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Christopher Hamman



Articles by Christopher Hamman

Ethereum (ETH) Price Fell by around 1.5% but May Rise Soon as ETH 2.0 Upgrade Gets Closer

April 8, 2020

Though Ethereum price is falling now, many traders think that a massive rally is underway as ETH 2.0 upgrade is getting closer.Ethereum (ETH) price has fallen by 1.27% in the past 24 hours. This comes as the new upgrade to Eth 2.0 is just around the corner. Current price levels at $168.63 have made everyone believe that Ethereum holds promise and may do even better in the markets this year. The first fundamental thing to change for Ethereum this year would be the shift to proof-of-stake (PoS). This shift creates a new scenario for the world’s second-largest cryptocurrency. Proof-of-stake (PoS) is seen by many to be the next big thing to hit the crypto space. There are already many problems surrounding proof-of-work systems (PoW). Ethereum’s shift from PoW to PoS is seen as the first

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Bitcoin Price May Reach $1M, Believes Billionaire, Early BTC Investor Chamath Palihapitiya

April 7, 2020

Bitcoin investor and billionaire Chamath Palihapitiya thinks that the current Bitcoin price is very far away from the BTC real value. He says that under certain circumstances BTC may reach $1 million.$1 million as Bitcoin price is possible. At least that’s what billionaire Chamath Palihapitiya thinks. Chamath is a former Facebook executive and currently the CEO of Venture Capital fund Social Capital. He mentioned this prediction in his talk with Anthony Pompliano who is a partner at Morgan Creek Digital Assets.Palihapitiya became involved in Bitcoin investing when prices were about $80 per Bitcoin. He also allegedly once owned about 5% of Bitcoins (according to him).Volatility Is the Main IssueIn the interview, he spoke about the status of Bitcoin as a reserve currency. He said that

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Facebook (FB) Stock Rose by 3.74% in Pre-market, Company Goes Head-to-head with Zoom

April 6, 2020

Facebook (FB) stock price was rising today in the pre-market. The company now wants to become a serious rival for Zoom.Facebook Inc (NASDAQ: FB) stock price has risen by 3.74% in the pre-market today. This comes as the social media giant is reportedly seeking to compete with Zoom Video Communications (NASDAQ: ZM). Facebook had a Windows app for its chat program in 2011. This was however discarded. Mark Zuckerberg revealed in his Facebook post:“We’re all looking for more ways to be together even while we’re physically apart. So today we’re launching native Messenger apps for MacOS and Windows.”He continued: “Group video calls and messages on our apps have surged – Messenger use on desktop has more than doubled in the last month. These new native apps will make the experience a lot better. I

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Disney (DIS) Stock Rises 3.59% in Pre-market, Is Its Takeover by Apple Possible This Year?

April 6, 2020

Though it’s probably too early to speak about it, but the Disney takeover by Apple seems to be quite real these days. Disney (DIS) stock is rising in the pre-market today.It seems like the Walt Disney Company (NYSE: DIS) takeover by Apple Inc (NASDAQ: APPL) is something that may be really possible soon. This is all due to the COVID-19 situation and its effects on the Disney business model. Sources say that though Disney has a lot going for it during this period, several things are working against it as well.Disney has had great success with its streaming business division. This success comes as most of the global population is restricted due to the coronavirus. The launch of Disney+ in a row of new countries proves that the company has what it takes to make things happen regardless. On the

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Dow Futures Gain Over 800 Points, Global Stock Prices Rise on New Positive COVID-19 Numbers

April 6, 2020

As there finally appeared some positive news about the coronavirus cases, the global markets started to react. Today in the pre-market, Dow futures have gained 837 points already.Global stock prices have risen in response to new COVID-19 statistics. The same we can say about stock futures and Dow futures are not an exception. Sources say that financial markets have gone into a rebound in anticipation of fewer infected and dead due to that coronavirus. Reports coming in from some of the most affected countries show that the deaths and infections are slowing.Global Stock Prices Are Rising Thanks to Positive COVID-19 NewsEuropean markets have rebounded somewhat. Sources state that the European Stoxx 600 climbed about 2.5% at the opening bell.The U.S. stock futures followed a similar pattern

