Markets

Bitcoin has shot past the $9,000 mark once again, but it’s still facing heavy resistance.Bitcoin Is Doing Better, but It’s Still StrugglingThe number one cryptocurrency by market cap has been struggling as of late thanks to rising fears of the coronavirus, which has spread throughout most of Asia, as well as parts of Europe and North America. More than 2,000 deaths have been recorded thus far, while tens of thousands of other individuals remain infected at the time of writing.The currency...

As crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price. However, the two groups failed to reach a consensus with Russia backing off.The rising concerns with the coronavirus spread have put the global economy in doldrums at this stage. On Friday, the OPEC and non-OPEC allies met for discussing the cutdown on oil production amidst slowing demand.Just like the stock markets, the global crude market has faced...

European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.Even though coronavirus came from Wuhan, Hubei – a China province, it seems that the country finally made its way on reducing the number of infected people. China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This is, however,...

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6,...

Last Thursday, Bitcoin broke out a triangle pattern, the second in the same week, as can be seen on the following 4-hour chart. The breakout initiated an immediate $400 price gain, surpassing the $9000 benchmark level.Over the past two days, after breaking above the $9K mark, we saw Bitcoin trading in a tight range between $9000 and $9200.While Wall Street and the global markets were crashing further 5% over the past two days of trading, Bitcoin successfully disconnected its recent...

Almost half of today’s active traders made their first-ever cryptocurrency trade back in 2017, according to a recent poll by Binance. At the same time, the number of pre-2017 traders is less than 30%.When Crypto Traders Entered The MarketThe world’s leading cryptocurrency exchange by volume, Binance, recently initiated a compelling survey. The question was, “when did you make your first-ever crypto trade?.”The results may not be all that surprising. Over a quarter of the 11,397 voters...

Dans une décision de justice rendue le 26 février 2020, le tribunal de commerce de Nanterre a estimé que, en l’absence de clause particulière dans le contrat de prêt, un prêteur de bitcoins ne pouvait exiger la restitution de jetons issus d’un fork intervenu pendant la durée de ce prêt. L’affaire opposait Bitspread, un « market maker » britannique, à l’exchange Paymium. Les faits : En 2014 et 2016 la société Bitspread a conclu trois...

The partnership between Ripple and Coinone is spreading quite impressively and controlling a large part of the Korean international remittance market.Ripple’s efforts at changing the face of worldwide remittance have brought the company a lot of recognition. Especially as far as cryptocurrency and blockchain technology are concerned, Ripple is easily atop most other companies looking to fuse remittance with crypto. RippleNet now boasts of hundreds of partners and the company keeps spreading...

Facebook (FB) stock has negatively reacted to the current situation in the U.S. caused by the coronavirus outbreak and all the related risks.Facebook Inc (NASDAQ: FB) stock has dipped 3.45% in the premarket to trade below $190 price level as the company is advising its employees from the greater Bay Area to stay at home due to fears of coronavirus spread in the locality. The instructions to cancel any work trip will affect its California headquarters and also it’s Menlo Park.This a huge blow...

Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.Amid the coronavirus spread, except cruise-liner stocks that were affected the most, the second one on the hit is the airline sector.Shares of American Airlines Group Inc (NASDAQ: AAL) are continuously falling a few days in a row now. At the time of writing, the stock was falling 6.17% to $15.05 in...