The Securities and Exchange Commission suing Ripple Labs and the token asset XRP poses a significant risk to the broader cryptocurrency sector. At stake is the classification of digital assets, which have been on a roll in recent years amid widespread adoption. Ripple Delisting The Ripple standoff emanates from the SEC reiterating that Ripple Labs
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The number of COVID-19 cases following a second wave might be rising in Arizona and the US but Phoenix residents have had enough of Mask and stringent health guiders. Videos of anti-mask protesters in Phoenix’s Christown Spectrum mall have gone viral as residents complain about coronavirus health guidelines. Video of anti-mask protests inside Target store
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Bitcoin’s meteoric rise in 2020 continues to arouse interest from various quarters. With the crypto at record highs and showing signs of edging higher, investors are increasingly jostling for positions. Anthony Scaramucci is the latest to affirm he is bullish about the flagship cryptocurrency long term prospects. Growing Bitcoin Investments The former Trump administration, Communication
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U.S real estate has started feeling the effects of the COVID-19 pandemic. Soaring home prices is the latest tailwind to hit the sector, which has so far remained resilient amid the challenging macro environment. Likewise, home sales contracted for the first time in more than six months as dwindling supply triggered a surge in prices.
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As we come into the holiday weekend the stock market is showing a bit of volatility. But that’s to be expected with the chaos surrounding a potential stimulus package and a bill that is expected to stem a government shutdown. The Dow Jones closed up 0.38% to finish at 30,129.83. The NASDAQ closed down 0.29%
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Congress passed a COVID relief bill along with the government funding needed to keep the federal government going after the Christmas holiday. But where there was initially strong conviction that President Trump would sign the bill into law, allowing stimulus checks to begin going out in only a few days, there is now cause for
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Even with an expanding economy in November the United States appears to be slowing even more as November was the worst on record yet for new coronavirus cases and the effects of that just keep rippling through the system. A measure that consolidates multiple measures to show total growth was at its lowest number since
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As the wait is back on for a stimulus package for businesses and individuals to come through congress gets longer and the time before the holiday recess in markets gets closer investors eyes are officially looking at 2021. This is also a big couple of trading days for Tesla, as it’s stock price at the
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The Chinese government is ramping up regulatory pressure on big tech and financial institutions. Regulatory pressure has been pilling in recent weeks as the government looks to be in full control and curtail the amount of power that big tech companies wield. Immediate reports indicate that famed billionaire, Jack Ma, offered to hand over parts
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Lockheed Martin Corporation (NYSE: LMT) means business on space expansion. The aerospace giant has inked a deal to acquire rocket engine manufacturer Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD). Under the terms of the deal, the company is to pay $56 a share for Aerojet’s shares, representing a 33% premium. Aerojet Rocketdyne Acquisition The deal values
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The U.S is under siege in the aftermath of a massive cyber-attack, allegedly propagated by operatives with ties to Russia. Immediate reports indicate that as many as 200 organizations have been hacked, including the U.S Treasury and Commerce departments. According to people familiar with the matter, the hacks appear to be the tip of the
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This didn’t go so well to close out the week as all three of the major New York stock exchanges fell over the course of the day. The Dow Jones fell 0.41% to close at 30,179.05. The NASDAQ fell 0.07% to close at 12,755.64 and the S&P 500 fell 0.35% to close at 3,709.41. STOXX
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Even with an expanding economy in November the United States appears to be slowing even more as November was the worst on record yet for new coronavirus cases and the effects of that just keep rippling through the system. A measure that consolidates multiple measures to show total growth was at its lowest number since
0 Comments
As the wait is back on for a stimulus package for businesses and individuals to come through congress gets longer and the time before the holiday recess in markets gets closer investors eyes are officially looking at 2021. This is also a big couple of trading days for Tesla, as it’s stock price at the
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How high can Bitcoin go? That’s the million-dollar question in the burgeoning cryptocurrency sector. The flagship cryptocurrency has taken the market by storm, in recent days, edging high and registering new all-time highs. Bitcoin Rally A breach past the $20,000, while expected, came on colossal volume, conversely propelling Bitcoin through the $22k level and finally
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Robinhood has been seeing some increased market share of late as more and more people turn to the relative newcomer on the investing block. They’ve made a name for themselves with new investors and those looking to get started with some of their favorite companies with smaller investments than traditional investors required. But now they’re
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Cryptocurrencies and Blockchain’s popularity continues to edge higher by the day. The rapid growth stems from friendly regulation as well as an acknowledgment by world powers that the emerging spectacle has the potential to transform the broader financial sector among other sectors. While the focus for the longest time has been on Bitcoin, Ether also
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The stock market saw another mixed day today, with numbers coming in at moderate numbers. The Dow Jones fell 0.15% to close at 30,154.54. The NASDAQ rose 0.50% to close at 12,658.19 and the S&P 500 rose 0.18% to close at 3,701.17. STOXX Europe also closed up today by 0.79% to finish at 395.95.  
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