Day: February 18, 2020

Bitcoin Price Reclaims $10K Reversing Weekend Losses, XTZ Soars 13%

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After a bearish weekend which saw Bitcoin (BTC) price drop 8.76% to $9,444, the price has again reclaimed the $10K mark. Prior to the breakout, the price was steadily moving upward, reclaiming the $9,800 support on increasing trading volume.  Over the weekend many traders expressed fear that a drop below $9,450 would solidify a bearish trend reversal but previous analysis by Cointelegraph suggested that a sharp retrace that could pull the price to the $9,500 to $8,800 zone was needed after Bitcoin’s recent strong performance. Crypto market daily price chart.…

FCoin Closes Down, Reveals $130 Million Bitcoin Shortfall

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The growth in the crypto space over the past half a decade or so has been primarily fueled by the emergence of crypto exchanges like FCoin, among others. While that may be true, it should also be kept in mind that many such exchanges have floundered due to a variety of reasons, and such a thing has happened with the above-mentioned exchange. Big Blow In a new development, it emerged that the exchange has paused withdrawal and trading due to a significant shortfall in crypto assets. It is a problem…

BitGo Acquires Harbor in Surprise Expansion Beyond Crypto Custody

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BitGo is expanding beyond crypto custody with the takeover of a onetime poster child of the adjacent market for digital securities. Harbor’s subsidiaries, which include a broker-dealer regulated by the Financial Industry Regulatory Authority and a transfer agent supervised by the Securities and Exchange Commission, are included in the acquisition, the companies said. The move allows BitGo to expand its services from custody, becoming what CEO Mike Belshe said is the first “full-stack” service provider in the digital securities space. The terms of the deal were not disclosed. The acquisition…

Firing John Beilein Won’t Fix the Grossly Mismanaged Cavaliers

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John Beilein’s future with the Cleveland Cavaliers is looking as uncertain as ever, with rumors he could be out before the season finishes. Beilein’s old-school approach is more suited to the college basketball ranks. With the Cavaliers sitting on a 14-40 record that consigns them to the lower reaches of the Eastern Conference, a change is on the horizon. It’s safe to say that Cleveland Cavaliers head coach John Beilein has found the transition from college sports to the professional ranks challenging. Beilein has been on the bench for close…

Firing John Beilein Won’t Fix the Grossly Mismanaged Cavaliers

boss

John Beilein’s future with the Cleveland Cavaliers is looking as uncertain as ever, with rumors he could be out before the season finishes. Beilein’s old-school approach is more suited to the college basketball ranks. With the Cavaliers sitting on a 14-40 record that consigns them to the lower reaches of the Eastern Conference, a change is on the horizon. It’s safe to say that Cleveland Cavaliers head coach John Beilein has found the transition from college sports to the professional ranks challenging. Beilein has been on the bench for close…

Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App Flipstarter

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On February 15, a user on the read.cash blog site announced the development of a new Bitcoin Cash fundraising project called Flipstarter.cash. The developers behind the platform highlighted the recent questions people have been asking about voluntary funding of the Bitcoin Cash commons. The Flipstarter team plans to release an application that allows people to fund projects in a “secure, non-custodial” fashion using the Electron Cash wallet. Also Read: The Many Facts Pointing to Dorian Nakamoto Being Satoshi Flipstarter: A Lighthouse-Like Bitcoin Cash Crowdfunding App Is Coming Soon A team…

Instant Crypto Exchanges, Explained | Cointelegraph

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The differences between instant and traditional exchanges do not make one inherently better than the other — they’ve been created for different use cases. Developing an understanding of instant crypto exchanges will help you determine which solution best fits your needs. Below are some of the potential benefits of opting for an instant crypto exchange: Funds storage — safety Perhaps the most fundamental way, in which instant crypto exchanges differ from their more traditional exchange counterparts is the way funds are kept. Instant crypto exchanges receive and deposit funds directly to your…

Here’s What Analysts Expect Next

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Just minutes ago as of the time of this article’s writing, Bitcoin exploded past $10,000 after a nearly-10% correction that brought the asset to $9,500. The cryptocurrency has yet to register a multi-hour or daily candle close above this level, though analysts say this latest break of the psychological $10,000 resistance is a likely precursor to a resumption of the long-term bull trend. Bitcoin’s Move to Reclaim $10,000 Just the Start: Analysts Gerald Walker, who has a moniker “The Wolf of All Streets,” remarked that Bitcoin remains in an ascending…

Is Walmart’s Overvalued Stock an Omen for Recession?

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Walmart’s fourth-quarter results were a disappointment. Both top and bottom line numbers fell short of analyst expectations. Despite the obvious business slowdown, Walmart’s stock remains near its all-time high. Walmart’s stock price is becoming increasingly divorced from business fundamentals. This may be evidence that the wider market rally is nearing its end. Walmart (NYSE:WMT) is the largest private-sector employer in the United States. The retailer boasts a staggering 1.5 million employees and claims the top spot on Fortune’s Global 500 list with $514 billion in annual revenue. Needless to say,…

Collectible William Shatner Figurines Have Now Been Authenticated on Ethereum

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Matterum’s platform for authenticating collectible items is now live, and it’s already processed several $10,000 William Shatner figurines. According to its website, Mattereum “has the tools to make physical goods flow around the world as easily as information using Ethereum blockchain smart contracts.” The company’s first client is Third Millenia Inc. (which works on the authentication of real-world items), co-founded by actor William Shatner of Star Trek fame. Amongst the first digitized objects were several signed Captain Kirk action figures. They’re worth a lot of money! A Mattereum Asset Passport…