Day: February 13, 2020

Bloomberg Channels Sun Tzu to Hit Trump Where Rival Dems Can’t

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Donald Trump may have met his match in Mike Bloomberg. Leveraging classic tactics from “The Art of War,” the former NYC mayor is using his wealth to lean on President Trump’s billionaire brand. The DNC’s tired tactics have only solidified Trump’s support base. Bloomberg is not making that mistake. Mike Bloomberg is surging in the polls. His limitless resources have allowed him to pounce on the miserable decline of Joe Biden. His next challenge? Fending off Donald Trump’s height jokes. No problem there. The former New York City mayor is…

B2C2 Teams With SFOX Exchange to Bring Transparency to OTC Trades

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B2C2, a London-based over-the-counter (OTC) market maker, is sharing its data and allowing transactions on the Los Angeles-based exchange aggregator SFOX. The partnership began at 10 a.m. Eastern time (15:00 UTC) Wednesday. It offers traders more access to price discovery in a thinly traded cryptocurrency market that lacks transparency. It also allows traders to view comparative pricing with exchanges and over-the-counter markets.  Price discovery is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers.  The B2C2 OTC price feeds available on…

Alibaba CEO’s Coronavirus Warning Spells Doom for the Stock Market

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Alibaba’s CEO called the coronavirus a “black swan event” Thursday. His analysis has disastrous implications for the stock market. While he spoke, new coronavirus cases spiked at a frightening pace. The stock market seems to be shrugging off coronavirus fears since it became a pandemic last month. Amid startling news of drastic measures taken in China to contain the disease, the Dow Jones charted a new record Wednesday. But the rally did lose steam Thursday after the previous evening saw a massive spike in new cases. Chinese officials confirmed over…

Alibaba CEO’s Coronavirus Warning Spells Doom for the Stock Market

boss

Alibaba’s CEO called the coronavirus a “black swan event” Thursday. His analysis has disastrous implications for the stock market. While he spoke, new coronavirus cases spiked at a frightening pace. The stock market seems to be shrugging off coronavirus fears since it became a pandemic last month. Amid startling news of drastic measures taken in China to contain the disease, the Dow Jones charted a new record Wednesday. But the rally did lose steam Thursday after the previous evening saw a massive spike in new cases. Chinese officials confirmed over…

Dow Struggles as Coronavirus Panic Inflames U.S.-China Tensions

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The Dow Jones struggled on Thursday as the Trump administration changed its tune on China’s handling of the coronavirus epidemic. Top economic official Larry Kudlow stated the U.S. is “disappointed” with how events were playing out. Despite an inevitable economic shock, some Dow bulls believe the spike in infections could be good news for the stock market. The Dow Jones sputtered toward a dismal showing on Thursday after China’s decision to adopt more accurate reporting statistics triggered a sudden spike in the number of confirmed coronavirus cases. While stock market…

Anthony ‘Pomp’ Pompliano Suspended From Twitter

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As of press time on Feb. 13, the Twitter account of the co-founder of Morgan Creek Digital and noted crypto personality Anthony Pompliano has been suspended. Pompliano, known to the crypto community as “Pomp,” is a noted supporter of cryptocurrency assets in general and Bitcoin in particular. Earlier this week, he predicted that BTC’s price was already en route to $100,000.  No explanation has been provided at this time. However, this is not the first time that Twitter’s relationship to crypto has been hostile. In 2018, the social media platform…

The US Government’s Mixed Signals on Digital Currency Privacy

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To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy.  On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin said his agency’s Financial Crimes Enforcement Network, or FinCEN, is planning stricter regulations on anti-money laundering and crypto.  At the same time, the CEO of DropBit was arrested on money laundering charges around a bitcoin (BTC) mixing service he allegedly ran between 2014 and 2017. In this new enforcement regime, one of the government’s…

The US Government’s Mixed Signals on Digital Currency Privacy

boss

To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy.  On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin said his agency’s Financial Crimes Enforcement Network, or FinCEN, is planning stricter regulations on anti-money laundering and crypto.  At the same time, the CEO of DropBit was arrested on money laundering charges around a bitcoin (BTC) mixing service he allegedly ran between 2014 and 2017. In this new enforcement regime, one of the government’s…

Explosion in Coronavirus Cases Sends Gold to 10-Day High

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Gold peaked at $1,518.70/oz. Thursday and is on track for its highest settlement in ten days. Alarmed by the recent spike in coronavirus infections, investors piled into bullion and other haven assets to mitigate risk. U.S. consumer-price growth was muted in January but above trend compared with a year ago. The price of gold rallied on Thursday after an unexpected surge in reported coronavirus infections curbed appetite for risk. While stocks have recovered from an early-morning slump, gold continued to hold gains heading into the close. Gold Rallies, Silver Follows…

Coinbase Fails to Top CryptoCompare’s Exchange Rankings due to 2019 Flash Crash

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Coinbase, one of the most popular platforms in the United States, missed out on the number one spot in a ranking of crypto exchanges due to a 2019 Bitcoin (BTC) price glitch. The major U.S. crypto exchange and wallet service did not get to the top of the latest CryptoCompare’s crypto Exchange Benchmark rankings because its institutional trading arm Coinbase Pro experienced a major Bitcoin price flash crash in October 2019. CryptoCompare confirmed to Cointelegraph that the glitch was the primary reason behind the five-point drop for Coinbase in the…