Wall Street news

Wall Street is an eight-block-long street in New York. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York–based financial interests.

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Wall Street banks ‘shelved’ crypto plans after 2018 crash, but insiders say they’re gearing up for the next boom

Don’t underestimate the banks’ interest in crypto; that’s the message from sources at Morgan Stanley, one of the richest institutions in the world. It’s almost difficult to believe after last year, when Bloomberg revealed four major banks had “quietly shelved” their bitcoin dreams. The banks planned to offer their giant clients a taste of crypto-derivatives trading – a safer way to get exposed to the asset class – but demand lapsed, and the banks retreated. The interesting thing about “shelving” a product however, is that it’s never too far from where you left it.  “Morgan Stanley is completely ready. It could do [bitcoin swaps] tomorrow,” said one source close to the firm, whose derivatives-offering has reportedly sat stagnant since last September. Join Genesis now and continue reading, Wall Street banks ‘shelved’ crypto plans after 2018 crash, but insiders say they’re gearing up for the next boom!
The Block Crypto

Binance Market Report Suggests Wall Street is in Cryptocurrency for the long Run

On June 21st, Binance published the results of its first-ever survey conducted by R&D arm Binance Research. Over a hundred institutional and VIP clients were sent the study, but the data displayed on the official report only has a sample size of 41 as those that didn’t answer more than 30% were excluded.   Long TermRead MoreRead More. The post by Nigel Dollentas appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Expert Wall Street Trader Eric Crown Shares His Bitcoin Trading & Crypto Market Perspectives

