Business

Or pullback a cause for concern?Should we be concerned that the bitcoin has stalled just as it appeared poised to take off?Bitcoin has pulled back in recent days, with the price falling from around $41,000 to roughly $37,500. The move came just as many were speculating that cryptos are back after their late spring /early...

Federal authorities in Russia are moving forward with a plan to closely monitor cryptocurrency activity for illicit transactions and deanonymize crypto users’ identities.The Russian Federal Financial Monitoring Service, also known as Rosfinmonitoring, has selected a contractor for developing a platform for tracking cryptocurrency activity. According to data from Russia’s state...

Gainers included Dutch-based tech and internet investment group Prosus N.V. PRX, +2.97%, which rose over 3%. Its largest investment is in Chinese tech giant Tencent 700, +2.42%, whose shares rebounded on Wednesday from a prior-session pullback.German sportswear maker Adidas ADS, +4.18% and chip equipment maker ASML Holding ASML, +2.08% ASML,...

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

According to data from HypeEquity, which tracks social media sentiment on individual tickers, mentions of Robinhood stock were up a staggering 23,000% late Tuesday and continued to rise into Wednesday’s session.Those mentions of Robinhood shares were dominated by keywords ike “Option,” and “Buy,” revealing a mostly bullish sentiment on the...

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Rio Tinto Ltd. is set to ship a pilot lithium processing plant to Serbia from Australia in coming weeks, the culmination of a decade’s research to catapult the world’s largest iron ore miner into battery minerals.The work, undertaken at a science hub on the outskirts of Melbourne, has found a...

Shares of Robinhood Markets Inc surged 65% minutes after the open on Wednesday, as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last weekThe 24% surge in Robinhood’s stock on Tuesday elevated it...

Investigations into the South African company Mirror Trading International (MTI) — widely seen as last year’s most ruinous Bitcoin (BTC) Ponzi scheme — are now engaging the United States Federal Bureau of Investigation.MTI, which went into provisional liquidation in December 2020, claimed to have over 260,000 members across 170 countries...

Marc Andreessen, co-founder and general partner at venture capital firm Andreessen Horowitz (also known as a16z), made a case for crypto and blockchain as the most significant new architecture change in the tech industry.In a Bloomberg Wealth interview with David Rubenstein, Andreessen reframed the terms of the debate and shifted...

The importance of storage and passwords is best known by crypto enthusiasts who know how easy it is to lose access to their digital assets. A recent survey conducted by Cryptovantage named “Coin Storage Security: A closer look at crypto storage and passwords” aimed to identify investors’ sentiment toward the...

Spanish lawmakers are backing a new legal initiative to legitimize the cryptocurrency and blockchain industry by proposing a new bill on digital transformation.The new draft bill was introduced by Spanish political party the People’s Party (PP). It aims to drive innovation in multiple industries through regulating emerging technologies such as...

A recent run-down in the United States Dollar Index (DXY) stopped midway as investors awaited U.S. job data for a guide on the viewpoint for interest rates. Meanwhile, Bitcoin (BTC) moved inversely to the greenback.The DXY rose to its intraday high of 92.195 on Wednesday, up 0.45% from its Friday...

Amid the chorus of stringent crypto regulations among several United States leaders, proponents such as Galaxy Digital CEO Mike Novogratz look to counter anti-cryptocurrency sentiments circulating in Washington.Tweeting on Tuesday, Novogratz described crypto as the “future of our financial systems” while adding politicians and regulators ought to do their homework...

Bitcoin (BTC) hit 24-hour highs later on Aug. 4 as fresh comments from the United States regulatory sphere boosted flagging price action.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGensler bullish on Bitcoin's "potential"Data from Cointelegraph Markets Pro and TradingView confirmed local highs above $39,000 on Bitstamp, with BTC/USD jumping 2% in an...

Crude prices are facing pressure this week as the spread of the delta variant of the coronavirus that causes COVID-19 stokes concerns about the outlook for demand, particularly in China, the world’s second largest economy.“The risks to demand in China remain the number one topic,” said Barbara Lambrecht, analyst at...

Data on U.S. private-sector payrolls activity for July from ADP is due at 8:15 a.m. Eastern, though economists note that the figures are often not a reliable guide to the Labor Department’s official jobs report from month to month, which is due Friday. Economists look for the ADP data to...

Since the Bank of England last issued an economic forecast, in May, U.K. economic data have remained strong while inflation has surprised to the upside. New coronavirus cases have also come sharply lower.“Although the most likely outcome remains that the BoE will keep its main policies unchanged at this week’s...