The US federal authorities are strict against ICOs, or initial coin offerings. Projects are being shut down before they can even get started and this is now happening at State level. Colorado ICOs Shut Down Four more ICOs in Colorado were put on notice on Tuesday. This brings the total number of ICOs stopped by
Month: November 2018
In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end
Meet LiteLink Technologies (CSE:LLT), Creator of the Most Comprehensive Logistics Solution The Sector Desperately Needs Hidden beneath the booming retail economy that’s seen e-commerce sales double over the last five years is what some call the lifeblood of the economy—LOGISTICS. Shipping products to customers, while tracking the shipments, monitoring inventories, and minimizing losses and disruptions
Property prices are being driven through the roof by foreign investors looking to launder money undetected.Getty Following a sudden increase in transactions from offshore companies back in 2015, the National Crime Agency warned that foreign criminals were using the UK property market to launder their dirty money. But three years on, we still have good
Japan has an increasing number of vacant homes — a problem that’s set to persist because of an aging and shrinking population that has left many towns and villages empty. “Japan faces significant economic and social impact effects from demographic (aging) over the next three decades,” Rajiv Biswas, Asia-Pacific chief economist at IHS Markit, wrote
Amid volatility in the stock market, the default advice is often to do nothing. However, as the longest bull market in history possibly wanes — with this week erasing 2018’s gains — it can be helpful to turn your attention to your own timeline. “If you have 40 years left to invest, a bear market
Investing in bitcoin is not for the faint of heart, but over any given two-year period holders of the world’s biggest cryptocurrency have been rewarded, CryptoOracle partner Lou Kerner told CNBC on Wednesday. Kerner, whose venture capital firm supports what it calls the “decentralized digital economy,” has a much longer investment horizon. For example, he
Increased market volatility this year has mostly prompted financial experts to repeat one piece of advice: Stay the course. But as markets are poised for a continued bumpy ride, investors would be wise to keep another tip in mind: Diversify. “Diversification works when you need it the most,” said Chris Hyzy, chief investment officer for
Gold, the classic bear-market investment, has been ignored by investors this year, and for good reason: Gold prices have gone in the wrong direction, losing about $100 in the price per ounce since January, leading gold exchange-traded funds to year-to-date losses near-5 percent. But as more investors fear that the end of the bull market
Scandal-plagued Goldman Sachs has sunk deep into a bear market. Losses accelerated this month following allegations of financial misdeeds regarding the Malaysian government investment fund 1MDB. Regulatory uncertainty surrounding the scandal prompted Morgan Stanley to downgrade its rating to equal weight. Its stock has dropped 14 percent in November, putting it on track for its
Apple is snapping. The stock, once a safe haven from market turmoil, is more than 20 percent below all-time highs and clinging to modest year-to-date gains. The stock has shed more than a $100 billion of its historic $1 trillion market valuation. It’s on pace for its eighth straight week of declines and its worst
A collection of hedge funds’ favorite stock picks — including Facebook, Alibaba and Amazon — are underperforming the broader equity market badly in the second half of 2018. After beating the market in the first half of the year, a basket of the most popular long positions at 823 hedge funds has lagged the S&P
October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry. Hedge funds lost 2.35 percent on average in October, according to Preqin’s index, while investors withdrew $4.6 billion of hedge fund capital in the third quarter of this year. The hedge fund industry’s
Retail stocks jumped on Wednesday after posting eight straight days of losses, the group’s longest losing streak on record. Now, one strategist is calling for bigger gains to come. The XRT, a popular exchange-traded fund that tracks retail stocks, has plunged 14 percent in the last three months, with some of its holdings, such as
Stocks tried to rebound ahead of Thanksgiving, but strategists warn Wednesday’s failed effort to bounce could signal another wave of selling. “I think it’s a fake out, rather than a break out,” said Samuel Stovall, chief investment strategist at CFRA. Stovall said as of Tuesday’s close, the market is seeing its third worst start to
