An enterprise-grade altcoin centered on payments and supported by Cardano is making waves after a sudden launch on the popular US-based crypto exchange Coinbase. Coti (COTI) trading went live on Coinbase on Friday after hitting Coinbase Pro on Wednesday. The listing triggered a spike in the price of the crypto asset, from $0.29 to $0.45 […]
Stock Markets Impressive stock market gains were garnered in the just-concluded trading week as investor sentiments rose on the news that full Food and Drug Administration (FDA) approval was granted to the Pfizer-BioNTech COVID-19 vaccine. This signaled the strong possibility that the economic recovery will continue unabated and that the worst of the pandemic is […]
Google parent Alphabet is edging toward a major milestone, looking to join the $2 trillion market cap club alongside Apple and Microsoft. The stock also hit a record high on Thursday for a fourth day in a row. But, after it surged more than 60% this year, Miller Tabak chief market strategist Matt Maley has […]
What happened Shares of Facebook (NASDAQ:FB) are up a modest 2.5% in 3:25 p.m. EDT trading Friday — which may not sound like much, but on a $1 trillion dollar stock, it equates to an additional $21.2 billion in market capitalization. (For context: If Twitter moved that much in a day, its stock would be up 41%!) So what Why are Facebook […]
The Reserve Bank of India may launch its first digital currency trial programs by December, central bank governor Shaktikanta Das told CNBC. Central banks including those in China, Europe and the U.K. are exploring digital currencies that would be issued by them, either to commercial lenders or to the public directly. They are called central […]
Cuba will now recognize and regulate cryptocurrencies such as bitcoin, citing “reasons of socioeconomic interest.” Resolution 215, which was published Thursday in the state-run Official Gazette, says the central bank will set new rules for how to deal with digital currencies. Commercial providers of related services will now need a license from the central bank […]
HONG KONG, (Reuters) – Asian shares were mixed on Friday morning as slight gains in China were balanced by declines elsewhere and investors globally turned cautious ahead of a long-awaited speech by Fed Chair Jerome Powell. Remarks from the Federal Reserve’s more hawkish policy makers and a deadly attack in Afghanistan also subdued sentiment and […]
Buybacks are making a comeback In the years before the COVID-19 pandemic, one of the biggest sources of buying power in the stock market were the companies themselves. At the post-crisis buyback peak of March 2018, members of the S&P 500 had spent a collective $823.2 billion repurchasing shares of their own company over the […]
What Happened: Adam Back, CEO of Blockstream and the cryptographer behind Bitcoin’s (CRYPTO: BTC) Proof-of-Work mining algorithm, anticipates that the leading cryptocurrency’s price will reach $100,000 this year. In a recent interview with Anthony Pompliano, Back said that after analyzing Bitcoin options prices, the price reaching $100,000 is still “quite possible” this year. “The comparison […]
The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to a low of $46,457 before […]
While several lenders have historically offered loan services to start-ups, Brex is looking to take advantage of the increase in venture debt financing with a $150 million fund. The newly launched Brex Venture Debt will look to compete with the likes of Silicon Valley Bank, American Express and Bank of America Corp. to offer early […]
Stocks rallied again on Wednesday with the S&P 500 and Nasdaq both hitting record closes. Three investors shared the trends they’re seeing in the market and the areas they think could climb higher. Anastasia Amoroso, chief investment strategist at iCapital Network, says fear of the Federal Reserve has faded, paving the way for fresh highs. […]
