Financial Industry News
Some stocks are defying gravity amidst the coronavirus-related plunge. Select biotech firms developing vaccines or treatments for the respiratory illness are among the winners. Clinical trials are either underway or set to begin. Since last week’s close, the S&P 500 index has dropped from 3338 points to around 3070 in Thursday’s premarket hours, a fall […]
Continue ReadingBlockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact on small businesses. The Committee on Small Business will hold a hearing titled “Building Blocks of Change: The […]
Continue ReadingBitcoin has recovered a tiny bit today but it is still in a down trend from the 2020 high. Zooming out reveals a scarier notion and it could be that the bear market still isn’t over. Bitcoin Holding Support BTC has recovered a little since its dump below $8,600 yesterday. According to Tradingview.com the asset […]
Continue ReadingCoinbase, the U.S. cryptocurrency exchange boasting over 20 million views per month and over 30 million total accounts, has tested Clearview AI facial recognition technology according to a BuzzFeed News report. However, Coinbase has denied that the test involved customer data. The controversial software has been the subject of intense scrutiny since a New York […]
Continue ReadingBitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline. Bitcoin is showing signs of a short term upside correction from $8,512 against the US Dollar. The bears are still in control unless there is […]
Continue ReadingRockstar Games’ Boozy Teaser is a Buzzkill for GTA 6 Reveal Hype A new image on the Rockstar Games site has fans excited, but could it really be teasing a Grand Theft Auto 6 announcement? Published: February 28, 2020 5:11 AM UTC New artwork in a revamped Rockstar homepage is sparking speculation among gamers, but […]
Continue ReadingBlockchain voting is gaining more traction in the United States despite the abysmal failure of mobile voting at the Iowa Democratic Caucus earlier this month. Companies on the forefront of blockchain technology realize the potential of the products they are developing to not only transform the global economy, but also the way voters cast their […]
Continue ReadingThe Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their glaring coronavirus omission is laughable. The […]
Continue ReadingRipple started an upside correction from the $0.2220 support area against the US Dollar. XRP price is now testing $0.2450 and it must surpass $0.2500 for a fresh rally to $0.3000. Ripple price is currently recovering above the $0.2320 and $0.2400 levels against the US dollar. The price is now facing a couple of key […]
Continue ReadingEthereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline. Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar. The price is still facing a lot of key […]
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