Tag: Cryptocurrency

OANDA Market Insights podcast (episode 35)

OANDA Senior Market Analyst Craig Erlam review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Global market sell off, IMF warns Italy, Chancellor optimistic on Brexit, Crude slumps on market uncertainty. OANDA Market Insights podcast (episode 35) Posted 13 minutes ago Oil Prices Rise but […]

European open – Trump attacks Fed as markets tank

Bloodbath in Markets as Trump Points Finger at the Fed European stocks are set to become the latest casualty in the global sell-off that has rattled markets over the last 24 hours, as investors worry about the potential for a sharper correction on the back of rising bond yields. It’s been something of a bloodbath […]

Coinbase denies engaging in prop trading

Cryptocurrency firm Coinbase has denied engaging in proprietary trading after the New York Attorney General said that almost 20 percent of transactions on its platform were attributable to the company. Proprietary trading is when a firm invests for its own gain rather than on behalf of its clients. Coinbase has its own crytocurrency trading platform […]

Ripple predicting good news in next month

Blockchain start-up Ripple could launch a commercial application of its cryptocurrency-focused product “in the next month or so,” an executive at the company has told CNBC. Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said Monday that the firm was making significant headway with its xRapid product, which is […]

Five Reasons Why 2018 Could Be Best Year Yet For Cryptocurrencies

In an earlier piece for CNBC, I explained why a potential cryptocurrency bubble could burst in 2018. Many people asked me afterward: If I’m so skeptical about the space, why am I invested in it?Let me clarify. I’m someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: […]

Cryptocurrencies Could Fall to Near-Zero at Any Time

Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” Vitalik Buterin said on Twitter. “Don’t put in more money than you can afford to […]

Bitcoin Breaks $11,000 as Recovery Continues

Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month. The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according […]

Venezuela Preparing to Launch Petro Cryptocurrency

Venezuela will launch a pre-sale of its commodity-backed “petro” cryptocurrency on Tuesday. President Nicolas Maduro hopes the country’s own digital currency will help it to make financial transactions and get around Western sanctions. Both the United States and the European Union have imposed economic sanctions on Venezuela over their opposition to its autocratic government. Last […]

US Markets Regain Composure After Rough Two Weeks

Encouraging Gains in US Futures It would appear stock markets are starting to regain some of their composure following a couple of very volatile weeks in which US indices fell more than 10% from their record highs. The Dow and S&P 500 both posted more than 1% gains on Wednesday and futures are seeing similar […]

Futures Higher But Market Remains Vulnerable

Inflation and Retail Sales Data Eyed Markets Gradually Stabilize US futures are pointing to a stronger open on Wednesday, building on the small gains posted at the start of the week and offering some hope that stability is slowly returning to the markets. Given the volatility that we’ve seen over the last week or so, […]