View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low.
Month: February 2019
Oklahoma Gov. Kevin Stitt urged lawmakers to boost the Sooner State’s rainy day fund to $1 billion to avoid the kind of revenue shortfalls that came after the 2014 collapse in oil prices. That crisis was worsened by income tax cuts that further curtailed revenue. Since then, former Gov. Mary Fallin and Republican legislators have
CNBC’s Jim Cramer has concluded that running a profitable, growing business in this market is kind of like walking a tightrope, with value investors who want to see cost-cutting on one side and growth investors who want to see spending on the other. “Keeping both groups happy is a real high-wire act — in all
Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical mass,” according to an announcement. Stablehouse will
Check out the companies making headlines after the bell: Shares of Snap soared as much as 21 percent Tuesday following their fourth-quarter earnings beat. The tech company earned $390 million in revenue, beating the expected $378 million.The company posted losses per share of 4 cents, smaller than the expected loss of 7 cents. Global Daily
According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed,
Share to facebook Share to twitter Share to linkedin Three Ways To Build A Super Bowl Winning Sales TeamAlex Abaunza On Sunday night I watched my favorite football team win their sixth Super Bowl game. It’s no secret that I am a huge Patriots fan. Watching a game with Emilia and our friends (and a big
Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market. But rising mortgage rates took their toll on affordability last year, causing sales to slow. Prices
View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish
Puerto Rico bankruptcy Judge Laura Taylor Swain rejected a request to create a committee to represent Puerto Rico general obligation bondholders after a GO bondholder asked her to do so. However, Swain pointed out that the bondholder could seek the committee by petitioning the United States Trustee. The U.S. Trustee is part of the U.S.
NBC Sports’ Golf Channel is partnering with four-time major champion Rory McIlroy to debut a subscription service that will give customers one round of golf a month, more than 4,000 hours of instructional videos and discounts at resorts and clubs. GolfPass, which NBC is officially launching on Tuesday, will cost $9.99 per month or $99
The troubled crypto exchange QuadrigCX has appealed for creditor protection, setting the stage for a significant court hearing on Feb. 5 in Canada. Last Thursday, the exchange’s appeal was made before the Nova Scotia Supreme Court, with QuadrigaCX claiming that doesn’t have access to wallets containing some $137 million (U.S. dollars) in cryptocurrency. As such,
Now that the IPO market has reopened, traders are hopeful that an enormous pile of new stock offerings can be pushed through the door in 2019. IPO observers are optimistic, and with some justification: There is an outside chance 2019 could be an all-time record for initial public offerings, passing even the legendary 1999 and
Check out the companies making headlines after the bell: Shares of Alphabet dropped more than 3 percent in extended trading on Monday despite beating on its top and bottom lines. The Google-parent company’s earnings per share were $12.77, well above estimates of $10.82. The company earned $39.28 billion in revenue, beating the $38.93 billion estimated
Around $190 million in cryptocurrency has been lost and locked away somewhere online where no one can reach it. What’s to blame? Canada’s largest cryptocurrency exchange, QuadrigaCX. Back in December, the cryptocurrency exchange’s founder perished while in India. According to CoinDesk, a court filing states that the company does not have access to most of
Clelia Warburg Peters, president of Warburg Realty, brings significant experience in strategic business development, cutting-edge technology and financial investing to her role at the firm. With international business experience, Peters introduces a global perspective to a local community. Clelia Warburg Peters, President of Warburg RealtyWarburg Realty Warburg Realty is one of New York’s leading tech-savvy
Apparel retailer Charlotte Russe filed for Chapter 11 bankruptcy protection on Sunday, saying it plans to close nearly 100 stores. The company has more than 500 locations, including those under the Peek Kids brand, operating across the country today. Many are within shopping malls. Charlotte Russe said “in the near term” it will provide additional
View Bitcoin has charted a falling wedge pattern on the daily chart. A break above $3,450 would confirm a wedge breakout and expose key resistance lined up at $3,658 (the high of the gravestone doji candle created on Jan. 26). A violation there would expose the psychological resistance of $4,000. The prospects of a falling
Thomas M. Enright, who died Jan. 27 of bone cancer at 72, was remembered by former colleagues and municipal professionals for his banking industry knowledge and loyal client base. Enright held various fiscal positions with local Michigan governments before beginning a nearly 30-year investment banking career. He retired in 2016 from Hilliard Lyons where he
The markets have surged into the new year with the S&P 500 Index posting its best January in more than three decades. Investor optimism of late has been fueled by a stronger-than-expected earnings season, and a Federal Reserve that is expected to pull back on plans to hike interest rates. The S&P 500 is now
The operator of Germany’s second-largest stock exchange, Boerse Stuttgart Group, has launched a mobile app for cryptocurrency trading. After a year in development, the firm announced Thursday, the Bison app is now available on iOS 9+ and Android 4.4+ devices in Germany, and will allow users to trade in bitcoin (BTC), ethereum (ETH), litecoin (LTC) and
January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment. The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent,
Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into
Year of the Pig photo credit: GettyGetty At the end of last year, I published a 2019 forecasts piece in which five VCs hailing from the US, the UK, and Continental Europe shared their thoughts on PropTech in 2018 and their expectations for the year ahead. The article was a huge hit and generated a
U.S. hiring in January topped all forecasts while wage gains cooled and the government shutdown pushed up the unemployment rate, signaling job gains remain robust without major inflation pressures that would worry Federal Reserve officials. Non-farm payrolls increased by 304,000, the most in almost a year, after a downwardly revised 222,000 gain the prior month,
If you win money in a Super Bowl bet on Sunday, remember while you’re celebrating that Uncle Sam can be a bit of a party crasher. No matter where you wager — whether at a casino, through a pool or fantasy league, or at your neighbor’s annual bash — the IRS expects you come to
Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly
Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers reportedly did not meet Papa John’s valuation expectations. Exxon Mobil — Shares of Exxon Mobil
Computer giant IBM has successfully completed another blockchain trial with the help of 28 tons of mandarin oranges. The tech behemoth tracked a shipment of mandarins from China to Singapore and used the innovative technology to do so. IBM Blockchain Trial The trial consisted of 28 tons of mandarin oranges (which equates to 3,000 cartons), delivered
Photo Taken In Seattle, United StatesGetty The wild West Coast home price appreciation party seems to be winding down. After the incredibly strong home price gains over the last six years in San Francisco, Seattle, Portland, Los Angeles and San Diego, home prices were up “only” 3% to 6% over the last 12 months. In a