Author: vanitakrimmer34
Hong Kong stocks close lower as materials weaken, cryptocurrency…
May 24 (Reuters) – Hong Kong stocks closed lower on Monday, as materials firms slid after China stepped up intervention in the commodities market, even as cryptocurrency-related stocks dived after Beijing’s latest crackdown.
** The Hang Seng index fell 0.2%, to 28,412.26, while the China Enterprises Index lost 0.6%, to 10,641.40 points.
** Leading the declines, the Hang Seng materials index dropped 2%, with Chalco and Zijin Mining Group Co Ltd down 5.1% and 3.3%, respectively.
** China’s market regulators warned industrial metal companies to maintain “normal market order” during talks on the significant gains 0xe7 in binary option metals prices this year, the National Development and Reform Commission (NDRC) said on Monday.
** Investors tread carefully as they await U.S.
personal consumption and inflation figures this week.
** The diary has a crowd of Fed speakers this week, including the influential Fed Board Governor Lael Brainard, and markets will be keen to hear if they stick to the script on being patient with policy.
** Digital currency and block-chain related stocks also weakened, after China vowed to crack down on bitcoin mining and trading activities.
** HK-listed Okg Technology Holdings Ltd, an affiliate of crypto exchange OK Coin, Huobi Tech, an affiliate of crypto exchange operator Huobi and BC Technology Group tumbled between 5% and 22%.
** Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing’s move.
** The Hang Seng tech index ended 1.9% lower, with Chinese internet healthcare provider JD Health International Inc losing 6.3%.
(Reporting by the Luoyan Liu and David Stanway, editing by Ed Osmond)
Venmo now lets you buy and sell cryptocurrencies
id=”article-body” class=”row” section=”article-body”>
Angela Lang/CNET
on Tuesday is rolling out the ability for people to within the social payments app. The app will support four types of digital coin: , Ethereum, Litecoin and Bitcoin Cash.
“Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have,” said Darrell Esch, senior fair binary option vice president at Venmo, in a release.
See also
Venmo said customers can start using cryptocurrency — or crypto, for short — in the app with as little as $1. People will be able to buy and sell crypto using funds from their Venmo balance or a linked bank account or debit card. Venmo is also offering in-app guides and videos to “help answer commonly asked questions and learn more about the world of crypto,” the company said.
Venmo, which is owned by payments processor PayPal, announced plans to expand into cryptocurrency easier this year. The company is also like to help people save and , as well as keep up-to-date on shopping deals.
Crypto on Venmo is rolling out starting Tuesday and should be available to all users “within the next few weeks,” the company said.
CNET Daily News
Stay in the know. Get the latest tech stories from CNET News every weekday.
window.CnetFunctions.logWithLabel(‘%c One Trust ‘, “IFrame loaded: iframe_youtube with class optanon-category-3”);
The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.
English
Русский
Deutsch
فارسی
Français
Türkçe
العربية