Markets

Another Fed stimulus package is expected as the U.S. authorities are trying to push the economy forward. Global financial markets are rising in response.All over the world, financial markets were dealt a tough blow because of the coronavirus pandemic. Because there was not a lot of industrial or financial activity, these markets significantly suffered. Now, even as business is slowly resuming, there is some good news from the U.S. as the Federal Reserve looks to intervene. The Fed has...

Tesla (TSLA) stock jumped over 2% in the pre-market to trade at around $1,000. The company announced that the price of its Model S Long Range Plus will be reduced by $5,000.Leading electric vehicle maker Tesla Inc (NASDAQ: TSLA) is stopping at nothing as it is fighting to keep its top position in the market amid the coronavirus pandemic. Despite the huge market disruption by the ongoing coronavirus crisis, its shares have been able to scale higher and anticipated to test even higher in the...

As part of its measure to cushion the effects of the coronavirus economic saga, the Federal Reserve will be investing about $750 billion in Individual Corporate Bonds. It will help provide adequate liquidity for government expenditure while boosting the credit system.Federal Reserve (Fed), the major institution tasked with the creation of monetary and economic policies that will heal the wailing economy, has announced it will begin to purchase Individual Corporate Bonds. This effort targeted...

A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum.Japan Adores Ripple (XRP)The popular Japanese exchange posted the survey on Twitter to check among its followers which are their most preferred cryptocurrencies.BitMax Cryptocurrency Survey. Source: BitMaxSomewhat expectedly, the largest...

Tron price is recovering nicely and trading well above the $0.0150 support against the US Dollar.TRX price is showing positive signs above the $0.0155 and $0.0160 levels.There was a break above a key bearish trend line with resistance near $0.0160 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue higher if it clears the main $0.0170 resistance zone.TRON price is slowly moving back into a positive zone against the US Dollar, similar to bitcoin. TRX price must break...

Ethereum price is recovering nicely from the $218 support zone against the US Dollar.ETH price must break the $235 resistance zone to continue higher in the near term.There is a key bearish trend line forming with resistance near $235 on the 4-hours chart (data feed from Coinbase).The pair could either rally above the $235 resistance or it might restart its decline below $225.Ethereum price is attempting a key upside break above $235 and $240 against the US Dollar. ETH/USD is likely to...

The stablecoin market continues to see explosive growth this year, hitting record highs. Findings reveal that the total supply for all stablecoins has surpassed the $11 billion mark, doubling its value since February.100% Growth in 4 MonthsThe market cap for stablecoins was just a little above $5 billion in January, and the number grows to $5.65 billion in February. Following the bloodbath in the crypto market on March 12, the stablecoin supply record unprecedented growth, racing to $10.4...

Moderna (MRNA) is up today. The rise may be attributed to news that the company’s coronavirus vaccine has passed a safety test on animals. Moreover, Israel is in talks with the company to buy its vaccine.One of the leading biotech companies that are working on developing a coronavirus vaccine, Moderna Inc (NASDAQ: MRNA) is presumably in the final stages of getting its vaccine approved. This is according to a preliminary report from the test series carried out on mice that indicate the vaccine...

The U.S.-based publicly traded companies show superior progress in moving to a record $2 trillion market cap. Of these, more expectations are on Amazon.While several companies are not proud of their valuation thanks to the impact of the coronavirus, a handful of others have benefitted immensely. While all businesses do not have similar business models, some in the eCommerce sector were able to provide crucial life support needed to cushion the ravaging effects of the COVID-19 lockdown. This...

€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C. fund will focus on investing in the blockchain sector, primarily in underdeveloped markets.€100M V.C. Fund To Invest In BlockchainThe people behind the V.C. fund are Nikola Stojanow and Luka Sucic. Stojanow is an industry veteran as the co-founder of Lichtenstein-based æternity blockchain and creator of A.E. Ventures. Sucic used to serve as the head of...