Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for […]
Cryptocurrencies fell amid reignited regulatory worries and questions around the legitimacy of so-called “stablecoin” tether.The entire market shed about $10 billion in value in the space of an hour late Thursday, CoinMarketCap data showed. This after the New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding […]
For a long time, the main barrier to mainstream adoption of cryptocurrencies has been the unwillingness of retailers to make the changes necessary to use them. Given the risks that massive fluctuations in these markets present to retail businesses, it’s understandable that they’d be reluctant to accept Bitcoin or other staple coins.A new partnership established […]
Investors, traders, and speculators are jumping into the Bitcoin and cryptocurrency markets again, sending prices soaring across the board.Over the last seven days, Bitcoin has gained 25.74%, Ethereum 18.76%, Ripple 16.12%, and Litecoin 53.20%–see table 1. The rally was extended across the cryptocurrency markets, with 94 out of the top 100 cryptocurrencies gaining in price-see […]
American economist and notorious crypto critic Nouriel Roubini has argued that if and when central bank digital currencies (CBDCs) are adopted, they won’t be based on blockchain.Roubini — otherwise known as “Dr. Doom” for his prediction of the 2008 housing bubble collapse — made his comments during a joint panel with Ethereum (ETH) co-founder Vitalik […]
President Donald Trump has made many promises to the American people. One of them was his tax plan. He and his administration vowed tax cuts would lead to growth and pay for themselves, rather than add to the already ballooning deficit.But that doesn’t seem to be the case. The latest reading from the Treasury Department […]
Technology firms led a plunge in Asian markets on Tuesday, tracking a deep sell-off in New York where Apple tumbled on worries about demand for its iPhones, while energy firms were also in free-fall with oil prices.In Tokyo, Japan Display and Alps Electronics both sank more than seven percent, while Sony was off almost five […]
Alibaba (BABA) just broke its own sales record on Singles Day.The world’s largest shopping holiday on November 11, hit a new record of RMB 213.5 billion ($30.8 billion) in gross merchandise value (GMV). Despite the impressive record, in its tenth year, Singles Day is expanding at the slowest pace. Sales this year grew 27%, compared […]
Shares of Disney (DIS) climbed after the entertainment giant posted quarterly results that beat on both the top and bottom lines.Earnings per share came in at $1.48 on an adjusted basis on revenue of $14.31 billion, soaring past estimates of earnings of $1.34 per share on revenue of $13.74 billion, according to Bloomberg data. Adjusted […]
Democrats gained control of the House and the Republicans maintained control of the Senate in the 2018 midterms, a situation that many are concerned will lead to political gridlock. However, if you look at history, it is the best case scenario for markets.According to Dow Jones Market Data, analyzing markets and election data going back […]
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