Tag Archives: News

Brent crude has plunged nearly 31%, dropping to $31.02 per barrel with the year-to-date crude price dropping by 50%. The U.S. benchmark commodity is witnessing its worst day in almost the last three decades since January 17, 1991.Last Friday, the OPEC and non-OPEC allies failed to reach a consensus on cutting down oil production to control oil price. Well, the tremors of these decisions are clearly visible in the global oil market.In the early trading session on Monday, oil prices crashed 30%...

Ireland, Switzerland and Austria generate most of the coronavirus related requests in Europe. They want to know how coronavirus impacts Bitcoin price. The situation looks like both Bitcoin and coronavirus turn out to be risky, yet very profitable investment bet.Per Google Trends, people across the planet are in the search for ‘coronavirus bitcoin’. They show more concerns over the virus’s influence on local areas.Specifically, Canada, Singapore, Germany, and Australia are beating the charts...

A cryptocurrency analyst is claiming that the days of a bitcoin ETF are numbered.A Bitcoin ETF May Not Arrive for a WhileData Trek Research co-founder Nick Colas explained in an interview that the Securities and Exchange Commission (SEC) is being very hard on bitcoin exchange-traded funds (ETFs), and that people will likely see a bank-issued central cryptocurrency before they witness the days of a bitcoin ETF.Last January, Colas explained that the odds of witnessing an ETF based on a...

Bitcoin may be going through some heavy turmoil as of late, but its believers are still hovering in the background waiting for it to accomplish big things.Bitcoin Is Still Likely to Accomplish a LotThanks to growing fears of the coronavirus, bitcoin has seemingly fallen heavily over the past few weeks, dropping from about $10,500 in mid-February to roughly $8,300 by the end of the month. Over the past week, positive news has permeated the space, allowing the currency to recuperate...

Looking for the next stock in the market which can ensure a better retirement for you? Ignore Tesla (TSLA) stock at your own risk!With a solid performance over the last two quarters, Tesla has sent shivers to its competitors in the automobile industry. In just the last six months, Tesla Inc (NASDAQ: TSLA) stock has jumped over 200% making it the second-largest global automobile after Toyota Motor Corp (TYO: 7203). And probably it could be a good reason to buy Tesla (TSLA) stock these days.The...

Finland-based cryptocurrency exchange Local Bitcoins has hit a heavy snag.Local Bitcoin Is Reporting Seriously Low TradingAs we all know, bitcoin – the world’s number one cryptocurrency by market cap – has suddenly decided to shoot up following news that India was removing its crypto ban and that South Korea was implementing new legislation that could potentially bring bitcoin and its altcoin cousins to the mainstream.However, Local Bitcoins doesn’t appear to be benefiting from this news. In...

Bitcoin has shot past the $9,000 mark once again, but it’s still facing heavy resistance.Bitcoin Is Doing Better, but It’s Still StrugglingThe number one cryptocurrency by market cap has been struggling as of late thanks to rising fears of the coronavirus, which has spread throughout most of Asia, as well as parts of Europe and North America. More than 2,000 deaths have been recorded thus far, while tens of thousands of other individuals remain infected at the time of writing.The currency...

It was reported recently that India had removed the crypto ban it initially instilled in the year 2018. While the ban was not placed on digital assets themselves, it did place limitations on banks and financial institutions and prevented them from offering their services to crypto-based businesses.India Is Likely to Up Its InvestmentsThe Supreme Court of India has decided that this ban is unconstitutional and has thus taken the liberty of striking it down. This is a first step towards the...

South Korea is introducing its citizens to a new law that’s likely to set crypto on a very legitimate path.South Korea Initiates New Crypto LawThe law requires that South Korea obey all international financial regulations and adhere to know your customer (KYC) laws for all its digital trading platforms. This will lessen the chance of money laundering, terrorist financing and other illicit activities.South Korea, at one point, was one of the world’s biggest cryptocurrency hubs. The nation...

As crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price. However, the two groups failed to reach a consensus with Russia backing off.The rising concerns with the coronavirus spread have put the global economy in doldrums at this stage. On Friday, the OPEC and non-OPEC allies met for discussing the cutdown on oil production amidst slowing demand.Just like the stock markets, the global crude market has faced...