DIRS.INFO The most relevant business & tech news

☆ January was bitcoin's best month since 2021, but crypto isn't ready for a 'rocket ship rally' yet
▼ + stars: | 2023-01-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

For some investors, however, its strong month isn't necessarily a green light to jump back into the crypto market. As of Tuesday, bitcoin is set to finish the month up 38.39%, which would make it its best month since October 2021 and its best January in 10 years, according to Coin Metrics. Ether , which led the crypto recovery last summer ahead of the merge, has risen 31% this month, coming off a 67.06% decline for 2022. However, "we're not so sure bitcoin is ready for another rocket ship rally just yet." "Thus far, the rise in BTC dominance looks reminiscent of April 2019, during which a BTC rally marked a crypto market bottom, much akin to rising BTC dominance lately."

☆ SEC Scrutiny Blocks Some Crypto Firms From Going Public
▼ + stars: | 2023-01-24 | by ( Dave Michaels | Peter Rudegeair | ) www.wsj.com time to read: 1 min

Crypto companies seeking to go public over the past year have faced increased scrutiny from the Securities and Exchange Commission, as financial distress and failures spread across the volatile industry. Crypto-focused companies including Bullish Global, Circle Internet Financial and eToro Group Ltd. have failed to secure the SEC approvals that are required of companies going public. The firms were seeking stock-exchange listings through mergers with special-purpose acquisition companies, an alternative path to going public that thrived in 2020 and 2021 before heightened regulatory checks and market turbulence ended the SPAC boom.

☆ A look at the companies behind the pricey 'Crypto Bowl' ads, then vs. now, as Super Bowl LVII approaches
▼ + stars: | 2023-01-21 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

Super Bowl LVI was dubbed the "Crypto Bowl" after ads from crypto companies made a splash. The larger crypto industry suffered billions in losses in 2022, highlighted by the collapse of FTX. But in 2022, the game was dubbed the "Crypto Bowl," with FTX, Coinbase, Crypto.com, and eToro all debuting ads, along with Bud Light incorporating NFTs into its ad. Here's a look back at how the four companies who advertised during the last Super Bowl are doing now. Compared to FTX, other crypto companies that advertised during the Super Bowl had a remarkably stable year given volatility in the industry, but each had its troubles.

☆ A veteran investor says the bears have it all wrong, and pessimism is already priced into markets. Here's where he's putting his money now that the time-tested playbook for investing in tech stocks ha
▼ + stars: | 2023-01-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But right now Lindzon isn't following the tech-focused investing approach that brought him so much success over the previous two decades. While he still sees opportunities to make money, he's much more cautious amid a high-interest-rate environment that led to the worst year for tech stocks since 2000. "You can't do a startup today and hire a hundred engineers because you can't raise enough money," Lindzon said. "I'm constructive in that money isn't coming out of the market completely," Lindzon said. Instead, Lindzon would advise investors to consider equal-weight stock market indexes, given that they offer diversification but aren't bogged down by mega-cap tech stocks.

☆ Tips for investing in 2023 as a potential recession looms large
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Callie Cox: The biggest risks include whether the Fed can get inflation down, and whether we enter a recession. The job market and corporate earnings are the two catalysts that make me think we can avoid those risks. CC: The Fed will be more responsive to what's happening in the job market, because the job market directly impacts inflation. Services inflation — think rent, haircuts, insurance prices — is still growing at a 7% clip annually, which is way too high in the Fed's mind. And the kicker here is that services inflation is the type of inflation that the Fed can best control through the job market.

☆ Here's how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

In an interview with Insider, eToro investment analyst Callie Cox highlighted the two biggest risks to monitor this year. "The kicker here is that services inflation is the type of inflation that the Fed can best control through the job market," she said. "But one bright spot of this scenario," Cox said, "is that it would take care of the inflation problem because when demand drops, inflation comes down." And as far as stocks, Cox likes a defensive positioning with consumer staples, utilities, energy, and pharmaceutical companies. "If we do hit a recession," Cox said, "it's a great time to slowly build up your risk appetite in anticipation of us getting through it."

☆ Cryptoverse: Bitcoin digs in for a bumpy new year
▼ + stars: | 2023-01-10 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

[1/2] Bitcoin are seen in this illustration picture taken September 27, 2017. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it's still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. Reuters GraphicsTHE BULL'S TALEMarcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts.

☆ Markets Wobble in First Session of the Year
▼ + stars: | 2023-01-03 | by ( Isabella Simonetti | ) www.nytimes.com time to read: +1 min

Stocks wavered on Tuesday, the first trading day of 2023, after a tumultuous year of high inflation and interest-rate increases upended financial markets. The S&P 500 fell slightly in early trading, giving up initial gains. The Federal Reserve’s commitment to fighting high inflation has moved the market over the past year. Ben Laidler, an analyst at eToro, a trading company, called inflation the “fundamental key” to market moves this year. “A sharp fall opens up relief from the Fed interest rate shock and slow-building economic recession and supports our positive view,” he wrote in a note.