► Eric's Official Website - https://krownstatus.com/ ► Check Out Eric's YouTube Channel - https://www.youtube.com/channel/UCnwxzpFzZNtLH8NgTeAROFA ► Follow Eric On Twitter - https://twitter.com/krowncryptocave?lang=en From Eric's Website: "𝘍𝘰𝘳 𝘢𝘴 𝘭𝘰𝘯𝘨 𝘢𝘴 𝘐 𝘤𝘢𝘯 𝘳𝘦𝘮𝘦𝘮𝘣𝘦𝘳 𝘐 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘦𝘯𝘢𝘮𝘰𝘳𝘦𝘥 𝘸𝘪𝘵𝘩 ‘𝘛𝘳𝘢𝘥𝘪𝘯𝘨’ 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘪𝘯𝘨 𝘭𝘪𝘧𝘦𝘴𝘵𝘺𝘭𝘦. 𝘈𝘴 𝘢 𝘺𝘰𝘶𝘯𝘨 𝘵𝘦𝘦𝘯 𝘐 𝘸𝘢𝘴 𝘦𝘯𝘢𝘮𝘰𝘳𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘦𝘹𝘤𝘪𝘵𝘦𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘦𝘭𝘦𝘤𝘵𝘳𝘪𝘤 𝘯𝘢𝘵𝘶𝘳𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴. 𝘌𝘷𝘦𝘳 𝘴𝘪𝘯𝘤𝘦 𝘐 𝘸𝘢𝘴 11 𝘺𝘦𝘢𝘳𝘴 𝘰𝘭𝘥 𝘐 𝘸𝘰𝘶𝘭𝘥 𝘴𝘱𝘦𝘯𝘥 𝘮𝘺 𝘴𝘶𝘮𝘮𝘦𝘳𝘴 𝘢𝘵 𝘵𝘩𝘦 𝘗𝘢𝘤𝘪𝘧𝘪𝘤 𝘚𝘵𝘰𝘤𝘬 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 (𝘗𝘊𝘟) 𝘭𝘦𝘢𝘳𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘌𝘲𝘶𝘪𝘵𝘺 𝘖𝘱𝘵𝘪𝘰𝘯𝘴 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴. 𝘠𝘦𝘢𝘳𝘴 𝘢𝘯𝘥 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨 𝘵𝘪𝘮𝘦 𝘰𝘯 𝘵𝘩𝘦 𝘍𝘭𝘰𝘰𝘳 𝘶𝘯𝘵𝘪𝘭 𝘐 𝘵𝘰𝘰𝘬 𝘢 4 𝘺𝘦𝘢𝘳 𝘩𝘪𝘢𝘵𝘶𝘴 𝘵𝘰 𝘴𝘵𝘶𝘥𝘺 𝘢𝘵 𝘵𝘩𝘦 𝘜𝘯𝘪𝘷𝘦𝘳𝘴𝘪𝘵𝘺 𝘰𝘧 𝘖𝘳𝘦𝘨𝘰𝘯 𝘸𝘩𝘪𝘭𝘦 𝘦𝘢𝘳𝘯𝘪𝘯𝘨 𝘢 𝘉𝘢𝘤𝘩𝘦𝘭𝘰𝘳𝘴 𝘰𝘧 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴. 𝘏𝘰𝘸𝘦𝘷𝘦𝘳, 𝘴𝘰𝘰𝘯 𝘢𝘧𝘵𝘦𝘳 𝘨𝘳𝘢𝘥𝘶𝘢𝘵𝘪𝘯𝘨 𝘐 𝘧𝘦𝘭𝘵 𝘪𝘵 𝘸𝘢𝘴 𝘮𝘺 𝘵𝘳𝘶𝘦 𝘤𝘢𝘭𝘭𝘪𝘯𝘨 𝘵𝘰 𝘣𝘦𝘤𝘰𝘮𝘦 𝘢 𝘗𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘛𝘳𝘢𝘥𝘦𝘳. 𝘔𝘺 𝘢𝘥𝘶𝘭𝘵 𝘭𝘪𝘧𝘦 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘴𝘱𝘦𝘯𝘵 𝘰𝘯 𝘵𝘩𝘦 𝘍𝘭𝘰𝘰𝘳𝘴 𝘰𝘧 𝘮𝘢𝘫𝘰𝘳 𝘜.𝘚. 𝘖𝘱𝘵𝘪𝘰𝘯𝘴 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘭𝘦𝘢𝘳𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘈𝘳𝘵 𝘰𝘧 𝘛𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘈𝘳𝘵 𝘰𝘧 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘧𝘳𝘰𝘮 𝘴𝘦𝘷𝘦𝘳𝘢𝘭 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘦𝘴𝘵 𝘛𝘳𝘢𝘥𝘦𝘳𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥. 𝘋𝘶𝘳𝘪𝘯𝘨 𝘢𝘭𝘮𝘰𝘴𝘵 𝘢 𝘥𝘦𝘤𝘢𝘥𝘦 𝘰𝘧 𝘔𝘢𝘳𝘬𝘦𝘵 𝘔𝘢𝘬𝘪𝘯𝘨 𝘪𝘯 𝘌𝘲𝘶𝘪𝘵𝘺 𝘖𝘱𝘵𝘪𝘰𝘯𝘴 𝘰𝘯 𝘣𝘰𝘵𝘩 𝘕𝘦𝘸 𝘠𝘰𝘳𝘬 𝘚𝘵𝘰𝘤𝘬 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘈𝘙𝘊𝘈 (𝘕𝘠𝘚𝘌 𝘈𝘳𝘤𝘢) 𝘢𝘯𝘥 𝘊𝘩𝘪𝘤𝘢𝘨𝘰 𝘉𝘰𝘢𝘳𝘥 𝘰𝘧 𝘖𝘱𝘵𝘪𝘰𝘯𝘴 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 (𝘊𝘉𝘖𝘌) 𝘐 𝘭𝘦𝘢𝘳𝘯𝘵 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘷𝘦𝘳𝘺 𝘣𝘦𝘴𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘦𝘴𝘵 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘢𝘴 𝘢 𝘭𝘪𝘷𝘪𝘯𝘨 𝘢 𝘳𝘦𝘢𝘭𝘪𝘵𝘺 𝘧𝘰𝘳 𝘮𝘺 𝘱𝘰𝘴𝘵-𝘤𝘰𝘭𝘭𝘦𝘨𝘦 𝘴𝘦𝘭𝘧. 