Will EOS Price Manage to Break Away from the Bear Momentum?

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January 28, 2020

EOS coin has been going through a lot of fluctuations in the ongoing bearish sentiment in the market. The currency was at a high then went below the baseline and now has slowly again moved in the upward direction over the past few days. The 3-month price chart indicates the price movements for the coin in the range between $2.42 – $3.91.

EOS Price Analysis

EOS coin was continually trading with huge volatility from the 3-month price trend. The price was trading at $3.6839 on November 05, 2019. It fell further to $2.4572 on November 25, 2019, showing a huge downward movement of 32.78%. Then on December 08, 2019, the price went up to $2.7633 by 12.19% hike.

With the bear pressure looming large over the currency, the price of EOS again fell to $2.4255 on January 02, 2020. The price of EOS is trying to get back to its stable upward momentum, as witnessed by the massive price upsurge to the extent of 61.23% on January 17, 2020, when it rallied to $3.91065.

Today, at the time of writing, the coin was trading at $4.0625. It needs to be now seen whether the price of EOS will be able to maintain this upward momentum or reverse the trend in the upcoming days.

The EOS price has been trying to get out of the bear momentum. The past few days have brought some respite from the bear pressure. Analysts are expecting the currency to stabilize during the year and EOS price to follow suit and regain its stable upward momentum in the near-term. Investors can continue to hold on to their investments as EOS price is expected to stabilize during the year.

Kickstart the Decade With Asia’s Biggest Disruptors at Money20/20 in Singapore

By

Marisol Contreras

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January 28, 2020

Money20/20. No, not the year 2020, but perfect 20/20 vision. As in, see into the future of money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate, and take their businesses forward.

With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes, including Douglas Feagin, President of International Business, Ant Financial Services Group; Armand Hartono, Director, PT Bank Central Asia, Tbk; Jason Thompson, CEO, OVO; Jason Gardner, Founder & CEO, Marqueta; Muhamad Fajrin Rasyid, Co-Founder & President, Bukalapak; Anubrata Biswas, MD & CEO, Airtel Payments Bank.

Grab, Stripe, Tencent, WeBank, and BigPay are also amongst the many visionaries at Money20/20 set to spark new strategies and drive the next surge of innovation. The event is set to showcase speakers from the largest cross-section of experts and influencers from Asia, who will examine challenges and opportunities unique to each country, as well as the effects of changing technology and business models, more consumer choice and shifting profit margins. They’re bold, opinionated, and not afraid to shake up the status quo.

Asia is one of the most exciting regions on the planet right now for fintech. Acknowledging its transformative role and the exciting developments it has jumpstarted, Tracey Davies, President, Money20/20, notes the need for a collaborative platform in facilitating its growth: “Asia is a diverse and dynamic region and we have seen it taking fintech forward at an unprecedented pace. Collaboration is key in accelerating fintech innovation and we are excited to create access and open opportunities for all, from the latest disruptors to the world’s largest incumbents.”

Designed and curated to empower participants with actionable, hyper-local, and profitable insights, this year’s programme will champion ten key themes, including some of the hottest disruption battlegrounds driving Asia forward: Challenger Bank and Superapp Models, Social Seamless Retail, and Payments Wars.

This year, all four content stages, 160+ exhibitors and multiple networking zones, are brought together on one floor, a new format designed to allow attendees to learn, connect, and accelerate business—at speed.

Here’s a taster of event highlights:

Startup Pitch: The next generation of disruptors and entrepreneurs will showcase their world-class products to a selection of VC judges – expect to see pitches from startups, who are pioneering new technologies and changing the trajectory of money in the region (and beyond). Applications are open until January 29.

CEO Unplugged: Debuting this year, CEO Unplugged will be Asia’s most diverse CEO programme dedicated to learning, knowledge sharing, and futureproofing. An off-the-record programme of bespoke, curated content designed to unite CEOs from across the industry.

Rise Up: Money20/20’s global accelerator programme for women’s leadership is back and bigger than ever before, offering access to unrivalled networking, private meetings and fireside chats led by some of the region’s most prominent and inspirational female leaders.

Kickstart 2020 at Money20/20 Asia from March 24-26, 2020, in Singapore with Asia’s heavyweights, winners, and disruptors.

