The Huobi Advisory Board will evaluate all Poloniex projects on a monthly basis beginning today.Cryptocurrency exchanges Huobi and Poloniex have finally announced an official partnership after denying media rumors. According to the official announcement, the two exchanges have entered into a ‘strategic partnership’ geared towards multiple cooperation. At the top list of priorities for the strategic partnership between the two companies is developing a more robust entity to compete with other leading exchanges.According to aggregate data from Coingecko, Huobi exchange handled a 24-hour volume of approximately $299,821,720.20. Reportedly, The most active trading pair on Huobi in the past 24 hours is BTC/USDT, with a volume of about $59,756,733.98. Poloniex, a Justin Sun-backed exchange, on

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The CFTC has been working closely with the SEC to help provide crystal clear cryptocurrency regulations.The cryptocurrency market is getting shaped by global geopolitics. In the United States, the Commodity Futures Trading Commission (CFTC), under Chair Rostin Behnam, has been at the forefront of cryptocurrency industry regulations. However, it has been regarded as a friendlier regulator than the Securities and Exchange Commission (SEC).During a panel discussion hosted by law firm Lowenstein Sandler in New York on Monday, Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” In his opinion, Behnam noted that the CFTC could do much more if it were motivated by funds and working persons.“If we had more funds, if we had more personnel,

Edge Capital has very little information about its products but markets itself as an alternative investment manager specializing in digital assets and DeFi protocols.According to SEC filings, Edge Capital Management LLC, Florida-based decentralized finance (DeFi) focused hedge fund, has raised a total of $66.8 million in two separate fundings. Reportedly, the firm raised one offshore fund in the Cayman Islands from eight investors for a total of $38.6 million. On the other hand, the company raised a total of $28.1 million for a  Delaware-incorporated fund from six investors.The little-known company intends to raise further capital since it did not set a limit on the previous fundraisings. The company has very little information about its products but markets itself as an alternative

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Disney (DIS) stock price is falling. Wells Fargo analyst Steven Cahall stated that the studio’s theme parks division will need a couple of years to return to normal business.The Walt Disney business has been seriously hit by the stay at home orders caused by the ongoing coronavirus. The Walt Disney Company (NYSE: DIS) stock fell 1.2% in after trading hours on Tuesday and is 1.1% down now, after Wells Fargo analyst Steven Cahall downgraded it, claiming that the Disney parks attendance could take up to two years to normalize.Cahall wrote:“We don’t think parks can get back to anything close to full capacity until testing and/or vaccines are far more ubiquitous. We see the limiting factor as health-care technology as assets like Walt Disney World will either need to operate with social

Zoom Video Communications (ZM) stock price lost $9.19 approximately 7.48% on April 8. The fall is being attributed to the class-action lawsuit. Zoom is being sued for not disclosing privacy security flaws.Since the outbreak of coronavirus, many people got to adapt to working remotely. Zoom Video Communications Inc (NASDAQ: ZM) and its stock price have been on the rise. However, the rally did not have much of the fuel as the bulls seem to be already exhausted. It all began around March 20, when the company began battling arising issues of privacy and security flaws.The market chart formed a strong resistance level at $160, where the stock bounced to the downward trend on a free fall. Yesterday the ZM stock price was at $113.71. Having shed $9.19 from the previous day’s high, which

Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.It was a huge breakthrough for Ripple and the XRP community after the company’s blockchain won a big boost from the U.S. Navy. In an interview, the president of Solari Inc., Catherine Austin Fitts, said a year ago the U.S. Navy had hired a Danish tech company to develop an implantable microchip and make it compatible with the Ripple blockchain.The news coincided with a time when the crypto market is on the upward move after free-falling the first quarter. XRP has risen 15.32% in the past week and jumped a whopping 6.80% in the past 24 hours. The market cap is slightly above $20 billion, with the average XRP

On Friday, Moderna (MRNA) stock rose by 4.94% breaking out the $32 resistance level. Clinching above $34 has helped Moderna CEO Stephane Bancel to join the list of billionaires.As the war against the novel coronavirus intensifies all over the world, a lot of people are eying on the pharmaceutical companies spearheading the development of vaccines. Moderna Inc (NASDAQ: MRNA) stock continues enjoying a huge backing from investors, as the company pushes its vaccine to human testing. As a result, MRNA stock jumped 4.94% to clinch above a strong resistance level at $32, which has played out for the past two months. Today it the pre-market, it has gained another 0.86% to trade at $35.15.Most investors are betting long on Moderna stock, leaving the company with a lot of pressure of delivering a

