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China has extended the olive branch back to the United States by offering a path to eliminate Washington’s burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Trump administration was considering lifting tariffs amid the ongoing trade war. China Proposes
The post Bye Bye Trade War? China Plans $ 1 Trillion Buying Spree to Reduce US Trade Deficit appeared first on CCN
Led by the Dow Jones Industrial Average, the stock market rocketed after reports that the US was to begin lifting tariffs imposed on Chinese imports. However, the market pared those gains after subsequent reports indicated that no such plans had been made. Dow Jones Leaps 250 Points Before Falling Back The Dow rose over 250
The post Dow Jones Rockets after Report Claims Trade War Winding Down appeared first on CCN
American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors.
Investors who use BitGo's custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.
“Institutional investors want to put their assets to work and they want security,” Mike Belshe, BitGo’s CEO, told Bitcoin Magazine. “Until now, they've had to make compromises on one front or the other, choosing to trade off security for speed of withdrawals from custody. Now, as a result of our partnership with Genesis, they have access to multiple trading venues without ever having to move their assets from the security of cold storage."
The federal government shutdown showdown of 2019 between Capitol Hill Democrats and President Donald Trump keeps setting records as it enters into its 26th day. The previous longest federal shutdown in U.S. history was the 1995-’96 face-off between Speaker Newt Gingrich (leading the first Republican House Majority in 40 years) and President Bill Clinton. That
The post Trump Slump? Government Shutdown & Trade War Leave Markets on Edge appeared first on CCN
Investment management firm Invesco has suggested that opportunities exist in China despite the earnings warnings that U.S multinationals have issued in response to the ongoing trade war. Speaking to CNBC, Invesco’s chief global market strategist, Kristina Hooper, stated that U.S. companies have “overly blamed China” for revenue declines: There’s a lot of fear around China.
The post Invesco Bullish on China as US Firms Blame Trade War for Revenue Woes appeared first on CCN
U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. Stocks Bounce Off Lows The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile pre-market session for Dow futures. At the time of
The post Poised for a Comeback? Dow Jones Pares Losses after President Trump Predicts New Trade Deal with China appeared first on CCN
New trade data from China is fuelling fears of global recession. Stock markets in Asia and Europe fell in reaction. A premarket drop for Dow futures points to a tough day for the US stock markets. Europe’s leading 300 share index, the FTSEurofirst 300 Index (FTEU3), fell 0.7% in early trading. Asia saw declines with the
The post Blue Monday? Trade Figures from China Shake the US Stock Markets, Dow Futures Fall appeared first on CCN
Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On Friday, an application called Sideshift.ai was used to demonstrate a bitcoin core (BTC) to tether (USDT) swap using the Lightning Network.
Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today
In recent cryptocurrency exchange news, Huobi’s EOS exchange has entered trial operations, Sharespost has facilitated a secondary trade of the BCAP security token, and Bithumb has obtained South Korean Information Security Management System certification.
Also Read: Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance
In the last 24 hours, Huobi has announced the company’s EOS exchange has entered trial operations, which includes support for EOS/BTC, EOS/ETH, and EOS/USDT pairings. The exchange will be launched and operated by Huobi Pool, the mining arm of the company.
Despite a recent stock market rally that has seen the Dow Jones Industrial Average rally back toward 24,000, economists are warning that the partial government shutdown and other factors have put the United States economy at its greatest risk of plunging into a recession in more than half a decade. US Recession Grows More Likely
The post Government Shutdown, Trade War Have Doubled Risk of Economic Recession appeared first on CCN
U.S. President Donald Trump appears positive over recent trade talks with China. But Trump is not so upbeat about coming to an agreement with the Democrats and ending the government shutdown. Could a trade resolution with China happen before the government starts to pay its employees? As Trump left for his visit to Texas and … Continued
The post Trump May Expect a Trade Resolution With China Before Ending the Government Shutdown appeared first on CCN
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
The post Dow Rally Plows Ahead as China Trade Optimism Grows appeared first on CCN
Trade talks between the U.S and China concluded earlier today boosting Asian markets and the start of trading in Europe. It could be another good day of trading for the Dow Jones and the wider markets in the U.S too. In Asia, the markets jumped in response to positive comments from officials. In China, the
The post Hope After US-China Talks: Stock Markets in Asia and Europe Trade Higher appeared first on CCN
China’s well-known fears of social instability as a result of worsening economic conditions could be used to the advantage of the United States in the trade negotiations, U.S. Commerce Secretary Wilbur Ross has indicated. This comes as trade talks between the world’s two biggest economies entered a new stage on Monday in Beijing. Speaking to
The post China’s Weak Economy Gives US Upper Hand in Trade War: Trump Admin appeared first on CCN
Dow Jones Industrial Average futures mostly traded sideways on Monday morning, as the US stock market waited to see whether renewed negotiations between the world’s two largest economies would bring an end to the US-China trade war. Dow, S&P 500 Teeter as World’s Largest Economies Meet for Trade Talks At 8:19 am ET, Dow futures
The post Dow Eyes Shaky Monday as US-China Trade Talks Ramp up appeared first on CCN
Circle Invest, the retail crypto trading platform for Circle, has reportedly seen significant growth in the total volume of recurring trades on the platform, as well as other key metrics. According to a recently published year-end report, more than 30% of all purchases on Circle Invest are recurring, and recurring trade volume has doubled since September. […]
SludgeFeed
The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.
CoinDesk
The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume.
Also Read: Report: Indian Government Updates Progress on Crypto Regulation
BTC saw a slight increase in volume during December, with $ 157.2 billion worth of trade taking place, up from $ 156.5 billion during November. As such, BTC posted its strongest volume since May.
Optimism that the United States and China are making significant progress toward bringing an end to the trade war that has roiled the economy in recent months has the Dow Jones Industrial Average and other major stock indices pointing north ahead of the year’s last trading session. Dow Preps Gains amid ‘New Reality’ of Volatility
The post Dow Jones Futures Rally More than 200 Points on US-China Trade Talk Optimism appeared first on CCN
The trade war between the United States and China has placed immense pressure on the stock market of both countries since mid-2018. With a new trade agreement in the works, China-U.S. relations are expected to improve in the months to come. U.S. President Donald Trump said on December 29 that a comprehensive trade deal is
The post US-China Trade Deal Moving Well, Could Stock Market Rebound in 2019? appeared first on CCN
