Markets

Roubini thinks the crypto industry might collapse if Tether and Bitfinex are indicted later this year. In an interview on CoinDesk Tv, NYU economics professor Nouriel Roubini criticized the recent crypto involvement of Elon Musk while the Tesla company stacked Bitcoin, calling it market manipulation. According to Roubini, the United States Securities and Exchange Commission (SEC) should investigate Musk on market manipulation charges.Notably, Musk has in the past endorsed Bitcoin and Dogecoin...

The explosive growth of Non-Fungible Tokens (NFTs) has opened up the blockchain industry to a new realm of endless possibilities.They have allowed for the existence of rare assets reminiscent of those in our conventional world, and virtual reality gamers are throwing their weight behind by splurging on these assets. An Axie Infinity gamer recently paid 888.25 ETH (worth $1.5 million at the time of purchase) for a virtual estate, breaking the previous record of $800,000 paid by Polyient Games...

EOS starred a strong increase and it cleared the $3.500 resistance against the US Dollar.The price is currently trading well above $3.800 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $4.000 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $4.200 and $4.500 resistance levels.EOS price is trading above a major pivot level at $3.800 against the US Dollar, while bitcoin is...

Bitcoin’s dominance continues to suffer and has dropped beneath 61% once more as the asset has stalled around $45,000. In contrast, numerous altcoins have spiked, including a new 3-year high of Cardano as ADA has neared $1.Bitcoin Stagnates Around $45KThe primary cryptocurrency registered its largest green candle in history on Monday upon news that Elon Musk’s Tesla had purchased $1.5 billion in BTC. This development drove the cryptocurrency to a new all-time high at above $48,000.However,...

Litecoin price started a fresh increase from the $145 support zone against the US Dollar.LTC price is now trading well above $175 pivot level and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains supported and it is likely to accelerate higher above the $185 and $190 levels.Litecoin price is showing positive signs above $175 against the US Dollar, while...

Bill Miller, a bitcoin fanatic and legendary investor, is once again plugging away at cryptocurrencies and pushing the digital agenda. On Monday, it was also announced that Miller had set up what’s known as the Miller Opportunity Trust with the Securities and Exchange Commission (SEC) to invest in the Grayscale Bitcoin Trust as a means of entering even deeper crypto territory.Bill Miller Is Working with Grayscale for Indirect BTC InvestingA filing with the SEC for Miller’s enterprise...

The total cryptocurrency market’s capitalization has lost around $100 billion in the past hours. This comes as Bitcoin corrects to below $44,000. Nevertheless, the cryptocurrency is still up more than 20% on the weekly.Corrections are to be expected, especially when the market turns parabolic. Over the past 7 days, bitcoin’s price is up by a whopping 20% after arguably one of the most important developments for the market.BTC soared earlier this week when Elon Musk’s Tesla filed a document...

BNB/USD – Bulls Set Fresh ATH Near $150.Key Support Levels: $110, $105, $100.Key Resistance Levels: $130, $137.70, $148.37.Binance Coin has absolutely exploded this week after surging by a total of 149%. The coin was trading at just $50 a few days ago as it started to push higher to reach $80 on Monday.From there, it started to turn extremely parabolic as it broke past $100 yesterday and continued higher today to set a new ATH price at $148.37 (1.618 Fib Extension).This type of growth for a...

According to CME Group market data, a total of 388 Ether futures contracts exchanged hands on the first day of trading.The second digital asset by market capitalization Ethereum is now exposed to institutional investors through regulated Ether Futures on the Chicago Mercantile Group. Notably, Ether Futures recorded a whopping $30 million in traded volume on its CME debut.“As institutional demand for transparent, exchange-listed crypto derivatives continues to increase, we are pleased to...

In its revised proposition submitted to the SEC, Bumble is planning to sell nearly 45 million equity shares for $37-$39 per share. The dating app is used in 150 countries worldwide with 42 million monthly active users.On Monday, February 8, popular dating app Bumble Inc increased its IPO issue size and offer price and is now looking for a valuation of $7 billion as it heads for a stock market debut. The eponymous dating app registered $376 million in revenues in the period last year between...