Latest Market News
A survey conducted by Mizuho Securities which suggests that around 10% of the $380 billion the United States will be spending on direct stimulus checks could be invested into stocks and Bitcoin. The survey included 235 people with a household income under $150,000.
The price o XRP saw a strong 7.3% price surge today, allowing the cryptocurrency to reach the current $0.471 level. It had surged higher above the $0.5 level earlier in the day but has since dropped lower.
BitMEX co-founder Ben Delo has reportedly surrendered to U.S. authorities and appeared remotely before U.S. Magistrate Judge Sarah L. Cave. According to a Bloomberg report, Delo pleaded not guilty, was released on a $20 million bail and allowed to return to the United Kingdom.
Bitcoin had an interesting weekend in which it managed to break the previous ATH price and set a new one above $60,000. However, with regulation moving to ban cryptocurrency in India, there has been a sharp drop-off in the price - causing it to dip beneath $60,00 again.
Uniswap, the most popular decentralized exchange on Ethereum, has created a lot of hype at the beginning of this month as the crypto community was in high anticipation of a potential V3 upgrade announcement. The Uniswap team plans to roll out a major upgrade in 2021.
Bitcoin is down by a precipitous 8% over the past 24 hours as it falls into the $55,500 level. The cryptocurrency saw a strong performance over the weekend in which it managed to create a fresh ATH price at $61,788. It ran into resistance at $61,192 and ended up closing the daily candle there.
The FTX cryptocurrency exchange is reportedly in talks with the Miami-Dade County to rename American Airlines, the home arena of the Miami Heat NBA franchise, to FTX Arena.
As we move through the third month of the year, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
TRON Founder Justin Sun says that he placed a $60 million bid, only to lose the auction to a higher bid in the last few seconds.
Major cryptocurrency exchange Binance is reportedly being investigated by U.S. regulator Commodity Futures Trading Commission (CFTC). According to Bloomberg, the investigation is trying to determine whether U.S. traders were allowed to trade derivatives on the exchange.
