XRP jumped above $0.58 for the first time since 17 December 2020 after the Reddit-based XRP Pump discussions increased significantly during the last few days. XRP is now the third most valuable cryptocurrency in the world with a market cap of more than $26 billion. The digital currency caught the attention of r/SatoshiStreetBets, a crypto-focused Reddit group. The group started […]

Ethereum struggled to clear the $1,400 resistance and declined to $1,275 against the US Dollar. ETH price is struggling, but it could recover once there is a clear break above $1,350. Ethereum topped near the $1,375 level before dropping back to $1,275. The price is now trading below the $1,350 pivot level and the 100 hourly simple moving average. There […]

Edgewater Markets, a leading FX technology solutions provider, announced today that it has launched EdgeFXAsia to eliminate major latency issues for regional clients. EdgeFXAsia is powered by the company’s ultra-low latency proprietary technology. According to the official press release shared exclusively with Finance Magnates, the company is expanding its regional presence to help clients connect locally to trade. The latest […]

Bitcoin and crypto Twitter has been ablaze over the past few weeks as Mark Cuban, a billionaire investor, has continued to dabble in the space. Cuban is best known for his role as a Shark on “Shark Tank” and as the owner of the Dallas Mavericks. The American investor recently started to increase his exposure to the Bitcoin space, at […]

Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions. According to a Wall Street Journal report, the hedge fund has a little more than $8 billion in assets at the end of January, which includes a $2.75 billion investment from Citadel and Point72 Asset […]

Bitcoin has witnessed some massive selling pressure throughout the past day that has erased all the gains that came about as a result of the “Elon Musk” pump a few days ago The selling pressure seen has come from a combination of spot and derivatives, with investors generally going risk-off It remains unclear what the cause of this could be, […]

Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency. In the court document filed on Jan. 29, Ripple claims that XRP […]

Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means of exchange.” Digital Gold Segment In an earnings call with analysts, Kelly opines that due […]

EOS has been trading marginally in a confirmed range. Presently, the coin is falling after testing the resistance at $3.0. Since January 12, the altcoin has been consolidating above the lower price range and below the SMAs. Yesterday, the price broke above the SMAs and resumed an upward move. The upward move was interrupted at the $3.0 resistance. A retest […]