Visa Supports Technology Start-up Currencycloud With $80 Million Funding

By

David Pender

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January 27, 2020

Visa Supports Technology Start-up Currencycloud With $80 Million Funding

In a major breakthrough, leading financial technology start-up, Currencycloud has announced that it has raised a whopping $80 million in funding backed by Visa.

Currencycloud has been selling payment software for banks and fintech firms in a bid to process their international transactions. The start-up is based in the United Kingdom.

The company’s recent bid for funding was co-led by SAP’s venture arm Sapphire and Visa. It has also received backing from various other leading companies that may include Google, BNB Paribas, Siam Commercial Bank, and Japanese bank SBI. Soon after the deal, Visa’s treasurer Colleen Ostrowski is likely to join the start-up’s board.

Mike Laven, Currencycloud’s chief executive officer, said the firm counts Visa as a key investor. Currencycloud has inked a partnership with Visa to offer its clients access to Currencycloud’s technology, added Laven.

Currencycloud is also working with several alleged challenger banks in the UK that may include Monzo, Startling, and Revolut. And, they have earned scores of users who have been banking with them via only an app and debit card.

Laven said,

Their end-user customers, for the most part, will never see that we’re there. We’re a piece of embedded finance in the tech stack. It’s not as sexy, but it’s an incredibly good business.

Currencycloud has channelized efforts towards re-imagining how money circulates all across the world economy and pushing it into future platforms, asserted Laven in an official statement.

According to reports, the firm has reportedly raised over $140 million from investors and has already processed more than $50 billion dollars in payment ever since it came into existence.

Currencycloud’s headquarter is located in London. The firm provides 85 APIs that will include everything right from foreign exchange to inbound money collection, and multiple currency digital wallet services. Laven also revealed that as many as 350 companies began using the APIs by the end of 2019.

The decision of Visa to fund Currencycloud came immediately after the company acquired Plaid. Plaid offers APIs to connect fintech apps to individual bank accounts for $5.3 billion.

Ex-deputy Governor of PBoC: China Should Slow Down the Launch of CBDC

By

Timmy Murphy

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January 27, 2020

China Should Slow Down the Launch of CBDC

After cryptocurrency gained a lot of attention and acceptance, many tech firms and financial institutes have been vying to launch their own digital currency. Many countries are also contemplating on creating their virtual currencies; China is leading this race. China started seriously working on the plans of launching its own cryptocurrency after Facebook revealed plans to create Libra.

After a statement from Huang Qifan, vice-chairman of China’s Center for International Economic Exchanges (CCIEE), that China would be the first country to launch its own cryptocurrency; it seemed that China was racing to develop their virtual currency.

Recently, the ex-deputy governor of the People’s Bank of China, Zhu Min, suggested that the country should take an interest in the global proceedings of Libra. According to Zhu Min,

I think it’s critically important to join the discussions and take part in coordinated global regulation of Libra.

This thought was backed by the current chief economist for the Hong Kong Stock Exchange, Ba Shusong. He too believes that a multilateral institution needs to be set up to monitor digital currencies like Libra.

Almost after the announcement of Facebook’s Libra, Chinese President, Xin Jinping, advised for the development and adoption of blockchain-backed technology.

Later on, there was news that China is contemplating investing more than $2 billion by 2023 for the advancement of blockchain technology. Yet, cryptocurrencies are a forbidden topic among the regulators in China.

China is working on developing its own central bank-backed cryptocurrency. This move will throw China to a different league, way ahead of the United States, which does not support the whole concept of cryptocurrency.

Will Tezos Continue to Move Steadily in the Upward Direction?

By

Ray Buckler

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January 27, 2020

Tezos (XTZ) price is trying to get out of the bear stronghold since the beginning of the year 2020. Over the past 30 days, the price has been slowly moving in the upward range between $1.27 – $1.76 showing that XTZ has been gearing itself to fight the bear pressure.

Tezos Price Analysis

XTZ coin has been giving a good fight to the bears, as seen from the past 30 days’ movement. The price of Tezos coin started on a high note at $1.7630 on December 28, 2019. However, the coin faced a massive fall of 27.92% on January 07, 2020. After this drop, the currency started to recover, and the price reached $1.5312 by 20.35% hike. Then on January 19, the currency price went down to $1.4013 by 8.57%. On the next day, Tezos coin marked a steep hike of 22.70% and the price reached $1.7223. In the next 4 days, the price again fell to $1.4755, showing a downward swing of 14.33%. Today, the price of XTZ coin has again managed to recover at $1.5403, recovery being at 4.38%.

