Day: July 27, 2020

HAS Stock Down 6% as Hasbro Heavily Misses Q2 Earnings Estimates

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Store closures, product shortages and lower retail inventory hampered Hasbro in Q2. After the company published a disappointing earnings report, HAS stock started falling. Hasbro Inc (NASDAQ: HAS) posted lower-than-expected Q2 earnings on Monday and said a third-quarter recovery could set up a ‘good’ holiday season for the toy industry later this year. The adjusted profits for the three months ending in June were 2 cents per share, pretty much worse than some analysts’ predictions of 23 cents per share. Group revenues, company added, fell 12.6% to $860.3 million, and…

Bitcoin Price Hits 10-Month Highs as BTC Aims at $10.5K Resistance

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Bitcoin (BTC) hit its highest in over ten months on July 27 as bulls took control and sent the largest cryptocurrency past $10,350. Market overview from Coin360. Data from Cointelegraph Markets and Coin360 confirmed BTC/USD reaching highs of $10,363 on some exchanges on Monday — its best performance since Sept. 9, 2019. Markets continued to capitalize on bullish sentiment as the trading week began, Bitcoin following safe-havens gold and silver to surprise traders and analysts alike. As Cointelegraph reported, a basket of factors is helping to fuel gains, which remain…

Odds of Bitcoin Hitting Record High in 2020 Are (Slightly) Up, Options Data Suggests

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The likelihood of bitcoin challenging record highs by the end of the year may have have increased with the cryptocurrency’s violation of major price resistance – but don’t raise your hopes too high just yet. Disclosure: The author holds no cryptocurrency at the time of writing. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Ripple Director of Product Unveils Payburner Platform Based on XRP

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Director of product at Ripple, Craig DeWitt, unveiled the beta version of a new P2P payments platform Payburner that utilizes XRP for processing payment. Payburner users can now make PayID payments. Through a series of tweets on his Twitter page, Director of product at Ripple Craig DeWitt announced the introduction of the beta version of the Payburner platform that will be a gateway to P2P payments based on XRP. Lots of interest in Request for Pay experience using the https://t.co/SdLqbac6ue browser plugin. Wanna try it out but don’t know anyone?…

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

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LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by more than 2,000 percent in 2020. But its rally is appearing to come to an end. After topping at near $0.384 earlier in July, the LEND/USD exchange rate corrected lower…

AMFEIX Investors Unable to Make Withdrawals Since May: Is It Scam?

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The AMFEIX wallet has been already listed by Scam-Alert.io as one of the “top 10 most successful active scammers”. AMFEIX raised more than $60 million from investors with the promise of high yields for them. The company which was registered by the UK Company House in Cardiff seems to have fallen out of favor with many investors who have not been able to make scheduled withdrawals from their AMFEIX accounts. A report filed by Cointelegraph states that an investor said there are many others who allege that the AMFEIX company…

Is Options Trading A Scam Or A Good Way To Earn Bitcoin?

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One of the most fast-developing instruments to earn Bitcoin is options trading. Although it grabs the attention of traders, some still consider it as an illegal way of making profits. Bitcoin could be one of the most brilliant inventions in the electronic payment field. But at its infancy stage, nobody would guess that it would become one of the most profitable assets in the world. But that’s what it is: despite the pandemic, Bitcoin remains the best performing asset with a YTD return of 30.23%. So naturally, brokers employ different…

Why Cardano (ADA) Founder Predicts Big Ecosystem Growth in 2021

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IOHK CEO Charles Hoskinson shared his prediction for the future of the Cardano ecosystem, in which he sees a project rivaling Ethereum in terms of the number of assets and dApps running on the platform. This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate — Charles Hoskinson (@IOHK_Charles) July 26,…

Maker’s Value Locked Breaches $1B Ceiling, but There’s a Caveat

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MakerDAO (MKR), the foundational protocol of decentralized finance on Ethereum, hit a new all-time high in the total value locked in its vaults. According to data from Defipulse, the value of the collateral locked in MakerDAO vaults is now slightly above $1 billion following a steep ascent that began on July 22. Source: Defipulse.com Most of that growth is due to the powerful price rally of Ether (ETH), which is still the most used collateral asset for minting Dai (DAI). Since July 22, the amount of ETH locked in Maker…

First Mover: Bitcoin at Last Passes $10K, But Why Has It Struggled While Gold Shone?

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Bitcoin has at last broken convincingly above the all-important $10,000 mark, but why has it struggled so much in recent months when gold has soared to an all-time high? Earlier this year, digital-asset investors were aflutter over the trillions of dollars of central-bank money injections in response to the coronavirus-induced global recession. The bet was that the flood of liquidity would eventually lead to inflation, in turn driving up prices for both gold, historically seen as a hedge against currency debasement, and bitcoin, sometimes referred to as “digital gold” or…