The Dow teetered toward a loss on Wednesday after President Trump exposed a lack of confidence in the state of trade negotiations with China. Trump’s unexpected remarks overwhelmed DJIA components with substantial ties to the world’s second-largest economy. Dow Slumps, Market Fails to Regain All-Time Highs The US stock market failed to regain its all-time […]
Dow Jones futures struggled for traction on Wednesday, pointing to a flat open on Wall Street. Traders are yet again weighing the impact of a trade war as China moves towards a hard-line stance on negotiations. It comes just a day after Trump said there was “a long way to go” and threatened further tariffs. […]
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CHENGDU, China, July 11, 2019 — BHPA, Inc. (OTCMKTS: BHPA) (“BHPA” or the “Company”), an emerging leader in the cryptocurrency cloud mining marketplace, is excited to announce that it has been approved by the Financial Industry Regulatory Authority to trade under the ticker “BHPA” OTC Markets Group (the “OTC”), as of July 8, 2019. Investors […]
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The US markets will remain closed on Thursday while Americans celebrate the Fourth of July Independence Day holiday, ensuring that the Dow Jones Industrial Average and other major stock indices will enjoy the new all-time highs they set on July 3 for at least one more day. However, when Wall Street returns to action […]
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White House Trade Adviser Peter Navarro told CNBC that the Dow Jones Industrial Average could hit 30,000 if a couple of factors come to pass. He said: “The two things that really have to happen in the short run to get us Dow 30,000, and above are going to be passing the U.S., Mexico and […]
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Tesla stock and Apple stock are on the move, thanks to positive developments regarding the tariff war with China. A Slight Thaw in The Trade War During the G20 meeting, President Donald Trump met with Chinese President Xi Jinping. Little was expected from the meeting, but the leaders surprised the world by announcing a temporary […]
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As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has […]
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President Donald Trump stunned the world Saturday with the announcement of a ceasefire in the U.S. China trade war. After a high stakes face-to-face meeting with Chinese President Xi Jinping, Trump told reporters that he would be holding off on the threat of more tariffs on $ 300 billion in Chinese imports. Though the bitcoin price […]
The post Thawing US-China Trade War Tensions Not ‘Hurting Bitcoin’ appeared first on CCN Markets
Dow Jones futures launched a triple-digit rally in early trading on Wednesday as Treasury Secretary Steven Mnuchin said the China trade deal is 90 percent complete. Speaking to CNBC, Mnuchin confirmed that Trump and Xi Jinping were inching closer to a resolution with their G20 meeting just days away. After back-to-back losses on the stock […]
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By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that person’s beliefs about other people’s psychology. Bitcoin traders are thus
By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $ 528 billion under
Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $ 20 billion through a listing in Hong Kong. By CCN Markets: The war for China’s e-commerce marketplace is heating up, and it may result in a clash between two titans of industry: US powerhouse Amazon and homegrown champion Alibaba. Both Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) have had new developments emerge this week which signal increased competition in China’s e-commerce industry, despite the looming
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
A crypto bull market may finally be upon us as the 13-month long bear market looks to have finally given way to a surge of new buying interest. The new money has driven a notable rise in Bitcoin (BTC), bringing in the leading digital currency to just under $ 9,000 for the first time in over […]
CNBC has long played a controversial role in the financial news industry. As the leading financial TV media outlet, CNBC often relies on experts and other talking heads to make predictions and speculate about upcoming market moves while bearing little responsibility for the fallout. As we previously reported, last year’s predictions made by experts and […]
Uber (UBER) is preparing to go public on the New York Stock Exchange on Friday at a price of $ 45 a share, giving the rideshare giant a $ 75.5 billion valuation. Investors hoping to get in on the action using Bitcoin (BTC) can do so on WCX, a crypto trading platform that allows users to trade […]
Cosmos (ATOM), Tendermint’s decentralized network of independent parallel blockchains, has been one of the biggest additions to the blockchain space this year. Self-styled as the third iteration of blockchain technology, Cosmos plans to solve many issues plaguing current platforms, including scalability, usability and sovereignty. Cosmos hope to achieve this by creating an “Internet of Blockchains” — […]
Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for its BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1,000 BTC buy orders, signaling strength across numerous facets of the virtual currency ecosystem.
On March 8, London-based exchange Voltaire announced a new incentive for registered traders that provides the ability to earn BCH during each trade executed on the platform. According to Voltaire, which bases all of its exchange paired denominations in BCH, users will earn 0.2 percent of each trade and will be paid in bitcoin cash.
During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.
Russia, Venezuela and United States Comprise Largest Markets on Localbitcoins
Approximately 3,593 BTC were traded for Russian rubles (RUB) on Localbitcoins this past week, making it the largest P2P market by trade volume. Russian Localbitcoins trade activity during the week of March 2 equated to 918 million RUB (approximately $ 13.81 million).