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Newsflash: Bitcoin Price Hits 40-Day High, is $5,000 Next?

2 days 7 hours ago

Bitcoin’s February rally just crossed another milestone on Tuesday when the flagship cryptocurrency touched the $4,000 mark for the first time in more than a month. The crypto market had entered the US trading session on an incline, building upon the gains it consolidated following its last jump on Feb. 8. Shortly after 14:40 UTC, one or more major buy orders caused the bitcoin price to surge, enabling it to touch the $4,000 level before settling back to a present value of $3,955 on Bitstamp. That move brought bitcoin to a 40-day high, as Jan. 10 marked the last time

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Josiah Wilmoth

The Dow is Surging, But This Legendary Analyst Warns the US Stock Market is on Shaky Footing

2 days 8 hours ago

The U.S. stock market is seemingly in an ideal position to maintain its newly found momentum and extend its short-term rally throughout the upcoming months. The trade deal with China, which is widely considered to be the core catalyst of the U.S. stock market, has seen significant progress. Both countries have acknowledged the importance of a comprehensive trade agreement, and Chinese President Xi Jinping reportedly stated that the U.S. and China are “inseparable,” expressing his intent to reach a deal with the U.S. Louise Yamada Remains Skeptical of Dow’s 8-Week Rally However, on the technical side of the market, legendary

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Joseph Young

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

2 days 8 hours ago

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500

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Josiah Wilmoth

Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

2 days 8 hours ago

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3. The loss is evidence that the crypto bear market has dampened demand for mining rigs, the firm’s major product. It comes at a particularly bad time as Bitmain has been planning an IPO on the Hong Kong

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Mark Emem

Bernie Sanders is Running for President. He’s the Only One Who Can Beat Trump

2 days 10 hours ago

Bernie Sanders has officially launched his presidential campaign for 2020. The 77-year-old is now the Democratic front-runner and the only candidate who can realistically beat Donald Trump. Not only is he the most popular Senator in the country, but recent polls also show he would pip Donald Trump in a hypothetical election.  Beating Donald Trump is a huge motivator for Sanders’ 2020 run. The Vermont Senator branded Trump an “embarrassment.”  I'm running for president. I am asking you to join me today as part of an unprecedented and historic grassroots campaign that will begin with at least 1 million people

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Ben Brown

Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance?

2 days 11 hours ago

Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.” Maybe. But maybe not. Focusing on the high tech taxi company’s negative profits in 2018 might be missing the bigger picture of the value it represents over a bump in the road. It is an understatement to say Uber has no problem making money. The 2017 and 2018 “losses” aren’t because of bad

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Wes Messamore

$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

2 days 12 hours ago

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and frauds? Victims report alleged blockchain mining scam https://t.co/W0dgXJ54j3 — Bangkok

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Ben Brown