Analysts come unglued ahead of Nvidia earnings call — $10T within 5 years
The Sept. 28 earnings report is being called the most important event of the year for the stock market.
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Bitcoin Price is Showing 3 Textbook Technical Signs of a Severe Correction
The Bitcoin price (BTC) has been consolidating in the $6,900 to $7,100 range throughout the past 36 hours, right below a heavy resistance level at $7,200. Typically, a large price movement occurs when BTC gets stuck in a tight range for a prolonged period of time.Crypto market daily performance. Source: Coin360Currently, there are three technical…
Report: Bill Miller Hedge Fund Surges 46% Thanks to Bitcoin, Amazon
The hedge fund of famous investor Bill Miller saw 46% growth in the first half of 2019, reportedly in some part from investing in Bitcoin (BTC).Citing an investor document, Bloomberg reports on July 26 that Miller achieved such outstanding results by investing in Bitcoin among other high-performing stocks. Alongside Bitcoin, other investments in the Miller’s…
Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return
The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits. According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more…
British Virgin Islands Announce US Dollar-Backed Digital Currency
Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI).According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium. The coin will be…
Liminal blames compromised WazirX devices for hack, claims UI not responsible
Compromised WazirX devices provided "legit transaction details" to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban
The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption. 47 Total views 5 Total shares Amid more reports on the Bank of Russia rejecting the finance ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency.The Russian…
CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi
The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million.Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the…
Russian Orthodox Church will not accept Bitcoin in offering plate
A church spokesperson said it was also unlikely the church would release its own digital currency. 2760 Total views 13 Total shares With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings.According to a Q&A streamed on YouTube by Jesus Portal, the chairman…