Day: February 28, 2020

Top Analyst Explains Why He’s Buying Bitcoin At $8,500 After 18% Retracement

TradingBTC

After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move. While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where it was trading just hours ago per data from TradingView. Related Reading: Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance” The Case for a Bullish Bitcoin Reversal From $8,500 LightCrypto,…

Private Brave Browser Integrates Auto Wayback Machine Lookup

TradingBTC

Brave, a major privacy-oriented rival of popular browsers like Google Chrome and Firefox, now automatically redirects users to check out archived versions of pages that were removed from the web. Starting from Feb. 25, Brave browser users can instantly access archived content of “missing” pages on the Internet via Wayback Machine integration on the Brave desktop browser. In order to unlock the new feature, Brave has partnered with popular nonprofit digital library The Internet Archive, or Archive.org. The new feature debuted on Brave browser version 1.4 and is only available…

Australian Judge Says Crypto Is a Legitimate Investment Vehicle

TradingBTC

As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral. “This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press. The plaintiff vies for crypto usage As part of the defamation case, the NSW court stated the accusing party must place $20,000 AUD, or approximately $13,000 USD, in a bank account guarded by the courts. Should the accusing party lose or…

Dow Claws Back Huge Losses at Close as Trump & Fed Rumors Spook Bears

TradingBTC

A massive recovery in the Dow Jones late on Friday helped lift the index to just a 350-point loss. A huge spike in trading volumes suggests a short covering lifted the U.S. stock market of an uncertain weekend. Trump is believed to be weighing tax cuts as part of his coronavirus stimulus package, and Wall Street can’t rule out an emergency intervention from the Federal Reserve. The Dow Jones pared losses by 600 points at the close Friday, as U.S. equity markets rebounded from intraday lows. News broke late in…

Shadow Legends Just Got Caught in the Stupidest Lie Imaginable

TradingBTC

Raid: Shadow Legends is a mobile RPG with an infamously aggressive marketing strategy. The developers claimed on Twitter that they do not sponsor YouTubers… and that all of their shout-outs have been unpaid. This is easily one of the stupidest lies you’ve ever seen. It’s hard to find a gamer who hasn’t heard of Raid: Shadow Legends. The mobile game has been supported by a massive marketing push over the past year. Pretty much any YouTuber who’s even vaguely connected to the gaming industry has had a video sponsored by…

CoinMarketCap CEO Hosts ‘Live’ AMA on Twitter — With No Video

TradingBTC

Crypto data site CoinMarketCap hosted a “live” ask me anything, or AMA, session on Twitter with company CEO and founder Brandon Chez — but the session only included Chez on Twitter standby posting comments, not on video.  “I do value my privacy, but [am] not completely opposed to trying more of a live format in the future,” Chez said in a tweet when asked if the AMA format was for anonymity or privacy purposes. “We’ll see how this AMA goes,” he added.  Chez appears quite private The AMA’s format lines…

U.S. Media Accused of Hyping Coronavirus to Bring Down Donald Trump

TradingBTC

White House chief of staff Mick Mulvaney has suggested the U.S. media is exaggerating the threat of coronavirus to “bring down” President Trump. Mulvaney implored Americans to ignore the media and turn off their televisions for 24 hours. “This is not Ebola, it’s not SARS, and it’s not MERS,” claims Mulvaney, despite not being a medical expert. Even the most hardcore Donald Trump supporters had to be rolling their eyes at what Mick Mulvaney had to say about coronavirus on Friday. The chief of staff was interviewed at the Conservative…

Why Gold Is Suddenly Crashing Along With Stocks

TradingBTC

Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks and other assets may have also forced traders to give up their gold positions to cover losses elsewhere. The price of gold plunged on Friday, selling off in lockstep with equities as the impact of coronavirus quickly spread to the commodities…

The Dow Is Plunging Because the Stock Market Didn’t Take the Fed’s Bait

TradingBTC

The U.S. stock market fell again on Friday after the WHO raised its threat level on the coronavirus (COVID-19) to “very high” and flirted with “pandemic” terminology. Briefly boosting a shaky Dow Jones, Fed Chair Jerome Powell spoke this afternoon. A cataclysmic drop in Boeing shares did much of the damage to the Dow 30. The Dow Jones tumbled toward another ugly loss on Friday, even after a surprise message from Jerome Powell raised hopes that the Federal Reserve will intervene to support a fragile stock market. Powell’s comments sparked…

As Fed Contemplates Coronavirus-Prompted Easing, Bitcoin Traders Bet on Halving

TradingBTC

U.S. stocks continue to reel over coronavirus-related fears, and investors are increasingly betting the Federal Reserve will slash interest rates to stabilize the economy and markets. But whether those investors turn to bitcoin (BTC) as a crisis hedge remains to be seen. Such action by the Fed could, in theory, help bitcoin prices since lower rates would likely reduce the appeal of income-yielding assets such as U.S. Treasury bonds, according to analysts tracking the 11-year-old cryptocurrency. So far, the Fed has not said whether it would cut rates, with Chair Jerome…

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