𝘈𝘧𝘵𝘦𝘳 𝘺𝘦𝘢𝘳𝘴 𝘶𝘯𝘥𝘦𝘳 𝘵𝘩𝘦𝘴𝘦 𝘔𝘢𝘴𝘵𝘦𝘳’𝘴 𝘮𝘦𝘯𝘵𝘰𝘳-𝘴𝘩𝘪𝘱 𝘐 𝘧𝘦𝘭𝘵 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘵𝘢𝘬𝘦 𝘵𝘩𝘦 𝘳𝘦𝘪𝘨𝘯𝘴 𝘢𝘯𝘥 𝘣𝘦𝘨𝘶𝘯 𝘤𝘰𝘮𝘪𝘯𝘨 𝘶𝘱 𝘸𝘪𝘵𝘩 𝘮𝘺 𝘰𝘸𝘯 𝘦𝘷𝘰𝘭𝘷𝘦𝘥 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘶𝘯𝘪𝘲𝘶𝘦 𝘵𝘰 𝘮𝘺𝘴𝘦𝘭𝘧. 𝘈 𝘤𝘰𝘶𝘱𝘭𝘦 𝘺𝘦𝘢𝘳𝘴 𝘭𝘢𝘵𝘦𝘳, 𝘐 𝘷𝘦𝘯𝘵𝘶𝘳𝘦𝘥 𝘮𝘺 𝘸𝘢𝘺 𝘧𝘰𝘳𝘵𝘩 𝘪𝘯𝘵𝘰 𝘵𝘩𝘦 𝘳𝘦𝘢𝘭𝘮 𝘰𝘧 𝘵𝘳𝘢𝘥𝘪𝘯𝘨 𝘊𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘪𝘦𝘴 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘸𝘩𝘦𝘳𝘦 𝘐 𝘴𝘱𝘦𝘯𝘵 𝘮𝘺 𝘵𝘪𝘮𝘦 𝘯𝘰𝘸 𝘢𝘴 𝘐 𝘧𝘦𝘦𝘭 𝘵𝘩𝘦 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘺 𝘢𝘯𝘥 𝘦𝘹𝘤𝘪𝘵𝘮𝘦𝘯𝘵 𝘪𝘴 𝘶𝘯𝘮𝘢𝘵𝘤𝘩𝘦𝘥 𝘣𝘺 𝘢𝘯𝘺 𝘰𝘵𝘩𝘦𝘳 𝘵𝘳𝘢𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘷𝘦𝘯𝘶𝘦 𝘰𝘧 𝘵𝘳𝘢𝘥𝘪𝘯𝘨. 𝘐𝘵 𝘪𝘴 𝘮𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦 𝘪𝘯 𝘭𝘪𝘧𝘦 𝘵𝘰 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘣𝘦 𝘢𝘯 𝘦𝘷𝘦𝘳 𝘚𝘵𝘶𝘥𝘦𝘯𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘔𝘢𝘴𝘵𝘦𝘳𝘺 𝘰𝘧 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘣𝘶𝘵 𝘵𝘰 𝘢𝘭𝘴𝘰 𝘴𝘩𝘢𝘳𝘦 𝘵𝘩𝘦 𝘪𝘥𝘦𝘢𝘴, 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴 𝘢𝘯𝘥 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘵𝘩𝘢𝘵 𝘩𝘢𝘷𝘦 𝘭𝘦𝘥 𝘵𝘰 𝘮𝘺 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘸𝘪𝘵𝘩 𝘵𝘩𝘰𝘴𝘦 𝘵𝘩𝘢𝘵 𝘥𝘦𝘴𝘪𝘳𝘦 𝘢 𝘴𝘪𝘮𝘪𝘭𝘢𝘳 𝘭𝘪𝘧𝘦𝘴𝘵𝘺𝘭𝘦 𝘵𝘰 𝘮𝘺 𝘰𝘸𝘯." -Eric Crown 😀 Thank You For Watching! :D 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don't miss your daily cryptocurrency news! -~-~~-~~~-~~-~- We do our best to minimize ads, and eliminate sponsorships on this channel, so that you can rely on the information you get here. If you you'd like to support the endeavor: ⭐ Please Support The Channel On Patreon - https://goo.gl/vpX5sW ⭐Please Support The Channel On YouTube - https://bit.ly/2I4omX2 -~-~~-~~~-~~-~- *Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have. #bitcoin #ethereum #cryptocurrency #blockchain #crypto #economics #investing #trading #futurism #cryptonews #btc #eth #eos #litecoin #technology
Crypt0

