Category: Stock Market

Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst

Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength - Bloomberg AnalystBitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock […]

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Bitcoin Soars to Its Highest Level Since Crashing in March

Bitcoin Soars 9% to $7,500 - Its Highest Level Since Crashing in MarchBitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than 10% during the last 24 hours spurred by the return of leveraged money. Bitcoin cash (BCH), ethereum (ETH), and ripple (XRP) all rose above 4% to $239, $189, and $0.19, respectively. The digital asset litecoin (LTC) […]

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$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American

On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress […]

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Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions

Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price PredictionsDigital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains. Also read: MTV Airs Only the Negative […]

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Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into SpaceVirgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism. Its […]

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‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus

For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The […]

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Fear Grips Stock Market Traders While Cryptocurrency Investors Become Greedy

Fear Grips Stock Market Traders While Cryptocurrency Investors Become GreedyThe clash of two emotions, fear and greed, is said to determine investors’ sentiment. This ratio draws a historical picture of the market and it’s also an indicator of its future state. As an established trend, traditional investments such as stocks and digital assets like cryptocurrencies often move in opposite directions. The beginning of 2020 […]

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China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of EpidemicChina’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]

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IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020

IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide are struggling to address pressing issues such as stimulation […]

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CoinCasso Launches Worldwide Crypto Christmas Challenge

CoinCasso Launches Worldwide Crypto Christmas ChallengeThere are not many contests in the cryptocurrency sector on such a scale! CoinCasso worldwide exchange platform is organizing an international competition, lasting until the end of the year. In the prize pool there are the newest mobile devices, including iPhone 11, Apple Watch, iPhone 8 and the main prize – MacBook Air notebook!

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How SLP Dividends Can Tokenize Anything, Including the Stock Market

How SLP Dividends Can Tokenize Anything, Including the Stock MarketNot everyone is lucky enough to have access to the stock market and the ability to buy shares in successful corporations like Apple or Coca-Cola. Many impoverished and politically restricted areas make such participation impossible for those who live there. However, thanks to the ability to tokenize virtually anything via SLPs (Simple Ledger Protocol tokens) […]

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Mining Chip Maker Ebang Next in Line to File for US IPO

ASIC Chip Maker Ebang Next in Line to File for US IPOEbang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer plans to follow Canaan’s footsteps with an attempt to be listed on the American […]

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How Traditional Stock Markets Can Help Mainstream Cryptocurrency

How Traditional Stock Markets Can Help Mainstream Cryptocurrency - or NotIt’s not a stampede, but a growing number of traditional stock exchanges have begun to offer cryptocurrency-related products, in a move that’s been viewed in some quarters as key to introducing cryptocurrency to conventional equities investors. But will the involvement of stock exchanges help the cause of cryptocurrency, or is this merely an opportunistic endeavour […]

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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike

CNY Inflows Into Crypto Markets Surge After Shanghai Composite SpikeBack in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting […]

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Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market

Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market due to 'Generational Shift'Nearly half of millennial traders have more faith in cryptocurrency exchanges than they do in traditional ones. They are also enthusiastic about the prospect of traditional financial institutions offering crypto assets. That’s according to a new survey which shows a “generational shift” where millennials “place their faith in the power of technology and open networks.”  […]

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