IDAX, a Chinese cryptocurrency exchange, has suspended deposits and withdrawals after its CEO allegedly disappeared in what looks like an exit scam. In a blog post earlier today, IDAX said it was suspending all activity on the exchange after staff said they had been unable to contact their CEO, Lei Guorong, since November 24. As
The action began at 3am UTC, with a sell order roughly 6 percent below the market price and hundreds of times larger than the norm on the exchange at that time. As that order fulfilled available bids, the ask price moved lower, dragging the market price down until it reached $6,276, at which point the
Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the
Boys run past burning tires set up by Iraqi protesters during ongoing anti-government protests in Najaf, Iraq, November 26. Alaa al-Marjani | Reuters The resignation of Iraq’s prime minister helped trigger a drop in oil prices, but analysts say that may not be the right response by investors, as Iraq’s future may have just become
Part of the Cherohala Skyway in the Cherokee National Forest in Tennessee Getty One automaker delivered the gift of green infrastructure this holiday season. To help protect forestlands, Volkswagen of America, through a sponsorship of The Conservation Fund, is donating $1.25 million towards increasing the footprint of the Cherokee National Forest in Tennessee by nearly
The cryptocurrency space has been in a bit of turmoil over the past week or so due to a variety of reasons, and the pressure was felt by TRON (TRX) as well. On Monday, there was a massive selloff in the token, and there were concerns over whether the crypto market still believed in the
German banking association BdB was positive about the legislation, too. “Credit institutions are experienced in the safekeeping of client assets and in risk management, are committed to investor protection and have always been controlled by the financial supervision,” it said. As such, banks could “effectively prevent money laundering and terrorist financing” with crypto assets.
Legislation clarifying the legal status of cryptocurrencies, including mining and token sales, was reported to be passing through the State Duma by the end of the last summer session, but has seen delays. Two of three planned bills were passed in 2018, however, one regarding digital rights and the other covering crowdfunding, RIA says.
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight, setting up for a year end Santa rally, strategists say. The tone around trade talks between the U.S. and China has been positive enough to keep the market moving higher. The Dec. 15 deadline
Increasing the supply of affordable rental housing, or at the very least maintaining the current … [+] supply instead of regulating it into oblivion, is vital for the sustainability of the industry. 123RF.com So, what was prophesied by the industry has indeed come to pass. Barely six months since the government enacted the Tenant Fees
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week. Volume was 153% higher compared
UPbit, a South Korean-based crypto exchange, has lost 342,000 worth of ether (ETH), accounting for approximately $49 million USD, in a hack earlier today. UPbit Says Investors Assets Are Safe The exchange has suspended its deposit and withdrawal service after confirming in a statement that the assets had been stolen from the Upbeat Ethereum hot
The central bank conducted three rounds of QE between 2009 and 2015, during which time the S&P 500, a benchmark for risk assets across the globe, rallied by more than 200 percent. Gold, a classic safe-haven asset, rose from $800 to $1,921 in the three years to 2011 only to fall back to $1,050 by
The FATF guidance, which is more or less obligatory for its 39 member nations and jurisdictions to adopt in regulation, stipulates that exchanges, or virtual asset providers (VASPS), must obtain, store and be able to pass on data on their users when transactions worth $1,000 or over are made. This provides a digital paper trail
Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median
Medical office timeshares, telehealth and wellness centers emerge in the healthcare real estate … [+] sector. Getty In the medical real estate space, HealCo is a tech startup on a mission. Launched in 2019, the company conducts a marketplace for medical and wellness office timesharing, management and compliance. HealCo brings together the spectrum of parties
A pending sale sign in front of a home in Miami. Getty Images Demand for housing is high, but there aren’t enough homes for sale to meet it. Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month, according to the National Association of Realtors. Sales were 4.4% higher annually, likely because mortgage
Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently
To be sure, it’s not as accessible as some may have hoped. Gurbacs’ firm, for example, withdrew a proposed bitcoin exchange-traded fund (ETF) from consideration by the U.S. Securities and Exchange Commission (SEC) in September, after the regulator signaled it was in no hurry to approve any such vehicle for retail investors. Instead, VanEck is
Stepping back, the cryptocurrency ran into selling pressure near $7,350 on Nov. 24 and fell to six-month lows near $6,500 on the following day. The drop, however, was short-lived and prices quickly rose back to $7,380 before printing a UTC close at $7,159 on Nov. 26. The recovery from $6,500 to $7,159 represents the long
Slack Technologies Inc. CEO Stewart Butterfield stands on the trading floor during the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters The biggest hurdle for companies aiming to follow Spotify and Slack into the public markets is that the direct listing process they
The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York. Ramin Talaie | Bloomberg | Getty Images Check out the companies making headlines after the bell: HP shares jumped more than 2% during extended trading after the company posted a fourth-quarter earnings beat on the top and bottom line.
This is a plain sawn white oak veneer floor with 7 ply birch core and 4mm thickness veneer. The … [+] manufacturer is From The Forest Photo courtesy of From The Forest Engineered wood, like engineered stone, is manmade. Rather than using solid boards, manufacturers glue and bonded together multi-layers of materials; a top veneer or wear
A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images After shrinking for much of this year, home price gains are now growing again. On a national level, prices rose 3.2% annually in September, up from a 3.1% gain in August, according to
Bitfinex and its sister stablecoin issuer Tether have been handed another lawsuit alleging both firms manipulated the crypto market, following a similar such suit last month in New York, which claimed the companies created “the largest bubble in human history.” The second suit has been filed by Eric Young and Adam Kurtz at the district
BNY Mellon chose Marco Polo because the blockchain works well for open account financing, which makes up around 85 percent of trade finance, and works well for large corporates, Kim said. (In open account transactions, the goods are shipped and delivered before payment is due; with letter-of-credit financing, the bank guarantees a buyer’s payment ahead
Instead of institutional participation, the hype led to a kind of “adverse selection” phenomena, said Lippiatt, attracting people who didn’t have a better option to raise funds, or who had spent a lot of money building blockchain token infrastructure and wanted to follow through with one of their own projects.
China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that