Original Link | Daily Reckoning by ZACH SCHEIDT “Thanks a lot for your advice on bitcoin. Have you invested anything in cryptocurrencies?” The text was from an old friend Natalie. And she was ticked off. Just a few weeks ago, Natalie reached out to me and asked for my thoughts on bitcoin. Without giving her any personalized … Read more
Original Link | RockwellTrading by Markus Heitkoetter Stocks opened flat, then rallied later morning. But after a strong morning, stocks moved sideways mid-day and sold-off into the close. With earnings season essentially over, and the tax reform bill pushed through, traders are asking “what’s next?” And with weakness over the last 2 days, traders are … Read more
Source: cnbc.com U.S. stocks traded sharply higher on Monday as investor sentiment was boosted the Senate narrowly passing a major tax bill over the weekend. The Dow Jones industrial average rose 230 points, with Boeing and Walt Disney leading advancers on the 30-stock index. The Dow also hit a record high and briefly traded more … Read more
Source: cnbc.com A digital currency has added more than $3 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a “data marketplace.” Called IOTA, the cryptocurrency saw a spike on Sunday evening, rallying just over 70 percent … Read more
Original link: arstechnica.com by Timothy B. Lee Bitcoin’s price hit a new record this week, soaring above $11,000 on Wednesday morning. The price has been a roller coaster since then, with the price briefly dropping to $9,000 later on Wednesday before regaining much of its lost value in recent days. The currency’s astonishing gains—it was … Read more
Original Link | RockwellTrading by Markus Heitkoetter Stocks were on fire again today, with traders expecting the GOP’s tax reform bill to pass soon. Futures were up all morning and the S&P and DOW rocketed higher around noon. The DOW was up as much as 370 points at the highs of the session, finishing with a new record … Read more
Crypto Millionaire Emergency Briefing – Register Here U.S. markets returned to record highs following some solid economic numbers and additional support on the Senate tax reform bill. The Dow reached an all-time high of 24,327 after zooming 1.4% while the S&P 500 tapped a lifetime peak of 2,657 after rising 0.8%. Both indexes extending their … Read more
At a time when regulations, glitches, price swings, forks, hacks, and fraud can’t seem to keep the cryptocurrency-mania down, there’s a new hurdle for it to overcome: the taxman. Coinbase is one the largest cryptocurrency exchanges in the world and its backing by high profile investors like Union Square Ventures and Andreessen Horowitz has given … Read more
Original Link | StreetAuthority by Joseph Hogue Consumer and corporate borrowing has rebounded this year, and the economy looks to book its third consecutive quarter over 3% growth for the final three months of the year. That would have shares of financial institutions booming were it not for two factors working against the industry. Shares … Read more
Bitcoin has gained, and plunged, well over $1,000 in less than 24 hours. The digital currency dropped more than 18 percent from a record high of $11,388.33 to $9,290.30 on Wednesday, according to CoinDesk. Bitcoin then attempted to recover the $10,000 level in the late afternoon and was last trading around $9,795. Trading was extremely … Read more