Wall Street banks are already feeling huge pressure from a Fed rate cut that hasn't even happened yet (GS, BAC, MS, WFC, C, JPM)

Several of Wall Street's biggest banks reported second-quarter results this week that rattled investors and got them worried about the impact of lower interest rates. In the weeks leading up to bank earnings, investors and analysts were worried about net interest margins, one of the most important metrics for a banks profitability.  Both Wells Fargo and Citigroup reported declining net interest margins, and Goldman Sachs lowered its yearly outlook for net interest income.  The Fed is expected to adjust borrowing costs in July, and as rates move lower, banks earn less money on their overnight deposits to other institutions.  Visit the Markets Insider homepage for more stories. The Federal Reserve's expected rate cut in July is already rippling through Wall Street.  All of the major US banks reported second quarter earnings this week, with several posting declines in net interest margins due to interest rates that have already fallen in anticipation for the Fed's action. Lower rates are bad for banks because they earn less interest income on overnight deposits to other lending institutions.  Investors are worried that net interest margins have already as the Fed prepares to start cutting rates in July. During a speech in late June, Fed chair Jerome Powell told the Council on Foreign Relations its better to adjust borrowing costs earlier rather later if there are signs of weakness in the economy.  New York Fed President John Williams and Richard Clarida, the vice chair of the Fed, echoed similar sentiments this past week, adding that it's important to for central banks to act quickly and be proactive with rate cuts.  Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up. Major banks across Wall Street are already feeling the squeeze, and that could continue if the Fed cuts again.  The following banks reported either a drop in net interest margins or lowered their guidance for the year:  Citi: Net interest margins fell 2.67% from 2.70% a year ago JPMorgan: Lowered net interest income outlook to $57.5 billion from more than $58 billion it predicted in the first quarter Wells Fargo: Net interest margins dropped to 2.82% from 2.93% last year  While Citi's net interest margins slipped, net interest income still increased by 2% thanks to a boost from its lending business. Morgan Stanley doesn't report net interest margins, but Jonathan Pruzen, the bank's chief financial officer, said lower interest rates would hurt margins in wealth management, but the impact on equities and fixed income was hard to predict.  "The bigger question heading into earnings season was whether NIM outlooks would trigger material downwards revisions in EPS estimates," Saul Martinez, an analyst at UBS said in a research note on Wednesday. "Thus far, they haven't led us to change EPS estimates much."  Wall Street also broadly saw a decline in equities and fixed income trading. Morgan Stanley said its equities trading revenue fell by 14%, or more than any other major bank.  Goldman Sachs, which isn't impacted as much by rate changes because it has fewer deposits on its books, posted an increase fixed income trading, but a drop in equities. The firm also posted investment and lending revenues of $2.53 billion, its highest level in eight years.  Now read more markets coverage from Markets Insider and Business Insider: 'An unprecedented miss': Here's what Wall Street is saying about Netflix's disappointing quarter Barclays surveyed more than 400 investors about their biggest market fear — and a clear majority cited Trump's global trade war America's biggest wealth manager for the ultrarich is known for his tailor-made portfolios. He revealed to us his magic formula — and how he saves clients millions on taxes.Join the conversation about this story » NOW WATCH: Animated map shows where American accents came from
Business Insider

Wall Street banks are already feeling huge pressure from a Fed rate cut that hasn't even happened yet (GS, BAC, MS, WFC, C, JPM)

