By CCN Markets: Tesla’s stock is making a fast and furious comeback in June. That’s good news for shareholders after TSLA spent the first half of 2019 suffering crippling losses. Now the famed electric automaker’s stock is on the rebound. The stock is up 22% for the month. Does Wall Street Have Tesla’s Stock All Wrong? Tesla’s massive losses have led investors to fear an impending cash crunch. The company had to widen its junk bond spread to record levels this spring. With fears mounting over Tesla’s distressed credit history and the looming threat of a trade war with China,
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
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After a 3-year hiatus, Cameron and Tyler Winklevoss, the founders of Gemini Trust, a New York-based digital currency exchange and custodian, took to Reddit to field questions in an official “Ask Me Anything” (AMA). It's been 3 years since my last #RedditAMA w/ @tylerwinklevoss! Come join us in 10 minutes (at 1pm ET) and ask us anything! […]
Amazon’s market cap surged past Microsoft and Apple as AMZN shares reached $ 1,629.51 today, a 3.44% increase. It is now the largest U.S. listed company by market capitalization. Amazon has a market cap of $ 796.78 billion, followed by Microsoft’s $ 783.57 billion, and Apple’s $ 701.99 billion. Amazon and Netflix Outshone the Rest of FAANG in 2018
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Sure, the crypto market boom of 2017 exposed the industry’s lack of infrastructure. That just means the solution is clear – we must build it and keep building.
According to the International Monetary Fund (IMF), the global debt has achieved $ 184 trillion with $ 86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $ 184 trillion, The Balance reported that $ 21 trillion comes from the U.S., making up for around 11.4 percent of the global debt.
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As the crypto market reels from a weeklong downturn that has forced the bitcoin price to its lowest point in almost 14 months, it appears that traditional markets do not intend to welcome investors back with open arms. Markets Erase Year-to-Date Gains Following yet another decline on Tuesday, the Dow Jones Industrial Average, S&P 500,
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ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $ 21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $ 20 trillion in debt can’t possibly ever pay it back and thus
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It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $ 112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of
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Whereas right now, the prices aren’t exactly great it doesn’t necessarily mean that the market won’t rally soon. A fund manager believes that a rally could see 10x growth could happen in two years if the right conditions are properly met.
Over $ 200 billion is the price of the current total capitalisation of the cryptocurrency market is way below it’s all-time high when it reached $ 818 billion on 7th January this year according to data from CoinMarketCap. While previous predictions of a huge market rally after January’s massive correction haven’t yet materialised market players are still overwhelmingly optimistic that an upturn might happen. The latest market prediction seems to be bolder than the rest.
During an interview with Ran Neuner on CNBC’s Crypto Trader, Coinbase alum and crypto investment firm 1Confirmation founder Nick Tomaino stated that the valuation of the crypto market can reach a trillion dollars off of speculation alone. He said: “I see investing and speculating as adoption. I think it is possible that crypto gets from … Continued
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One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $ 7.2 trillion in customer assets, has announced that it will
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The United States federal budget deficit rose to $ 782 billion for the 2018 fiscal year, according to the Congressional Budget Office (CBO), Congress’ nonpartisan group of budget experts. This total amounts to roughly 3.9% of gross domestic product (GDP) and marks the third straight year that the deficit increased as a share of the economy. The outcome could have actually been […]
During Ripple’s Swell conference, Ripple showed a report named ‘Blockchain in Payments’. The report discusses the critical mass adopting blockchain based payments for this year. Several organisations were anticipating this conference and more specifically integrating virtual assets into cross-border payments flows.
The Boston Consulting Group collected data which showed that the number of cross-border payments in the global markets was worth around $ 27 trillion. The data continued to show that this number could grow by another $ 20 trillion between this year and 2026.
Wall Street is realizing the power of crypto. Fidelity Investments CEO Abigail Johnson announced on Friday that the fourth-largest asset management firm in the world with $ 2.5 trillion in assets under management plans to roll out cryptocurrency and blockchain products and services by end of 2018.
“We’ve got a few things underway, a few things that are partially done … We hope to have some things to announce by the end of the year,” said Johnson at Boston Fintech Week 2018.
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could also be a significant first step for the $ 10 trillion Nasdaq into the world of crypto.
Venture capitalist and famous cryptocurrency supporter Tim Draper exposed his prognostic on the cryptocurrency market at the DealStreetAsia PE-VC Summit in Singapore last Wednesday, when he predicted that it will rebound to $ 80 trillion within 15 years.
The famous investor thinks that blockchain and cryptocurrencies are “going to have such a transformative effect on industries that we never even imagined would be transformable.”
Like many investors before him, Draper compares the potential of this industry to the internet boom back in the 1990s. The internet, in return, was compared to the telegraph, the railroad, and the automobile industries at its time. No one thought that industries as diverse as agriculture, for example, would embrace the internet.
Billionaire investor and prominent Bitcoin bull Tim Draper believes that the total cryptocurrency market capitalization will reach $ 80 trillion in the next 15 years. While speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, Draper stated his belief that the latest downturn in cryptocurrency prices is related to people simply not being accustomed to the new digital […]
Blockchain can transform the supply chain.
By using blockchain, small- and medium-size businesses (SMEs) around the world can obtain $ 1 trillion in trade financing, according to Sept. 13 whitepaper by World Economic Forum and consulting firm Bain & Co. The technology can be especially important in providing capital and improving efficiency in emerging countries — which often lack banking infrastructure and digital processes.
The authors of “Trade Tech – A New Age for Trade and Supply Chain Finance” point to red tape and excessive documentation as stifling international trade, especially in regions like Asia and Africa.