New financial services built on cryptocurrency are offering consumers the ability to borrow and trade billions of dollars without the oversight of bankers or their regulators. Washington is now scrambling to catch up, amid concerns of illegal activity and mounting consumer risks.
Every once in a while a job posting will kick off a flurry of rumors in the crypto space, as industry watchers want to know whether a new mega corporation such as Apple or Facebook is set to adopt cryptocurrency payments.
What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of...
Stock Markets
Although the stock market suffered a deep sell-off registering as a 700-point drop in the Dow on Monday, it rebounded on Tuesday and the rest of the week to end higher than last week’s close. The rally...
Here comes one of the biggest market weeks of the summer.
First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond...
Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday.
The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees...
Every once in a while a job posting will kick off a flurry of rumors in the crypto space, as industry watchers want to know whether a new mega corporation such as Apple or Facebook is set to adopt cryptocurrency payments.
Women and investors of color seem to be drawn to cryptocurrencies over traditional stocks, a new survey from NORC at the University of Chicago finds.
The survey, which was conducted in late June and comprised of a nationally representative...
India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea.
T Rabi Sankar, the deputy...
Despite his recent criticism of bitcoin mining and its environmental impact, billionaire Elon Musk confirmed that he personally owns the cryptocurrency and has held it long-term.
Though he didn’t specify exact amounts, Musk shared that bitcoin is his largest...
