There’s an account on the EOS blockchain with $35 million worth of tokens in it that no one can touch – and its balance is growing constantly. At the end of EOS’ first 12 months as a live blockchain, this account (called eosio.saving) will be worth close to $192 million, assuming the recent EOS market price
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The bearish sentiment in the bitcoin (BTC) futures market hit a record low last week, likely indicating the worst of the plunge in the leading cryptocurrency is behind us. The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1266 contracts in the week ended Aug.
Check out the companies making headlines before the bell: Tesla — CEO Elon Musk said in a blog post that the automaker will remain a public company, following consideration of his proposal to go private. Musk said he was confident the deal could have been funded, but said Tesla shareholders told him they wanted the
A fearless and nonconformist thinker at the height of his abilities, London-based, Ghanaian-British architect Sir David Adjaye OBE is reinventing the possibilities of his profession. One of the leading architects of his generation and a global cultural ambassador for the UK, his clever use of materials and sculptural capabilities have established him as an architect
A lot of financial conditions have changed since the longest bull market on record began, but the benchmark interest rate used to determine mortgage rates is virtually unchanged. The U.S. 10-year Treasury note yield closed at 2.844 percent on Tuesday. On March 9, 2009, the day the stock bull market began, the 10-year closed at
The cryptocurrency exchanges Bitfinex and Ethfinex have both announced today that Autonio’s NIO token is now available for trading on their platforms. NIO has been listed on their exchanges after being awarded first place on the Ethfinex’s most recent community listing vote. Ethfinex hosts a community vote allowing participants to vote on exchange listings on
Maybe you’re the type of trader that keeps metrics to make important life decisions? If you fit the description, you may want to add moving averages to your aresenal to discover just how much they can improve your trading strategies. Not sure where to begin? Moving averages are a useful tool for tracking the direction and
Stocks jumped, bond yields fell and the dollar slid after Fed Chair Jerome Powell reassured markets on Friday that the central bank sees no reason to speed up interest rate hikes. To some, his words signaled the Fed could even slow down later in the cycle. Powell was speaking in Jackson Hole, Wyoming, at the
HONOLULU, HI – AUGUST 23: 2018 Churned up surf crashes on rocks near the west end of Waikiki as Hurricane Lane approaches Waikiki Beach on Thursday, August 23, 2018 in Honolulu, Hi. (Photo by Kat Wade/Getty Images) With Hawaii’s Big Island already receiving a reported 31 inches of rain, there’s no doubt that serious damage
Mortgage borrowers came back to the table last week to refinance and to purchase homes, after their numbers fell for most of the past month. Total mortgage application volume rose 4.2 percent last week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was still 15 percent lower compared with the same week one
If you’re trying to figure out when bitcoin’s slump will end, you may want to look at the emerging markets. According to Fundstrat Global Advisors’ Thomas Lee, there’s an important correlation budding between emerging markets and bitcoin, the most dominant coin in the cryptocurrency space.” “Both really essentially peaked early this year, and they both
Another Brian Kelly ETF prediction surfaced yesterday. In an interview on CNBC’s Fast Money, the crypto-analyst stated that an approval for a Bitcoin Exchange-traded fund (ETF) was most likely to come in February 2019. Brian Kelly ETF Prediction Two But why February? That is quite specific, isn’t it? Well, according to Kelly, in July the
Do you believe in God? Would you put your cryptocurrency holdings on it? Augur, an ethereum-based platform for betting on the outcome of real-world events, aims to be a repository of crowd-sourced knowledge for journalists, investors and policymakers, as well as an effective tool for hedging against adverse outcomes. But it’s also become one other
History generally has a way of repeating itself. The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on Apr. 1, signaling the sell-off
If President Donald Trump were impeached, the stock market could be slammed in the short term, but the economy is unlikely to see any serious damage, according to Strategas Research. Trump this week claimed the stock market would crash and “everybody would be very poor” if he were to be impeached. Strategas said if Democrats
