St. Louis Fed Adds Cryptocurrency Prices to FRED Database
Earlier this week the St. Louis Federal Reserve Bank quietly added price data on four cryptocurrencies to its vast FRED database.
Banking, finance, and taxes
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South Korean Crypto Exchange Robbed of $31 Million
South Korean cryptocurrency exchange Bithumb was hit by an attack last night that netted thieves an estimated $31 million. Details are scarce, but the government authorities have been notified and are investigating.
Bank Group Savages Cryptocurrencies
The Bank for International Settlements has issued a report that questions whether cryptocurrencies have any future at all.
American Express Busts Out New Cash Back Card
American Express announced that it is launching a new cash-back card that offers users even greater flexibility. The card is expected to gain some traction among millennial spenders who simply want a way to…
US Commodities Regulator Meets Cryptocoin Issuer in Court
A federal district judge in Massachusetts will hear a case beginning Thursday on alleged fraud and misappropriation of $6 million against a cryptocurrency issuer. The defence argument goes to the question of whether the…
Was There Some Funny Business Going On When Bitcoin Prices Soared?
Two researchers at the University of Texas have found "substantial support" for the belief that price manipulation may be the cause of significant distortion in cryptocurrency markets.
H&R Block Stumbles Despite Strong Earnings
H&R Block, Inc. (NYSE: HRB) released its fiscal fourth quarter financial results after the markets closed on Tuesday. The company said that it had $5.43 in earnings per share (EPS) and $2.39 billion in…
Short Sellers Grow More Selective on Major Banks
The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the major financial institutions in…
Was Bitcoin’s Weekend Plunge Caused by a Hack?
Digital currency Bitcoin dropped about 10% of its value over trading this past weekend following a reported attack on a South Korean cryptocurrency exchange.
US Government Panel OKs Genworth Sale to China’s Oceanwide Group
A Chinese conglomerate has received approval from a U.S. government committee to acquire insurer Genworth Financial for $2.7 billion. This is an important, but not final, step in closing the deal.
Big US Banks Have Been Hammered: 4 Top Stocks to Buy Now
Large-cap banks have been hit hard recently but could offer growth investors the best entry points in years.
Wedbush Adds PayPal to Its Best Ideas List
One of the firms followed here at 24/7 Wall St. is regional boutique broker Wedbush, who over the years has built a strong reputation on stock picking, often following companies that have smaller market…
SEC Appoints First Cryptocurrency Chief
The U.S. Securities and Exchange Commission on Monday appointed its first senior official whose job is to make sense of the fast-growing world of digital currencies and assets.
Security Tokens: An Emerging Opportunity in Crypto
Doug Clinton of Loup Ventures begins a multi-part series on cryptocurrency assets known as tokens and how the SEC might treat tokens as securities in order to regulate their trading.
Over $600 Billion in Cryptocurrencies Traded in May
Cryptocurrency trading volume topped $600 billion in May, a massive amount to be sure, but far less than April volume.