Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back to
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto markets soar after Fed commits to printing and Evergrande
Muni issuers are considering and beginning to roll out blockchain based solutions, including distributed ledger technology for various muni projects, but the market remains nascent. The introduction of blockchain and its use of digital ledger technology caught market attention in 2016 as a banking alternative that could transform operating systems, and for munis, promised the
While Biogen rides a big-cap rollercoaster, a few small players are creating better trading opps.
A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The
In this article PLAY MTCH RCL NCLH The Carnival Cruise Ship ‘Carnival Vista’ heads out to sea in the Miami harbor entrance known as Government Cut in Miami, Florida June 2, 2018. RHONA WISE | AFP | Getty Images Check out the companies making headlines in midday trading. Carnival — Carnival shares rose 4% after
Another day, another record for Dubai’s high-end real estate scene. On the manmade marvel Palm Jumeirah, a prized super-penthouse has sold for about $23.5 million (approximately AED 86 million), making it among the most expensive penthouses ever sold in the United Arab Emirates city. The massive duplex residence is one of about 90 units within
Embattled developer China Evergrande‘s situation is not a surprise, given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research’s Andrew Collier. “This is all a bit of a tempest in a teapot, which sounds funny given that the whole world is worried about Evergrande right
The world’s financial markets rarely sit glued to their screens waiting for the no-nonsense Norges Bank to pronounce its verdict on Norway’s monetary policy. This week was different. The 0.25 percentage point rise in its interest rate was the most visible expression yet of a turn in the monetary policy cycle that is spreading across
Municipal yields edged higher Friday as selling pressure emerged early and buyers greeted it by demanding some concessions, though municipals still outperformed taxables by a large degree on the week. Triple-A benchmark yields rose another two to three basis points, moving the municipal 10-year to 1% on both Refinitiv MMD and ICE Data Services scales.
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have
The Puerto Rico House of Representatives could approve next week restructured bonds for the Puerto Rico bankruptcy, which may move the process along. House Speaker Rafael Hernández Montañez plans to submit a bill to allow the sale ofrestructured bonds consistent with the proposed Plan of Adjustment, said Lilliam Maldonado, spokesperson for Rep. Jesús Santa Rodríguez,
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Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal
A trader works inside a post on the floor of the New York Stock Exchange (NYSE), August 27, 2021. Brendan McDermid | Reuters After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of
The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to
With ocean views and a blanket of greenery surrounding it, one might think this custom compound is set on the North Shore of Kauai. In actuality, the $29.95-million estate is across the Pacific—nestled among 140 acres of organic avocado groves in Somis, California, a quiet community located halfway between Beverly Hills and Santa Barbara. Built
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters Mortgage rates jumped higher this week. It could be just the beginning of an upward trend. The average rate on the popular 30-year fixed mortgage just crossed back over 3% early this week and then jumped 9 basis points Thursday
US prosecutors have reached an agreement with Meng Wanzhou, the chief financial officer of Huawei and daughter of the Chinese tech giant’s founder, to resolve fraud charges against her. The details of the agreement are set to be announced in a court hearing in Brooklyn at 1pm, Eastern time, according to a letter from Nicole
Boston’s mayoral race has captured national headlines, with the city in line to have its first elected female and minority mayor. It reflects demographic change in a city noted over the years for clinging to its traditions. “Every significant candidate was identified as a person of color, and the four top finishers were women,” said