Dow Jones Rout: The Cat is in the Bag, the Bag is in Trump’s Hand

Friday started off badly for the Dow Jones industrial average, with all major stock indexes trading markedly lower right out of the gate Friday morning. Nike (NKE) defied gravity at the start of the session after an analyst price-target hike, but got dragged back down to earth with Apple (AAPL), Chevron (CVX), Exxon Mobil (XOM),…Continue readingDow Jones Rout: The Cat is in the Bag, the Bag is in Trump’s Hand

A Central Bank Digital Currency May Lead to All Kinds of Monetary Chaos, says Korea’s Central Bank

A Central Bank Digital Currency (CBDC) is not good for a country’s financial stability, said the Bank of Korea in its latest report. Dubbed as ‘Central Bank Digital Currency and Financial Stability,’ the study found that the introduction of CBDC deposits would radically decrease the supply of private credit by commercial banks. As a result,…Continue readingA Central Bank Digital Currency May Lead to All Kinds of Monetary Chaos, says Korea’s Central Bank

$136 Million in Missing Crypto From QuadrigaCX Could be Gone Forever: WSJ

Canada’s largest digital asset exchange QuadrigaCX has claimed to have lost more than $136 million worth of crypto in cold wallets controlled by its CEO Gerald Cotten. In an official affidavit filed with the Nova Scotia Supreme Court by Jennifer Robertson, the widow of Cotten, Robertson claimed Cotten passed away in India with the sole…Continue reading$136 Million in Missing Crypto From QuadrigaCX Could be Gone Forever: WSJ

WSJ: Expert Claims QuadrigaCX Funds Not Stuck, But Missing Altogether

One crypto analysts told the WSJ that QuadrigaCX’s funds, which are purportedly stuck in cold storage, could be missing altogether Read the original post: WSJ: Expert Claims QuadrigaCX Funds Not Stuck, But Missing AltogetherContinue readingWSJ: Expert Claims QuadrigaCX Funds Not Stuck, But Missing Altogether

Huobi Reports 100 Percent Increase in Trading Volumes in 2018 Over 2017

Major global crypto exchange Huobi has reported a 100 percent growth in trading volume in 2018 over 2017 Read the original post: Huobi Reports 100 Percent Increase in Trading Volumes in 2018 Over 2017Continue readingHuobi Reports 100 Percent Increase in Trading Volumes in 2018 Over 2017

Crypto Exchange QuadrigaCX Reportedly Not Regulated by Canadian Securities Watchdog

The British Columbia Securities Commission reportedly said it does not regulate crypto exchange QuadrigaCX, as there was no indication that it was operating as an exchange Read the original post: Crypto Exchange QuadrigaCX Reportedly Not Regulated by Canadian Securities WatchdogContinue readingCrypto Exchange QuadrigaCX Reportedly Not Regulated by Canadian Securities Watchdog

Dow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

The recent Dow Jones rally is a “dead cat bounce” because the stock market is going to tank and a recession will eventually cast a dark shadow over the US economy. That’s the bleak prediction of investment perma-bear David Tice, who previously managed the aptly-named Prudent Bear Fund. A dead cat bounce is a brief recovery…Continue readingDow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

Bitcoin Price Struggles to Mount Recovery as Chinese New Year Saps Trading Volumes

Heading into Thursday evening, the cryptocurrency market continues to feel uncomfortably quiet, with the Bitcoin price consolidating below $3,400 during the final days of the Chinese New Year celebration — an event that some analysts say is depressing crypto trading volumes. In the altcoin markets, Bitcoin SV staged a pivot back above $60, still failing…Continue readingBitcoin Price Struggles to Mount Recovery as Chinese New Year Saps Trading Volumes

UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit

The UAE’s finance ministry will discuss global financial trends, including the development of blockchain and digital currencies at the 7th World Government Summit Read the original post: UAE to Discuss Blockchain and Digital Assets at 7th World Government SummitContinue readingUAE to Discuss Blockchain and Digital Assets at 7th World Government Summit

Over 5.5 Billion USDC has Been Transferred оn-Chain

As of Jan. 31, 2019 over 5.5 billion USDC stablecoins have been transferred on the Ethereum blockchain Read the original post: Over 5.5 Billion USDC has Been Transferred оn-ChainContinue readingOver 5.5 Billion USDC has Been Transferred оn-Chain