Markets

After several years of failing to meet the excessively optimistic forecasts, Tesla Inc. delivered in 2019. The company continued its profitability streak in Q4. It earned around $105 million and generated $7.4 billion in revenue. That represents 56 cents a diluted share, compared with $140 million, or 78 cents a share, in the same year-ago period. These results beat expectations and sent shares flying in after-market trading on January 29.Most of the promises that the Chief Executive Elon...

Shell stock has dropped quite significantly for 2019, disappointing the company’s teeming investors. The company released the figures earlier today, explaining several reasons for the sad drop in its net profit. The Royal Dutch Shell company believes that several challenges revolving around macroeconomic instability and a drop in the value of oil and gas.Shell Stock Figures for 2019Shell says its profit calculated using the current cost of supplies (CCS), which is data calculated like general...

Facebook recently released its fourth-quarter earnings with interesting figures. The general report shows that on the plus side, the social media giant is doing better than expected. Facebook surpassed the majority of Wall Street estimates for the company. On the other hand, the report shows that the level of growth needs work and seems to be slowing down considerably.Facebook Fourth Quarter HighlightsFacebook’s figures show that the company now sees 2.5 active monthly users. This is a 2%...

Leading cryptocurrency exchange Coinbase has launched Coinbase Custody International Inc. to go ‘international’, as it aims to deliver better quality localized services across Europe and subsequently to other parts of the world.Coinbase CustodyThe company released an official statement via its blog early this morning announcing its new move to launch Coinbase Custody International Inc. which has been in incubation since last year following the company’s acquisition of an e-license to operate...

The U.S. based cryptocurrency exchange Coinbase has hired a former Google executive as a new Chief Product Officer (CPO). After over a month since the previous CPO left the company, the popular exchange has replaced him with Surojit Chatterjee.Coinbase Hires A New CPOIn December last year, Jeremy Henrickson left his position at the company as the Chief Product Officer. Coinbase announced yesterday that they are filling the vacant spot with the former vice president of product at Google...

EOS price gained pace and traded above the $3.880 and $4.000 resistance levels against the US Dollar.The price traded as high as $4.148 and recently corrected lower.There is a key bullish flag forming with resistance near $4.075 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to resume its upward move once it clears the $4.10 and $4.150 resistance levels.EOS price is trading in a nice uptrend above the $3.850 support against the US Dollar, similar to...

Why Bitcoin is Continuing to Climb, from More Solid Ground Than EverLast night saw Bitcoin once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and  pulling along with it several other primary cryptocurrencies, including Ether, Litecoin, Ripple and Dash.A Significant Moment for BitcoinJanuary 2020 is certainly proving highly...

Litecoin price remained in a positive zone and recently tested $62.40 against the US Dollar.LTC price corrected lower and it is now trading above the $58.00 support area.There is a major bullish trend line forming with support near $57.85 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $61.00 and $62.40 resistance levels in the near term.Litecoin price is showing a lot of positive signs above $58.00 against the US Dollar,...

Surojit Chatterjee was working on Google apps for 11 years so far, helping the company handle payments, commercial questions and advertising. The talent made a significant impact on the inner workings of the corporation, considering that Coinbase wants to work with him. Google has thousands of workers all around the world.However, Coinbase CEO Brian Armstrong picked the author of the Google Shopping project as the new CPO. People from over 90 countries are using GS today, making Surojit a...

Binance sees the growing demand on staking platforms and solutions and wants to be ahead of the curve in this ‘post-PoW world’.Binance announced that starting 1 February 2020 it will allow the U.S. customers of its dedicated platform ‘Binance US’ to stake Cosmos (ATOM) and Algorand (ALGO) tokens with Proof of Stake algorithm as the basis.Now, Binance offers trading in 28 cryptocurrencies, including the ones you never heard of. The exchange wants to enter the U.S. staking market controlled by...