OneConnect Gives Details for its IPO Valued at $468M

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing about 36 million American Depositary Shares (ADS) at around…

Bitcoin & Crypto Market Turn Red Again: BCH, XLM, EOS, TRX Analysis

The total crypto market cap jumped from $188.0B, but it failed to stay above $200.0B. Bitcoin price rally above the $7,500 level was completely reversed. BCH price is somehow holding the key $205 and $200 support levels. EOS price is facing a strong resistance near the $2.700 area. Stellar (XLM) price could continue to move down towards the main $0.0500 support area. Tron (TRX) price is down 2% and it is approaching the $0.0140 support area. Bitcoin (BTC) and the crypto market cap are resuming their downtrend. Ethereum (ETH), BCH,…

SoftBank Leads $30M Round for Cashierless Stores Startup Accel Robotics

Now, we all know SoftBank for its “unicorn status” investment decisions and so it shouldn’t come as a surprise to many that the investment giant has participated in a Series A round of funding for Accel Robotics which is a San Diego-based startup that has been involved in the cashierless space for a bit now. The funding round also attracted other investors including Toyo Kanetsu Corporate Venture Investment Partnership, RevTech Ventures and New Ground Ventures. Accel Robotics and other technology startups have been looking into the various means and methods…

Ripple (XRP) Price Remains In Downtrend, BTC & ETH Down 3%

Ripple price is declining and it is now trading below the $0.2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0.2000. This week’s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also traded below the key $145 support and it could retest $135. Ripple price is showing signs of further losses against the US Dollar and bitcoin. XRP price is likely to…

Bitcoin Price Sits on $7K, Gathers Steam for Upward Move

Bitcoin Price Sits on $7K, Gathers Steam for Upward Move December 2, 2019 by Ramiro Burgos After taking another disappointing hit last week, the bitcoin price has settled again around the $7,000 USD mark. What sort of prompt could move it up or down from there? Read our weekly technical analysis to find out. Also read: Bitcoin Price Is Now Below $7K – What Does It Mean? Bitcoin Price Technical Analysis Long-Term Analysis The bitcoin price has gone lateral again, recognizing the ascending curve of a Rounded Bottom Formation at…

Ethereum (ETH) Setting For Breakout or Further Decline?

Ethereum is holding the key $145 support area and recovering against the US Dollar. The price is currently facing a strong resistance near the $152 area. Earlier, there was a break above a major bearish trend line with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken). The price remains well bid, but it might struggle to climb further above $152 and $155. Ethereum price is facing an uphill task versus the US Dollar and bitcoin. ETH price must break the $152 and $155 resistance levels…

Ethereum Price Weekly Forecast: ETH At Potentially Significant Turning Point

ETH price is currently trimming gains from the $158 resistance area against the US Dollar. The price is now approaching a couple of important supports near the $144 area. Earlier, there was a break above a major bearish trend line with resistance near $152 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is above the $142 support area. Ethereum price is approaching a crucial support area against the US Dollar, similar to bitcoin. ETH price must hold…

Ripple (XRP) Price Uptrend Intact For This Reason

Ripple price is trading above a couple of important supports near $0.2200 against the US dollar. The price is facing a major hurdle near the $0.2280 and $0.2350 resistance levels. Yesterday’s highlighted major ascending channel is intact with support near $0.2230 on the hourly chart of the XRP/USD pair (data source from Kraken). The bulls are likely to remain in action unless the price breaks the $0.2200 support area. Ripple price is showing a lot of positive signs against the US Dollar, and bitcoin is above $7,500. XRP price could…

Ethereum (ETH) Could Make Sustained Move Higher

Ethereum is still facing resistance near the $155 and $156 levels levels against the US Dollar. The price is likely to make a sustained move higher once it breaks the $156 resistance. There is a key declining channel forming or a bullish flag with resistance near $154 on the hourly chart of ETH/USD (data feed via Kraken). The price could start a fresh decline only if it settles below the $142 support area. Ethereum price is consolidating gains above key supports versus the US Dollar, similar to bitcoin. ETH price…

Crypto Market & Bitcoin Smash Resistance: BNB, BCH, LTC, EOS Analysis

The total crypto market cap broke a major resistance area near the $188.0B level. Bitcoin price is up more than 5% and it broke the $7,400 resistance area. Litecoin (LTC) price is slowly rising towards the $48.50 and $49.20 resistance levels. BCH price is rising and it managed to climb above the $220 resistance area. EOS price is now trading nicely above $2.500 and it might soon test $2.850. Binance coin (BNB) is back above $16.00 and it could continue to rise above $16.50. Bitcoin (BTC) and the crypto market…