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Citi and J.P. Morgan are the two major global players when it come to electronic forex trading, which currently accounts for 80% of the global FX trading volume by customers, reveals the latest study of Greenwich Associates – a US market intelligence company.
HSBC also stands along Citi and J.P. Morgan when it comes to overall emerging markets currency trading share.
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Google remains the world’s dominant search engine, but the company’s margin growth is likely to be hurt by investments towards ensuring compliance with data privacy laws globally. Going forward, we expect rapid growth in Google's Cloud business to help margins.
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Australia has seen a drastic rise in crypto scamming for the year 2018. According to the Australian Competition and Consumer Commission, as well as other government agencies crypto scams have risen significantly the last year totaling 674 separate cases and reported losses are more than AU$6.1 million (US$4.3 million). This is an almost 200% increase to the losses suffered in 2017 (US$1.48 million). The information comes from the tenth annual “Targeting Scams” report of the ACCC.
Reading through the report it seems the gist of the scam is quite straightforward with online scammers appealing to traders through fake trading platforms and promises of major winnings on crypto currencies. Of course, once the consumer wishes to withdraw said winnings a technical problem occurs or the people behind the website simply stop answering. Some reports tell us that clients were asked by scammers to visit nearby bitcoin ATMs to convert fiat into cryptocurrency and transfer it to them. All in all, the ACCC reports that victims of investment scams for 2018 lost a total of $1.83 million in cryptocurrencies.
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The other takeaway from Gundlach's presentation is implicit, not explicit: this is not a good time to be holding equities, a stance the market seems to be belatedly adopting in today's trading.
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Bitcoin prices surpassed $6,000 today, breaking through a key resistance level that could lead to sharp upside.
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The digital currency exceeded this price level shortly before 9:00 p.m. EDT, reaching $6,076.65 within a half hour, CoinDesk data reveals.
The cryptocurrency could experience substantial gains if it establishes itself above $6,000, several analysts have predicted.
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An hour after Binance, one of the biggest crypto currency exchanges, announced that it was hacked for over 40 million USD, the company is still not sure how extensive the breach is and whether hackers are not continuing to siphon coins out of its system.
On Wednesday Binance CEO Changpeng Zhao asked customers for forgiveness in a YouTube video, admitting that they still do not know the number of customers affected.
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The USA is the country with the highest number of crypto account holders in the world, a recent report by the DataLight, an Estonian market research company, shows.
For a month Americans have visited crypto exchange websites just over 22 million times, followed by Japanese, who visited such sites 6,1 million times, South Koreans with 5,7 million visits and Brits with 3,9 million visits.
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JPMorgan Chase is the largest public company in the United States, according to the 17th annual Forbes Global 2000 list.
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Li has long been one of the most recognized faces in China’s vast Internet industry
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Out of the top five world e-retailers ranked by online sales in 2018, three are from the US and two are from China. The Chinese e-retailers show significantly higher growth rates compared to the US ones.
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