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Revolut Opens Cryptocurrency Services to All Standard Users Earlier Than Planned Due to Crisis

April 4, 2020

Revolut’s cryptocurrency Services are coming earlier than planned due to the fallout in the global economy as more countries undertake quantitative easing.Revolut cryptocurrency services are now available to all users of the platform. The fintech firm has decided to allow access to its cryptocurrency trading platform earlier than previously planned. The economic fallout of the COViD-19 situation hasn’t abated and as a result of this, Revolut is making its services available to all users on its platform. The United Kingdom-based fintech unicorn indicated this in an e-mail on April 1st, 2020. Revolut also noted that cryptocurrency accounts and trading will be available to standard account holders for a 1.5 % service fee. Revolut Cryptocurrency Services Introduced in Response to COVID-19

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Bank of America (BAC) Stock Price Down 3.23% as Its Small Business Loan Portal Opens

April 3, 2020

Bank of America (BAC) has opened its small business loan portal. This comes as its stock is down in the market due to the COVID-19 situation.Bank of America Corporation (NYSE: BAC) stock price has fallen since the opening bell of the New York Stock Exchange (NYSE). Bank of America (BAC) stock has dropped to around $19.90, -$0.66 (3.23%).This comes at a time that the bank is seemingly “all-American” in its response to the business malaise that is currently occurring due to COVID-19.Bank of America has reportedly taken a different approach to keep its doors open and its employees on its payroll. Sources say that CEO Bryan Moynihan has indicated that this current period is not a period to get stingy with funds. He said in an interview:“When you’re a company that depends on serving customers

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SoftBank-Backed OneConnect Financial Technology to Work on Blockchain Platform Development

April 3, 2020

SoftBank-backed OneConnect Financial Technology has joined the China Merchants Port Group (CMPort) to build a blockchain-based platform logistics system.A SoftBank-supported fintech firm OneConnect is set to develop a blockchain-based platform. Sources say that OneConnect Financial Technology is to develop a logistics system for the Guandong-Hong Kong-Macau region within the joint program with the China Merchants Port Group. OneConnect Financial Technology is the fintech arm of top Chinese firm Ping An Insurance. OneConnect to Develop Comprehensive Blockchain-Powered Logistics SystemSources say that the logistics system is to aid customs and transportation procedures. Xiaoying Chen who is the Shenzen head of customs said:“Since the central government’s directive to develop blockchain

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AAPL Stock Down 0.58% in Pre-Market as Apple Is Launching Its New Budget iPhone SE

April 3, 2020

Apple is set to introduce its newest budget iPhone SE. However, today in the pre-market, AAPL stock wasn’t rising as it could have been expected.Apple Inc (NASDAQ: AAPL) stock price is down by about 0.58% in the pre-market today. The stock of the technology giant has faced increased pressure in recent times due to the COVID-19 situation. The closing prices are positive. The closing prices closed by 1.67% to $244.93.So, it could be a battle between the bulls and the bears. Sources say the reason for the optimism has to do with the introduction of Apple’s entry-level iPhone SE. Apple (AAPL) Stock Could Rise Thanks to New Budget iPhone SEThis new iPhone is targetted at users who want to own an iPhone but can’t do so due to the expensive price tag of the device. That is about to change.Rumor

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Zoom (ZM) Stock Price Falls 5.88%, Company Is Sued for Alleged Data Sales to Facebook

April 1, 2020

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.Zoom Video Communications (NASDAQ: ZM) stock price is down 5.88% at the time of writing. Now it is trading at $137.52. Sources say that the popular video conferencing company’s shares fell as a result of concerns about alleged sales of customers data. The company is alleged to have shared data with popular social networking company Facebook Inc (NASDAQ: FB). This comes as working from home has become a big trend as governments have instituted movement restrictions across the world. New York’s Attorney general is looking into Zoom as a result of a discovery of the alleged practice by Vice.

