Cryptocurrency exchange Huobi Pro is to cease offering trading services to investors living in Japan starting from next month. According to a news report from Coinpost, the exchange announced the news in an email sent to investors in Japan on Wednesday, stating it will remove the Japanese option from its homepage and suspends trading services
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Apple co-founder and noted bitcoin bull Steve Wozniak says the hype around blockchain is similar to what he saw in the dotcom era, with companies going belly-up at a rapid rate. “It was a bubble, and I feel that way about blockchain,” Wozniak said Tuesday on stage at the NEX technology conference in New York.
Cryptocurrency trading is an extraordinary opportunity because the price volatility is much wider than in equity markets. What would normally take weeks to attain in gains I have achieved in much shorter time frames. Rather than doubling down as my stack has grown, I bank my profits back into the majors: the largest blockchains such
The cryptocurrency markets are always changing. Nothing remains static for long, and as an investor, you need the right wallet to help you keep up with these changes. You’re no beginner. You saw Bitcoin hit $20,000, you invested in Ethereum early on, and you might even have taken part in the major Bitcoin fork that
Check out the companies making headlines after the bell: Shares of Sonic plummeted more than 8 percent in extended-hours trading. The popular drive-in restaurant chain, earned 52 cents per share in its third quarter, beating analyst estimates of 49 cents, but missed on estimated revenue. Sonic only earned $118.3 million compared to the $118.7 million
The S&P 500 could finish the year with a strong rally — but in the meantime, the market is not out of the woods yet, Wall Street veteran Byron Wien told CNBC on Tuesday, a day after stocks were clobbered on the latest twist in the U.S.-China trade saga. Wien, vice chairman of Blackstone Private
The past two weeks have seen two South Korean exchanges get attacked and robbed, sparking commentary and critique among the country’s local cryptocurrency community. It began with the Coinrail hack on June 9. At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies.
Shutterstock The selling Monday was quite relentless, with many of the major ETFs and stocks opening lower and declining further throughout the day. The market internals for the NYSE were solidly negative, with 721 stocks advancing and 2261 declining. Many are explaining the market drop on the news about that Harley-Davidson Inc. (HOG) seeks to
Crude oil can go even higher after it spiked above $70 per barrel Tuesday for the first time since May. The latest jump came after the State Department ordered allies to halt their imports from Iran by November. This tightens supply heading into the second half of the year and into 2019; given these conditions,
A woman walks past a Lane Bryant store in San Jose, Calif. (AP Photo/Paul Sakuma) The so-called “plus-size” market (typically size 14 and up) has been an under-served opportunity for as long as I’ve been in retail. Historically there were some good reasons for this. And some not so stellar ones. Traditionally the main thing
They may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to agree on a trade policy. Monday’s action featured a series of mixed messages about President
Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares North American Tech-Software ETF, we found
Shutterstock Stocks going the other way during a massive sell-off are interesting — what is it that allows them to escape the great unloading going on all around them? Why would they be showing unusual strength during a period of market weakness? To find out the answers, I went to Financial Visualization for background information
Companies who buy Iranian crude oil must completely cut those exports by the start of November or else they will face powerful U.S. sanctions, a senior State Department official told reporters on Tuesday. The State Department has conveyed that message to European diplomats in recent talks, the official said. The Trump administration has not yet
Technology stocks in the U.S., with generally higher valuations compared with the broader market, are fairly priced in the current environment, Richard Turnill, global chief investment strategist at BlackRock, told CNBC on Tuesday. “When we talk about this market trapped in a range … and then you look at share prices of many tech companies
Cardano (ADA) & Tron (TRX) – The cryptocurrency market is slowly beginning to rebound after taking a hit this past weekend. Source: CoinMarketCap On Friday, Japan’s FSA announced a cryptocurrency crackdown that caused Bitcoin (BTC) and Ethereum (ETH) to plummet nearly 10%. With the sharp drop, most of the market followed suit – but has
Spotify is reinventing the way music is sold and could gain upwards of 20 percent, analysts with Barclays said Tuesday. “Our optimism around SPOT stems from the company’s history of creating best-in-class products and user experience and innovating ahead of peers,” Barclays analysts said in a note. The firm issued an overweight rating on the
A tight, expensive housing market has more homeowners staying put — upgrading and enlarging their current homes rather than fighting to afford a new one. The costs to remodel, however, are growing. More than half (58 percent) of homeowners surveyed by Houzz, a home design and remodeling website, upgraded their homes last year at a
Credit Suisse CEO Tidjane Thiam attends the annual shareholders’ meeting of the Swiss banking group on April 28, 2017 in Zurich. (MICHAEL BUHOLZER/AFP/Getty Images) High-frequency trading has been able to produce outsized returns for banks that have put most of their eggs in this one basket. Wall Street firms tend to be all-in on electronic
Shares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on
Holy chips! The SMH semiconductor ETF tumbled nearly 4 percent on Monday in its worst daily performance since April. The ETF, which houses 25 of the largest U.S.-traded chips stocks, is on track for its first negative quarter since the third quarter of 2015, and according to one technical analyst, it’s about to get worst.
No one knows with certainty where the market is headed on a daily, monthly or yearly basis. While you can always find an example of an active investment manager who beat the market for a year or two, it’s nearly impossible to find evidence of any manager doing so on a consistent basis over the
Bitcoin (BTC) narrowly missed scaling a key resistance level on Monday, but remains on the hunt for a corrective rally, the technical studies indicate. The cryptocurrency flashed signs of bearish exhaustion yesterday, having defended the $6,000 mark over the weekend. As discussed, a close (as per UTC) above $6,250 (Doji candle high) yesterday would have
The recently introduced “trans-fee mining” revenue model is starting to change the cryptocurrency exchange landscape, despite some criticism of the method from industry insiders. According to CoinMarketCap, two exchanges have just shot to the top of the 24-hour trading volume rankings after rolling out trans-fee mining for users. The data shows that 24-hour trading volume on
A new cryptocurrency exchange from South Korea has leaked critical information about 19 users on its platform, which could put some $620,000 worth of a cryptocurrency at risk. According to a report from CoinDesk Korea on Monday, an employee of Bitkoex, an exchange launched in May, posted in a Kakao group chat on last Friday
Popular e-commerce entrepreneur and business owner Jared Goetz has made a career out of being ahead of the marketplace and adapting his companies to new trends. At the age of 21, Jared made his first million, then went on in the years to come to run other businesses that have made millions of dollars. He has been
XBT and BTC – How Were these Acronyms Adopted? XBT or Bitcoin was created by Satoshi Nakamoto in 2009. Satoshi Nakamoto did not specify any abbreviation for Bitcoin and BC was the acronym originally adopted. Exchanges specified Bitcoin as BTC, and it caught on. ISO 4217 standard is a non-governmental organization that specifies currency codes
29 Mins Ago Patrick Newport, IHS Markit executive director of U.S. economics, and Susan Wachter, University of Pennsylvania Wharton real estate professor, discuss the jump in new home sales in May. all the growth in new home sales is in the south where housing is affordable New home sales growth concentrated in the affordable south:
Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin. The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma
A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten. Bitcoin Ranking By