Crypto news

After a two-year crypto ban imposed by the Reserve bank of India, the Supreme Court has decided to allow cryptocurrency trading.The crypto ban has been reversed in India. Sources have reported that the Indian Supreme Court decided to overturn the two-year-old ban. Many within the crypto space have been jubilating concerning the given judgment. The verdict has been seen by many as a gamechanger for cryptocurrencies in India and Asia. The Reserve Bank of India (RBI) had previously banned crypto...

Today we live in the information age, and access to information is unlimited. And that produces the paradox of misinformation. That’s why it’s more important than ever to have someone to trust, with access to truthful information and advanced tools for any activity related to the investment. This is the case of worldmarkets.com with its investment based on trading with AI.The main point of WorldMarketsToday, the most interesting feature of WorldMarkets is, without a doubt, its trading system...

An Amazon employee in Seattle tested positive for COVID-19. Amazon stock (AMZN) lost over 2% on Tuesday but started gaining again in the premarket.Amazon.com Inc (NASDAQ: AMZN) announced yesterday that one employee who works in one of its Seattle, Washington, offices has been tested positive for the coronavirus.After the news, the Amazon (AMZN) stock price lost 2.3% and fell to 1,908.99 amid coronavirus. Now in the premarket, AMZN is 1.99% up. Its price is $1,947.The company told the...

JMP said its new price target of $1,060 for Tesla (TSLA) stock, is one of the highest on Wall Street and implies earnings multiple that “may seem excessive”.Shares of electric carmaker Tesla Inc (NASDAQ: TSLA) grew on Tuesday after JMP Securities upgraded it and set a price target of $1,060 per share. That would mean that Tesla is among the stocks with the highest level on Wall Street.From JMP Securities it’s said that the “investors may find themselves with additional near-term opportunities...

The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent report indicated that Facebook and its Libra partners are considering redesigning the acceptance of multiple currencies once the project is launched.New Plans For LibraWhen announced in June 2019, Libra attracted a massive world’s attention. As Facebook is one of the most recognizable brands over the past decade, planning to create its...

Veteran analysts from Wall Street warn investors that we are at the brink of the next economic recession and it could be possibly worse than the 2008 financial crisis.The coronavirus spread has exacerbated over the last months thereby severely impacting markets worldwide. On Tuesday, the Federal Reserve pressed the buzzer by offering rate cuts amidst rising concerns of the U.S. economic crisis. While the Fed is attempting to boost the crashing markets, analysts think it is not enough.Nouriel...

At 7.30 p.m. EST, the U.S. stock market indexes were up, and futures started soaring. By the moment of writing, Dow futures have already gained around 400 points. Wednesday began with U.S. stock futures climbing in the early morning following Super Tuesday election results. Dow futures soared by 371 points at the open, S&P 500 futures climbed 1.4%, and Nasdaq futures were up 1.5%.Notably, yesterday, the stock futures market was in a downturn. It closed with the Dow Jones futures lower by...

Inovio plans to start a clinical trial of its coronavirus vaccine in the U.S. next month with the thought to expand to China and South Korea shortly thereafter.Inovio Pharmaceuticals Inc (NASDAQ: INO) is up over 18% in the premarket. Now its price is $8.80. But on Tuesday its results were even more impressive. INO stock gained practically 70%, reaching the level of $7.45. It happened after Inovio announced it has been speeding up the timeline for the development of a vaccine to treat the...

XRP continues to maintain the $0.227 support as it recently made attempts to break $0.24.The cryptocurrency has lost a total of 15% over the past two weeks of trading but is doing well to remain above the $0.227 support.Against Bitcoin, XRP is struggling to break resistance at 2700 SATs.Key Support & Resistance LevelsXRP/USD:Support: $0.227, $0.22, $0.217.Resistance: $0.245, $0.25, $0.26.XRP/BTC:Support: 2640 SAT, 2600 SAT, 2550 SAT.Resistance: 2700 – 2710 SAT, 2750 SAT, 2800 SAT.XRP/USD...

The 10-year and 30-year Treasury bond yields are currently at their historic lows. Tuesday’s FED rate cuts have surprised traders as investors are now leaving stocks aside and moving for safer bonds.The economic effects of the rising coronavirus spread have forced policymakers to take instant corrective measures. Last week, the S&P 500, Nasdaq, and Dow Jones plunged around 10%, one of the nastiest corrections in the market after the 2008 financial crisis. To combat it, the Federal Reserve...