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Alphabet (GOOGL) Stock Rose 1% Yesterday but Fell Around 3% in Pre-market Today

April 1, 2020

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.Alphabet Inc (NASDAQ: GOOGL) stock prices have been volatile in recent times. Sources say that the technology giant’s stock has had a rough time. This has been mostly due to the COVID-19 situation. This hasn’t slowed the demand for Google’s products. Google which is Alphabet’s child company, has seen an increase in the demand for its products across, the board. Google has experienced a huge rise in the demand for its cloud services. This is in response to a shift in business trends due to COVID-19. Other technology giants have had a similar price movement as well. Amazon.com Inc (NASDAQ: AMZN), Microsoft Corporation

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Tesla (TSLA) Stock Is Moving 5.25% Up Today, Is It a Great Choice During Downtrends?

March 31, 2020

Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.Tesla Inc (NASDAQ: TSLA) stock seems to be a great choice during downtrends. This is because the stock price turns out to do better under pressure. This particular characteristic has been monitored by both fans of the stock and foes alike. Tesla (TSLA) surged by about 23% last week. One thing to note though was that though prices weren’t steady, TSLA seemed to be poised for a bull run. Tesla (TSLA) Stock Price Is Set to Go UpA leading school of thought is that Tesla (TSLA) stock price forecast yearly average to be at $502.13. This puts Tesla’s current stock price to be within the same ballpark as many analysts’ predictions

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Ethereum 2.0 Multi-Client Testnet May Launch in April

March 31, 2020

The works on the development of Ethereum 2.0 are going on. The multi-client testnet is scheduled for April.The Ethereum 2.0 multi-client testnet is set to launch in April. Sources say that Ethereum co-founder Vitalik Buterin stated this in an interview yesterday 30th March 2020.The multi-client testnet phase is the last stage before the final introduction of the new Ethereum 2.0 to the mainnet. Buterin said several things which are worthy of note. He indicated that the latest phase underwent a security audit with the audit company Least Authority. Several issues were identified. The peer-to-peer messaging system and the block Prosper system have security issues. Vitalik has noted that the solutions to these problems are rather long-term rather than short term.Least Authority had issues

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OKCoin Gets License to Offer Its Services in Japan

March 30, 2020

OKCoin has received a license to work in Japan and will soon launch its exchange service for individuals and businesses in the country.OKCoin, the premier cryptocurrency trading exchange, has secured a license to begin operations in Japan. While this may not sound like a big deal, there are many reasons to consider this as one of the major events in the cryptocurrency community for 2020. OKCoin Opens Its Operating Unit in JapanIts Tokyo unit OKCoin Japan obtained the license without recourse to either partnerships or synergy. This is the first of its kind in the country. Going solo, OKCoin has achieved a “plus-one” in the eyes of many within the crypto space in Japan. The move will also open strategic doors for the crypto space as adoption becomes easier with a standalone exchange. Japan

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JPMorgan Chase (JPM) Stock Remained Neutral in Pre-Market after Dropping by 7% on Friday

March 30, 2020

JPMorgan Chase (JPM) stock price remained in the neutral territory today in the pre-market as strategists say that the worst is over for the financial markets. As the trading opened, JPM started falling.JPMorgan Chase & Co (NYSE: JPM) stock remained neutral during the pre-market. Sources say that the banking behemoth’s stock prices seemed to hold steady as many expect the U.S. economy to go into a recession.This period of negative growth has been expected for the past month or so. This comes as the COVID-19 situation seems to go from bad to worse. There is no end in sight to the pandemic itself for now.JPMorgan Chase (JPM) Stock Price MovementsSources say that the stock prices fell by about 7.12% to $91.13 on Friday. This, however, was followed by a net loss to $90.75 (-0.42%). This places