Switchere, a new player in the crypto world, is actively developing in Europe where it has a huge customer base and penetrating the Asian market as well.A new crypto exchange by the name Switchere is not only developing fast but also gaining a huge customer base in Europe. Although entering a market with huge competition, it has grown fast to see its services reach the Asian market, which has a very large number of crypto enthusiasts.The crypto exchange is offering transparency and competitive crypto exchange which its customers have been enjoying. With a number of programs to give back to the loyal customers, the management is working towards seeing the crypto space grow to reach all people of all nature.The company’s operations are licensed where it guarantees its customers legal

Saudi Arabia has called for an urgent meeting with all the OPEC members and the non-OPEC oil producers to stabilize the global oil prices. After the news, the oil price jumped almost 25%.The Saudi Arabia government has called for an urgent meeting of OPEC and a group of non-OPEC countries to try and reach a fair deal to restore balance to the oil prices. The news which was conveyed through the state news agency SPA has been revealed today on Thursday. As a result, oil prices jumped almost 25%.Initially, the oil prices had surged 10% after the U.S. President Donald Trump said he expects Saudi Arabia and Russia to come to a common agreement about the oil price war. Oil prices have been hit hard by the lack of agreement between the two oil giant producers, and more to it, the low demand

U.S. oil prices jumped 10% to clinch above $22 per barrel on Thursday after President Donald Trump said the oil price tag war between Russia and Saudi Arabia may come to its end soon.After closing the first quarter of 2020 on the worst fall, U.S. oil prices have shown signs of recovering amid the coronavirus crisis. This is after the United States President Donald Trump said that he expects Russia and Saudi Arabia to come to a common agreement on their differences.Saudi Arabia, an OPEC member, has been pushing the Russians, which is not an OPEC member, to cut daily oil production in order to stabilize the price. However, since the Russians are independent, they opted not to comply with the request. Instead, the Russians raised their daily oil production with over a million BPD.As a result,

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.Verizon Communications Inc (NYSE: VZ) stock dropped nearly 1.5% after the market opened on Wednesday, April 1 to trade $52.94. The drop was in contrast with most expectations, as Goldman Sachs had upgraded it to its ‘Conviction Buy’ list. The group argued that the VZ stock offers investors the most attractive combination of total return and risk, thanks to the stability of its wireless business.Goldman Sachs Group Inc has been the leading global investment banking, securities and investment management firm, which has been providing a wide range of

Marriott International (MAR) stock is falling as the company had been hit by its worst customer data breach.Marriott International Inc (NASDAQ: MAR) stock price is down 6.76% after falling 5% in the pre-market. It happened after the company announced on Tuesday it had suffered a massive data breach. The American multinational diversified hospitality company is well known for managing the different line of hotels and lodging facilities. At the time of writing, Marriott (MAR) stock is trading at $69.75. The company’s market cap is 22.61 billion.Marriott Get HackedAccording to the company, hackers were able to compromise sensitive information of almost 5.2 million people.However, the hack was not as devastating as compared to 2018 one, which ended up with almost 500 million customers’ info

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%Bitcoin has been trading at around $6,300 for the past few days. The crypto asset is experiencing a significant resistance at that level to breakthrough and trade above $7,000 level, where it began in January. As the coronavirus crisis continues pushing the market at large in a turf corner, Bitcoin seems to be holding stronger the urge to fall again.The price drastically fell when the United States banned air travel with most European countries and the price of crude oil tumbled. Investors rushed in a sell-off, fearing a market crisis that could trigger a recession. With it, it has

Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.Ford Motor Company (NYSE: F) stock fell 3.08% on March 30, to trade at $5 per stock. But today it is trading with a 1.39% rise at $5.10. As with most U.S. stock markets at the moment, Ford (F) stock has recovered from the previous free fall thanks to the coronavirus stimulus package meant to cushion the market from further tumbling. Ford stock has been falling continuously since the onset of the coronavirus outbreak. As a result, it has fallen almost to retest the 2008 market crash, where it traded at around $2. However, there are hopes that the stocks will recover and retest the all-time high in the near future after the

Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.Facebook Inc (NASDAQ: FB) stock has been on the winning side for the past two weeks, thanks to fundamentals that are cushioning its stock from the coronavirus pandemic. As of March 30, 16:26 EDT, the stock had pushed higher 5.84% and reached $165,95. Whereby, at the time of reporting, it had managed to clinch above $166, which in the pre-market (+0.15%) acted as a short term resistance level.Facebook (FB) Stock Price and Coronavirus RelationAccording to TheFly.com, JPMorgan and JMP Securities have significantly reduced their target price on

Microsoft (MSFT) stock rose by over 6% to trade at $159.99 on March 30. The spike is attributed to a 775% rise in the Microsoft Cloud services usage, as more people stay at home amidst coronavirus outbreak.Microsoft Corporation (NASDAQ: MSFT) shares experienced a sharp uptick of 6.87% in the late European trading hours, to clinch at $159.99. The spike in stock is being attributed to the rise in usage of its services as the coronavirus outbreak pushes people to stay at home and find constructive things to keep them busy.Microsoft Reports Rise in Service UsageOn Saturday, the company reported that it had experienced a 775% usage increase for its services. The services which saw a rise in users include Microsoft Teams, Power BI, and also Windows Virtual Desktop. According to the report, the

