Markets

Due to the COVID-19 pandemic experts believe that Tesla Q2 results will be pure than in the first quarter. However, today TSLA stock is slightly up.Tesla Inc (NASDAQ: TSLA) stock prices went down by 2.66% in the last trading session but were up in the pre-market and are slightly down now as the market opened on Monday. At the time of writing, TSLA is trading at $967.38 (+0.80%). This occurred as Tesla is expected to report the Q2 sales.The good thing is that despite the COVID-19 pandemic, car...

The global markets remain jittery as the total COVID-19 death count crosses the half-a-million mark. The WHO has warned of the latest acceleration in global access and called for new measures to combat this pandemic through public-private partnerships.The coronavirus cases continue to surge in the U.S. and worldwide leaving global markets jittery. After facing some earlier drag down today, the U.S. stock futures are hovering around the flatline. All three major indices – the Dow Futures...

The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday.Balancer Lost $500k In Pool VulnerabilityDeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s pools. News about the hack emerged on social media on Sunday evening, but Balancer did not issue an official report until this morning.According...

Facebook suffers from a massive boycott by large companies of its ad platforms. The reason for this boycott had to do with hate speech and misinformation currently on social media platforms.Unilever NV (NYSE: UN), the multinational consumer goods company, decided to suspend its advertising on Facebook‘s (FB) platforms. It is going to pause investing in Facebook ad for the rest of the year. This move alongside other companies caused a massive drop of $56 billion in the market capitalization of...

Currently, Bitcoin is trading at $9,107.86. The prognosis by Crypto Research Report implies a price increase of more than 3,500% for BTC by 2030. Crypto Research Report, a company that focuses on crypto-assets studies, has released its June 2020 edition. There, Crypto Research Report shared its vision of valuation of major altcoins, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM).And the prognosis the analysts give for crypto prices are dazzling....

Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance.Trading COMP With 50x LeverageStarting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x.Unlike traditional futures contracts, a...

Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately.BTC Between $6k And 10KThe price of the primary cryptocurrency has been on a roller-coaster since the start of the year. It entered the new century at about $7,200, but the bulls quickly took charge and spiked it to above...

Stellar lumen price declined sharply after it failed to clear the $0.0720 resistance against the US Dollar.XLM price tested the $0.0500 support level and settled well below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0650 on the 4-hours chart (data feed via Kraken).The pair is likely to resume its decline if it fails to clear the $0.0660 and $0.0680 resistance levels.Stellar lumen price is currently recovering from the $0.0500...

Ripple price started a fresh decline after it failed near the $0.2000 resistance against the US dollar.The price is now trading well below the $0.1850 level and the 55 simple moving average (4-hours).There is a significant bearish trend line forming with resistance near $0.1820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to face a strong selling interest near the $0.1820 and $0.1850 levels.Ripple price is currently correcting higher above $0.1750...

Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce.At the same time, famous gold-bug Peter Schiff believes its price could reach a new all-time high even before the end of the year, especially if President Trump loses the election.Goldman Sachs Bullish on GoldWhile the giant multinational investment bank recently seemed somewhat pessimistic regarding Bitcoin’s role in the...