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Tesla Stock (TSLA) Down 3.82% in Premarket but Surged 23.5% in One Week

March 27, 2020

Tesla (TSLA) stock price rose by about 20% in the past week alone. Will it continue this way? Though there are some doubts due to the coronavirus concerns, prices see to remain steady.Tesla Inc stock (NASDAQ: YSLA) has gone up this week. Sources say that stock prices moved more than 40% in the past week alone. Price on Thursday, the 19th March 2020 price was at $427.64. On the 26th of March which is a week later, the price has risen to $528.16 (at the closing bell). The difference in a week is 23.5%.With a low of $512.25 and a high of $560, this shows that investors in Tesla stock (TSLA) are in a for a wild ride. The 19% rise shows that investors are because Tesla is a favorite of many despite the COVID-19 situation. Today in the premarket, TSLA was at $508.00, which means that it was

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Moderna (MRNA) Stock Rises 3.61% Today, Coronavirus Vaccine Results Are Still Months Away

March 26, 2020

Moderna (MRNA) stock price has risen at the possibility of having a new coronavirus vaccine by the fall of this year. Trials are expected to have been completed in two months’ time.Moderna Inc (NASDAQ: MRNA) stock price has risen slightly today. The stock price is up to $28.11 +0.98 (3.61%) intraday. This rise in stock price is attributed to the expected positive results from the Moderna COVID-19 vaccine. The first results could be available in two months. Analysts believe that the trials conducted with the National Institutes of Health’s National Institute of Allergy and Infectious Diseases (NAID) will complete testing for a potential vaccine soonest. Moderna (MRNA) Stock May Remain Up as the Company Has Great ReservesModerna (MRNA) it seems is also healthy cash-wise. This is with a

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Ripple Labs Donates $200k to Help Fight with Coronavirus Pandemic

March 26, 2020

Ripple Labs is donating $200,000 to two different non-profits to help them amid teh spread of the COVID-19 at the time when scammers are looking for opportunities to cause problems too.Ripple Labs has donated about $200,000 to help halt the spread of coronavirus. The blockchain startup indicated this in a recent tweet. In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint’s COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund. (1/2)— Ripple (@Ripple) March 25, 2020Ripple Makes Two $100k Donations while Coronavirus Is SpreadingRipple is allegedly donating to the Tipping Point Emergency Response Fund and the Silicon Valley

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Visa (V) and Mastercard (MA) Stock Prices Rose 4.69% and 8.19%, New Hope for Investors?

March 26, 2020

Visa (V) and Mastercard (MA) stock prices have risen boosted by the hopes that the stimulus bill from the U.S. government gives. However, a long-term trend may be in the offing as COVID-19 creates a new order of things.Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) stock prices have risen recently. Sources say that the stock prices of the payment services giants have been a beacon of hope as financial markets sway due to COVID-19.At the time of filing this report, Mastercard (MA) stock prices were at $256.48, +19.41 (8.19%), in the pre-market $252.47 −4.01 (1.56%). Yesterday Visa stock price was at $161.78, +7.25 (4.69%), in the pre-market, $161.09 −0.69 (0.43%).Visa (V) and Mastercard (MA) Stock Prices Pick Up due to Expected StimulusSources say that earlier in the week, prices picked

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Amazon (AMZN) Stock Down 2% Now But It Still Could Be King of Market

March 25, 2020

Is Amazon (AMZN) stock still the king of the markets? Only time will tell us as the world goes topsy-turvy due to COVID-19.Amazon.com Inc (NASDAQ: AMZN) stock on a normal day used to be a “must-buy” for many investors. Today, the stock could as well rule the markets. The COVID-19 pandemic has sent markets south to incredibly new lows.This has created a new paradigm. Top-performing stocks are difficult to spot and the losers are everywhere across the board. The volatility of the markets has made swimming with the sharks to be easier in comparison to stock trading.At the time of filing this report, Amazon (AMZN) stock price was at $1,900.53 (-2.04%).Amazon (AMZN) Stock Is Hot Stuff at the MomentAmazon seems to be one of the few good things happening right now. The U.S. economy (and the world

