Archive

The Leading Cryptocurrency Stories for 25th June 2018

After a few days of range bound movement, the cryptocurrency market started to bleed again, with almost all major altcoins losing between 10% and 20% of their value. A primary reason for this downtrend was the suspension of a new

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Wedbush Analyst Issues ‘Outperform’ Rating to Nike

  The World Cup 2018 (football) is now very much under way and market is already pushing up footwear stocks such as NIKE, Inc. (NYSE: NKE) and Adidas. In particular, the stock of Nike is making new highs recently. It

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US-China Trade Tensions Increase Demand for Yen

  Global trade tensions and an anticipated slow-down in the economic growth have turned the Kiwi dollar weak against the G10 basket of currencies. The yen, on the contrary, has been rising as investors run towards it for safe cover.

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The Leading Cryptocurrency Stories for 20th June 2018

The cryptocurrency market is once again making an attempt to turn bullish and the outcome, as usual, is dependent on whether Bitcoin crosses $10,000 mark. Whilst cryptocurrencies are trying to break the range bound movement, governments across the globe are

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Microsoft Acquires Educational Platform Flipgrid

  Software sector’s big brother Microsoft Corporation (Nasdaq: MSFT) has acquired Flipgrid, a social learning platform that facilitates students to make videos and share it publicly or privately using iOS and Android devices. Notably, a week before, the company finalised

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Poor Factory Sales, Crude Price Drop Turns Loonie Weak

  During the monetary policy meeting held last week, the ECB (European Central Bank) decided to trim the quantum of bond purchases to €15 billion from  September 2018 onwards. Currently, the ECB purchases bonds worth €30 billion every month. The

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The Leading Cryptocurrency Stories for 18th June 2018

After remaining in the red for the most part of last week, the cryptocurrency market has started showing some signs of a reversal in the past two days. Whether it will really result in a long-term reversal is now a

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Strong Inflation Data & Fed Hike Turns Greenback Bullish

  The Euro has started the week stronger against the greenback for two reasons: firstly, the Italian political risk has faded away after Giovanni Tria, the country’s finance minister, said he supports staying in the Euro zone and wants to

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Goldman Sachs Raises Netflix Price Target To $490

  On-demand video content provider Netflix, Inc. (Nasdaq: NFLX) shot up yesterday after Goldman Sachs raised its price target by $100. The renowned investment management firm also reiterated its buy rating. The arguments provided by the analyst and the upwardly

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The Leading Cryptocurrency Stories for 13th June 2018

The cryptocurrency market started bleeding on Monday due to three main reasons. Firstly, the CFTC has issued subpoenas to four main cryptocurrency exchanges, asking for trading data, to investigate price manipulation. Secondly, Coinrail, a cryptocurrency exchange was hacked during last

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