Crypto news

With coronavirus outbreak spreading a lot of fears to the global investors, talks of a vaccine are bolstering the Moderna (MRNA) stock value. However, it is still an early call, as the vaccine takes over a year to go through the regulatory testing rounds.The stocks of biotechnology company Moderna Inc (NASDAQ: MRNA) rocketed approximately 23 % on Wednesday after the company announced that the progress in making another experimental vaccine for a virus tied to birth defects is going at faster...

Though Ripple hoped that it would manage to stop its class-action lawsuit, the legal battle seems to continue.A federal judge from California has ruled against the request from Ripple to stop a class-action lawsuit that claims the company sold XRP to its customers as an unregistered security. This means the case will go ahead as planned initially, a big blow to the XRP and Ripple community at large.Ripple had requested to stop the lawsuit back in December 2019, where Judge Phyllis J. Hamilton...

It has become known over $190 million worth of Bitcoin long and short positions were liquidated on well-known derivatives exchange BitMEX.Bitcoin price dropped to $8,593. This development occurred yesterday. Sources indicated that the cryptocurrency markets lost big time. $190 million in Bitcoin was reportedly liquidated on the BitMEX exchange.Bitcoin Liquidation on BitMEXThese assets were formerly in the form of derivatives before their liquidation. They were also a combination of long and...

Tezos saw a small bounce after testing a key support area across major trading pairs.If XTZ can gain momentum above immediate resistance, a short-term bullish move is expected to kick.The bearish pressure may resume if the current support fails to hold.XTZ/USD: Tezos Struggles At Resistance, Can It Break Above $3Key Resistance Levels: $3.6, 4, $4.2Key Support Levels: $2.9, $2.55, $2XTZ/USD. Source: TradingViewAs per our previous XTZ analysis, the cryptocurrency began another downward move...

Microsoft (MSFT) stock fell 1.76% in pre-market trading on Thursday, a day after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows.Microsoft Corporation (NASDAQ: MSFT) said on Wednesday it probably will not meet the quarterly revenue guidance due to the coronavirus it previously said it will. In the official statement, the company said that on January 29, as part of its second quarter of the fiscal year 2020...

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

Amazon (AMZN) stock has been already seriously hit by the coronavirus and things might get a lot worse for the e-commerce giant very soon if nothing changes.Many companies, regardless of their size, are still reeling from the general effects of the coronavirus. These companies are having a hard time controlling losses and maintaining their normal core functions as the epidemic continues to spread. Since the coronavirus has been worsening, the markets have been taking a much deeper plunge and...

Fear, uncertainty, and doubt are causing the global community at large to panic over the potential implications of the coronavirus. The chairman of Virgin Galactic Chamath Palihapitiya believes that in the current situation it would be sensible to keep 1% of assets in Bitcoin.We were already writing numerous times how Bitcoin (together with other cryptocurrencies) is a good asset to have when things are going rough. Nowadays, we are witnessing, not just geopolitical tensions between the...

XRP dropped by a total of 3.4% over the past 24 hours of trading, bringing the price down to $0.233.The cryptocurrency penetrated beneath the 200-days EMA and continued below the 100-days EMA.XRP also fell as low as 2550 SAT against Bitcoin before rebounding higher.Key Support & Resistance LevelsXRP/USD:Support: $0.227, $0.217, $0.21.Resistance: $0.235, $0.245, $0.25.XRP/BTC:Support: 2600 SAT, 2550 SAT, 2525 SAT.Resistance: 2710 SAT, 2750 SAT, 2800 SAT.XRP/USD: Ripple Breaks 200-days and...

Some companies had their stocks in the news recently as prices changed for different reasons. And one of them is the ongoing coronavirus outbreak.At pretty much any point in time, the movement of the individual stocks in the equities markets all over the world easily makes news. Analysts are always with their ears to the ground, trying to figure out why certain stocks are performing the way they are. If they soar, most times, it’s a direct effect of certain market factors or decisions the...