Dow Should Rally as Chicago Fed Forecasts No Rate Hikes Until 2020

According to the Wall Street Journal, Chicago Fed President Charles Evans said at the Credit Suisse Asian Investment Conference in Hong Kong that he does not foresee the Federal Reserve increasing its benchmark interest rate until 2020, which could benefit the Dow Jones in the long run. Chicago Fed Rate Forecast Should Help Dow Recover While Evans remained reluctant to provide a conclusive comment on whether the Fed will maintain its rate considering various factors that may affect the economy of the U.S., the Fed president said that the U.S. economy is currently in a strong position. Fundamentals in the

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Bitcoin Backers Should Be Ticked if SEC Approves Negative-Fee ETF

U.S. crypto investors have been waiting for what seems like forever for a Bitcoin ETF, but the Securities and Exchange Commission keeps scowling at their proposals. However, there’s another innovative exchange-traded fund (ETF) proposal sitting on the SEC’s desk, and while it engages solely with traditional markets, it’s nevertheless based on a scheme that observers must admit is a naked marketing ploy. In the works is what’s supposed to be a low-cost ETF that not only slashes fees to the bone but actually pays investors to purchase shares. If the SEC green lights this fund, Bitcoin proponents would rightfully be

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Are the rumours true?

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Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March

Maximine Coin’s MXM token is one of the leading performers in the crypto land for March. The MXM-to-dollar rate today surged to 0.094, up 754.5-percent since the month’s open, in an aggressive upside swing. In the past 24 hours itself, the pair posted maximum gains, rising 30-percent on an adjusted timeframe. Simultaneously, MXM performed reasonably well against top crypto assets; it jumped 30.77-percent against bitcoin and 31.47-percent against ether. The MXM’s market capitalization jumped approx $134 million between March 1 and today. Given the coin was and continues to be available on only a handful of crypto exchanges, the surge

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“Ripple” of China? Ultrain Is Leading a New Era of Public Blockchain

As Ripple emerges as the latest form of global transaction company, it continues to shine as one of the world’s top blockchain projects. Ripple’s accomplishment is a result of strategically building its implementation of blockchain technology to service existing financial tycoons and banking corporations. Ultrain’s plan to deliver key services to existing companies shares a similar strategic advantage, which has been at the core of the project since initiation. Although not involved in banking or payment, Ultrain is devoted to provide trusted computing services to enterprise clients and empower traditional industries with blockchain technology, that resemblance reminds many of Ripple.

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