Sep 26, 2020 at 13:00 UTC
(AlexSava/iStock via Getty Images Plus) Why the Stock Market is Poised for Its Worst September Since 2011
Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April.Here’s what’s going on.
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This episode is sponsored by Crypto.com , Bitstamp and Nexo.io .On this edition of The Breakdown weekly recap, NLW looks at the fourth painful week for traditional markets in a row.
He discusses the factors contributing to the trouble, including: A normal correction from too-high valuations The return of COVID-19 lockdowns The end of easy recovery gains Diminishing likelihood of a stimulus bill Election volatility This week on The Breakdown:
For more episodes and free early access before our regular 3 p.m.Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.Share this: Bitcoin Plunges $403 in 1 Hour to Lowest in a Month Sep 3, 2020 at 13:00 UTCUpdated Sep 3, 2020 at 13:30 UTCBitcoin hourly price chart.
(TradingView)Bitcoin (BTC) tumbled about $403 in an hour early Thursday, deepening a two-day sell-off that pushed the largest cryptocurrency to its lowest point in a month.The price was down 4.9% on the day to $10,838 as of 13:09 coordinated… DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say (Keenan Constance/Unsplash)DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers SayDecentralized finance (DeFi) has been clogging the Ethereum network, but not in the way most analysts would have guessed.
An architectural quirk in the most-used software version of Ethereum, Geth, has led to an uptick in the practice of spamming the network to secure trade… CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity news CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity.Speaking at the Yahoo! Finance All Markets Summit Thursday, Tarbert said he believes ether is not a security.“We’ve been very clear on bitcoin: bitcoin is a commodity.We haven’t said anything about ether – until now,”… Baidu Launches Plug and Play Blockchain Platform for Dapps news Chinese search giant Baidu has launched a blockchain platform aimed to simplify commercial deployment of decentralized apps, or dapps.Officially announced by Baidu Cloud on Thursday, the Baidu Blockchain Engine (BBE) platform is touted as a kind of operating system allowing developers to produce blockchain applications “just like mobile apps,” and get around the storage and computing… Token Exchange DX.Exchange Says It Has Patched Security Vulnerability news Security token trading platform DX.Exchange says it has patched a security vulnerability that allowed anyone to access user authentication tokens.DX.Exchange, which went live on Monday, offers crypto tokens representing shares in a number of Nasdaq-traded firms.
The company uses Nasdaq’s matching engine and financial information exchange protocol to facilitate the trading of these… Ethereum’s Biggest Enterprise Group Is Releasing New Software Specs The Enterprise Ethereum Alliance (EEA) has released its latest round of specifications – the next steps to harmonizing the way large companies use private versions of the second-largest blockchain.Announced Monday at Devcon4, the annual ethereum developer conference, EEA (the largest blockchain consortium, with 500 members) released its Client Specification Version 2, which lays out… Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges Jan 3, 2020 at 21:55 UTCUpdated Jan 3, 2020 at 21:56 UTCSEC image via ShutterstockThe U.S.Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S.Meenavalli, on charges of fraud.According to an SEC press release Friday, Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related… UK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on Bitcoin Dec 17, 2019 at 12:00 UTCUpdated Dec 17, 2019 at 12:08 UTCObi Nwosu, CEO and founder of Coinfloor: CoinDesk archivesUK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on BitcoinCoinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum next month, citing an unclear future of hard forks and the need for onerous technical… Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low markets Bitcoin (BTC) tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.
The world’s largest cryptocurrency by market capitalization fell to $3,200 on Bitstamp at 00:15 UTC – the lowest level since September 2017.BTC was trapped in a five-day-long narrowing price range 24 hours ago and… Leave a Reply You must be logged in to post a comment.Search.
