Home / Tolu Ajiboye

Tolu Ajiboye



Articles by Tolu Ajiboye

Swiss Partnership Launches New Bitcoin-Backed tzBTC Token on Tezos Blockchain

April 8, 2020

The new tzBTC token from the Tezos Foundation and the Bitcoin Association Switzerland is promised to bring more access to both networks.A few firms including the Bitcoin Association Switzerland (BAS) and the Tezos Foundation have announced that a new token will be launched soon. The new token is called tzBTC, and is backed 1:1 to Bitcoin, on the Tezos blockchain.The partners have also said that tzBTC will be the first vehicle for decentralized finance (DeFi) on the Tezos blockchain.Speaking in a statement, BAS President Lucas Betschart says the new token merges both systems, creating more connectivity between them. He said:“The tzBTC brings the brand and liquidity of Bitcoin to the Tezos blockchain and gains the potential for rich functionality made possible by Tezos smart

Read More »

Coronavirus: Eurozone Leaders Fail to Reach Agreement on Economic Rescue Plan

April 8, 2020

It is impossible to find an economy in Europe that is not affected by the coronavirus crisis. However, ministers in the Eurozone region have not reached an agreement on coronavirus efforts even after deliberating for hours on end.All over the world, several countries are consistently scrambling to do all that they can to save their economies, as the effects of the coronavirus pandemic continues. For weeks now, several financial markets all over the world have felt the terrible effects of the outbreak. Many markets have plunged with the majority yet to show signs of respite. To soften the effects, the U.S. Federal Reserve, recently injected a few trillion dollars into its markets. However, countries within the Eurozone have not been able to decide how to weather the coronavirus

Read More »

Market Greenlights AMZN Stock, It Is Up 0.47% in Pre-market as Amazon Halts Its New Delivery Service

April 8, 2020

Amazon (AMZN) stock is set to climb higher as the company suspends its new shipping services to focus on its core business as customer demand spikes.Amazon.com Inc (NASDAQ: AMZN) has announced plans to suspend its delivery service until further notice. The company had started Amazon Shipping to rival other logistics giants like FedEx and UPS, making the option available in a few places, including Los Angeles. However, according to a Wall Street Journal report, Amazon will stop from June, and focus on its own business, which should, in turn, keep its stock rating high.Amazon Delivery Service PostponedBecause of the current coronavirus pandemic, Amazon has seen a dramatic surge in orders on its platforms. The lockdown implemented by the government to slow down the virus has forced people to

Read More »

Samsung Q1 Profit Prediction Beats Market Estimate amid Coronavirus Pandemic

April 7, 2020

Despite serious market problems that stem from the coronavirus outbreak, Samsung predicts a good profit from its first-quarter figures.Because of the coronavirus pandemic, many companies have significantly cut down their expectations for the first quarter of 2020. The pandemic and the resultant lockdown of many cities in many parts of the world, has affected the regular flow of business. This means that these companies cannot perform at their optimum level if they were doing so before. Regardless of these obvious problems, Samsung is optimistic about its profit for the quarter.Samsung Expects Good Q1 ProfitIn an official news release, Samsung recently said that it predicts good numbers for its operating profit in Q1 2020. The South Korean tech giant expects its figures to do better than

Read More »

5 Coronavirus Stocks to Look Out For as COVID-19 Spread Continues

April 6, 2020

A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.Apart from the obvious health effects, the current coronavirus pandemic has already depleted financial markets all over the world. As the outbreak continues to spread and the world records a lot more confirmed cases, these economic effects are also going to continue. Many companies are already recording heavy losses and many of the world’s wealthiest people have seen a large chunk of their wealth cut off. There is no specific treatment or vaccine currently approved to properly tackle the virus. So, stocks might stay down for a while. However, even in all of this turmoil, some stocks look good enough to be great choices and are quite poised

Read More »

Dow Jones Jumped Nearly 500 Points but Lost Over 290 Today, COVID-19 Cases Cross 1.2M

