Finance

“Defendants also solicited ‘lifetime’ memberships in a more exclusive trading sector that would provide greater opportunities to profit from virtual currency trading,” the complaint said. “For example, one such opportunity purported to offer profits as much as 300% return on an investment in less than a week.” The domain Cabbage.tech appears for sale at $3,999,
0 Comments
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Citigroup. Karen Finerman was a buyer of ProShares UltraShort 20+ Year ETF. Dan Nathan was a buyer of IBM. Guy Adami was a buyer of Cypress Semiconductor. Trader disclosure: On January 18, 2018, the following stocks and
0 Comments
Payment company Square is “analogous to Amazon or Google in their early days” but Wall Street is valuing the stock all wrong, according to Nomura Instinet The firm reiterated its buy rating on the company’s stock on Friday, calling big gains in 2018 as the company disrupts the payments industry. The San Francisco-based company’s climb
0 Comments
The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail
0 Comments
Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after
0 Comments
South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to come up with stricter regulation
0 Comments
Goldman Sachs reported fourth-quarter earnings of $5.68 a share that topped Wall Street estimates, but shares edged lower in premarket trading. The company posted a net loss when factoring in a tax hit. The investment bank titan also beat on revenue, reporting $7.83 billion against estimates of $7.61 billion. However, trading revenues in the critical
0 Comments
Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple fell below $1. In fact, nearly every major cryptocurrency suffered massive losses during the day.
0 Comments
After stealing the spotlight from bitcoin in 2017, ripple has fallen more than 40 percent in the first few weeks of 2018. Ripple, or XRP, traded near $1.22 Tuesday afternoon, down nearly 47 percent for the year so far, according to CoinMarketCap. The digital currency had soared more than 35,500 percent in 2017 to end
0 Comments
Bitcoin plunged to a six-week low Tuesday after comments from South Korea’s finance minister renewed worries about a crackdown in one of the largest markets for digital currency trading. South Korea Finance Minister Kim Dong-yeon said in a radio program interview that “the shutdown of virtual currency exchanges is still one of the options” the
0 Comments
Barriers to Chinese overseas investment have risen over the past year, owing in part to the Trump administration’s “America First” agenda. The U.S. initiated an anti-dumping investigation against aluminium producers in China just last year. And even though China’s leaders have proclaimed support for economic “openness” on the global stage, the country has rules in
0 Comments
China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The China Banking Regulatory Commission (CBRC) said late on Saturday in a statement that its priorities included increasing supervision over shadow banking and
0 Comments
Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they
0 Comments
Samuel Kemp, Piper Jaffray: “We see this as the right long-term decision.” When people are selling the stock, they’re thinking: “This could lead to reduced Facebook engagement, ad impressions and therefore ad revenue,” according to Kemp. But Facebook still owns Instagram, and that could absorb any ads that don’t find a home on Facebook’s main
0 Comments
Late last year, Morgan Stanley got a tip: Reporters were asking about allegations that a high-profile executive, the former congressman Harold E. Ford Jr., had harassed a female journalist. Morgan Stanley conducted a quick investigation, interviewing the accuser and Mr. Ford, who denied the allegations. According to Morgan Stanley officials briefed on the internal process,
0 Comments