COVID-19’s impact on the financial industry has been strong and noticeable. In fact, there are reasons to believe that COVID-19 will have a dynamic and significant impact on the world’s economic landscape, both at present and in the future. Analysts across the globe are now evaluating how COVID-19 will necessitate a large-scale re-examination of research...Read More
Wealth distribution is a tricky subject, primarily because the crisis is real and has been around for such a long time that inequality is now shockingly entrenched. Here’s a wild statistic – A little over 2,000 of the world’s billionaires possess more wealth than 60% of the planet’s population. The consequences of this broken economy...Read More
The price slowly recovers after finding small support around $4.27. The daily decrease in volume shows that bears may be around the corner. LINK/USD: Trading Volume Is Fading Away Key Resistance Levels: $4.9, $5, $5.5 Key Support Levels: $4.27, $3.9, $3.5 LINK/USD. Source: TradingView Chainlink’s performance has been quite impressive during the second quarter of...Read More
Disclaimer: The findings of the following analysis should materialize by mid-July June 2020 hasn’t been smooth sailing for XRP, the market’s fourth-largest cryptocurrency. After the dramatic decline in March, XRP peaked on 29 April after touching the price point of $0.23. Since then, however, it has been all downhill for the cryptocurrency. In the month...Read More
Over the past few weeks, Ethereum has undergone several major downside corrections. Along with its peer altcoins, Ethereum too noted a rather flat month, with respect to price action. However, that hasn’t been the case when several other on-chain metrics are taken into consideration. In a recent development for the world’s largest altcoin, Ethereum noted...Read More
The veteran decentralized betting platform Augur will launch the second version of its project on the Ethereum mainnet on July 28th, 2020. The current REP token will be renamed, and upon the launch of Augur v2, the company will introduce a new coin as well. Augur v2 Arrives In Late July As CryptoPotato reported in...Read More
XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175. A break beneath $0.175 would result in XRP unwinding toward the $0.15 level. Against Bitcoin, the disaster continues as it created fresh lows beneath 1950 SAT. Key Support & Resistance Levels XRP/USD:Support: $0.175, $0.171, $0.165.Resistance: $0.185, $0.192,...Read More
After noting a series of pullbacks over the past week after Bitcoin fell, many of the market’s alts, again closely following the king coin’s price movements, appeared to be consolidating, at the time of writing, with the collective market cap rising to $260.3 billion. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin enjoyed a rather flat...Read More
Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator. Wirecard AG’s Stock Price Roller-Coster The company’s drama...Read More
HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman. Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO...Read More
[Featured Content] Guarda was officially registered in the European Union back in 2017 and has been focusing on building an ecosystem of blockchain-related products ever since. The company has an FIU license under the registration number FVR000109 for virtual currency against fiat currency exchange, and it’s compliant with the regulations of each jurisdiction where it...Read More
Bitcoin investors have been on an accumulation spree for quite some time now. Leading up to the halving, investors, both retail and institutional, were HODling the world’s largest cryptocurrency. While the third supply cut event did not contribute to any wild swings in the price market, the following month also saw flat movement. Interestingly, during...Read More
Bitcoin has taken the world by storm. It has been more than a decade since the world’s premier cryptocurrency first came into existence and since then the technology around it has substantially advanced and evolved with the rapidly changing world. Over the years there has been a significant increase in the market participants as well....Read More
The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography. It was an international investigation on a dark-web case where people used cryptocurrency to pay for illegal content. Scheme Busted Through Cryptocurrency Payments According to a recent report, police in Spain had detected the alleged...Read More
Bitcoin’s market has recovered well from its fall a few days ago, a fall during which the price of the world’s largest cryptocurrency plunged below its support levels and even below $8900. As is almost always the case, the altcoin market followed suit, with many of them on the path to recovery too, at press...Read More
The UK Financial Conduct Authority (FCA) has allowed Wirecard UK to resume payment services. Consequently, the companies handling cryptocurrency debit cards resumed their issuance. Wirecard UK Resumes Regulated Activity Following the missing $2.1 billion of company funds and Wirecard filing for insolvency, the UK FCA, which authorizes and supervises its subsidiary Wirecard Card Solutions, suspended...Read More
In what is yet another example of the COVID-19 pandemic taking a toll on not just people, but businesses, including crypto-companies and entities, noted Australian crypto-exchange, Tagz, has announced that it will be ceasing operations by the end of next month. This development comes on the back of a few other crypto-exchanges shutting down this...Read More
Disclaimer: The conclusions of the following article attempt to foresee Ethereum’s price movement, leading up to a potential breakout in the first week of July. Ethereum noted a sharp decline in value over the past week, a decline that followed a brief upswing that saw the token going close to $250. The latest pullback in...Read More
If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20...Read More
During the past two days, the Bitcoin price was trading under a tight range between $9000 and $9200. This untypical stability by Bitcoin is just showing how indecisive the primary cryptocurrency is. What is for sure is that a wild price move is likely to take place over the next few days. Following the Saturday’s...Read More
Since HDR’s inception just over five years ago, the company has grown and developed dramatically, and through the BitMEX platform, we’re well recognised as a fast-growing and pioneering financial technology company. With an eye for the long-term growth, development and success of the company, we are always looking to attract brilliant people to join our...Read More
