Bitcoin smashes above $5,200 to hit a new record on rumors China could reverse ban

  • Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
  • The bitcoin price hit an all-time high of $5,231.28 in early trade on Thursday, according to data from industry website Coindesk.
  • Last month, Chinese regulators banned cryptocurrency exchanges with some of the largest in the country shutting down operations.
  • A report by Cryptocoinnews.com, citing Chinese state-owned news company Xinhua, said that bitcoin trading will likely resume with more regulation.
  • “Speculators are bullish on bitcoin’s value with the anticipation of China’s reintegration with global crypto markets,” Aurelien Menant, CEO of cryptocurrency exchange Gatecoin, told CNBC by email on Thursday.

Speculation that China could reverse the ban of cryptocurrency exchanges is driving sentiment.

Continue reading “Bitcoin smashes above $5,200 to hit a new record on rumors China could reverse ban”

Bitcoin smashes above $5,200 to hit a new record on rumors China could reverse ban

1,2,3  BOOM!!!

  • Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
  • The bitcoin price hit an all-time high of $5,231.28 in early trade on Thursday, according to data from industry website Coindesk.
  • Last month, Chinese regulators banned cryptocurrency exchanges with some of the largest in the country shutting down operations.
  • A report by Cryptocoinnews.com, citing Chinese state-owned news company Xinhua, said that bitcoin trading will likely resume with more regulation.
  • “Speculators are bullish on bitcoin’s value with the anticipation of China’s reintegration with global crypto markets,” Aurelien Menant, CEO of cryptocurrency exchange Gatecoin, told CNBC by email on Thursday.

Speculation that China could reverse the ban of cryptocurrency exchanges is driving sentiment.

Continue reading “Bitcoin smashes above $5,200 to hit a new record on rumors China could reverse ban”

Stocks on track for 3-day rally as S&P 500 makes new record high

LIVE: Are we in a #bitcoin bubble?

  • Stocks are slightly up at the midday mark, with the S&P 500 (^GSPC, SPY) making a new all-time high, and with the Dow Industrials (^DJI, DIA) and the Nasdaq (^IXIC, QQQ) chasing their all-time highs.
  • Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.
  • To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman, Justine Underhill and Yahoo Finance tech critic David Pogue.
  • Yahoo Finance’s Dan Roberts also interviews Brian Cristiano, founder and CEO of BOLD Worldwide about the future of sports advertising.

Yahoo Finance’s LIVE market market coverage and analysis of stocks and bonds begins each day at 11:45 a.m. ET.
Continue reading “Stocks on track for 3-day rally as S&P 500 makes new record high”

Can The Transport Ecosystem Be Disrupted with Blockchain?

  • With the fast-paced emerging of technology, blockchain has been born and now fills up the commerce and business news.
  • Today, many companies are already testing the capabilities and possibly leveraging the uses of Blockchain technology into their core business, and because of its popularity, start-up companies emerged on the surface.
  • Blockchain can disrupt the transport ecosystem in such a way as it will be more convenient and safer for the consumers and it will build trust and innovative solutions to the current transportation systems.
  • Blockchain technology will also provide security for the user’s identity, age, coverage such as insurances, ability to pay while being under the protection of anonymity of the commuter’s travel information.
  • Promising businesses such as DOVU aims to change the way we live, the way we do business and the way we travel by enabling a system that is powered by data and trust.

With the fast-paced emerging of technology, blockchain has been born and now fills up the commerce and business news. It is taking everything by storm an…
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BBC

  • It’s all down to that left hand of his…

    “Basically when I started playing the guitar, I picked up a right-handed guitar.

  • ‘Cause that was all… my mom had a right-handed guitar in the house,” Bieber told Nightline.
  • My mom would switch it the other way.
  • My mom, I think it was for my birthday, she bought me a left-handed guitar.
  • And so ever since I was young I learned on a left-handed guitar.”

From Biebs to J Law, these celebs are living their best left-handed life…
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Bitcoin’s explosive gains could spell good news for stocks

#Bitcoin's explosive gains could spell good news for stocks

  • REUTERS/Lucas Jackson

    Bitcoin is trading at a record high on Monday, up 3.92% at $3,356 a coin.

  • These kinds of astronomical gains in bitcoin, it turns out, are correlated with a strong showing by stocks too, according to Nautilus Investment Research.
  • To be more specific, the firm says that of the 18 previous instances when bitcoin returned at least 30% in a month, the S&P 500 was higher 15 times two months later and 17 times three months out, averaging gains of 3.61% and 4.66%, respectively.
  • Nautilus doesn’t offer a reason, but it does note that it could just be that bitcoin is a “barometer for animal spirits in the markets.”
  • In other words, when traders are going nuts about a highly-speculative investment like bitcoin, that same risk-loving attitude might turn up among the folks who trade stocks.

Bitcoin is trading at a record high on Monday, up 3.92% at $3,356 a coin. It has gained…
Continue reading “Bitcoin’s explosive gains could spell good news for stocks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
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