Markets

JPMorgan predicts that as the coronavirus outbreak continues to worsen, the economy would get a lot worse before it at least gets a chance to recover.For a few weeks now, the effects of the ongoing coronavirus pandemic have been biting on financial markets. These effects, unsurprisingly, have hit the economy so hard that the U.S Federal Reserve recently printed a few trillion dollars to support the economy. Even though the government is doing its very best to prevent a total plunge,...

Traders of SOL, the native cryptocurrency of the Solana blockchain platform, must be in a great mood as the price of the coin has surged by more than 300% in the last 24 hours. The reason for this is the recent listing on the Binance exchange. Solana (SOL) Listed on BinanceBeing listed for trading on the world’s largest crypto exchange is a milestone for blockchain many projects, including Solana. Binance first announced on Tuesday that it would list Solana (SOL) on its trading platform with...

America’s electric-car automobile giant Tesla manages to beat the market meltdown making higher sales in March in comparison to February. The company is also preparing itself for any economic downturn ahead.While the global economic meltdown is pushing businesses to an edge, the rules of the game don’t apply to Tesla Inc (NASDAQ: TSLA). As per the China Passenger Car Association (CPCA), Tesla made record sales in the month of March. In March, Tesla sold a total of 10,160 vehicles, 150% up...

Was ist Bitcoin Lending? Bitcoin-Lending ist ein ziemlich heisses Thema, denn durch Kryptowährung gesicherte Kredite werden für Investoren, Miner, Hedge-Fonds und Personen, die kein Bankkonto haben, immer mehr zu einer tollen Möglichkeit, ihre Finanzen zu verbessern, indem man auf die eigenen Bitcoin-Bestände Zinsen verdient und so passives Einkommen erhält. Das Konzept als Ganzes ist recht einfach:Man stellt als Kreditgeber einen Bitcoin Betrag zur Verfügung und erhält dafür...

Bitcoin cash price started a fresh decline after it topped near the $280 level against the US Dollar.The price is down more than 5% and it broke the key $250 support area.There was a break below a connecting bullish trend line with support near $246 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to continue lower and it could even retest the $225 support area.Bitcoin cash price is showing a few bearish signs below $250 against the US Dollar. BCH/USD...

Insgesamt sieben Bitcoin-Unternehmen müssen sich vor einem Bundesgericht in New York verantworten. Bei dem Gericht wurden am 3. April 11 Klagen eingereicht und 42 Personen werden beschuldigt. Diese stammen von den Britischen Jungferninseln, den Kaimaninseln oder aus Kanada, China, Estland, Hongkong und Japan. Alle diese Klagen haben einen gemeinsamen Kern. Die Betreiber hätten davon profitiert, dass...

As the co-founder of Ethereum, Charles Hoskinson has always held a top spot in the crypto industry.Hoskinson Offers Another BTC-Related DishRecently, Hoskinson was one of a few investors to suggest that bitcoin could reach the six-figure range in the year 2020. Alongside individuals such as Ross Ulbricht of Silk Road fame, Hoskinson was quick to suggest that the world’s number one cryptocurrency by market cap could potentially hit $100,000 by the time the year was finished.Given that bitcoin...

A report from survey data firm Visual Objects suggests that bitcoin isn’t being used for black market purchases as much as everyone thinks.Visual Objects: BTC Isn’t As Bad As You ThoughtFor many people, bitcoin and crime go hand in hand. Even regulators and government officials seem to think this is true. Bitcoin, allegedly, offers the anonymity users need to purchase items like drugs, guns and other illicit goods without getting caught.However, this has become something of a stereotype over...

According to the Federal Reserve, Wells Fargo will take part in the recently released programs without having the balance sheet count against the $1.95 trillion cap the bank has.Wells Fargo & Co (NYSE: WFC), one of the largest banks in the world by market value, has been on the upswing lately. Wells Fargo & Co stock is performing quite well. Yesterday, it closed at $30.28. and by the moment of writing, added 9.45% to be trading at On Wednesday, the Fed said it would “temporarily and...

Analysts are predicting that April of 2020 could be a huge month for bitcoin and all its “offshoots.”Will the Halving Help or Hinder Bitcoin?Bitcoin is set to undergo a halving event in May, which up to this point, was slated to stretch the currency’s price beyond the stars and give it immeasurable power. However, as of late, the currency’s price appears to be gasping for air thanks in large part to the coronavirus-related panic that has brought down the world’s financial markets these past...