Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the company confirmed the 50 percent figure,
Month: March 2019
Marina Bay and Financial district in Singapore. If your city is a tech hub, a finance hub, or known for being an epicenter of high culture, media and entertainment, then real estate prices are likely to be prohibitive for the vast majority of the city’s employees. (Getty Images)Getty Face it, if your city is home to
If you’re a first-time home buyer and looking at cities in California, you may want to rethink your plans. Some under-the-radar metro areas in other areas of the country may provide more value. That’s according to a new study from personal finance website Bankrate, which ranked the 50 largest metro areas in the U.S. for
View Bitcoin clocked highs above $4,000 over the weekend and ended last week on a positive note, strengthening the short-term bullish outlook. The ongoing recovery rally, however, could pause around $4,000 or we may see a fall back to key support levels lined up at $3,775 and $3,658, as the bearish (downward sloping) 21-week simple
Emerging markets are getting energized this year. The most well-known emerging markets exchange-traded fund, the EEM MSCI ETF, has rallied more than 11 percent in 2019, keeping it at the heels of the S&P 500’s nearly 13 percent gain. The VWO Vanguard FTSE emerging markets ETF and small cap-focused IEMG MSCI emerging markets ETF, which
Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by slower demand out of China,
Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD
Cryptocurrency exchange Bittrex said it canceled an “initial exchange offering” (IEO) just hours before it was set to launch. The RAID Project had planned to raise $6 million through the sale of a token called XRD to the exchange’s customers. But Bittrex said it called off the sale after learning that the issuer’s strategic partnership
Share to facebook Share to twitter Share to linkedin Actors Matthew McConaughey, left, and Anne Hathaway attend a special screening of “Serenity” at the Museum of Modern Art on Wednesday, Jan. 23, 2019, in New York. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP Overlooking Central Park from high above 5th Avenue is this 7,750 square-foot apartment spread over
Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market. A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as
Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
Investors who attempted to try to time the market’s lows and highs have on the long run received a worse return on their investment than those who simply remained invested. On average, investors who bought and hold, rather than tried to time the market, received an average annualized return of 7.61 percent since 1989, research
Cryptocurrency exchange Bittrex has reportedly canceled an IEO (initial exchange offering) hours before its launch. The RAID project was expected to make $6 million USD by selling its XRD token to customers on the Bittrex exchange. Canceled RAID Project Bittrex reportedly called off the token sale after it learned that the RAID project had suddenly terminated its partnership
Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main
The SU+RE House was designed and built by the students from Stevens Institute of Technology for the 2015 Solar Decathlon event and built modular. The large overhangs include “storm shutters” that shade the house in the open position and can be lowered to protect it from water, debris, and vandalism during a devastating storm.Photo courtesy
8 Hours Ago The Hudson Yards mall will appeal to low and high end consumers and aims to go beyond the traditional mall experience. Related Companies Founder and Chairman Stephen Ross, the man behind the mall, sits down with CNBC’s Andrew Ross Sorkin to discuss the ten-year journey. They also touch on the U.S. economy,
View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. The recovery rally from the lows near $3,400 seen
Stocks kicked off 2019 with a bang as U.S.-China trade tensions simmered while the Federal Reserve signaled patience in raising rates. However, stocks will need improving economic data to make a run at the record levels set last year. The Dow Jones Industrial Average and S&P 500 are both 4 percent away from their all-time
The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P is now less than 4 percent from the old historic closing high (2,930 on September
The Fed’s meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors in both bonds and stocks could find bullish. But analysts in both markets say the Fed’s message has been well telegraphed, and market response could be tepid or even a “sell
Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform. IBM and Stablecoins IBM began its venture with Stellar in late-2017 and finalized
It’s business as usual for CME Group’s bitcoin futures market, despite a retrenchment by rival derivatives exchange operator Cboe Global Markets. Contacted by CoinDesk Friday, a spokesperson for CME said the exchange has “no changes to announce re our bitcoin futures contract” and declined to comment on Cboe’s pullback. The affirmation is notable in light
Chicago buyers start looking in April or MayGetty Here’s the best time to list your home, according to recent research from realtor.com in the 50 largest Metros around the country. Look to the first week of April in many areas this year as the right time to list your home and take advantage of a robust
Home prices may be cooling off right now, but rents are heating up yet again. After taking a breather in 2018, due to new supply on the market, rents for both single-family homes and multifamily apartments are now rising at the fastest pace in nearly a year, according to Zillow. The median monthly rent in
Global trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per
Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
The Thai Stock Exchange (SET) is planning on rolling out a cryptocurrency platform sometime in 2020. According to SET’s official press release yesterday, the country is “ready for digital transformation.” Thai Stock Exchange Expands into Crypto SET President Pakorn Peetathawatchai said that the exchange’s three-year plan would focus on developing a “digital infrastructure platform.” The
Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves. The new text states that while its stablecoin is 100 percent backed, its reserves may at times include other assets. The website reads: Every tether is always 100% backed by our reserves, which
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