Several of Wall Street's biggest banks reported second-quarter results this week that rattled investors and got them worried about the impact of lower interest rates. In the weeks leading up to bank earnings, investors and analysts were worried about net interest margins, one of the most important metrics for a banks profitability.  Both Wells Fargo and Citigroup reported declining net interest margins, and Goldman Sachs lowered its yearly outlook for net interest income.  The Fed is expected to adjust borrowing costs in July, and as rates move lower, banks earn less money on their overnight deposits to other institutions.  Visit the Markets Insider homepage for more stories. The Federal Reserve's expected rate cut in July is already rippling through Wall Street.  All of the major US banks reported second quarter earnings this week, with several posting declines in net interest margins due to interest rates that have already fallen in anticipation for the Fed's action. Lower rates are bad for banks because they earn less interest income on overnight deposits to other lending institutions.  Investors are worried that net interest margins have already as the Fed prepares to start cutting rates in July. During a speech in late June, Fed chair Jerome Powell told the Council on Foreign Relations its better to adjust borrowing costs earlier rather later if there are signs of weakness in the economy.  New York Fed President John Williams and Richard Clarida, the vice chair of the Fed, echoed similar sentiments this past week, adding that it's important to for central banks to act quickly and be proactive with rate cuts.  Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up. Major banks across Wall Street are already feeling the squeeze, and that could continue if the Fed cuts again.  The following banks reported either a drop in net interest margins or lowered their guidance for the year:  Citi: Net interest margins fell 2.67% from 2.70% a year ago JPMorgan: Lowered net interest income outlook to $57.5 billion from more than $58 billion it predicted in the first quarter Wells Fargo: Net interest margins dropped to 2.82% from 2.93% last year  While Citi's net interest margins slipped, net interest income still increased by 2% thanks to a boost from its lending business. Morgan Stanley doesn't report net interest margins, but Jonathan Pruzen, the bank's chief financial officer, said lower interest rates would hurt margins in wealth management, but the impact on equities and fixed income was hard to predict.  "The bigger question heading into earnings season was whether NIM outlooks would trigger material downwards revisions in EPS estimates," Saul Martinez, an analyst at UBS said in a research note on Wednesday. "Thus far, they haven't led us to change EPS estimates much."  Wall Street also broadly saw a decline in equities and fixed income trading. Morgan Stanley said its equities trading revenue fell by 14%, or more than any other major bank.  Goldman Sachs, which isn't impacted as much by rate changes because it has fewer deposits on its books, posted an increase fixed income trading, but a drop in equities. The firm also posted investment and lending revenues of $2.53 billion, its highest level in eight years.  Now read more markets coverage from Markets Insider and Business Insider: 'An unprecedented miss': Here's what Wall Street is saying about Netflix's disappointing quarter Barclays surveyed more than 400 investors about their biggest market fear — and a clear majority cited Trump's global trade war America's biggest wealth manager for the ultrarich is known for his tailor-made portfolios. He revealed to us his magic formula — and how he saves clients millions on taxes.Join the conversation about this story » NOW WATCH: Stewart Butterfield, co-founder of Slack and Flickr, says 2 beliefs have brought him the greatest success in life
Business Insider
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Meh: Yet No Hidden Reason For Fluctuations Here

Turkish stock exchange applies blockchain, Belgium offers ICO regulation, new deadline for Visa crypto cards issue, Greek's big plans for BTC-ATMs, an opinion of representative from the Royal Bank of Canada on Goldman Sachs's policy, and Kraken's assurances on its stability

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Ravencoin Price Analysis RVN / USD: Recharging

Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a complex inverted head and shoulders pattern is building The daily time frame continues to show the presence of a huge bullish pattern Ravencoin / USD Short-term price analysis Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a valid inverted head and shoulders pattern has formed, with the RVN / USD pair now dangerously close to invalidating the bullish pattern. Technical indicators on the four-hour are bullish and continue to issue a buy signal.   RVN / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that the RVN / USD pair may be carving out a right-hand shoulder to complete the bullish pattern on the four-hour time frame.                                                                                          Relative Strength Index The RSI indicator is also bullish on the four-hour time frame and shows scope for further upside. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a buy signal. Ravencoin / USD Medium-term price analysis Ravencoin has a bullish medium-term outlook, with the RVN / USD pair still holding above its trend defining 200-day moving average. The daily time frame continues to show multiple inverted head and shoulders patterns, with the larger pattern holding a huge upside projection. Technical indicators on the daily time frame are mixed and currently failing to generate a clear trading signal.   RVN / USD Daily Chart by TradingView   Pattern Watch Traders continue to monitor the neckline of the larger inverted head and shoulders pattern for a major medium-term technical breakout. Relative Strength Index The RSI indicator is trading below neutral and remains technically bearish on the daily time frame. MACD Indicator The MACD indicator is bearish on the daily time frame and continues to issue a sell signal. Conclusion Ravencoin is still under pressure in the short-term, with bulls needing to stabilize the cryptocurrency above its 200-period moving average on the four-hour time frame. The daily time frame continues to highlight the presence of multiple bullish patterns, with the RVN / USD pair showing great medium-term upside potential.   Check out our RavenCoin guide for insights. Ravencoin ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=RVN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24320 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24320 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24320 a.tabperiods.tabperiods_active, #ccpw-ticker-24320 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24320 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24320 .coin-container:after, .ccpw-container_four #ccpw-ticker-24320 .coin-container:after {border-color:#ccc !Important;}   The post Ravencoin Price Analysis RVN / USD: Recharging appeared first on Crypto Briefing.
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Equifax agrees to pay up to $700 million to settle a probe into its massive data breach (EFX)

