Financial Industry News
After filing a motion for sanctions against Blockvest and its founder Reginald Buddy Ringgold III, the U.S SEC is now hoping to close the case for good. US securities regulator builds up a case against Blockvest The US SEC continues its efforts to crack down on numerous crypto scams that took place in the last […]
Continue ReadingAs the phrase goes, “what goes up, must come down.” And this is even more true for anything that goes up a little too fast – something Bitcoin price is known for. The cryptocurrency’s latest rally has now gone parabolic, and according to “the stick method” it has reached a 90-degree angle, potentially signaling a […]
Continue ReadingThe coronavirus outbreak routed the stock market, which presents an opportunity for bargain-hunters. Foot traffic to hospitality and entertainment spots in China has fallen drastically in recent days. The worst-affected companies include U.S. stocks such as Las Vegas Sands, Starbucks, and Wynn Resorts. The deadly coronavirus outbreak has battered worldwide financial markets. U.S. stocks with […]
Continue ReadingShares in Japan’s Kawamoto Corp. have quadrupled in January. The company sells medical masks and other healthcare equipment. Panic from the coronavirus pandemic has sent healthcare stocks soaring. China’s deadly coronavirus has hit global stock markets hard. On Monday the U.S. Dow Jones suffered its worst sell-off since October while trading in China was halted […]
Continue ReadingCharlie Lee is nothing if not controversial. The Litecoin founder who sold all his holdings to avoid a ‘conflict of interest’ in 2017 just proposed miners should voluntarily donate LTC to fund the network’s development. Miners Should ‘Donate’ Part of Their Litecoin Earnings In what turned out to be a provocative tweet on Jan 24, […]
Continue ReadingTesla is scheduled to report its fourth-quarter earnings this week. A strong earnings beat coupled with an uptick in delivery guidance can help justify Tesla’s valuation. Encouraging updates regarding the pace of production in the Shanghai Gigafactory can help the company’s cause. Tesla (NASDAQ:TSLA) is slated to release its fourth-quarter earnings report on Wednesday at […]
Continue ReadingToday, markets are green, with most of the top 100 posting gains. At the time of writing Bitcoin is up to $8,962 on the daily. Having peaked 4% to just below $9,150 earlier on in the day. Bitcoin daily price since Oct 19. (Source: tradingview.com) Analyst, Mati Greenspan attributes this run of form to US […]
Continue ReadingOil is officially in a bear market and one hedge fund manager believes that the stock market will follow suit. Overbought equities support the idea that equities are bound for a deep correction. Other traders welcome the correction to buy on dips. Oil just stepped into bear territory. Investors continue to dump the commodity as […]
Continue ReadingThe Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a […]
Continue ReadingGold and bitcoin are on the verge of making new 2020 highs. The bitcoin-to-gold ratio is forming its own break out pattern, suggesting that bitcoin will be the superior investment in the near future. Only the next financial crisis will test the validity of these competing hedge assets. Despite a rising death toll, the coronavirus […]
Continue Reading