Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction. In conversation with Cointelegraph, Hemachandra reminisced about purchasing Bitcoin mining equipment
Month: September 2020
German DAX down. Spain’s Ibex higher The major indices are closing with mixed results. The provisional closes are showing: German DAX, -0.3% France’s CAC, -0.2% UK’s FTSE 100, -0.4% Spain’s Ibex, +0.5% Italy’s FTSE MIB, +0.2% In the European debt market, the benchmark 10 year yields are higher led by UK yields up 4.7 basis points.
Hope it is more controlled Dem VP candidate Biden is speaking for the first time after the debates last night. He says: He is looking forward to the next debate (so they will go on) In the next debate he wants ability to answer questions Trump’s conduct in debate was national embarrassment His message to Proud Boys
NEW DELHI: India has cut the price of locally produced gas for October 2020-March 2021 by about a quarter to a multi-year low of $1.79 per million metric British thermal units (mmBtu), the government said on Wednesday. This would be the lowest price since 2014, when the nation began linking local rates to a formula
The forex markets are generally staying in tight range today, without much reaction to better than expected job data from US and GDP from Canada. Nor was there much movements after comments from ECB President and BoE Chief Economist. Subdued month-end trading is keeping volatility very low. Nevertheless, it’s hopeful that October would start with
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey. The report, done in conjunction with Moody’s Analytics,
Gold flat for the day, still testing the $1,900 zone. Weaker US dollar and risk appetite support upside in metals. The recovery in gold after last week sharp decline continues to be capped by the $1,900/oz area. Recently, boosted by a slide of the US dollar, XAU/USD rose to $1,902 reaching the highest level in
Modest declines ahead of the presidential debate The US stock market was relatively quiet today. The major indices all fell on the day and in the process snapped a 3 day winning streak for each. The NASDAQ remains 8% below its record high. The S&P is some 7% below its record high. The final numbers are showing:
Not a good look for risk going into European morning trade S&P 500 futures are now down ~0.8% to a fresh low and that is keeping the dollar slightly more bid as we start to look towards European trading. The ranges in the major currencies space are still relatively modest but the greenback is keeping
NEW DELHI: Gold and silver prices dropped in Wednesday’s session as investors became more hopeful of the US stimulus bill after comments from the Washington lawmakers. US House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve Mnuchin.
Asian markets trade with a mixed tone today despite strong rebound in the US overnight. Positive sentiments couldn’t carry through to the session again. Nevertheless, Yen is trading slightly weaker in general, followed by Canadian and Dollar. Aussie and Kiwi are the firmer ones together with Sterling. In particular, the Pound is maintaining yesterday’s gain
People wearing protective masks walk by a going out of business sign displayed outside Century 21 on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 27, 2020 in New York City. Noam Galai | Getty Images Bankruptcies in the New
USD/CHF eases from intraday high of 0.9216 while snapping a two-day losing streak. Successful bounce off 0.9190 takes clues from RSI strength to suggest further upside. Short-term horizontal area on the bulls’ radar ahead of the monthly top. Two-week-old rising trend line adds to the support. USD/CHF consolidates the recent jump around 0.9210, up 0.17%
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The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon. The Digital Taxonomy Act provides definitions for the terms “digital asset” and “digital unit” and would task the Federal Trade Commission
Down -5.08% The price of WTI crude oil futures continues to track lower. The number contract is currently down $2.08 or -5.08% at $38.53. The high price for the day reached $40.70. The low price extended to $38.41. Technically, the move to the downside saw increased selling pressure on the break of the 100 day moving
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