The Dow and broader U.S. stock market traded mixed on Thursday, as disappointing corporate earnings and sliding oil prices dragged on investor sentiment. Dow & Nasdaq Extend Slumps Wall Street’s major indexes traded lower for most of the session on Thursday, mirroring a tepid pre-market for Dow futures. The Dow Jones Industrial Average fell 61.18 […]
Netflix stock plummeted 11% out of the gate despite posting better-than-expected earnings in Q2. The reason? A colossal miss in subscriber growth, the lifeblood of the debt-ridden media giant. Now that Wall Street appears to be waking up to overvaluations, here are three tech stock bubbles – Beyond Meat, Uber, and Tesla – that might […]
People may wonder why Facebook has chosen to build their Libra blockchain network from scratch, rather than building on an existing giant like Ethereum, EOS, or even – as was rumored – Stellar. The answer is simple and sophisticated at the same time, depending on how deep into it you want to look. Facebook Wanted […]
Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in ...
This week, both the Senate Banking Committee and the House Financial Services Committee grilled Facebook’s David Marcus, head of the Libra cryptocurrency project. Lawmakers bluntly laid out a variety of doubts about the Libra proposal, including whether the system could prevent money laundering, and whether Facebook should be trusted to collect transaction data, given its shoddy history of handlin...
Wow, well that was quick. In the past two hours, Bitcoin (BTC) has gained over 10%, rallying from $9,400 to $10,600. Most of this rally actually took place in a few minutes, with the cryptocurrency gaining around $800 of that move higher in a matter of a single five-minute candle. To say that the crypto market is volatile is an understatement, that’s for sure.
The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $83 to the 2019-high of $363.30. That’s a massive gain of over 337 percent in six months. Since then, […]