Record high trade deficit, technical factors add to woes
This year ‘is likely to be a more challenging and more mean-reverting year for digital assets,’ JPMorgan strategists write.
The couple, Ilya Lichtenstein, 34, and Heather Morgan, 31, were accused in a criminal complaint of conspiring to launder 119,754 bitcoins that had been stolen in 2016 from Hong Kong-based Bitfinex.
The banking giant said Bitcoin is nearing a “hyper-adoption phase” similar to the internet in the mid-to-late 1990s.
One of the boldest claims advanced to justify the remarkable rise in the value of bitcoin towards the end of last year was that the digital currency was set to
According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number of financial advisors…
LuLu Exchange announced a collaboration with Bank Alfalah to boost the experience of cross-border payments between the two countries via RippleNet.
Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting indexes’ climb as investors looked past disappointing U.S. economic data. Despite their advances, all three major U.S. stock indexes ended the session below last Friday’s close, ending a five-week streak of weekly gains. Investors favored growth over value, with megacap tech stocks, led by Apple Inc and Microsoft Corp, doing the heavy lifting.
Stocks closed higher on Wall Street Friday, but every major index still marked its first weekly loss in six weeks. Technology and communications companies led…
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