Mass media and data giant Thomson Reuters is expanding its cryptocurrency sentiment data toolkit to cover 100 different coins, the company announced Wednesday. Initially launched back in March, the bitcoin data feed was created in partnership with MarketPsych Data LLC. The Thomson Reuters MarketPsych Indices Cryptocurrency Sentiment (TRMI 3.1) package monitors more than 2,000 global
Month: June 2018
The price of litecoin (LTC), the world’s sixth largest cryptocurrency by market capitalization, fell to a fresh 2018 low on Wednesday. Data from Bitfinex shows the cryptocurrency slipped to $97.04 today – the lowest level since Dec. 8 in 2017, reflecting a 74 percent decline since its all-time-high at $379 seen on Dec. 19. Further,
The financial industry has witnessed many disruptions and welcomed new technologies that have radically changed traditional processes. In today’s world of cryptocurrency and digital transactions, a new type of technology is steadily taking over – the blockchain technology. Blockchain has caused many disruptions, but what are the top blockchain disruptions? Blockchain technology is causing financial
Surprise? That might sum up the reaction among some members of the crypto community Tuesday when U.S.-based exchange startup Coinbase suddenly announced its plans to list ethereum classic (ETC). Ranking just inside the top 20 cryptocurrencies, ETC traces its origins to 2016 and the collapse of the DAO, an ethereum-based funding vehicle that fell apart
The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday. Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since
Want to better understand what may happen in the United States economy as President Trump pursues his combative trade policies? Look no further than the lumber that goes into many houses in the United States. Long before the sharp clash with Canada at the Group of 7 meeting this weekend, the Trump administration imposed tariffs
Ethereum (ETH) – We’ve all seen it, the pinned posts from most cryptocurrency leaders on Twitter stating that they “are not giving away or accepting digital assets.” Mostly, it revolves around the world’s second largest cryptocurrency Ethereum [ETH], but it has made its way to other digital tokens as well. As a public announcement, I
An Ontology CarBlock partnership is forming, as Ontology decides to dip its toe into the automotive industry and join forces with the transportation blockchain CarBlock. Ontology CarBlock Partnership CarBlock is, according to its website, the first blockchain-based transportation solution that will eventually lead to easier handling of auto insurance, maintenance, dealerships, and automotive reports. According
Millennials are going all-in when it comes to using exchange-traded funds in their investment portfolios. In fact, almost everyone — 96 percent — who responded to a recent Charles Schwab survey said they considered the passive index-tracking securities “a necessary part” of their investment strategy, and 91 percent said ETFs are their “investment vehicle of
RH shares skyrocketed on Tuesday after the luxury home goods retailer reported first-quarter earnings well-above estimates and raised its forecast for the year. Shares rose more than 28 percent, putting it on pace for its best day since Nov. 16, 2017. RH was formerly known as Restoration Hardware and has recently shifted its brand to
Global fund managers poured money into U.S. equities, overweighting American stocks in June for the first time in 15 months, on a robust profit outlook. Sixty-four percent of the fund managers surveyed this month by Bank of America Merrill Lynch said the U.S. has the most favorable profit outlook, now at a 17-year high. That
A top Wall Street firm is getting more optimistic on Twitter’s prospects. J.P. Morgan raised its price target to $50 from $39 for the social media company’s shares, citing improving conversations with advertisers. “We are raising our estimates on TWTR shares as we believe advertising momentum is strengthening, particularly among large marketers,” analyst Doug Anmuth
J.P. Morgan added Weight Watchers to the firm’s list of “overweight” stocks, saying the weight loss company is poised for “outsized” growth as it looks to add more big-name celebrities through its partnership with Oprah Winfrey. “Management stabilized the trajectory … by revamping its points program, significantly improving the mobile platform, and recruiting pivotal social
Shares of Urban Outfitters rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business. The owner of Anthropologie and Free People clothing chains said same-store sales so far in the second quarter had climbed to the mid-teens percentage
Shares of Sage Therapeutics climbed 15 percent Tuesday after the company said the Food and Drug Administration has cleared it to expedite development of its drug to treat major depressive disorder and postpartum depression. Sage said its ongoing trial in women with postpartum depression will now be designated a pivotal trial, which allows the data,
