It’s a big week for OkCoin, with the crypto exchange launching in the EU. Here’s everything we know about the launch. OKCoin Launches in EU: The Details On Tuesday, June 4, OKCoin posted a blog post that said it is opening up euro pairs to traders. For non-United States users, starting yesterday, the crypto exchange’s
Month: June 2019
An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect. The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s
“The open hand is blessed, for it gives in abundance, even as it receives.” Biddy Mason, Former Slave and Pioneering Entrepreneur At her death in 1891, Biddy Mason’s wealth was approximately $300,000 or about $7,000,000 in today’s dollars. More impressively, the land she owned in downtown Los Angeles is now worth hundreds of millions. Incredibly,
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters Mortgage rates are falling fast but not enough to offset high home prices. Buyers are still pulling back. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its
View Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows. Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000
While state credit quality is improving overall, that progress is still patchy regionally, according to Conning’s latest State of the States report. The report released Wednesday pointed out that the highest-ranked states were mostly west of the Mississippi River. Driven by expanding economies and population growth, Utah was named the top-ranked state, followed by Nevada
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of Salesforce jumped nearly 3% in extended trading after the software company reported better-than-expected first-quarter earnings and strong guidance for the 2020 fiscal year. The company reported earnings of 93 cents
Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on
Multiple criminal investigative agencies within the U.S. are looking into the circumstances of the now-defunct Canadian crypto exchange QuadrigaCX. According to a press release published Monday, the FBI, the Internal Revenue Service’s Criminal Investigation division (IRS-CI), the U.S. Attorney General’s office for the District of Columbia and the Department of Justice’s Computer Crime and Intellectual
Share to facebook Share to twitter Share to linkedin The $58 million penthouse, one of three unit reportedly purchased by Bezos. VISUALHOUSE Amazon founder and billionaire Jeff Bezos has reportedly purchased three separate condos in New York’s XI building for a combined $80 million, according to reports from the Wall Street Journal. The three units
A cold storage warehouse in Jessup, MD. Diana Olick | CNBC The growth of e-commerce has increased demand for warehouse space exponentially, but one subset of that real estate sector is really heating up: Cold storage warehouses and distribution centers are suddenly in high demand thanks to new food delivery services like Peapod by Giant,
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing the company’s full-year profit outlook to low-to-mid-single-digit
View Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months. This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day
Paul Burton Paul Burton is the Northeast Regional Editor for The Bond Buyer and the author of the book “Tales from the Newsrooms.” He is a sought-after public speaker and has appeared on radio and TV shows, including former CBS News White House correspondent Sharyl Attkisson’s public-affairs program, “Full Measure.”
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), June 3, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Box dropped nearly 11% in extended trading after the
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services. On Monday, the Israeli Supreme Court ordered Bank Leumi to once more allow the exchange access its services, according to a report by Finance Magnates. Bank Leumi had earlier barred Bits
Château Monlot -Saint-Émilion Grand Cru, Bordeaux Château Monlot Seven years ago, famed Chinese actress Zhao Wei was made an inductee at the renowned and robed jurade (‘brotherhood of wine’) ceremony in the French Bordeaux village of Saint-Émilion. This order of oenophiles was first established in the year 1199. In May of this year, Sue Zhang
A couple sits with a mortgage consultant in Miami. Getty Images Mortgage rates are falling unexpectedly and sharply, and that means millions more homeowners can now benefit from refinancing their loans. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage
Getty Images Bank of America cut its 2019 profit outlook for the stock market’s biggest companies on Monday, citing renewed trade tensions between the United States and two key trading partners. The bank’s head of U.S. stock strategy warned clients that the market’s price has yet to reflect the impact the dispute between Washington and
The open interest in CME Bitcoin Futures contract hit a record high last Friday. The total figure of 5,190 for the period between May 27 to June 3 represents the largest number of open interest, or contracts outstanding, in CME bitcoin futures ever and a 7 percent gain on the week prior, according to data from the Commodity
The tortured construction of Hartford’s Dunkin’ Donuts Park — marked by soaring costs for the city, the firing of the developer and a year delay in opening — has receded a bit in memory as the ballpark and its home team, the Yard Goats, host a third season, drawing fans even during a particularly rainy
Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell
You’ve heard of Initial Coin Offerings (ICOs), but have you heard of an Initial Exchange Offering (IEO)? If not, don’t worry—today we’re taking a closer look at IEO. What Exactly is an Initial Exchange Offering? An Initial Exchange Offering and an Initial Coin Offering have the same goal—to raise funds. The key differentiating factor is
Helsinki-based peer-to-peer exchange LocalBitcoins has reportedly removed the option allowing users to buy or sell cryptocurrencies in person for cash. In a Reddit post Sunday, a LocalBitcoins user pointed out the option was no longer available on the platform, though commenters some suggested the restriction might be limited to the U.S.. The removal of the
Attainable housing aims to make homes affordable at lower income levels. Adobe Stock As home prices rise across the country, middle-class Americans and first-time home buyers often struggle to find housing within their budgets. And many would-be buyers are simply not eligible for subsidized affordable housing. A new report, Attainable Housing: Challenges, Perceptions and Solutions, by
Home shoppers signed 1.5% fewer contracts to buy existing homes in April compared with March, according to the National Association of Realtors’ Pending Home Sales Index. Sales were 2% lower compared with April 2018, the 16th straight month of annual declines. Pending sales are an indicator of future closings and are therefore the most timely
Arriving in my downtown Boston office one day last month, after an early spin class, I read a surprising article about my gym. Equinox, the operator of nice (okay, high-end) health clubs, is branching out of its expertise, opening its first branded hotel and investing in a real estate project that will include co-workspace and
A Missouri judge agreed with Platte County that it’s not on the hook to repay $32 million of defaulted industrial development bonds despite the county’s pledge to annually appropriate the funds needed to cover debt repayment. While the junk-rated county prevailed in the legal case, several market participants said it’s not likely to restore the