April 3, 2020

Both the Dow Jones and the Nasdaq Composite managed increased but started to lose points as the COVID-19 outbreak continues to spread, affecting over 1 million people globally.Even as the coronavirus pandemic continues to ravage the world both health-wise and financially, there seems to be some much-needed respite coming in from the world’s financial markets. Regardless of how long this respite will last, Wall Street is seeing some interesting and generally optimistic upward movement currently most evident in the Dow Jones Industrial Average (DIJA) amid the COVID-19 pandemic.Dow Jones Spikes Despite COVID-19 PandemicOn Thursday, April 2, a rise in the Dow Jones was celebrated across markets, as it brought about some much-needed calm during such a tumultuous time as this. The Dow Jones

Read More »

American Airlines Stock Down 17.89% in Premarket as Company Cuts International Flights by 75%

March 16, 2020

American Airlines stock has crashed after the company announced a 75% reduction in capacity because of the coronavirus. Analysts warn things could get worse.Many airlines all over the world are currently in panic mode because of the coronavirus. A lot of them, including travel companies in general, seem to be finding it very difficult to make ends meet simply because the volume has seriously plunged. Some airlines are grounding a significant percentage of their fleet, while others are looking to cut a chunk of employee pay. American Airlines Group Inc (NASDAQ: AAL) is one of those badly hit and its stock is already plunging in response to drastic measures it’s currently taking.The Texas-based airline is easily the world’s largest by revenue, fleet size, and the number of destinations it

Read More »

Oil Price Drops Below $30 as Coronavirus Forces Reduced Demand

March 16, 2020

The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.The price of oil is easily the most talked about the news after the coronavirus pandemic. Oil, which has relatively maintained a significantly healthy price range for a while now, crashed terribly last week. Saudi Arabia deliberately cut down on the price of oil by 30% in response to Russia disagreeing to reduce its production volume. Since then, the oil market has been hanging in the balance with fears that things might get worse. Those fears have now come to fruition as the price of oil has crashed lower again.Oil Price Crashes Below $30The oil price has now plunged by more than 8%, worrying investors as its

Read More »

Coronavirus: European Markets Plunge Deeper as Governments Impose Safety Restrictions

March 16, 2020

The coronavirus pandemic isn’t at all taking it easy on European markets as well as travel stocks. Both are seriously bleeding. People are panicking and waiting for signs of improvement.The coronavirus outbreak has gotten increasingly worse since the first cases last year. Because of the situation, governments all over the world have begun imposing different lockdown levels to curb the spread of the highly contagious disease. With a large number of Europeans currently confirmed with COVID-19, residents have been largely restricted. These restrictions, while necessary to improve the situation, have negatively impacted European markets as they are significantly plummeting. There also is a chance that they will plunge more since there is currently no way to tell when things would get

Read More »

Grounded by Coronavirus, United Airlines (UAL) and American Airlines (AAL) Stocks are Down 24.85% and 17.28%

March 13, 2020

Airlines are seeing a heavy reduction in the number of customers that patronize them, leading to a crash in their stocks.The coronavirus outbreak has seriously impacted a few industries, especially in the last few weeks. Of them all, airlines have probably been hit the hardest. Because of the nature of the outbreak, it’s near impossible for any of these companies to have prepared for it as much as needed. Around the world, many airlines have stocks that have plunged and are still taking a beating. However, this might give investors and traders a good opportunity to buy in.Airlines Stocks AffectedIn many cities and countries all over the world, governments have placed several restrictions to try to contain the spread. Many businesses are on lockdown and others are asking their staff to work

Read More »

Inovio (INO) Stock Plunges 28% in Pre-Market Results Today Following Disappointing Q4 Report

