Markets

Bitcoin has been struck hard by the economic conditions we’re facing, but there appears to be some positivity in all this. Dark web markets – which typically rely on assets like bitcoin and other crypto to clear transactions – are seeing a lot less business these past few weeks as people turn more to cash than they do digital currencies.The Dark Web Has Taken a Huge HitData from security firm Chainalysis suggests that over the last two months, people have spent a lot less money on the dark...

Mr. Qiao Wang, the co-founder of crypto intelligence firm Messari, Inc., said Sunday that Bitcoin’s total addressable market (TAM) might be approximately $20 trillion. If that’s the case, the Bitcoin price would surge to $1 million USD a coin. While that’s a welcome projection for Bitcoin holders, it might be a bit of a stretch. Here’s what Wang tweeted Sunday:Source: TwitterBut to be clear, he did also qualify this tweet by saying:This is not meant to be hopium, but a reminder that TAM is a...

Darknet markets are seeing increases of suspicious merchandise advertised to protect or even fight the COVID-19 pandemic. The sales are conducted in several countries using bitcoin and other cryptocurrencies as the primary payment method.Selling Coronavirus Merchandise Via CryptoThe rapidly expanding novel virus scared a lot of people, and they rushed to purchase protective gear such as N95 respirator masks. Naturally, the increased demand and the limited supply boosted the price of the...

On Monday Microsoft stock experienced a 5% market rise. The global computer software firm is well-placed to outlive the coronavirus storm better than many other stocks.Global computer software firm, Microsoft Corporation (NASDAQ: MSFT) stock has experienced a 5% market rise on Monday. Since sliding during the coronavirus sell-off, the firm’s stock did not plunge into the red in the first quarter. However, the firm’s stock trades 17% below it high on February 17.In the firm’s fiscal...

Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained...

TRON flashes mid-term bullish following the recent increase in Bitcoin’s price.TRX price could surge in the coming days due to the latest increase in buying volume.TRX/USD: Tron Eyes $0.015 ResistanceKey Resistance Levels: $0.014, $0.015Key Support Levels: $0.012, $0.0106TRX/USD. Source: TradingViewThe latest increase in Bitcoin’s price and volume has led to significant growth in the entire crypto market cap – $197.5 billion, now closing $200 billion by the day.As a result of this, the price...

Facebook (FB) stock price was rising today in the pre-market. The company now wants to become a serious rival for Zoom.Facebook Inc (NASDAQ: FB) stock price has risen by 3.74% in the pre-market today. This comes as the social media giant is reportedly seeking to compete with Zoom Video Communications (NASDAQ: ZM). Facebook had a Windows app for its chat program in 2011. This was however discarded. Mark Zuckerberg revealed in his Facebook post:“We’re all looking for more ways to be together...

On Friday, Moderna (MRNA) stock rose by 4.94% breaking out the $32 resistance level. Clinching above $34 has helped Moderna CEO Stephane Bancel to join the list of billionaires.As the war against the novel coronavirus intensifies all over the world, a lot of people are eying on the pharmaceutical companies spearheading the development of vaccines. Moderna Inc (NASDAQ: MRNA) stock continues enjoying a huge backing from investors, as the company pushes its vaccine to human testing. As a result,...

A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.Apart from the obvious health effects, the current coronavirus pandemic has already depleted financial markets all over the world. As the outbreak continues to spread and the world records a lot more confirmed cases, these economic effects are also going to continue. Many companies are already recording heavy losses and many of the world’s...

Amazon could buy a company like Zoom or Slack and replace its Chime app. Such an acquisition may help Amazon immediately increase its user base and at the same time focus on infrastructure. AMZN stock is up in the pre-market.Amazon.com Inc (NASDAQ: AMZN) stock has been showing good performance for several days in a row since last Thursday. Then, it was trading at $1,920.20. On Friday, Amazon stock was up in pre-market and climbed further during the trading session and closed slightly down at...