Markets

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...

Ripple price remained stable above the $0.3500 and $0.3650 support levels against the US dollar.The price is now trading near the $0.4300 zone and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.4300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a steady increase if it clears the $0.4300 and $0.4400 resistance levels.Ripple price is trading in a positive zone above $0.3500 against the US Dollar....

It’s been quite an interesting couple of weeks in the cryptocurrency market. Somewhat surprisingly (or not), the meme coin DOGE has seen more retail interest than Bitcoin in the US, propelled by a series of events ranging from Elon Musk tweeting about it regularly and the craze surrounding Wall Street Bets.Dogecoin Searches Top Bitcoin’s in the USDogecoin, believe it or not, is currently the 12th largest cryptocurrency in the world by means of total market capitalization. Sitting on a...

Bitcoin’s endurance above the $30,000 level despite a few brief dips beneath it will help the asset to resume its bull run and head towards $50,000 soon, asserted Bloomberg strategists. In their February report on the cryptocurrencies’ performance, the analysts also highlighted the substantial inflows towards BTC, while gold ETFs have stalled in attracting fresh funds.Bitcoin Vs. Gold: Inflows And OutflowsThe notion that the primary cryptocurrency has been gradually claiming shares of gold’s...

Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.The total crypto market value after taking a nosedive for a couple of weeks took a swift turn to record an all-time high value of above $1.21 trillion on February 6, 2021. These huge gains were largely contributed by the Bitcoin price after it nearly broke its all-time high of around $42,000 set in January 2021.Ethereum supported the movement with an incredible...

The crypto market is heating up again. After trading whipsaw for over a week, Bitcoin and altcoins are showing signs of rallying. Bitcoin is up 5.5% to $38,288 while ETH gained over 8% to $1,695. ETH performed better than Bitcoin since 2020, increasing over 724% for the year.Although Bitcoin is in the spotlight, many analysts shared that ETH could outperform BTC in 2021. For one thing, according to Grayscale, the proposed EIP-1559 fee and burn mechanism of ETH could be a bull catalyst that...

Oscar Health prior to this IPO was valued at about $3.2 billion in a 2018 funding round.Obamacare health insurance provider Oscar Health has filed for an Initial Public Offering (IPO) in the United States. The firm co-owned by Josh Kushner, the brother to Jared Kushner, former senior adviser to President Donald Trump is also backed by Alphabet Inc (NASDAQ: GOOGL).According to the press release shared by the New York-based company, the size of the IPO is currently pegged at about $100 million...