In times when Bitcoin is taking two-steps forward to reach mass adoption, a recent report from the Pennsylvania Department of Banking and Securities (PDBS) can single-handedly push the cryptocurrency four-steps back. The anonymous report, compiled by the North American Securities Administrators, listed a number of investing mediums that they consider as the most threatening to ...
Bitcoin Charts Analysis: Price to Hang between 350 and 365 After rallying from 320 to 453 at the start of this month, the Bitcoin price retreated last week to the month’s low at 351, after breaking through a number of key supporting levels. However there were some near-term bullish corrections during the 11/21 and 11/22 trading sessions, where price surged from 350 to 365 ...
US stocks declined Wednesday; just a day after the Dow and the S&P 500 closed at record highs with investors waiting to hear from the Federal Reserve and after the data indicated the housing market regaining traction. The Fed is scheduled to release the October policy meeting at 2 pm. The central bank finished the bond-buying program during the session and stuck with its pledge ...
Bank of Canada Says Currently, Bitcoin Does Not Pose a Risk to Stability in Country When a lot of governments are banning Bitcoin as they consider that the digital currency is illegal and may cause instability in their economies, the statement from an official from the Bank of Canada has come that says that it is not a concern ...
On Monday, prices of oil dropped after the one-day rally with Japan, the fourth largest importer of crude falling into recession and the OPEC meeting nearing without agreements to cut the production. The strength of the dollar against the euro, yen and other currencies weighed on oil prices. According to Reuters, the benchmark Brent crude’s contract for the front month dropped ...
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