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Disney (DIS) Stock Rises Over 11% Today, Disney+ Launches in Some European Countries

March 24, 2020

Disney (DIS) stock price has risen as the entertainment company has launched its streaming service in seven European countries. This has also excited investors at a time when confidence is low.The Walt Disney Company (NYSE: DIS) stock price has risen as Disney + has opened across Europe. Sources say that the stock price has responded positively despite the prevailing COVID-19 situation. Disney (DIS) stock was at $90.79 (+5.87%) in the pre-market today. At the time of writing, DIS stock is trading at $95.51. It means that it is up 11.93%.This has also come at a time when the stay-at-home situation has created all sorts of new opportunities for internet-based services.Sources say that Disney agreed to launch its streaming service with 25% less bandwidth across several countries. This is to

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Tesla (TSLA) Stock Rises 15%, Is It Time to Buy TSLA Instead of Toilet Paper?

March 24, 2020

Tesla (TSLA) Stock price is up. There are several reasons to think that the automaker will do well during these chaotic times.Tesla Inc (NASDAQ: TSLA) stock price went up in the pre-market today. And this tendency continued when the market opened. This indicates that Tesla is getting something right amidst the stock market chaos. The COVID-19 situation has driven everyone into panic mode. As such, the reaction of the markets is panic based on irrationality rather than rationality that produces results. The ensuing chaos that this has produced has led to many otherwise normal people doing abnormal things due to one emotion: fear.Tesla (TSLA) Stock Is Doing Okay for Several ReasonsThen again, Tesla seems to be winning at the moment for several reasons. In the middle of all the fear, the

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Xiaomi Redmi Note 9s Is Set to Change the Game

March 23, 2020

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.Xiaomi as a company has been set to have a peculiar effect on the mobile phone industry. its phones have been second to none so far. The Xiaomi Redmi Note 9s is expected to be no different in this regard. Many have underestimated the abilities of the new Redmi Note 9s. The truth is that the Xiaomi Redmi Note 9s Global Version 4GB + 64GB has all the capabilities required for the savvy individual and then some. The Qualcomm Snapdragon processor takes the Redmi Note to the next level as per performance. The Kyro 465 CPU does the trick as the processing of applications is faster and smoother. Rendering on the graphical side is dynamic as

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Disney (DIS) Stock Lost Over 9% on Friday, Is in Red Today, Disney+ Is Launching in Europe

March 23, 2020

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 Walt Disney Company (NYSE: DIS) stock price has dropped since the premiere of Pixar’s new feature-length “Onward”. Sources say that this is because of falling demand from the theaters across the United States and beyond. On Friday Disney stock fell to $85.98 (-9.43%) at the market’s close. Today, the stock is also in teh red. At the moment of writing, it is 0.55% down and is trading at $85.51.The stay-at-home restrictions instituted by governments have a lot to do with this. Theaters across the United States and in other Countries are empty. Naturally, ticket sales have dropped and this

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Oil Prices Rose after Their Worst Week since 1991 but Started Falling Again

March 23, 2020

Oil prices seem to get better after a horrible week. OPEC may resume pumping the markets with fresh oil.Oil prices have recovered from the previous lows. Last week was one of the worst weeks in history since the global oil industry decided to start tracking prices. Sources say that prices rebounded slightly showing signs that the price drop may reverse. This also shows that things may not as bad as everyone thought. facing falling demand, the global oil industry went into a tailspin. This is all because of the COVID-19 situation. The U.S. West Texas Intermediate (WTI) crude rose 0.6% (on Sunday) to $22.77. This is a comeback from the 8% losses that occurred at the close of business last week. Brent crude fell to $26.25 (on Sunday). This is a 2.7% loss. Activities across the globe have been

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United Airlines (UAL) Stock Jumped Over 25% Today, Will It Take Off after Coronavirus?

