Day: May 26, 2020

JP MORGAN Capitulates & Supports Coinbase & Gemini Crypto Exchanges – Secret $140M Bitcoin Fund

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io JPMorgan Bank Takes on Coinbase, Gemini as Its First Crypto Exchange Customers 🚀 Get the Ledger Nano X to Safely store your Crypto – 🔥 Become a Channel Member – 💥 Download Brave Browser to Earn Free Basic Attention Tokens – ⚡️ Earn Free Bitcoin while shopping – 🚀 Sign up for Binance US to purchase Crypto – 🔥 Get $25 off your Coinmine One purchase – 🔥 Follow on Twitter – 🔥 Follow on Facebook – 🔥 Website – ================================================= Must…

Stock Market Bulls Aren’t Going to Like JPMorgan’s Latest Warning

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The Dow, S&P 500, and Nasdaq are coming off one of their best weeks of 2020. JPMorgan says the rally won’t last heading into summer. Equity markets typically underperform during the summer, a phenomenon known as ‘selling in May and walking away.’ The Dow and broader U.S. stock market began their post-Memorial Day trading on a high, as investors rallied behind tentative signs that the economy is creeping back to life. But analysts at JPMorgan are cautioning investors not to ‘overstay their welcome’ because equities are about to sputter again.…

Ethereum Investors Appear to FOMO as Speculation Mounts Around ETH 2.0

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The upcoming launch of Ethereum 2.0 has investors and market participants alike speculating whether Ether is preparing for a moonshot. After the most recent correction that saw prices plummet to $191, many have claimed that the smart contracts giant hit market bottom. Santiment, a behavior analytics platform, noticed that some Reddit users are becoming overwhelmingly bullish, and FOMO seems to be building up. The firm was able to collect some of the most popular comments on the social network, which include: “Y’all got anymore of that $200 ETH? My funds…

The U.S. Stock Market Is Getting Ahead of Itself – This Graph Proves It

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Investors should be cautious in weighing up the risk and reward of piling into the stock market. The economy can’t support such an irrational market much longer. Analysts worry investors have become too optimistic. This chart, which depicts the stages of a bubble, has become well-known among those investing in the U.S. stock market. This graph shows the typical trajectory of every bubble in history. | Source: Business Insider It explains the psychology behind market bubbles and has played out several times in history. Its image can be seen during…

The Only Thing Eminem’s Cell Phone Stunt Did Was Empower Dangerous Stans

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Eminem gave out his “phone number” on Twitter. He’s using an app called Community to do so. Even though it’s clearly a marketing tool, he’s still empowering his deluded stans. Eminem once rapped about stans. Now, he wants to hear from them. The real Slim Shady took to Twitter to announce that he’s sharing his number with his fans. If you text him, he claims, he will text you back. Even though this is clearly just another marketing tool, the rapper empowered a whole bunch of deluded celebrity fans who…

Blockchain Bites: Facebook’s Calibra Facelift and Tencent’s ‘New Infrastructure’ Investments

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We’re happy to be back after a recharging long weekend. Let’s get to the news. India’s central bank has clarified its crypto stance, Tencent is looking to invest in “emerging technologies” including blockchain and Facebook’s digital wallet subsidiary announced a rebranding and new details. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here.  Top Shelf Libra’s New FaceA statement announcing the rebranding of Facebook subsidiary Calibra to Novi also reveals…

Blockchain Bites: Facebook’s Calibra Facelift and Tencent’s ‘New Infrastructure’ Investments

boss

We’re happy to be back after a recharging long weekend. Let’s get to the news. India’s central bank has clarified its crypto stance, Tencent is looking to invest in “emerging technologies” including blockchain and Facebook’s digital wallet subsidiary announced a rebranding and new details. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top Shelf Libra’s New FaceA statement announcing the rebranding of Facebook subsidiary Calibra to Novi also reveals…

Calibra Rebrands as Novi to Avoid Confusion With Libra

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Facebook-owned digital wallet Calibra rebranded itself as Novi earlier today, sharing new details about the project. The primary reason for the name change was to avoid the confusion with the Libra cryptocurrency, a representative for Novi told Cointelegraph. “When we announced Libra and Calibra last June, we wanted to demonstrate that Calibra, the digital wallet, was closely linked to Libra, the global payment system. Both brands were born out of the same vision, to give people more access to the global economy. However, we’ve found that Calibra and Libra sounded…

The Bitcoin Pizza Day Numbers Are Actually Worse Than You Thought

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Laszlo Hanyecz has cemented himself in the crypto community as the “Bitcoin pizza guy” for spending 10,000 BTC in 2010 to purchase two pizzas, widely acknowledged as the first commercial Bitcoin transaction. At today’s prices, that 10,000 BTC would be worth well over $80 million. Cointelegraph spoke to Hanyecz on the occasion of the tenth anniversary of Bitcoin Pizza Day. We learned that $80 million dollars is nothing — he actually spent a lot more on pizza than had been previously reported. Hanyecz estimates that he mined around 100,000 BTC…