Markets

India’s fastest growing telecom giant Reliance Jio is posing a big competition to Zoom as it is launching its own video conferencing app JioMeet without any time-limits on the video calls.India’s telecom giant Reliance Jio has created a massive buzz in the Indian stock market despite the COVID-19 economic crisis. Last Thursday, the Mukesh Ambani-led Reliance Jio launched its native video conferencing app JioMeet taking on the mighty Zoom Video Communications Inc (NASDAQ: ZM) on its home...

Expedia and Travala.com Join Forces to Offer Frictionless Cryptocurrency Travel Booking Expedia Partner Solutions (EPS), one of the brands of Expedia Group, has launched a new partnership with Travala, the leading cryptocurrency-friendly accommodation booking platform with over 2 million hotels in 230 countries. Powered by EPS’s versatile API, Rapid, more than 700’000 Expedia Group hotels and accommodations are now available via...

Tesla (TSLA) stock jumped 5.5% in the pre-market. The company is diversifying its product range taking reservations for Cybertruck in the Chinese market.After closing the markets yesterday with a significantly huge breakout, Tesla Inc (NASDAQ: TSLA) shares are now aiming at setting a new ATH, which might be attained soon enough. Led by the ambitious engineer Elon Musk, the company is proving to be the giant ready to tackle any hurdle in the future. Meanwhile, Tesla offers its customers in...

On July 2, Johnson & Johnson (JNJ) stock closed 0.51% up, at $140.97 per share. In the pre-market today, it is 1.15% up, $142.59 per share.Companies taking part in the coronavirus vaccine race fall into the category of the most closely observed market players at present. One of them is Johnson & Johnson (NYSE: JNJ). Johnson & Johnson stock has been showing pretty good performance this year due to the company’s progress in vaccine development. However, now this smooth running is...

Valued at $2.65 billion, the acquisition deal with Postmates will help Uber Eats to expand its network comprising of operation in about 6000 cities across 45 countries.As a means to expand its food delivery network, Uber Technologies Inc (NYSE: UBER) through its food delivery service Uber Eats has completed its acquisition deal with Postmates as reported by Bloomberg on Sunday. Although the deal has not been made official, the story corroborates the attempt by the Uber subsidiary to acquire...

Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar.News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets.Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the cake and the prelude to entering new crypto-friendly markets.Having obtained the distributed ledger technology license from...

Stellar lumen price recovered nicely after a sharp decline and settled above $0.0620 against the US Dollar.XLM price is currently consolidating above $0.0650 and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.0670 on the 4-hours chart (data feed via Kraken).The pair could start a fresh rally if it breaks the $0.0670 and $0.0680 resistance levels.Stellar lumen price is trading in a positive zone against the US Dollar and bitcoin. XLM...

Ripple price is likely forming a strong support above the $0.1735 level resistance against the US dollar.The price is slowly rising above $0.1750 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1760 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of upside continuation above the $0.0178 and $0.0180 resistance levels.Ripple price is starting a decent increase from the $0.1692...

Twitter and cryptocurrency have always been rather supportive of each other, especially considering CEO Jack Dorsey’s stance on bitcoin. Now, it looks like Binance Coin – the native currency of the popular cryptocurrency exchange Binance – is the third digital asset in the world to garner its own emoji hashtag.BNB Coin Gets Its Own EmojiThe first cryptocurrency to garner an emoji was bitcoin, of course. The second is Crypto.com currency CRO. Now that Binance Coin has joined the ranks, several...

Bitcoin’s average monthly price has appreciated by almost 80 percent since March’s Black Thursday crash. But as per the latest data from CoinGecko, spot trading volumes have gone down by 28 percent quarter on quarter. Are BTC investors holding more than trading?Bitcoin Price is Up, While Trading Volumes are DownCoinGecko shared Part 1 of its Q2 2020 quarterly crypto market report. The crypto market data platform posted highlights from the report in a series of tweets.One of them pointed out...