The World Bank is preparing for the world's first blockchain bond

The World Bank has mandated Commonwealth Bank of Australia to arrange the worlds first blockchain bond. The Kangaroo bond referring to foreign bonds issued in Australia in the local currency has been named bondi an acronym standing for Blockchain Offered New Debt Instrument. (Its also a reference to Bondi Beach an iconic spot in Sydney.) According to the institution the bond will be the first in the world to be created allocated transferred [read more]

Here's the best time to buy bitcoin, according to Yale data

The price of bitcoin is known for wild swings after all its a decentralized cryptocurrency that isnt backed by any government.Case in point Wednesday bitcoins price dropped by over 8 percent after reports that the U.S. Securities and Exchange Commission delayed a decision on a new type of financial product around the cryptocurrency. Bitcoin traded near $6450 at 1030 a.m. EST according to industry website CoinDesk.And its seen even more dramatic moves. After starting 2017 at under $1000 the value of a single bitcoin topped $19000 in December 2017 before dropping. [read more]

Walmart and JD.com invest $500 million in a Chinese online delivery company

A Chinese online grocery delivery company DadaJD Daojia said on Thursday it has raised $500 million from U.S. retailer Walmart and JD.com in its latest round of financing.DadaJD Daojia was formed from the merger of JD Daojia which is JD.coms onlinetooffline business and Dada Nexus a large crowdsourcing delivery platform in China with operations in more than 400 major cities.JD Daojia delivers goods from local supermarkets and other partners via a locationbased smartphone app and has about 20 million monthly active users.By working with strong partners and [read more]

China slaps 25% tariffs on $16 billion worth of US goods

China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports. The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list as well as fiber optical cables. [read more]

Trump's pressure on trade may force China to act faster on reforms, analysts say

U.S. trade pressure on China could push Beijing to speed up efforts to restructure its economy some local analysts say. President Donald Trump has threatened tariffs on more than $200 billion worth of Chinese goods. After already implementing duties on $34 billion worth of imports his trade office is planning to impose tariffs on an additional $16 billion in Chinese goods on Aug. 23. Chinas Ministry of Commerce has responded [read more]

Bitcoin At $6,270 And After Bombshell From US SEC

The total market capitalization for all cryptocurrencies just fell to its lowest point in 2018.The developments come after the US Securities and Exchange Commission (SEC) delayed a decision on a proposed bitcoin exchangetraded fund (ETF). The news triggered a market reaction ultimately sending the total value of all cryptocurrencies down to $227.8 billion on Wednesday the lowest level since November 2017 according to data from CoinMarketCap. The drop to ninemonth lows marks a 10.7 percent depreciation on a 24hour basis. As of press time the market capitalization had [read more]

Tesla has its busiest trading day since 2014 after Musk tweets he plans to take company private

Even after an extended trading delay Tesla had its busiest day on the stock market since 2014. Some 30.4 million shares traded hands on Tuesday after CEO Elon Musk put out a surprise tweet announcing his intention to take the electric car company private at $420 a share. It was the most active day for the stock since February 2014 according to FactSet and [read more]

If you invested $1,000 in Alibaba when it went public, here's how much you'd have now

Alibaba is one of the most prominent Chinese technology names around the world and has a market value of about $463 billion. So far this year its stock price has risen about 3.6 percent with shares hitting highs in June. If you invested in Alibaba four years ago when it made headlines as the thenbiggest initial public offering ever youd have made some decent returns. According to CNBC calculations a $1000 investment made at the [read more]

China stock market plunge will not force the country to give up in its trade war with US

Amid a U.S.China trade war the two major stock indexes in China have lost onequarter of their value from highs this year.Meanwhile the U.S.benchmark the S&P 500 is inches away from setting a record and in three weeks will post the longest bull market in its history.This would seemingly give Donald Trump an upper hand has he maneuvers the trade fight. You can bet that if the U.S. stock market was suffering like that the president would feel the pressure.But not so [read more]

Bitcoin, 'the best house in a tough market,' is bouncing back, says Wall Street bull Tom Lee

Despite bitcoins tumble over the past two weeks Wall Street bull Tom Lee says the cryptocurrency is gradually regaining market share which should comfort bitcoin buffs.The news that we have seen from the SEC saying bitcoins a commodity to ... the potential for an exchangetraded fund is causing investors to decide that bitcoin is the best house in a tough market Lee who is Fundstrat Global Advisors managing partner said on CNBCs Fast Money. He was referring to the U.S. Securities and Exchange Commission (SEC).Bitcoin [read more]