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Tag: trading

Crypto News Platforms 

Early BitMEX Investor Files Suit Against the Platform

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“In November, it was revealed that email data belonging to the customers of BitMEX had been leaked during a security breach” writes Nick Marinoff for livebitcoinnews.com. BitMEX – one of the world’s largest and most prominent bitcoin and cryptocurrency exchanges – is being sued by one of its early investors over potential fraud and lost equity.Court documents suggest that Hayes may have worked to conceal the equity owed to Amato and to hide information relating to his investments. Source: livebitcoinnews.com

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Crypto Markets News 

Analysts Say Whales’ Presence Is About to Get Larger

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“Analysts say that the presence of whales is about to get a lot stronger considering the bitcoin price is slated to rise heavily in the coming years” writes Nick Marinoff for livebitcoinnews.com. Whales are a big problem in the crypto space in that they can heavily influence bitcoin’s behavior and increase its volatility.Whales are individuals who carry a lot of crypto in single accounts.Whales are widely considered to be “crypto rich,” often housing anywhere between 1,000 and one million bitcoins in a single account. Source: livebitcoinnews.com

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Markets News Stocks 

Drop in leading stocks pushes EGX30 to decline further, though expected to bounce back this week

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“On the other hand, the market capital was EGP 686.6bn during the last week, down 1.23% from the week before last” writes Fatma Salah for dailynewssegypt.com. The broader EGX100 index fell 1.57% to 1,360 points, and the EGX30 Capped index down 2.4%, closing at 15,784 points.Kamal expected the market to bounce back at the beginning of this week and test its resistance point at 13,500 points and then 13,700 points.Amin expected the index to move in the medium term between 13,000 and 15,000 points, predicting the market to rise again.…

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News Stocks 

200K Users ‘Already in Line’ for Robinhood’s Fractional Stock Trading

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“More than 200,000 Robinhood clients have already expressed their intent to use its new fractional stock trading app announced yesterday” writes Helen Partz for cointelegraph.com. Robinhood, a major California-based financial services firm that is known for its zero-fee crypto trading app, has announced its plans to launch fractional stock-trading on Dec. 12.In late October, Twitter CEO Jack Dorsey’s financial services firm Square announced it will offer users the ability to trade fractions of a stock for as little as $1 on its Cash App.Vladimir Tenev, co-founder at Robinhood, said that…

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Crypto Markets News 

Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce

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“The daily timeframe shows that Bitcoin price is still supported by the point of control at $7,200; the price where the most volume has traded in recent times” reports cointelegraph.com. Despite a strong finish to the week, the price of Bitcoin is down 3.2% from the opening of $7,520 on Monday morning.The price of Bitcoin (BTC) has headed north over the last 24 hours, up over 1% at $7,272.Since weekend price action has a history of quickly reversing into the new week any weekend opportunity may be short-lived. Source: cointelegraph.com

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Markets News 

Live Nation, Zebra and Steris to join S&P 500, TripAdvisor among companies dropped

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“MAC, -1.70% “All companies moving to the S&P 500 have market capitalizations above $12 billion, and all companies moving to the S&P MidCap 400 have market capitalizations below $4.5 billion,” the announcement notes” writes Jeremy C for marketwatch.com. They will graduate from the S&P MidCap 400 and replace three companies that will drop down to that index: TripAdvisor Inc.The S&P 500 index SPX, +0.01% will have some new members in 2020, after S&P Dow Jones Indices announced a shuffle set to take place just before Christmas.ZBRA, -0.19% and Steris PLC…

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News 

Legg Mason Shares Cross Below 200 DMA

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“In trading on Friday, shares of Legg Mason, Inc. (Symbol: LM) crossed below their 200 day moving average of $35.66, changing hands as low as $35.55 per share” writes Bnk Invest for nasdaq.com. Legg Mason, Inc. shares are currently trading down about 2.5% on the day.The chart below shows the one year performance of LM shares, versus its 200 day moving average: Looking at the chart above, LM’s low point in its 52 week range is $23.25 per share, with $40.27 as the 52 week high point — that compares…

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News 

ABM Makes Notable Cross Below Critical Moving Average

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“In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $37.70, changing hands as low as $36.87 per share” writes Bnk Invest for nasdaq.com. ABM Industries, Inc. shares are currently trading down about 2.6% on the day.The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM’s low point in its 52 week range is $25.64 per share, with $42.67 as the 52 week high point — that compares…

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News 

DUK Crosses Above Key Moving Average Level

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“In trading on Friday, shares of Duke Energy Corp (Symbol: DUK) crossed above their 200 day moving average of $90.33, changing hands as high as $90.37 per share” writes Bnk Invest for nasdaq.com. Duke Energy Corp shares are currently trading up about 0.9% on the day.The chart below shows the one year performance of DUK shares, versus its 200 day moving average: Looking at the chart above, DUK’s low point in its 52 week range is $82.46 per share, with $97.37 as the 52 week high point — that compares…

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