Tag Archives: News

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

By Dmitriy Gurkovskiy, author of RoboForex Blog.ETH/USD tech analysisETH outplayed the BTC in the new crypto ratingIstanbul hardfork did not influence the ETH priceOn W1, the situation remains the same: the market is forming a descending impulse to the minimum of $80.86. In a longer perspective, the main goal of the predominant trend should be the psychological minimum $10.0.On the MACD and Stochastic, further decline is also confirmed. However, care should be taken on the market and all...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...

Shares of now pretty infamous exercise equipment company Peloton have been sinking lower this month, after in November just before the holidays they’ve witnessed a 48% bounce. This high-end fitness specialist had a great IPO and broke through it in October. However, this success hasn’t continued in December and most of its failure can be thanked – to a commercial. I guess we’ve all seen it, the commercial where already slender “wife” gets a Christmas present form her husband and she then...

Upvest has successfully raised €7 million (about $7.8 million) in a recently concluded Series A funding round. The startup is based in Germany and is focused on tokenizing financial assets on a blockchain for companies who need to.According to a report from The Block, the startup plans to use the funds it just raised to accommodate the expansion of its blockchain API (application programming interface) so that the platform can do more tokenization for more kinds of companies including private...

Saudi oil giant Aramco has achieved the target valuation goal of $2 trillion in the second day of trading. Sources indicate that shares reached Crown Prince Mohammed Bin Salman’s target briefly humped by 10% to 38.7 riyals but it returned to previous levels of 37 riyals as the market opened. Pundits had long since been skeptical about the feasibility of the Saudi Aramco IPO before now. Sources further indicate that about 1.5% of the total value of the state-owned oil giant was listed earlier...

EOS price is declining and it recently traded below the $2.620 support against the US Dollar.The price is now trading above the $2.500 and $2.520 support levels.There is a major bearish trend line forming with resistance near $2.720 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could struggle to stay above $2.500 and it might test the $2.360 support.EOS price is slowly moving into a bearish zone against the US Dollar and bitcoin. The price is likely to struggle...

BestChange.com, an e-money exchange service, is constantly working on facilitating the process for exchange virtual digital currencies online. One of the most popular features for traders that the platform offers is an opportunity to buy BTC tokens against Visa/Mastercard EUR.On its website, BestChange has mentioned a list of exchanges offering these services to customers. One of the key features of the platform is the fast monitoring of real-time prices for electronic currencies. Moreover,...

As the year is coming to an end, the Android community seems to be more and more eager for the upcoming Samsung Galaxy S11, and we already have plenty of details about it as well.The implied design of the new phone has, of course, already leaked, with some of them even claiming that there might be five different S11 versions, including Galaxy S11e and Plus flavors. The look will be similar but camera systems on the back should be different.What we officially know is that Snapdragon 865...