Binance, the top crypto exchange by adjusted trading volume, has confirmed it will soon issue its own stablecoins. In a phone interview with Bloomberg, Binance’s chief financial officer, Wei Zhou, said the first stablecoin will be launched on the platform “in a matter of weeks to a month or two.” According to Zhou, the token
Month: June 2019
Barcelona, Spain Wikipedia Last month the regional government of Catalonia approved a controversial decree law to regulate the housing rental market. In order to address the rising price of rent, the measure introduces rent controls through an official reference index in those neighborhoods where rental prices are considered disproportionate or where there is a high demand
David Umanzor is an Uber driver in Washington, D.C. Part of the time he’s driving, he’s scouting properties for an investor, Daniel DiGiacomo, who has been flipping homes for a decade, but has never seen the market this tough. “With the prices as high as they are now, the margins on our flips are pretty
Bitcoin trading volume on the largest US-based cryptocurrency exchange, Coinbase, hit the highest amount seen in 14 months in May. During the month of May, Coinbase facilitated the trade of 738,959.42 BTC — worth approximately $5.9 billion at current market prices — according to data from Bitcoinity. This development marks the exchange’s highest level of
President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters First, China. Now, Mexico. And Wall Street analysts scrambling to quantify the impact of tariffs on the companies they cover are beginning to feel like its Groundhog day. President Donald Trump opened a
Check out the companies making headlines after the bell: Shares of Beyond Meat soared 14% in extended trading on Thursday after the plant-based alternative meat company reported its first quarterly report since going public. The company reported revenue of $40.2 million, surpassing the expected $38.9 million, and earnings of 14 cents per share. The company
According to a Bitwise report, there is foul play in the crypto industry because it is unregulated, which makes exchanges culpable to manipulation as some even inflate their trading volumes. The Bitwise researchers have discovered that up to 95% of trading volumes are fraudulent. This is where Ripple steps in. Ripple Working to Enhance Accuracy
Crypto exchange Poloniex revealed in a post Thursday that lenders in its bitcoin margin lending pool suffered a loss of 1800 BTC — roughly $13.5 million at current market prices — due to a flash crash in the Clams (CLAM) market on May 26. Poloniex’s peer-to-peer margin system includes both lenders and borrowers, the lenders
Opportunities for commercial real estate (CRE) owners and operators are flourishing outside of the largest U.S. metropolitan markets, such as New York and San Francisco. Investors exploring Memphis, Phoenix or Salt Lake City, among other cities in the Tier 2 real estate market, can earn strong returns by developing or purchasing and repositioning older properties.
The White House has invited some of President Donald Trump’s key allies in the business world to an event later this month in Bahrain intended to kick-start the administration’s long-awaited Middle East peace plan. The meeting is part of Trump’s effort to strike the “deal of the century” for Israeli-Palestinian peace. The Bahrain gathering will
View Bitcoin has bounced back to $8,000, forming a double bottom breakout – a bullish price pattern – on the 4-hour chart. The price breakout has opened the doors to $8,400. On the way higher, BTC may face resistance at $8,350. A rally to $8,350, if any, could be short-lived if trading volumes remain low.
The SEC this week voted to approve a financial investment reform package. Known as “Regulation Best Interest” or “Reg BI,” the package is intended to strengthen protections for investors by requiring financial advisors and in particular broker-dealers to disclose conflicts of interest. Does it provide more protection for investors than previous rules? It depends on
Check out the companies making headlines before the bell: J.M. Smucker – The food producer reported adjusted quarterly earnings of $2.08 per share, beating consensus estimates by 13 cents a share, even though revenue fell below forecasts due to a stronger dollar and lower prices for its coffee and peanut butter brands. Smucker also gave
It’s a big week for OkCoin, with the crypto exchange launching in the EU. Here’s everything we know about the launch. OKCoin Launches in EU: The Details On Tuesday, June 4, OKCoin posted a blog post that said it is opening up euro pairs to traders. For non-United States users, starting yesterday, the crypto exchange’s
View Bitcoin is struggling to produce a stronger price bounce, despite the defense of the 4-hour chart’s 200-candle moving average – a sign of buyer exhaustion. A bear flag breakdown on the 4-hour chart, if confirmed, would open the doors to levels below $7,000. The daily chart continues to call a move lower to the
“The open hand is blessed, for it gives in abundance, even as it receives.” Biddy Mason, Former Slave and Pioneering Entrepreneur At her death in 1891, Biddy Mason’s wealth was approximately $300,000 or about $7,000,000 in today’s dollars. More impressively, the land she owned in downtown Los Angeles is now worth hundreds of millions. Incredibly,
A cold storage warehouse in Jessup, MD. Diana Olick | CNBC The growth of e-commerce has increased demand for warehouse space exponentially, but one subset of that real estate sector is really heating up: Cold storage warehouses and distribution centers are suddenly in high demand thanks to new food delivery services like Peapod by Giant,
An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect. The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its
Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time. Available from Tuesday for non-U.S. users, OKCoin’s new spot trading offerings cover euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at launch, with more pairs planned. The firm said on its blog that until Sept.
President Donald Trump delivers remarks in the Roosevelt Room at the White House in Washington, May 9, 2019 Jonathan Ernst | Reuters President Donald Trump prides himself on bold negotiating tactics, but his threat to slap tariffs on Mexico for not cracking down on immigrants turns a powerful trade tool into a dangerous weapon that
Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on
Share to facebook Share to twitter Share to linkedin ENGLEWOOD, CO – NOVEMBER 18: Denver Broncos Champ Bailey and his son Brayden smile for the cameras after his press conference to announcing his retirement as a Denver Bronco November 18, 2014 at Dove Valley. (Photo By John Leyba/The Denver Post via Denver Post via Getty
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters Mortgage rates are falling fast but not enough to offset high home prices. Buyers are still pulling back. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing the company’s full-year profit outlook to low-to-mid-single-digit
Check out the companies making headlines before the bell: Tiffany – Tiffany earned $1.03 per share for the first quarter, a penny a share above estimates. Revenue came in below forecasts, however, and a same-store sales decline of 5% was larger than the 1.2% decline anticipated by analysts surveyed by Refinitiv. Tiffany points to currency
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.
View Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months. This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day
When I think about the commercial real estate industry now compared to what the space looked like a mere five years ago, it’s night and day. The landscape we once knew has transformed tenfold, with the most recent wave of real estate technology (proptech) redefining an increasingly intricate market and the strategies used to navigate
A couple sits with a mortgage consultant in Miami. Getty Images Mortgage rates are falling unexpectedly and sharply, and that means millions more homeowners can now benefit from refinancing their loans. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage