Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Zoom Video Communications is one of the winners in coronavirus time. On Monday, ZM stock skyrocketed by 22.22% to reach $159.56.
The FED’s Jerome Powell and Secretary of Treasury Steven Mnuchin announced insane stock buyout. They want to support the economy to deliver relief to small businesses. They implement a zero rate on repo operations to make sure the bank has short-term funding.
On Monday, the Dow Jones corrected another 3% falling 600 odd points and reaching close to 18,500 levels. Another bill passed by the U.S. lawmakers failed to get the Senate clearance. On the other hand, the Federal Reserve has announced a strong stimulus to support the ailing economy.
The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.
Toilet Paper Calculator websites flourish, while the supply chains barely digest increased demand. Want to calculate how much paper you need for the quarantine? You have a couple of websites for that and a ton of companies ready to provide the stock.
The Xiaomi Redmi Note 9s is a phone for all times and seasons. It is a good choice for everyone, especially now when there is a special offer for early birds.
Tesla (TSLA) stock is in the green now. Tesla, GM, and Ford have been given the go-ahead to ramp up the production of ventilators used in the treatment of coronavirus patients.
While Google is working on its COVID-19 website, Alphabet (GOOGL) stock is trading in the red. Now its price is around $1036 per share.
Johnson & Johnson (NYSE: JNJ) stock lost 5.64% on Friday and is 2.33% down today. The company’s CEO Alex Gorsky reassured that the company will have important data by the end of the year to offer a coronavirus vaccine.
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.
The Z/Yen Group Limited recently took legal action against a blockchain developer, the Cardano Foundation. The core of the problem and the cause of the lawsuit dates back to 2017 and is related to an agreement between the former research partners.
The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.
The Bank of China went to the WeChat platform to highlight its concerns about Bitcoin. In a long post titled “3.15 protection of financial consumption rights and interest”, the bank warns the public on the risks of investing in Bitcoin.
Tom Barrack, the head of Colony Capital real estate investment firm, claims that the next big crisis can be harder than the Great Depression. He suggests that the market needs an additional supply of liquid cash, as well as borrow system restructuring until 2024.
Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded.