Markets

Marshmallow now offers car insurance to expatriates aged between 21 and 50. The company has pledged to focus on less affluent customers especially those with lower credit scores.UK-based insurance startup, Marshmallow that was founded by identical brothers has announced a $30 million funding in its latest round. This funding jas brought its total valuation to around $310 million.The insurance company is intending on venturing away from traditional insurance services to have a better...

Over the past six months, Ryanair experienced an 80% decline in the number of customers.Transportation and logistics company Ryanair Holdings Plc (NASDAQ: RYAAY) continues to feel the coronavirus market pressure as it indicated in its recent quarterly report. Notably, for its Q2 that ended on September 30, Ryanair reported a net loss of €225.5 million, compared with a profit of €910.2 million reported last year during the same period.Ryanair (RYAAY) Stock after Q2 ReportHowever, Ryanair...

As the oil price continues to dip following the effect of the coronavirus and the U.S. elections this week, many experts expect OPEC and its allied bodies to make policy moves to help prevent the complete market collapse.Oil price fell on Monday as influenced by the continuous rise in the COVID-19 cases which has necessitated the need to impose new lockdowns particularly in Europe as well as the uncertainties surrounding the United States Presidential election. According to the Financial...

The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual.  The research group will develop a “proof-of-concept (POC) for the issuance of a tokenized form of CBDC that can be used by wholesale market...

Stellar lumen price traded as low as $0.0745 and it is currently recovering against the US Dollar.XLM price is facing hurdles near $0.0800 and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0782 on the 4-hours chart (data feed via Kraken).The pair could start a strong increase if there is a clear break above the $0.0800 resistance zone.Stellar lumen price is showing signs of a fresh increase above $0.0750 against the US...

After years of denying new trends and the rise of cryptocurrencies, most people in 2020 agree – crypto is here to stay. Cryptocurrencies, especially Bitcoin, found their place on financial markets, and their use in everyday transactions is significant.Online casinos recognized the fact that crypto owners might be their target audience and offered crypto, mainly Bitcoin, as a payment method. However, in the last few years, we saw the explosion of dedicated cryptocurrency casinos that offer...

Bitcoin has failed to sustain its level above $14,000 after breaking it a few days ago. In fact, the cryptocurrency saw a sharp decline in just a few minutes as it lost about $300. Bitcoin’s dominance has also decreased over the past 24 hours by almost 0.5% which means that altcoins are trying to claim new grounds. Bitcoin Stalls Beneath $14K The primary cryptocurrency made the headlines on Saturday as it finally broke the 2019 high. In fact, Bitcoin jumped above $14,000 for...

Ripple price declined heavily from well above the $0.2500 level against the US dollar.The price traded as low as $0.2315 and settled below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.2460 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to start a fresh rally if it clears the $0.2440 and $0.2460 resistance levels.Ripple price is struggling to gain pace above $0.2425 against the US Dollar. XRP...

With so many institutions working to get their fingers on bitcoin – which is turning out to be the asset of the century – it’s a wonder that larger companies aren’t working to do so as well. According to Raoul Pal – a former executive at Goldman Sachs – this is exactly what’s going to happen within five years, and large tech firms, such as Apple and Microsoft, will be investing in the world’s number one digital currency by market cap.Raoul Pal: In Five Years, Big Companies Will Want BTC2020...

Occurring every four years, the US Presidential elections gain attention not only from US citizens but from the entire world. Being the largest country by nominal GDP and the US dollar serving as the global reserve currency, the consequences of elections’ results will be felt in the next (at least) four years everywhere. That “everywhere” part definitely includes the traditional financial markets and, more specifically, the US stock markets. In fact, their performance could...