Earlier this January, the global cryptocurrency market exceeded $700 bln, reaching an all-time high in the valuation of all cryptocurrencies combined. Market capitalization amplifies an asset’s value by that asset’s overall amount in circulation. The spike occurred as a result of the increase in the value of more than 1,400 cryptocurrencies in use. Considering the … Read more
A bitcoin trader allegedly lost nearly 200 bitcoins during the recent cryptocurrency market correction, which forced the bitcoin price as low as $9,231 after peaking at $19,891 last month. The tragic story, which was posted on the Bitcoin Markets subreddit, is a stark reminder of how fleeting crypto wealth can be — and how bitcoin … Read more
Jared Smith represents a new breed of millennial: someone who saw the financial crisis unfold during his formative years but is now ready to step back into the arena and take some risk. The 31-year-old New Yorker is a big believer in stocks. While that seems like a no-brainer for a market that has skyrocketed … Read more
Bond yields have risen sharply in the past week, sparking fears of trouble in the Treasury market, but one trader sees a buying opportunity. Treasury yields were modestly lower on Tuesday. On Monday, the 2-year Treasury yield hit its highest level since 2008, while the 5- and 10-year Treasury yields hit their highest levels since … Read more
After yesterday’s rally, trading was relatively quiet today. The major indices opened slightly higher. But the DOW went nowhere and the S&P bounced around in the morning before trading in a 6 point range for the rest of the day. It was a choppy mess except for the NASDAQ. The tech index was helped out … Read more
Dan Schulman, chief executive of PayPal, talks with bitcoin pioneer Wences Cesares about bitcoin, blockchain and fintech in a Facebook interview. Casares, a serial entrepreneur, has launched startups across South America and the United States, not the least of which is bitcoin wallet startup Xapo, which he currently leads. Cesares is also a member of the … Read more
Stocks closed higher on Monday, erasing slight losses from earlier in the session, as U.S. lawmakers reached a deal that would resume government operations. The S&P 500 rose 0.8 percent to close at a record of 2,832.97, with energy and telecommunications as the best-performing sectors. The Nasdaq composite also reached an all-time high, advancing 1 … Read more
Lloyds Banking Group Plc is taking new rules to isolate its trading operations literally. Some traders will soon be physically separated from their colleagues and placed in a glass box to comply, according to people with knowledge of the matter. About 120 staff at the Lloyds Bank Corporate Markets division, which includes foreign exchange and rates, will be … Read more
Photo by Stephen Brashear / Getty Images Amazon Go, the e-commerce giant’s new cashier-less grocery store in downtown Seattle, opened today to a mix of general curiosity and incredulity. How can a store function without cashiers? How do you pay, and how does the business know who’s buying what? Amazon has done a sound job … Read more
Earlier today, on January 21, the cryptocurrency market has experienced a minor correction as nearly all of the cryptocurrencies including Ripple and Cardano in the market declined in value. Minor Correction While major cryptocurrencies including bitcoin and Ethereum dropped by a relatively small margin, Ripple and Cardano dropped by around 10 percent. Since a major … Read more