President Donald Trump‘s agreement with North Korean leader Kim Jong Un allows the market to focus on more pressing issues such as the Federal Reserve‘s policy meeting, economist Mohamed El-Erian told CNBC on Tuesday. “Look for markets to say, ‘Great, that’s a first, good constructive step with what happened in Singapore,'” Allianz’s chief economic advisor
Paul Tudor Jones said Tuesday that a new exchange-traded fund about investing based on social impact could one day rival the benchmark U.S. stock index. “I think it’s going to be a really big ETF down the road. I think it’s going to rival the S&P and the Nasdaq because I think it has both
Check out the companies making headlines before the bell: AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the
Bitcoin (BTC) is looking to regain poise after its drop to two-month lows on Sunday, but the recovery will likely be short-lived, the technical charts indicate. At press time, BTC is changing hands at $6,825 on Bitfinex – up 3 percent from the two-month low of $6,619. The recovery could be associated with extreme oversold
The price of ethereum classic, the cryptocurrency that was forked off the ethereum blockchain in July 2016, surged by 25 percent on Tuesday, following the news that it is being added to Coinbase’s trading options. The U.S. cryptocurrency exchange announced on Tuesday morning in a blog post that it is has started the engineering work
Visit any EOS Telegram channel and some version of this question will pop up again and again: Is the mainnet live yet? While the EOS blockchain technically launched on June 10 at 13:00 UTC, the answer to that question is effectively no. That’s because the crypto tokens created by Block.one’s $4 billion EOS initial coin
The advent of blockchain technology has brought with it some novel advancements, with one of them being the emergence of initial coin offerings (ICOs). This innovative mechanism for capital-financing has powerful consequences, for one, ICOs are challenging the commonly held view that investing in promising early stage start-ups is a right reserved exclusively for VC
Crypto-Friendly Countries in Europe: In recent months the crypto sector has seen numerous countries implement regulations and ban virtual currencies and ICOs. Despite this, the sector continues to grow and gain support. So, if the world is going to divide when it comes to cryptocurrency, which is what appears to be happening, it’s important that
Interest rates are going up. The Federal Reserve hiked rates once already this year in March. And at its meeting this Tuesday and Wednesday, the Fed is likely to raise the federal funds rate again. Many experts predict there will be a third rate hike before the end of the year. Sure, the increases mean
Bitpanda adds IOTA: All incidences of hacking are unfortunate, but some more so than others. On the weekend of June 9th, Coinrail, a South Korean crypto exchange, was hacked. The Coinrail hack was so severe that all of the top 10 coins on the market are plunging today. Some coins are down because of it,
Cisco shares will thrive due to its pivot to a more recurring revenue business model, according to one top Wall Street firm. J.P. Morgan reiterated its overweight rating for Cisco’s stock, predicting the company’s recently announced mandatory subscription offering for networking switches will boost its profits. The firm has a “favorable outlook for Cisco’s positioning
Pick your potential stock market mover this week. The Trump–Kim summit could forge diplomatic ties between the U.S. and North Korea, meetings from the Fed and ECB will dictate changes in global monetary policy, and a decision on the Time Warner–AT&T deal sets precedent for any future M&A activity in media. There are a few
Activist investor Paul Singer’s Elliott Management on Monday revealed its latest target in the power and utilities space: Sempra Energy. If that pairing sounds familiar, it should. Last August, Singer played a pivotal role in Sempra’s purchase of Oncor, in the process, spoiling Warren Buffett‘s bid for the Texas utility. By threatening to launch a
Companies with healthy balance sheets like Home Depot and Nvidia are investors’ best bet as the rest of corporate America loads on debt to unsafe levels even as the Federal Reserve continues hike rates, according to Goldman Sachs. “Strong balance sheet stocks have historically outperformed weak balance sheet stocks during environments of rising leverage,” wrote
Nomura Instinet is less bullish on further stock gains for Intel after talking to the chipmaker’s CEO, Brian Krzanich. The firm noted how the Intel executive did not limit the level of potential market shares losses to its competitor AMD. “We came away from a meeting with CEO Brian Krzanich last week believing that the