The price of Ethereum (ETH) dropped to $123 from $142 in the last 48 hours, which is more than a 10% drop against the dollar. At the start of the year, the coin was trading at $130 across all cryptocurrency exchanges. The latest drop leaves the coin in the net negative this year, in contrast
Month: December 2019
In the latest clash between the Trump administration and Congress over aid to Puerto Rico, lawmakers have succeeded in increasing Medicaid funding and imposed a new mandate to dispense $10.2 billion in disaster mitigation aid. But the White House has shortened the enhanced Medicaid formula funding to two years from a proposed four years and
Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it’s slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain. Tradeshift Frontiers, the innovation division of the Goldman Sachs-backed unicorn, represents invoice values as tokenized IOUs between buyers and sellers and then settles them in
Kyber Network, the ethereum-based protocol focused on aggregating liquidity and facilitating swaps for ERC-20 tokens, is about to launch a major upgrade. Planned to go live in Q2 2020, the Katalyst upgrade is a major upgrade to the Kyber protocol to better meet the liquidity needs of the decentralized finance (DeFi) ecosystem. Currently, the Kyber
A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share
All signs point to an uptick in new home inventory in 2020. Getty The new year is shaping up to be a good one for homebuyers—at least those interested in buying new homes. Not only are homebuilders more confident in the market than have been in 20-plus years, but recent construction numbers are surpassing expectations.
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images There was no meaningful move in mortgage rates last week, so there was no particular reason for consumers to make a move. Total mortgage application volume fell 5% from the previous week, according
It’s breakfast time in Flaxville, Montana. The thermometer says it’s four degrees, but the Weather Channel says it feels like minus 3. Paul Kanning is trudging through the snow to grain bins on his nearly 3,000 acre farm. One is stuffed with dry yellow peas. “I don’t know where they’re going yet this year,” he
The year started off impressively for many cryptocurrencies but none of that seemed to affect the price of XRP, and Ripple, the company which owns the biggest number of XRP, has been blamed by many in the crypto community for this state of affairs. In a new development, the Chief Technology Officer at the fintech
The first six months of the year were a remarkable time for the crypto space, as Bitcoin (BTC) went on a rally that was reminiscent of the one that had taken place in 2017. However, times have proven to be a lot tougher since then, and over the past few weeks, the world’s biggest cryptocurrency
The Federal Reserve should keep interest rates on hold next year unless there’s a material change in the outlook for the U.S. economy, Dallas Fed President Robert Kaplan said. “I’ve already got baked into my outlook, we’re going to have weak manufacturing next year, sluggish global growth, pretty sluggish business investment, but with a strong
“Using the U.N.’s IRIS standards as the benchmark for reputable agencies, we are confident that the tool can help to strike out these unethical practises,” said Mark Blick, Diginex’s head of government solutions. “In Hong Kong, foreign domestic workers are some of the most economically vulnerable people in our society and pay approximately HK$700,000,000 [approximately
“When I learned about bitcoin, it struck me as an engineering solution to what I saw as a whole group of intractable political problems – misaligned incentives, rent-seeking behavior, disrespect for privacy rights,” he said. In 2018, he joined the crypto team at Kobre & Kim, a boutique law firm that specializes in fraud and
Shantanu Narayen Mark Neuling | CNBC Check out the companies making headlines after the bell: Shares of Adobe jumped more than 2% after the company posted a fourth-quarter earnings beat. The software company posted earnings of $2.29 per share on revenue of $2.99 billion, exceeding the earnings of $2.26 per share and revenue of $2.97
In general, our properties lost less value, experienced fewer foreclosures, and gained pricing … [+] traction more rapidly than those in other parts of the country. Getty Whither the real estate market in 2020? In recent days I have read a number of rosy predictions from brokers living in a different reality from mine in
A bag of Tyson Foods Inc. frozen chicken is arranged for a photograph in Tiskilwa, Illinois, U.S., on Thursday, May 5, 2016. Tyson is scheduled to release earnings figured on May 9. Bloomberg | Bloomberg | Getty Images Shares of Tyson Foods rose more than 2% on Monday after Reuters reported the meat processor received
The wild growth of the crypto sector has been nothing short of a miracle despite the many pitfalls, but that has also resulted in the emergence of tokens that might not be completely above board, and one of those is HEX. The token is widely believed to be part of an elaborate scam, and in
Many investment firms have been touting new products as socially responsible. Now, regulators are scrutinizing some funds in an attempt to determine whether those claims are at odds with reality. The Securities and Exchange Commission has sent examination letters to firms as record amounts of money flow into ESG funds. These funds broadly market themselves
With markets still digesting Friday’s news — the overwhelming victory of Boris Johnson in the U.K., which gives Brexit a green light, and the phase one agreement of a trade deal with China — one thing is clear: the Federal Reserve will keep rates steady. Although it’s too soon to determine the impact of the
A second topic, derivative of the first, is looking at how regulation will evolve in the U.S. to the extent that a token falls outside of the securities laws. Platforms that facilitate the trade of digital commodities are currently subject to a patchwork of state regulation that largely treats the exchange of virtual currencies as money
To be eligible, citizens will first have to sign up to PetroApp, the official government crypto wallet that launched back in May. The only platform that supports the oil-backed cryptocurrency, PetroApp is designed to allow users to purchase goods and services from their phones, as well as for standard transfers.
Check out the companies making headlines before the bell: Oracle (ORCL) – Oracle beat estimates by 2 cents a share, with quarterly profit of 90 cents per share. The business software giant’s revenue fell short of Wall Street estimates and its current-quarter earnings outlook falls largely below Wall Street forecasts. Separately, Chairman Larry Ellison said
In 2019, an estimated 7.7 billion people are looking for new ways to achieve one of the few truly … [+] shared dreams of all mankind. A place to call home. Getty Advances in technologies have the potential to impact our lives in many profound ways, from the coffee you drank this morning that has
Fashion District mall in Philadelphia Diana Olick | CNBC Millennials may have fled the malls, but brick-and-mortar retail is apparently more appealing to Generation Z. People born between 1997 and 2010, particularly the teens in that group, are becoming big spenders, and they like to do a lot of that spending in actual stores, according
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images A lot can happen in a decade. Since 2010, the S&P 500 has returned nearly 185%, an impressive gain for the bellwether stock index. While the
Over the past few years, a wide range of new Bitcoin-related investment products have been brought to the crypto market, and the company at the forefront of this has been Bakkt. In a new development that could also have far-reaching implications for the crypto space, the company has now gone launched its Bitcoin options and
While volume for the last full trading week of 2019 is on the decline from previous weeks, the calendar still boasts an above-average $6 billion of new deals. Primary marketThe Dormitory Authority of the State of New York dominates the new issue slate with its sale of $3.2 billion of general purpose personal income tax
What’s more, students are recognizing the enormous potential of the industry and demanding education for a way in. In the past year, student interest in blockchain education doubled compared to the year prior. The 70+ student-run blockchain organizations across 16 countries include some top higher education institutions including UCLA, UCSB, UC Davis, Duke, University of
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Gary Gensler is a professor at the MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative. He was
President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 8
- Next Page »