☆ Three painful lessons for investors in 2022. How to put them to work in the new year
▼ + stars: | 2023-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Perhaps the one thing that investors can rally around is this: 2022 is finally over. Here are three valuable lessons for investors in the aftermath of 2022. Before we entered a rising interest rate environment, high-flying tech stocks seemed to have limitless potential. "Many investors saw a high rate, high inflation year for the first time since the 1980s. And if we think about [2023] as well, it's still a high rate, high inflation environment."

☆ The crypto investing outlook for 2023 after a 60% decline in bitcoin this year
▼ + stars: | 2022-12-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

The other was the riskiest of risk assets, whose moves mirrored those of tech stocks. It won't happen overnight, but investors more than ever want to see a crypto market driven by utility rather than speculation . Barclays analyst Benjamin Budish said his team believes "crypto assets are likely to continue to behave like high-beta risk assets going forward." Investing in the next two quarters Bitcoin has fallen more than 60% this year and sits roughly 75% off of its all-time high from November 2021. When there's a pullback in that growth, as there was this year, bitcoin tends to struggle, Alden explained.

☆ Here's why a bull market may have already started even though it doesn't feel like it, according to eToro's investment analyst
▼ + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

A new bull market may already be underway, according to eToro's US investment analyst. If the economy avoids a recession, then it's possible stocks have already bottomed out and will tick higher in 2023, Callie Cox told Insider. "Typically, new bulls don't actually feel like bulls, but it's costly if you miss the beginning of one." In eToro's year-ahead outlook, Callie Cox makes the case that even though it may not seem like stocks are on the upswing, it's rarely the case that bull markets resemble bull markets in the early stages. "A bull market starts at the lowest point of a bear and is confirmed when an index reaches a new 52-week high," Cox told Insider.

☆ Strong returns could be hard to find in 2023. How to prep your portfolio and generate income
▼ + stars: | 2022-12-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Wall Street is warning of a stormy start to 2023 , but investors should prepare to find pockets of opportunity and ensure their portfolio is running efficiently. Bond prices have tumbled alongside stocks, such that even the iShares Core Growth Allocation ETF – which is based on a 60/40 split between equities and fixed income – has dropped nearly 15%. Higher yields on fixed income The silver lining of the Federal Reserve's interest rate hiking campaign is the rising yield investors can find on even the most boring fixed income offerings. Meanwhile, Series I savings bonds that are issued from Nov. 1 to April 30, 2023 have a current interest rate of 6.89%. Short-term Treasurys are another attractive option for your fixed income sleeve.

☆ Crypto crash leaves media companies with budget holes as advertising dries up
▼ + stars: | 2022-11-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +6 min

In Alphabet 's third-quarter earnings call last month, the company blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms. A 30-second spot during the NFL's grand finale in February cost an average of $6.5 million, and crypto was a huge theme. Crypto.com's online ad spending plummeted from about $16.2 million in the first quarter to $1.6 million in the third, SensorTower said. The crypto market has suffered downturns in the past, only to bounce back and attract even greater sums of cash and new entrants. WATCH: FTX's bankruptcy puts increased pressure on the ad market

LONDON, Nov 28 (Reuters) - Paris' luxury-laden stock exchange is now worth more than London's. France's CAC All Shares index (.PAX) is now worth almost $3 trillion, making it Europe's largest stock market by value thanks to demand for its luxury-retailer blue chips. Reuters GraphicsFUND FLOWSSo far in 2022, funds investing in UK stocks have seen record outflows of 23 billion euros, according to Refinitiv Lipper, up from almost 18 billion euros last year and the 14.6 billion euros shed in 2016, when Britain voted to leave the European Union. Annual outflows from French equity funds are much smaller - at 2 billion euros this year. FX MATTERSIt's also worth noting that currency comes into play when measuring the size of London's market against Paris' in dollar terms.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin jumps back above $17,000, and SBF blames himself for FTX's collapse: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Callie Cox of eToro discusses the impact of Binance backing out of the FTX rescue on crypto markets and the industry as a whole.

☆ Cryptocurrencies climb as market sell-off pauses, bitcoin rises back above $17,000
▼ + stars: | 2022-11-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies climbed Thursday as the market took a pause from its two-day sell-off and investors digest key inflation data and the ongoing FTX saga. Bitcoin rose 5% to $17,351.10, while ether advanced 9% to $1,281.04, according to Coin Metrics. Cryptocurrencies jumped right around the time CPI data was released, showing a smaller-than-expected rise and giving investors hope that price pressures may be cooling. Stocks also rallied following the CPI data. "Right now, it's hard to digest from a price standpoint because crypto doesn't have a fundamental center of gravity.

