Market Overview - Page 178

Coinbase shares whipsawed Thursday morning, a day after the cryptocurrency exchange went public in a blockbuster direct listing. The firm’s stock price climbed as high as 6.4% before it dipped more than 1% at 10:15 a.m. ET. It then recovered.

China may be one step nearer to abandoning its controversial policy of restricting childbirth. The central bank released a paper late Wednesday suggesting the country remove limits on how many children people can have, suggesting that China should “fully liberalize.

Ethereum’s Berlin hard fork went live at block 12,244,000 Thursday. The Berlin hard fork is a network upgrade that incorporates four Ethereum Improvement Proposals (EIPs) that tinker with gas prices and allow new transaction types. The upgrade is a stepping.

The Dollar has fallen to a 4-week low, settling at the 50-day moving average. The US currency pressure remains intact mainly due to the soft tone of the Fed’s Powell comments. The Fed chief tried to reassure the markets that.

European stocks hit a fresh record high on Thursday, and analysts are confident there is further upside as prices remain low compared to the U.S. The pan-European Stoxx 600 hit a high of 438.29 on Thursday, surpassing levels seen in.

Listed firms that deal in cryptocurrencies or have exposure to them saw a field of green in global markets Wednesday, ahead of the much-anticipated direct listing of crypto exchange Coinbase on the Nasdaq. For instance, MicroStrategy, the data intelligence firm.

Dogecoin, the popular meme cryptocurrency created in 2013, rallied for two straight days to a new all-time high during early trading hours in the U.S. on Tuesday. This happened as bitcoin and ether also surged to new record prices on.

Open interest in Bitcoin futures has surged to new record highs ahead of Coinbase’s Wednesday direct listing on the Nasdaq. Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin.

Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on Russia. But with largest build up of Russian troops on.

India has granted emergency use authorization for Russia’s Sputnik V vaccine, shortly after overtaking Brazil to become the world’s second-most affected country by the coronavirus. The move, announced Tuesday by the Drug Controller General of India, makes India the 60th.

Europe’s economy is on track to return to its pre-crisis levels in 2022, the International Monetary Fund said on Wednesday, though this projection depends on the region’s Covid-19 vaccination campaign. European countries have been forced to introduce new restrictions or.

Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday. He was 82. His death at the Federal Medical Center in Butner, North Carolina,.