Markets

BitMEX, one of the largest crypto derivatives exchanges in the world, and its executives are facing a lawsuit accusing them of engaging in money laundering, wire fraud, racketeering and also unlicensed money transmission.In a controversial lawsuit, BitMEX, one of the leading crypto derivatives exchanges, has been accused by BMA LLC of engaging in cyber-crimes including money laundering, wire fraud, racketeering and also engaging in unlicensed money transmission. According to the lawsuit filed...

Moderna said its experimental coronavirus vaccine demonstrated immune responses in some of the healthy volunteers who were vaccinated in a clinical study. MRNA stock is up.There seems to be great news coming from American biotechnology company Moderna Inc (NASDAQ: MRNA). An experimental coronavirus vaccine that Moderna is evolving for a longer period now is started to show encouraging early signs that it can make an immune-system response in the body that could help to fight COVID-19 virus,...

Ford (F) stock price has risen by 6% today as automakers in the U.S. have started to resume operations after the coronavirus lockdown. It seems that the economy has come one step closer to the recovery.Ford Motor Company (NYSE: F) stock price rose in the pre-market by 3% and continues rising as the market opened today. This came as the U.S. auto industry is set to return to manufacturing. Things might not be as fast as before but things are returning to some semblance of normalcy.At the time...

Sorrento (SRNE) stock price continues to rise. Today it’s around 35% up in the pre-market. This occurred after the biotechnology company announced a breakthrough in its COVID-19 antibody research.Sorrento Therapeutics Inc (NASDAQ: SRNE) stock price rose by more than 244% during Friday’s trading session. This comes as the company announced a breakthrough that could end the COVID-19 pandemic once for all.Sorrento (SRNE) revealed that an antibody that it was developing showed “100% inhibition”...

Stellar lumen price found support near $0.0600 and started a fresh increase against the US Dollar.XLM price is now trading nicely above the $0.0650 resistance and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance at $0.0682 on the 4-hours chart (data feed via Kraken).The pair is likely to continue higher towards the $0.0760 and $0.0800 resistance levels.Stellar lumen price is currently gaining bullish momentum against the US Dollar,...

Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days.Bitcoin Price Takes Another Swing At $10,000Volatility doesn’t seem to fade in the crypto market as Bitcoin made another attempt to reach the coveted $10,000 mark less than a couple of hours ago.The price reached $9,960 on Binance before retracing to...

Ripple price reversed losses and moved above the $0.1950 pivot zone against the US dollar.The price is now trading in a positive zone above the $0.2000 support level.There is a key bearish trend line forming with resistance near $0.2100 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could either surge above the $0.2100 resistance or decline again towards $0.1880.Ripple price is currently approaching a major hurdle near $0.2100 against the US Dollar. XRP price...

Stable currencies are becoming all the rage in the cryptocurrency space, and Seattle-based startup Stably – which specializes in making stable coins mainstream – is moving ahead of the game with an additional $1 million in funding.Stably Is Making Headway in the Crypto SpaceStable currencies are designed to be less volatile than other forms of crypto. Typically, they are tied to fiat currencies such as the U.S. dollar, the yen, the yuan, and the euro. This allows them to move at a more normal...

Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook.When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her to check out all the other crypto assets on offer.Coinbase CEO’s Bitcoin MistakeOnly the account Armstrong replied to was a fake one. J.K Rowling did not purchase...

Tesla (TSLA) stock is slightly down these days. However, the shares are very bullish both in the short term and in the long term, analysts suggest. The expected growth is partially supported by the prospects of a million-mile battery.Tesla Inc (NASDAQ: TSLA) stock has been a topic of interest in the recent past to many in the market since it is among the best-surviving stocks with the coronavirus disruption. With the company expecting to deliver more than 700,000 vehicles by 2021 to...