Markets

American technology company Microsoft Corporation has managed to beat analyst projections. It has become obvious from the earnings that it reports for its second quarter for the year 2020. The company said revenue grew by 14% compared to the same quarter a year earlier, landing at $36.9 billion.Chief Executive Officer Satya Nadella stated:“We are innovating across every layer of our differentiated technology stack and leading in key secular areas that are critical to our customers’...

As per reports on January 28, 2020, CEO of Apex Clearing, Bill Capuzzi, stated that it is interesting to witness how the investing habits of millennials have shifted over the past year, claiming that millennials have proven to be unique and differed from their generational counterparts.Apex Clearing has disclosed the fourth-quarter Millenial 100 report that analyzed over 734,000 portfolios possessed by U.S.-based investors with an average age in the region of just 31 years. The result was...

It’s finally reached the pinnacle, folks. After months of waiting, bitcoin has shot beyond the $9,000 mark and is now trading for an impressive $9,039 at press time.Bitcoin Is Firing on All CylindersWhile this is relatively small compared to where the world’s number one cryptocurrency has been in the past, it does represent a shift of sorts for BTC and solidifies the bull market that enthusiasts have been so excited about for the past few weeks.BTC initially slumped to the mid-$7,000 range...

Blockchain technology continues to make waves around the world. And today, the world has witnessed what many believe to be the first major step towards a new way for startups to access capital.According to a press release by Andriotto Financial Services, dated January 29th, 2020, the country of Switzerland has recently approved OverFuture SA’s incorporation by using an IPO of tokenized shares stored directly on the blockchain.For many, the approval is considered as the first Swiss-compliant...

Against Bitcoin, ETC may face weekly resistance at 0.0015SAT levelETC is following a bullish sentiment across trading pairsETC/USD: ETC Buyers Regroup Stronger Following The Break Above 2019 HighKey Resistance Levels: $16, $20Key Support Levels: $10, $8ETC/USD. Source: TradingViewAfter a weak correction to $8, Ethereum Classic bounced back with more than 50% gains in just three days of trading. Over the past few hours, ETC’s price has increased by 16.48% and now changing hands around $12.34...

Indexes went strongly up today as investors were waiting for the Federal Reserve’s interest rate decision (probably stays the same). Traders were also focused on the economic data published today. The Census Bureau reported wholesale inventories decrease of 0.1% in December, while the trade deficit increased $5.3 billion compared to November. Some companies have already released their quarterly earnings and some are still waited for.The Dow Jones Industrial Average went up at the open by...

2020 has so far been an exciting and profitable year for Bitcoin. Since the early days of January, the cryptocurrency has managed to increase its value by almost 40%. This is a spectacular performance for any asset, even more so within traditional markets.BTC/USD January. Source: TradingViewIn the past 24 hours alone, Bitcoin is up more than 3%, looking primed to start testing the resistance line at around $9,400.With so much going on in terms of price action, it’s perhaps interesting to...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Cryptocurrencies keep growing after a small correction but the buyers have yet failed to break out the key resistance levels. That is why another bearish attempt to develop a descending correction is not to be excluded without a renewal of the local minimums, and only after that the prices of the...

Jae Kwon, co-founder, and CEO of Tendermint and president of the Interchain Foundation revealed in a series of tweets late Tuesday that he will step down from his role at Cosmos to work on a daughter project. Tendermint is the company that’s behind the development of the Cosmos SDK.Cosmos Network was launched in March 2019 to act as the internet of blockchain. The project claims it provides a secure and scalable ecosystem that supports interoperability between thousands of blockchains for a...

Apple is already off to a great start this year. Yesterday, Apple released a report for the fiscal first quarter. According to the report, the new iPhone 11 brought in good fortunes for the company in revenue and beat expectations analysts provided.iPhone 11 in Apple First Quarter ReportApple says that revenue from iPhones alone account for $56 billion, with the iPhone 11 accounting significantly. The number is an additional $22.64 billion from iPhone sales in the fourth quarter which totaled...