News Stocks 

U.S. companies continued stock buyback frenzy in May: report

“(Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report” writes Midwest Communications Inc for 95kqds.com. It cited a surge in dividends and stock buybacks after sweeping corporate tax cuts introduced by Republicans late in 2017.In May U.S.-listed companies also sold new shares at the fastest pace in three years, but cash takeovers of companies with U.S. listings fell to a three-month low, according to TrimTabs Investment Research.The high number…

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News 

Click Frenzy Mayhem 2018 deals: Roundup of best bargains

“Click Frenzy Mayhem 2018 kicks off tomorrow at 7pm at clickfrenzy.com.au, with 99 per cent off some items, including special Go Nuts deals for subscribers” writes Alexis Carey for news.com.au. And in November last year, many Click Frenzy shoppers were left disappointed after a number of web pages at partnering retailers failed to keep up with the sudden surge in demand.Also, be sure to refresh your page regularly to make sure you don’t miss it,” Mr Arnott said. “You must subscribe at www.clickfrenzy.com.au — it’s free, and Click Frenzy does…

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Crypto Markets News 

Bitcoin frenzy settles down as big players muscle into market

“Thomas Lee, managing partner and co-founder of Fundstrat Global Advisors in New York, said the bitcoin market is languishing in a “purgatory” phase somewhere between a bear and a bull market” reports businessinsider.com. But a Thomson Reuters survey this week found one in five financial institutions is considering trading cryptocurrencies in the next 12 months.A worldwide wave of regulation has led to a collapse in trading volumes.Several exchanges saw their daily trading volumes drop by more than half between December and March, including Bitfinex, Poloniex, Coinbase and Bitstamp, the data…

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Crypto Markets News 

South Korea Clamps Down on Bitcoin Trading Amid Market Frenzy

“Nowhere, though, has the frenzy over virtual currencies been as fevered, or as sudden, as in South Korea” writes Raymond Zhong for nytimes.com. Requiring that trading take place using real names brings virtual currencies like Bitcoin more in line with other financial products in South Korea.South Korea will require people who trade Bitcoin and other virtual currencies to do so under their real names, the country’s government said on Thursday, as part of efforts to curb speculation. Source: nytimes.com Share This:

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Brokers Crypto Markets News 

Record market highs and bitcoin frenzy are waking up retail investors

“After years of muted trading activity, the retail investor appears to be waking up, and bitcoin can claim partial credit” writes Scott Eells for cnbc.com. But there are other reasons for the rally besides tax cuts.And with good reason: Sandler O’Neill estimates that online brokers will see an 18 to 20 percent increase in earnings in 2018 under this tax-friendly scenario.Shares of online brokers have been rallying, especially since the tax cuts got real at the end of November, when the Senate Budget Committee advanced the legislation.”Trading activity usually quiets…

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Crypto News 

South Korea Seeks Measures to Curb Bitcoin Frenzy

“Separately, Woori Bank and Korea Development Bank will shut down virtual accounts offered to cryptocurrency exchanges before year-end, according to the banks” writes Kyungji Cho Shinhye for bloomberg.com. Korea premium is down to about 3% from about 30% last week South Korea will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation’s frenzied speculation.Monthly cryptocurrency trading volume on South Korea’s largest exchange Bithumb surged to 56 trillion won ($51 billion) in November from 305…

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Crypto News 

Apple Lets Fake Ethereum Wallet Sneak into App Store, Climbs to #3 During Weekend Bitcoin Frenzy

“Apple let a fake Ethereum wallet sneak into the App Store” writes Bryan Chaffin for macobserver.com. Cryptocurrencies are stored in wallets, and there are many legitimate cryptocurrency wallets on the App Store.The app was technically a wrapper for MyEtherWallet.com, a popular and legitimate Ethereum wallet.The app could have been designed to steel credentials or just outright steal Ethereum right out of the wallet.The good news is that the app has been pulled since TechCrunch broke the story early Monday morning. Source: macobserver.com Share This:

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Crypto News 

Bitcoin soars above $17,000, boosting worries and a worldwide frenzy

“As bitcoin prices were setting records, hackers this week reportedly made off with $70 million in the digital currency after targeting NiceHash, a cryptocurrency platform” reports washingtonpost.com. GDAX on Thursday reported bitcoin’s price of more than $17,000.It launched as a digital currency – without physical coins such as dimes or nickels – and was accompanied by an online payment network, similar to Paypal.Yet, for Wall Street investors, bitcoins have remained a fringe product, too awkward — and potentially hazardous — to buy and sell. Source: washingtonpost.com Share This:

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Crypto Futures Markets News 

The bitcoin frenzy right now is like dot-com bubble in 1995, digital currency hedge fund manager says

“If you look at the internet in 1995, that’s where you are in digital currencies,” said Kelly, portfolio manager of the BKCM Digital Asset Fund” writes Dado Ruvic for cnbc.com. Nasdaq, meanwhile, plans to launch its own bitcoin futures as early as the second quarter of 2018.”That being said, there’s a massive runway here digital currencies.”. In addition to trading bitcoin in the unregulated cash market, CME Group and Cboe Global Markets are set to unveil bitcoin futures, which add a layer of federal government oversight.Cboe bitcoin futures are set…

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Crypto Markets News 

A Bitcoin Frenzy Like No Other Is Gripping South Korea

“The craze has spread so far that, in Korea, bitcoin is trading at a premium of about 16 percent over prevailing international rates” writes Kyungji Cho Yuji for bloomberg.com. Like thousands of South Koreans, Moonsung Bae is infatuated by bitcoin.So many Koreans have embraced bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth.There’s no definitive explanation for why bitcoin has grown so popular in Korea, but local analysts point to a mix of geopolitical and cultural factors.Kim adds to his holdings of bitcoin and about…

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