Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At […]
Many of us are moving around these days a lot less than we used to — because of COVID, we’re working from home instead of an office; and we are traveling and going out less. Now, as we shift back into more “normal” behavior, a startup that’s helping to better understand where and how we […]
A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This […]
Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work. In a Monday blog post, Coinbase chief people officer L.J. Brock said “nearly the entire company will shut down” for four separate weeks this year as part of an […]
China is ramping up efforts to roll out the digital yuan to the broader population, as the country’s technology giants like Alibaba and Tencent jump on board. But there are challenges ahead and one particular question stands out: Will Chinese citizens — who already use two dominant mobile payment systems run by these same tech […]
Inflation, central bank policy tightening and Covid-19 infection rates continue to threaten the bull run for stocks, but analysts largely do not foresee a major decline for shares in 2022. U.S. stocks had a rough start to the year last week, driven by further hawkishness from the Federal Reserve and a sell-off for highly valued […]
U.S. equity futures were teetering around the break-even mark early Tuesday morning as anticipated action by the Federal Reserve in March and growing inflation continue to take its toll on American families. Benchmarks fell on Wall Street on Monday following a sell-off last week as investors shifted holdings in anticipation the Federal Reserve will raise […]
The price of cryptocurrency continued to drop overnight, with Bitcoin settling in at around $41,900 early Monday morning. Bitcoin rivals Ethereum and Dogecoin were trading at $3,146 and 15 cents, respectively, Coinbase reported. Sunday night, Bloomberg reported the Federal Reserve expects at least four rate hikes during 2022 – up from the three rate hikes […]
Stocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors. “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we […]
U.S. stocks resumed their sell-off on Monday as government bond yields continued to trek upward, a hint that many traders are growing more certain that the Federal Reserve will move in the next few months to raise interest rates. Traders say the pressure on U.S. stocks isn’t thanks to material concerns about the economy or […]
Evidence of a PayPal cryptocurrency named PayPal Coin has been found in the PayPal app which was leaked to Bloomberg last week. Inside the app can be found reference to PayPal Coin along with an already created logo for the coin. PayPal confirmed the link in a statement to Bloomberg which stated: “We are exploring […]
WASHINGTON, Jan 10 (Reuters) – Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad. In a blog published Monday, the IMF said it expected robust U.S. growth to continue, with […]
