Bitcoin crawled back to the $11,000 level after struggling for direction on pulling back from a one-year high of $12,400 in August. However, the flagship cryptocurrency is struggling to hold on to gains above the $11,000 handle as a resurgent dollar continues to curtail any upside gains. Bitcoin Pull Back Fuelling doubts of further upside
Cryptocurrency
Cryptocurrency mainstream adoption is gaining traction going by recent developments in the burgeoning sector. Bahamas is the latest country to affirm a strong interest in the blockchain revolution with plans to launch a national cryptocurrency. Bahamas National Cryptocurrency The Caribbean island nation has confirmed plans to launch a central bank-issued cryptocurrency in October. Sand Dollars
Strong demand for cloud-computing offerings amid the work-from-home spectacle is poised to give rise to one of the biggest Initial Public Offerings, in one of the most challenging market environments. Cloud storage software maker, Snowflake is planning to go public as it looks to take advantage of investors pouring money into the cloud market. Snowflake
Bitcoin has struggled to show any distinctive price movement after coming under pressure above the $12,000 level. The flagship crypto has come down tumbling and clinging on to support slightly above the $10,000 level. The sell-off came at the backdrop of the U.S Dollar strengthening across the board after crushing in the past few months.
Cryptocurrency mainstream adoption is gaining traction. An influx of institutional investors in the nascent field continues to accelerate adoption. Likewise, Mode Global Holdings is planning to go public, banking on the growing demand for crypto-focused investments in the market. Mode Global Holdings IPO The Bitcoin banking app is to go public as a part of
India Prime Minister Narendra Modi is the latest high profile personality to fall victim of a spike in hacking incidences on Twitter. In the recent past, security breaches have targeted the most powerful in the world as part of a new wave of cryptocurrency scams looking to scam people of Bitcoin holding. India Prime Minister
Bitcoin is one of the best performing alternative asset classes giving the stock market a race for its money. A 30% plus rally since the start of the year attests to strong demand for the flagship cryptocurrency that is increasingly arousing institutional investors’ interest. Buoyed by the digital asset strong demand, Fidelity Investment is reportedly
London-based Railsbank is in the process of completing the acquisition of crypto and fiat currency payment provider Wirex. With the acquisition, Railsbank will assume the role of issuing all Wirex Visa cards for Asia pacific customers. Railsbank-Wirex Merger Part of the plan also involves Railsbank quietly migrating Wirex existing cards to its technology in the
Bitcoin has been on an impressive run gaining more than 30% since the start of the year as it continues to flirt with one-year highs of two one-year highs of 11,800. However, its hefty price is no longer the talk of the cryptocurrency space, a mantle it has held for years. Decentralized Finance (DeFi) token,
Cryptocurrency popularity continues to grow by the day worldwide, as people and authorities come to terms with how the new spectacle is changing the way people live and various operations. Likewise, cryptocurrency mainstream adoption is no longer a question of whether, but when. Russia has already set the pace on what cryptocurrency can be used
Bitcoin finding support above the $10,000 level echoes the bull-run experienced in 2017. According to Cointelegraph analyst filbfilb, the flagship cryptocurrency has what it takes to edge higher as it remains supported above the 20-week moving average. Bitcoin Outlook The cryptocurrency has been on a tear in 2020, in response to developments around the scene
Facebook Inc. (NASDAQ:FB) made a name for itself in the social networking space. The tech giant is now looking to stretch its tentacles into the financial sector in pursuit of growth opportunities. The formation of a new team dedicated to payments and commercial initiatives underscores how the company remains serious about pursuing social commerce in
Bitcoin resumed its upward momentum, rallying by more than 5% to one-year highs above the $11,800 level. The flagship cryptocurrency is closing in on the $12,000 milestone, a level that the altcoin has not traded above for a year. Hedge Against Inflation The rally comes at the backdrop of Bitcoin mania surging as the flagship
There is good news for Latin America crypto users following Tauros.io cryptocurrency exchange’s partnership with Dash to launch Visa cryptocurrency debit cards. Initially, the Visa crypto debit cards will be available to Mexican users only. New crypto Visa debit card in Mexico Latin America has been leading in championing the adoption of cryptocurrency, and it
