A Generational Bottom May Be in For Bitcoin at $6,500 as Traders Expect Big Rally
Bitcoin price strongly defended a key support dating back to 2015. It rose by more than $1,000 in 24 hours, marking a potential generational bottom. Positive sentiment can be carried over to early 2020, unlike late 2018. The bitcoin price has strongly recovered after testing the $6,400 support level. Following a $1,000 increase, a “generational…
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Dow Pierces 28,500 as Xi Jinping Touts Trump Trade Deal’s Global Impact
The Dow Jones rose Friday as Xi Jinping praised Trump’s phase one deal, but geopolitical tensions lurk behind the scenes. Another bounce now puts the stock market at record highs after the last full week of trade in 2019. Losses in Boeing (NYSE: BA) and Nike (NYSE: NKE) prevented the Dow from rallying further. The…
Bitcoin Moves Staggering $8.9 Billion USD in Single Record-Setting Hour
Bitcoin processed $8.9 billion in a single hour, highest in its history. It shows how BTC can grow as an established store of value. VC investors foresee BTC evolving into a major asset due to its ability to transfer value. In a single hour, the Bitcoin network processed $8.9 billion in transactions. While most of…
Dow Strolls Higher as Trump Removal Remains a Progressive Pipe Dream
Donald Trump’s impeachment looks inevitable, but his removal is not being taken seriously as a possibility for the Dow Jones. Nordea Research believes the president would lose Republican support in the event of a recession. Boeing (NYSE: BA) kept the Dow 30 afloat with a decent recovery rally on Wednesday. As the eyes of the…
How to Gain Extra Layer of Privacy While Spending Ethereum And Bitcoin
Using cryptocurrencies such as Bitcoin and Ethereum has been shown to have limitations in terms of privacy. A stranger could link your coins to your identity and use such information for bad purposes because the blockchain is an open ledger which anyone that has its copy sees every transaction and address balances. So a wallet…
Alpha Mining Project Set To Become Largest Crypto Mine In North America
China accounts for over 60% of global Bitcoin mining, but a new project is about to change that. The Alpha Project by BitPlus is a 50 million dollar project aiming to create the biggest crypto mining operation in North America. BitPlus is an American-based blockchain infrastructure and financial technology firm that specializes in the enhancement…
Dow Smashes Records While Stock Market Ignores Trump Impeachment
Further confirmation of the US-China trade deal helped lift the Dow to a record high on Thursday. Weak economic data and the Trump impeachment drama were ignored by Wall Street, as risk appetite continued to drive the stock market higher. Two of the “Dogs of the Dow” performed well, helping lift the index to unprecedented…
Dow Rises Cautiously Amid Fears Trump Deal Gets ‘Torn Up’ in 2020
Boeing stock stopped sliding on Tuesday, helping keep the Dow Jones a few dozen points in the green. The Dow lacked momentum, and stocks trended sideways for most of the session as investors examined Trump’s tactics on trade. ABN AMRO fears that lack of progress in talks with China next year could prompt the president…
Blockchain App ‘Smashboard’ Offers Help for India’s Sexual Abuse Victims
Smashboard is a blockchain-enabled app that plans to help sexual abuse victims in India. The app plans to reduce the trauma that’s associated with reporting incidents. Smashboard plans to add more features to help victims in the future. The Me Too movement in India gained steam last year when popular figures decided to come out…
Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile
The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily…
Dow Futures Surge but Wells Fargo Warns 4 Critical Stock Market Risks
Dow Jones Industrial Average (DJIA) futures jumped 111 points on Thursday, extending yesterday’s stock market rally. But Wells Fargo analyst Chris Harvey struck a negative tone, citing four major risks facing the market. Retirement funds, the Federal Reserve, growth expectations, and political risk are all headwinds going into 2020. Dow Jones Industrial Average (DJIA) futures…
Eidoo Platform Launches Instant SEPA for Instant Crypto Purchases with Euros
Leading DeFi platform Eidoo has integrated with Instant SEPA, enabling every European user to buy cryptocurrency in a matter of minutes, rather than hours or days. Eidoo is one of the first wallets to integrate this crypto on-ramp feature, which is faster than every regular SEPA transaction. SEPA stands for Single Euro Payments Area. It’s…
Ronaldo’s Juventus Scores the World’s Most Pointless Blockchain Use-Case
Blockchain company Socios has partnered with football club Juventus to launch a $JUV token. Fans can buy the token and use it to vote on which song the club will play in the Allianz stadium. Yet another example of a project that doesn’t need a blockchain or a token. File this under: things that absolutely…
Jack Dorsey’s Decentralized Social Media Utopia Is a Noble but Futile Idea
Jack Dorsey is assembling an independent team to build an open, decentralized protocol for future social media platforms. Somebody needs to remind him that he can’t control human nature. Give credit where credit is due, but don’t buy into the hype just yet. Jack Dorsey has long been the black sheep of the tech elite.…
BDAM Foundation Launched BDAMX, BDAM Pay and BDAM dApp Store
British Digital Asset Management, a Hong Kong based foundation, has officially announced its upcoming project, i.e., BDAM, whereby it aims to revolutionize the current day finance. The project and its websites are already live and available for community review. With the BDAM project, the foundation strives to create a complete financial ecosystem. In this vision,…
