Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period. According to local news reports, Xu has been released and isn’t pleased. OKEx Founder Strikes Back “I have no fictional facts,
Month: September 2018
Binance, the world’s largest crypto exchange by volume, is teaming up with the Malta Stock Exchange (MSX) to enable security token trading on the “blockchain island,” a local news site reported Tuesday. The exchange’s chief financial officer, Wei Zhou, signed a memorandum of understanding with MSX chairman Joe Portelli to launch a security token trading
Bitcoin (BTC) could witness a minor corrective if the persistent defense of key support leads to a break above the resistance at $6,400, technical charts indicate. The leading cryptocurrency suffered a downside break of the symmetrical triangle in the early US session yesterday, signaling a revival of the sell-off from the recent highs above $7,400.
U.S. officials are reportedly seeking a round of high-level talks with China before the next series of tariffs are imposed, but strategists were skeptical the proposed talks will do much to ratchet down trade tensions before the November election. “I think they are genuinely concerned about financial markets reaction of going for tariffs on $200
The Presidential Suite’s private swimming pool.Hotel Bel-Air The legendary Hotel Bel-Air, beloved by generations of Hollywood stars, is offering some of its most famous suites for lease at monthly rates starting this week. The most prestigious, the Presidential Suite, is listed at $300,000 a month with real estate agents James Harris and David Parnes, stars
A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 18 percent lower compared with the same week one year ago. Refinance volume, which is highly rate-sensitive, fell 6
J.P. Morgan Chase pledged $500 million for a new program to boost economic growth in cities around the world. The bank, led by CEO Jamie Dimon, is basing the effort on what it learned from previous investment projects it led in Detroit, Chicago and Washington, D.C., according to a press release. The scope of the
The subsidiary of the Malta Stock Exchange, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance. The pair will launch a new Security Tokens Trading Platform. According to a press release from today, the new trading platform will benefit from the two bodies in two ways: From the Malta Stock Exchange’s “26-year track record of operating
The total market capitalization for all cryptocurrencies fell to its lowest point in over 10 months on Saturday. The development followed a particularly bearish week for the broader cryptocurrency market. Bitcoin (BTC), the world’s largest cryptocurrency dropped over $1000 on Sept 5. and Ether (ETH), the world’s second largest cryptocurrency, fell to its lowest level
Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA). Bitcoin Mutual Fund Block’s FBC Bitcoin
Bitcoin (BTC) is being squeezed in a tight trading range, signaling a tug of war between the bulls and the bears, and the breakout will likely set the tone for the next move in the cryptocurrency. At press time, BTC is changing hands at $6,320 on Bitfinex, representing a 0.5 percent gain on a 24-hour
Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and
ATLANTIC OCEAN – SEPTEMBER 10: In this NASA handout image taken by Astronaut Ricky Arnold, Hurricane Florence gains strength in the Atlantic Ocean as it moves west, seen from the International Space Station on September 10, 2018. Weather predictions say the storm will likely hit the U.S. East Coast as early as Thursday, September 13
When the banks began to fail in 2008, executives turned to Warren Buffett in a plea for last-minute funding. He later called the events that followed an “economic Pearl Harbor.” Watch the video above for an in-depth discussion between CNBC’s Andrew Ross Sorkin and the Oracle of Omaha as he reflects on the week that
Investors should buy CBS on the dip, because it is a very attractive acquisition target for companies outside of the television industry, B. Riley FBR managing director and analyst Barton Crockett told CNBC on Monday. “CBS is a huge brand; it’s the most watched network on TV. They also have Showtime, which is big and
The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens. The for-profit subsidiary of the Stellar Foundation, Lightyear, purchased Chain for around $40 million. As part of the all-cash deal, all of Chain’s existing investors, such as Citi Ventures, Visa,
Nasdaq might be on the cusp of giving institutional investors an analytical edge on trading hundreds of crypto assets. According to a person familiar with the company’s plans, the U.S. stock exchange is preparing to add tools for predicting the price movements of crypto assets to its Analytics Hub. The hub, launched last year, draws
Bitcoin’s (BTC) recovery from 25-day lows seen over the weekend has done little to alleviate the near-term bearish bias, technical studies indicate. The leading cryptocurrency fell to $6,119 on Bitfinex on Saturday – the lowest level since Aug. 14 – bolstering the bearish setup established by a sudden $1,000 drop witnessed during a 24-hour period
Ten years after the Lehman Brothers bankruptcy and the height of the financial crisis, the stock market is a very different creature. The crisis profoundly affected stock trading, hurting some trading businesses while dramatically helping others. It accelerated some trends and stopped others in their tracks. Here’s a few ways that trading has changed: The
Check out the companies making headlines after the bell: Sonos stock plunged more than 13 percent in after-hours trading after reporting third-quarter earnings, the company’s first quarterly earnings report since its initial public offering in August. The smart speaker company reported $208 million in revenue, meeting analysts’ expectations. Sonos also reported a loss of 45
For much of its existence, home technology association CEDIA members focused on big screens and booming speakers. Those still abound, as was evident at the annual expo’s show floor last week, but the realms of technology are expanding far beyond home theater into the home’s true hub: “Most consumers use technology in their kitchens (reading/sending
Each new Starbucks boosts the value of housing prices in a neighborhood. And not by an insignificant amount. This data point is revealed in a broader study on gentrification by the Harvard Business School that relied on information from Yelp, the online restaurant review platform, and the United States Census. A new Starbucks introduced into
Blackstone is predicting a market surge that could take out its S&P 500 year-end target earlier than expected. According to the firm’s investment strategist Joseph Zidle on CNBC’s “Futures Now,” there’s a high probability the index will break through 3000 within the next couple of months. “What we have left for the rest of the
For many, the first step into the world of cryptocurrencies is by way of an exchange, which is essentially a marketplace that allows users to both buy and sell various cryptocurrencies. In many ways, it’s similar to the process of buying and selling stocks via a stock exchange, but it differs in one fundamental way. There is
New to crypto trading? Read CoinDesk’s full set of guides. If simple moving averages are your game as a crypto-trader, it’s time to take it to the next level for this week’s Crypto 101 guide. Last time, we discussed simple moving averages (SMAs), and in this segment, we will look at a strategy utilized by
August’s surprise jump in wages could be a sign of more wage growth ahead — good news for workers and a green light for the Fed when it comes to interest rates hikes. The workforce expanded by 201,000 in August, 10,000 more than expected, but the big surprise was in the 0.4 percent increase in
The silos of Silo RidgeDiscovery Land Company When it comes to private real estate communities that combine stunning natural beauty, sophisticated homes and the over-the top amenities you’ll find at the Yellowstone Club’s private ski resort in Montana, or the exquisite oceanfront community at Baker’s Bay in the Bahamas, it’s pretty hard to top the
Homebuyers and homeowners don’t have much incentive to call a mortgage lender right now. Mortgage interest rates are stuck near recent highs and are beginning to rise again, further weakening home affordability. Those factors left mortgage application volume basically unchanged last week, falling 0.1 percent compared with the previous week, according to the Mortgage Bankers
If you are looking to to pull cash from your 401(k) plan or traditional IRA without getting hit with a penalty, the IRS will allow you to do it. Generally, taking an early withdrawal from a qualified retirement account — that is, cashing out either of those accounts before age 59½ — results in a
Fintech startup Robinhood offers stock, option, and cryptocurrency trades with zero fees. In an ambitious task, it will soon launch an Initial Public Offering, or in other words a Robinhood IPO. In light of this, the company is on the hunt for a chief financial officer (CFO) as it takes steps to go public. Robinhood IPO
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