Markets

[PRESS RELEASE – Please Read Disclaimer]Hong Kong, Hong Kong, 25th January 2021, // ChainWire //Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.The...

Merck has a reported market valuation of approximately $204.88 billion with 2.53 billion outstanding shares. The company’s leadership has opted to commit its resources towards developing coronavirus therapy drugs.Merck & Co Inc (NYSE: MRK) stock dipped 1.15% during Monday’s pre-market to trade around $80.09. Notably, Merck stock closed Friday trading at $80.98, after dropping approximately 0.25% during the day.The drop on Monday was attributed to news that the company has stopped its...

The shares of Google were also boosted by the corresponding redesign of the search engine to feature COVID-19 related data.The shares of American multinational technology company, Alphabet Inc (NASDAQ: GOOGL), the parent organization of Google LCC, are seeing a slight boost by percentage gain as the company unveils a series of initiatives to support the ongoing vaccine distribution efforts. Per a report by 9to5Google, the search engine giant has pledged as much as $150 million in ad funding...

Philips however in a statement revealed that, even though its net profit for 2020 rose, it saw “uncertainty” this year due to the COVID-19 pandemic.Dutch electronic giant Koninklijke Philips N.V. (NYSE: PHG) has announced that the company recorded an increase in its fourth-quarter net income in 2020. Philips revealed a 9.17% rise year-on-year to 607 million euros from 556 million in Q4 2019. According to a consensus provided by the electronic giants, analysts expected a 636 million euros net...

This move by Coinbase will allow all its current and past employees as well other private stockholders to sell their stock before the IPO on the Nasdaq Private Market.World’s largest cryptocurrency exchange Coinbase has informed its shareholders that the company is soon to launch a secondary market for its private stock on the Nasdaq Private Market. Further details of the process shall be available today i.e. Monday, January 25 by noontime, said Coinbase.“On Monday, January 25 at noon PT you...

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.And while a lot of it had to do with Bitcoin’s surging price, over the last few days, it’s becoming evident that altcoins are claiming their share, causing many to believe that we’re in a state of the market known as “altcoin season.”Altcoin Season 2021: It’s Just BeginningAn “altcoin season” is a term used to describe a market condition where...

Besides being subjected to speculative traders, GameStop has experienced an increase in demand for its products since the onset of the coronavirus pandemic.GameStop Corporation (NYSE: GME) stock continues to experience heightened volatility as speculative traders fuel the ongoing bull rally. Notably, after closing Friday trading at $65.01, up 51.08%, GameStop stocks are up approximately 44% during Monday’s pre-market to trade around $94.11.GameStop’s market perspective changed after the...

Last year, Evergrande showed off six new electric vehicles under a brand called Hengchi, with the hope of starting production this year.China Evergrande New Energy Vehicle Group Ltd (HKG: 708) stock closed the Hong Kong market on Monday trading at HK$ 45.35, up 51.67%. Elsewhere, China Evergrande Group (HKG: 3333) stocks closed the same market trading at HK$ 16.82, up approximately 7.72%.The sharp uptick in Evergrande related stocks is related to news that the company has raised approximately...

Even though the online gambling industry was experiencing steady growth over the last couple of years, its popularity has been skyrocketing since the beginning of this year. Many long-time passionate players have started to enjoy the luxury of betting on low deposit casino platforms. The number of sites dedicated to gambling is continuously growing, and it’s becoming somewhat difficult to choose the right one.As many big companies are trying to enter this market, the competition is fierce....

Stellar lumen price remained stable above $0.2200 and recovered above $0.2600 against the US Dollar.XLM price is facing hurdles near $0.2850 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.2840 on the 4-hours chart (data feed via Kraken).The pair could start a major bullish wave once it clears the $0.2840 and $0.3000 resistance levels.Stellar lumen price is showing positive signs above $0.2500 against the US Dollar, similar to...