Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of several digital assets, there are patterns in favor of growth.
Is Amazon (AMZN) stock still the king of the markets? Only time will tell us as the world goes topsy-turvy due to COVID-19.
Because of COVID-19, consumer demand for advertising (30% to 45% of Facebook’s total revenue) has fallen. Facebook (FB) stock has also suffered. Today, it has opened at $158.92.
While Apple stock has corrected nearly 32% in just the last month, analysts point out at its strong fundamentals and multiple revenue streams and say it is a good bet at the existing valuations.
Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.
Ethereum network co-founder and the brilliant mind Vitalik Buterin claims it’s a shame that the community still has to rely on ‘trusted’ parties to send Bitcoin value to Ethereum and back. He offers to change this using the Uniswap-alike decentralized solution.
Binance CEO was always bullish on Bitcoin. This time he claims that the Bitcoin market cap can reach $2 trillion soon. This makes 1 BTC worth $100,000.
Virgin Galactic Holding Inc (SPCE) shares rose by $3.35, approximately 25.83% yesterday. The rise is attributed to the positive rating by Morgan Stanley analyst Adam Jonas.
Bitcoin price is heading towards $6,800 levels, as the U.S. stock market awaits $2 trillion help from the government. The American economy is at the free fall, but the quick and efficient measures like the stimulus package and medical care are saving lives and stock markets.
After the FED, Treasury and key persons in the American government made a hefty of clean, effective moves, the stock market looks much better.
Microsoft (MSFT) is a promising stock to invest in now. Over the last four quarters, the company’s earnings growth has been impressive, ranging from 20% to 37%.
It was a relief to the Dow Jones and the stock market at large when the White House and the Senate agreed on a deal regarding the coronavirus stimulus bill.
The court said that since Telegram was planning to sell its TON tokens in the secondary markets, they shall be categorized as unregistered securities under the Howey Test.
According to Bill Gates, COVID-19 is disastrous for the U.S. economy. In the situation given, people have to maintain the coronavirus shutdown of 6-10 weeks.
The World Health Organization (WHO) is set to create a hackathon to help combat the effects of the coronavirus. Facebook, Microsoft and other tech giants are said to join.