Day: August 25, 2020

Buy Crypto: Search Term Spikes To Highest Point Since Bitcoin Bubble

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Google Trends can be a helpful tool to watch to spot sudden changes in crypto market sentiment. For example, searches for Bitcoin peaked back in 2017 when the asset ballooned to $20,000 before the bubble popped. Nearly three full years later, search queries for the term “buy crypto” has reached the highest level since the Bitcoin bubble and resulting burst in 2018. Altcoins Outperform Bitcoin, Total Cryptocurrency Market Comparative Data Shows The total cryptocurrency market cap is up 80% year to date. Bitcoin, however, is only up just over 50%…

Amgen, Salesforce and Honeywell to Join Dow Jones in Major Shakedown

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The shares of Salesforce.com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed. The implementation will become effective before the start of trading on August 31. The shares of Amgen Inc (NASDAQ: AMGN), Salesforce.com Inc (NYSE: CRM), and Honeywell International Inc (NYSE: HON) will become part of the Dow Jones Industrial Average in a major shakedown that has stirred the ejection of three other firms. The new additions will become effective before the market opens on Monday, August 31.…

This Is Why the Dow Snapped a 3-Day Winning Streak Today

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The Dow Jones fell on Tuesday, even as the wider stock market rallied. Consumer confidence missed expectations by a significant margin, though the U.S. housing market remains strong. Exxon Mobil, Pfizer, and Raytheon Technologies are all being booted out of the Dow. The Dow Jones tumbled on Tuesday after U.S. consumer confidence plunged to its lowest level since the start of the pandemic. Dow Jones Slips After Big Consumer Sentiment Miss After a volatile session, the Dow bounced off its lows in later afternoon trading. By 3:32 pm ET, the…

Blank-Check Company Backed by Paul Ryan Files for $300 Million IPO

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Paul Ryan will become the chairman of ENPC’s board after its IPO. The company is going to raise $300 million at the offering. A blank-check company backed by former Speaker of the U.S. House of Representatives, Paul Ryan, filed for an initial Public Offering (IPO). In the filing with the U.S. Securities and Exchange Commission (SEC), Executive Network Partnering Corporation (ENPC) plans to raise $300 million when it goes public. According to the 24th of August filing, ENPC hopes to sell 12 million CAPS at a proposed maximum offering price…

Waterloo residents have lost $430K to crypto scams this year

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Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in July alone.  As previously reported, fraudsters have been impersonating government officials, asking victims to deposit money in various Bitcoin (BTC) ATMs under the threat of legal ramifications.  Scammers told one resident that more than 25 bank accounts had been opened under his name, and then…

Riot Blockchain Buys 8,000 of Bitmain’s Latest Bitcoin Miners, Company Targets 1.5 EH/s by 2021

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Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight months starting January 2021. “We are glad to continue and expand our cooperation with Riot. Riot is a long-term friend of ours, and we have witnessed and assisted them in building up a powerful mining operation in North America,” said Irene…

Ethereum Plunges 10%, Bearish Signal Confirms With Close Below $390

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Ethereum has been one of the best-performing assets in 2020, bar none. It beat Bitcoin, gold, stocks, and other assets in the best return on investment, had the $1,200 stimulus check be entirely invested in assets. But after today’s 10% intraday drop, the top-ranked altcoin is at risk of closing the daily with a bearish engulfing candle. If the bearish candlestick formation confirms, a short-term downtrend may follow. Ethereum Crashes 10% Intraday, Risk Of Bearish Engulfing If Daily Closes Below $390 Ethereum’s nearly 250% year-to-date rally may be finally ending,…

Jerome Powell’s ‘Historic’ Speech Might Not Revive Gold’s Vertical Rally

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Federal Reserve Chairman Jerome Powell will speak about inflation on Thursday, strategists predict. Higher inflation rates could lead gold prices higher, but the markets are not expecting significant changes. Analysts suggest unless the Fed significantly alters its policies, the precious metal might remain stagnant. On August 27, Federal Reserve Chairman Jerome Powell will speak about “average inflation” during a virtual conference. Strategists anticipate the Fed will allow inflation to rise higher than usual, which should theoretically catalyze gold. Gold pulls back from its all-time high. | Source: TradingView.com After achieving…

John McAfee Clarifies He Is Still Part of Ghost’s Ecosystem

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Several days ago, technology pioneer and crypto advocate John McAfee departed his own privacy-focused asset, Ghost. He has since clarified, however, that he did not leave the endeavor entirely. “I have not abandoned the Ghost privacy ecosystem, only the GHOST privacy coin,” McAfee told Cointelegraph in an email following his exit. “The ecosystem is centered on our Ghost cell phone service,” he explained, noting that the service will continue.  McAfee seemingly left the endeavor in a huff on Aug. 19, stating “I am abandoning the the Ghost project” His tweet…

I Love You, Jennifer Garner

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Jennifer Garner finished watching “The Office.” She posted a video of herself crying like a baby when her binge-session ended. Of all the shows on television, “The Office” is probably the least deserving of Garner’s tears. You know something? I like Jennifer Garner. Ever since she divorced Ben Affleck, she’s led a quiet, normal life filled with children, delicious recipes, and Capital One credit card commercials. We have no choice but to stan an unproblematic queen – but sadly, no one is perfect. I can’t help but ask her to…