Financial Industry News
With bitcoin and ether both headed up, CoinDesk’s Markets Daily is back with your bitcoin news roundup. Bitcoin has put in a positive June performance in six out of the last eight years. But Ethereum is drawing new investors with the start of staking due this year. A widespread bug has compromised a special type […]
Continue ReadingThe death of George Floyd ignited nationwide protests, which have been accompanied by more violent riots. Historically, riots of this scope indicate a shifting sentiment that eventually shows up in the economy and the stock market. This could be an ominous warning for the stock market recovery. America is burning. As the country emerges from […]
Continue ReadingCNBC’s 2020 Global CFO Survey reveals an extremely bearish outlook on the U.S. stock market, with more than half of respondents calling for the Dow to return below 19,000. The CFO outlook contradicts new forecasts from Goldman Sachs and Bank of America, whose models predict higher stock valuations. Stocks are coming off their second straight […]
Continue ReadingThe cryptocurrency market has been on an upswing ever since Black Thursday cut the asset class down to its knees around mid-March. After several consecutive weeks of positive price action, the TD Sequential indicator has issued a “9” sell setup across Bitcoin, Ethereum, Chainlink, and other top performing crypto assets. Total Cryptocurrency Market Cap Recovers […]
Continue ReadingChase Bank has settled a class action lawsuit brought by defendants who claim the J.P. Morgan subsidiary overcharged credit card fees for crypto purchases. Meanwhile, a new report shows that a million “timelocked” bitcoin transactions are open to a hypothetical exploit, while CoinKite has unveiled a new way to recharge hardware wallets. You’re reading Blockchain Bites, […]
Continue ReadingDavid G Leibowitz is Global Macro Portfolio Manager, CIO Lebo Capital Management, and co-founder of LeboBTC Ledger Group. I started my 39-year career as a Wall Street trader in the summer of 1981, watching the end (or the beginning, depending on your point of view) of the debt super-cycle, as Fed Chair Paul Volker raised […]
Continue ReadingDecentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More […]
Continue ReadingDespite major volatility caused by the halving, Bitcoin has ended yet another Q2 in the green. After showing poor performance in Q1 being down 10% QoQ, Bitcoin closed the year’s second quarter with a price increase of 48.56 percent. Bitcoin Finally Gets Out Q1 Rut The economic downturn caused by the COVID-19 pandemic has left […]
Continue ReadingKensington Palace is taking legal action against Tatler magazine for an article that paints Kate Middleton and Meghan Markle in a negative light. Despite this, the Sussex Squad and Meghan’s fans are generally reacting with glee at the upset this piece has caused. This reaction confirms that for the Sussex Squad, it’s all about Kate. […]
Continue ReadingRiots breaking out across the United States over the last several days have caused uncertainty to return to financial markets. Stock futures this weekend plummeted, while investors rushed to gold for its safe-haven like qualities. However, the recent riots highlight why Bitcoin is a far better safe haven than the precious metal ever could be. […]
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