Black Thursday

In the middle of February, when the cryptocurrency market (XRP included) was pumping to multi-month highs, emotions were running high; there was a class of Bitcoin investors who expected their favorite orange coin to rocket past its $20,000 all-time high by the time of the halving, as irrational as that…

As Larry Ellison sits in one of several idyllic bubbles he has created for himself, a lush 249-acre estate in Rancho Mirage, California, the playground of the powerful near Palm Springs, the world begins to fall apart. It’s Black Thursday, March 12, 2020: The U.S. stock market has suffered its…

The global COVID-19 crisis has sent the world’s markets into a tailspin, with virtually every asset class affected. On Monday, March 9, the NYSE tripped its circuit breakers for only the second time in history as the S&P 500 (NYSE:S&P) dropped by 7% just three minutes into the day’s trading.…

Bitcoin’s (BTC) rapid 50% price drop in the wake of Coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets. Question is, would that be the right move?Crypto market daily performance. Source: Coin360Flash crash raises spectre of shorting bansOn March 12 Bitcoin dropped…

Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences for investors. The World Health Organisation declared the COVID-19 coronavirus a pandemic last Wednesday, wiping US$7 trillion off global equity markets. A day later, now…

Another week, another round of Crypto Tidbits. Last week was almost undoubtedly Bitcoin’s worst week ever. The price of the leading cryptocurrency fell from the weekly high of $9,200 to a low of $3,800, a drop of nearly 60% in a week’s time. Altcoins fared even worse than the market leader,…

By Tom Westbrook and Scott MurdochSINGAPORE/HONG KONG (Reuters) - As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning.By daybreak in Europe, the price of crude oil had…

SINGAPORE/HONG KONG (Reuters) - As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning. A man wears a protective mask as he walks on Wall Street during the…

"When it happens, you can't do much about it," said Taylor, whose experience in the Mexican, Russian and Asian financial crises in the 1990s and the global financial crisis in 2008, taught him hard lessons about liquidity and helped him prepare."People laugh at the old-fashioned techniques of the older guys,…

Opinion18:54 GMT 13.03.2020(updated 18:57 GMT 13.03.2020) Get short URLGlobal economies are currently simultaneously struggling with two sources of pressure – the coronavirus pandemic that has not only crippled the travel industry, but also production in several countries, as well as drastically falling oil prices. However, economists do not believe that…