Paige Davis knows paint.Michael Simon, StarTraks. Paige Davis is best known as the host of the series that can take a lot of the credit for starting the DIY craze, Trading Spaces. It originally ran from 2000-2008 and was revived in 2018. So when it comes to renovations, it’s safe to say she has seen
In the late 1990s, Ed McKinley fell in love with a $65,000 house by a lake in New Hampshire. The owners let him move in early and pay rent until the buying process was completed. Inside his new home, McKinley installed a modern stove, painted the walls and began to redo the floors. Then came
Tiffany shares will rise as the company benefits from strong demand in China, according to Credit Suisse. The firm reiterated its outperform rating for the retailer’s shares, predicting the company will report sales above expectations for its second quarter. China sales represent approximately 15 percent of Tiffany’s revenue, analyst Michael Binetti said Friday in a
Steve Stanulis, a decorated retired New York City police officer and award-winning Hollywood actor/director, has recently taken to cryptocurrency and has used it to help inspire one of his upcoming films entitled ‘Red Money.’ We sat down with Steve to learn more about his thoughts on crypto, his upcoming films, and if he thinks the
The probability of a bullish move in bitcoin (BTC) has gone up in the last 24 hours. To start with, the leading cryptocurrency has remained well above the key support of $6,230 (Aug. 20 low) despite the ETF rejection, adding credence to our assessment that the cryptomarkets had already priced in the bad news. Further, the
The bitcoin market has gone comatose today with a key volatility reading hitting fresh yearly lows. The daily bitcoin volatility, as represented by the spread between the daily price high and price low (as per UTC), currently stands at $84 – the lowest level since July 9, 2017 – according to CoinDesk’s Bitcoin Price Index
The SEC has again disapproved several proposals for a bitcoin ETF. The latest rejection involves two ETFs filed by ProShares that would track bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion. This follows on the heels of the SEC’s rejection of the Winklevloss ETF in July that would have
Stocks could close out the dog days of summer on a positive note, especially if NAFTA trade talks go well. The upcoming week could be a very slow one for stocks, but there is still some important data for markets to consider, particularly on the consumer. Consumer confidence is Tuesday; personal income and spending Thursday,
The median U.S. home value climbed 8 percent over the past year to $218,000, but in a sign that buyers are beginning to balk at sustained, rapid escalations in prices, home value growth is slowing in 20 of the 35 largest housing markets. Four of the hottest markets – Seattle, Tampa, Sacramento, Calif., and Portland,
A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of new and existing homes are falling, construction of single-family homes is basically flat for the year, mortgage rates are rising and affordability is weakening. It certainly feels like
Sentiment in Silicon Valley is that Facebook co-founder and CEO Mark Zuckerberg “doesn’t play by the rules,” according to CNBC’s Jim Cramer. The “Mad Money” host, whose charitable trust owns shares of Facebook, said he often visits California’s major tech hub and asks people “who do you not like?” Cramer said the answer is always
Both Bitfinex and Ethfinex have just announced that they have added three new coins to their platforms today: Autonio (NIO), Banyan Network (BBN), and Digix Gold (DGX). Bitfinex The world’s fourth-largest cryptocurrency exchange by its trade volume has just added three new coins to its platform. The cryptocurrency exchange was founded back in 2012 in Hong Kong
Tanzeel Akhtar is an independent British journalist whose work has been published in The Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. Bitcoin exchange-traded funds (ETFs) are having a hard time clearing the bar in the U.S., where nine applications were rejected by the Securities and Exchange Commission (SEC) yesterday. The SEC
The US Securities and Exchange Commission (SEC) has rejected nine applications for Bitcoin ETF proposals. The SEC published three separate orders yesterday, highlighting the rejections from the three different applicants. SEC Says No to Bitcoin ETF Proposals This ruling is a blow to Bitcoin bulls who’d hoped the products would have provided a breakthrough for institutional adoption.
Bitcoin is teasing a minor rally today, having defended key support at $6,230 despite a string of bad news. At press time, the leading cryptocurrency is changing hands at $6,400 on Bitfinex – down 3 percent on a 24-hour basis. Meanwhile, 94 out of the top 100 cryptocurrencies by market capitalization are flashing red, according