Markets

Coinbase is looking to make it easier for retail merchants to accept cryptocurrencies as means of payment.Coinbase and Dai Working to Bring Retail ChangeThis week, the company announced that it had integrated Dai – a cryptocurrency released by Maker DAO – into its Coinbase Commerce retail merchants’ division, so that stores and similar business establishments could accept Dai in the future as payment for goods and services. Companies on platforms like Shopify and WooCommerce are now eligible...

It’s happened again, folks. Another cryptocurrency hack is in the books, and this time, the victim is IOTA, the 23rd largest cryptocurrency by market cap.The IOTA Foundation Is Working to Stop HackersThe IOTA Foundation has decided to shut down its entire network (albeit temporarily) following a simple wallet hack in which attackers walked off with millions in crypto funds. The event is reported to have occurred last Wednesday on February 12. On Twitter, the Foundation released the following...

Berkshire Hathaway has added Kroger to its long list of investment stakes. Warren Buffett’s company has purchased nearly 19 million shares of the retail giant. BRK.B is up.Big business is almost always filled with investments and acquisitions. These investments are strategic by companies that believe the move will do wonders for their overall business. While the reason for the specific reasons might not always be known to the public, it is always interesting to see the choices. Another...

The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627.The current volatility in the market could be tied to the ongoing selling pressure and transfer of 600 BTC ($5,753,286) to BitMEX, which took place at block 617782. If the bearish movement continues, Bitcoin could dip further to $9170 and even $9000. At the time of this writing,...

The Dow Jones Industrial Average (DJIA) futures, as well as the Nasdaq futures and the S&P 500 futures, are moving higher thanks to a number of factors.On account of the United States celebrating President’s Day, the stock market trading remains closed. However, the after-hour trading sessions are still live as major indices surge to continue the market rally further.Today, following the Nasdaq futures and the S&P 500 futures, the Dow Jones futures also showed a modest rise....

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...