The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and
Month: February 2019
The total volume of all cryptocurrency trading as tracked by market metrics leader Coinmarketcap hit a 300-day high Tuesday, reaching $33.85 billion, the most observed in 10 months. As such, the data point is the latest to suggest that trading activity in the cryptocurrency markets is increasing – Coinmarketcap tracks the aggregate trading volume of 2,074 cryptocurrencies, including
Investor Sentiment photo credit: GettyGetty MetaProp, the leading early-stage PropTech accelerator and advisory firm, just released the results of its latest Global PropTech Confidence Index. MetaProp produces the Index twice a year in partnership with the Real Estate Board of New York (REBNY) and The Royal Institution of Chartered Surveyors (RICS). The Global PropTech Confidence Index is
SoftBank’s Vision Fund has poured billions of dollars into real estate technology, from its massive stake in co-working space provider WeWork to the hundreds of millions of dollars in online platforms Opendoor and Compass. The Vision Fund’s latest big bet is in another corner of the real estate market: storage. SoftBank said Wednesday it led
View Bitcoin witnessed an inverse head-and-shoulders breakout on Monday and rose to $4,000 yesterday, confirming a bullish reversal on the daily chart. The trend change is backed by a jump in trading volumes to levels last seen in May 2018. The rally, therefore, looks to have legs and December highs above $4,200 could come into
[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] Direxion strategist Sylvia Jablonski joins host Bob Pisani and panelists Todd Rosenbluth and Kim Arthur to discuss the corner of the ETF market that could provide triple-digit returns this year.
The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. So, why are so many people cautious about the markets? You wouldn’t be cautious looking at the details. Breadth as measured by the advance/decline line has been improving almost every day since the Dec. 24
Check out the companies making headlines midday Tuesday: Walmart — Walmart shares gained more than 3 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter. U.S. comparable store sales rose 4.2 percent, beating the Refinitiv consensus of 3.2 percent. Walmart’s e-commerce sales also surged 43 percent as more shoppers use its
According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year. If this were to be the case, digital coins would most likely rally significantly. Crypto Institutional Investment In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs
Cryptocurrency market maker Cumberland is modernizing the way it handles over-the-counter (OTC) trades with counterparties. Announced Tuesday, the unit of financial trading giant DRW has unveiled a so-called single-dealer platform called Marea, allowing institutional investors to interact with Cumberland through a screen-based interface, rather than negotiating trades by phone or Skype. As such, the new portal brings
GettyGetty On paper, your tenant looks great: They have an excellent rental history and sparkling recommendations. Unfortunately, they disclose to you upfront (or admit when they fill out the paperwork) that they have bad credit. Should you shy away from this tenant? You may have struggled to get your property rented out, or you may
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores. The retailer, founded in 1956 in Topeka, Kansas, expects all stores to remain open until at least the end of March and the majority until May. That will keep many of its stores open through the
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low during Tuesday’s trading session, data from the popular cryptocurrency trading platform Bitfinex reveals. At 13:00 UTC today, the total funding in BTC shorts, or positions that would profit from a decline in the price of the underlying bitcoin
Walmart analysts are staying bullish after the company reported strong earnings before the bell. The retail giant said its ecommerce sales surged a whopping 43 percent while same store sales grew 4.2 percent over the holidays compared to last year. Many analysts say this is Walmart‘s strongest overall report in years despite last week’s steep
Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates. However, PepsiCo also forecast an unexpected drop in full-year profit, due to a stronger dollar and increased investments. Deere – The heavy equipment maker
The first digital currency created by a major US bank is finally here! This morning, CNBC was first to report that JPMorgan Chase has officially launched its own cryptocurrency. The first JPM Coin trial is set to launch in just a few months. JPM Coin Makes Trial Debut JPMorgan Chase moves more than $6 trillion around
View Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday. The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks
A photographer captures the sunrise behind the New York City skyline from across the Hudson River in Jersey City, N.J., Tuesday, Feb. 5, 2019. (AP Photo/J. David Ake)ASSOCIATED PRESS In 1894, some ten years before automobiles mainstreamed horizontal transportation, the Otis Elevator Company installed the world’s first push-button elevator. Arguably this small vehicle did more
New York is missing out on billions of dollars in investments now that Amazon has canceled plans to add corporate offices in the borough of Queens, Rep. Gregory Meeks, D-N.Y., told CNBC on Thursday. “I think it’s a sad day for New York,” the congressman said on “Closing Bell.” “This was a long-term investment in
Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last
If you’ve stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are
The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings. However, the bond market is a different story. There, investors still perceive uncertainty, and even a possible recession lurking. “One of these markets is going to be wrong, and it’s hard
Ripple’s CEO, Brad Garlinghouse, has finally responded to JPMorgan’s recent announcement of its new JPM Coin. Is Ripple feeling the pressure or just annoyed with a bank adopting a similar system? Let’s find out. As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network
The clock just started on the latest effort to launch a bitcoin exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) announced it was beginning its review of a bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management on Feb. 11, and the proposal itself was published in the Federal Register
. Photographer: Qilai Shen/Bloomberg© 2016 Bloomberg Finance LP China’s top long-term problem isn’t the trade war that dominates the social media recently. It’s a home bubble—the soaring home prices that makes landlords rich, while it shatters young people’s dreams of forming a family. Average prices of new homes in 70 Chinese cities climbed by 9.7% on an annual
20 Hours Ago Ryan Serhant, real estate agent and managing director at NestSeekers International, started his career in Long Island City. He is well known as one of the real estate agents on Bravo’s “Million Dollar Listings New York.” Watch what he has to say about the Amazon HQ2 situation and how his clients are
Calling precise market tops and bottoms is next to impossible in the volatile cryptocurrency markets. That said, some traders believe identifying speculative bubbles and moments of bearish exhaustion can be made possible through the use of a fairly new metric known as the Mayer Multiple. Created by noted investor and podcast host Trace Mayer, the Mayer
Google unveiled an ambitious plan eight years ago to build a wind energy project in the Atlantic Ocean running all the way from New York to Virginia. That massive “underwater spine” has been slow to progress, but Google is moving ahead with its first water-based renewable energy project — it is just a little smaller
The Fed calmed the markets in late January when it said it could stop raising interest rates, but investors are watching the release of its meeting minutes for any sign the Fed could veer off its easy path. “It’s hard to imagine the Fed sounding as dovish in the minutes, as [Fed Chair Jerome] Powell
Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday. Under the terms of the agreement, StellarX will become a fully-owned subsidiary of Coinsquare and will now need regulatory approval to operate its service under the Coinsquare umbrella. Coinsquare Acquires StellarX Based in Bermuda, StellarX describes itself as “the first decentralized crypto platform
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