Tezos cryptocurrency has now shown a grit of pushing its price in the upward range over the past 30 days, even under continual bear pressure. Analysts expect the coin to prove its mettle during the year when the crypto market is expected to show more stability.

Current investors should continue to hold their investments from a long-term perspective. Day traders can continue to trade and make decent gains even under the current crypto market volatility.

XRP Price Improvement Might Invite the Rally

By

Marisol Contreras

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January 25, 2020

The crypto market has been registering downside movement in the past couple of days. The same was experienced due to the selling pressure in the market. The top coins, like Bitcoin, Ethereum, and even Ripple, were badly affected by the pressure.

Ripple cryptocurrency is currently improving and looks like it would continue to escalate for the rest of the day. In the coming days, it is speculated that the upsurge would invite the rally in the market.

XRP Price Analysis

XRP price was spotted at $0.22562 during the opening hour on yesterday. At 02:55 UTC, the price dropped to $0.21716 by 3.75%. In the next 3 hours, the coin has shown improvement and touched $0.2225. By 09:53 UTC, the coin touched $0.213 by 4.19% drop. Further, the XRP price escalated to $0.225 by 5.26%. Then, in the next 3 hours and 49 minutes, the price slipped to $0.2215. Later, Ripple crypto reflected a 1.39% hike and touched $0.2246 by 1.39%.

The closing hour brought the XRP price to $0.2218. The overall intraday movement reflected a 1.68% regression in the price. Today, Ripple price was at $0.2161 at 01:52 UTC. Later, the price improved and touched $0.2214 in the next 7 hours, but again dropped to $0.2158.

The current price of the XRP coin has breached the immediate resistance level at $0.216. The possibilities of dropping to the next support level at $0.210 are rife. The improvement in the currency takes place in a while till then; the traders recommended to keep calm. The future of the coin is likely to be flourishing. It might take some time to embark on hefty improvement.

R1: 0.227774 R2: 0.232506 R3: 0.238699

S1: 0.216849, S2: 0.210656 S3: 0.205924

Will Litecoin (LTC) Overcome Short-term Hiccups?

By

Felicia Learned

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January 24, 2020

Litecoin had started on a low note at the start of 2020 but put up a good performance after that. The price movement of the past one-day shows moderate volatility as it started the day on a high note, but the day ended with the price being pushed below the baseline. The one-day price trend showed the price of LTC moving in the range between $52 – $57.

Litecoin Price Analysis

Yesterday, LTC’s price trend shows that the bears are still in good control over the price. The currency started at a high of $56.9975 at 03:17 UTC, and gradually, it started marking downside movement and fell to $55.75 at 14:02 UTC, showing a downward variation of 3.90%. Later, Litecoin faced a slight price hike and reached $55.33 at 15:31 UTC.

With the bears being in full swing in the market, the price of LTC again fell to $52.73 by 4.70% fall at 18:09 UTC. This did not deter Litecoin price from moving up though it was still trading below the baseline to $54.59. The bears have made their strong foothold today as the price has once again been pushed in the lower range to $52.66, the downslide being to the tune of 3.53%.

Litecoin price has managed to pull itself out of the bear pressure though the past one day saw the price sliding in the downward range by the end of the day. This is a short-term trend, as predicted by Analysts. Investors need not take such short-term fluctuations into account as LTC is a coin with great potential for the long term. Day traders and short-term investors can continue to trade but by applying a cautious outlook as the crypto market is still showing a lot of volatility.

Bitcoin Cash’s Downward Momentum Takes the Price to $337

By

David Pender

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January 23, 2020

Bitcoin Cash was spotted breaching the 90-days high at $398, a few days ago. With many ups and downs, the BCH price is now dealing around $335. The possibility of upsurge is still intact and in the upcoming days, the currency price would be spotted recovering. The first quarter of the year is anticipated to bring hefty improvement. The traders interested in the coin can dig-in with a high prospect of profit.

BCH Price Analysis

Yesterday, Bitcoin Cash price moved from $342 to $338 by 1.21%. Then, in the next 4 hours, the price improved and touched $353 from $338. There was another pullback pressure that took BCH price to $339 by 3.39% drop. The coin tried to recover again, and the price increased to $346.82 by 1.94%. The coin slipped to $342 by 1.23%. The closing hour reflected a price recovery of 1.23%. The coin closed the day at $348.71. The intraday movement of Bitcoin Cash reflected a 1.65% escalation in the price. Today, the currency touched $336 at 02:11 UTC. In the next 6 hours, the price improved, and the coin touched $340 mark by 1.37% hike.

