Tag Archives: coronavirus

Bitcoin has suffered its worst month since the “burst of the crypto bubble,” according to one source.Bitcoin Has Had a Hard MonthAt press time, the world’s number one cryptocurrency by market cap has fallen to about $6,450, which is about $250 less than where it stood just last Friday. During that time, bitcoin was giving enthusiasts hope as it rose in anticipation of the new $2 trillion economic stimulus package signed into law by U.S. President Donald Trump as a means of combatting negative...

The novel coronavirus (COVID-19) took the world by a storm and its spread, and it shows no signs of slowing down. With the total number of infected people getting close to a million, countries around the world are instituting lockdowns to slow down the spread and keep the hospitals from overflowing with patients.A closer look at Bitcoin’s whitepaper, however, reveals that its pseudonymous creator, Satoshi Nakamoto, had the foresight to create a system that’s effective in situations much like...

The U.S government has partnered Johnson & Johnson and Moderna to facilitate the production of the possible COVID-19 vaccine in large quantities.The government of the United States of America alongside Johnson & Johnson (NYSE: JNJ) and Moderna Inc (NASDAQ: MRNA) have partnered to produce in more substantial amounts possible vaccine for COVID-19 before the real vaccines hit the market. As per report, the U.S. government is also working to partner with not lesser than two other...

Five pharmaceutical companies across the globe lead the race in producing the first approved COVID-19 vaccine. Wall Street is likewise on alert for banking on the first company to produce an efficient one.As the battle against the spread of coronavirus outbreak across the world intensifies, many companies are working to put themselves at the forefront in producing viable COVID-19 vaccine.Producing a vaccine for human testing and adoption to address the Coronavirus outbreak remains as crucial...

Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.Tesla Inc (NASDAQ: TSLA) stock seems to be a great choice during downtrends. This is because the stock price turns out to do better under pressure. This particular characteristic has been monitored by both fans of the stock and foes alike. Tesla (TSLA) surged by about 23% last week. One thing to note though was that though...

General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.Amidst the coronavirus pandemic, the world has been forced to experience an economic recession with prices of commodities in the international market crashing day by day as multinational firms are experiencing a hard time as well. General Electric (NYSE: GE) is one of the many multinational firms hit by the pandemic. It has also had to deal...

The digital dollar was recently cast out of the United States’ $2 trillion economic stimulus package designed to boost the country’s infrastructure following damage caused by the coronavirus.The Digital Dollar Could Have Done So MuchMany analysts agree that the notion of a digital dollar would likely be of great aid to bitcoin and the crypto industry, and that regulators initially missed a huge opportunity to support one of the finance world’s biggest tools.While the idea of digital dollar...

The unexpected COVID-19 outbreak is delaying the adoption of Russia’s legislation “On Digital Financial Assets,” according to a government official. However, he outlined that the law is completed. It will define cryptocurrency usage in the country, but it will also ban them from being used as a means of payment.Russia Postponing Crypto Law (Again)Russia’s law regarding digital usage in the country has been discussed since early 2018, according to Anatoly Aksakov, head of the Duma committee on...

Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.Ford Motor Company (NYSE: F) stock fell 3.08% on March 30, to trade at $5 per stock. But today it is trading with a 1.39% rise at $5.10. As with most U.S. stock markets at the moment, Ford (F) stock has recovered from the previous free fall thanks to the coronavirus stimulus package meant to cushion the market from further...

Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.Facebook Inc (NASDAQ: FB) stock has been on the winning side for the past two weeks, thanks to fundamentals that are cushioning its stock from the coronavirus pandemic. As of March 30, 16:26 EDT, the stock had pushed higher 5.84% and reached...