Crypto EcoBlog
The Keep Network – which looks to bring a new level of privacy to bitcoin through Ethereum – has closed a funding round that garnered close to $8 million from investors like Paradigm, Collaborative Fund and Para FI Capital.The Keep Network Has a Lot of Money to Its NameThe Keep Network is a regular contributor to what’s known as t-BTC, which seeks to ensure Ethereum-based assets are available on the bitcoin blockchain.Paradigm founder Fred Ehrsam – who also co-founded Coinbase, one of the...
Read More »Microsoft (MSFT) Stock Is Up 5.31% Now, Is It True Winner on the Market?
On Monday Microsoft stock experienced a 5% market rise. The global computer software firm is well-placed to outlive the coronavirus storm better than many other stocks.Global computer software firm, Microsoft Corporation (NASDAQ: MSFT) stock has experienced a 5% market rise on Monday. Since sliding during the coronavirus sell-off, the firm’s stock did not plunge into the red in the first quarter. However, the firm’s stock trades 17% below it high on February 17.In the firm’s fiscal...
Read More »Men Like Raoul Pal Are Buying Up BTC Like Crazy
Former Goldman Sachs fund manager Raoul Pal has warned that the coronavirus’ effects on the global economy are about to get worse. In the meantime, he’s gone ahead and moved more than 25 percent of his portfolio into bitcoin and cryptocurrencies.Raoul Pal Is a Big Fan of BTCThis is an interesting notion on Pal’s part considering many analysts don’t see bitcoin as the “safe haven” so many people would like it to be. The currency is considered by many to have failed the “safe haven” test it was...
Read More »Tesla (TSLA) Stock Jumps Over 5% as Jefferies Upgraded It to Buy
Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained...
Read More »Facebook (FB) Stock Rose by 3.74% in Pre-market, Company Goes Head-to-head with Zoom
Facebook (FB) stock price was rising today in the pre-market. The company now wants to become a serious rival for Zoom.Facebook Inc (NASDAQ: FB) stock price has risen by 3.74% in the pre-market today. This comes as the social media giant is reportedly seeking to compete with Zoom Video Communications (NASDAQ: ZM). Facebook had a Windows app for its chat program in 2011. This was however discarded. Mark Zuckerberg revealed in his Facebook post:“We’re all looking for more ways to be together...
Read More »Moderna (MRNA) Stock Rose 4.94% on Friday, Moderna CEO Stephane Bancel Becomes Billionaire
On Friday, Moderna (MRNA) stock rose by 4.94% breaking out the $32 resistance level. Clinching above $34 has helped Moderna CEO Stephane Bancel to join the list of billionaires.As the war against the novel coronavirus intensifies all over the world, a lot of people are eying on the pharmaceutical companies spearheading the development of vaccines. Moderna Inc (NASDAQ: MRNA) stock continues enjoying a huge backing from investors, as the company pushes its vaccine to human testing. As a result,...
Read More »5 Coronavirus Stocks to Look Out For as COVID-19 Spread Continues
A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.Apart from the obvious health effects, the current coronavirus pandemic has already depleted financial markets all over the world. As the outbreak continues to spread and the world records a lot more confirmed cases, these economic effects are also going to continue. Many companies are already recording heavy losses and many of the world’s...
Read More »AMZN Stock Gains 3% in Pre-Market, Amazon May Buy Zoom-like Company to Replace Chime App
Amazon could buy a company like Zoom or Slack and replace its Chime app. Such an acquisition may help Amazon immediately increase its user base and at the same time focus on infrastructure. AMZN stock is up in the pre-market.Amazon.com Inc (NASDAQ: AMZN) stock has been showing good performance for several days in a row since last Thursday. Then, it was trading at $1,920.20. On Friday, Amazon stock was up in pre-market and climbed further during the trading session and closed slightly down at...
Read More »Disney (DIS) Stock Rises 3.59% in Pre-market, Is Its Takeover by Apple Possible This Year?
Though it’s probably too early to speak about it, but the Disney takeover by Apple seems to be quite real these days. Disney (DIS) stock is rising in the pre-market today.It seems like the Walt Disney Company (NYSE: DIS) takeover by Apple Inc (NASDAQ: APPL) is something that may be really possible soon. This is all due to the COVID-19 situation and its effects on the Disney business model. Sources say that though Disney has a lot going for it during this period, several things are working...
Read More »Central Bank of South Korea Introduces Pilot Program for Testing Digital Won
Digital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021.South Korean businesses and officials were talking about the government-backed stablecoins since December 2018. The Central Bank was hiring different industry experts. The experts prepare research on the CBDC related progress in other countries. Also, they propose own legal initiatives to improve the project. Now the Central Bank seems to be working...
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