#China #CBIRC #banking #internet #regulators #consumers #Alibaba $BABA China will borrow the play-book of foreign countries and step up anti-monopoly scrutiny in the financial sector to protect the interests of consumers, a senior official at the country’s Top banking watchdog said. The remarks by Liang Tao, Vice Chairman of the China Banking and Insurance Regulatory […]
$DIA $SPY $QQQ $RUTX $VXX The S&P 500 extended its weekly rally by 6.2% Thursday after the Senate approved the $2-T fiscal stimulus package for the economy, which saw a record surge in weekly jobless claims. The DJIA rose 6.4%, the NAS Comp rose 5.6%, and the Russell 2000 rose 6.3%. Thursday, US Treasury Secretary […]
The New York Stock Exchange has been working closely with government officials and regulators who all support keeping its floor open to help dampen the market’s volatility at this period of time, and steps are being taken to keep them safe from coronavirus, NYSE President Stacey Cunningham said Wednesday. “People on the floor want to […]
$ICE, $NADQ Friday, US regulators approved a new stock exchange that is the brainchild of a Silicon Valley entrepreneur, a move that will give high-growth technology companies more options to list their shares outside of the traditional New York exchanges. The US Securities and Exchange Commission (SEC) Friday approved the creation of the Long-Term Stock […]
FLASH: Florida battle brews over limiting THC in smokable marijuana, Michigan’s unlicensed dispensaries get at least a temporary reprieve, Oregon growers get a heads up from regulators, and more. Arizona Arizona Prosecutor Still Prosecuting Medical Marijuana Patients, ACLU Charges. The Maricopa County Attorney’s Office under ardent marijuana foe Bill Montgomery is continuing to prosecute medical […]
Mr. Hussein Obama Secretly Worked for 6 Years to Halt the Growth of JP MorganChase $JPM For about 6 years, former President Barack Hussein Obama secretly hobbled JPMorgan Chase & Co.(NYSE:JPM), the nation’s largest bank. Now the chains are off, thanks to bank-friendly regulators in The Trump Administration. In actions never before made public until […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
Elon Musk’s Ultimatum to Tesla (NASDAQ:TSLA): “Fight SEC, Else I Quit” $TSLA Tesla is not an investment, it is a speculation played by professionals, retail participants should proceed with Caution. After the Securities and Exchange Commission accused Elon Musk of securities fraud, Tesla’s board defied regulators, issuing a provocative statement saying that it was “fully […]
Cryptocurrencies are Becoming More Stable $BTC, $ETH Let’s examines Key factors in the growth of the cryptocurrency industry, and what regulators are doing to mitigate the risks It is an encouraging sign that the cryptocurrency community and regulators have been quick to evolve and respond to risks that have been identified in the market. For […]
Medical Marijuana Update A group of federal lawmakers asks the VA to study medical marijuana as an alternative to opioids, Michigan could loosen up a bit, Ohio sees delays, and more. National Lawmakers Ask VA Secretary to Research Marijuana as Alternative to Opioids. A bi-partisan group of legislators sent a letter last Thursday to Veterans […]
China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]
Dutch ‘Speed Trader’ Jumps in Cryptocurrencies $BTCUSD, $ETHUSD The EU’s largest trader of ETFs has moved into cryptocurrencies, ignoring regulator’s cautioning consumers and institutions not to buy or sell digital currencies. The Amsterdam-based speed trader Flow Traders NV is making markets in the 1st exchange-traded notes based on Bitcoin and Ether. XBT Provider, an issuer of […]
ICE (NYSE:ICE) and the Future of Bitcoin Trading $BTCUSD, $ICE, $GS, $CME, $CBOT, $NDAQ It was reported that the Intercontinental Exchange (NYSE:ICE), parent company of the New York Stock Exchange (NYSE), is developing an online trading platform that would allow large investors to trade Bitcoin directly. For a large financial institution such as ICE or […]
Dubai Getting Ahead of “the Cryptocurrency Game” $BTC, $ETH, $CME, $CBOT The Big Qs are: How seriously should we take the rise of cryptocurrency? Is it a serious rival to traditional currency? Should businesses consider using cryptocurrency? What do they need to do to implement it? Is enough being done to educate individuals and businesses […]
Bitcoin Focused on Cracking, Breaking Key Resistance at $10,000 $BTCUSD Bitcoin prices rose Wednesday as the # 1 cryptocurrency by market value is focused on $10,000. Currently, Bitcoin is trading at: 9,344.3555,+305.20, or +3.38%, as of 6:24a BST, the market is open Prices ranged within $9,200 – 9,300 for most of the trading day. Bitcoin and some […]
