Tag Archives: Story of the Day

Both the Dow Jones and the Nasdaq Composite managed increased but started to lose points as the COVID-19 outbreak continues to spread, affecting over 1 million people globally.Even as the coronavirus pandemic continues to ravage the world both health-wise and financially, there seems to be some much-needed respite coming in from the world’s financial markets. Regardless of how long this respite will last, Wall Street is seeing some interesting and generally optimistic upward movement...

Binance acquires CoinMarketCap ‘to make crypto more accessible worldwide’. CoinMarketCap CEO is stepping down to spend time with family. Binance CEO claims he will make sure that CMC data is following the industry standards and needs.Binance is one of the three biggest exchanges in the crypto space. CoinMarketCap (CMC) is one of the most popular crypto tracking tools on the web. They had more than 200 million visitors per last 6 months.Per the official announcement, CoinMarketCap has gone...

Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.Per TradingView general manager Pierce Crosby, the programmatic price limits have significant influence over the Bitcoin hash rate. The lower the price per coin, the lower the profits from block mining. Crosby believes that part of the network’s rigs will slow down, causing a...

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...

Though Bitcoin (BTC) is experiencing its worst sell-off in the last 7 years, the smart money is preparing for a golden bull run after the next halving that is said to happen in 43 days.While coronavirus is raging all over the world, investors are wondering what will happen to Bitcoin and altcoins, especially after BTC halving. We all already know that halving is happening soon but let’s start from the beginning. As part of Bitcoin issuance, miners are rewarded a certain amount of Bitcoins...

IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.International Monetary Fund chief Kristalina Georgieva has stated that the global economy is now in a recession due to COVID-19, Bit she added that she’s “heartened to see world leaders finally realizing that only a coordinated effort will be able to stem the spread of the novel...

The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.We are all aware nowadays that the novel coronavirus affected the world markets. If we are talking about cryptocurrencies, Dow Jones or commodities it affected them all. Also, it affected people and their ability to invest. We already wrote that the management and consulting company McKinsey...

Well, the jobless figures and the economic outlook seem pretty bleak for the coming few quarters amid coronavirus, here is how the market is reacting to the situation. Is any further damage already priced-in?On Thursday, March 26, Dow Jones surged 6.38% closing the day 1351 points higher at 22,552 levels. This has been the index’s biggest 3-day surge since 1931. Just in the last three days, Dow has added nearly 4000 points to its rally.However, it was all surprising to see the markets rally...

U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.During the early trading hours on Thursday, the U.S. stock futures led by the Dow Jones showed signs of recovering, despite the initial release of jobless claims that recorded the worst in recent history. As a result of the ongoing coronavirus, layoffs...

Bill Gates, Microsoft сo-founder, shared his thoughts about the current state of the healthcare system and ways to fight coronavirus. He explained what measures he would implement if he were the U.S. president.Although not a one-man show, coronavirus is proving problematic to many nations, and a strict leader needed to keep people safe. One man who has been at the forefront of coronavirus pandemic outbreak in the world is none other than Microsoft co-founder and philanthropist Bill Gates. In...