March 13, 2020

Inovio stock has been swung significantly in the last 24 hours after rising on news of a new grant and plunging on news of its poor Q4 report.The continuous spread of the coronavirus COVID-19 strain has directly placed a large spotlight on biotech companies and their stock. Because most of them are scrambling to find some treatment or vaccine for the virus, they have seen sharp spikes in value like never before experienced. For Inovio Pharmaceuticals (NASDAQ: INO) stock, several market factors have caused a rise in its value. However, INO has plunged again.Inovio Stock JumpsYesterday, the company announced that it received a grant worth $5 million for its efforts towards COVID-19 treatment. According to the announcement, the Bill and Melinda Gates Foundation gave the grant to help the

Read More »

Dow Futures Up Today After Thursday’s Historic Wall Street Massacre

March 13, 2020

After a terrible market crash on Thursday, Dow futures and a few others, are starting to slowly correct some of the losses they incurred.On average, 2020 has been quite a terrible year for the stock market. Stocks all over the world have been falling quite terribly for a while now, on fears of the coronavirus COVID-19. The outbreak has brought about so much volatility in the market that many analysts are finding it very hard to predict a reasonable trajectory like they normally would. However, it would seem that the volatility is starting to swing as futures on the Dow are rising again.Dow Futures Correct Some LossYesterday, futures on both the Dow Jones and the S&P 500 crashed heavily. Analysts say that the plunge was their worst day since October 19, 1987, the popular “Black Monday”. Dow

Read More »

Amazon (AMZN) Stock Down 4% Even Though It Announces $25M COVID-19 Fund for Employees

March 12, 2020

Amazon stock has not responded favorably to the company’s announcement of a $25 million coronavirus fund that it set up for employees.Even the world’s biggest companies are suffering under the effects of the coronavirus. Apart from the fall in their stocks, some of these companies can no longer handle business the way they normally would because of a high risk in the chance of infection. Amazon’s business is also significantly affected because of its high reliance on products from China. Amazon.com Inc (NASDAQ: AMZN) stock is also taking a plunge and has lost considerable weight.Amazon (AMZN) Stock FallingYesterday, Amazon stock lost 3.75% and closed at $1,820.86. Market analysts believe that the lockdown in China which has caused production in the country to drop will deplete AMZN even

Read More »

European Stocks Slide 6.4%, Travel Down 10%, Trump Imposes Travel Ban from Europe

March 12, 2020

European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.As the coronavirus continues to spread, several countries are increasing the measures they are taking to curb the infection. Many parts of China, where the virus first originated, are still on lockdown. Italy, which currently has the second-highest number of infections, has also imposed restrictions on several parts of the country. Confirmed cases in the United States are also increasing rapidly, causing President Donald Trump to initiate a travel ban on specific countries in Europe. The announcement has affected European stocks and even travel volume.Trump Bans Travel from EuropeU.S. President Donald Trump has announced a ban on travel

Read More »

Facebook’s Libra Rival Celo Launches 50-Member Alliance for Prosperity

March 11, 2020

Celo has announced an Alliance for Prosperity with 50 members as it moves forward with its payment plan in competition with Facebook’s Libra.Since Facebook Inc (NASDAQ: FB) announced the Libra project, its future has been very shaky. There has been so much backlash from the public and also from the government that many people concluded that it might never see the light of day. However, as Libra is fighting to stay alive, the Celo project is competing quite favorably and has taken a page out of the Facebook playbook with the announcement of an alliance.Celo Announces Alliance Similar to Libra AssociationIn an official announcement posted today, the Celo Foundation has revealed the Celo Alliance for Prosperity. The alliance already consists of fifty founding members for an “open,

Read More »

Novavax (NVAX) Stock Jumped 6% Yesterday on $4M Funding for Coronavirus Vaccine Trial

March 11, 2020

Novavax (NVAX) stock jumped again yesterday after it received a $4 million award to be pumped into developing a vaccine for COVID-19. However, today it is falling.Since the coronavirus epidemic worsened, the stock market has been a lot more unreliable than ever. Stocks that had shown a lot of promise since the year began, have crashed considerably and are still bleeding. There are a few stocks that seem to be well-positioned for an increase if the epidemic continues to get worse. However, of them all, biotech stocks are probably in the best position. Novavax Inc (NASDAQ: NVAX) stock is one that has enjoyed a rise on positive COVID-19 news for the company.Novavax Stock Is on RiseMaryland-based American vaccine company Novavax is one of the biotech firms currently working on tackling the new

