Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the
admin
One of the most exciting parts on being a buyer is getting to go to all sorts of open houses. However, when you’re actually thinking about making a purchase, these outings take on a much different flavor than when you’re just visiting one for something to do on a Sunday afternoon. All of a sudden,
Just weeks before the midterm elections, the Trump administration announced details of tax breaks designed to help spur investment in economically distressed neighborhoods. But while investors and real estate developers can expect to see immediate tax benefits from the new rules, it won’t be clear for a while how effective the program will be in
Goldman Sachs CEO David Solomon sat down with CNBC’s Wilfred Frost on Thursday in a wide-ranging interview about his transition to the chief executive role, the U.S. economy and the sell-off hitting Wall Street. “When you have a run like that, there’s no question that at times markets are going to retrace a little bit,”
When China’s stock market falls sharply, there’s a good chance U.S. stocks — and some big blue chip names like Goldman Sachs and Caterpillar — go down with it. The Shanghai Composite Index plunged 2.9 percent Tuesday, sending negative ripples through world markets. China stocks are now down 12 percent in October and 26 percent
The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects. Ripple (XRP) Ripple
Clients of the long-defunct crypto exchange Mt. Gox must submit any claims for trapped funds by Oct. 22. As previously reported by CoinDesk, the exchange first opened up the claims process in August, following a protracted bankruptcy battle. In June, petitioners asking for their bitcoin back won a major victory, as the Japanese bankruptcy court overseeing the
Share to facebook Share to twitter Share to linkedin Halo Effect: How Bricks Impact ClicksICSC If you’re looking for proof of the mutually beneficial relationship between physical retail and online stores, just look at the vast array of digitally native brands opening brick-and-mortar stores and established brands expanding into additional markets. Whether it is Casper
Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR as the investment bank lowered its homebuilding estimates for 2018 and 2019. “This morning BofA Merrill Lynch’s US economics team lowered its 2018-2019 housing starts and new home sales forecasts and thus we slightly temper our macro housing assumptions,” analyst John Lovallo
According to sources, on October 16th, a Bitcoin user managed to transfer 29,999 BTC with a transaction fee of only $0.10. This amount of Bitcoin equates to $194 million, and a transaction of this magnitude would usually incur bank fees in the tens of thousands of dollars. With such a small Bitcoin fee for such
With the fourth quarter shaping up to be considerably choppier than many expected, it’s time to look at Wall Street and see which stocks the experts are betting on as solid picks amid the selloff. The Dow Jones Industrial Average and S&P 500 fell more than 4 percent last week despite strong gains on Friday.
As third-quarter reporting season approaches for automakers and suppliers, analysts have been shaving earnings forecasts for a group that has already been slammed by profit worries and trade war concerns. On Wednesday, Morgan Stanley warned about China exposure and cut earnings estimates for GM, Ford and Fiat Chrysler. Morgan analysts said they remained cautious on
The Ethereum (ETH) Foundation has just announced its fourth set of grants given out to 20 individuals and groups working on the Ethereum blockchain. [Blog] Ethereum Foundation Grants Update – Wave IV #ethereum #grants https://t.co/Xw39mmIX93 pic.twitter.com/gu0csjFlNk — Ethereum (@ethereum) October 15, 2018 Ethereum (ETH) Grants According to the official press release, the total amount of
Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according
YOTELPAD Miami, pictured above, is just one of the many multi-family developments leveraging the short-term rental trend.Courtesy of YOTELPAD Miami Airbnb and short-term rental models have flipped the hospitality industry on its head. Since the launch of the Airbnb platform back in 2008, more than 5 million “hosts” have hopped on the bandwagon, helping the
Housing stocks fell broadly Wednesday after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector because of fears of rising interest rates. A drop in housing starts data also weighed on the stocks. Home Depot and Lowe’s dropped 4.6 percent and 3.1 percent, respectively; Floor & Decor Holdings
Saudi Arabia is still negotiating a deal with Virgin Hyperloop One, a source close to the company told CNBC, contradicting a report that Riyadh had pulled out amid tensions with founder Richard Branson. The Financial Times reported earlier on Tuesday that Saudi Arabia terminated the planned deal following Branson’s decision to halt investment talks with
Fear of higher costs, through higher interest rates, higher wages and higher raw material costs, has now become a major preoccupation for investors. But strong revenue growth, if it continues, may offset concerns that higher costs will erode profit margins. We’re just getting started with earnings season, but the early signs are looking even better
Just ending the uncertainty around the midterm elections is likely to spark a relief rally, and strategists say it could be the start of a very good time for stocks, especially if Republicans hold onto both houses of Congress on Nov. 6. For weeks, the market has been pricing in a scenario where Republicans keep
Welcome to World Crypto Con! World Crypto Con, or WCC, is an opportunity for industry leaders to share their exciting new crypto and blockchain projects to the world. People who have an in-depth understanding of blockchain and cryptocurrencies, as well as those who are clueless, can learn something at WCC. Welcome to a new way to
Cryptocurrency exchange Bitfinex has just announced a new process for depositing fiat currency after the platform halted the service in recent days. Announcing the news in a blog post Tuesday, the exchange said the “new, improved and increasingly resilient” deposit system would again allow users who have been verified for know-your-customer (KYC) compliance to top up
(AP Photo/Jae C. Hong) Both mainstream and upstart automakers are planning to debut no fewer than 100 electrified vehicles in the U.S. by 2022. The question is whether the nation is equipped to handle them, especially with regard to public charging stations. Of course, the easiest way to keep an electric vehicle or plug-in hybrid
President Donald Trump said Tuesday that “I have no financial interests in Saudi Arabia” — but in fact he has boasted in the past that “I make a lot of money with them.” Trump’s tweet denying a financial stake in Saudi Arabia comes amid a growing furor over suspicions that the country’s rulers ordered the
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger
There may be one reason why investors fear October so much despite stocks averaging a gain this time of the year: It tends to be the most volatile month of the calendar. On average, the S&P 500 posts a daily move of at least 1 percent in 10.3 percent of October’s trading days, according to
Nuveen Asset Management chief stock strategist Bob Doll said the market is likely to re-test its lows before it can get back on the path to new highs. “I’d be surprised if it’s over,” said Doll, chief equity strategist and senior portfolio manager. “The Friday rally and price points were pretty good, but the internals—the
Starting today, there will be new stablecoins on OKEx! The third biggest crypto exchange by market cap announced that it is adding four US dollar-backed stablecoins to its platform. Four New Stablecoins on OKEx Let’s catch up. Stablecoins are cryptocurrencies that are backed on a one-for-one basis with a fiat currency. For example: if a stablecoin
Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform. Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday. Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors, including
Selling your old home and buying a new one at the same time is a balancing act. That said, it can be done. We’ve taken the liberty of outlining all of your options below. Read them over to decide which ones will work best for you. If you follow this advice, you should be able
Sears Holdings plans to shutter 142 Kmart and Sears stores by the end of the year and begin liquidation sales shortly as it tries to emerge from bankruptcy court. The retailer currently has roughly 700 stores open. “The reduction in the number of stores that the company operates, as well as the reconfiguration of the