The Dow Jones Industrial Average received a huge boost today as Goldman Sachs reported higher than expected earnings for the fourth quarter of 2018. Goldman Sachs delivered adjusted earnings per share (EPS) of $ 6.05 against analyst’s predictions of $ 4.53. Its revenue hit $ 8.08 billion exceeding analysts forecasts of $ 7.54 billion. The bank’s stocks have surged
Running a crypto-based financial service in the US is becoming difficult due to unconventional legal costs, cryptocurrency exchange Kraken indicated in its latest “transparency report.” Crypto Exchange Kraken Says Government Inquiries Tripled in 2018 The US-based crypto exchange, which additionally operates in Canada, Europe, and Japan, reportedly received 315 subpoenas from US law enforcement agencies, … Continued
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The US stock market posted huge losses ahead of the holiday close as investors absorbed the Federal Reserve’s interest rate hike and a bunch of other bearish economic data. White House trade advisor Peter Navarro said Friday that the trade war between the US and China would not come to an end in near-term. He
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Japanese cryptocurrency mining company GMO Internet Group released its monthly update for October on Nov. 5. The report shows a huge increase in the amount of bitcoin cash extracted – 875 coins, from zero in September. Altogether, the company earned about $ 3.85 million from mining BTC and BCH during the period under review.
The company behind the third biggest digital currency, Ripple has been on a charm offensive to rope in as many RippleNet customers as they can. This effort has seen customers of the company explode and grow too big numbers. Currently, the San Francisco based company has over 200 customers under its belt.
Many people already are aware that Ripple is the innovative firm behind XRP. from XRP’s point of view, it has seen some massive share of growth especially in terms of markets capitalisation. Nevertheless, there hasn’t been much activity in its price range over the last week, but that could change soon. As was expected, Ripple’s success in bringing in more customers could be a great bonus for the third biggest crypto.
Herman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to five years to mature.
It was announced today that three new collections of index were launched for digital currencies, according to Circle Invest.
Senior Vice President at Circle Divya Agarwalla, posted on the companies blog that ‘buy market feature’ was very successful and that more than 30%of our users were taking advantage of it according to CCN. Circle released this feature in May in order for customers to purchase cap-weighted positions in the asset listed on the platform.
Investment platform Circle have announce their latest cryptocurrency offering, with the new listings of EOS, Stellar, 0x and Qtum, bringing the total amount of cryptocurrencies available on Circle up to 11.
Who are Circle Invest?
Circle Invest manage the Circle investment platform, an open and free cryptocurrency investment platform that allows anybody to invest in cryptocurrency. Backed by Circle Pay, an SMS based money transfer service and backed by the Poloniex cryptocurrency exchange, Circle is a growing entity, one that is starting to have a real presence on the crypto standings.
FOMO fever (fear of missing out) is once again spreading among investors after a bearish month for cryptocurrencies has turned into a price surge. Ripple (XRP) has seen the biggest gains among top 50 coins rising 42% to $ 0.46 over the past 24 hours while Stellar (XLM) came in second at 20% to $ 0.24 in early Friday trading.
Other notable increases were seen from Cardano (ADA) at 18% to $ 0.08 and Qtum (QTUM) at 17% to $ 3.94.
Investors may want to mark their calendars on Sept. 30 and Nov. 5 for potential spike in Bitcoin’s value because wider acceptance of BTC could be on the line.
On Sept. 30, the Securities and Exchange Commission (SEC) will rule on whether to approve the VanEck SolidX Bitcoin Trust Exchange Traded Fund (ETF). (Here’s their application.) This year, the U.S. financial regulator disapproved prior ETF applicants but there’s mounting pressure from Corporate America to bring cryptocurrency to the masses.
When you think of IBM, chances are you probably think of Stellar? It’s common knowledge that IBM are working with Stellar to integrate themselves into the blockchain industry. The IBM blockchain is one that is sure to be influenced by the Stellar ecosystem and the two firms are now working hand in hand to make blockchain more accessible.
Within IBM’s latest announcement ‘IBM Blockchain World Wire’ the status of Stellar has once again been confirmed.
