Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said it was to be expected. “Whenever there’s an exchange hack, people get scared and the
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The acting director of the Consumer Financial Protection Bureau says until the agency breaks out of Senator Elizabeth Warren’s shadow, it cannot operate as a “gold-standard” regulator. “We are still Elizabeth Warren‘s baby,” CFPB Acting Director Mick Mulvaney said at the Future of Fintech conference in New York Wednesday. “Until we break that we will
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If you want to have a financially savvy college student, start talking to your child about money while she’s still in diapers. It’s never too early to begin talking to your kids about financial literacy, said certified financial planner Marguerita M. Cheng, CEO and co-founder of Blue Ocean Global Wealth in Gaithersburg, Maryland. “The key
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Check out the companies making headlines before the bell: Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs. General Electric –
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South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:
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As the first major economy to fully legalize cannabis, Canada’s regulatory rollout will be closely watched by other nations considering the same path – and by global investors, who have already poured billions into Canadian marijuana firms. Canadian marijuana companies like Canopy Growth, Aphria, Horizons Marijuana Life Sciences ETF and Aurora Cannabis have been at
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Oracle reported better-than-expected earnings for its fiscal fourth quarter after customers spent more money on cloud services. The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. But after the company provided guidance, the stock tumbled. Here are the numbers: Earnings: Excluding certain items, 99 cents per share vs.
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The most common way financial assets are forgotten, and then “escheated” by the state, is by not organizing your financial affairs and leaving investment accounts at multiple financial institutions. Escheat occurs when unclaimed financial assets, such as those in a bank or investment account, have been dormant for a long period of time. These assets
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