Day: August 19, 2020

Ripple Outpaced Other Blockchain Companies on Inc’s List of Fastest-Growing US Companies

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Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States. Inc, one of America’s leading business magazines ranked Ripple in the 123rd Position.  The business magazine revealed that Ripple has recorded a significant milestone in the past three years spanning 2016 -2019 with about 3,039% growth, and a median growth of 165% within the same period.   The United States of America is replete with notable blockchain companies including Kraken, Bakkt, and Coinbase which makes the Ripple ranking applaudable.…

Why An Analyst Thinks Litecoin Is “One of the Better Bearish Plays”

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After a multi-year bear market, Litecoin (LTC) has finally begun to move higher over recent days. The asset has gained around 20% since the lows of last week at approximately $55. While there are many arguing that LTC has momentum, one analyst says that Litecoin is one of the “better bearish plays” in the crypto market right now. This same analyst has also expressed a bearish opinion about Bitcoin, arguing that the asset could retrace to the $8,000s in the months ahead. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum…

Walmart CEO Gives Hint about Walmart+, WMT Stock Down 0.66%

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Walmart CEO shared new details about the Walmart+ membership program. WMT stock lost 0.66% on Tuesday. Walmart Inc (NYSE: WMT) Chief Executive Officer CEO has given investors a hint about the long-awaited Walmart+ membership program. Initially billed to launch back in July, the proposed loyalty-based program has stalled without a definitive date in view. Meanwhile, WMT stock closed with a 0.66% fall yesterday, at $134.71. Today in the pre-market, it is 0.0074% up. CEO Doug McMillon acknowledges that there has been a ‘lot of buzz’ surrounding Walmart+ and noted that the…

AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

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The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations (HSI) probe. According to an announcement from the U.S. Department of Justice, four of the five alleged operators of AirBit Club, which allegedly netted tens of millions of dollars from victims, were arrested and due to appear in court on Aug. 18, while the fifth was arrested in Panama and is awaiting extradition to the U.S. The scheme was launched in late 2015 and sold as a…

98% of All Bitcoin Is Now Worth More Than When You Bought It

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Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms.  According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days. BTC profitability “characteristic of bull runs” Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit. This means that only 2.4% of UTXOs were created — as part of a transaction…

S&P 500 Hits New Record High, Recovers All Coronavirus Losses

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Wall Street’s most-followed index S&P 500 continues its fourth straight week of rally hitting new record highs on Tuesday. While the stock market surges, analysts remain divided over signs of economic improvement. In one of the fastest recoveries of the stock markets, the S&P 500 index hit its new record high on Tuesday, August 18. On Tuesday, the index closed 0.23% up at 3389.78 levels. This has been one of the fastest recoveries ever in the index’s history after it crashed more than 30% during March 2020 on the outbreak…

Ripple (XRP) Price Won’t Go Down Quietly: Crucial Uptrend Support Intact

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Ripple is down over 8% from the $0.3250 resistance zone against the US Dollar. XRP price is now approaching a major uptrend support near the $0.2880 and $0.2850 levels. Ripple is declining and it broke the $0.3000 support zone against the US dollar. The price is currently approaching a crucial support near the $0.2850 level. There is a significant bullish trend line with support near $0.2880 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to bounce back as long as it is…

Bitcoin Casino LuckyBit Continues to Grow with Unique Games, Bonuses and Affiliate Programme

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Place/Date: Curacao – August 19th, 2020 at 5:57 am UTC · 4 min read Contact: Martin Prinosil, Source: LuckyBit Online casinos which support bitcoin as a payment method are a dime a dozen, but there are some that stand out from the crowd; Pioneering casino Luckybit is one such site. Launched in 2013, the fully licensed Bitcoin Casino is more than just a site to place a few bets, it is a bitcoin community, with a dedicated following and legendary 15BTC top prize. Originally launched as a niche betting site…

Ethereum Nosedives 5%, But Here’s Why $400 Could Save The Day

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Ethereum failed to clear the $445 resistance and declined below $420 against the US Dollar. ETH price is now approaching a major support zone near the $400 handle. Ethereum is down over 5% and it broke the $425 and $420 support levels. The price even settled below the $420 level and the 100 hourly simple moving average. There is a new bearish trend line forming with resistance near $420 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near…

Turkey Residents Panicking Over Massive Inflation

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Rampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and buying gold.  Even with market interventions and reassuring stories about monetary stability coming from the government, local’s faith in the lira is on a downwards trajectory. Inflation is currently at 11.8% and has overtaken the amount of interest offered for savings at banks. One resident was quoted as saying he bought gold as a safe haven asset: “I think it…