Month: October 2019

Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts

Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While this wasn’t a decisively bearish move in and of itself, a sentiment that “the rally is over” is starting to bubble in trading circles. Related Reading: Coffee…
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Chinese Altcoins Retrace from Daily Highs as Hype Falters

Late last week the Chinese President offered widely publicized comments regarding his intentions to make China a global leader in blockchain technology, which was met with mixed reactions from investors, with some analysts noting that it was the catalyst behind the recent rallys incurred by Bitcoin and altcoins alike. These comments were particularly impactful to…
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Prominent Bitcoin Naysayer Refutes China Being Behind Recent BTC Rally

Peter Schiff has refuted the notion that the Chinese government endorsement of blockchain is behind Bitcoin’s recent price rally. The price of the leading digital asset surged on Friday to a high above $10,000 on some exchanges before returning to around $9,400 at the time of writing. Schiff instead claims that so-called whales (large holders…
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Behold The Hero Combat Dog That Ran Down ISIS Leader Al Baghdadi

The military’s working dogs are absolutely amazing. They are true heroes that fight right alongside their human teammates in literally the most dangerous scenarios one can imagine. They have a long and downright impressive history that is increasingly being appreciated. Case in point, Saturday’s raid to capture or kill one of the most despicable human…

1,000-HP ‘Hellephant’ Crate Engine Heads to Production After Fixing Reliability Problems: Report

The performance parts specialists at Mopar will put the 1,000-horsepower “Hellephant” crate engine into production by the end of 2019 despite delays reportedly caused by reliability concerns. A sequel to the earlier, 707-horsepower “Hellcrate” V-8, the Hellephant is a 6.9-liter (426 cubic-inch), supercharged, all-aluminum V-8 that produces a full 1,000 horsepower and 950 pound-feet of…

Analyst: Bitcoin May Target $8,900 After Being Rejected at Key Resistance

Bitcoin has been incurring significant volatility over the past several days, which has mostly favored the cryptocurrency’s bulls as BTC has been able to run from lows of $7,300 to highs of $10,600 before settling in the middle of this wide trading range. Analysts are now noting that they believe Bitcoin will drop lower in…
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Coffee for Crypto? ICE to Launch Bitcoin Consumer App with Starbucks

The Intercontinental Exchange (ICE) is eyeing the first half of 2020 to begin testing of its consumer-facing Bitcoin payment application. The company will be working with its partner Starbucks to bring the app to life. The financial markets company’s first foray into the world of digital assets was the recently launched Bakkt platform, which offers…
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Why China’s Interest in Blockchain Will Ultimately Be Bad For Crypto

Last week, Chinese President Xi Jinping gave a speech where he praised the blockchain technology many crypto assets are built on and urged his country to ensure it is at the forefront of future developments in the space. Bitcoin and other Chinese altcoins pumped on the news, with Bitcoin setting it’s third-largest one day gain…
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Take Over This 2019 Lamborghini Huracan Lease for $3,000 a Month

Car leases can be beneficial. Maintenance is worked into your monthly payments, fewer financial risks due to depreciation, and the shorter term of a lease can save the consumer money long-term. The reality of leasing a supercar, however, can be considerably different which seems to be why this 2019 Lamborghini Huracan is now being offered…

Not So Fast Bulls: Latest Bitcoin Pump May Be Wyckoff Distribution Throwback

The Bitcoin pump heard ‘round the world has the entire market bullish once again, following Bitcoin’s third-largest one day gain in its history on news that China is in support of the blockchain technology underpinning Bitcoin and other crypto assets. Even the most bearish crypto traders have flipped bullish on Bitcoin, however, the spike could…
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This Crypto Related Stock Surged 67% after Xi Jinping’s Blockchain Push

Hong Kong investors increased their exposure in a blockchain firm after China’s premier Xi Jinping endorsed the technology in his Friday speech. The stock value of Pantronics Holdings Limited (1611:HK), a Hong Kong-based electronic product manufacturing firm, climbed by up to 67.10 percent on Monday. The company did not display any concrete fundamentals that could…
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Bitcoin Pops after Xi Jinping’s Blockchain Endorsement

China’s President Xi Jinping’s endorsement of the blockchain technology sent bitcoin up by more than 40 percent. The benchmark cryptocurrency established a new session high of $10,540.49 after rising by $3,109 over the weekend. The surplus gains came after a depressive performance last week, wherein bitcoin price shed as much as 17.33 percent, or $1,529.96….
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Bitcoin Options Market: 10% Chance BTC Trades at $20,000 in June

The recent Bitcoin (BTC) jump from $7,300 to $9,700 has renewed bullish expectations. Just three days ago, you had analysts calling for a return to the $3,000 lows — gold bug Peter Schiff even noted that $2,000 was in the cards; now, all eyes are on new all-time highs for Bitcoin. Related Reading: Crypto SIM Hack:…
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Newsletter: Get Ready for the Fed, GDP and Jobs

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Buckle up. This week is a triple header of major economic news in the U.S.: the first read of third-quarter economic growth, a policy statement from the Federal Reserve and October’s jobs report. A B […]