Celsius Network (CEL) price is trading about 115% higher in December after gaining almost 78% in November. Fundamental analysis: Audit confirms multi-billion assets Celsius Network said it completed an audit which confirmed that the crypto lending platform holds $3.3 billion in digital assets under management (DAUM). The audit, which was carried out by Chainalysis, will offer better transparency to community members and reinforce their faith in the platform, Celsius said in the announcement. Also, this is the first time that an independent company has confirmed the number of assets that Celsius holds under management, based on crypto transactions, total deposits and total withdrawal. “The conclusion of our audit is a great step in building greater trust and transparency for our members and for the industry at large. With the validation of a third-party, we’re providing additional transparency into our business, which remains one of the industry’s most reliable, secure and rewarding platforms for putting unparalleled economic freedom into the hands of the people,” Alex Mashinsky, chief executive of Celsius Network. In this audit, Chainalysis used its transaction monitoring software for the first time to track down the $7.6 billion in deposits and $4.29 billion in withdrawals. The audit confirmed
The South Korean automaker has confirmed it is in talks with Apple over an electric car and battery deal Two firms are discussing the production of self-driving cars and batteries by 2027 in the US-based factories Hyundai stock price initially gained about 25% on the Apple news before pulling back to close +19.42% Shares of Hyundai (KRX: 005380) soared 25% on the news that the South Korean automaker was in early discussions with Apple over an electric car and battery deal. Fundamental analysis: Talks confirmed The news comes a few weeks after reports about Apple’s plan to expand into self-driving car technology and production of a car that could run on its own battery technology in 2024. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. According to Reuters, Apple and Hyundai held talks about collaborating on the production of self-driving cars and batteries by 2027 in the US-based factories. “Apple and Hyundai are in discussion, but as it is early stage, nothing has been decided,” Hyundai said. Later, Hyundai said “getting requests for cooperation on joint development of autonomous electric vehicles from various companies”, without disclosing names of the
Ethereum’s (ETH) price is experiencing a pullback towards the $1,103 support level as a result of Bitcoin’s recent dip. But is the second-largest cryptocurrency by market cap a good buy at the moment? Fundamental analysis: whales buying discounted Ether Ethereum’s current fundamental outlook is considered as fairly bullish, especially with more analysts coming out with multi-thousand dollar price projections. On top of that, Ethereum’s use as a platform has expanded greatly, and new well thought out projects are coming out to the public more often than before. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Recent analyses have shown that, as long as Ether stays above the $908mark, the cryptocurrency will remain bullish. Additionally, institutional investors and ETH “whales” are taking price corrections such as the most recent one to accumulate more Ether at a discounted price. ETH managed to lost 8.33% week-over-week. BTC scored a loss of 6.40% in the same period, slightly outperforming ETH in the past week. At the time of writing, ETH is trading for $1,153, representing a price increase of 83.58% when compared to the previous month’s value. Ethereum is the second-largest cryptocurrency by market cap, with a current total market value of $130.2 billion. ETH/USD technical analysis: Ethereum’s downside is well-guarded Ethereum (ETH) has managed to find strong resistance in the $908 support level and the 21-day exponential moving average, which prompted another leg up caused by the bulls buying ETH at a discount. The
