uber stock is 2.12% down, trading at...

The complaint claims that Ripple knew that its digital coin could be a security offering after receiving legal advice “as early as 2012” but disregarded it.Ripple suppressed and manipulated XRP price, created an information vacuum and deceived XRP investors for years, the SEC has alleged. The first fight in the SEC-Ripple legal battle got off with a hard punch as the United States Securities and Exchange Commission has alleged that executives of the parent company of XRP, Ripple Labs Bradley...

After months of complete silence from one of the biggest proponents of cryptocurrencies and arguably one of the most influential people in the industry, Arthur Hayes is back.The former CEO of BitMEX shared his thoughts on some pressing and trending matters – the state of the “crypto capital markets” following the fiasco with GameStop and everything that happened in relation.The Game Didn’t Change – You Just Didn’t Know the RulesFollowing the case against BitMEX, spearheaded by the United...

Shares for Virgin Galactic have been fluctuating in the past few weeks which is linked to on-going speculation and rumours about a test launch.Conventional tourism took a major hit last year due to the COVID-19 pandemic. Travel bans and the closure of many tourism-dependent businesses dealt a hard blow to the industry. Not so for the burgeoning space tourism industry. In fact, the last few months of 2020 were a period of exponential growth for the industry. That momentum is set to continue...

JPMorgan Chase & Co strategists have warned that BTC’s price could be in bubble territory as it’s significantly higher than their estimated fair value. Furthermore, the analysts believe that bitcoin, and other cryptocurrencies, have failed to serve as a hedge to equities.JPM’s Swinging BTC OpinionAfter being somewhat positive on BTC for months, claiming that the asset has taken some of gold’s market share because of the skyrocketing demand, JPM has changed its tune on the...

Mark Cuban, a famous venture capitalist, and owner of the Dallas Mavericks, made comments on Twitter regarding the Gamestop stock situation, along with some of the inherent problems that lie within the New York Stock Exchange. In the thread, the billionaire claims that a blockchain system could solve many of the issues that the stock market faces as it enters the 21st century.“What do you mean by ‘the markets aren’t open?’”One of the largest differences between trading cryptocurrencies and...

Bitcoin cash price rallied sharply above $550 and $650 against the US Dollar.The price traded as high as $774 and settled well above the 55 simple moving average (4-hours).There is a key contracting triangle forming with support near $688 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either correct lower below $680 or it might a fresh rally above $720.Bitcoin cash price is consolidating gains after a strong rally to $774 against the US Dollar, similar to...

Valentine’s Day is a time of love and affection. A time when couples gift each other with flowers, chocolates, jewelry, a nice meal or anything else that lets the other know how much they mean to them. However, it’s always hard when one’s partner gives off mixed signals, and for bitcoin, that’s exactly what happened during the holiday weekend.Bitcoin Has an Up-and-Down HolidayValentine’s day saw bitcoin spike to nearly $50,000 for the first time in its short, yet significant history. The...

Cryptocurrency trading has continued to thrive in Nigeria despite the ban imposed by its Central Bank. The Central Bank Of Nigeria had earlier issued a circular warning financial institutions against enabling bitcoin transactions. The digital asset currently trades 52% above the global price in Nigeria.Statistics show that bitcoin is currently trading at a 52 percent premium in Nigeria. The premium is as seen on the leading cryptocurrency platform, Luno. While the global price stands north...