Tag Archives: News

Saudi Aramco is a Saudi Arabian national petroleum and natural gas company. In December 2019, the company in its IPO initially raised $25.6 billion which already then was a record-setting number. They sold 3 billion shares worth $8.53 (or 32 riyals) a share. Already at the beginning of the IPO, the company stated that they might sell additional shares through the greenshoe option. It’s also called over-allotment of shares, which means that companies are allowed to issue more shares in the...

Rhodium, the world’s most precious metal is on an astounding rally since the start of 2020. Under just around 10 days to the start of the year, the rhodium metal price has surged more than 32% so far.The costliest metal started 2020 with its price around $5500 per ounce. However, in the last days, it has been on a massive price rally. The rhodium price is currently trading around $7900 levels.Analysts are suggesting that the metal commodities have recently shot due to rising geopolitical...

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

The stock markets had some phenomenal rally last year in 2019 with Dow Jones and S&P 500 indices hitting their all-time highs. However, with markets trading at such high optimism, analysts have started working out whether it’s the right time to cash-in or not.PNC Financial’s Amanda Agati thinks that selling can be the biggest mistake investors can make right now. Speaking to CNBC, Agati said that the market has a lot more surprises in store. She adds that the market is still not at its...

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried.Options are live!https://t.co/B85lrLVDQO— SBF (@SBF_Alameda) January 12, 2020The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch.FTX Bitcoin OptionsEven as...

BTC/USD is presently trending at $8,091 (-1.1% from the start of the day). The coin retreated from an intraday high of $8,195.81, although the trend is quite bullish.As per Arcane Research, Bitcoin volumes have more than increased in seven days. The organization found that the 7-day normal every day exchanging volume spiked 126% all through the underlying seven day stretch of 2020 and came to $1.5 billion, exchanged on January 8, contrast with a dismal $192 million as of January 1. This...

Stellar lumen price is currently correcting lower from the $0.0500 resistance against the US Dollar.XLM price remains well supported on the downside near the $0.0466 and $0.0460 levels.There is a key contracting triangle forming with resistance near $0.0490 on the 4-hours chart (data feed via Kraken).The pair could start a nice upward move if it breaks the $0.0490 and $0.0500 resistance levels.Stellar lumen price is showing positive signs above $0.0450 against the US Dollar, similar to...

Ripple price is trading in a positive zone above the $0.2000 support against the US dollar.The price is facing hurdles near the $0.2200 and $0.2250 levels.There is a breakout pattern forming with resistance near $0.2175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate gains above the $0.2175 and $0.2200 levels in the near term.Ripple price is trading in an uptrend above $0.2000 against the US Dollar. XRP price could start another rally if it...

A class-action suit against both Tether and cryptocurrency trading platform Bitfinex alleging that these parties manipulated the bitcoin price back in 2017 has been withdrawn.Tether and Bitfinex Are In a RutNote that this doesn’t mean the lawsuit has been dropped or taken out of commission. Rather, it was withdrawn and then resubmitted through a new plaintiff in an entirely different jurisdiction.Both companies have been under fire for some time when in 2018, University of Texas finance...

Bitcoin, for the most part, has been rather bullish during the start of the new year, but there’s one cryptocurrency – Chain Link – that some sources say is doing much better.Chain Link Is Doing Quite WellBitcoin initially began the year over $7,000. It later fell back into the $6,000 range (albeit briefly) before a military drone strike in Iran by U.S. forces led bitcoin into what is considered the first bull rally the coin has experienced in roughly two months. It has been jumping by...