Stocks news-Page 46
Exchange’s Live AMA to Unveil Plans for New USDT Perpetual Contracts
A derivatives exchange has announced it is taking part in an “ask me anything” livestream on Cointelegraph’s YouTube channel. Bybit's broadcast is going to be taking place on March 24 — and presently, the transmission is scheduled to commence at 11 a.m. EST. The exchange’s CEO, Ben Zhou, is set to make a special announcement during the livestream: the upcoming launch of USDT perpetual contracts. Viewers are being invited to submit their questions and get expert answers. The AMA will be hosted by Cointelegraph’s Jackson Dumont. USDT perpetual contracts, explained Under these contracts, USDT is used as both the quote …
Blockchain / March 22, 2020
Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says
BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis. The 2020 coronavirus financial crash could be the biggest opportunity Bitcoin has ever seen On March 17, BitMEX’s research arm, BitMEX Research, published an analysis of the ongoing impact of COVID-19 pandemic on the financial markets. Titled “Inflation Is Coming,” the blog post by BitMEX Research outlines the coronavirus financial market crash as the biggest economic turmoil since the 2008 …
Bitcoin / March 18, 2020
‘Not a Drill’ — Business as Usual for Bitcoin as Fed Bails out US
Bitcoin (BTC) has failed to hold onto gains once again as commentators warn that the interest rate cuts by the Federal Reserve are “not a drill.” After the United States’ central bank cut rates to near zero on Sunday, BTC/USD briefly rallied but on Monday was falling in line with another panic trading session on traditional markets. BTC, stock markets shed 7% 24-hour highs of $5,900 soon gave way to current lows over $1,000 beneath — press time levels center on $4,850. Stocks broadly sank at the opening bell in Asia, Europe and London, with 7% losses commonplace as coronavirus …
Bitcoin / March 16, 2020
Crypto Traders Explain What Caused the Bitcoin Price Plunge to the $3K Range
The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history. The main catalyst of the sudden 50% decline in the price of Bitcoin within a span of eight hours was the 9.99% drop of the Dow Jones Industrial Average. The United States stock market experienced its worst sell-off since 1987, as panic over the coronavirus pandemic intensified to unprecedented levels. In the past seven days, Bitcoin and …
Bitcoin / March 13, 2020
Forbes Report: World’s Top 10 Billionaires Lost $38B on Black Monday
Amid intensifying fears over the coronavirus, the United States stock market saw another historic day causing whopping losses for the world’s richest people. On March 9, the U.S. stocks experienced another dismal day, with major stock indices like the S&P 500 and Dow Jones plunging more than 7%. This coincided with a major bloodbath in crypto markets, with Bitcoin (BTC) dropping nearly 10% over a day. According to some reports, Monday, March 9 became the worst day for U.S. stocks since 2008. At $6 billion, Bernard Arnault suffered the biggest losses on the day Referred to as Black Monday, the …
United States / March 10, 2020
Robinhood Crypto and Stock Trading App Is Down Second Monday in a Row
After experiencing a major outage last week, major stock and cryptocurrency trading app Robinhood is troubled again. Robinhood encountered another technical outage on Monday, causing its platform to halt trading services, according to a March 9 tweet by Robinhood’s support team. Robinhood partially fixes the outage after an hour of downtime The firm announced earlier on the day: “Trading is currently down on Robinhood and we’re investigating the issue. We’re focused on getting back up and running as soon as possible and we’ll update the status page with the latest.” Subsequently, Robinhood has partially restored trading, noting that they are …
United States / March 9, 2020
Stock and Crypto Trading App Robinhood Faces Major System Outage
Following a major technical outage, popular stock and cryptocurrency trading app Robinhood is purportedly operational again. The popular platform for trading stocks and cryptocurrencies like Bitcoin (BTC) experienced a major technical outage, causing a loss of access to user accounts. On Monday, March 2, Robinhood encountered a day-long technical problem with users purportedly being unable to complete their exchange orders or even load their portfolio lists and charts. Robinhood temporarily restored service to experience outage again Subsequently, Robinhood released an official statement on the matter, providing little information on what exactly happened exactly. Robinhood support team tweeted on March 2: …
United States / March 3, 2020
Billionaire Investor Tim Draper Quit Stocks for Bitcoin 6 Months Ago
Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago. Speaking to CNBC on Feb. 24, the VC investor and serial Bitcoin proponent revealed that he had significantly added to his crypto holdings since last year. Draper: “Uber drivers were day trading” “It’s a lot, it’s a lot, a lot,” he responded when quizzed about exactly how far his faith in Bitcoin extended. “I’m just a believer — and I look and I say, ‘Hey, this is just better.’ Long term, people move to things that …
Bitcoin / Feb. 25, 2020
Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving
Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving. According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot's U.S.-based digital currency exchange” in order to focus on cryptocurrency mining as part of its updated strategic priorities for 2020. Following the announcement to shift its focus on Bitcoin mining, the company’s shares dropped more than 5%, trading at $1.40 at press time, according to CNBC data. Industry experts disagree on the potential price impact of May 2020 …
Technology / Feb. 21, 2020
Paxos’ DLT Settlement Platform Is Live With Credit Suisse and Instinet
Paxos, a New York-regulated financial firm and the issuer of a USD-pegged stablecoin, has launched its blockchain-based settlement platform. After announcing Paxos Settlement Service in late 2019, Paxos Trust Company has launched the product to settle select United States-listed equity trades between the two broker-dealers, Swiss financial services firm Credit Suisse and Nomura Group-owned Instinet, according to a Feb. 20 announcement. Paxos to apply with the SEC for clearing agency registration later in 2020 As reported, Paxos Settlement Service is being launched under no-action relief from the U.S. major financial regulator, the Securities and Exchange Commission (SEC). The no-action relief …
Blockchain / Feb. 20, 2020
Australian Stock Exchange Has New Blockchain Equity Competitor
NSX Limited, the operator of the National Stock Exchange of Australia (NSXA), is working on a joint blockchain-based project to enable same-day settlements. According to a Feb. 20 announcement, NSX has partnered with iSignthis (ISX), a publicly listed firm specializing in payment authentication services, to establish a new venture that would provide “multicurrency, real-time and same day clearing of share trades across multiple exchanges.” CHESS system will meet new competitor, DESS Dubbed ClearPay, the new venture will develop a delivery versus payment (DvP) platform that is designed to replace the existing system of clearing and settlement process offered by current …
Technology / Feb. 20, 2020
Bitcoin Will Beat Dow Jones to 40,000: Tom Lee Doubles Down on BTC
Bitcoin (BTC) is going to reach 40,000 before the Dow Jones does, according to the analyst eyeing a 200% price jump by August 2020. Speaking to CNBC in an interview on Feb. 10, Fundstrat Global Advisors co-founder, Tom Lee, said that although the Dow would hit 30,000 points before Bitcoin hits $30,000, 40,000 was a different story. Lee: ‘I would not pick the Dow’ The Dow currently trades at 29,280, an all-time high, while BTC/USD is at $9,870 after hitting five-month highs of $10,150 over the weekend. Lee summarized: “My guess would be Dow, but if I had to say …
Bitcoin / Feb. 11, 2020