Financial Industry News
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingThe spot bitcoin market was fairly dull Thursday. That doesn’t mean it’s not moving: Holders of the cryptocurrency are increasingly plowing it into decentralized finance. Bitcoin (BTC) trading around $11,543 as of 20:00 UTC (4 p.m. ET). Slipping 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $11,274-$11,661 BTC slightly above its 10-day and 50-day […]
Continue ReadingThe Dow Jones suffered a moderate setback on Thursday. Initial jobless claims dove below 1 million, but this provided little support for the stock market. Analysts believe the election may be a foregone conclusion, as Trump flounders, Biden’s fundraising surges, and GOP lawmakers go their own way. Initial jobless claims dove on Thursday, but so […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingBoth the IEA and OPEC have revised oil consumption forecasts downwards in the wake of the pandemic demand crash. Even if there’s a recovery, oil stocks are unlikely to fare well under a Democratic administration. The double-digit growth of renewables is another threat to fossil fuels. Although oil stocks rank among the worst-hit equities in […]
Continue ReadingThe S&P 500 Index continues to flirt with record highs. Signs of economic recovery suggest the worst of the Covid-19 pandemic has passed. Billionaire investor George Soros believes the Federal Reserve has inflated an asset bubble that will end in misery. U.S. stocks are flat-footed on Thursday, but the major indexes continue to hover near […]
Continue ReadingWith the price of BTC bouncing and ETH miners on the rise, CoinDesk’s Markets Daily is back for your news roundup! Bitcoin has shrugged off a drop to $11,300 for the third day running, possibly buoyed by gold’s recovery on Wednesday. The surge in profitability comes after rises in transaction fees and prices of the ether […]
Continue ReadingAfter decades of acquiescing to the Chinese Communist Party, manufacturers are diversifying their needs elsewhere. This is a massive win for Donald Trump and a vindication of his entire presidency. Even better, it’s a win for both global consumers and human rights. It wasn’t decades of intellectual property theft. It wasn’t the wholesale surrender of […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingCongestion is building on the Ethereum blockchain, the second-largest blockchain, thanks to the recent popularity of dollar-linked “stablecoins” and “decentralized finance” applications like Compound. And now fees to process transactions, which escalate when congestion is high as some users pay up for faster execution speeds, are soaring to levels not seen since the initial coin offering craze of 2017. […]
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