Markets

According to a recent report, three US-based cryptocurrency exchanges, namely Gemini, Coinbase, and Kraken, remain the platforms with the highest-ranking during Q2 2020.The paper also added that only 15% of exchanges claimed that they store more than 95% of their digital asset holdings in cold wallets.Top-Rated Cryptocurrency ExchangesIn its July report analyzing the performance of most cryptocurrency exchanges, CryptoCompare has utilized several features to separate and grade them. Those...

The US government is still working on regulations on third-party reporting for cryptocurrency trades. The transactions will be reported by crypto exchanges in accordance with Section 6045 of the Internal Revenue Code (IRC), a Treasury attorney said.Cryptocurrency Exchanges Will Share Client Data as Stipulated in Section 6045Erika Nijenhuis, senior counsel at the US Treasury’s Office of the International Tax Counsel, said in a webinar that the government was still preparing rules on...

Although the Twitter hack had some delayed effects on Bitcoin, the downward move was quickly disbanded, and BTC remained relatively calm.The altcoin market is again showing signs of volatility with numerous examples of double-digit gainers and losers, including Elon Musk’s favorite Dogecoin.Bitcoin Chills On FridayThe largest cryptocurrency by market cap has been stalled in a tight range from $9,000 to $9,300 for over a week now. The events that transpired a few days ago, namely the infamous...

Moderna (MRNA) stock price is rising. The rally is fueled by the company’s announcement that its COVID-19 vaccine candidate produced neutralizing antibodies in all 45 participants.Moderna Inc (NASDAQ: MRNA) stock rose by 15.88% to $92.72 to retest the previous ATH. Investors in the company had something concrete to hold on and wait for a higher call. The shares have not disappointed as they have returned more than 517% in the past year.For those who invested in the company during the...

During the past seven days, Bitcoin failed to surprise us with anything in terms of price action. It appears that the cryptocurrency continues with its somewhat dormant state as it remained stagnant and rangebound between $9,000 and $9,200.Yesterday, BTC’s price dropped from slightly above $9,200 to around $9,040, sparking worries that things might take a turn for the worst. However, the price has since rebounded, and it’s once again consolidating around $9,150.What Bitcoin lacked in price...

On July 16, Tesla stock closed 2.93% down, at $1,500.64 per share. After hours, it dropped to $1,488.04, losing 0.84%. In the pre-market today, Tesla stock was trading around $1,510 per share. Recently, the electric vehicles giant Tesla Inc (NASDAQ: TSLA) delivered its Q2 2020 sales report. It showed that the only U.S. vehicle factory of Tesla in California saw a significant plummet in deliveries. Meanwhile, Tesla (TSLA) stock dropped.According to Tesla, the company delivered 90,650 cars to...

BitcoinBitcoin saw a small 1% price decline this week, but it managed to remain within the confines of a symmetrical triangle pattern.Throughout the week, BTC attempted to break above the upper boundary of the triangle on numerous occasions but failed each time. The coin recently found support at the lower edge of the triangle.BTC can be considered directionless (neutral) until a breakout occurs from this triangle. If it breaks toward the upside, then BTC can be expected to head back to the...

Johnson & Johnson (JNJ) stock price is rising as the company is moving forward with its vaccine trials.Johnson & Johnson (NYSE: JNJ) is set to begin late-stage COVID-19 vaccine trials in September. It will be ahead of schedule. Meanwhile, Johnson & Johnson also indicated that its phase one trial should start next week. 1000 participants are expected for it. At the time of filing this report, in the pre-market, Johnson & Johnson (JNJ) stock price is $149.60 (+0.23%) and...

BlackRock declared revenue of $3.65 billion in Q2, 3.7% higher than in the same period last year. After the positive results, BLK stock is slightly up in the pre-market.BlackRock Inc (NYSE: BLK) has recently published its Q2 2020 financial results and joined the row of companies that have already done it earlier.The company declared that in the second quarter of 2020 its revenue was $3.65 billion which means that the figure has beaten the expectations by $100 million. As for year-to-year...

With a bit of delay following the Twitter hack, Bitcoin finally sees a slight movement downwards to $9,100. Interestingly, this time the three major US stock market indexes decrease in value with a similar percentage.The situation appears much more favorable in the low-cap altcoin market, as massive gainers include Aurora, Ampleforth, and Algorand.Bitcoin With A Quick DipFollowing the most discussed topic of the infamous Twitter hack from a few days ago, BTC’s involvement remained unnoticed,...