Tag Archives: News

For a long time now, FAANG stocks have been the unofficial standard by which the S&P 500 is measured. FAANG which is an acronym for five of the biggest tech and internet companies – including Facebook, Apple, Amazon, Netflix and Google parent Alphabet Inc., – were regarded by investors, traders and even analysts alike, as the stocks that account for a large percentage of the general returns gotten from the index.For the better part of 2018, FAANG pulled in amazing returns for investors...

According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity.Speaking at the Yahoo Finance Summit, CFTC chairperson Heath Tarbet said that the ETH token falls under the regulatory oversight of CFTC. He further added that in the near future, one cannot rule out the possibility of having Ethereum futures in the market. Tarbet said:“We’ve been very clear on bitcoin: bitcoin is a commodity. We...

The Intercontinental Exchange (ICE) in conjunction with their Bitcoin futures platform Bakkt is reportedly seeking to jump ahead of the CME group to release a Bitcoin options contract. This suggests that it wants to beat its CME rival that is considering a Q1 2020 launch for its Bitcoin option contract.Amsterdam-based Deribit already sells Bitcoin options but they have no standing compared to ICE or CME. Reportedly, BTC options will attract more institutional investors and enhance the...

Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer service that will operate through the Samsung Pay app. The service currently targets US users and Finablr’s subsidiary Travelex powers it.Official information shows that Finablr is a listed partner of Ripple in London. Nonetheless, this deal with Samsung has no involvement from Ripple or XRP. An official announcement...

Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...

Apple Inc. (AAPL) has had a great year in the stock market and all sentiments point to the possibility of even further improvement in the coming weeks. Already, AAPL has been crowned the best performing stock on the Dow Jones Industrial Average (DIJA) so far, as it has recorded YTD growth of over 43%. On Oct. 10, prices slightly crossed $230, setting a new dividend-adjusted all-time high and cemented a new market cap of $1.04 trillion.One of the biggest drivers for AAPL’s impressive drive is...

In its latest announcement, the custodial wing of crypto exchange Coinbase – Conibase Custody – announced support for the Gram tokens. The Gram tokens (GRM) as we all know are the native cryptocurrencies of the Telegram Open Network (TON) blockchain.In addition to the Gram tokens, Coinbase Custody will also support two other cryptocurrencies – Solana (SOL) and Orchid (OXT). Furthermore, in their official blog post, Coinbase said that this decision to support new digital currencies comes from...

Bitcoin cash price is facing a strong resistance near the $240 level against the US Dollar.The price is currently declining, but it might find support near the $220 level.There is a major ascending channel forming with support near $220 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break the key $240 resistance area to continue higher in the near term.Bitcoin cash price is struggling to gain bullish momentum above $240 against the US Dollar. If BCH/USD breaks...

The Internal Revenue Service (IRS) has published new guidelines for taxpayers who use cryptocurrencies. Already in 2014, when the IRS issued its guidelines it became clear that for tax purposes, virtual currencies – including cryptocurrencies – should be treated as capital assets. The main idea that supports such an approach is that they are convertible into cash. In other words, capital gains tax rules apply to all gains or losses attributable to digital currency.The freshest Revenue Ruling...

Charity and cryptocurrency have developed quite a partnership over the years. The latest addition to that mix comes in the form of UNICEF, the United Nations’ organization that seeks to aid starving and impoverished children across the globe.UNICEF Is at the Heart of a Crypto BoostUNICEF has announced that it will begin accepting donations in both ether and bitcoin. It is the first UN-based organization to accept crypto, which could potentially mark a huge point in crypto’s development and...