Cryptocurrency exchange Bitfinex has announced a transparency initiative that will see it put on full view the buying back and “burning” of its LEO exchange token. In an announcement Friday, the firm said as part of its token redemption process, the UNUS SED LEO Transparency Initiative will allow the public to see parent firm iFinex use its gross
Month: June 2019
Many have heralded opportunity zones as having the potential to be America’s largest economic development program. Over the last several months, the commercial real estate industry has been obsessed with the potential of opportunity zones, and with the recent release of additional regulations from U.S. Department of the Treasury, you can expect enthusiasm around the
Victorian homes and the downtown skyline in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was
As Bitcoin (BTC) holds resistance above $8,100 USD, more positive news has arrived to help its case. Intercontinental Exchange’s (ICE) cryptocurrency platform, Bakkt, is to begin testing its first product: physically-delivered Bitcoin futures. The date for launch is just over one month from now, July 22nd. Bakkt Announces First Project Launch In a blog posted earlier
A third-straight increase in weekly jobless claims added to evidence that the labor market is cooling as analysts weighed the likelihood that the Federal Reserve will cut interest rates. Initial jobless claims rose 3,000 to 222,000 in the week ended June 8, the Labor Department reported Thursday. Economists polled by IFR Markets had expected 217,000
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images The IPO market keeps getting hotter, but how much more juice is
Check out the companies making headlines before the bell: CrowdStrike – CrowdStrike remains on today’s watch list following a successful Wall Street debut Wednesday. The cybersecurity company’s initial public offering was priced at $34 per share and finished the session at $58. Lululemon – Lululemon reported quarterly profit of 74 cents per share, 4 cents
It was always going to happen. As the blockchain sector evolves, more companies will start merging into it. And this week, that’s precisely what British insurer Legal & General did. Yesterday, Legal & General, a multinational British insurer, announced that it’ll be working with Amazon to develop a blockchain system. Here’s everything we know. Enter
View Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market. This time, BTC has already rallied more than 180 percent ahead of the bull cross.
As a realtor or investor, it is your job to know when a market is starting to warm up. Whether you are looking to buy or sell, recognizing the signs of how a market may be trending can help you—or your clients—use your money wisely. From keeping an eye on inventory and days on the market to
Mortgage applications soared last week, but the nation’s largest mortgage lender has been posting record numbers for months. Quicken Loans, the home loan company based in Detroit, saw April and May origination volumes that proved to be the highest in the company’s 34-year history. CEO Jay Farner told CNBC Wednesday the jump resulted from greater
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.” In a 12-page letter sent to Oaktree clients on Wednesday,
A swift breeze swept across the canal and into a small Amsterdam pub, where about 30 bitcoiners sat drinking beers and registering for Breaking Bitcoin 2019. It smelled like rain. From a British mom who works from home as a “bitcoin hobbyist,” to a ripped Kiwi technologist with a thick beard, people who work with
Wells Fargo banker Peter Cannava, who continued his legal fight against the Securities and Exchange Commission even as fellow defendants settled in the 38 Studios enforcement action, has won that battle. Rhode Island U.S. District Judge John J. McConnell, Jr. ruled Tuesday for Cannava, putting an end to the SEC’s litigation against him and effectively
America’s retirement accounts are growing, but not fast enough. Vanguard has released its annual How America Saves 2019 report. It’s a snapshot of the state of retirement in America that focuses on defined benefit accounts, which are mostly in the form of 401(k)s. Here’s the good news: 1. Despite the market downturn in 2018 (the
Check out the companies making headlines before the bell: Dave & Buster’s Entertainment – Dave & Buster’s reported quarterly profit of $1.13 per share, missing consensus estimates by a penny a share. The restaurant chain’s revenue also fell short of forecasts, as comparable sales declined by 0.3%. The company also lowered its full-year forecast. Raytheon,
Visa announced today that it is entering the $125 trillion money-transferring market and using blockchain technology to do so. Its new product, Visa B2B Connect, is newly launched and allows businesses to transfer money across the globe faster and safer. Let’s check this out. Visa B2B Connect The company has its sights set on cross-border,
View Bitcoin’s price consolidation in a tight range continues for the eighth day, as litecoin rallies to its highest level since May 2018. BTC’s 4-hour chart shows $8,053 is the level to beat for the bulls. A high-volume break higher could be followed by a rise to $8,500. LTC looks set to extend its recent
Five years ago , “proptech” was a misunderstood buzzword that no one seemed to know how to define. These days, it is a common phrase in almost every commercial real estate (CRE) professional’s lexicon. But what’s more, proptech is now regarded as an essential tool that is revolutionizing the way industry professionals conduct business and
Consumers saw an opportunity last week and took it — in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 41% higher than a year ago. The average contract
Mary Meeker presents her annual Internet Trends Report at Code 2018. Asa Mathat | Vox Media The most highly anticipated report of the year for tech investors has arrived. Mary Meeker, a widely followed technology backer and general partner at the venture firm Bond Capital, published her 333-slide “Future of the Internet” report Tuesday ahead
With no surprises in the release of the producer price index, the Federal Reserve will have flexibility on rates, as inflation remains in check. On a year-over-year basis, the core price index, which excludes food and energy, rose 2.3% in May, down from a 2.4% rise in April. It was the lowest reading since January
Check out the companies making headlines before the bell: Shutterfly – Shutterfly agreed to be bought by private-equity firm Apollo Global for $51 per share, or about $1.7 billion. Apollo is also buying another online photo service, Snapfish, for about $300 million and plans to combine the two. Barnes & Noble – A new bidder
It helps the cryptocurrency sector when the broader world begins to utilize the digital assets’ underpinning technology. Of course, I’m talking about blockchain technology. Therefore, it’s a great push for the decentralized asset when technology giant Microsoft clearly becomes a huge advocate for blockchain. How is it an advocate? Well, it is reportedly making blockchain-based tools
View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to
Share to facebook Share to twitter Share to linkedin The robotic ROGNAN was developed in colloraboration of a new American startup Ori and IKEA. Here the unit can be seen as a bedroom and sitting area. Photo courtesy of IKEA More and more people today are choosing to live in smaller spaces. They are either downsizing,
In this May 2, 2019, file photo Beyond Meat CEO Ethan Brown, center, watches as his company’s stock begins to trade following its IPO at Nasdaq in New York. Mark Lennihan | AP Short-sellers lost $398 million betting against Beyond Meat through Friday, according to research S3 Partners. And those losses got bigger on Monday as the
After several lean years, New Mexico enters the 2020 fiscal year July 1 with a record budget for capital outlay projects after bountiful revenues from oil and gas. Lawmakers at this year’s session provided $993 million for 1,600 bond-funded projects around the state. New Mexico Gov. Michelle Lujan Grisham enjoyed rising revenues in her first
Check out the companies making headlines before the bell: United Technologies – United Technologies and Raytheon have announced a stock swap merger. Raytheon shareholders will receive 2.3348 shares for every share they now own, and the new company will be known as Raytheon Technologies. Salesforce.com – Salesforce will buy analytics platform company Tableau Software in
Lawmakers in India have proposed a crypto bill that is considered by many to be ludicrous. The country is clamping down on cryptocurrency with an extreme proposal that would make Bitcoin and crypto ownership completely illegal. Those caught holding, mining, owning, or trading any digital asset could face a prison sentence of 10 years. The bill
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