The Dow and broader U.S. stock market tread water on Monday, as traders remained on the sidelines in anticipation of a slew of high-profile events later in the week. Dow Edges Higher; S&P 500 Falls Wall Street’s major indexes hovered right around break-even on Monday, which reflected a tepid pre-market for Dow futures. The Dow Jones Industrial Average edged up 15.24 points, or 0.1%, to 26,734.37. The blue-chip index was up by as much as 87 points. The broad S&P 500 Index of large-cap stocks slipped 0.1% to 2,947.06. Losses were mainly concentrated in energy, health care, and consumer discretionary
By CCN Markets: The impending Donald Trump-Xi Jinping meeting in Japan promises to be the blockbuster event of the summer, at least so far as the stock market is concerned. As equities teeter on the cliff’s edge, investors must grapple with multiple possible outcomes when the market opens on Monday. Both the bullish and bearish scenarios could be equally dramatic for the Dow Jones and S&P 500. Here are five factors to consider as Trump and Xi gear up for their trade war parley. 1. Wall Street Betrays Rabid Desire to Pump Stock Market Higher One of the most extraordinary
The price of NEO (NEO), a Chinese-based blockchain platform, hit a 1-month high today as the project prepares for the upcoming Seattle DevCon event on February 16. NEO is now up 17.3% over the last week to $ 8.39, bringing the project to a $ 545.4 million market cap. Seattle DevCon 2019 Significant interest surrounds the upcoming […]
The bitcoin price on Monday depreciated as much as 4.74 percent against the US dollar after breaking out of its two-week long consolidation period. At 20:00 UTC on Coinbase, BTC/USD was trading at $ 3,415, down 3.31 percent from today’s opening rate. The pair confirmed a downside break of its near-term bearish pennant formation. As it did, it also broke below a crucial support level at $ 3,460, which had capped a strong downside action on November 25, 2018. Bitcoin’s Technical Outlook Remains Weak Technically, the breaking of a bear pennant formation to the downside signals an extended selling action. It eventually
Overstock has promoted Joel Wright to chief operating officer of Medici Ventures, the company’s blockchain venture fund.
News emerged from the White House on Monday that Ivanka Trump, daughter of US President Donald Trump, is to play an essential role in the identification of the US candidate for the recently vacated position as World Bank President. There are reports circulating that Ms. Trump herself has been under consideration for the role. These
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According to a report by Techcrunch, Robinhood, the zero fee trading company based in the United States, is making plans to open an office in London and it has started recruiting to that effect. Various sources in and within London’s FinTech market have confirmed that Robinhood, which was launched back in 2013 and is valued
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Stock indices including the Dow traded higher after Wednesday’s open and were on track for their fourth consecutive daily advance, as sentiment around U.S.-China trade negotiations improved following the conclusion of mid-level talks in Beijing. Recovery Continues All of Wall Street’s major indexes were holding onto firm gains as of mid-morning, with the Dow Jones
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Jamie Dimon — the anti-bitcoin CEO of JPMorgan Chase — says a global recession is not coming, so everyone needs to “take a deep breath” and chill out. Dimon said the Dow and other stock market indices are merely experiencing a temporary hiccup, but that doesn’t mean the US economy will slide into a recession anytime soon.
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Cryptocurrency exchange HitBTC has frozen its customers’ accounts ahead of an annual proof of keys event, according to multiple sources. On December 31, 2o18, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after
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Bitcoin price on Friday corrected 5% from its intraday high at $ 4,172, hinting that the ongoing uptrend is close to exhaustion. The Bitcoin-to-Dollar pair found a compelling resistance area near $ 4,000 that reversed the breakout attempts on four separate occasions today. To the downside, the area near $ 3,880 provided similarly strong support to keep the
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Despite the price declines that cryptocurrencies have endured this year, an ex-Goldman Sachs executive is still optimistic about the future of digital assets. Greg Tusar, who is a former global head of electronic trading at the New York-based financial giant, likened the current state of the crypto market to the ‘early days of trading equities
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The bitcoin price on Tuesday nursed extensive losses of over 12 percent against the US dollar, stabbing through $ 5,000 as it did. BTC/USD Intraday Analysis The BTC/USD index is currently trading at the 4513-fiat price level after a minor jump from its intraday low at 4035-fiat. The knee-jerk reaction after a massive sell-off does not confirm
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All eyes were on the Bitcoin Cash network today as the blockchain split into two after the last common block was found on the chain at height 556766. So far both chains have been chugging along, but at the time of writing, the ABC side is well over 50 blocks ahead of the SV chain.
In August, the SEC announced that it would review the denials of Bitcoin (BTC) ETF proposals made by ProShares, GraniteShares and Direxion, as the original decisions were actually made staff members and not the actual Commision. According to recent SEC filings, the deadline for comments regarding the decision has finally come, and all statements must be submitted […]
Litecoin (LTC) is not likely to begin a new bear trend but there is still a strong likelihood of significant sell off. The above chart for LTC/USD shows that Litecoin (LTC) has now completed two similar patterns since the beginning of the year. In the first part, Litecoin (LTC) breaks a trend line and falls below it to form a double bottom. After that, it breaks the double bottom and falls again to trade along another trend line. As we can see on the chart, it has now broken that trend line just like it broke the trend line before it. Similarly, it has also formed a double bottom and now risks breaking an important support to fall again.
West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward.
Earlier this year, Bitcoinist reported on West Virginia’s ambitious plans to bring blockchain to voting. In late March, state officials announced an initiative with a Boston-based technology startup, Voatz, that would allow those who fall under the Uniformed and Overseas Citizens Absentee Voting Act cast their ballots thanks to blockchain.
While Bitcoin (BTC) remains bear biased, Tron (TRX) and Augur (REP) recorded solid 5 percent gains against both BTC and the US dollar. The volume of Bitcoin has failed to recover from the low $ 3 billion region, down more than 30 percent since late September. Subsequent to falling by around 4 percent from $ 6,600 to
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US cryptocurrency exchange and wallet provider Coinbase confirmed it would open trading for decentralized Ethereum token trading platform 0x’s native ZRX token on Coinbase Pro.
Coinbase Opens ZRX Deposits
In a blog post and tweet, officials revealed ZRX would fast go live on the Coinbase Pro professional trader platform, with Coinbase.com and apps to follow later.
As of now, Coinbase Pro users are able to deposit ZRX, with trading set to commence once “sufficient liquidity” has been reached, Coinbase said.
“One of the most common requests we receive from customers is to be able to trade more assets on our platform,” the exchange summarized regarding the move.