☆ Stocks slip as control of Congress remains unclear
▼ + stars: | 2022-11-09 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Stocks dipped, with the Dow sliding nearly 300 points, or 0.9%, in late morning trading. One stock in particular that had been surging in anticipation of a sweeping victory for the GOP got hit hard Wednesday. The market rallied sharply during the past three days following a historic surge for stocks in October. Still, as the midterm dust settles, investors may now shift their attention back to inflation and the economy. “Markets have performed remarkably similar during periods of a Republican or Democratic controlled Congress.”

☆ The key is not to let crypto vitriol be driver of regulatory structure, says U.S. eToro CEO
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe key is not to let crypto vitriol be driver of regulatory structure, says U.S. eToro CEOLule Demmissie, U.S. eToro CEO, joins 'TechCheck' to discuss why investors should trust cryptocurrency exchanges right now, why people should believe other exchanges aren't over leveraged and current checks on eToro's international businesses.

☆ The crypto industry is closely watching the midterm elections. Here's what it's looking for
▼ + stars: | 2022-11-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

The midterm elections are next week, and some investors are closely watching the outcome for an idea of how the next Congress's lawmakers will approach cryptocurrency over the following two years. Lawmakers and regulatory agencies have scrambled to sharpen their understanding of the fledgling sector, while the industry itself has beefed up its lobbying. There's a good chance the midterm elections will hardly dent the price action in the days that follow. They say the midterm elections and the new shape of Congress could affect how the legislative process unfolds. While the bear market has dominated headlines this year, the drumbeat for crypto regulation has gotten much louder, providing some comfort to members of the crypto industry.

☆ Bitcoin rises as Fed hints at policy shift, and BitDeer delays Wall Street debut: CNBC Crypto World
▼ + stars: | 2022-11-02 | by ( Jordan Smith | Mai Tejapaibul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises as Fed hints at policy shift, and BitDeer delays Wall Street debut: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Callie Cox of eToro discusses macro pressures weighing on crypto investors.

☆ October is a historically strong month for bitcoin, but price action this month has been oddly lackluster
▼ + stars: | 2022-10-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The month of October, celebrated as "Uptober" by long-time crypto investors, has historically churned out some big gains for bitcoin. In seven of the last 10 years, bitcoin has posted a positive month. For four of the last six years, ether has ended the October trading month higher, according to Kaiko. Bitcoin was lower for the month by 0.3% as of Tuesday, while ether was down 1.4%, according to Coin Metrics. "Crypto market volatility has dipped to multi-year lows over the past month, with bitcoin's 20-day volatility now equal to that of the Nasdaq equity index," Kaiko head of research Clara Medalie told CNBC.

☆ British government performs major U-turn on tax cuts. But markets are far from convinced
▼ + stars: | 2022-10-14 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | ReutersLONDON — A major reshuffle and the scrapping of a key tax-cutting pledge by U.K. Prime Minister Liz Truss on Friday wasn't enough to placate markets with the pound and government bonds continuing to sell off. It seems that Truss's speech did little to reassure markets, or to convince analysts that Britain's financial storm has passed. Rather than settling the waters, Truss's U-turn on tax decisions will leave investors cautious of future political upheaval, according to Mike Owens, a U.K. sales trader at Saxo. "The costs of the mini-budget horror show have already been high and it's not clear that the expected corporation tax U-turn will sustainably calm markets," he said.

☆ Premarket stocks: Is the bitcoin winter beginning to thaw out?
▼ + stars: | 2022-09-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But signs of a thaw, spurred on by global currency chaos, are beginning to appear. The gains gave crypto bulls hope that bitcoin was becoming a safe haven asset, or one that acts as a hedge when stocks are falling. Then, around midday, the dollar grew in strength and bitcoin came crashing down again, wiping out all of its recent gains. But all assets are suffering, bitcoin isn’t in this alone.”The silver lining: But even as bitcoin prices fall, investors see signs of a bottom. The central bank is also considering the launch of a Central Bank Digital Currency, which is essentially a digital version of the dollar.

☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +17 min

In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.

☆ Dow drops 300 points as traders fret over FedEx warning
▼ + stars: | 2022-09-16 | by ( Jesse Pound | ) www.nbcnews.com time to read: +1 min

Stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an ugly earnings warning from FedEx about the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. That data sparked a decline of more than 1,200 points for the Dow. “There is a lot of nervousness about how the global economy can affect the U.S. economy now, while the U.S. economy is dealing with its own set of very serious issues. The Dow Jones Industrial Average has declined 4.7% this week, while the S&P 500 is 3.8% lower.

Search resuls for: "EToro"

25 mentions found