Markets

Today, as of March 2nd, 2020, ThreatFabric, an Amsterdam-based cybersecurity company, has released a report about a new threat to the crypto community, known as the “Cereberus” Trojan virus.According to their report, Cereberus is capable of stealing two-factor authentication codes generated by the Google Authenticator app, which are used to secure online banking and email accounts, as well as cryptocurrency accounts on certain exchanges.Cereberus was first identified in June of last year but...

Everybody knows that Tim Draper has always been a big bitcoin and cryptocurrency fan, but he’s taking his love of digital assets one step further and has now turned his back on all other investment tools. He says he’s even quit stocks completely, and now invests a huge portion of his portfolio in bitcoin alone.Tim Draper Really Believes in BTCDraper says he exited stocks about six months ago. The market has been up and down since Trump first initiated a trade war with China and implemented...

The Riot Games’ new product called Valorant represents a new look at first-person shooters. With neat graphics and a range of strange weapons, players will have many magical abilities unseen in titles like Counter-Strike.This online shooter Valorant is the first big recent release by Riot Games Inc, aiming at a competition with Activision Blizzard Inc (NASDAQ: ATVI). Previously, the game studio was busy with raising funds from the League of Legends.What Is the Game’s World Setting?Valorant...

As the U.S. 10-year Treasury yield has fallen to a new low, many analysts believe that an economic recession is likely to happen. Investors are looking at bonds as a haven.The U.S. 10-year Treasury yield has fallen below 1.04%. This drop came as other rates in the United States have been dropping as well. This is occurring due to the global economic disruptions caused by the emergence of the coronavirus. Already, Wall Street has reportedly been calling for the Federal Reserve to intervene via...

Apple stock fell almost 7% on Friday because of the coronavirus. However, AAPL recovered a huge chunk of its loss in no time. Today it is also up.Apple Inc (NASDAQ: AAPL) stock is by far one of the most interesting in the market today. It has enjoyed quite the bull run for months, profiting off the success of its flagship iPhone 11 series and the new AirPods as well. In the period from the beginning of last year and into 2020, Apple pulled in returns of over 90% for its investors. However,...

Even though Brad Garlinghouse has repeated more than once that both Ripple and XRP are different, the CEO has recently mentioned that selling XRP keeps the company afloat.XRP is the third-largest digital asset in the crypto market and has maintained that position for a long time. Ripple is also making moves that benefit XRP. For example, the company is doing a lot in the financial scene, especially for cross-border transactions. Securing partnerships with many companies all over the world,...

Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week.Miners Are Bullish On BitcoinData on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since the start of 2019. And now the network is processing as much as 136 quintillion hashes per second, which is about 25 quintillion increase since the last ATH in December last...

Stellar lumen price declined heavily and it broke the key $0.0630 support area against the US Dollar.XLM price is currently testing the $0.0550 support and it could recover in the short term.There is a major bearish trend line forming with resistance near $0.0595 on the 4-hours chart (data feed via Kraken).The pair must climb above $0.0595 and $0.0600 to start a strong recovery in the near term.Stellar lumen price is now trading in a bearish zone against the US Dollar and bitcoin. XLM price...

As major biotech companies try to create a proper coronavirus vaccine, the following stocks just might be strong enough to hedge against the current financial plunge.The coronavirus epidemic isn’t letting down as many people hope it would. Instead, the number of confirmed cases as well as the mortality rate, are on a steady rise. The number of countries affected by the virus is also increasing steadily with many more countries confirming new cases of infection. The situation is worrisome to...

On account of the coronavirus outbreak, China’s manufacturing output has plunged to record lows in February as several factories were shut down. Central banks across the globe are willing to take corrective measures to ensure financial stability.The Chinese economic outlook is turning from bad to worse over the rising number of infected coronavirus cases, the Chinese stocks fell drastically. Last month, the Chinese government asked all companies and manufacturing units to shut down their...