Markets

As the competitor of Tesla, Nio is discussing its future with the Hefei govt, NIO stock gained 30% on Tuesday. Today the stock keeps growing.Nio inc (NYSE: NIO) stock rose more than 30% on Tuesday. The rise happened after the company indicated a landmark agreement with the Heifei municipality in China.Could Nio becomes the new Tesla Inc (NASDAQ: TSLA)? The time will show. At the time of writing, NIO stock is trading at $4.60 indicating a rise of 4.55% within a trading day. TSLA is doing not...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The bulls have failed to break the important resistance levels out. Most probably, we should expect a good correction on the crypto market to begin. For example, on...

There is the endless argument about whether Bitcoin is a safe-haven asset like Gold. This could be true most of the time; however, Wall Street and the global markets are facing a difficult situation resulting in a fatal drop of almost 8% over the past four days, surrounding the coronavirus effects.And Bitcoin, this time, correlates accurately with the global markets. The primary cryptocurrency continues its drop from yesterday, and completes over a $1000 loss of value in the past three days....

Coinbase Wallet, Ethereum Domain Service and mainwallet sync – one of the biggest companies in the industry just rolled out a significant update to its mobile app. Users are allowed to purchase ENS domains via in-app Dapp browser.When Coinbase established its own cryptocurrency wallet, its aim was to offer a possibility to send payments to the ETH-based domain names. But users of Ethereum wallets tend to send payments not only to the long, inconvenient to remember addresses. They also like...

Moderna Inc (MRNA) stock has been skyrocketing since the company announced its mRNA COVID-19 vaccine has been successfully shipped to the National Institute of Allergy and Infectious Diseases.Moderna Inc (NASDAQ: MRNA), a biotech company that is focused on drug discovery and also in the drug development, has seen its stock market value continue rising even hours after it announced the release and shipment of its COVID-19 vaccine. The shares so far are up by 7.11% in the pre-market, where at...

Thousands of Amazon.com Inc. sellers who built their businesses using China’s cheap and efficient manufacturers are on the spot as the coronavirus shuts factories there. AMZN stock was down on Tuesday but seems to start growing in the pre-market.Amazon.com Inc (NASDAQ: AMZN) is allegedly doing everything it can to stock up on inventory as the coronavirus (COVID-19) spreads at a rapid pace. Worries about it becoming a pandemic rise and people are buying everything from the stores (like this...

MoneyGram is one of the major partners of Ripple. And it received good investments from it. In the last half-year, it got a sum of another $11 million.It appears that in the last 6 months Ripple provides to MoneyGram an additional $11 million in investments. These indications were reportedly noticed in recent filings with the U.S. SEC by MoneyGram. Last year Q3 and Q4 reports indicate remittances to MoneyGram by Ripple Labs Inc. The sums were broken down into $2.4 million in Q3 and $8.9...

[Featured]Financial markets are going crazy since the beginning of 2020. Since January 1st, there have been a lot of ups and downs out there. First, it was Tesla – its stock shot up from around $430 at the beginning of the year to $841 to where it currently trades. This marks an increase of almost 100% in less than two months. Needless to say, you don’t get to see this on the stock market every day, especially when the company in question is as big as Tesla.In January, however, something else...

Salesforce has acquired Vlocity, a provider of industry-specific cloud and mobile software built natively on the Salesforce platform, for approximately $1.33 billion. But Salesforce (CRM) stock is in red.An American cloud-based software company Salesforce.com Inc. (NYSE: CRM) announced it bought Vlocity for $1.33 billion – all cash.This interesting acquisition, however, didn’t come as such a surprise. Vlocity is a company that makes six industry-specific CRMs on top of Salesforce. Those are...

BNB is under strong bearish watch across trading pairs, but it may halt at key demand areas.Despite the considerable price dumps, BNB remains the 9th largest cryptocurrency in terms of market cap.If BNB fails to bounce back at immediate support, a big sell action can be expected.BNB/USD: BNB Signaled Mid-Term Bearish After Breaching Crucial Support Key Resistance Levels: $21.5, $23Key Support Levels: $18.3, $17BNB/USD. Source: TradingViewThe last three days caused a lot of panic selling for...