Read More »

Google (GOOGL) Stock Rose 5%, Remote Work Recommended in North America

March 11, 2020

Google (GOOGL) stock rose 4.88% on Tuesday as the company is expanding work from home recommendation to all North American employees and established ‘COVID-19 fund’To ensure employee safety and reduce the risk of an infection, a few companies around the world are asking their staff to work from home. As the coronavirus epidemic got worse in China and the government began its lockdown, businesses that could run remotely began doing so. Now that the virus is spreading across the world, other companies are starting to follow suit. Google LLC (NASDAQ: GOOGL)is now the latest company to introduce remote work because of COVID-19. Google Stock (GOOGL) has also put on a bit more weight.Google Reduces COVID-19 Risk via Remote WorkIn a memo sent about a week ago, Google asked its staff in Washington

Read More »

PayPal Stock Down 8.35% Yesterday Following Repeated Share Offloads by Company Execs

March 10, 2020

PayPal lost over 8% of its stock price yesterday as it feels the brunt of the biting coronavirus epidemic. The company’s execs have also been dumping shares.Just like many other companies, PayPal Holdings Inc (NASDAQ: PYPL) is not having a field day at all. The company’s stock is reacting quite unfavorably to the coronavirus epidemic burning large holes through the stock market. Currently, PayPal (PYPL) stock isn’t exactly doing great, causing the company and investors to be a little worried. While this worry is understandable, it will take a lot of effort for PayPal stock to survive the current market situation.PayPal Stock Fell YesterdayYesterday PayPal stock fell 8.35% and closed at $101.63. The company is not exactly crumbling but is a hard hit. At the moment, PYPL is trading up 2% at

Read More »

TSLA Stock Jumped 9.98% in Premarket, Elon Musk Says Tesla Has Produced 1 Million EVs

March 10, 2020

Elon Musk has announced that Tesla has now produced 1 million vehicles. Tesla (TSLA) stock positively reacted to this announcement and jumped almost 10% in the premarket.As many companies decry the current state of the market, some are still finding ways to weather the storm. The world’s biggest firms including Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA), have seen record plunges in recent times, because of the coronavirus pandemic. Tesla, however, is forging ahead and still boasts of interesting gains even as a lot of its 2020 returns were wiped out. Tesla (TSLA) stock has now gone up as Elon Musk announced a milestone achievement.Elon Musk Announces Tesla Record AchievementIn a recent tweet posted a few hours ago, Tesla CEO Elon Musk announced

Read More »

Inovio (INO) Stock Crashes Over 30%, Citron Research Casts Doubt on Coronavirus Vaccine

March 10, 2020

Inovio (INO) stock has now erased some of its YTD gains after Citron Research suggested the company was grandstanding. Citron’s analysts now put INO at $2.Several factors affect the volatility of financial markets all over the world. In recent times, it’s been the coronavirus outbreak. The uncertainty and fear have caused a general plunge in the markets. However, some stocks – specifically biotech companies – rode on the epidemic for a time, and increased in value. Inovio Pharmaceuticals Inc (NASDAQ: INO) is the prime example here with mouth-watering year-to-date (YTD) returns on its stock, until Citron Research recently announced a grim forecast for the stock.Citron Says Inovio Will CrashPopular online investment and research newsletter Citron Research has slammed Inovio stock (INO),

Read More »

Oil Companies Stock Down as Dow Jones Plummets 1,800 Points, Biotech Stocks Also Bleeding

