Markets

Bitcoin price is currently correcting losses from the $3,860 low against the US Dollar.It is trading in a range above the $4,440 support and below the $5,965 resistance.There is a key bearish trend line forming with resistance near $5,520 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face a lot of hurdles near $5,965 and $6,000.Bitcoin price is showing a few recovery signs above $5,000 against the US Dollar. However, BTC...

In a time of economic uncertainty, Brian Brooks, the Chief Legal Officer of Coinbase, has publicly stepped down from the company and is now moving on to serve the U.S. government as the Chief Operating Officer and First Deputy Comptroller of the OCC.According to the Office of the Comptroller of the Currency (OCC), Brooks’ new position will become effective as of April 1st, 2020. The designation was made by the OCC’s current Secretary of the Treasury, Steven T. Mnuchin, stating that Brooks,...

Coinbase – one of the largest and most popular cryptocurrency exchanges in the United States – says it will start grouping bitcoin transactions together, rather than processing them separately.Coinbase Has Decided to Start BatchingThe process – known as “batching” – is designed to prevent high levels of traffic on the blockchain and keep transaction speeds reasonable. The process is also made to ensure users’ transaction fees remain low.In a blog post, the trading platform...

After a 25% daily surge, WazirX continued to struggle under key resistance across trading pairsWazirX is looking for a strong rebound level to keep the buyers in action.Despite the latest bullish price actions, the WRX market still favors the short-term bearsWRX/USD: WazirX Suspends Bearish For SidewaysKey Resistance Levels: $0.1, $0.15Key Support Levels: $0.063, $0.053WRX/USD. Source: TradingViewFollowing the recent global market crisis, we saw how most of the altcoins fell to a new low,...

The novel coronavirus took the world by a storm. Starting in China, the virus has now spread throughout the globe, with thousands of cases being reported in Europe, Asia, and even the US.This brought a catastrophe on the traditional financial and stock markets, as major global indexes crashed in a way that was more vicious and quicker than the recession of 2008.Cryptocurrencies, unfortunately, weren’t left out, and they were no exception. In less than a month, the market lost half of its...

Initiating human trials is only one step in the long process of proving the safety and efficacy of a new therapeutic. Still, the timeframes to beginning testing for Moderna, BioNTech and CureVac are faster than typical for traditional vaccines.We already wrote how almost all pharmaceutical firms throughout the whole world are doing everything to develop a vaccine that would help to stop the coronavirus spread. No matter if they’re big or small, the goal is the same and it is no more just a...

Thanks to teh partnership between TransferWise and Alipay, 7 million-plus users of TransferWise will be able to send Chinese yuan from 17 currencies to users of Alipay.TransferWise has entered a new partnership with Alipay. Sources say that the remittance company will be able to send money to Alipay users. This expands TransferWise’s offerings to its current user base of about 7 million people. Alipay has one of the widest payment networks in the world covering about 1.2 billion people. Many...

Moderna (MRNA) stock rocketed today after the biotech company dosed the first patient in a study of its coronavirus vaccine. The drug aims to use a natural function called messenger RNA to protect against the SARS-CoV-2 virus that causes Covid-19.American pharmaceutical company Moderna Inc (NASDAQ: MRNA) stock started rising yesterday and kept their pace today as well. Yesterday, the MRNA price jumped over 24%. Today Moderna stock continued moving higher. The stock has managed to jump another...

TSLA stock is down while the company started delivering its latest car models on March 13, ahead of the initial schedule of autumn 2020. Later, Tesla made an official announcement and presented a video of the Model Y. Tesla Inc (NASDAQ: TSLA) stock continues plunging. Yesterday, it closed at $445.07, 18.58% down from its previous close of $546.62. Today, it was trading at $448.40 in the early hours, with the day high reaching $456.12 later. At the moment of writing, Tesla stock makes up...

The vaccine to protect against coronavirus has started to be tested in the US. Four patients received the jab. The vaccine contains a harmless genetic code copied from the virus that causes the disease.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases confirmed that the first human trial testing a potential vaccine to prevent COVID-19 finally began. The vaccine was tested for the first time on Monday.He stated:“Finding a safe and effective vaccine to...