As Bitcoin continues to slide past the $4,500 mark, bullish investors need something to hold onto. Bakkt is trying to give it to them. Intercontinental Exchange, the owner of the NYSE, is fighting the good fight with a plan to make cryptocurrencies mainstream. Bakkt is its plan. The new platform offers regulated trading, clearing and custody,
Tom Lee, the long-standing Wall Street crypto bull, is sticking to his $15,000 year-end price prediction for Bitcoin (BTC). The Fundstrat Global Advisor voiced his prediction on CNBC’s ‘Squawk Box’ yesterday. Tom Lee and Bitcoin (BTC) Bitcoin just recently fell to its lowest levels in more than a year yesterday, but Lee remains convinced. Originally, Lee
As Wall Street raises the stakes around cryptocurrency, large institutional players are circling this new asset class and bringing with them their own set of requirements. For example, there’s a need for qualified custodians to hold the assets these big-money investors will trade, as in the traditional, regulated financial realm. But a less-discussed yet critical
The pace of bitcoin’s ongoing sell-off is setting new records with every passing day, the latest being its test of a key long-term moving average for the first time in three years. Indeed, the world’s most valuable cryptocurrency network fell below its 200-week exponential moving average (EMA) of $4,180 yesterday, marking the first break of
The season of spending is officially upon us. According to a report from Mastercard SpedingPulse, retail sales are predicted to hit their highest rate and that E-commerce sales will be up 104%, compared to five years ago. Part of the reason for this increase is that it’s one of the best times of the year to
With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on their mortgages. Total mortgage application volume moved 0.1 percent lower last week from the previous
If you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act placed steep limits on itemized deductions, including lesser-known breaks for the fees you pay your tax preparer and unreimbursed employee business expenses. The
2 Hours Ago To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. How much house can you afford based on your salary? Real estate expert and Shark Tank host, Barbara Corcoran, has a
Bitcoin (BTC) could be in for a stronger recovery rally in the next few days, having found a temporary bottom near $4,000. The leading cryptocurrency, which hit a 14-month low of $4,048 on Bitstamp yesterday, is now trading at $4,580, representing a 2 percent gain on a 24-hour basis. The $500 recovery seen yesterday indicates
There is a greater chance of the Federal Reserve making a mistake these days, noted economist Mohamed El-Erian told CNBC on Tuesday. “There’s no doubt in my mind we are more vulnerable,” to a “policy mistake” by the Federal Reserve and a “market accident,” the chief economic advisor at Allianz said on “Closing Bell.” “That’s
Federal Reserve Chair Jerome Powell is now equipped to pause the central bank’s interest rate hike agenda after December thanks to this debilitating sell-off, CNBC’s Jim Cramer said Tuesday. “Today’s sell-off gives Fed Chief Jay Powell the cover he needs to raise interest rates one more time next month and then put the next few
Extreme volatility in the energy market could be one of the less obvious causes of the stock market’s broad-based sell-off, and there could be more pain to come, CNBC’s Jim Cramer warned Tuesday as the Dow Jones Industrial Average erased its gains for the year. “You can’t understand this breakdown in the stock market unless
Siri may not be living out its full potential under Apple’s wing, but voice-enabled assistants are nevertheless the future of digital technology, Siri’s co-founder and former CEO Dag Kittlaus told CNBC on Tuesday. Since Apple acquired Siri in 2010, “on the positive side, it’s a lot faster, the speech recognition’s gotten a lot better, but
Five Below Inc.: “We almost pulled the trigger and told the ActionAlertsPlus.com club that it was the right level to buy. I mean, this thing’s all the way down to $103. It is incredibly oversold. I like it here, just like I like some of the techs. I like that one.” Splunk Inc.: “This is
Two faulty narratives are behind the massive breakdowns in the technology sector, CNBC’s Jim Cramer said Tuesday after reports surfaced that the FAANG stocks had lost more than $1 trillion in value. “The real culprits, the one-two punch that knocked tech down on the canvas,” were a narrative that the data center — the heart
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