Dubai warns new ‘Dubaicoin’ crypto ‘phishing scam’
Published by Al-Araby A new cryptocurrency called DubaiCoin has skyrocketed in value by more than 1,000 percent in 24 hours, prompting concerns about online phishing scams. A press release by a website called DubPay claimed: “DubaiCoin will soon be able…
World stocks set for 4th month of gains in data-heavy week
Published by Reuters By Saikat Chatterjee LONDON (Reuters) – World equities are set to post a fourth consecutive month of gains on Monday, while the dollar remains under pressure ahead of a slew of European and U.S. data that will…
Analysts wary of inflation
Published by The Bangkok Post Analysts wary of inflation Banking, gold, crypto tipped as hedges Analysts recommend investing in assets that can serve as hedges against inflation, including banking, insurance, real estate and recovery-related stocks, as well as gold and…
Consolidating Debt With PHH Mortgage Company
While it’s safe to agree that going into debt can negatively impact a person’s financial stability in the future, debt may be inevitable, especially with major life changes such as buying a home or car. It’s estimated that two out…
Bitcoin falls 5.2% to $33,849, Ether down 6.3%
Published by Reuters (Reuters) – Bitcoin dipped 5.16% to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close. Ether, the coin linked to the ethereum blockchain network, dropped 6.26% to $2,262.06 on Saturday, losing $151.11 from its…
Is DeFi Changing the Face of Global Finance?
With the high level of distrust in the traditional global banking system, there is a need for an immediate change. Community-powered global banking appears to be the best solution for the problem at hand. Here, people can be in charge…
Stocks push for record high on $6 trillion U.S. spending hopes
Published by Reuters By Marc Jones LONDON (Reuters) – Roaring stock markets were on track for a seventh consecutive day and fourth straight month of gains on Friday, as investors bet the United States will lead the world economy out…
Bitcoin slumps 8% as it heads for bruising monthly drop
Published by Reuters By Tom Wilson LONDON (Reuters) – Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month. The biggest cryptocurrency…
Memorial Day 2021 incoming: Holiday stock market trading schedule
Published by Communities Digital News WASHINGTON –America’s annual Memorial Day 2021 holiday happens this year on Monday, May 31, 2021. It’s the time each year when Americans bring out the grill, the brats, the dogs and the burgers and launch…
Iran temporarily bans cryptocurrency mining after blackouts
Published by Al-Araby Iran’s President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, a day after his energy minister apologised for unplanned power cuts in major cities. Iranian officials have regularly blamed unlicensed cryptocurrency miners for…