March 9, 2020

Dow Jones has lost over 1,880 points due to a row of factors including Saudi’s oil price slash as well as the coronavirus that is quickly spreading. More bleeding is expected.All over the world, markets have been feeling terrible effects of the coronavirus COVID-19 outbreak. In recent times, the epidemic has caused stocks to plunge considerably, with a lot of companies seriously bleeding. Projections for the coronavirus have been quite pessimistic with forecasts that things will get worse. While everyone is still significantly confused, the oil market has added to the terrible effects of the coronavirus, so much that the Dow Jones Industrial Average (DIJA) has shed considerable weight.Dow Jones CrashesThe U.S. stock market temporarily suspended trading today for 15 minutes, after the Dow

Read More »

Ripple and Coinone Partnership Expands Quickly in Newly Opened Korean Remittance Market

March 6, 2020

The partnership between Ripple and Coinone is spreading quite impressively and controlling a large part of the Korean international remittance market.Ripple’s efforts at changing the face of worldwide remittance have brought the company a lot of recognition. Especially as far as cryptocurrency and blockchain technology are concerned, Ripple is easily atop most other companies looking to fuse remittance with crypto. RippleNet now boasts of hundreds of partners and the company keeps spreading the network. Also, as far as the Korean market is concerned, Ripple is spreading quite rapidly via Coinone, a crypto exchange based in South Korea.Ripple and Coinone Expand Korean Remittance MarketIn an official publication, Ripple has highlighted the relationship between the two companies. Ripple says

Read More »

Reserve Bank of India Plans to File Review Petition against Supreme Court’s Crypto Ruling

March 6, 2020

The Reserve Bank of India is unhappy with the Supreme Court’s ruling in favor of crypto services and is looking to file for a review petition.Most times, authorities in a country are somewhat in sync about what they think the state of cryptocurrency should be. There are many countries that are strictly against crypto. In some other places, the fight is against decentralized digital assets, spurring the development of their own national digital currencies. China, for example, is strongly against decentralized crypto and is working hard at creating a digital yuan. In India, however, the case has just become more straightforward. The Reserve Bank of India (RBI) recently lost its case against crypto at the Supreme Court. It is now planning to file a petition review.Reserve Bank of India to

Read More »

JPMorgan (JPM) Stock Down 4.91%, CEO Jamie Dimon Recovering after Emergency Heart Surgery

March 6, 2020

JPMorgan (JPM) stock has lost nearly 5% of its weight as news that the company’s CEO will be away after his emergency surgery makes the rounds. In the premarket, the stock is 3.48% down.American multinational investment bank and financial services company JPMorgan Chase & Co (NYSE: JPM) recently informed its staff of the CEO’s health issues. In a note to employees all over the world, the bank said that CEO Jamie Dimon underwent emergency heart surgery to prevent his health from deteriorating any further. The note was written in high spirits and specified that the JPMorgan CEO was doing well and recovering properly. Regardless, JPM stock closed lower yesterday and even dropped further in premarket trading.JPMorgan CEO RecoversAccording to reports, Dimon, 63, was preparing for work on

Read More »

Bitcoin Price Rises Back Above $9,100 as Bitcoin Halving Is Less Than 10,000 Blocks Away

March 5, 2020

The Bitcoin price is rising steadily again and has crossed $9k. BTC halving is getting closer and closer with less than 10,000 blocks away.Bitcoin seems just about ready for its upcoming halving as it’s starting to climb back up again. Just as the month was starting, Bitcoin tried to hit the $9,000 mark. Its inability to do so at the time was touted as a big problem especially since the halving is drawing closer. Now, Bitcoin has begun rising steadily and has successfully scaled the $9,000 the market has been waiting for. The good news puts the market at ease that the Bitcoin price will react positively to the halving, as it’s currently trading above the $9k mark.Bitcoin HalvingThe Bitcoin halving is currently less than 10,000 blocks away. According to a live halving countdown with varied

Read More »

Apple (AAPL) Stock Rose 4.64%, Analyst Predicts iPhone 12 ‘Supercycle’ Thanks to 5G

