Day: February 20, 2020

Dow Futures on Edge after Shining Gold Sends Stock Market Warning

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Dow Jones Industrial Average (DJIA) futures were marginally lower ahead of the bell on Thursday. Gold hit a seven-year high as investors hedge against coronavirus economic impact. Stocks and gold rallying together are ‘striking’ and could be a warning sign for global stock markets. Dow Jones Industrial Average (DJIA) futures slipped into negative territory on Thursday, pointing to a nervy stock market open. It comes as gold stormed to a seven-year high – a potential warning sign that investors are hunting for safety. It’s no surprise that investors are flocking…

Bitcoin Traps Buyers With Biggest Daily Price Loss in Three Months

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View Despite an $800 fall on Wednesday, bitcoin’s broader trend remains bullish with prices holding above the higher low of $9,075 (Feb. 4 low). However, yesterday’s bearish engulfing candle has shifted risk in favor of a drop to that level. A move back above a short-term moving average at $9,800 could force sellers to reassess their positions. Bitcoin took its biggest daily fall in three months on Wednesday, potentially trapping the bulls on the wrong side of the market. Prices were rejected near $10,300 during the U.S. trading hours and…

Trader Who Nailed Bitcoin’s $3,000 Bottom Fears More Downside is Near

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Bitcoin did not fare well in 2018. Over the course of that year, the cryptocurrency plunged by dozens of percent from prices well above $10,000 to as low as $3,150 by December, falling as a “Crypto Winter” formed. The thing is, few expected for BTC to retrace that hard, with many in the middle of 2018 asserting that $6,000 was going to be the ultimate bottom for the then-embattled asset. But, in June 2018, a trader going by “SmartContracter” said he is “calling a bottom at exactly $3,200, with a…

Here’s Why Analysts Aren’t Worried After Bitcoin’s 10% Plunge to $9,250

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Bitcoin didn’t fare too well on Wednesday. After recovering 8.4% to $10,300 after a 10% retracement to $9,500, bears returned to brutalize bulls. In the span of a few hours time, the price of BTC tanked off a cliff, falling as low as $9,250 on some exchanges, shocking the entire industry in the process. In spite of this jaw-dropping move, a number of analysts have reminded investors to zoom out, underscoring that the short-term volatility on the downside disguises the long-term bull trend for Bitcoin. Bitcoin’s Long-Term Outlook Still Decisively…

What’s Hideo Kojima Teasing for Death Stranding in 2020?

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Hideo Kojima has shared a new Death Stranding-themed tease on Twitter. The short clip heavily references World War I flick, 1917. Kojima is more than likely putting in the ground work for a Death Stranding PC version release date announcement. Hideo Kojima is teasing something Death Stranding related. The head of Kojima Productions published a teaser trailer on Twitter in the early hours of today. With nothing more than a vague ‘Coming 2020’ to guide us through yet another characteristically oblique tease, Kojima’s intentions are unclear. Source: Twitter Death Stranding…

Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

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With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Bitcoin Superstar vs Bitcoin Era – Same Template, Different Names Bitcoin Superstar and Bitcoin Era are currently two of the most popular bitcoin investment schemes,…

Dutch Authorities Arrest Two Men for Alleged Crypto Money Laundering

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The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested two men for allegedly laundering money with cryptocurrencies. According to a statement released by the International Revenue Service on Feb. 18, the two men were arrested on Feb. 17 in connection to two separate criminal investigations into money laundering using cryptocurrencies. Both investigations were led by the National Office for Serious Fraud, Environmental Crime and Asset Confiscation. The money trail One of the suspects was a 45-year-old man who is accused of laundering 2.1 million euros. He purportedly used large…

Bitcoin and Ether Market Update: February 20, 2020

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The total crypto market cap is flat since Monday morning and still stands at $279.9 billion. Top ten coins mostly in red for the last 24 hours with EOS (EOS) and Bitcoin Cash (BCH) leading the pack with 10.7 and 8.2 percent of losses respectively. At the time of writing bitcoin (BTC) is trading at $9,591 on the Bitstamp daily chart, while ether (ETH) moved to $260 and Ripple’s XRP fell down to $0.274. BTC/USD Bitcoin remained flat around $9,900 on Sunday, February 16 and closed the week with a…

National Stock Exchange of Australia Plans DLT Platform to Compete with ASX

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Australia’s primary stock exchange could soon have a new blockchain-based rival. National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday that they are forming joint venture to offer a digital securities trading platform. Called ClearPay, the new entity will offer a platform will be based on distributed ledger technology (DLT) and provide same day, delivery versus payment (DVP) settlement. iSignthis will integrate its “know your customer’s customer” security and other solutions with the platform.  The firms said they intend for…

XRP Price May Face 25% Drop if Recent High Breaks Down — Peter Brandt

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XRP traders may be in for further losses as one trader warned that a bearish price feature was yet to complete its impact on the market. In a tweet on Feb. 20, Peter Brandt, well known as a trader of both cryptocurrency and traditional assets, said that a “head and shoulders” pattern in XRP/USD this month had the potential to send prices lower.  Brandt: “possibility” XRP goes to $0.20 XRP reached highs of almost $0.35 in recent days but subsequently fell conspicuously to press-time levels of close to $0.27. Brandt…