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After a bad week, bitcoin could be headed into “death cross” territory.
That’s according to a report Sunday (Nov. 16) by Coindesk, which says that phrase is a technical analysis term that could denote signs of a bearish market, as it reflects waning short-term momentum compared to longer trends.
However, the report added, a death cross can also serve as a positive signal. Bitcoin is...
The Trump administration is reversing a policy requiring airlines to repay travelers for major flight disruptions.
In a document filed Friday (Nov. 14) with the Federal Register, the Transportation Department said it was rescinding the Biden-era proposal that would have refunded passengers up to $775 for delayed and called flights.
According to the filing, the order is in line with...
Singapore’s status as a financial hub has also made it a popular destination for scammers.
That’s according to a report Sunday (Nov. 16) by the Financial Times (FT), which said authorities in the city-state are engaged in an ongoing “game of whack-a-mole” with fraudsters, seeking vulnerabilities to exploit.
“The problem Singapore faces is that as a trading nation, it is built around...
Apple is reportedly preparing to name a new leader to replace longtime CEO Tim Cook.
Cook, who has led Apple for more than 14 years, could step down as soon as next year, the Financial Times (FT) reported Friday (Nov. 14), citing sources familiar with the matter.
These sources told FT Apple’s board and senior executives have stepped up preparations for Cook to turn things over to a new...
Record levels of late car payments is putting pressure on subprime auto lenders.
That’s according to a Friday (Nov. 14) report by Bloomberg News, which said this is happening in the wake of the recent collapses of Tricolor Holdings and PrimaLend Capital Partners.
The number of risky borrowers who were at least 60 days behind on their car loans climbed to 6.65%, the report said. That’s...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...