Facebook has re-branded its Calibra digital wallet to Novi which will facilitate instant cross-border money transfer without any hidden charges associated. The Novi digital wallet will launch along with the Libra network.
For the first time since March, the S&P 500 has reached 3,000. Dow Jones has already gained around 600 points today. On the back of rising indices, stocks of biotech companies are going up.
Bitcoin whales have started accumulating more tokens after the cryptocurrency’s price dipped below $9,500. Historical data shows that affluent crypto holders are trading Bitcoin short-term to extract maximum profits. Now BTC is at around $8,800.
American biotech company Novavax said it had started the first human study of its experimental coronavirus vaccine, with initial results on safety and immune responses expected in July. The U.S. futures positively reacted to the news.
In March, when the coronavirus pandemic was most widely unwrapping, some experts said it was time to buy FAANG stocks. And as we see now, they were right.
Despite the massive downturn on the real estate market, realtors in America are still hopeful they will see a rebound next year. However, some speculators believe the drop in pending contract sales and property values will drop even more soon. How will Bitcoin react?
Bitcoin is seeing a downward selling pressure as it fails to hold $9000 support levels. After the Bitcoin halving, miners are selling more than they mine to meet the surging operational costs.
The Moderna episode is a case study of how the coronavirus pandemic and the desperate hunt for treatments and vaccines are shaking up the financial markets. Now Moderna (MRNA) stock is trading below $70 again.
Ripple has joined the Faster Payments Consortium (FPC) that offers its members the possibility to work together and to get access to the latest research and data.
China is poised to pass new national security laws for Hong Kong that could plunge the semi-autonomous territory into its deepest turmoil since it returned to Chinese rule in 1997. The Hang Seng index is down.
Happy Bitcoin Pizza Day! Ten years ago, a programmer from Las Vegas made the first-ever purchase with Bitcoin. The deal has made it into history, 22 May has become a great day, and the programmer will be forever known as “Bitcoin Pizza Guy”.
Investors have turned bullish on tech companies as COVID-19 could possibly change consumer behavior making them more online dependent. While Amazon accelerates its move in the gaming industry, Facebook makes a big announcement to step in e-commerce with Facebook Shops. FB and AMZN stocks are hitting new highs.
The three major Wall Street averages have soared on Wednesday. Dow Jones is nearly 400 points up. Stocks like Facebook and Amazon jumped as well, hitting new all-time records.
Ripple’s XRP has got approval for being used in cross-border money transfers from the U.S.Consumer Financial Protection Bureau. XRP price is rising now.
As miner profitability has tanked considerably after the latest Bitcoin halving, the BTC mining difficulty has also seen a drop of over 6% if we compare it with the pre-halving period.