Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

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Bitcoin’s Price Surged From $1,000 To Over $13,000 In One Year

The price of bitcoin was one of the biggest Wall Street stories of 2017. At one point, the digital currency surged more than 1,900 percent. On Jan. 1, 2017, the price of bitcoin passed $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. On Jan. 1, 2018, the price of bitcoin… Please follow and like us:

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Innovative Securities: Higher Risks May Come in 2018

Innovative Securities: Higher Risks May Come in 2018 BUDAPEST, Hungary, Dec. 29, 2017 /PRNewswire/ – We are living in the decade of bullish markets. Because of record returns (and low interest rates) retail money floods the market. What could next year hold for the investors after all this? Innovative Securities’ prognosis tries to answer. In 2017,… Please follow and like us:

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Move Over Bitcoin: Zcash, Monero And Other Altcoins To Watch In 2018

Bitcoin prices surged this year from around $1,000 on Jan. 1, according to CoinMarketCap, to around $15,800 by the last Wednesday of 2017. Ethereum, arguably the world’s second most popular blockchain network, skyrocketed from around $8 at the start of 2017 to more than $755. Many cryptocurrency newbies are now pondering which cryptocurrencies they should watch… Please follow and like us:

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Top 10 Financial Terms of 2017: Investopedia

Investopedia, an online provider of financial content, has announced its list of the top financial terms of 2017. The list reflects investor interest, key trends and news events during the year as measured by search volume and percentage gains. “Investors clearly have disruptive technology on the mind this year,” Investopedia’s chief executive, David Siegel, said in… Please follow and like us:

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Bitcoin Is an Implausible Currency

Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous column I tackled the question of whether… Please follow and like us:

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Last year in tech: 2017 edition

Fidget spinners, iPhone X, tons of hacks, and all the important tech stuff from this past year. Magic Leap Goggles We have seen some things. Oh my, have we seen some things. Magic Leap Year-end wrap-ups are the best. We get to sit here in our new holiday pajamas and dish out harsh judgments on everything… Please follow and like us:

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Coinbase Down: As Bitcoin Price Falls, Exchange Temporarily Halts Buying, Selling

Friday’s sudden plummeting of bitcoin prices has people asking if the cryptocurrency bubble is popping and now a major player in the space is temporarily halting all buying and selling on its exchange. Coinbase announced the news on its site Friday morning. “All buys and sells have been temporarily disabled. We are working on a fix… Please follow and like us:

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Amid Euphoria In US, European Equity Managers Still Very Cautious

While US investors seem to be bullish on the outlook for equities, it seems European equity managers are more cautious on the outlook for stocks in the year ahead. Earlier this week, Bank of America issued its weekly client flow trends report, which showed that private clients purchased a net $1.3 billion of stocks last week… Please follow and like us:

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Final Bill Brings New End-of-Year Tax Tips as 2017 Year-End Deadline Approaches

Final Bill Brings New End-of-Year Tax Tips as 2017 Year-End Deadline Approaches FOLSOM, Calif., Dec. 20, 2017 /PRNewswire/ – TaxAudit, the tax audit representation specialists, has updated its 2017 year-end tax tips to reflect the new tax bill coming into effect next year. TaxAudit offers income tax audit representation to individual taxpayers, small businesses, and professional… Please follow and like us:

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How Bitcoin Futures Trading Could Burst The Cryptocurrency’s Bubble

A new wave was added to the never-ending Bitcoin mania when the Chicago Board of Exchange (CBOE) became the first major derivative exchange to launch Bitcoin futures on December 10. Such was the euphoria among early investors that trading was halted twice due to CBOE speed breakers, which slow or pause trading when price movements are… Please follow and like us:

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Who Is Going To Call The Top In Bitcoin? Morgan Stanley Says They Might Have A Model

In the alternative investment industry, there is an unpublished list of all-time excellent risk management trades. There is Balyasny Asset Management logically modeling in 2015 that the US Federal Reserve withdrawing quantitative stimulus might lead to a crash and adjusting its risk management overlay accordingly. There is Jim Chanos and Kynikos Associates calling out fraud at… Please follow and like us:

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2017: The year the bitcoin craze reached Wall Street

Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin started the year at $1,000 per unit in January but by mid-December… Please follow and like us:

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White House blames North Korea for ‘Wannacry’ ransomware attack

The White House said Tuesday that North Korea was directly responsible for a “reckless” ransomware attack in May that struck computers in about 150 countries. Thomas Bossert, counterterrorism adviser to President Trump, said the U.S. has evidence that “cyber affiliates of the North Korean government” were involved in the attack. “This was a careless and reckless… Please follow and like us:

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Why You Should Invest In Litecoin Instead Of Bitcoin

Cryptocurrencies remain topical as Litecoin has taken center stage, leaving Bitcoin vying for attention. While investors are cautiously monitoring Bitcoin’s fundamental scalability issues, those in the know are hedging their bets into up-and-coming cryptocurrencies such as Litecoin, which has increased over 200 percent in less than five days. We are all chomping at the bit —… Please follow and like us:

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