The Justice Department has intensified its probe into crypto exchange Bitfinex and Tether, a prominent stablecoin, which some allege is artificially inflated, according to reports, including one from Bloomberg. The report comes after a University of Texas study linked issuance of Tether with increases in the price of bitcoin. In fact, this morning, a prominent Bitfinex skeptic Twitter user noted that the price of bitcoin jumped after an injection of $50 million worth of Tether.
Investing.com - Gold prices were on track for a sixth-straight session of gains on Tuesday as a string of dovish remarks from Federal Reserve policymakers and an equity selloff supported the precious metal.
The U.S. dollar Tuesday bounced back from a modestly negative performance at the start of the week, in turn putting pressure on its major rivals, the euro and British pound, that continue to grapple with local political issues.
LONDON MARKETS London’s main bourse fell sharply Tuesday amid a global rout spurred by trade tensions and losses for big U.S. tech and internet names in the U.S. How are markets performing? The FTSE 100 (UK:UKX) fell 0.
European stocks were facing their worst finish since late 2016 on Tuesday, as a global equity rout spread around the globe, with tech stocks particularly hard hit.
Latin American currencies and stocks weakened on Tuesday, extending losses from the previous session as a world-wide rout in stock markets continued. The Mexican peso fell 0.5 percent against the dollar ...
Investing.com - U.S. futures pointed to a lower open on Tuesday, with the Dow on track for a triple-digit loss amid worries over technology stocks as investors looked ahead to retail earnings.The S&P 500 futures fell 16 points or 0.60% to 2,680.0 as of 6:38 AM ET (11:38 GMT) while Dow futures were down 130 points, or 0.52%, to 24,899.0. Meanwhile tech heavy Nasdaq 100 futures decreased 72 points, or 1.08%, to 6,600.0.Technology stocks closed in the red on Monday, amid worry over demand for new Apple AAPL products over the holiday season.Apple Inc (NASDAQ:AAPL) fell 1. ...
Due to the deteriorating value of Venezuela’s fiat currency, the Bolivar Sovereign, a major department store in the country is now accepting payment in selected cryptocurrencies. Through its social media pages, Trakis announced that it will be accepting payments in Bitcoin Cash (BCH), Bitcoin Core (BTC), Dash (DASH), Ethereum (ETH) and litecoin (LTC). Could Trakis’ […] The post Venezuelan Department Store Retailer Now Accepts Payments in Cryptos appeared first on Market Exclusive.
Investing.com - Litecoin was trading at $32.135 by 03:48 (08:48 GMT) on the Investing.com Index on Tuesday, down 20.62% on the day. It was the largest one-day percentage loss since September 14, 2017.
Investing.com - The dollar slid lower on Tuesday, to trade at a near two week low against a currency basket as investors remained subdued ahead of the U.S. Thanksgiving holiday later in the week.
Investing.com - Litecoin was trading at $34.944 by 03:10 (08:10 GMT) on the Investing.com Index on Tuesday, down 14.27% on the day. It was the largest one-day percentage loss since November 19.
Investing.com - Gold prices were little changed on Tuesday even after New York Fed President John Williams (NYSE:WMB) said the Federal Reserve “will be likely raising interest rates somewhat.”
Investing.com - The dollar was flat while the Aussie slipped on Tuesday. Comments by New York Fed President John Williams received some focus as he said the Federal Reserve “will be likely raising interest rates somewhat.”
Investing.com - Cryptocurrency prices plunged on Tuesday, with Bitcoin falling below the $5,000 mark for the first time in 2018.
The Reserve Bank of India and the government have been sparring publicly over how much capital the central bank needs and how tough its lending rules should be. “The setting up of a committee to examine reserves management does not automatically mean reserves will be utilized by the government, thus alleviating some market fears,” said Mitul Kotecha, senior emerging markets strategist at TD Securities in Singapore. “The RBI appears to have gone some, albeit not all the way, towards appeasing the government in its demands,” Kotecha said.
Political uncertainty is emerging as the key risk as Prime Minister Narendra Modi is seen facing a tough electoral battle in some major states ahead of the national vote in 2019. The rupee rose Tuesday, after the Reserve Bank of India agreed to form a panel to study a government demand for a part of its capital, ending a brawl that’s dented investor confidence. “Political jitters amid state elections will be the key headwind for further rupee appreciation, while the economic factors aside from inflation haven’t been rupee friendly,” said Prakash Sakpal, economist at ING Groep NV in Singapore.
CRYPTOWATCH Bitcoin prices tumbled further on Monday, reaching their lowest level since October 2017. Coming off a week that saw the world’s largest digital currency plummet through $6,000, bitcoin has shed another 10% on Monday, falling below $5,000 to an intraday low of $4,749.
Investing.com – The dollar fell against its rivals Monday after soft housing data pointed to a continued slowdown in the U.S. housing market.
It got heated in Papua New Guinea over the weekend, where Asia-Pacific Economic Cooperation nations met to show the world how disruptive the U.S.-China trade dispute really is.
Deep divisions on trade between Washington and Beijing were evident at the Asia-Pacific Economic Cooperation summit, with leaders on Sunday failing to agree on a communique for the first time in their history. U.S. Vice President Mike Pence said in a blunt speech on Saturday that there would be no end to U.S. tariffs on $250 billion of Chinese goods until China changed its ways. "The Canadian dollar is still very much leveraged to global demand," said Bipan Rai, North America Head, FX strategy at CIBC Capital Markets.
The National Association of Home Builders’ monthly confidence index dropped to 60 in November, compared with 68 in the previous month, leading the buck to extend its losses versus rivals. The greenback had already traded rather muted earlier in the day, adding on from Friday’s weakness that came on the coattails of comments by Federal Reserve Vice Chairman Richard Clarida. In an interview with CNBC, Clarida Friday offered a more dovish view on the Fed’s monetary policy normalization path, and warned of a slowing global economy.
European markets squander early gains and end lower on Monday amid nagging political worries and a slide in shares of a key auto maker.
London’s main stock index Monday closes lower to start the week as the British pound firmed with the vagaries of politics around Brexit.
Investing.com - The dollar continued lower on Monday, adding to last Friday’s losses but hovering about the dollar index's 96 psychological handle, as investors reevaluated the future pace of interest rate hikes.