Markets

Blockchain firm Chiliz partnered with Lagardere Sports and Entertainment. Lagardere will present Chiliz and Socios.com to new sports teams, leagues and sports federations.Chiliz, that is known as the world-leading blockchain-powered fan engagement platform for sport and entertainment, announced a new partnership on Monday. It will cooperate with Lagardère Sports, a leading sports and entertainment marketing agency, in order to boost cryptocurrency into a mainstream sport.Lagardère Sports...

Favipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus.According to a Reuters report, China’s National Health Commission is optimistic about a resolution for the raging coronavirus. The report says that a spokesman for the Commission Mi Feng said that efforts from the authorities are yielding results. The Commission also says that at least 1,425 infected patients have been cured and discharged. As part of these...

Cathay Pacific Airways expects a significant drop in its H1 2020 results and has also cut capacity due to the coronavirus fears. Severe travel restrictions as a result of the virus outbreak have led to a rise in flight cancellations.Cathay Pacific Airways said on Monday it is expecting a critical fall of its first-half results because of the epidemic of the coronavirus.The airline stated it cut capacity by 40% for February and March. Moreover, the figures for April will be reduced as well. In...

Tron rolled back beneath the key support of $0.023 after losing 14% in a day.It’s now breaking down from a rising channel to signal a major price correction.TRX nosedived after marking 4-month high against Bitcoin.TRON seems to be on a downhill journey throughout the past 24 hours. Interestingly enough, this takes place a day after they announced that the popular blockchain-based social media Steemit would be joining the TRON network. Unfortunately, the cryptocurrency retraced substantially...

General Motors has announced it will be ceasing its operations in some international markets and concentrate on the profit-making regions. GM stock hasn’t reacted significantly.General Motors (NYSE: GM) through its official website on February 16, 2020, announced it will accelerate its transformation of the international markets. The transformation will entail ceasing all operations by 2021 at Holden in Australia. In addition, the company is in talks with the Chinese company, Great Wall...

German-based mobile banking giant N26 last week left its customers really angry and dejected after it announced that it would be leaving the United Kingdom due to Brexit.As part of its decision to leave the European Union, foreign firms in the United Kingdom have lost their operating license and thus are forced to leave. Among them is German-based online bank N26 whose decision to leave the country due to Brexit left a bitter pill in the mouth of its teeming customers who now feel betrayed...

After a woman who was on a cruise ship tested positive for the coronavirus, authorities are now trying hard to find other passengers. Such a situation resulted in a new wave of worries.While authorities all over the world are bending over backward to curb the coronavirus outbreak, things might be getting worse. Apart from the rising number of confirmed cases and deaths, the spread is still raging on. Now, several authorities are currently in a fix as they try to find a few hundred people who...

Tesla (TSLA) stock is rising above $800 after hours. Elon Musk is looking for employees to join the Solar Roof team as the company is ramping up the installation of such roofs in the U.S.Tesla’s CEO Elon Musk recently gave an ad searching for workers.https://twitter.com/elonmusk/status/1228849721013346304Be it as it may, the truth is that even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue fell by more than $24 million in 2019.Now, the...

According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.The CME Bitcoin futures market opened with the latest refresh data showing the best for BTC since the company introduced it in 2017. The data from CME Group provides investors and traders with transparency, price discovery and also risk management capabilities in order to make informed decisions in their trading. Therefore, it is worth noting that the latest update...

The bears seem to be taking control of the crypto markets as Bitcoin and altcoins, including Ethereum and XRP, are losing heavily to wipe out all the last week’s gains. But technical indicators suggest good days ahead of this market correction.Bitcoin which was on an upswing last week took the beating on the weekend. The Bitcoin price nose-dived below $10,000 levels on Sunday, February 16, losing more than $300 in an hour.Having broken this crucial support, the world’s largest cryptocurrency...