Money

Major crypto hit as Paypal halts sales from October

Published

2 years ago

August 17, 2023

Paypal has announced its decision to temporarily suspend cryptocurrency purchases for UK customers starting from October 1st, 2023.

This move is in response to forthcoming regulations aimed at restricting the promotion of cryptocurrencies within the United Kingdom.

The Financial Conduct Authority (FCA) in Britain is set to enforce more stringent rules governing the advertisement of crypto assets, including the mandatory inclusion of risk warnings and the discontinuation of “refer a friend” incentives.

According to an email sent to its clientele, PayPal revealed its intention to comply with the impending regulations by putting a pause on cryptocurrency buying on its platform. The new regulations are slated to take effect on October 8th, 2023.

When sales resume?

The company assured its customers that this measure is temporary and it plans to resume cryptocurrency sales in early 2024.

In the email shared with Reuters, PayPal stated, “PayPal consistently works closely with regulators around the world to adhere to applicable rules and regulations in the markets in which we operate.” While this temporary halt affects crypto purchases, customers will still retain the ability to hold and sell their existing cryptocurrency holdings without any disruption.

The decision by PayPal to suspend crypto sales in the UK reflects a broader trend of regulatory tightening in the global cryptocurrency market. This comes after a series of setbacks, including the collapse of several crypto firms like FTX, which led to substantial losses for amateur investors. These incidents have prompted regulatory bodies worldwide to take a closer look at the cryptocurrency industry and consider measures to mitigate potential risks.

Regulation nightmare

In a move that garnered attention earlier this month, PayPal made a significant announcement related to the cryptocurrency space. The company introduced a U.S. dollar stablecoin, a type of cryptocurrency designed to maintain a stable value by being pegged to a tangible asset.

PayPal initially ventured into the UK cryptocurrency market in 2021, enabling customers to buy and sell digital assets through its platform.

As the landscape of crypto regulation continues to evolve, PayPal’s decision to temporarily halt crypto sales underscores the challenges faced by financial technology companies in navigating the complex regulatory environment.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

3 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

3 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

3 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar