Author: Henry R. Lares

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

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Crypto Finance News

The XRP Price Could Break Through the Resistance Level These Days

In the last period, the cryptocurrency has been going through some rough times. There is still a negative pressure over markets, so we will have to wait and see in which direction virtual coins will go.

Reports concerning the XRP prices for last week were not impressive, so experts say that we should see the latest trends as encouraging: in the last 24 hours, things have started to head towards the right direction, so the XRP prices are about to break the resistance level established at $0.50 again.

A stable ground is needed for keeping the flow up

Cryptocurrencies have had a bad start in 2018, but this does not mean that the situation will remain the same until the end of this year. Although the trend was negative so far, experts follow every activity in this area, so no move happens without them knowing about it.

They say that a bad start of the year is not a certain sign that the death of cryptocurrencies is near. On the contrary, the virtual coin can be reinvigorated if stability will enter the stage. After the latest fluctuations, the market needs some safety landmarks to lean on, but we are not sure yet what to count on.

The XRP price has gone very low in 2018, although at the end of 2017 it met one of the highest level in history. Now, if the price reaches almost $0.50, analysts say that we could be looking at a positive future trend. The price is rising very slowly, but any progress will be welcomed by those who follow the movement right now. However, we should also remain realistic and understand that everything can happen, because we cannot be sure about anything right now. All we can do is wait and we will see if the cryptocurrency can bring some Easter light.

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Crypto Finance News Personal Finance

Robinhood Financial to Release Crypto Trading Which is Free of Commission

Robinhood Financial reported the release of crypto trading without any charges in four US states: California, Massachusetts, Missouri, and Montana. The rundown is to be broadened later. Robinhood Financial, California-based money related company releases crypto trading, which has no commission in some U.S. states, with others on the waitlist.

Which are the cryptocurrencies which are now charge-free?

Investors in California, Massachusetts, Missouri, and Montana can exchange Bitcoin and Ethereum with no expenses, however, clients will still be in charge of expenses charged by the underlying exchanges. More coins which can be traded are to be included later.

About Robinhood Financial

Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which ensures securities clients of its individuals up to $500,000. It was opened in 2013 and Robinhood is a well-known stock trading application inside recent college grads with 4 million enrolled clients.

In January this year, the company propelled Robinhood Crypto which gives rivalry to the several other bitcoin trades including US-based Coinbase, which is among the main trading platforms. Presently, with absence of charges, Robinhood is probably going to bait more crypto investors.

As a feature of the release, the stock brokerage additionally released the dispatch of a web-based social network platform named Robinhood Feed. It is an online social dialogue forum that gives investors a probability to talk about various digital currencies, advertise patterns and news from the web.

Right now, Robinhood Financial has over $100 billion in exchange volume on its business platform

The primary declaration of the Robinhood’s intends to begin zero-expense crypto trades which pulled in one million clients in simply four days, the first four days. The primary thought of this sans commission exchanging is to convey digital forms of money to a more extensive audience formed of investors, giving them a platform that “democratizes” trading through extending the group of potential investors utilizing mobile and online applications.

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Crypto Finance News Personal Finance

Ripple (XRP) is Getting Ready for an Agreement within an International Banking System

This week, a spokesperson from Ripple has made an interesting statement: the company is currently working with 40-50 international central banks, among which the Bank of Thailand. Specialists don’t know yet if the public relations representative aimed to officially announce this or if it was an accident, but they are sure that this step could open new ways for Ripple.

In fact, the thing that puts Ripple in front of its competitors is the will to extend the collaboration with international banks and thus integrate into a central banking system that can work for many countries. In this case, Bitcoin will be disadvantaged by the possibility of remaining decentralized if they go mainstream. Of course, the announcement made by Ripple is not that surprising, because their intention was predictable; they have had discussions with many central banks and they cannot make a press conference all the time.

The latest trends focus on cross-border payments

The announcement made by Ripple was part of a panel discussion about cross-border payments. The fact that they decided to go through with the idea of a transnational banking system is the result of efforts dedicated to making international payments possible. Ripple saw that the only way in which this dream can come true is by establishing a partnership with central financial institutions which have the adequate infrastructure for holding cross-border payments.

The Bank of Thailand and other central banks are umbrellas that cover many smaller banks with local activity, so Ripple hopes that by including them in the process of international payments, the small institutions will follow. Their idea could work, if we consider that nowadays people, capital and merchandise move a lot. In the end, another question remains: 40-50 banks mean an overestimation or a realistic number? In any case, people are excited about this partnership, so Ripple should keep up the good work.

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Markets

BRP surpasses expectations despite lower profit in Q4

Despite announcing a profit and lower revenues for its most recent quarter, BRP surpassed analysts’ expectations and its stock jumped nearly 10% on Wednesday.

The manufacturer of the Ski-Doo snowmobiles posted a shareholder profit of $115.2 million, or $1.12 per share, for its fourth quarter ended January 31. In comparison, he had earned $136.6 million, or $1.22 a share, for the same quarter a year earlier.

Excluding non-recurring items, BRP’s earnings were $0.96 per share, compared to $1 per share for the same period a year earlier.

Valcourt’s sales reached $1.26 billion in the most recent quarter, up from $1.31 billion a year ago.

Despite the decrease compared to the previous year, these results exceeded analysts’ expectations. These were adjusted earnings per share of $ 0.91 and revenues of $1.24 billion, according to forecasts collected by Thomson Reuters.

Investors welcomed the results and BRP shares gained $4.31, or 9.5 per cent, on the Toronto Stock Exchange, closing at $49.88.

“For fiscal 2019, we continue to aim for rapid growth for seasonal and all-season categories,” BRP President and CEO José Boisjoli said in a statement.

“In the current economic environment, I am confident that we will achieve our objectives for fiscal 2019, including revenue growth of 5-8% and normalized earnings per share of 20-25%. ”

BRP further stated that it would pay a dividend of $0.09 per share, up from $0.01, or 12.5%, compared to the previous dividend.

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Economy

Investors Ready to Buy Toys “R” Us Canadian Stores

The Toys “R” Us receivables have received several non-binding offers to buy the Canadian division of the children’s toy retailer, according to US court documents.

While the toy distributor wants to cease operations, bankruptcy documents show that the debtors had reached more than 20 interested investors to sell the 82 stores across Canada.

Some investors signed a confidentiality agreement and had access to an electronic data room to post potential offers. Negotiations would be under way with some of them.

Debtors are trying to combine the sale of up to 200 of the best stores in the United States with Canadian branches, as President and CEO David Brandon said last week. Conversations took place on this proposal.

MGA Entertainment, a Californian company that designs Bratz dolls, confirmed last week that its leader, Isaac Larian, and affiliated investors had made an offer to acquire Canadian stores.

Toys “R” Us announced that it would close or sell its 740 stores and end its international operations.

It has received several non-binding offers for its activities in Europe and has called for offers in the Asia-Pacific region by the beginning of April.

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