Sibabalwe Nombebe

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Stock Markets

‘It doesn't die and it comes back stronger’: Bitcoin believers are digging in amid the crypto bloodbath

With bitcoin trading below $7,000 on Monday, 64% below its all time high, many investors have been left wondering whether this is true cryptocurrency carnage, or if bitcoin has the ability to bounce back.<p>Some have taken to Twitter and Reddit to exchange stories of lost potential, and what it means …

Cryptocurrency

'The machines took over': Inside the biggest Dow Jones drop of all time

Blame the robots.<p>That was the common explanation among Wall Streeters on Monday after the biggest selloff ever in the Dow Jones Industrial Average. Machine-based traders were commonly blamed for the drop, which included a ramp up in the VIX, which measures volatility, and a steep selloff in …

Markets

China is moving to eliminate all cryptocurrency trading with a ban on foreign exchanges

China has previously taken steps to curb cryptocurrency trading in the country, but recent moves may eliminate trading in the country completely.<p>A news publication affiliated with the People's Bank of China (PBOC) said in an article on Sunday that it would block access to all domestic and foreign …

Cryptocurrency

The stock market is getting smoked because inflation is coming back to change the game

If you're concerned about the Dow falling an ominous 666 points on Friday amid other economic indicators looking sound, or you're worried because on Monday it tumbled more than 1,100 points in its biggest-ever point drop, you can remain calm. The market is just experiencing regime change.<p>That is to …

Stock Markets

2 red-hot investment products just blew up, erasing almost $3 billion in minutes

Two investment products linked to the Cboe Volatility Index, or VIX, imploded in US after-market trading on Monday.<p>It proved a fitting cap to a hellacious day in markets that saw the Dow Jones industrial average absorb its biggest single-day point decline in history, while the VIX spiked 84%, its …

Stock Markets