A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value. In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power. The mining reward is currently set at 25 litecoins ($2,500)
Month: August 2019
This diagram shows the cutaway of a house with a sprinkler system. Drawing courtesy of The Home Fire Sprinkler Coalition Every day on the news you see another house going up in flames. People’s total belongs gone in a flash, lives lost. One simple solution to this problem is the installation of fire sprinkler systems.
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage demand dropped to its lowest level since March, even though interest rates were much higher back then. Overall volume for mortgage applications fell 1.4% last
Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc. Steve Karnowski | AP After shakey earnings for oil producer EOG Resources, the company’s stock is well-positioned to outperform, according to Mizuho Securities. The firm maintained its buy rating and $122 price target on EOG
After forging new heights this year throughout the first six months of this year, Bitcoin went through incredibly tough times throughout the month of July. In July, the price fluctuated violently as a range of extraneous factors did not allow the token to move beyond a certain level, while the price plunged significantly post recoveries
Puerto Rico’s House voted in favor of the outgoing governor’s chosen successor, Pedro Pierluisi, keeping his nomination alive for now. Pedro Pierluisi Bloomberg News But confirmation by one of the island’s two chambers will do little to ease uncertainty about who will become Puerto Rico’s next governor when the current one —forced out by weeks
The No. 1 registered investment advisor in America is annoyed about the state of investment advice in this country. “There is an amazing amount of silly beliefs and bad investment advice floating around,” Ric Edelman, founder and chairman of Edelman Financial Engines, told me during an interview at the New York Stock Exchange. Ric was
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected
According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will
Cryptocurrency exchange CEX.io now operates in 31 U.S. states and the District of Columbia. Since launching a U.S. office early in July, the London, U.K.-based firm says its compliance team has been working with regulators to satisfy the required checks and audits and be granted money transmitter licenses in the new states. Following that effort, the company
Storage unit renter carrying a box of belongs Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to
The future for Hong Kong’s property market is bleak, according to a commercial real estate services researcher. That “dim outlook” on the city’s property comes amid a possible U.S. recession and China-U.S. trade tensions, Denis Ma, head of research at Jones Lang LaSalle, said Tuesday. “If you look at Hong Kong’s property market, historically, basically
Bill Murray and Warren Buffett Arnold Jerocki | GC Images | Getty Images; Adam Jeffery | CNBC Two American icons hung out in an Omaha, Nebraska ice cream shop on Thursday afternoon. Billionaire investor Warren Buffett sat down for ice cream with actor and comedian Bill Murray at Ted and Wally’s, a store in Omaha’s
As of today, August 1, Bitcoin has 85% of its supply in circulation. This means there are only 3.15 million new coins left to be mined for the next 120 years. Bitcoin is currently trading at $10,044 USD according to CoinMarketCap. Bitcoin Supply Data from monitoring resource Blockchain said that earlier today, Bitcoin miners extracted the “17,850,000th
View Bitcoin could rise to $10,500 in the next 24 hours or so, as the 4-hour chart is looking more bullish. A break above $11,120 is needed to revive the short-term bullish outlook, though. Some expert believe the just-announced U.S. Fed interest rate cut could bode well for BTC in the long-run. Bitcoin (BTC) has
The upward outlook tick on one of Illinois’ ratings carries a bigger bang in the market than it would for other states, given its low investment grade standing and investor concerns about trading volatility that moves in tandem with headlines. Fitch Ratings on Wednesday raised its outlook to stable from negative on the state’s BBB
What’s the setup for August? Likely more volatile than July. Fed chairman Jerome Powell threw a modest curve ball at the market Wednesday when he did not automatically endorse additional interest rate cuts. If there is one thing that has made it easier for the bulls to stay bullish, it is the direction of rates.
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell.
In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Trading
Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Image via
A Redfin yard sign outside a home in Seattle, where the company had its headquarters. (Stephen Brashear/Getty Images for Redfin) Getty Better than expected second quarter earnings lifted shares of discount real estate brokerage Redfin in after trading hours Thursday. Revenue for the quarter was $197.8 million, up 29% from a year ago. While the
Sheryl Palmer, CEO, Taylor Morrison Home Corp. Scott Mlyn | CNBC It didn’t take long, but the build-for-rent space is starting to get a little crowded. Scottsdale, Arizona-based Taylor Morrison just announced a partnership with Christopher Todd Communities, also based in the state, to build single-family, rent-only communities. It’s part of a trend of builders
Michael Novogratz Anjali Sundaram | CNBC Bitcoin bull Michael Novogratz is seeing the same rush of enthusiasm toward Beyond Meat that came at the height of the crypto bubble. The former Fortress hedge fund manager said while big ideas — like new alternatives to animal meat and money — capture people’s attention, they can also
View Bitcoin looks set to end its five-month winning streak with prices currently down 9 percent from the monthly opening price of $10,759, according to Bitstamp data. A low-volume price breakout seen on 4-hour chart indicates BTC may have a tough time scaling key resistance at $10,235 in the next few hours. Long-term charts retain
Illinois got rare good rating news Wednesday when Fitch Ratings revised its outlook to stable from negative after an April tax windfall that set the table for an improved fiscal 2019 and 2020 budget picture and pushed rating threats to the backburner, at least for now. Fitch affirmed the state’s BBB rating, two notches above
A Fitbit display at a Target store in Los Angeles. Getty Images Check out the companies making headlines after the bell: Shares of Fitbit plummeted as much as 21% in after-hours trading after the maker of health and fitness devices cut its guidance for the next quarter. In its second-quarter earnings report, the company said,
According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues. LedgerX Launches Bitcoin Futures Contracts LedgerX is now the first Bitcoin futures provider in the US that offers physical
A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s
The Home Improvement Research Institute is bullish on 2019, according to its latest findings released last week, and supported by other industry professionals and watchers. According to HIRI’s quarterly Project Sentiment Tracking Survey of 3,000 homeowners, this is what’s ahead for the rest of the year. Kitchens are projected to be among the top spaces
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