SEC Official says, “ICOs Need Regulation” $BTCUSD The Regulators Want In! Securities and Exchange Commission (SEC) Commissioner Robert Jackson said in a TV interview that the ICO (initial coin offering) system is representative of what the broader market might look like without any of the regulation that keeps it in check. Mr. Jackson said, “If […]
On The Crypto Age $BTCUSD At 1st when you heard of cryptocurrency and did an ICO (initial coin offering) then it was not a security and did not need to be registered with the US Securities and Exchange Commission (SEC). That did not last long Regulators and securities lawyers started looking at the ICOs getting […]
US Securities Regulators Looking for Guidance on Cryptocurrencies $BTCUSD, $CME, $CBOE Cryptocurrency exchanges upset by the dive in Bitcoin prices may face more turbulence as the 2 Top US market regulators ask the Congress to consider federal oversight for the trading platforms. Currently, Bitcoin is trading at: 6,067.395, -1,876.61, or -23.62%, as of 5:05a GMT, the market is […]
Bitcoin ‘Wobbles’, Ripple and Ethereum ‘Fluctuate’ $BTCUSD Bitcoin ‘wobbles’, trading near $11,000 Wednesday after losing 25% of its value as traders look for a pricing floor on stressful concern regulators will move ahead with new rules to restrict the nascent cryptocurrency industry. Currently, Bitcoin is trading at: 11,311.9951, -1,552.01, or -12.06%, as of 6:23a GMT, the market […]
Global Cryptocurrency Crackdown Driving Search for Safe Havens $BTCUSD FLASH: Bitcoin’s price tapping at $10,000 each, currently trading at $9,914.4346, +182.86 or +1.88%. Confronted with national regulators’ scrutiny of digital currency fund-raising, known as ICOs (initial coin offerings), many entrepreneurs are moving businesses to locations neutral or more welcoming to cryptocurrencies and known for low […]
Nebraska Regulators Approve Keystone XL Pipeline Route $TRP Nebraska regulators voted Monday to approve TransCanada Corp’s (NYSE:TRP) Keystone XL pipeline route through the state, lifting the last big regulatory obstacle for the long-delayed project that President Donald Trump wants built. The 3-2 decision by the Nebraska Public Service Commission helps clear the way for the […]
China to Open Up Financial Markets with Tougher Regulations China’s central bank (PBOC) Governor Zhou Xiaochuan, 69 anni, says that the country’s financial system is becoming significantly more vulnerable due to high leverage. Zhou who has made some stern warnings recently about debt levels in the world’s 2nd-largest, soon to be the world largest economy. […]
Bitcoin, the Angst, the Allure $BTCUSD, $CME, $CBOE, $GBTC CME,(NASDAQ:CME) the world’s largest exchange owner reversed course Tuesday and said it plans to introduce Bitcoin futures by the end of Y 2017, just a month after dismissing an earlier plan. Bitcoin, the largest cryptocurrency, which has risen 6X YTD, spiked to a fresh record high […]
Medical Marijuana Update NIH awards a grant to study marijuana and opioid addiction, the head of the NBA hints at a more relaxed approach to pot, Utah activists are ready to begin signature-gathering for a medical marijuana initiative, and more. NationalLast Wednesday, the NIH awarded a grant to study marijuana and opioid addiction. The National […]
The Big 3 US MLM Companies ‘Hammered’ by Chinese Regulator Concerns $HLF, $NUS, $USNA Shares of Herbalife Ltd. (NYSE:HLF), Nu Skin Enterprises (NYSE:NUS) and USANA Health Sciences (NYSE:USNA) seeing a deep dive over concerns that Chinese regulators will crack down on the companies’ marketing practices. Herbalife fell 7.8% to 60.71, marking the biggest decliner in […]
China is Controlling Offshore Investments $AMC China’s controlling offshore investments makes sense, but that does not mean it is smart. It is tempting to see all manner of conspiracies behind the Chinese government’s recent crack down on companies that have expanded rapidly abroad. In fact, the reasoning behind the campaign is straightforward. The real problem is […]
Chinese Regulators Cracking Down on Overseas Acquisitions $AMC China plans to further tighten regulations on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with the move said. The National Development and Reform Commission (NDRC), and the Ministry of […]
HH Sheikh Ahmed on Dubai and Emirates $BA, $EADSY The airline’s Chairman/CEO explains how it has ‘challenged the historical norms’ of the aviation industry “The success of Dubai and the success of Emirates Airlines are 2 things that depend on each other. “From the very start, Emirates Airline and Dubai have grown hand in hand. […]