Markets

Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...

The stocks of JPMorgan and Citi are falling, showing a decrease of 17.71% and 19.27% (at opening) accordingly. The situation gave birth to fears regarding banks and coronavirus.Citigroup Inc (NYSE: C) lost 18%, sliding to $41,98 per share. Wells Fargo & Co (NYSE: WFC) lost 14%, drowning to $26,56 per the stock. As per the Bank of America Corp (NYSE: BAC), they have lost 15%, driving the stock price to $20,44. It seems like the banks are not prepared for the coronavirus attack. More than...

The world economy is in a state of emergency. Stocks are plunging continuously as investors are timid of the spreading novel coronavirus. While China appears to have managed to handle the situation and reports close to zero cases on a daily basis, countries from the European Union and the US see exponential increases.In yet another attempt to provide a helping hand to the markets, the US announced a second rate cut, bringing down interests to a near-zero. Additionally, the Fed will be buying...

American Airlines stock has crashed after the company announced a 75% reduction in capacity because of the coronavirus. Analysts warn things could get worse.Many airlines all over the world are currently in panic mode because of the coronavirus. A lot of them, including travel companies in general, seem to be finding it very difficult to make ends meet simply because the volume has seriously plunged. Some airlines are grounding a significant percentage of their fleet, while others are looking...

Following the coronavirus health crisis, the global stock markets collapsing one after another. Despite the Fed’s emergency steps, the markets continue to tumble.The EU markets are recording over 10% declines, while Wall Street is reaching the low level of December 2018. 13-Month ROI had demolished in 30 days.Bitcoin is not left behind. After the Fed’s decision yesterday, Bitcoin responded with a quick surge of 14%. However, the party didn’t last long – Just an hour after, when Wall Street...

One of the tenets of the cryptocurrency and blockchain industry is privacy and freedom. And now, privacy is at risk again. This time it’s thanks to the highly contagious Coronavirus that has shaken both the global stock market and crypto markets.  As the global pandemic continues to spread at a very high rate, governments of each country are taking drastic measures to fight the virus to prevent further spreads. One such move is to spy on the civilian population by tracking their movement...

Stocks fell sharply on Monday even after the Federal Reserve cut rates amid the coronavirus outbreak. The S&P 500 dropped 9.3% while the Dow Jones Industrial Average lost 2,174 points. The Nasdaq Composite traded 9.3% lower.After the circuit breaker was lifted following a 15-minute halt in trading due to the S&P 500‘s fall of over 9% on Monday, stocks on Wall Street continued plunging amid extended coronavirus fears. Dow Jones has also experienced another loss and dropped by 9.4%.In...

The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.The price of oil is easily the most talked about the news after the coronavirus pandemic. Oil, which has relatively maintained a significantly healthy price range for a while now, crashed terribly last week. Saudi Arabia deliberately cut down on the price of oil by 30% in response to Russia disagreeing to reduce its...

Apple (AAPL) stock price dropped by around 13% in the premarket and is falling in the trading session today as well. This is due to a fine of about $1.2 billion imposed by the French antitrust regulators.Apple Inc (NASDAQ: AAPL) stock price was down 12.26% in the premarket. The stock price was at $243.90. This wasn’t the case though on Friday. Sources say that the price of the stock ended on Friday at $277.97. The fall has reportedly happened due to a € 1.1 billion (about $1.2 billion) fine...

As the cryptocurrency market goes through one of its most vicious and swift crisis, Bakkt, the Bitcoin futures contract exchange, continues to invest in infrastructure. The company completed another financial round, gathering $300 million in investments from Microsoft’s M12, Goldfinch Partners, the Intercontinental Exchange, and so forth.Bakkt Completes $300M Series BIn an official post from today, March 16th, Bakkt’s CEO Mike Blandina, revealed that the Bitcoin futures trading exchange...