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All three futures – Dow Jones, S&P 500, and Nasdaq 100 – opened lower today on Tuesday. The European market also remained under pressure on rising COVID-19 cases.
While the Pfizer (PFE) vaccine is the first of the vaccines expected to get regulatory approval this year, its distribution may be limited considering its extremely low storage and distribution temperature of minus 70 degrees Celsius and below.
The G7 officials discussed the need to regulate crypto assets and prevent its use for any malicious or illicit activities. There’s strong support across the top economies to regulate digital assets.
BBVA has been reportedly working on making its crypto service debut for months as it has integrated a solution for providing cryptocurrency custody infrastructure called SILO in a move similar to Russia’s Gazprombank.
The Nokia-led Hexa-X 6G development program has the primary goal to create “unique 6G use cases and scenarios”.
As a blockchain-based energy startup, the Steve Wozniak-backed Efforce will be building the investment capabilities on its platform through its newly unveiled WOZX token.
Bitcoin is said to maintain its steady rise and more than double from its current price to about $50,000 in 2021 says Bloomberg in their monthly report.
The initiative is expected to make it easier for investors to get access to this still new asset class. Besides, it may decrease risks associated with the highly volatile and speculative crypto market.
As part of its Fast Track program, payments giant Visa is working with Circle to integrate the USDC stablecoin making it simpler for businesses worldwide to make instant payments in USDC.
The Pfizer and BioNTech COVID-19 vaccine is now clinically safe and would be made available for use by next week with priority given to the most vulnerable group.
Dow Jones, S&P 500, and Nasdaq Composite all surged between 10-12% during the month of November as markets remained upbeat on positive news of vaccine rollout. Analysts expect the market to continue its run ahead in December and end 2020 on a strong note.
Inking one of its biggest deals in history, Salesforce announced the acquisition of Slack for a massive $27 billion in a combination of stock and cash options. Salesforces said it will deeply integrate Slack as part of Salesforce Cloud and the Salesforce Customer 360 interface.
The launch of Ethereum 2.0 today will be followed by other significant events including the ushering in of the Shard Chains and subsequently the merger of the current PoW Ethereum and the PoS Ethereum.
The European stocks recovered significantly on the positive news about the COVID-19 vaccine as drugmakers gear up for mass production and distribution and await FDA approval. The Asia markets are looking positive as China’s growth picks up.
The growth of Tesla is reflected in the surge in the company’s stock price. At the moment, Tesla is up 4% in the pre-market.