Tag Archives: Donald Trump

The U.S. government is being very strict when it comes to Petro trading. While the Petro is not a North American cryptocurrency, U.S. citizens who use it or trade it will be subjected to harsh penalties.The Petro Isn’t a Popular AssetAs we all know, the Petro has a relatively shady history – so shady, in fact, that President Donald Trump has issued an executive order preventing all American citizens from trading Petro units. A state department spokesperson with the Western Hemisphere Affairs...

Ethereum creator Vitalik Buterin shared his thoughts regarding Bitcoin price mocements. He claims the Stock to Flow model doesn’t work for Bitcoin or any other crypto asset.Vitalik Buterin says that you shouldn’t make financial decisions solely after reading the news. The classic Stock to Flow (S2F) model is not working with Bitcoin. Major news announcements, as well as world disasters such as coronavirus, do not affect the crypto market. Buterin says that there are 95% of the articles on the...

Fear over the spread of the coronavirus tightened its grip on global stock markets. The indexes clearly reflect the situation. In the premarket Dow Futures lost over 600 points.The massive coronavirus-induced sell-off on Wall Street continued in premarket trade on Friday with the Dow Futures dropping over 600 points.Treasury yields continued to slide with the yield on the 10-year note falling below 1.20%. Meanwhile, oil prices declined for the sixth consecutive session.After losing nearly...

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

The U.S. stock market is suffering from huge losses in its value due to coronavirus fears that have gripped investors. The U.S. stock market has received a huge blow due to the ongoing coronavirus outbreak (COVID-19) outside mainland China. In just two days, the sell-off wiped out more than $1.7 trillion from the market value, a rare case that was observed four years ago.According to an indices analyst, most investors who had their money in the stock market fled the riskier assets due to the...

The U.S. markets show a significant drop on Monday morning due to the coronavirus fears and uncertainty. People rush to sell the coins, experts now expect Bitcoin price to go below 9,000.The Dow index, as well as top stocks, S&P 500 and Bitcoin price, have all started losing as coronavirus is conquering new territories. Even more, value vanishes since the virus reaches Italy: one of the world’s biggest travel and trading mecca. The COVID-19 also visits Iran, South Korea, Bahrain, Kuwait...

Walmart revealed it spent $11.8 billion the last year on dividends. Amazon doesn’t have such a strategy but AMZN stock price is growing.Amazon (AMZN) stock is in green these days while Walmart (WMT) stock is falling. Do these events have any relation to the companies’ performance and approaches? Let’s have a look at how both companies are doing.John Furner, President and CEO of Walmart US, said recently that the role of corporations has changed. By saying that, Furner was thinking of making...

In the framework of his campaign, U.S. presidential candidate Michael Bloomberg offered to develop a regulatory framework for cryptocurrencies.Billionaire entrepreneur, who turned politician, Michael Bloomberg is currently the U.S. presidential candidate 2020. As the U.S. Democratic party presidential campaign enters its closing stages, aspirants are throwing all they have in the ring to gain the support of democrats nationwide and Michael Bloomberg is not one to be left out.The billionaire...

The bears seem to be taking control of the crypto markets as Bitcoin and altcoins, including Ethereum and XRP, are losing heavily to wipe out all the last week’s gains. But technical indicators suggest good days ahead of this market correction.Bitcoin which was on an upswing last week took the beating on the weekend. The Bitcoin price nose-dived below $10,000 levels on Sunday, February 16, losing more than $300 in an hour.Having broken this crucial support, the world’s largest cryptocurrency...

Bitcoin is on a roll, today. The currency has rebounded from its recent drop to surge by roughly $500. At the time of writing, it is trading for over $10,300, marking a new high for the year.Bitcoin Has Set a 2020 RecordThe asset has undergone a period of hardcore change since 2020 began. It initially began the year trading at a measly $6,900, the lowest it had been in approximately one month. From there, it rose by $400 to reach $7,300 following political tensions between the United States...