A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s
Month: July 2019
Traders work on the floor at the New York Stock Exchange, June 5, 2019. Brendan McDermid | Reuters Tuesday marks the halfway mark — more than half of the S&P 500 has reported second half earnings. The good news: 1) Second quarter earnings are providing few surprises — earnings are beating estimates by the usual
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Wednesday: Apple — Apple rose 4.3% after announcing better earnings, sales and guidance than analysts expected. The tech giant reported
The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody. Let’s check this out. Kraken’s New Funding Options Yesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options
Logan’s Crossing in Chicago’s Logan Square is among a new breed of multifamily buildings with groceries in or near the buildings. Fifield Cos. These days, multifamily developers vie avidly on amenities designed to lure renters and buyers. Smart home features, golf simulators, bike kitchens and refrigerated package lockers are just a few line items on
Downtown Scottsdale and suburbs of Phoenix, Arizona, with the White Tank Mountain Range in the background. JacobH | Getty Images Your next rental destination just might be in the Sun Belt. Scottsdale, Arizona, is the best place for renters, according to an analysis by WalletHub. The personal finance website studied 182 U.S. cities, and evaluated
View Bitcoin looks set to end its five-month winning streak with prices currently down 9 percent from the monthly opening price of $10,759, according to Bitstamp data. A low-volume price breakout seen on 4-hour chart indicates BTC may have a tough time scaling key resistance at $10,235 in the next few hours. Long-term charts retain
Bitcoin has retaken the $10,000 psychological level after coming under bearish pressure in recent weeks. The spike comes hot on the heels of growing optimism that Facebook’s Libra will make its much-awaited entry into the sector, in the first half of next year. The unveiling of Libra is of great importance as it is poised
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called the PIT, can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over
Check out the companies making headlines before the bell: Merck – The drugmaker reported adjusted quarterly earnings of $1.30 per share, 14 cents a share above estimates. Revenue also came in above forecasts. Merck’s results got a boost with strong sales of its Keytruda immunotherapy treatment as well as improved vaccine sales. Procter & Gamble
Over the course of the past few years, Litecoin (LTC) has firmly emerged as one of the more popular altcoins in the crypto sphere, but the token is slowly but surely approaching a day of reckoning as the much talked about halving is going to take place soon. The halving is going to reduce the
Weather prediction is getting much better. Now, innovative companies are spinning that increased capability into lucrative new business models. ClimaCell, featured in a July 24 Forbes story, combines data analytics, traditional inputs and the analysis of signals beamed between cellular towers to predict local weather six hours in advance. The dark clouds. The sky in black. Pattern
A realtor, right, walks with potential home buyers as they tour the property of a home for sale in Sparland, Illinois. Daniel Acker | Bloomberg | Getty Images The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing
View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12
Once again, Bitcoin price has fallen below $10k per coin. The largest digital asset by market cap has shocked investors in the last few months with rallies that saw the coin reach highs of over $13,500 in value. The surge in price has led to multiple discussions on Bitcoin’s future potential as it once again
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are
Check out the companies making headlines before the bell: Pfizer — Pfizer is merging its off-patent drug unit with Mylan in a stock swap deal to form a new entity, to be 43% owned by Mylan shareholders with Pfizer shareholders owning the rest. Separately, Pfizer reported adjusted quarterly profit of 80 cents per share, 5
On July 24, Ripple Labs Inc., the company behind XRP, released its Q2 2019 report, which revealed that it had sold over $250 million in XRP in the quarter. The report outlines Ripple’s strategy of selling XRP going forward as well as focusing on establishing legit trading volume data. Ripple Reports 48% Quarter-to-Quarter Increase in
The Castle, asking $75 million Unvarnished “I’m not a big fan of walking through the front door and giving up the water right away,” says designer Scott Gillen. He’s referring to the design intent behind his latest project, The Malibu Series—a collection of 12 homes throughout Malibu which total over $500 million in combined asking
Bitcoin (BTC) may have been on a superb run for much of 2019, but in July, the cryptocurrency has run into trouble as a range of factors contributes towards wild price fluctuations. The launch of Facebook’s Libra and the skepticism expressed about it by such powerful figures like the head of the Federal Reserve, Jerome
A trader on the New York Stock Exchange. Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate
The Takeaway: The charity arm of Binance was reportedly financed late last year by donations of at least $13 million. A company spokesperson said, “the donated amount does not include the total committed funds.” Less than half of the donations made to the Binance Charity Foundation (BCF) are accounted for on BCF’s website, which shows
Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Starbucks — The coffee company’s stock jumped 7% after Starbucks announced earnings
In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of
The Zipper Building, a former zipper factory in Long Island City, retains original features like exposed brick. Modern Spaces Everywhere you turn in New York City, it seems there’s a new glass tower springing from the ground. But some developers have decided instead to repurpose vacant, historic properties, and getting creative by retaining their original
The month of July has been a month to forget for Bitcoin (BTC) so far as the cryptocurrency has repeatedly struggled to hold on to gains and failed to kick on from the highly impressive run it enjoyed in the first half of the year. Some of the issues that have dogged the cryptocurrency are
On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on
Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto
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