Tag Archives: News

On account of the coronavirus outbreak, China’s manufacturing output has plunged to record lows in February as several factories were shut down. Central banks across the globe are willing to take corrective measures to ensure financial stability.The Chinese economic outlook is turning from bad to worse over the rising number of infected coronavirus cases, the Chinese stocks fell drastically. Last month, the Chinese government asked all companies and manufacturing units to shut down their...

According to Ripple CTO David Schwarz, stablecoins are a major trend among institutions and even the Central Banks this year. It is expected that stablecoins will soon launch on the XRP ledger.Ripple‘s network RippleNet has been known as a secure way to bundle worldwide payment transactions in one place and connect users’ development activities. With its intelligent node identification, the network is significantly faster than comparable payment networks. Besides, charges are calculated...

The recent analysis has shown that such a factor as a number of mentions on Twitter has a great influence on the price of XRP.Crypto Twitter has done it again, this time XRP is the focus. Recent findings suggest that the guys ( and gals) who make up ”crypto Twitter” have been doing their thing again. They have reportedly influenced the last bull run that XRP went through. As of today though, XRP is currently at $0.23. This is a far cry from the ten-cent rise (to $0.33) last month. This also...

Once a month, one billion XRP coins get unlocked from Ripple’s escrow wallet, which ensures that the company’s large stash of the cryptocurrency (over one-third of the total supply of the asset) does not get depleted too fast.Ripple just unlocked one billion XRP from escrow. The amount is worth approximately $226 million. This move has been spotted by cryptocurrency whale watchers and now the question is up again regarding the quantity of the XRP the San Francisco-based startup is selling on...

After a massive bloodbath last week, the markets are showing signs of recovery as indexes turn positive. Dow Futures are surging. But China’s manufacturing Index for February has scored below market expectations.Last week, the rising cases of coronavirus globally pushed the traditional stock markets in a bloodbath. All indices – Dow Jones, S&P 500, and Nasdaq – corrected around 10%. This was the fastest correction witnessed by the market since the global economic recession of...

The 2020 Geneva Motor Show is canceled after the Swiss government banned gatherings of 1,000 people or more due to concerns over the coronavirus. Now, most of the companies including BMW and Bentley will livestream their new models to the public.After Geneva International Motor Show was canceled due to rapidly spreading coronavirus, carmakers BMW, Porsche and Bentley decided to debut their new cars online. This isn’t anything unexpected since this approach has been already taken by some...

Dow Jones futures rose early Monday, along with S&P 500 futures and Nasdaq futures, after initially plunging Sunday. TSLA stock has also started growing in the premarket.As the infamous COVID-11 progresses, investors are worrying more and more every day. Everybody’s talking about how nobody expected that a virus will become a so-called ‘Black Swan’. Just for reminder, we call Black Swan any unpredictable event that is beyond what is normally expected of a situation and has potentially...

Elon Musk believes that it would be easy for China to surpass the U.S. in economic size. His prediction is not baseless as China is the fastest-growing trillion-dollar economy.On February 26, the Air Force Association’s Air Warfare Symposium (AWS) began in Orlando, Florida. AWS is a premier event for the aerospace and defense industry that brings together the top leadership of the Air Force and leaders in the industry, academia, and government officials. During the event, the issues and...

Ripple price declined heavily below the $0.2640 support zone against the US dollar.The price is currently consolidating above the key $0.2215 support level.There is a major bearish trend line forming with resistance near $0.2375 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair must climb above $0.2375 and $0.2465 to start a decent recovery in the coming sessions.Ripple price is currently consolidating above $0.2200 against the US Dollar. XRP price remains at a risk...

Stock market and Bitcoin volatility are bad but holding the fiat currency or average altcoin is even worse. Dow, S&;P 500 markets are falling during the fears that coronavirus stops supply chains. Where are investors putting their money power to avoid risk?The stock market had lost more than 3,6 trillion USD or the equivalent of 694 573 870 Bitcoin. The total mass of Bitcoins that can be in circulation is 21 million. We can say that the fair lost 33 Bitcoin markets. Each one has 16-21...