The hash rate of Bitcoin (BTC) on September 23 declined to a record of 40%. And this leaves the network in a shock. The network’s hast rate dipped to 57,700,000 TH/s from previously 98,000,000. The sudden drop is still a mystery. And it became striking given the Bitcoin network’s record-breaking string of latest all-time high hash rates throughout summer. In...
On Wednesday, German software company TeamViewer glided lower in its share market introduction. This was after the remote connectivity expert unveiled. It has been then the European’s biggest initial public offering of 2019. Shares opened parallel with the offer price of 26.25 euros. On the flip side, it has slipped to 25.32 euros in early trading. The dropping...
Recently, the trading of an intercontinental exchange, Bakkt physically supported the futures of bitcoin. The backing is because it has noticed something of a slow start at the introduction. The first Bakkt/ICE futures contract changed hands at $10,115, minutes after the launch. The number of settlements in the first hour remained at just five...
FX NEWS – The New Zealand dollar recovers from recent losses in ahead of the Reserve Bank of New Zealand’s meeting tomorrow. The bank will release its rate decision in the meeting. The kiwi currency exchanged 62.91 US cents, from 62.74 cents in the previous close. Markets appear to be extremely bearish on the NZD, since they expect the currency to continue going...
Oil inventory report on Tuesday, prices eased in early Asian trade due to the weak manufacturing data from Europe and Japan. And the gloomy outlook for demand got the attention of the investors. Also, lingering uncertainty over Saudi supply disruption braked the drop. U.S. West Texas Intermediate (WTI) futures (CLc1) were at $58.40, down to 24 cents. Also, Brent...
Yesterday, after Bakkt has launched, trading seems to be off on a positive start. On the flip side, Bitcoin is experiencing a quiet period in volume and volatility at the moment. Over the time, Bakkt Bitcoin’s volume will be increasing. A lot of investors are expecting the increase. The unveiling of a significant institutional investment product for a relatively...
The pair failed to breakout from a major resistance line, sending the pair lower toward its previous low. Australia is gaining favor from the United States after being the only country to stick with banning the Chinese telecom giant amid spying allegations. Favoring Australia also shows Trump’s reluctance to have a meeting with New Zealand Prime Minister Jacinda...
The pair broke down from a major support line, sending the pair lower toward its 10-year low. Following the increasing popularity of New Zealand Prime Minister Jacinda Ardern, U.S. President Donald is keen on keeping the PM in Australia’s shadows during the United Nations General Assembly. PM Ardern first spark controversy following her statement saying that New...
The pair is expected to move lower in the following days after it failed to break out from an uptrend resistance line. The U.S. is under pressure to pass key policies ahead of the 2020 Presidential Election through which incumbent President Donald Trump is seeking for a reelection bid. During his 2016 campaign, Trump promised to ratify the NAFTA (North American...
The pair failed to breakout from a downtrend channel resistance line, sending the pair back to its previous support line. Japan’s richest man warned that the United Kingdom will be the “sick man of Europe” in the case of a no-deal Brexit. This was after British Prime Minister Boris Johnson shut down the UK Parliament weeks before the country is set to leave the...
FX News – The euro slumped after the release of German PMI data. The pair is currently trading at around 1.0977. The flash German Purchasing Managers’ Index slipped to its lowest since October 2012. From 51.7 in August, it tumbled to 49.1 in September. This is also the first time the PMI slipped lower than the 50 no-change mark since April 2013. Markit’s flash...
The number one cryptocurrency, which is Bitcoin fell below $10,000. For the last couple of days, Bitcoin was unable to strengthen its position. During this week, Bitcoin struggled to move higher; as a result, it broke the resistance level and fell to $9,858. At the moment, this is the price of Bitcoin. It is important to mention that the next resistance level for...
Asian stocks on Thursday became mixed in its morning trade following the U.S. Federal Reserve cuts its key interest rate for the second time in two meetings. Hong Kong’s Hang Seng Index dropped 1.2%. Aside from that Asian stock, traders are strictly focusing on the development of the ongoing political unrest in the city. Nancy Pelosi, a U.S. House of...
Oil is an important commodity as it plays a significant role in the global economy. Regional tensions, as well as the trade war between the U.S. and China, influenced the oil prices. There are other issues as well such as global economic problems. All of these factors affected oil prices. The latest example is the drone attacks on the Saudi Arabian oil...
Recently, Apple received an order from the European Union to pay 13 billion euros ($14 billion) in back taxes. And then, the tech giant launched a legal challenge against the 2016 ruling. Moreover, the U.S. company cited that the executing European Commission is using its authority to fight state aid to retrofit changes to national law. In effect, trying to alter...
Two of Prudential subsidiaries, AST Investment Services Inc. and PGIM Investments LLC, agreed to pay nearly $33 million to resolve their charges. Moreover, the two companies failed to disclose conflicts of interest. And also, they made some misleading disclosures regarding 94 insurance-dedicated mutual funds they advised. Based on the Securities and Exchange...
The European Union required Apple to pay 13 billion euros or $14 billion for back taxes to Ireland. Then, the iPhone maker stated on Tuesday that the order defies reality and common sense. Also, it launched a legal challenge against the 2016 ruling. In addition to that, the U.S. firm accused the executive European Commission of taking advantage of its powers to...
In 10 years since the most well-known cryptocurrency came to existence, the digital currency market revolutionized the understanding of currencies. Bitcoin, as well as Ethereum, Litecoin, and others, significantly affected the traditional financial institutions. People from all over the world are using digital currencies even for everyday tasks. Everything has its...