News
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DOW JONES RALLIES TO THE TOP
The Dow and the broader stock market rallied sharply on Tuesday, as investors are getting excited about measures from the Federal Reserve to ease strain on markets and help businesses hurt by the coronavirus pandemic.
220$ BILLION MONEY LAUNDRING SCANDAL IN ESTONIA COSTS 500 CRYPTO FIRM LICENSES
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank.
RUSSIAN MINISTRY VOTES AGAINST BILL TO BAN CRYPTO
Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.”
ASIAN SHARES STUTTER AFTER FED PREDICTS SHRINKAGE IN US ECONOMY
Asian shares dropped on Thursday and bonds rallied after a downbeat economic outlook from the United States Federal Reserve undermined recent market optimism and fueled expectations recovery would require even more stimulus measures.
Social, Copy Trading or Mirror Trading?
Once you decide to go into trading nowadays there are three easy ways for you to make your moves. You can choose social trading and the platforms that go along with that tactic, you can copy trade or you can mirror trade. However, it is very important to understand that there is no good or bad choice that fits everyone as the best choice differs on the type of trader you choose to be.
ETC Group to List Centrally Cleared Bitcoin
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month.
IS BITCOIN ON THE VERGE OF TOUCHING 6DIGITS?
Bitcoin prices will touch the six-digit zone or $100,000 or more per unit according to a number of analysts, at some point in the future. This price point has been predicted by a variety of experts and analysts including the stock-to-flow (S2F) proponent Plan B, financial analyst Peter Brandt, the popular crypto trader Theta Seek, Blockfyre’s Simon Dedic, and Morgan Creek CEO Mark Yusko.
ZOOM'S REVENUE SOARS 169%
The Zoom boom is real. Zoom (ZM) said Tuesday that its revenue skyrocketed 169% from the prior year to $328 million for the three months ending in April, as it became the go-to video-conferencing service for many stuck at home during the pandemic.
SWISS BANKS LAUNCH CRYPTOCURRENCY TRADING AND CUSTODY
Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody.
JEFF BEZOS ON THE TOP OF FORBES LIST
CEO Jeff Bezos is the only one who can tell us if it’s lonely at the top as he remains at the top of the Forbes list. Not even a nearly $40 billion divorce can topple Amazon (AMZN) founder from being the world's richest person.