Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The COVID-19 pandemic is the main topic for discussion today. The markets have far not the best period. S&P 500 and Dow are losing their positions.
Judge Kevin Castel is clearly against Telegram in the case of the GRAM token launch. Federal Judge claims that Telegram founders can not distribute their tokens to anyone, not only to U.S. citizens.
With government institutions enforcing a shutdown due to the COVID-19 outbreak, the demand in the oil market has plunged to a record low. Countries like Saudi Arabia and Russia have ramped up production amidst weakening demand.
Le Bijou, a Switzerland luxury hotel, has re-invented its service to provide its guests with world-class quarantine apartments. The hotel is offering healthcare workers fighting coronavirus a free of charge stay at its apartments.
Tesla, whose manufacturing process is now at risk, will soon release its Q1 2020 report. Amid the predicted underperformance, Tesla (TSLA) stock is down. It closed at $481.56 yesterday.
Verizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks.
Macy’s has been removed from the benchmark S&P 500 stock index. Its market capitalization currently is a representative of small-cap space according to S&P Dow Jones Indices.
Ripple CEO Brad Garlinghouse will have to defend his position as a legitimate XRP seller. Per Bradley Sostack, a former XRP investor and the lead plaintiff in the case against Brad, Garlinghouse used unlawful techniques to sell XRP.
Ripple and ANU law school have partnered to develop courses about blockchain in relation to the law profession. Adoption of blockchain into the legal sector will bring several advantages and advancements to the industry.
Zoom (ZM) stock price is down around 6% after several privacy issues are discovered. The video conferencing company has faced a lawsuit in California and an investigation by the New York Attorney General.
Marriott International (MAR) stock is falling as the company had been hit by its worst customer data breach.
Cryptocurrencies are still correcting and volatility is reducing, so we may expect some good movements in the nearest future.
Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.
Alphabet (GOOGL) stock price has been topsy-turvy. This, however, doesn’t change the company’s profit outlook as investors expect increased demand due to the COVID-19 situation.
Bitcoin price has been consolidating above $6,000 and below $6,800 in the past two weeks, as the stock market continues shedding. Toilet Paper Token, which is said to be sold out, rose by a whopping 1,123.97%