Against expectations, bitcoin (BTC) defended support at $6,000 over the weekend, opening the doors for a stronger corrective rally above $6,480. Friday’s drop below $6,240 (bear flag breakdown) had created room for a drop to the June low of $5,755. Further, BTC closed below Thursday’s low of $6,183 on Friday, signaling a continuation of the
Month: August 2018
It’s a familiar scenario. You forget a password to a website or log in from a new computer, and get locked out of your account. The website or your bank sends a text to confirm it’s you. Most of the time it is. But the person receiving that text could be a hacker. Criminals are
A townhouse at 116 Sullivan St. in SoHo, formerly rented by George and Amal Clooney, is now on the market for $15.995 million.StreetEasy For those who want to live like the stars, several celebrity properties hit the New York City market this week. A townhouse at 116 Sullivan St. in SoHo, for example, which was
As a revitalized US dollar hits the highest level in more than a year, it is not simply emerging markets that are grappling with the fallout. A booming Hong Kong property market is at risk. The Hong Kong Monetary Authority was forced to intervene and buy the local currency this week for the first time
Bitcoin has been on a roller coaster ride in its price, its value reached as high as $20,000 in late 2017 to as low as $6,000 within a time frame of just six months. The highly volatile nature of Bitcoin is certainly a blotch on its reputation and certainly this could be why Goldman Sachs’
Shares of Tesla tumbled 6 percent in early trading Friday after a New York Times feature outlined some serious struggles for CEO Elon Musk. The electric carmaker’s stock is down 10 percent over the last year and has been especially pummeled in the last week. Shares are down more than 12 percent since Musk tweeted
At a time when it’s hard to find a correlation between cryptocurrencies and just about any other asset class, it may come as a surprise that a fairly public stock would be tracking bitcoin. However, that’s exactly what appears to be the case with the share price of Overstock.com (OSTK) and the BTC/USD exchange rate.
For bitcoin (BTC), the path of least resistance is to the upside, according to technical charts. At press time, the leading cryptocurrency is changing hands at $6,430 on Bitfinex – up 9 percent from the Aug. 14 low of $5,859. However, BTC has failed thrice in the last 72 hours to hold on to gains above
China’s stock market is in terrible shape, but it may not reflect the state of the Chinese economy. National Economic Council director Larry Kudlow raised eyebrows Thursday when he said in a Cabinet meeting with President Donald Trump that China’s economy “looks terrible.” But does it really? Most estimates for China’s 2018 economic growth remain
Investors pulled money from both stock and bond funds in the past week, and shifted money within U.S. equities to health care and out of tech and financials. According to Bank of America Merrill Lynch, investors pulled $3.6 billion out of equities mutual funds and ETfs, with $2.6 billion out of U.S. stocks. But as
Share to facebook Share to twitter Share to linkedin Rust Belt metro areas Pittsburgh and Cleveland lead the nation in home affordability while San Jose, San Francisco and San Diego are the most expensive, according to a new report. Shutterstock When it comes to home affordability, the rust belt shines. On the other side of
After several years of rich home price gains, the market appears to have found a limit to what people can afford. Sellers are finally responding by increasingly lowering prices. Approximately 14 percent of all listings in June had seen a price cut, that’s up from a recent low of 11.7 percent at the end of
The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system. And the new UEFA ticketing system uses blockchain technology. Get in! The UEFA Ticketing System UEFA successfully deployed its new blockchain ticketing system
Two days after Jim Cramer made bearish comments on Bitcoin, the BTC price has started to revive itself. A bullish reversal is not yet confirmed, as Bitcoin would have to break above key resistance for that to happen. However, the BTC price has moved back to above $6,000, which indicates a trend reversal could very well be
The strong GDP economic data for the June quarter is showing up in the real economy. Major U.S. companies including Walmart and Cisco are confirming the positive macro data by posting their best financial results in many years. The reports indicate broad-based strength in the domestic economy. Last month the government said second-quarter GDP grew
Ethereum classic (ETC) is reporting double-digit gains on the heels of an anticipated listing on the Coinbase exchange as of 17:00 PST (00:00 UTC) on Thursday. At time of writing, ETC is trading across exchanges at an average price of $14.04 – a 15.72 percent gain in the last 24 hours – and is currently the
Bitcoin is showing signs of life, but only a break above key resistance at $6,675 would confirm a bullish reversal, technical charts indicate. At press time, the leading cryptocurrency is changing hands at $6,470 on Bitfinex – up 10 percent from the 6.5-week low of $5,859 hit on Aug. 14. However, the break below the
The Economist Magazine does a particularly good job in reviewing global events on a country-by-country basis. A look at any issue in recent weeks reveals a world in turmoil. No region seems to be stable. The United States in comparison appears not only to be safe but also expanding economically. Its currency is solid and
HGTV purchased The Brady Bunch house for as much as $3 million, reports say.Anthony Barcelo Well, that didn’t take long. Nsyncer Lance Bass can kiss The Brady Bunch house “bye bye bye.” After intense bidding from entertainers (like Bass), corporations and developers, The Brady Bunch house in Los Angeles was quickly sold to HGTV, which
Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark pushed the Home Construction exchange-traded fund (ITB) into bear market territory, down more than 21 percent from its 52-week high notched in January. The moves
Coinbase, Inc., the largest cryptocurrency exchange in the US, was signing up 50,000 new customers a day last year, says CEO Brian Armstrong. Crypto ‘Bubble’ Armstrong spoke at Bloomberg’s Players Technology Summit in San Francisco on Tuesday. Cryptocurrency had a huge rise last year, more particularly towards the second half of the year, but most
Investors could call them chips passing in the night. While semiconductor stock AMD soars this year, jumping more than 60 percent in just three months, its peer Micron is badly underperforming. Micron shares are down around 4 percent in that period, placing the stock on track for its first negative quarter in more than two
The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time,
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low. At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24.
A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. In a 69-page complaint filed with the U.S. District Court in Los Angeles, the plaintiff Michael Terpin claimed that because of “AT&T’s willing cooperation with
A shortage of housing stock and a low affordability rate is sending Americans to spend on remodeling and repairing their homes. Just look at Home Depot’s results. (Photo by Michael Brochstein/SOPA Images/LightRocket via Getty Images) As home prices continue to tick up amid a housing stock shortage, Americans look to be doubling down on remodeling
U.S. fans of Guinness won’t have to travel to Dublin to indulge in a tour and tasting experience of one of the most recognizable brands in the beer industry. Makers of the beer toasted the opening of the $90 million Guinness Open Gate Brewery & Barrel House Aug. 3 near Baltimore, its first U.S. brewery
Cryptocurrency has become worldwide famous among the people. Many believe that investing in cryptocurrency will generate more revenue this year. Many people have internet access today, which is one of the reasons why investing in cryptocurrency is increasing day by day. Virtual Coins Virtual coins are known as a dispersing electronic form of currency that does
Square just announced that with its Square Cash app, all users are now able to buy Bitcoin in all 50 US states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL — Cash App (@CashApp) August 13, 2018 Square Ahead of the Competition Square was originally
J.P. Morgan shared with its clients the firm’s best current stock picks in the U.S. pharmaceuticals sector. “We continue to see an attractive fundamental set-up for the Major Pharma group with an upward bias to EPS estimates and with the group still inexpensive in our view, trading at a significant discount to the broader market,”
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