Tag Archives: Story of the Day

As per reports from Forbes on January 27, 2020, Bitcoin (BTC), the world’s largest cryptocurrency experienced a 5% rise, briefly climbing as high as $9,142.80 per Bitcoin on the Luxembourg-based BitStamp exchange before slightly falling back afterward. At the moment of writing, Bitcoin price is $9,017. However, this price still demonstrates a more than 4% growth over the last 24 hours.Since Bitcoin enjoyed a tremendous boost in 2017, it has struggled to reach a similar height. The crypto is...

As the coronavirus continues to spread, there is rising, palpable apprehension among many global businesses. The continued spread of the virus is reminiscent of the SARS epidemic that hit China many years ago. The possibility of a repeat occurrence, either as strong as the SARS situation or even stronger, is already triggering general business anxiety and unease. Coronavirus Continues to SpreadAt the moment, there isn’t a lot of progress with curbing the virus. Bloomberg reports that the...

Ever since cryptos came into existence a decade ago, a lot has changed in the financial world. Many crypto proponents suggested a while back that digital currencies will soon take over the world. They said that cryptos will eventually render fiat currencies obsolete. However, new studies show that cash is unlikely to disappear ‘anytime soon.’Although there is declining use of cash as a payment method and the cryptos are surging, Deutsche Bank is convinced that money is here to stay. The...

The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has sold $400 million worth of the Amazon stock. The news has come from a filing that Jeff Bezos made with the Securities and Exchange Commission.According to the filing, Jeff Bezos retains sole voting authority over MacKenzie Bezos’ stake that stands at nearly 19.5 million Amazon shares. Notably, it is 200,000 fewer shares than MacKenzie received of their divorce. Those 200,000 shares are worth about $400 million at the current...

The stock market is famous for its volatility. While companies operating in one industry are on the rise, businesses in other spheres are suffering drops in prices. Currently, the world is obsessed with the rapidly spreading coronavirus that initially appeared in China. And obviously, it could not just pass by the pharmaceutical industry and such companies like Johnson & Johnson, producer of medical devices and pharmaceutical goods. Johnson & Johnson stock has seen growth last week....

The stock market is already reacting to the spread of the deadly coronavirus. So far, futures on the Dow Jones, Nasdaq as well as the S&P 500 have all plunged as the coronavirus continues to spread even outside of China. The general atmosphere in the stock market is a little bothersome for many investors. Authorities in China and other countries have yet to find a solution to the problem.Coronavirus Hits the Stock MarketThe Dow Jones futures plunged by about 1.6% while futures on the...

The Blockchain Association which represents some of the biggest names in the cryptocurrency industry announced the launch of a new Market Integrity Working Group. The group is tasked with the responsibility of ensuring fairness, equity and accountability in the crypto space. It will be co-chaired by senior executives of both the well-known blockchain firm Ripple and the Coinbase crypto exchange.The new group will be headed by Rachel Nelson, the senior director and associate general at...

The leaders of the European council and commission, Ursula von der Leyen and Charles Michel have signed the Brexit agreement in Brussels. It happened seven days before the agreements will gain full juridical force.The House of Commons submitted the initial draft of Brexit docs and then rejected the corrections made by the ‘oldies’. The powerful youth said that the bill must pass without changes, and the Lords gave up. After House of Lords’ approval, the bill is receiving the royal assent on...

Tesla and SpaceX CEO Elon Musk has once again shared his opinion on Bitcoin and its utility. On Monday, Musk was interviewed on the Third Row Tesla Podcast where he spoke about many things including his current and past endeavors. Among the topics discussed was the future of technology and how Bitcoin might relate. Musk explained his thoughts on Bitcoin.How Elon Musk Feels about BitcoinDuring the interview, Musk declared that he is neutral about Bitcoin’s potency. Even though he didn’t...