Will Bitcoin Suffer or Soar at the Sting of the Stock Market “Coiling”?
Bitcoin is possibly on the brink of a new bull run, yet a sudden and unshakable correlation with the stock market keeps getting in the way. With a potentially rocky Presidential election ahead and the pandemic still a critical factor, analysts say the stock market is “coiling,” ready to release pent up energy in one direction or the other. The longer this sort of coiling continues for will result in an increasingly powerful move. If […]
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Bloomberg reported that crypto mining companies’ stocks continued to fall on Monday, following the stock market’s trend on the New York Stock Exchange. The Federal Reserve’s tightening of monetary policy is causing people to worry about the economy, which might lead America into a recession. The fear has hit the crypto market hard. Related Reading […]
While many eyes are watching Greece, another large market bleeding. China’s stock market opened on Sunday, July 5, 2015, following an incredible three week plunge, losing $2.36 trillion in market value. Many investors wonder if the losses in Chinese markets will billow outwards towards other countries. Frederic Neumann of HSBC Holdings in Hong Kong said:....
On Monday, Overstock CEO Patrick Byrne announced the online retailer had hired two Counterparty developers to build a decentralized stock exchange to issue corporate stock for Overstock and other companies. Byrne confirmed the exchange, code-named "Medici," would operate atop the Counterparty platform. This news caused the XCP price to soar (XCP is the native currency for the Counterparty platform). Also Read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption. Overstock Announces Decentralized Stock Exchange. Overstock CEO Patrick Byrne's announcement of....
Being part of the stock market is not as fun right now as it was a few years ago. Every day, a new financial disaster seems to be waiting just around the corner. After the trouble started brewing in China a few months ago, the Japanese stock market is the next one to plunge. The reason for this is simple: government bonds are going negative for the first time. At the same time, Bitcoin is looking more and more appealing as a way to diversify portfolios. Japanese Stock Market Takes A Big Hit. In this day and age, being involved in the financial sector with one’s money doesn’t make for a....
Two men in Florida have been arrested and charged following transactions arranged on the LocalBitcoins.com service, which allows bitcoin enthusiasts to buy and sell bitcoin with locals in-person. The men were charged with violating state anti-money laundering laws along with operating an unregistered money services business. The Miami Beach Police Department and the United States Secret Service Miami Electronic Crimes Task Force reportedly contacted individuals on the service looking to sell high volumes of the digital currency in what was to be a sting operation. One of those very....