Crypto news

Without a doubt, investors should brace themselves for more declines in Microsoft (MSFT) stock as the coronavirus rages on. But for investors with a longer-term view holding on to this software giant should prove to be a smart move.Stocks on Wall Street traded higher in the premarket on Tuesday following a report that a drug made by American company Gilead Sciences will soon start trials on patients infected with the coronavirus. Last night, the Dow Jones recorded its largest daily point...

Tim Draper wants the U.S. to become a Bitcoin nation with free 5G, no borders for honest workers and Universal Minimum Income set in cryptocurrency. However, he is not going to participate in next elections.Tim Draper is a famous venture capitalist and cryptocurrency market whale. He was constantly buying large portions of Bitcoin since 2014, claiming that the future will not be centralized. Now, he claims that the United States deserves significant monetary changes.Back in the days the U.S....

Ethereum price goes up as bulls seem like waiting for major bullish action. The developers are teasing the community with ‘big code update’ and prepare several possible upgrades, both controversial and useful.Since the lows of Q4 2019, Ehtereum price and network has gained significant steam. The hash rate, transactions per day, and the number of active addresses all rising. The network currently consists of around 7,100 public nodes. During the last 24 hours, ETH shows $3,71 billion of the...

Led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, a G-7 call will be devoted to the discussions of the coronavirus outbreak and its economic impact.Financial ministers and central bankers from all over the world are planning to hold a conference call on Tuesday in order to coordinate their financial and economic responses regarding the spreading coronavirus. The teleconference call will be led by Treasury Secretary Steven Mnuchin and Federal Reserve...

Robinhood online brokerage app crumbled on March 2 when the Dow Jones gained its most single-day points, leaving investors frustrated unable to take advantage of the market recovery.After the stock markets imploded last week due to the fears of the coronavirus spread, traders were ready on March 2 to cut some of those losses. However, that was not meant to be for all Robinhood investors. Robinhood, the brokerage platform, suffered a prolonged outage and was offline for a whole U.S. trading...

The UAE-based National Bank of Fujairah PJSC (NBF) said that it will use the RippleNet platform for facilitating instant payment and settlement solutions to its customers. The NBF bank has also partnered with India’s IndusInd Bank to use this facility for its Indian customers.In the latest development, blockchain startup Ripple has inked a new partnership with the UAE-based National Bank of Fujairah PJSC (NBF). The announcement reads that the partnership aims to use Ripple’s RippleNet...

Apple played a significant role in Monday’s historic rally. Shares of the iPhone maker soared 9.3%. It was the AAPL stock’s largest one-day move in more than 11 years.Apple Inc (NASDAQ: AAPL) rose more than 9% on Monday which was the best day for it in 11 years. The company announced it will pay up approximately $500 million to settle lawsuit among American customers who said the company is intentionally slowing down older iPhone models. It closed on the aftermarket at the price of...

The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.Stocks made quite of a ricochet yesterday after their worst week since the financial crisis back in 2008. The Dow Jones Industrial Average posted its best gain in more than 10 years mostly boosted by the expectation that the Fed will lower interest rates.Dow Jones Industrial Average jumped over 1,290 points...

Ethereum rebounded by 3% from support provided by a rising trend line.The cryptocurrency had dropped by a total of 15% over the last week before the recent bounce.Against Bitcoin, Ethereum managed to remain above 0.025 BTC but is struggling at 0.026 BTC.Key Support & Resistance LevelsETH/USD:Support: $220, $215, $205.Resistance:$230, $240, $250.ETH/BTC:Support: 0.0255 BTC, 0.025 BTC, 0.0242 BTC.Resistance: 0.0263 BTC, 0.027 BTC, 0.0278 BTC.ETH/USD: Bulls Continue Battle To Defend...

Despite the massively weakening demand in the European market, the TSLA stock surged 11% on Monday beating down the bears. Reportedly Tesla is focusing on strengthening its position in the North American market.On Monday, March 2, the Tesla Inc (NASDAQ: TSLA) stock gained over 11% with its price moving close to $750 but Morgan Stanley still asks investors to be cautious. This recovery came amidst the broader markets showing marginal recovery on Monday. Although the COVID-19 cases have been on...