Day: August 27, 2020

At $2,500/Share, Tesla Just Found Its Biggest Wall Street Bull

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Jefferies has upgraded its 12-month target for Tesla to $2,500, only a couple of months after upgrading this target from $650 to $1,200. The upgrade indicates that Wall Street is increasingly warming to the carmaker, although opinion still remains very mixed. Under normal circumstances, the Tesla bubble should be expected to burst, but there are few attractive investment opportunities outside of high-growth stocks. Financial analysts Jefferies has more than doubled its price target for Tesla (NASDAQ:TSLA) to $2,500. It settled on its previous target of $1,200 as recently as June,…

Telegram supports protests in Belarus with new opposition flag emoji

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Major encrypted messaging app provider Telegram has expressed support for the mass protests in Belarus against sitting President Alexander Lukashenko. On Aug. 25, the Telegram app introduced a new animated emoji to replace the national flag of Belarus with the white-red-white flag. Opposed to the official red and green flag of Belarus, the white-red-white flag is used as a symbol of the opposition to Lukashenko’s regime. With the new feature, the emoji of Belarus’ national flag automatically turns to the animated opposition flag when a single symbol is typed in…

We Don’t Need The Witcher: Pokemon Go

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CD Projekt is releasing a Pokemon Go-style phone game, set in The Witcher universe. The game will have players explore the real world to hunt down monsters and complete quests. If there is one franchise that didn’t need the AR game treatment, it was The Witcher. Pokemon Go is immensely popular. That’s an understatement, for the global phenomenon. Such was its popularity that every brand, from Five Nights at Freddies to Harry Potter, was trying to copy it. Now CD Projekt had decided to jump on the bandwagon, a few…

CRM Stock Up Over 26%, Salesforce Shows Strong Revenue Results

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Salesforce (CRM) stock recorded a 26.04% increase yesterday to close the day trading at $272.32. The rise is highly attributed to the better than expected fiscal 2021 second-quarter results. American cloud-based software company Salesforce.com Inc (NYSE: CRM) stock surged to a record high yesterday to close the day trading at $272.32. Having added around $56.27 during the day, the company recorded its best one-day performance ever. Notably, the shares reached their all-time high at around $277.97 during the day. The rise is largely attributed to the better than expected fiscal…

Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million

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The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin miners from the deal, which will give the business a total of 5,364 Miners and an added 208 petahash per second (PH/s). A few of the top publicly listed mining companies have been making significant moves in the U.S. in order to become the country’s largest bitcoin mining…

OSOM Finance: Accumulate Bitcoin Using Tried and Tested Crypto Autopilot Trading Bot 

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Increasingly, the world is getting more automated. Tedious and repetitive work is being delegated to specialized bots for efficiency. This saves time so that traders and investors can dedicate their precious minutes to other income-generating courses.  OSOM Finance is literally putting crypto trading on Autopilot.  What is OSOM Finance? OSOM Finance is registered in Estonia, compliant with the Estonian Financial Intelligence Unit rules with offices dotted across Europe. Founded in 2017 by Polybius, an Estonian and Belgian fintech firm, the team is experienced and employs the best-in-class trading technologies to…

Textbook Signal Is Predicting a Stunning Reversal For Ethereum & Altcoins

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Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at $440, the asset has slid to $385 as of this article’s writing. ETH’s retracement comes as Bitcoin has also dropped, seemingly in response to some weakness in the price of gold and some strength in the U.S. dollar. The leading altcoin remains in a downtrend, with lower highs and lower lows formed in succession. A key signal, though, is predicting a reversal in the price of Ethereum, along with the prices of…

Fidelity Unveils Institutional-Grade Bitcoin Fund

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Wall Street giant Fidelity Investments is all set to launch its first Bitcoin (BTC) fund. Riding the Bitcoin Bull Amid the overall bullish momentum of the cryptocurrency market, Boston-based asset manager Fidelity Investments has filed for a Bitcoin fund with the US Securities and Exchange Commission (SEC). In a filing with the SEC, Fidelity stated that it will begin to offer the Wise Origin Bitcoin Index Fund I through its digital asset-focused offshoot called Fidelity Digital Funds. According to the filing, Peter Jubber, head of Fidelity Consulting, will run the…

DJ PLS&TY to sell latest vinyl record on Ethereum platform

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Tommy Leas, professionally known as DJ PLS&TY in the electronic dance music industry, has launched the vinyl record of his “Very Special” EP record on the Ethereum-based art and culture exchange platform, Foundation. Foundation allows artists to sell limited-edition art, and it prices their work based on the demand it creates over time.  The EP was originally released in April and the artist is now targeting crypto and blockchain enthusiasts, with a starting price of $50. With each record sold, the price of the vinyl is expected to increase due…