Markets

Ethereum – the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin – has shot up like no other currency this week. The asset has lost much of the attention thanks to bitcoin once again rising beyond the $37,000 mark in the past few days, but it has still set a new precedent and has traders talking about what’s to become of the world’s primary altcoin.Ethereum Is Growing Like No Other CoinEthereum initially began in 2015, which makes it considerably...

It appears that the IEO season is coming back as the newest project that saw its listing on the Binance Launchpad charted massive gains of about 1800% upon being launched.Binance IEO SafePal (SFP) Goes ParabolicInvestors in the latest Initial Exchange Offering (IEO) that took place on the Binance Launchpad platform saw handsome gains of up to 1800%.SafePal (SFP) saw its listing price at $0.10 and skyrocketed up to $1.9 in the first moments after its listing. While it can be argued that it’s...

Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.In an SEC filing on Monday, Tesla Inc (NASDAQ: TSLA) announced that it invested $1.5 billion in Bitcoin (BTC). The mega-tech and automobile company also revealed that it intends to accept Bitcoin as a form of payment in the near future.“As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest...

Today is yet another tumultuous day in the cryptocurrency market. The massive volatility, propelled by the fact that Elon Musk’s Tesla revealed a purchase of $1.5 billion in BTC, caused over $1.34 billion liquidated both long and short positions, though bulls had the upper hand.Things happen quickly in the cryptocurrency market. Bitcoin was trading rather calmly earlier today, making progress towards the $40,000 level after failing to sustain it during the weekend.However, everything changed...

Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance.CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated $1.5 billion in Bitcoin in January 2021, per a Form 10-K filed with the Securities and Exchange Commission...

Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference.Social media giant Reddit Inc blew up its entire marketing budget on a five-second WallStreetBets-inspired super bowl live ad on Sunday. Reportedly, Reddit spent close to $1 million on the ad that was challenging for anyone to read it all during the game.However, the company noted it was worth it by all means as the message reached the intended...

Tencent has, however, vehemently denied the claims by ByteDance and said they are only meant to cause defamation.Over the weekend, the Beijing Intellectual Property Court accepted a lawsuit filed by ByteDance Ltd against Tencent Holdings Ltd (HKG: 0700) over monopolistic practices.According to the lawsuit, ByteDance alleges that Tencent has been denying Douyin – a Chinese version of TikTok- access to WeChat and QQ content sharing capabilities. The two tech rivals have seen their business...

Using the services of Bitcoin storage, in a few years, you can expect a significant increase in your investment.2021, the global crisis is gaining momentum, a pandemic is raging in the world, because of which traditional businesses lose money and go bankrupt and, adapting to new conditions, are revived due to new technologies, in particular, cryptocurrencies.The cryptocurrency capitalization of the market has exceeded $1 trillion, the price of Bitcoin has reached $40 thousand, and the...

Increasingly, entrepreneurs and ordinary people are asking the question of what role the state plays in their life and business: do they need in state money and services, and what are they really worth? The trends of the last decade show that the private money market is not a fantasy, it’s our possible future. A number of economists predict that large corporations will begin to work without intermediaries in 40-50 years, and cryptocurrencies issued by corporations are the most realistic...

Stellar lumen price is trading nicely above the $0.3500 and $0.3600 support levels against the US Dollar.XLM price is holding gains above the $0.3600 support and the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.3590 on the 4-hours chart (data feed via Kraken).The pair could start a strong upward move as long as there is no downside break below $0.3590.Stellar lumen price is showing positive signs above $0.30000 against the US Dollar, similar to...