Coinbase, known for their prowess within the cryptocurrency exchange industry and now it seems, for their prowess as a research group, one that has unveiled some interesting data with regards to the future of cryptocurrency in education, which in turn could have a big impact on cryptocurrency adoption in the future.
According to a new report, Coinbase have partnered with Qriously, a renowned research team in order to gain an insight into how cryptocurrencies are impacting higher (university level) education.
Over 2.2 Million Businesses and users can now accept $ TRX as a payment method! This huge step toward cryptocurrency adoption will support #TRON rapid growth and offer more freedom to the #TRX holders! @CoinPaymentsNET @tronfoundation https://t.co/gY2GY6V4VF
— Justin Sun (@justinsuntron) August 23, 2018
The adoption of TRON’s TRX has seen a huge boost recently with a new listing on the Coinpayments platform that will allow for the spending of TRON TRX across a network of over 2.2 million businesses.
According to reports, a number of prolific Ethereum Stakeholders are set to meet this afternoon at 14:00 UTC. The meeting is set to be live streamed here and will be used to address a number of plans and implementations that have been established on the Ethereum network. It is also expected that the meeting will allow stakeholders to discuss further improvements, some of which are likely to stir up some controversy, but then cryptocurrency wouldn’t be cryptocurrency without a clash of opinions would it?
CoinMarketCap is pleased to be partnering with @TradeVela to bring our trusted cryptocurrency data to institutional clients! We will be providing the crypto data in their SuperFeed. Read our press release here at: https://t.co/IWbEw4jEy8
— CoinMarketCap (@CoinMarketCap) August 22, 2018
Coinmarketcap.com (CMC) is one of the industries best pals for when it comes to market and trend data. CMC exists on an easy to use website and mobile app that makes crypto data research as easy as it can be.
eToro, the FOREX platform come crypto trading platform have signed a huge advertising deal that will see the platform sponsor seven of England and Wales’ Premier League football teams. This is important for cryptocurrency adoption as it is set to expose a number of people to the idea of cryptocurrency and Bitcoin and may of course encourage some new investment, through the eToro platform.
It’s good news for eToro, but better news for the wider cryptocurrency community.
As Bitcoin mining becomes more expensive and is criticized as being detrimental to the environment, several initiatives are being put forward to reverse this situation. The latest move comes from Brookstone Partners, which involves building a 900-megawatt wind farm in Morocco dedicated to mining Bitcoin.
Bitcoin Mining To Minimize Carbon Footprint
Critics have always argued that Bitcoin mining is a threat to the environment. They point out that cryptocurrency mining consumes huge amounts of electricity, often citing the fact that the Bitcoin network consumes more power than the Republic of Ireland.
Fundstrat Global Advisors’ Managing Partner and Chief Analyst Tom Lee said that the current Bitcoin price is giving a “huge bull signal”.
Tom Lee on Sudden Spike in Bitcoin Price
After a week of trading in the range between $ 6150 and $ 6750, Bitcoin (BTC) 00 broke out, surging past $ 7000 in roughly around five minutes July 17, reaching highs above $ 7500 on some exchanges.
While many are still trying to figure out the exact catalyst of the sudden movement in the price of the largest cryptocurrency, Lee says it’s a combination of both TA and positive news.
Despite the risks involved with investing in the still nascent cryptocurrency market, one chief security scientist believes that cryptocurrencies are still “absolutely a good thing” — they’ve just got some work to do.
‘The Trend is Obviously Not Our Friend’
CipherTrace — a company developing forensic tools and services for the Bitcoin, blockchain, and cryptocurrency markets — recently conducted a study which shows that the direct theft of cryptocurrencies is already three times more in 2018 than the entirety of the previous year. The report also suggests that losses may rise to $ 1.5 billion this year.
Even though all cryptocurrencies are still in the green over the past 24 hours, it remains to be seen how long this situation can last. Some of the earlier gains have been eradicated already for most coins. The Cardano price, on the other hand, is still surging full steam ahead during these curious times.
The Cardano Price Trucks Along Nicely
With all of the top cryptocurrencies in the green on a Saturday, a very peculiar situation is created. Albeit there should be plenty of optimism among market watchers, there is also a sense of impending dread. The year 2018 has shown all speculators how no price gains go unpunished for very long.