Bitcoin (BTC) has been in the middle of a rollicking bull run for 2019 so far, and the virtual currency has managed to touch levels that would not have been thought possible last year. However, the announcement from Facebook about the launch of its own cryptocurrency Libra proved to be a new disruption of sorts
Month: July 2019
View Bitcoin suffered a significant drop in the last 24 hours, but the higher-lows pattern on the daily chart is still intact and the outlook remains bullish. A daily close below the June 2 low of $9,615 would invalidate the bullish higher-lows pattern and confirm a bearish reversal. The case for a drop to $9,615
The U.S. stock market may be roaring nowadays, but you don’t have to look far to see that most Americans aren’t exactly rolling in dough. A recent Washington Post article notes 40% of Americans struggle to pay the bills. Moreover, the U.S. workforce is older than ever before, with 20% of those older than 65
Demographic constraints that challenge Vermont’s long-term revenue picture cost the New England state its lone remaining triple-A rating. Fitch Ratings downgraded the Green Mountain State’s general obligation bonds one notch to AA-plus Thursday citing slower growth prospects amid an older population with limited chances at near-term growth. A scene in Strafford, Vermont, where the state
Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo at its roll out in the Mojave Desert, about a year and a half after Virgin’s last rocket plane broke into pieces and killed the test pilot. Al Seib | Los Angeles Times | Getty Images There’s lots of excitement that tech superstar Chamath Palihapitiya’s
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With a potentially negative earnings season looming, investors see easy Fed policy as the security blanket the stock market needs as it breaks to new highs. The thinking is that there is a ‘Fed put’ on the stock market, meaning
BitTorrent Token (BTT) has taken a significant hit in recent weeks after hitting peak levels in May. While a crash to new lows against Bitcoin (BTC) is a point of concern, the software company behind the token is already looking into the future. BitTorrent Speed The TRON subsidiary has launched BitTorrent Speed, a new crypto
A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days. That would be the
Deborah Berke Winnie Au For the first time in U.S. history, four of the Ivy League Deans of Architecture are female. Among them is Deborah Berke, the first female leading the department at Yale University. Berke has been a faculty member at the college since 1987 and took over as dean in 2016, following Robert
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 11, 2019. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell echoed what most in the homebuilding industry have been complaining about all year. While the nation sinks into a severe
The stock market is concerned about the economic views of far-left Democratic presidential candidates, Wall Street veteran Byron Wien told CNBC on Thursday. “The market is afraid of the more progressive Democratic candidates” who are promoting higher taxes on the rich and ambitious climate change goals, said Wien, vice chairman of private wealth solutions at
View BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880. A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000. A high-volume UTC close below $12,000 would invalidate
Goshen Health, a rural Indiana hospital that has bucked the negative trends experienced by many of its counterparts nationally, will sell $70 million of debt Thursday to finance a four-story patient tower. The bonds will sell through the Indiana Finance Authority and are secured by a gross receivables pledge. Barclays is the senior manager. The
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images The S&P 500 tops 3,000. What a difference five years makes. The S&P has moved 50% in less than 5 years, from 2,000 on August 26, 2014, to
The U.S. energy industry has halted about a third of Gulf of Mexico oil production and expects more disruptions, as the industry braces for the first hurricane of the year. The approaching storm, which was still forming over the Gulf Wednesday, was expected to head into the Louisiana coast by Saturday, dumping a large amount
While responding to an allegation that Tronfoundation and BitTorrent are involved in a billion-dollar Ponzi-scheme scam that defrauded thousands of investors in China, Justin Sun, TRON’s CEO, says both companies are “fine.” According to the CEO, preparations were being made to launch BitTorrentSpeed on July 8, so people should stop publicizing fake news and pictures.
Metropolitan Commercial Bank maintained accounts for stablecoin issuer Tether and affiliated companies for less than half a year before shutting them down, a spokesperson told CoinDesk. The New York Attorney General (NYAG)’s office, which is embroiled in a legal battle with Tether and its sister company, crypto exchange Bitfinex, filed new documentation Monday showing that Tether
tall buildings in new york city. (Photo by: Education Images/Universal Images Group via Getty Images) Universal Images Group via Getty Images A third of the active New York City sales listings on StreetEasy received price cuts as of mid-June, according to a new report from the site, but the discounts probably won’t yield more buyers,
A real estate agent shows a prospective home buyer a house for sale in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage demand has been more than muted for the last several weeks, even as rates sit near two-year lows. Mortgage application volume fell 2.4% for the week last week, according to the
Federal Reserve Chairman Jerome Powell was asked by Congress on Wednesday whether the recent strong U.S. jobs report changed his outlook on the economy and interest rates. “The straight answer to your question is no,” Powell said. “I think since the June meeting and even for a period before that the data have continued to
The GBTC (Grayscale Bitcoin Trust) has made a massive move this year with a gain of 250% and outperformed all other assets classes. Over the past few years, Bitcoin has become one of the most intriguing investment opportunities for thousands of people across the world, and it is only natural, considering the sort of highs
A sales tax increase for New York’s Westchester County should provide new recurring revenue to restore structural balance after years of weak reserve levels, according to S&P Global Ratings. The suburban county on New York City’s northern border will raise its sale tax rate one percentage point to 8.375% on Aug. 1. The move follows
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters When Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday and Thursday, he is expected to talk about slowing economic activity and increased risks, showing that the
The Scottish craft beer company BrewDog has announced it will be extending its groundbreaking cryptocurrency investment program “Equity for Punks” until April next year. The program, which was originally intended to end on July 5 this year, allows investors to buy BrewDog shares using a variety of cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Ripple
View Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880. Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time. Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices. A
The building shell of Archway Studios is made from weathered steel that fits in with the industrial nature of the area. With limited surrounding area views, a large skylight was fabricated to add views of the sky and distant treetops. It also floods Photo courtesy of Candice Lake for Prefabulous World, published by Abrams Some
Prospective homebuyers in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again. The housing shortage that
Chamath Palihapitiya Olivia Michael | CNBC Silicon Valley venture capitalist Chamath Palihapitiya, an early investor in bitcoin, is still crazy about the cryptocurrency. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya said in an interview Tuesday with CNBC’s Squawk Box. “Whether you support the fiscal and monetary policy or not, it doesn’t
View BTC could rise to key resistance at $12,061 in the next few hours, as the hourly chart is reporting a symmetrical triangle breakout. A high-volume break above $12,061 would invalidate the bearish lower-highs pattern and open the doors to the recent high of $13,880. However, a break with low volumes could turn out to
The Puerto Rico Oversight Board sued Gov. Ricardo Rosselló over unauthorized spending and lack of financial discipline, part of a conflict that one analyst said augurs a poor fiscal future for the commonwealth. The board’s action came last week when it filed an adversary proceeding in the Title III bankruptcy court, the U.S. District Court
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