Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling by 19 percent from its all-time high. The short-term recovery of the Dow was mainly attributed to the Federal Reserve rate, which is expected to remain stable in the range of 2.25 percent to 2.5 percent. But, another key factor may have largely affected the sentiment around the U.S. stock market throughout the
Years of growth, trillions in government bonds, and substantial capital sought from outside investors may see a U-Turn in the coming days as Japan’s prized economic policies were found to be reliant on fraudulent data. As per estimates, over 40 percent of Japan’s 56 economic policies contain errors, casting a shadow on all of the country’s analysis and reports generated over the years. Faulty Methods Research methodologies – for all their benefits – suffer from a critical point-of-failure; that of sampling a small set of respondents and basing conclusions on limited, oft-skewed responses. And it seems like an integral division
By CCN.com: Piper Jaffray has raised its price target on Canopy Growth shares from $ 40 to $ 60, sending Canopy and other cannabis-related stocks upwards. The analyst says Canopy Growth’s step into the US makes them “bullish” on the potential of the stock. The cannabis company’s shares have already surged nearly 10% today, and other so-called
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By CCN.com: Ford gave its fourth-quarter earnings call this afternoon. Despite a serious decline in interest in China and Europe, the company posted a 1% improvement over last year’s Q4 revenues as a whole, and a 2% gain for the whole year. The earnings call was launched as the markets closed with F seeing a
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Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to the data released by Beijing on Monday, China recorded a GDP growth rate
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From CCN.com: UiPath, an artificial intelligence (AI) startup first backed by Google’s CapitalG fund in 2018 will shortly, according to leaked reports, achieve over 5000% growth. Business Insider sources claim UiPath, also backed by Sequoia Capital and Accel, is set to hit $ 200 million annual recurring revenue (ARR). ARR is a metric used by software-as-a-service
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Ed Tilly, the CEO, president and chairman of the largest U.S. options exchange, Cboe Global Markets (CBOE), believes the growth of Bitcoin (BTC) as an investible asset class is hamstrung by the lack of exchange-traded notes (ETNs) currently available. At a luncheon on Wednesday, Tilly discussed the current growth of the Bitcoin futures market, indicating that trading […]
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Germany’s economy has witnessed slower growth than usual, according to data released from the Federal Statistics Office (Destatis). The data shows the country has been consistently growing for the past nine years, but the rate has slumped in the past 12 months. While the country’s GDP grew by 2.2 percent in 2017, it fell to … Continued
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Canadian cannabis company Canopy Growth has been granted a license to produce and process hemp in New York. This quickly following the US farm bill, which legalized the production of hemp in the US. Canopy shares are rising on the Nasdaq and inspiring rallies in other so-called “pot stocks.” Canopy Growth to Open $ 150 Million
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Gong-pil Choi, the director of the Korea Institute of Finance, said that custody in crypto is crucial in eliminating hacking fears and facilitating the growth of the market. The Korea Institute of Finance, an agency that works with the government to research and evaluate financial policies to bolster the country’s financial sector, has emphasized that
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According to an Iranian official, the integration of blockchain technology and cryptocurrencies could provide a much-needed boost to the country’s economy, per reports on the Tehran Times. Alireza Daliri, a Deputy for Management Development and Resources at the Vice Presidency for Science and Technology, stated that blockchain technology could provide Iran with a platform to
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Social media platform Honest Cash has activated 200 new users and added a few new features, according to its creator Adrian Barwicki. News.Bitcoin.com reported on its initial launch during the last week of November, when the blogging platform started with the first 100 registrants.
Auditors KPMG have published a report stressing the need for institutional investors to join the cryptocurrency industry. The report outlines the importance of cryptoassets as an investment alternative and how institutional investors can take part in the process.
‘Digital Assets Have Potential, Institutionalization Needed to Scale’
In the report, released Nov. 18, the Netherlands-based firm said a new world of finance is emerging in which transacting in digital assets may become standard operation. “Cryptoassets have potential,” KPMG wrote, in the report titled ‘Institutionalization of Cryptoassets.”
2018 was meant to be the year of security tokens. The number of projects seeking to launch security token offerings (STOs) would mushroom, we were told, and a string of accredited trading venues would emerge where these instruments could be exchanged. The release of two new reports into the STO market provides an opportunity to reflect on whether security tokens have lived up to the hype.
When we think of Bitcoin adoption, we tend to focus on the price rally that will no doubt come with it. When people in the mainstream start using Bitcoin to buy normal products, the price of Bitcoin will fly as more people start to buy and spend it. Of course, one drawback of adoption is that eventually, this rally will come to an end and many believe that once Bitcoin does hit the mainstream, it’s price will finally become more stable, otherwise, why would anyone bother using it to make everyday purchases?
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.
As Digital Payments Rise, Leading African Economies Trade Cautiously on Cryptocurrency
The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa.
The price of Tether (USDT), a crypto stablecoin backed by the US dollar pegged to $ 1, has fallen by around 4 percent in the past 24 hours to $ 0.96. As USDT fell, it became more expensive for traders to purchase major cryptocurrencies like Bitcoin and Ethereum with USDT, pushing the premium of cryptocurrencies up on
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The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk
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A recent report by Bank of America Merrily Lynch asserts that rising oil prices stand as a non-trivial threat to global economic growth. If oil prices head above $ 100 a barrel, it could reduce global growth as much as 0.2 percentage points next year, according to the report. However, this outcome is largely dependent on the […]