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Chinese Stocks Plunged in February on Account of Coronavirus, Markets Bounce Back

On account of the coronavirus outbreak, China’s manufacturing output has plunged to record lows in February as several factories were shut down. Central banks across the globe are willing to take corrective measures to ensure financial stability.The Chinese economic outlook is turning from bad to worse over the rising number of infected coronavirus cases, the Chinese stocks fell drastically. Last month, the Chinese government asked all companies and manufacturing units to shut down their...

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Ripple Claims Asset-Backed Stablecoins Could Launch on XRP Ledger

According to Ripple CTO David Schwarz, stablecoins are a major trend among institutions and even the Central Banks this year. It is expected that stablecoins will soon launch on the XRP ledger.Ripple‘s network RippleNet has been known as a secure way to bundle worldwide payment transactions in one place and connect users’ development activities. With its intelligent node identification, the network is significantly faster than comparable payment networks. Besides, charges are calculated...

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XRP Price Data Is Greatly Influnced by ‘Crypto Twitter’

The recent analysis has shown that such a factor as a number of mentions on Twitter has a great influence on the price of XRP.Crypto Twitter has done it again, this time XRP is the focus. Recent findings suggest that the guys ( and gals) who make up ”crypto Twitter” have been doing their thing again. They have reportedly influenced the last bull run that XRP went through. As of today though, XRP is currently at $0.23. This is a far cry from the ten-cent rise (to $0.33) last month. This also...

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Bitcoin Maintains The Crucial Support Ahead Of New Week: Monday’s Crypto Market Watch

After last week’s plunge of over $1,500, Bitcoin rattled its 2020 positive run. The question remained if the $8,500 critical support level could hold the downfall, and, so far, it has.The largest cryptocurrency dipped below it to $8,440, but it managed to recover quickly. At the time of this writing, Bitcoin is trading at approximately $8,700.If BTC continues to increase, the first significant resistance level lies at $8,800, followed by $9,000. The latter also serves as a major psychological...

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Ripple Releases One Billion XRP from Escrow Worth $226 Million

Once a month, one billion XRP coins get unlocked from Ripple’s escrow wallet, which ensures that the company’s large stash of the cryptocurrency (over one-third of the total supply of the asset) does not get depleted too fast.Ripple just unlocked one billion XRP from escrow. The amount is worth approximately $226 million. This move has been spotted by cryptocurrency whale watchers and now the question is up again regarding the quantity of the XRP the San Francisco-based startup is selling on...

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Binance Announces First Ever Bank Integration For Direct Turkish Lira Deposits And Withdrawals

Leading cryptocurrency exchange, Binance has partnered with Akbank, one of Turkey’s most forward-thinking banks to provide the first direct bank channel integration for instant fiat deposits and withdrawals, according to a press release shared with Cryptopotato. Starting today, the integration will allow Turkish users on the Binance trading platform to instantly deposit and withdraw the Turkish Lira (TRY) at the most competitive fees, both on desktop and the iOS app.Lowering The Barrier Of...

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Dow Futures Surge as Investors Shrug Off Coronavirus Concerns

After a massive bloodbath last week, the markets are showing signs of recovery as indexes turn positive. Dow Futures are surging. But China’s manufacturing Index for February has scored below market expectations.Last week, the rising cases of coronavirus globally pushed the traditional stock markets in a bloodbath. All indices – Dow Jones, S&P 500, and Nasdaq – corrected around 10%. This was the fastest correction witnessed by the market since the global economic recession of...

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BMW, Audi, Porsche, Bentley to Livestream Their New Models as Geneva Show Is Called Off

The 2020 Geneva Motor Show is canceled after the Swiss government banned gatherings of 1,000 people or more due to concerns over the coronavirus. Now, most of the companies including BMW and Bentley will livestream their new models to the public.After Geneva International Motor Show was canceled due to rapidly spreading coronavirus, carmakers BMW, Porsche and Bentley decided to debut their new cars online. This isn’t anything unexpected since this approach has been already taken by some...

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TSLA Stock May Be Falling but It Is Still Above Its Milestone of $420

Dow Jones futures rose early Monday, along with S&P 500 futures and Nasdaq futures, after initially plunging Sunday. TSLA stock has also started growing in the premarket.As the infamous COVID-11 progresses, investors are worrying more and more every day. Everybody’s talking about how nobody expected that a virus will become a so-called ‘Black Swan’. Just for reminder, we call Black Swan any unpredictable event that is beyond what is normally expected of a situation and has potentially...

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Elon Musk Predicts that Chinese Economy Will Surpass U.S. at Least Twice

Elon Musk believes that it would be easy for China to surpass the U.S. in economic size. His prediction is not baseless as China is the fastest-growing trillion-dollar economy.On February 26, the Air Force Association’s Air Warfare Symposium (AWS) began in Orlando, Florida. AWS is a premier event for the aerospace and defense industry that brings together the top leadership of the Air Force and leaders in the industry, academia, and government officials. During the event, the issues and...

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