The world's largest cryptocurrency exchange, Binance experienced record levels of bitcoin, ethereum and stablecoin withdrawals alongside the implosion of rival exchange FTX. Binance saw a net 81,712 bitcoin ($1.35 billion), or more than 15% of the roughly 500,000 bitcoin on its exchange, pulled from the platform over the past six...
The dollar index (DXY), which tracks the greenback's value against majors, advanced on Thursday as a bull run in stocks took a breather, with investors reassessing coronavirus vaccine optimism. The DXY traded 0.22% higher on the day near 92.50...
FedEx Corporation (NYSE: FDX) stock is down more than 6.6 percent in 2018, and the threat of competition from Amazon.com (AMZN) is a big reason why. However, Bank of America analyst Ken Hoexter met with FedEx management this week, and the company insists that Amazon is more friend than...
The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new...
The Bitcoin market crashed overnight, with the price of Bitcoin dropping by 11% in the last 24 hours. Over the last few months, the Bitcoin market has been on a major bull run. Bitcoin’s price increased from $12,900 on...
The longstanding 4% rule was developed in the mid-1990s to answer the question, “How much can I safely withdraw from my retirement savings each year and have my nest egg last for the duration of my retirement?” While this simple rule of thumb still stands strong despite numerous studies designed...
Three major Wall Street banks expect the S&P 500 to tank over 20% at some point next year. US stocks face a recession, cuts to earnings outlooks and liquidity risks as the Fed...
The biggest tech companies strengthened their hold on the global economy during the pandemic. Now, the industry is leveraging a moment of market euphoria to gear up for what comes next. What's happening: Airbnb and DoorDash could raise billions...
Another pullback has occurred as markets failed to hold the $300 billion level. Most cryptocurrencies are in the red today as previous day’s gains are wiped out. Bitcoin has dropped half a percent on the day and is trading at $8,170. Over the week it has gained almost 10%...
Bitcoin mining is the backbone of the BTC ecosystem and miners’ returns also provide insight into BTC’s price movements and the health of the wider crypto sector. It is well-documented that Bitcoin miners are struggling in the current bear...
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