Bitcoin price has more than tripled after imploding in March. The flagship cryptocurrency has retaken the $11,000 threshold at the back of renewed investor interest. The surge in price has coincided with a decline in Bitcoin balances held in major crypto exchanges. Bitcoin Strong demand Bitcoin balances in crypto exchanges have dropped to levels not
Gold has been on a tear in recent months, touching records highs and showing signs of powering through the psychological $2,000 level. The meteoric rise has come at the backdrop of growing economic uncertainty amid the COVID-19 pandemic. While the focus has been on the bullion, Bitcoin and other cryptocurrencies have also rallied as investors
The Nasdaq found itself closing the week 0.9% lower on Friday, while the Dow Jones and S&P 500 both dipped 0.6% as we headed into the weekend. The Stoxx Europe 600 Index declined 1.7% to 367.29, which is the lowest in more than a week on the biggest drop in four weeks. Gold topped $1900
The Office of the Comptroller of Currency has set the stage for cryptocurrency mainstream adoption in the U.S. In a public letter, the department has made it clear that national banks across the country can hold onto cryptographic keys for cryptocurrency wallets paving the way for banks to start holding digital assets for clients. Banks
Tether (USDT) has seen its market capitalization surge to over $10 billion as the most trusted and liquid stablecoin continues to experience substantial growth. Following the surge, the stablecoin has cemented its position in the industry as the third-largest crypto by market cap surpassing XRP. Tether is the third-largest crypto by market cap The announcement
Twitter’s biggest security breach that targeted high-profile accounts belonging to the likes of Bill Gates, Elon Musk, and Barrack Obama, was not the work of a sophisticated hacking group. Instead, it started as a prank between a group of teenagers who used the opportunity to scam users out of thousands of dollars worth of Bitcoin’s.
A pretty flat Friday in the markets as we head into the weekend. The Dow Jones slipped 0.2%, the Nasdaq was up 0.3%, and the S&P 500 also saw 0.3% gains. The Nasdaq was the only major market to close in the red this week. Tech stocks remained skittish on Friday following a missed earnings
Twitter’s vulnerability was yet gain laid bare as a number of high profile twitter account fell in the hands of hackers who ended up propagating a Bitcoin giveaway scam. While most people are increasingly blaming Bitcoin, the social networking giant also has some blame to bear given the way the hackers were able to access
Today we’ll consider the extended tax deadline edition… The middle of the week kept the market’s spirits high. The S&P 500 and the Dow Jones were both up 0.9%, while the Nasdaq was up 0.5%, while the small-cap stock index, the Russell 2000, decided today was the time to climb. It grew 3.5% for the
Dogecoin has taken the cryptocurrency space by storm, exploding by over 100%, with trading volumes spiking by more than 2000%. A spike on huge volume stems from a viral Tik Tok challenge, urging traders to take the meme-based cryptocurrency price above the $1 mark. Tik Tok Price Pumping It all started with Tik Tok user
China imposing Hong Kong Security Bill 2020 and the U.S retaliating with a new sanction bill is a tailwind that threatens U.S companies’ operations in the former British colony. The security law has already had its first casualty, ByteDance, has announced it is ending support for video service TikTok in Hong Kong. Hong Kong National
Today saw the Dow Jones rise 0.7%, the S&P 500 went up 0.8%, and the NASDAQ saw gains of 1.2% and put it on the books for a record high day at 10,492.50. Speaking of records, Apple also saw 2.3% gains to close the day at a record high of $381.37 after Deutsche Bank analysts
Many industries in the United States have been negatively affected by the global pandemic Covid19. Is cryptocurrency one of those struggling industries, or has it shone through and thrived during the chaos? The digital world has allowed many of us to take to our home computers and work away from the office. The same principle
Stocks fell on Wednesday, as investors heard from the Federal Reserve about their updated financial policy. The Dow Jones dropped by 0.69, the S&P 500 by 0.53, and the NASDAQ by 1.04. The Federal Reserve released its latest policy statement today. Interest rates are to remain unchanged at their range of 0% – 0.25%, as
Major indexes climbed Monday, carrying on last week’s rally. The Dow Jones increased by 1.70%, the NASDAQ by 1.13%, and the S&P 500 by 1.20%. CNBC’s Jim Cramer, the host of Mad Money, spoke Monday about the positive turn of the economy. He believes that the stock market is climbing too quickly as compared to
The role of a financial advisor means many different things. Advisors take on the responsibility of guiding their clients through building an asset portfolio, helping them improve their personal financial situation, and being available as a lifeline in the event that things are crashing down in their lives. Advisors are often seen as a fix-all
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