Penny Collins

Penny Collins is a young commercial banking specialist, graduated from the Pepperdine University, Malibu. She’s primary focus is on on investment and corporate banking, resulting in her Master Degree In Finance from Hong Kong University. Her experience encompasses working for Community Bank and CitiGroup Bank as an intern and professional financial advisor.

Penny Collins
Bitcoin sank as China intensified crypto mining crackdown

Bitcoin Sank as China Intensified Crypto Mining Crackdown

On Monday, Bitcoin dropped low as China intensified its crackdown on cryptocurrency mining. According to data from Coin Metrics, on Monday morning, the world’s largest digital currency fell $31,766, dropping below $33,000 for the first time since the beginning of June. It was trading at $32,473 at 4:00 p.m. ET, down 9% on this day. …

Bitcoin Sank as China Intensified Crypto Mining Crackdown Read More »

PBOC urges Alipay and banks to crack down on cryptocurrency trading

PBOC Urges Alipay and Banks to Crack Down on Cryptocurrency Trading

On Monday, China’s central bank announced it had urged several payment companies and banks to clamp down on cryptocurrency speculation. The bank summoned major leaders, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, and Alipay. The PBOC urged them to crack down harder on cryptocurrency trading and tell them they …

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pound, yuan, dollar, euro

Dollar Steadied on Tuesday While Aussie and Kiwi Lowered

The U.S. dollar was steady on Tuesday while investors were waiting for Federal Reserve Chair Jerome Powell’s comments about the agency’s further guidance. The Fed surprised the markets when it suddenly announced that it’s considering tempering the ultra-easy policy after reiterating many times that it wasn’t a plan. The dollar has skyrocketed since the Fed last week …

Dollar Steadied on Tuesday While Aussie and Kiwi Lowered Read More »

Gold is bullish and it could lead to new record highs

Gold Prices Rebound Sharply After 15 Months of Decline

After precious metals recorded their most significant weekly drop in 15 months, gold prices rose slightly on Monday. As of 11:40 am Eastern Time, spot gold rose 1.0% to US$1,783.44 per ounce, staying above the US$1,780 last seen in early May. U.S. gold futures rebounded 0.8% in New York, at $1,784.10 per ounce. Last week, …

Gold Prices Rebound Sharply After 15 Months of Decline Read More »

Antitrust Package Could Affect Giant Firms in The U.S.

The antitrust overhaul package revealed in Congress targeting Big Tech if enacted. It could have far-reaching effects on how individuals use the internet. It will also have an impact on America’s biggest and most successful firms. The five bills could pave the way for a reorganization or breakup of titans, including Google, Facebook, Apple, and Amazon, …

Antitrust Package Could Affect Giant Firms in The U.S. Read More »

bitcoin and ethereum news

Why Might Bitcoin Outperform Ethereum in The Short Term?

A potential bounce in the pair of BTC/ETH suggests Bitcoin might sprint past Ether in the following market rally. In terms of prices, Bitcoin (BTC) is about to be a star in outperforming Ether (ETH) in a short period. Chief investment officer at ExoAlpha, David Lifchitz, believes in this idea. He stated this idea after …

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US oil prices finally exceeded $ 40

Iran Nuclear Deal Talks Delayed, Causing Oil Prices to Rise

Oil prices soared on Monday, supported by solid demand during the summer driving season. Besides, the suspension of negotiations to restart the Iran nuclear deal also had influence. As of 0622 GMT, Brent crude oil in August rose 23 cents, or 0.3%, to US$73.74 per barrel. The price of West Texas Intermediate crude oil in …

Iran Nuclear Deal Talks Delayed, Causing Oil Prices to Rise Read More »

Dollar declined on Monday along with Sterling and Aussie 

Dollar Declined on Monday Along with Sterling and Aussie 

The U.S. dollar index tumbled down on Monday after it skyrocketed due to the Federal Reserve’s sooner-than-expected hawkish tilt at the end of the last week. The Australian dollar was another big loser today. It plunged after the prices fell on iron ore, which is the country’s top export. Against six major currencies, the dollar …

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