As a result of the ongoing coronavirus pandemic, EasyJet has announced that it has grounded its entire fleet of more than 300 aircraft. EasyJet stock market has lost another 8% after the announcement amidst internal disagreements.EasyJet plc (LON: EZJ), a British low-cost airline group that is headquartered at London Luton Airport, has today announced that it will ground its entire fleet of more than 300 aircraft. The airline is responding to the ongoing travel restriction caused by the coronavirus pandemic. As a result, EasyJet (EZJ) stock has dipped another 8% to trade at 546 GBX.EasyJet Fleet Grounded while EZJ Stock Price Is FallingIn a press statement, the company said, ‘there can be no certainty of the date for restarting commercial flights.’ The company has now put its entire cabin

Abbott Laboratories gets FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. ABT stock rose nearly 2% after hours to trade around $76 though on Monday its price was $62.Abbott Laboratories (NYSE: ABT) announced on Friday that it has received the approval of its rapid COVID-19 test from the U.S. Food and Drug Administration. According to the company, the molecular point-of-care test will be run with their portable called ID now. This will enable health care workers to test for coronavirus in a person within five minutes, and besides, they will be in a position to determine a negative result in less than thirteen minutes.Though it closed yesterday with a 1.65% fall, Abbott (ABT) stock drastically rose from the lows by about 2% to

Apple (AAPL) stock rose by over 5% yesterday but is falling today. The company is testing an AR/VR headset with HTC Vive-like controller that is set to be launched in 2021 or 2022.Apple Inc (NASDAQ: AAPL) stock rose by over 5% yesterday, March 26, approximately $12.92 to hit $258.92. As with many other U.S. stocks, Apple stock rebounded strongly after the coronavirus panic sell-off that resulted in the huge fall. The prices retested a once strong resistant zone back in 2018, however, this time it played out as a support level. Investors are optimistic about the company despite the setback on unveiling the much-awaited 5G iPhone 12.Apple stock has regained half of the lost profits and was looking to retest the all-time high if the current conditions prevail. The current bull rally has hit

Microsoft (MSFT) stock rose by over 6% yesterday after the company announced it had acquired Affirmed Networks to deliver new opportunities for a global 5G ecosystem. The FAANG stocks were on the winning side with a surge of 5% on average.Wall Street yesterday had many traders pocket some profits and also others cut some losses. This is after Microsoft Corporation (NASDAQ: MSFT) stock rose by over 6% in a day. The positive jump is being attributed to several fundamental factors that have happened during the week, especially as it nears the end.This has led to the shares pointing upwards, and possibly the weekly bar will close with a strong green candle. After retesting the support level that acted as support for the lows of the third quarter of 2019 at $133, the shares are now trading at

U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.During the early trading hours on Thursday, the U.S. stock futures led by the Dow Jones showed signs of recovering, despite the initial release of jobless claims that recorded the worst in recent history. As a result of the ongoing coronavirus, layoffs from major companies have become the order, which has led to a sharp uptick in unemployment in the United States. Dow futures together with Nasdaq 100 slightly jumped higher, while the S&P 500 dropped to retest the previous day’s lows. However, at the time of writing, the S&P 500 was in the upward

Bill Gates, Microsoft сo-founder, shared his thoughts about the current state of the healthcare system and ways to fight coronavirus. He explained what measures he would implement if he were the U.S. president.Although not a one-man show, coronavirus is proving problematic to many nations, and a strict leader needed to keep people safe. One man who has been at the forefront of coronavirus pandemic outbreak in the world is none other than Microsoft co-founder and philanthropist Bill Gates. In his recent sentiments made during a Ted Talk, he highlighted some of the things he thinks if he were the president he would have given priority to fight coronavirus.Less than two weeks ago, he announced that he has left the Microsoft Board of Directors in order to focus on fighting coronavirus

Zoom Video Communications (ZM) shares fell 15% to hit $135.18 on March 25. Although having risen over 100% in the past year, the sudden fall is being attributed to President Trump calling on businesses to resume. Today, ZM stock is up again.Zoom Video Communications Inc (NASDAQ: ZM) shares are among the stocks which have been defying the gravitational pull from the coronavirus pandemic. The company which offers remote conferencing services has seen an uptick in the use of its services, as more people get to opt to work remotely. With the rise in coronavirus spread, the fear is pushing people towards solitary confinements in their homes.Zoom Video shares have been on the rise for the better part of the year and also last year. It was a huge success after going public and being enlisted by