MACD indicator indicates the coin may trade upwards as the MACD line has recently crossed the signal line. There is an anticipation of upcoming price recovery. The coin is currently trading towards the next support level $333. However, the trend is likely to improve.

R1: 352.95, R2: 358.68, R3: 365.34

S1: 340.56, S2: 333.9, S3: 328.17

Aeries and Volkswagen unite for Connected Car Technology “VENTIC”

By

Marisol Contreras

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January 23, 2020

Aeries, a company dedicated to everything related to the World of Internet called “Internet of Things” now collaborates with Volkswagen forming an alliance that will work on Connected Car Technology subsequently called ‘Ventic.’

Ventic will be coming up with the new technology of the VW license System, which is supposedly to be brought into existence for all upcoming car models in 2020. Meanwhile, it was also stated by the german automaker that this joint venture is a customizable approach to Connected Car Technology.

Regarding the development, Volkswagen Information Director, Adballah Shanti said,

Being essential in vehicle communication, this platform has flexibility, allowing third party amalgamation.

The venture is in partnership of 51% and 49% by Volkswagen and Aeries respectively. The main agenda of this collaboration is to focus on brand vehicles in North America, which will later start with the launch in mid 2020.

Abdallah further added,

Our connectivity platform expands beyond remote services and vehicle safety and security. This platform has inherent flexibility which enables new business models through third party integration and is foundational for V2X communications.

Mentioned with reference to V2X technology, this platform commits to support other future capabilities too. To be precise it can bring the Car-Net system that will allow users to change access and rules. The car-net system is pre-assumed to be the brain behind everything.

There will be a unique technological platform built by Ventic which will allow the company to adapt technology in any vehicle model or region.

Furthermore, Aeries announced about its new mobility suite. This is exclusively designed to enable the automotive equipment manufacturers to post linked vehicle programs in a very short while, amidst the existing suites. To help automotive manufacturers, the suite offers a cloud-agnostic IoT product. Offering best-in-class, modular software components that are needed to post newly linked vehicle programs.

American Automotive Firm Rivian Raises $1.3 Billion in Fund Investment Round

By

Robert Hill

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December 24, 2019

American Automotive Firm Rivian Raises $1.3 Billion in Fund Investment Round

Headquartered in America, the globally leading automaker and automotive tech firm, Rivian has broadcasted the news about the closure of its highly anticipated investment round worth a whopping sum of $1.3 billion. The fundraising event was led by T. Rowe Price Associates Inc., online retail giant Amazon.com Inc., renowned automaker firm Ford Motor Company, and BlackRock, which serves as one of the world’s biggest asset management platforms.

It seems that Rivian is striving hard to give a tough competition to its ruling competitor in the field of EV manufacturing industry, Tesla Inc. The concluded funding round was the fourth initiative undertaken by the company this year and is likely to strengthen the position of Rivian in the automobile sector. The firm has not disclosed any strategically important details about the funding round to the public. However, the reports suggested that there has been no increase in the members of the board.

This investment demonstrates confidence in our team, products, technology and strategy – we are extremely excited to have the support from such strong shareholders,

stated RJ Scaringe, who serves as the honorable CEO of Rivian.

Post this crucial announcement, Rivian had pooled in $2.2 billion from worthy investors who made its value reach the mark of an approximate figure ranging between $5 billion to $7 billion. The facts were revealed by the reports furbished by the investor website, PitchBook. The firm is gearing up to launch an all-electrically managed pickup truck named R1T and R1S SUV in the later part of the approaching year 2020. The two projects will be based on a Rivian-designed “skateboard.” The highly anticipated projects will be a perfect combination of electric motor, batteries, and controls and will be capable of supporting various body styles.

The current year had been quite fruitful for Rivian as it entered into several strategically important partnerships with the biggest names of varied industrial domains. In February, the firm broke the news about a $700 million worth funding investment round, which was chaired by Amazon Inc. Later in April, the firm stated that Ford Motor Company is making an investment of $500 million in the project. Further, in September, Rivian announced its team up with Amazon to build an electric delivery van. The firms have aimed to deliver 100,000 vans in 2021.