Bitcoin (BTC) bulls flipped the table on March 4’s options expiry after a 14% rally on Feb. 28. Holding the price above $43,000 confirms a decoupling from traditional markets. For instance, the MSCI Emerging Markets Equities Index is down by 3.5% in five days, while the United States Russell 2000 Small-Capitalization Index gained 0.9%. Investors […]
Embrace the hunt for dividends if you are keen on outperforming what could be a volatile stock market in 2022 due to the Russia-Ukraine crisis and a rising interest rate environment. Or so says the team at Goldman Sachs. “High dividend yield and high dividend growth stocks also typically outperform during periods of high inflation […]
All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off […]
Aiming to become Europe’s Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish bitcoin, Tether and Lugano’s own LVGA Points token as essentially legal tender in the city. The move goes far beyond the actions of a number of other Swiss localities that for some time have been accepting crypto for tax […]
The UK advertising watchdog has banned a London underground campaign for Floki Inu, a cryptocurrency named after a dog owned by Tesla chief Elon Musk, for allegedly taking advantage of naive consumers unaware of the potential dangers of investing in digital crypto assets. The poster campaign featured an image of a cartoon dog wearing a […]
As Moscow’s war on Ukraine rages on and the Russian economy and currency spiral to new lows, Washington is reportedly trying out a new way to dial up the pressure on Putin: sanctions targeting cryptocurrencies like bitcoin and ethereum. The Department of Justice announced early Wednesday a new task force broadly designed to enforce sanctions. As part of that, it will target efforts to […]
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average declined 28 points. S&P 500 futures shed 0.11%, while Nasdaq 100 futures dipped 0.2%. During regular trading on Wednesday the […]
All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off […]
Federal Reserve Chairman Jerome Powell is tasked with telling Congress this week that the central bank will be doing more to control inflation at a time when markets expect it will be doing less. With fears over the Russian invasion of Ukraine causing turmoil in the financial world, Wall Street has quietly dialed down its […]
LONDON — European stocks closed firmly lower on Tuesday amid reports that a significant Russian convoy is heading toward Ukraine’s capital Kyiv. The pan-European Stoxx 600 dropped 2.2% by the close, with travel and leisure stocks plunging 7% to lead losses as most sectors and major bourses slid into negative territory. Basic resources bucked the […]
Colorado is slated to become the first US state to accept tax payments in cryptocurrency, a move the governor’s office has described as the “next logical step on the path to digital statehood”. Colorado’s governor, Jared Polis, who announced the effort last week, explained in a tweet that the state would accept crypto payments converted […]
Another Wall Street executive is departing the hallowed halls of traditional finance for the rough and tumble world of cryptocurrency. Morgan McKenney, the chief operating officer of Citigroup’s (C) global consumer banking arm and an 18-year veteran of the financial behemoth, is assuming the role of CEO for a company called Provenance Blockchain Foundation, effective […]
