Evergrande, a Chinese property giant nursing more than $300 billion in debt, remains on the brink of default — sending global equities tumbling Monday as investors, who had previously ignored the situation, sat up and took notice. Fears of a bursting property bubble have long been a concern forRead More →
U.S. stocks held minor gains Wednesday midmorning in muted trade ahead of the release of minutes from the Federal Reserve’s March policy meeting which may offer clues on the central bank’s strategy if the economic rebound from the coronavirus pandemic runs too hot. How are stock benchmarks trading? TheRead More →
According to research by on-chain analytics provider, Glassnode, 95% of the Bitcoin changing hands last was last moved less than three months ago on the blockchain. Glassnode’s March 15 The Week On-Chain report found that just 5% of spent outputs are more than 90 days old, indicating the vastRead More →
Gold and Bitcoin supporters are likely to keep arguing with each other as both gold advocates and Bitcoin maximalist stick to their own school of thought. Recently, MicroStrategy CEO, Michael Saylor predicted that in the future, investors are more likely to opt for Bitcoin over the yellow metal. In anRead More →
Chalk this up to another way the rich are different from you and me. When wealthy people think about how much of their investment portfolio should be in equities, the most-cited factor influencing their decision is advice from their financial adviser. When investors from all rungs of the incomeRead More →
U.S. stock indexes rebounded from early losses on Friday but traded mostly lower as investors reacted to a weaker-than-expected September jobs report and news that U.S. President Donald Trump and first lady Melania Trump had tested positive for the coronavirus. The president and his wife will need to beRead More →
Aave has become the top DeFi protocol, with $1.5 billion locked up in its smart contracts. It has also become the first DeFi project to reach a market cap of $1 billion and has been granted an electronic money institution licence by the UK’s Financial Conduct Authority. Aave recentlyRead More →
Recent digital asset custody clarity from the U.S. Office of the Comptroller of the Currency, or OCC, will likely affect institutional investors more, according to OKCoin CEO Hong Fang. “The biggest impact will potentially be on institutional investors,” Fang told Cointelegraph. She added: “Retail investors have a much widerRead More →
Dollar Is Losing Its Luster as Investors Line Up to Go Short (Bloomberg) — After rocketing higher in March as the ultimate haven currency, the dollar is now headed for its worst month since the beginning of 2018, and many strategists see the sell-off continuing. Negative real rates inRead More →
In the last three weeks, $150,000 worth of $50,000 Bitcoin Call Options (BTC) for the June and December 2021 strikes have been traded. The LedgerX Derivatives Exchange was used as an intermediary for these ultra bullish trades, but what could be the reason for this? There are good reasonsRead More →
The Bitcoin community has been juggling multiple reports and speculation in the last few weeks, all concerning the accumulation of BTCs on Grayscale, a development that in the minds of many represents the rise of institutional investors. However, hypnotized by such developments, people tend to forget the market’s relianceRead More →
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarityRead More →
Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was laterRead More →
Investors have plowed money into a new exchange-traded fund that tracks the sports betting and online gambling industries, even as professional competition remains closed. It’s a sign, industry-watchers say, of confidence in the longer-term outlook for the sector, as well as a reminder that many people are substituting play inRead More →
The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset freeze against two Pennsylvania-based brothers allegedly running three cryptoRead More →
© Reuters. By Gina Lee Investing.com – Asian stocks were mostly up on Friday, with investors continuing to monitor rising numbers of COVID-19 cases in China and the U.S., alongside an uptick in U.S.-China tensions. Beijing announced 25 new cases on Thursday, bringing the total number of cases linked toRead More →
Tales of out-of-work 20- and 30-somethings using coronavirus stimulus checks to scoop up stocks on Wall Street with reckless abandon are coming fast and furious, but the reasons behind the recent fervor for investing is, perhaps, far simpler. MarketWatch has written a bit about the rising influence of retail investorsRead More →
The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cointelegraph, Herrmann didn’t mention Grayscale’s Bitcoin Trust byRead More →
© Reuters. New York Stock Exchange opens during COVID-19 By David Randall NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. Value stocks,Read More →
A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals to 80% of Institutions Surveyed Fidelity Digital Assets, the cryptocurrencyRead More →
CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May wasRead More →
European stocks extended gains for a third day on Wednesday as investors looked past domestic unrest in the U.S., and took inspiration from data indicating more economic strength as global pandemic lock downs unwind. The Stoxx Europe 600 index SXXP, +1.42% rose 1.1% to 363.81, after closing up 1.6% onRead More →
Investors who participated in Tezos’s (XTZ) initial coin offering between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the proposed $25 million settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final settlement hearing is setRead More →
If you’re an investor who doesn’t want to miss out on the next big trend, you had better pay attention to what’s going on in space. When people think about the space business, they may be excited that on Saturday the U.S. finally regained the ability to send people intoRead More →
The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief ofRead More →
