Markets

Kraken’s London-based subsidiary, Crypto Facilities, has reportedly become the first firm to get a trading license from the UK regulator, the Financial Conduct Authority (FCA).Kraken’s Crypto Facilities Becomes First in Europe With Trading LicenseAccording to Financial News on Monday (July 6, 2020), the Multilateral Trading Facility (MTF) license will enable the crypto futures platform to offer its derivatives market to institutional investors. Timo Schlaefer, Chief Executive at Crypto...

Bitcoin has a new fan. Comedian Bill Burr, arguably one of the biggest comedians in the world following his Netflix special “F Is for Family,” announced that he is going to invest in the world’s number one digital currency by market cap after speaking with bitcoin bull and investor Anthony Pompliano.Anthony Pompliano Can Chalk Up Another Investor to His CreditPompliano was recently a guest on Burr’s podcast, and after a conversation that lasted more than an hour and 25 minutes, Burr found...

Amazon (AMZN) stock is trading at over $3,000 now. Analysts say that the stock has enough power to move even higher soon.Amazon.com Inc (NASDAQ: AMZN) stock has shown an impressive run this year, gaining 57% year to date. Some market analysts say the stock value would go even higher. The company’s stock made gains on Thursday reaching another all-time high of $2,955.56. The recent gains by the stock have boosted the value of Jeff Bezos‘s wealth by $57 billion. Today Amazon stock has managed...

Tesla – the car company brought to fruition by South African entrepreneur Elon Musk – now has a total market cap exceeding bitcoin, the world’s number one cryptocurrency by market cap.Elon Musk Sees His Company Grow to New HeightsThe news broke on July 2 when Tesla shares soared following a report that the company had sold more than 90,000 individual vehicles during the second quarter of 2020, well beyond any analyst’s expectations. The car company is now slated to move up into “Amazon...

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...