The dollar rebounded against major currencies on Tuesday as promising results from the trial for a vaccine for coronavirus improved sentiments in the market. Riskier assets, as well as currencies linked to commodities, rallied as well. This occurred most likely because of the oil price surge forward over the last few days. Junichi Ishikawa, the …
U.S. dollar rallied due to the promising news about vaccine Read More »
On Tuesday, stocks across the Asia Pacific benefited from the news related to the potential coronavirus vaccine. South Korea’s Kospi index added 2.25% to close at 1,980.61 with shares of world-famous automaker Hyundai Motor surged 7.83%. Moreover, Japan’s Nikkei 225 ended its trading day 1.49% higher at 20,433.45 as shares of robot maker Fanuc added …
Crypto-related crimes represent a serious problem for the industry. Moreover, such cases may have a negative impact on the process of crypto adoption. Last week, hackers attacked multiple supercomputers in different parts of Europe and they wanted to use supercomputers to mine cryptocurrency. As a result, as least dozen of supercomputers in the U.K., Germany, …
Hackers Attacked Supercomputers to Mine Cryptocurrency Read More »
The coronavirus pandemic changed the economy and many companies are struggling to avoid bankruptcy. Moreover, some countries such as Poland, Belgium, Denmark, and France decided to block companies linked to offshore tax havens from coronavirus bailouts. It means that companies in the countries mentioned above won’t be able to receive money as part of the …
Self-driving cars have not fully gained the American people’s trust. This is not surprising, considering autonomous vehicles remain theoretical and elusive for most people. The self-driving cars are of a limited number. Those that are on the road today are mostly test vehicles that aren’t available to the riding public. The latest poll to affirm …
SurveyUSA and PAVE Find Americans’ Distrust in AV Technology Read More »
The British pound hit an almost two-month low on Monday due to speculation about negative interest rates. After a week of deadlocks with the EU over a post-Brexit trade deal, the sterling traded by 0.1% to $1.2091 at last. On Saturday, the Bank of England’s chief economist considered negative interest rates, causing the currency’s further …
The pound collapsed on Monday. What caused its decline? Read More »
The coronavirus pandemic caused tremendous problems for the global economy. Private as well as governmental organizations are working round the clock to address this problem. Moreover, they want to create an effective vaccine to prevent such issues in the future. The biotechnology company from the U.S. successfully conducted an early-stage human trial for a coronavirus …
Crypto companies have the potential to expand their services thanks to investors. For example, one cryptocurrency trading platform raised millions of dollars as part of a pre-seed round. The name of this trading platform is FalconX. This cryptocurrency trading platform provides the best trade execution. It provides the best available prices and minimal slippage. According …
An American company from Massachusetts reported the news that helped to boost its shares. According to Moderna, early-stage human trial for a coronavirus vaccine produced COVID-19 antibodies in all participants. Notably, 45 people took part in this process. The company’s shares jumped more than 17%. Participants received two doses of the potential vaccine via intramuscular …
Shares of Moderna Surged Thanks to Vaccine Trial Read More »
The U.S. dollar was stable on Monday. This is despite concerns about global tensions with China overshadowing improving sentiment from easing restrictions. The currency firmed slightly against the Japanese yen, at 107.25 yen per Dollar, as Japan fell into recession. Against the majority of other Asian currencies, the greenback remained steady at 100.380 after hefty …
The Dollar remains steady as U.S.-China tensions escalate Read More »
Last week, the institutional cryptocurrency trading platform FalconX made an important announcement. According to the announcement, FalconX raised a total of $17 million in a round led by Accel. Interestingly, Accel has Facebook as well as Slack in its portfolio. Moreover, Coinbase Ventures, Fenbushi Capital, and Land Avon Ventures invested in FalconX. Furthermore, the cryptocurrency …
Cryptocurrency Trading Platform FalconX Raised $17 Million Read More »
Japan is one of the most developed countries in the world and retains this status for decades. It has the third-largest economy around the globe. Moreover, not a very long time ago it had the second-largest behind the U.S. However, the local economy was struggling even before the coronavirus pandemic. However, the pandemic created additional …
Japan’s Economy Entered Recession as a Result of Q1 Read More »
Silver prices started to increase after Friday’s breakout session. Phillip Streible, a chief market strategist at Blue Line Futures, said that the demand for the metal has increased while the supply has dropped. These conditions are likely to continue to push silver rates higher. May silver prices settled at $17.51 an ounce. Since late February, …
Supply crisis pushing the silver price to 3-month high Read More »
Users of videoconferencing service Zoom reported audio and video problems. Social media was flooded with posts from users reporting they were experiencing such issues. Thousands of people have reported problems with the site since 9 am, in the UK, according to the website DownDetector. The company has not yet acknowledged the outage, which came as …
It is no secret that countries around the world are struggling to cope with issues related to coronavirus pandemic. Unfortunately, it is hard to determine, how long it will take to stabilize the global economy. Moreover, investors are closely monitoring the situation as they want to know what is going on with the economy of …
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