Anti-Malaria Drug Linked to COVID-19 Cure Is a Bad Investment

After Mylan announced it would resume producing chloroquine, shares rose dramatically. Anecdotal evidence suggests the anti-malaria drug as a possible COVID-19 cure. Shortages of chloroquine in the U.S. have been reported. Shares of Mylan (NASDAQ:MYL) received a boost after the biotech firm announced that it would resume manufacturing hydroxychloroquine-sulfate tablets. The anti-malaria drug has been…

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GeliosTrade, An Easy-To-Use Investment Platform

GeliosTrade is an independent broker platform that focuses on CFD transactions and investments in the trading market. Apart from this, the firm also focuses on spread betting. It has a MetaTrader 4 trading terminal that offers its customers an advanced, transparent, and seamless way to make lucrative trading decisions. Background Story William Scensson, a Norwegian…

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Lambo-Lusting Britons Lose $34 Million to Forex, Bitcoin Investment Scams

Lambo-Lusting Britons Lose $34 Million to Forex and Bitcoin Investment Scams Crypto-related scams are on the rise with victims commonly falling for quick gains from bitcoin for those Lamborghini purchases. | Source: ShutterstockBy CCN: United Kingdom’s financial regulator, Financial Conduct Authority and the reporting center for scams and cybercrime, Action Fraud, have issued a warning…

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MercadoLibre Dumps Crypto Days after PayPal’s $750 Million Investment

MercadoLibre Dumps Crypto Days after PayPal’s $750 Million Investment Latin American e-commerce giant MercadoLibre dumped crypto just days after receiving $750 million from PayPal. | Source: ShutterstockMercadoLibre, a Latin American e-commerce giant with a presence in nearly 20 countries, recently started warning users that cryptocurrency-related listings will be banned from its platform. The company made…

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First to Worst: Bitcoin Ridiculed as Most Disastrous Investment of 2018

FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018. Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from FinExpertiza. While precious metal palladium turned out to be the most profitable investment, Bitcoin losses were noted to be 71.15% at…

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