March 5, 2020

As Apple stock rises to correct its market plunge, an analyst has confirmed that the company’s upcoming 5G iPhone 12 will ensure a bull run. AAPL was up yesterday but started falling in the premarket.Long after it’s over, the world will remember the coronavirus epidemic as one of the most worthy adversities the stock market faced in 2020. Several stocks are having a terrible time maintaining proper health as the virus continues to rage on. In addition to this, the immediate outlook isn’t very encouraging because the virus still seems quite far from containment. However, regardless of the plunges, people are still bullish on stocks like Apple Inc (NASDAQ: AAPL), which have plunged considerably. According to popular analyst Dan Ives, Apple stock will surge, thanks to 5G.Apple (AAPL) Stock to

Read More »

Inovio (INO) Stock Rises 7.72%, 1 Million Coronavirus Vaccine Doses Expected by Year End

March 5, 2020

Inovio(INO) stock is enjoying the rally as it put on almost 8% weight days after it announced that it will be speeding up plans for its coronavirus (COVID-19) vaccine.There are a few biotech companies currently working on treating the new coronavirus COVID-19 strain. For these companies right now, nothing is more important than giving the world a solution to either treat or prevent new cases of the virus, via a vaccine. While there is considerable progress being made by these firms, Inovio Pharmaceuticals Inc (NASDAQ: INO) seems to be atop that list and with its stock largely benefitting for the company’s plans. At the moment, Inovio stock (INO), seems unstoppable.Inovio (INO) Stock Pumps AgainInovio recently announced that it will be speeding up its timeline for the development of its

Read More »

XRP Price Up 25% in 2020 but Stopped at $0.23 as Ripple Moves over 70 Million XRP

March 4, 2020

The price of XRP has been impressive this year. However, some fear is setting in as large transactions are recorded on the XRP Ledger.Members of the XRP and Ripple community are optimistic that 2020 will be a much better year for the asset than 2019 was. Last year, XRP did not sail very smoothly and compared to other assets atop the list of the market’s largest players, it was disappointing. However, if the first two months of the year are significantly considered, XRP might have an interesting year ahead. Already, its 2020 gains are encouraging and might help the XRP price even as the XRP Ledger records heavy activity.XRP Price ActivityIn December last year, XRP seemed to bottom out at $0.17. Since then, it has somehow received a fresh breath of life and has been moving quite

Read More »

Facebook to Develop Several Fiat-Pegged Digital Currencies in Addition to Libra

March 4, 2020

Facebook has changed plans for crypto and has decided to develop and issue multiple digital fiat-pegged assets in addition to Libra.Facebook Inc (NASDAQ: FB) has had a rough time with regulatory authorities and the U.S. government since it announced plans for a digital currency. When Facebook unveiled plans for the Libra, it probably did not expect the amount of backlash it got in response. Many institutions were worried about the power the Facebook company has and how it could affect how money is used. Governments were also worried about monetary sovereignty and how the Libra could disrupt this. Also, the U.S. government said it simply didn’t trust Facebook to handle a far-reaching project like this. Now, Facebook is changing plans for the Libra.Facebook Revamps LibraAfter a long period

Read More »

Costco (COST) Stock is the Winner of Monday’s Rally with 9.96%, Today It’s Also in Green

March 3, 2020

Costco stock is directly poised to enjoy a heavy surge in related supplies as the coronavirus outbreak causes people to start bulk buying.Because of the coronavirus epidemic, news about stock crashes are no longer surprising. Many companies have had some losses because the outbreak has serious adverse effects on their books and their general business. What makes the situation worse is that the coronavirus is still spreading and there is little to no hope of a solution anytime soon. However, some stocks seem to be properly braced for impact and are still climbing higher in a season of plunges. One of those is Costco Wholesale Corporation (NASDAQ: COST) stock.Costco (COST) Stock JumpedIn the U.S., authorities have confirmed that there are 91 cases of the new coronavirus COVID-19 strain.

Read More »