Markets

Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared U.S. presidential candidate says the future of the cryptocurrency space lies with altcoins. Bitcoin (BTC) is the hotmail of the cryptocurrency world. That’s according to altcoin king, and self-declared U.S. presidential candidate, John McAfee. Bitcoin Is Sh*tcoin, Not Altcoins...

Tesla has had a great year already and most forecasts on the electric vehicle company’s stock are bullish. Tesla will publish its quarterly earnings report later today and the anticipation is already high. As the market waits, CNBC’s Jim Cramer has said that Tesla has no choice but to impress the market with its report or its value will tumble.Tesla Earnings Report Must Be SatisfactoryAccording to Cramer who hosts CNBC’s Mad Money, Tesla’s current fortunes could very quickly change for the...

Saudi Aramco Energy Ventures invested $5 million into Vakt shares, and its trading subsidiary Aramco Trading Company will start using the Vakt platform, according to a press release.That way, Saudi Aramco joins the current Vakt shareholder base of 12 investors. Among them are some of the world’s largest energy and commodity trading players. This investment will help Vakt in platform development and possibly expand to new markets in Asia.This is particularly big for Vakt. Mostly because such a...

The effects of the coronavirus as it continues to spread might very well crash the global economy. The virus is already biting hard into financial markets and several businesses worldwide. However, things could very easily get a lot worse. According to former Morgan Stanley Asia chairman Stephen Roach, the coronavirus epidemic could very well lead to a global recession.Coronavirus Might Cause RecessionSpeaking to CNBC’s Trading Nation on Monday, Roach expressed fears that the outbreak could...

Santa Clara-based multinational semiconductor company, Advanced Micro Devices Inc (AMD) first-quarter estimate of revenue has raised a lot of eyebrows as it came in far below the estimates of analysts. Such a situation is a result of declining demand from gaming console makers despite its data center and PC chips business tracking a revival in the chip industry. It has become known from the reports of January 28, 2020.AMD saw its stock price decline as much as 4% after the company announced...

The number of active entities holding Bitcoin is continuously growing over the years to the current number of over 23 million, according to a recent report.Cryptocurrency exchanges control 13% of all bitcoins, and Coinbase is the leader with the most considerable stash.The popular blockchain monitoring resource, Glassnode, recently published its new paper regarding Bitcoin holdings. To gather the information, it used “standard heuristics, proprietary clustering algorithms, and advanced data...

Bitcoin continues with its upward momentum as the world’s largest cryptocurrency inches higher third-day in a row. In the late hours on Tuesday, January 28, the Bitcoin price surged close to $9400 levels.With today’s price surge, Bitcoin has added $2000 to its price since the start of this year 2020. In just the first 28 days of 2020, Bitcoin has given over 30% returns to its investors. At press time, Bitcoin is trading at a price of $9349 with a market cap of over $170 billion.Bitcoin’s...

The price of Pfizer stocks fell 4% down to $38.51 during Q4 2019. During the last year, the company bought back approximately $9 billion in its stocks to foster market growth. However, the largest medicine giant is losing money and wants its Upjohn development to merge with Mylan NV, which is another big drugmaker aiming at new types of medications.The Upjohn is selling the drugs that lost patent protection, such as Viagra and Lyrica. By the middle of 2020, the company management will...

ADA price is gaining bullish momentum above the$0.0526 resistance area against the US Dollar.The price traded as high as $0.0570 and it is currently trading in a strong uptrend.There was a break above a short term contracting triangle with resistance near $0.0521 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher towards the $0.0585 and $0.0600 resistance levels in the near term.Cardano price is trading with a bullish bias above $0.0525 against the US Dollar,...

Bitcoin price is showing a lot of positive signs above the $9,000 level against the US Dollar.The price surged recently and traded to a near yearly high at $9,437.There was a break above a short term bullish flag with resistance near $9,070 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but it remains supported near $9,160 and $9,000.Bitcoin price is up more than 10% in the past few days against the US Dollar. BTC settled above $9,000...