Markets

As most stock markets continue bleeding out due to the coronavirus outbreak, three biotech stocks have been defying the urge as the companies are working on a vaccine or a cure for the deadly coronavirus.Three major biotech companies, which are working on developing a vaccine or cure for the deadly coronavirus, have seen their stock markets defy the overall market plunge. The select biotech companies have either announced testing the vaccine on human victims or in the process of verifying a...

According to Ripple CTO, the new exciting features are coming from the Ripple developers. They will allow third-party tokens to work on top of the system. Also, XRP Ledger will soon have the ability to eliminate accounts of possible network spammers.Ripple’s XRP price falls together with other markets. But David Schwartz doesn’t care as the Ripple Ledger, XRP and the longtime holders will soon receive a significant boost. A company presents a new type of transactions for externally created...

Bitcoin lost a serious chunk of its Dollar value this week. Down about 12% over the past seven days, the cryptocurrency is currently trading at around $8,700. It’s essential to see where it goes from here. From above, there’s the 200-days moving average at $8,800, which has now turned to resistance. Bitcoin hasn’t closed a day below the 200MA since January 27th this year, and it’s entirely possible for today to be the first day. This would probably spell trouble for the bulls.All of this...

The rapidly spreading coronavirus appears to have pulled down the global traditional investment markets with Bitcoin joining the fall, giving up its hypothetical store of value status. The current BTC price is around $8,600.Everything in every market is currently red. As the coronavirus epidemic continues to spread, the stock markets keep crumbling with bitcoin right behind them in a downward spiral. The S&P 500 and the Dow seemed to enter a correction on February 27, representing a 10%...

Ethereum creator Vitalik Buterin shared his thoughts regarding Bitcoin price mocements. He claims the Stock to Flow model doesn’t work for Bitcoin or any other crypto asset.Vitalik Buterin says that you shouldn’t make financial decisions solely after reading the news. The classic Stock to Flow (S2F) model is not working with Bitcoin. Major news announcements, as well as world disasters such as coronavirus, do not affect the crypto market. Buterin says that there are 95% of the articles on the...

With AMZN stock down 4%, the e-commerce is facing competition from Walmart that is working on a new service Walmart+ to surpass Amazon Prime. As coronavirus reaches for more countries outside China, tech companies are suffering stock collapse. This week, Apple Inc (NASDAQ: AAPL), Exxon Mobil Corporation (NYSE: XOM) and Intel Corporation (NASDAQ: INTC) plunged 6% each. AMN Healthcare Services Inc (NYSE: AMN) and Nvidia Corporation (NASDAQ: NVDA) dropped 7.3% and 5.6% respectively. Further,...

MKM partners prepared a list of stocks that may have the greatest chance of doing well during the times of the coronavirus. The list includes AAPL, FB, NFLX and others.Some all-weather stocks could lift investment portfolios even amid coronavirus. This comes at a time when markets are plunging. While this isn’t investment advice, these stocks could help mitigate the risk associated with sideways markets. Here’s the kicker: most of them have something to do with serving home-based services....

Fear over the spread of the coronavirus tightened its grip on global stock markets. The indexes clearly reflect the situation. In the premarket Dow Futures lost over 600 points.The massive coronavirus-induced sell-off on Wall Street continued in premarket trade on Friday with the Dow Futures dropping over 600 points.Treasury yields continued to slide with the yield on the 10-year note falling below 1.20%. Meanwhile, oil prices declined for the sixth consecutive session.After losing nearly...

Binance will now work with the Shyft Network provides industry-wide solutions to meet the FATF requirements. For this, the network uses its database bridging, identity passporting, and data attestation infrastructure. As crypto exchange Binance spreads its wing in the global market, it is working on complying with the Financial Action Task Force (FATF) regulations. Recently, Binance joined hands with public blockchain protocol Shyft Network for cross-industry KYC data sharing.The Shyft...

The coronavirus has a serious impact on many spheres of social life. This year Facebook will not hold its F8 developer conference due to the fears and risks related to the virus.Social media giant Facebook Inc (NASDAQ: FB) announced that it has canceled this year’s F8 developer conference due to fears caused by the coronavirus spread. The F8 developer conference is the biggest event hosted by the company, where it brings together more than 5000 developers and also entrepreneurs from all over...