Day: August 17, 2020

‘I’ll Start Looking at’ Pardoning Edward Snowden

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Edward Snowden may be able to return to the United States if Donald Trump chooses to grant the whistleblower a presidential pardon. According to an Aug. 15 report from Reuters, Trump said he was “going to start looking at” a possible pardon for the whistleblower, who has been living in asylum in Russia since he left the U.S. in 2013. The comments came shortly after Trump told The Post “a lot of people” think that Snowden “is not being treated fairly.” In a Twitter response to Trump’s comments, Snowden said:…

Ex-Prudential Securities CEO Calls Bitcoin a ‘Safe Haven’

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George Ball, the former chief executive officer of Prudential Securities and now CEO of Sanders Morris Harris, suggested that bitcoin or other cryptocurrencies could be “a safe haven” for investors and traders as an alternative investment. Ball, who claimed himself as a Bitcoin and blockchain opponent, said in an interview with Reuters on August 14 that bitcoin or another cryptocurrency is “very attractive” both in the long term and short term and predicted that more people will turn to the crypto market after the Labor Day. “The government can’t stimulate…

Compound (COMP) Could Rally 25%+ as Analysts Eye Technical Strength

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Compound’s price has been caught within an intense consolidation phase throughout the past week, with COMP oscillating primarily between $190 and $220. The cryptocurrency has been struggling to garner any clear momentum, with the crypto’s intense upswing seen earlier this month starting to show some signs of faltering. Despite this, analysts remain confident that COMP is well-positioned to see further upside, with analysts noting that a break above $217 could be enough to spark an intense rally up towards its highs. This potential rally comes as the crypto’s technical outlook…

Former Prudential Financial CEO George Ball Says Now Time to Buy Bitcoin

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Former Prudential Financial CEO George Ball is advising wealthy investors to acquire bitcoin because it is the only asset that cannot be undermined by the government. Ball made the comments while discussing adjustments that investors need to make to their portfolios. Now CEO at Sander Morris Harris, Ball spoke in a video call where he also offered investment tips. Explaining current sources of investor concern, Ball says the global pandemic “COVID-19, which will be with us in the first quarter of next year” and the U.S. elections, are two issues…

Here’s Why $12,000 Is Bitcoin’s “Last Great Resistance”: Analyst

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Bitcoin has struggled immensely at the $12,000 resistance over the past two weeks. On at least four separate occasions over this time frame, the leading cryptocurrency has been cleanly rejected at $12,000. Often, the rejection took place at that level exactly, down to a few dollars. While some analysts don’t assign much importance to that price level, an analyst says that $12,000 is literally “the last great resistance.” If Bitcoin manages to break that level, analysts say that it will be set to move towards $13,000, $14,000, and beyond. Fortunately…

ETH Options Data Suggest $500 Ethereum Price is Closer Than It Seems

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Open interest on Ether (ETH) futures grew by 250% over the past three months to reach $1.7 billion. This incredible build up occurred as the cryptocurrency broke the $400 resistance to reach its highest levels in two years. ETH futures open interest in USD terms. Source: Skew Unfortunately, there is no way to ascertain whether futures contracts are mostly used for protection or are the result of increasing leveraged bets on Ether price reaching $500.  The only reliable information from such a market is the basis, which is the comparison…

The Pandemic is Prompting Asian Countries to Adopt Blockchain

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The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as  The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023. Tomohiro Maruyama, senior manager of PwC Consulting, told Nikkei that he believes the large-scale digital transformation caused by COVID-19 has led to blockchain’s use to protect against fraud. He called on other companies to adopt…