March 20, 2020

United Airlines (UAL) stock is said to have good chances to rise after the COVID-19 situation is over. Today it is fully in the green.United Airlines Holdings Inc (NASDAQ: UAL) stock may take off after COVID-19. This is what prominent investment analyst Luke Lango thinks. Sources report that the Caltech graduate said that that UAL is the best of the lot.While some people blame cryptocurrencies for their volatility, stocks are not netter at all in this context these days. UAL stock price remains as volatile as Bitcoin price. And taking it into account, we can be sure of an exciting ride during this period of uncertainty.On March 20, Bitcoin was up over 15%. United Airlines stock managed to jump over 26%.As at the time of filing this report, United Airlines (UAL) stock price was at $24.64

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Tesla CEO Elon Musk Offers to Manufacture Ventilators to Help Coronavirus Patients

March 19, 2020

Elon Musk has offered to manufacture ventilators if they become scarce. He said this while tweeting about a possible effective form of COVID-19 treatment.Elon Musk has offered to manufacture ventilators in the U.S. to help beat COVID-19. Sources say that the serial entrepreneur indicated this on a twitter thread. Musk it appears has had a change of heart about coronavirus. This comes after he allegedly called the emotional response about the situation “dumb”. The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6, 2020Although his tweet drew more than a million likes, many still thought that his tweet was out of line considering those who are sick and are dying from the disease. Although he softened his stance, he was still adamant about the danger of panic.That said, danger of panic

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Ripple Partners with DeeMoney to Power Faster and Cheaper Cross-Border Money Transfers

March 19, 2020

Ripple’s partnership with DeeMoney is set to enter the second phase. DeeMoney is currently the only fintech firm with a funds transfer license from the Thai Central Bank.The partnership between Ripple and DeeMoney is entering a new phase. Sources say that the remittance blockchain company indicated this in a press release yesterday. The new partnership will allow Thais to remit funds to their homeland at cheaper rates. This comes as Ripple Labs Inc, that widely uses XRP in its solutions, is expanding the network of partners across countries. This is reportedly the second phase of the partnership. Sources indicate that the Thai remittance market is quite lucrative. Thais are expected to send more than $1 billion home this year. Partnership between Ripple and DeeMoney Improves Remittance

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NYSE Trading Floor Is to Close after Two Positive Coronavirus Tests, Electronic Trading Continues

March 19, 2020

The NYSE is closing its physical trading floor for the first time in its history independently from the electronic trading which is going on. This closure is intended to remain temporary until things change.The NYSE trading floor is set to close on Monday, the 23rd of March. This is due to the emergence of positive COVID-19 cases. Sources say that the closure is only temporary. Two people reportedly tested positive for coronavirus. The American options floor, the equities trading floor and the NYSE Arca Options trading floor in San Francisco are among the facilities to be closed. NYSE Trading Floor Is Closing for the First Time while Electronic Trading Is Going OnStock trading has closed several times over the years. The 9/11 World Trade Center Bombings and World War 2 are examples of

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Apple Unveils New MacBook Air and iPad Pro with LiDAR Scanner

March 18, 2020

Apple introduces its iPad Pro and its Macbook Air with lots of new and exciting features. The new iPad Pro has received the LiDAR Scanner.New Apple iPad Pro has been introduced to the public. It comes with all the bells and whistles that everyone expected and then some. Sources say that the Cupertino California technology giant had introduced its new MacBook Air as well.Apple Inc (NASDAQ: AAPL) launched its new products via a press release rather than via events. This is due to the new social distancing policies that most companies are employing as a result of COVID-19.New Apple iPad Pro Comes with a BangThe iPad Pro comes with a new A12Z Bionic chip. A new ultrawide camera does quite a few new wonders image-wise. Studio-quality microphones have also created a new niche for the iPad. Then

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