Sea Ltd (SE) stock has become the fastest-growing high-cap investment on Wall Street after posting impressive 18 months gains of 880%.
The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.
On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.
Bitcoin has been stable during the economic crisis. According to crypto economy expert Renato Rodríguez, this digital asset could be a solid solution to face the 2020 crisis.
MicroStrategy is set to inject part of its excess $250 million liquidity into Bitcoin, losing faith in the long-term benefits of the U.S. dollar.
Ongoing developments in the cryptocurrency space have made this industry more appealing to investors. Finding the hidden gems in the space can give users a chance to unlock tremendous profit potential. Interoperability is the next big trend worth keeping an eye on.
Samsung announced its new gadgets. In the list, there are phones, a new smartwatch, two tablets that are similar in size to Apple’s newly refreshed iPad Pros and new noise-canceling earbuds that will compete with Apple’s AirPods Pro at a lower price.
According to Pompliano, Bitcoin already represents a digital version of gold. Comparing gold and Bitcoin markets, Pompliano noted that the later will eventually become a bigger one.
In Q2 2020, over 28 mega deals took place with each valued at over $100 million a majority of them happening only in June. The massive growth of the e-commerce industry has also helped FinTech startups in the way.
If the deal goes through, Microsoft would have one year to transfer TikTok’s 15 million code lines to the U.S.
The South Korea tech giant Samsung has made some big announcements including Galaxy Note 20, Note 20 Ultra and Galaxy Z Fold 2.
Embattled German airline Deutsche Lufthansa AG reported a Q2 earnings loss of EUR 1.5 billion. LHA stock is up today.
The U.S. government has reached a deal with Johnson & Johnson to secure 100 million doses of its experimental coronavirus vaccine. JNJ stock is up.
Few charts to consider if you are ready to invest.
Bloomberg suggests that Bitcoin price is sixfold that of gold per ounce. It further cited that Bitcoin is undervalued under prevailing conditions.