Day: October 29, 2020

Blockchain Bites: Coinbase’s Card, Avanti’s Approval, FTX’s Fractional Stocks

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FTX is now offering a tokenized way to trade fractions of stocks. Coinbase predicts its consumer-directed debit card to hit shelves next year. Caitlin Long’s Avanti bank is in line to become the second “crypto bank.” Top shelf Fractional offeringYou can now trade high-demand stocks like Tesla, Apple and Amazon, represented by tokens, on the FTX derivatives exchange. Through its fractional stocks offering, 12 equity and cryptocurrency pairs will be offered, allowing users to trade tokenized fractions of stocks (seemingly up to half a stock at a time) against bitcoin and stablecoins, CoinDesk’s Sebastian…

LVMH and Tiffany Finally Bows Down on $16 Billion Takeover

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LVMH has now decided to settle for a less in its acquisition of Tiffany & Co, ending a bitter dispute that the COVID-19 pandemic triggered. Today, LVMH, the world’s leading luxury products group, and Tiffany & Co (NYSE: TIF), the global luxury jeweler, agreed to salvage the luxury sector’s biggest-ever deal through modifying certain terms contained in their initial “Merger Agreement.” In a statement that the companies issued on Thursday, the new takeover price has been revised down from its original $135 value to now $131.5 per share. Therefore, out of…

Ethereum Must Show Strength Now or Else It Could Face a Dire 10%+ Decline

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Ethereum and the entire crypto market have struggled to gain any serious momentum as of late, with BTC’s rejection at $13,800 striking a blow to the aggregated market. The waning momentum has been particularly impactful for Ethereum, as it has compounded the weakness that has come about due to its severe underperformance seen as of late. Bitcoin is beginning to show some signs of strength, however, as it is currently in the process of pushing towards $13,300 following a decline to lows of $12,800 yesterday around this time. This could…

U.S. Weekly Jobless Claims Drops by 40k to 751,000

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Although there was a notable decline in jobless claims in the United States, those people who expected to receive a stimulus payment before the elections were frustrated after the lawmakers failed to make a deal on it. The number of United States citizens who applied for jobless claims this week dropped by 40,000 to approximately 751,000, according to government data released on Thursday. This is the lowest figure recorded since March indicating the market is opening up slowly. Besides, it is the fourth consecutive decline reported by the relevant government…

Casa Rolls Out ‘Bank-to-Wallet’ Bitcoin-Buying Services for US Customers

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Cryptocurrency custody platform Casa’s users can now purchase bitcoin (BTC) on the platform using their bank account.  The platform announced on Thursday that it is currently rolling out the service for its U.S. customers, and that the bought BTC would be directly deposited to a user’s wallet. Casa said users can buy a maximum of  $20,000 worth of bitcoin per month using this service and that platform levies a fee of 0.99% on every purchase. Original

Moderna Releases Q3 Earnings As Activity Gears Up To Meet Demand

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Massachusetts-Based biotechnology company Moderna Inc (NASDAQ: MRNA), one of the top pharmaceutical companies in search of a COVID-19 vaccine, has released its Q3 financial earnings while confirming its preparations to meet up with the expected surge in demand for its vaccine once approved. According to a report by CNBC, Moderna has amassed about US$1.1 billion from interested world governments including the United States of America, countries in the Middle East, and other parts of the world. Moderna Inc (NASDAQ: MRNA) is also currently in talks with the World Health Organization-backed…

FTX Derivatives Exchange Unveils Stocks Trading Pairs With Crypto

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FTX cryptocurrency derivatives exchange has unveiled a new offering to its customers involving the ability to trade top Wall Street stocks against a limited array of digital currencies. According to Coindesk, FTX exchange has launched Bitcoin (BTC), Tether (USDT), and other digital currencies trading pairs with the digitized token versions of Tesla Inc (NASDAQ: TSLA), Amazon.com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Facebook Inc (NASDAQ: FB)  as well as other publicly traded stocks. Describing it as the very first of its kind, FTX exchange customers can sign up or…

Bitcoin Price & Technical Analysis: BTC Rate Keeps Growing

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On Thursday, October 29th, the BTC keeps growing, generally trading at $13,184 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD The producing power of the BTC network keeps falling. The BTC is still considered a bubble. On W1, the BTC keeps developing an uptrend, currently testing 100.0% Fibo. The aim of the correction is 61.8%. At the same time, the MACD histogram is positive, supporting further growth of the asset. The signal lines of the indicator keep intertwining upon forming a Black Cross, increasing the chances for…

Up or down? These Bitcoin price levels hint at the next move from $13K

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Bitcoin (BTC) price has had a tremendous month as the price rallied from $10,500 to $13,800. However, in recent days, momentum is slowing amid rising coronavirus fears. Bitcoin’s price dropped from $13,800 to $12,900 on Oct. 28, making the recent breakout a fakeout. Alongside a correction on the cryptomarkets, the equity and commodity markets also showed weakness. As the S&P retraced 4% on Wednesday, Silver also corrected 6%. The only asset doing relatively well was the U.S. Dollar Currency Index (DXY). In other words, investors are flying towards the USD…

CZ: Why the Days of Centralized Exchanges Are Numbered

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DeFi, or decentralized finance, finally found its footing this year, with numerous DeFi tokens and protocols gaining widespread traction amongst crypto users. Powered by smart contract technology, innovations like yield farming have allowed everyday users to earn unprecedented interest on their crypto assets.  DeFi is booming, and today the market is filled with all kinds of borrowing and lending protocols, many of which compete with one another on the basis of providing users with meteoric yields. It’s not uncommon to see protocols advertising double or triple digit interest rates –…