The sell-off in US stocks which began in October is establishing 2018 as the worst year the market has encountered in a decade. As of December 28, the S&P 500 index was down about 7 percent on the annual and 15 percent from its high. Other indexes, including the Dow Jones and the Nasdaq, also […]
Archives for Dicembre 2018
Bitcoin Hits $4,000 But Retraces, is Another Drop to Mid-$3,000 Next?
On December 29, the Bitcoin price briefly surpassed $4,000, initiating a promising rally from around $3,600. In the past 24 hours, the value of Bitcoin has retraced from $4,000 to $3,800, falling to $3,688 at the day’s lowest point. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and […]
Paxos Standard Hassling Ethereum Traders Trying to Redeem Stablecoin PAX for Dollars
The source for this article wishes to remain anonymous. He is one of multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have used Paxos Standard. They are a group of five traders. They trade in the millions of dollars per week via multiple exchanges including Binance and […]
Cryptocurrency Exchange Kraken Adds Bitcoin Cash and Ripple Margin Trading
Kraken has added Bitcoin Cash (BCH) and Ripple (XRP) to Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT) bringing its margin trading offering to a total of eight cryptocurrencies. Margin trading of all eight will be available on all of Kraken’s platforms. The latter site boasts an improved user […]
Vitalik Buterin Bashes Bitcoin SV and Calls it a ‘Dumpster Fire’
In a series of tweets, Vitalik Buterin, co-founder of Ethereum, made his disapproval of Bitcoin Cash ‘Satoshi’s Version’ (BSV) known, calling the new hard fork of Bitcoin Cash (BCH) a “pure dumpster fire.” Buterin’s comments were made in an online Twitter debate with cryptocurrency commentator and businessman Tuur Demeester on Christmas Day. In the discussion, Buterin […]
Bitcoin-Friendly Square Uses App and Algorithms to Issue Business Loans
Payments company Square is moving into new markets by issuing business loans and will soon move to consumer lending. Its data collecting and analyzing algorithms are deciding creditworthiness letting borrowers arrange their loans in a few taps. According to WSJ reporting, one Texan food truck owner accepted a loan offer within the Square app, then […]