Malta-based OKEx, currently the second largest crypto exchange by 24-hour adjusted volume, has launched a new bitcoin derivative product with no expiry date, meaning that positions can be held indefinitely. Announced Tuesday, the product, dubbed a “perpetual swap,” allows crypto traders to speculate on the future value of OKEx’s bitcoin (BTC) to U.S. dollar (USD)
Month: December 2018
St. Barth skyline and harborGetty My annual visit to St. Barths for the holidays is one of the most exciting times of the year and especially now since the island has bounced back from the devastating Hurricane damage with numerous resorts open for action. There are almost 800 luxury villas available for rent on the island,
Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 17 percent lower than a year ago. Purchase volume drove the decline, falling
Despite Bitcoin’s intense price drop in recent months, some still believe it is going to turn it around next year. And there’s nothing to say it definitely won’t; in the last three days, Bitcoin has packed on 18% in gains. Sudden Gains The world’s largest cryptocurrency by market cap jumped from $3,181 to $3,776 in under
Bitcoin’s (BTC) price crossed key resistance yesterday, boosting the prospects of a stronger rally above $4,000. The leading cryptocurrency by market value broke out of a bearish descending pattern and closed above key resistance at $3,633 yesterday. That came after picking up a strong bid on the anniversary of its 2017 all-time price high on
Your employer will probably clear the cost of your client lunch appointment, but how about a designer watch? Apparently, at least one employer did bless the cost of just such a luxury timepiece ($8,000) — the purpose of the purchase was “customer appreciation,” according to client data from Certify, a travel and expense reporting app.
It’s official: This is an all-time record year for corporate stock buybacks. Announced buybacks for 2018 are now at $1.1 trillion. And companies are using their authorizations. About $800 billion of stock has already been bought back, leaving about $300 billion yet to be purchased. We’ve seen buyback announcements recently from Lowe’s, Pfizer, and Facebook,
The Federal Reserve is expected to raise interest rates by a quarter point Wednesday and also signal it will not be raising rates as much as it had previously forecast. Strategists say that may soothe volatile financial markets, but the Fed has a tough task in terms of explaining its actions in a way that
According to Bloomberg, cryptocurrency stablecoin Tether (USDT) has enough fiat dollars to back its tokens in circulation. No doubt, many readers will scorn that this is just another rumor as Tether is synonymous with controversy. What’s going on? Tether has Fiat Dollars The original stablecoin has faced a myriad of controversy since the middle of this
Crypto data startup Nomics just secured $3 million in funding from investors including Coinbase Ventures. The company announced Tuesday that the Series A investment will be used to flesh out its engineering team, as well as continue working to index 95 percent of all data pertaining to how crypto assets are traded. Led by Arthur
Apple Inc.’s plan to expand its presence in Austin, Texas, with a $1 billion new campus is a good and a bad thing, depending on who you talk to. Apple’s newest Austin campus will be located less than a mile from its existing facilities in the northwest part of the Texas capital. The 133-acre site
Each new housing data point is worse than the last, and they are prompting a leading industry analyst to say the market is in a correction. Single-family housing starts fell more than 13 percent year-over-year, according to the U.S. Census. Building permits, an indicator of future construction, were down nearly 2 percent. This followed a
As we wrap up 2018, crypto players are starting to publicly come out with their Bitcoin price forecasts for the new year. Some are bearish, using the fact that BTC was nearing $20 thousand this time last year. Others, however, continue to be bullish. Spencer Bogart of Bitcoin Capital is one of the latter. Spencer
Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However, BTC,
AB Bernstein downgraded technology stocks to “market weight” from “modest overweight,” citing potential headwinds including high valuations and trade tensions. In the meantime, some tech names with losses as much as 50 percent over the past six months have become very attractive, said a team of tech analysts at Bernstein, who recommend picking up cheap
Check out the companies making headlines after the bell: Oracle shares rose as much as 3.6 percent during after hours trading Monday as the company beat expectations on both earnings and revenue. The computer technology company earned 80 cents per share, while analysts expected 78 cents per share. It also beat revenue expectations of $9.52
This morning, the cryptocurrency market has received a boost and most major digital currencies are trading green! This time last year, Bitcoin (BTC) hit its all-time high, nearing $20,000. 2018 was quite different than 2017 in the cryptocurrency space. Today, we’ll take a closer look at EOS, Litecoin (LTC), and Cardano (ADA). EOS The fourth-largest
Coinbase users can begin trading cryptocurrencies directly with other cryptocurrencies, the exchange startup said Monday. The company is adding support for crypto-to-crypto trading for its retail customers, adding a feature that has long been available to professional cryptocurrency trading services, said product manager Anna Marie Clifton. Users on Coinbase.com, as well as the Android and
Kuldip Pabla says it’s a misconception that senior adults “do not like or want technology,” and that error alone has caused the development of technology for older adults to lag behind that of younger people. Pabla is the senior vice president of engineering for K4Connect, a technology company that creates smart solutions for older adults
Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined four points in December to 56. That
In 2017, the Bitcoin price shot up. The crypto boom was in its prime and BTC, in particular, saw a rise, especially in the second half of December. When this happened, there was a rush to buy the cryptocurrency; then there was a crash. One year later, the BTC price is nowhere near where it
Bitcoin (BTC) is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high. At press time, the world’s largest cryptocurrency by market capitalization was trading at $3,230 on Bitstamp – down 83.5 percent from the record high of $20,000 reached on Dec. 17, 2017. BTC
DoubleLine Capital CEO Jeffrey Gundlach took a shot at passive investment strategies such as index funds on Monday, declaring the investing strategy a “mania” that is causing widespread problems in global stock markets. “I’m not at all a fan of passive investing. In fact, I think passive investing … has reached mania status as we
Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, participating in the CNBC/Moody’s Analytics GDP rapid update raised their forecast by 0.2 percentage points following the stronger-than-expected November retail sales report. Excluding automobiles, gasoline, building materials and food, retail sales
South Korean app provider, Kakao, has helped to raise over $15 million in cryptocurrency for Orbs, a hybrid blockchain platform. Orbs Blockchain Raises $15 Million Kakao joined the fundraising venture through its investment arm because it “always seeks to invest and support innovative startups and Orbs is a good example.” It also builds on the
Investing in financial markets can be an emotional roller-coaster and the bitcoin market is no exception. When it comes to investment, human emotions tend to oscillate between two extremes – fear and greed – and the constant balancing act between the two creates a cycle of market emotions. For years, traders and investors alike
What we want in our homes has not changed much over time: comfort, ease and beauty.Michael MacNamara When he put on new roof on a house built in 1926 on Los Angeles’ Mulholland Drive, contractor Justin Krzyston went all the way to France for roof tiles. Not because French roof tiles are necessarily better, but
People of color struggle more than their white neighbors to repay their car loans. In St. Joseph, Indiana, for example, 27 percent of people in predominantly nonwhite ZIP codes are delinquent on their auto debt, compared with just 3 percent in predominantly white ZIP codes. A new map by the Urban Institute traces auto delinquency
To all those who make the big decision to retire abroad, Cynthia and Edd Staton say, “Congratulations!” In 2009, a look at their battered retirement accounts made the Statons think hard about what their retirement might look like. They could stay in the U.S. where they’d lived all their lives, or they could find a
The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a level that is as much as 3 percent below current levels. The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and the October low of 2,603. The
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