Day: February 22, 2020

Is Upside Past $10,000 Possible?

TradingBTC

Over the past 30 minutes, the crypto market has mounted a surprise recovery: Bitcoin, after flatlining around $9,650 for some 36 hours, surged higher just this hour, reaching as high as $9,945 just minutes ago as of the time of this article’s writing. This rapid 2% gain from $9,700 liquidated a mere $15 million worth of short-side positions on BitMEX, as leverage traders have been delevering their positions over the past day or two when Bitcoin started to stagnate. Bitcoin Surges Past $9,900, Leaving Many Asking What’s Next As this…

Ethereum Primed For Lift-Off And Move To $300 On The Cards

TradingBTC

Ethereum started a downside correction from well above the $280 level against the US Dollar, similar to bitcoin. ETH price found support near $245 and it is currently forming a fresh bullish trend. ETH price is trading nicely above the $245 and $250 support levels against the US Dollar. The price is slowly rising and it could continue to rise if it breaks the $270 barrier. There is a key bullish trend line forming with support near $254 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

Are Overstimulated Stocks Ignoring Coronavirus Risks?

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The Wuhan coronavirus is rapidly spreading around the globe and may soon be declared a global pandemic. The crisis is having a significant economic impact on companies, but financial markets remain nonchalant. China’s economic stimulus may be distorting financial markets. The West should avoid falling into the same trap. The Wuhan coronavirus outbreak has grown into what looks to be the start of a global pandemic. Confirmed cases of the disease have soared to around 78,000 with 2,362 fatalities. The virus is spreading rapidly outside of China due to a…

Half of Predictions Are Right Half the Time — BTC’s Halving Divides Opinions

TradingBTC

The renowned Mike Novogratz, founder of digital assets merchant bank Galaxy Digital, has once again voiced his predictions on the price of Bitcoin (BTC) in light of the impending Bitcoin halving set for May 2020. According to Novogratz, the inceptive cryptocurrency will likely breach the $20,000 benchmark in 2020. The prediction comes a couple of months after Novogratz stated that BTC would reach $12,000, right before the latest rally. Will Novogratz, who is known for his daring forecasts — most of which are not far off the spot — be…

Putin Is Helping Bernie Sanders but Not for the Reason You Think

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Russia is interfering to help Bernie Sanders as well as Donald Trump in 2020. Many are speculating that this is because Vladimir Putin believes Sanders cannot possibly beat Trump. The reality is far more subtle and centers around the Vermont Senator’s views on NATO. Russia loves interfering with U.S. elections. This is a fact confirmed by almost every single U.S. intelligence department and anyone with access to a Twitter account. The latest effort from Vladimir Putin and his legion of hackers is to continue helping Trump, but curiously they are…

Dak Prescott Will Likely Get Elite Money for His Above-Average Talent

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Quarterback Dak Prescott reportedly turned down a contract worth $33 million per year from the Cowboys. The Cowboys starter reportedly wants $40 million annually. Prescott is no Patrick Mahomes, but he could get paid like him. The Dak Prescott contract drama lives another day. Dallas Cowboys Hall of Famer Emmitt Smith is the latest personality to weigh in on the situation. Smith claims that Prescott should cut the Cowboys some slack and take less than he’s looking for: Dak has to understand and maybe take another perspective. The perspective may…

Lil Pump’s Retirement Was a Blatant Lie – Here’s Why That Sucks

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Lil Pump breaks the record for the world’s shortest retirement comeback. The mumble rapper has a Lil’ history of violence I’d rather listen to the sound of internet dial-up, on repeat— forever—than hear the words “Gucci Gang” one more time. Much to the jubilation of people with ears, American “rapper” Lil Pump, AKA Gazzy Garcia, announced his retirement last week. Unfortunately, Pump’s brief break from music was a poorly concocted charade. But time is most definitely up for the problematic mumble rapper. The Retirement Announcement We All Wish Was Real…

Boeing’s Shocking Debris Problem Exposes the Company’s Dangerous Monopoly

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Boeing has found debris in the fuel tanks of most of the undelivered 737 MAX jets it has tested so far. Boeing’s quality control issues raise questions about the company’s monopoly and its merger with McDonnell Douglas 20 years ago. Boeing may be exploiting its monopoly to deliver substandard products to consumers. This should draw the attention of antitrust regulators. Boeing (NYSE: BA) has found foreign object debris in most of the undelivered 737 MAX jets it has inspected so far. The American planemaker first announced that it would be…

Are the BZx Flash Loan Attacks Signaling the End of DeFi?

TradingBTC

Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly happened? Was it an exploit, a simple case of arbitrage or a malicious attack? And where does decentralized finance go from here? It hasn’t been a good PR week for the DeFi sector. For some, the movement promising an alternative to the legacy financial system is starting to look like a failed…

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