Equifax, one of the three largest credit reporting agencies, will pay as much as $700 million in fines over its 2017 data breach that revealed personal information on about 147 million people.  The Federal Trade Commission announced the settlement in a statement on its website on Monday morning, nearly two years after the hack occurred.  The proposed settlement would also require Equifax to provide free credit reports to all US customers. Watch Equifax trade live. Nearly two years after the names, social security numbers, and physical addresses of almost 150 million Americans were leaked in a masive Equifax data breach, the company has agreed to pay a settlement totaling up to $700 million.  The US Federal Trade Commission published a statement on Monday morning outlining the settlement with the credit reporting agency. Equifax will pay $175 million to 48 states, and another $100 million to the Consumer Financial Protection Bureau.  The remaining $300 million will be set aside in a fund to help consumers with credit monitoring services, and to compensate people purchased credit of identity monitoring services from Equifax. The company has also agreed to add an additional $125 million to the fund if the initial amount isn't enough, which would bring its total payout to $700 million. For comparison, Equifax reported a total of $3.4 billion in revenue in 2018, with around $300 million in profit.  Equifax's stock climbed more than 2% in early trading. Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up. The settlement alleged that Equifax failed to take "reasonable steps to secure its network," which led to the data breach in 2017. According to the FTC statement, the company neglected to patch its network after discovering a security vulnerability in one of its databases.  "Companies that profit from personal information have an extra responsibility to protect and secure that data," FTC Chairman Joe Simons said in a statement. "Equifax failed to take basic steps that may have prevented the breach that affected approximately 147 million consumers."  As part of the settlement, the agency will also be required to provide six free credit reports per year for seven years to all US customers.  Equifax was up 47% year-to-date through Friday. SEE ALSO: Trump just found another target at the Federal Reserve » READ NOW: Microsoft is investing $1 billion in OpenAI, the Elon Musk-founded company that's trying to build human-like artificial intelligence (MSFT) » Join the conversation about this story » NOW WATCH: Most hurricanes that hit the US come from the same exact spot in the world
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FINRA wants to continue knowing member firms’ crypto activities

A U.S. financial watchdog has extended a program that will monitor cryptocurrency-related activities among brokers in the country.  The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) for broker-dealers in the U.S., said in a regulatory notice on Thursday, that it will continue an initiative it took on last year, in which it requested member firms to share information such as whether they trade or intend to trade cryptocurrencies, among other activities.   Now the authority has extended the timeframe for another one year i.e. July 31, 2020, per the notice. “As securities regulators continue to provide guidance to members regarding the unique regulatory challenges presented by digital assets—e.g., Joint Statement on Broker-Dealer Custody of Digital Asset Securities—FINRA believes it is important to keep the lines of communication with members open on this important topic,” the notice reads. Member firms, therefore, are “encouraged” to keep sharing whether they are involved in the mining of cryptocurrencies, accept cryptocurrencies from their customers, engaged in derivatives tied to digital assets and whether they participated in an ICO or pre-ICO, among other activities. Those firms who engage in digital assets, whether or not they are securities, will have to follow all applicable FINRA rules and federal and state laws and regulations, the authority said. Earlier this month, FINRA and the Securities Exchange Commission (SEC) issued a joint statement, saying that there are several concerns to be addressed before they could give the green light to cryptocurrency firms who want to operate as broker-dealers. Industry experts told The Block at the time that firms will have to figure out how to solve to address those issues, such as accounting for and guarding against the loss or hacking of digital securities. Between 35 and 40 firms have reportedly applied to become brokerages, but none has received approval yet.
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