Day: September 1, 2020

Kodak Stock Jumps 50%, But Don’t Expect Rally to Last

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Kodak rose by as much as 50% in pre-market trading after the company revealed that a prominent hedge fund had acquired a 5.2% stake. The company had been awarded a government loan of $765 million to produce drugs, but this loan is on hold amid accusations of insider trading. If any probe or lawsuit concludes that insider trading had occurred, Kodak’s strong rally this year will come to a bitter end. Kodak (NYSE:KODK) stock has jumped by 50% in pre-market trading after the company revealed that hedge fund D.E. Shaw…

3 Reasons U.S. Dollar Woes Will Worsen, Fueling Next Gold Uptrend

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The U.S. dollar index has declined to 92 points, as the greenback struggles to outperform other reserve currencies. The price of spot gold is benefiting from the fading dollar, rising to as high as $1,992 during the week’s peak. Some investment firms are not changing their pessimistic stance on the dollar, predicting a further decline. The U.S. dollar index (DXY) has dropped more than 6% since June 30. Some strategists anticipate the dollar to experience a massive pullback against the euro in 2021. For gold investors, that is good news.…

Huobi Futures Launches Bitcoin Options Today

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The new feature by Huobi comes at a time when Bitcoin is experiencing a heightened system activity that is anticipated to trigger a bigger bull run than the previous one. Through a press release published on August 31, Huobi Futures announced that it would launch Bitcoin (BTC) options for trading on Tuesday, 10:00 UTC. According to the company, the new product launch follows the successful roll-out of Huobi Futures’ Perpetual Swaps that took place earlier this year, whereby it aims to give traders more ways to create arbitrage and hedge…

Another Electrum user is claiming that their coins were stolen

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Details of a previous Electrum wallet hack surfaced following the massive 1,400 Bitcoin (BTC) theft that hit headlines a few days ago.  “I had a similar situation 2 months ago,” a Github user named Cryptbtcaly posted on the social media platform on Aug. 31. The user claimed someone pilfered 36.5 BTC from one of their wallet addresses. The BTC reportedly ended up spread across five different addresses.  “Some of the stolen Bitcoin went to Binance, but they ignore my appeals and do not return,” cryptbtcaly added. Details of a larger hack…

Binance launches Ethereum-compatible blockchain to pursue DeFi

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After teasing the upcoming blockchain in April, Binance has launched the mainnet of its Smart Chain — a smart contract-enabled blockchain running in parallel to Binance Chain. Binance Smart Chain comes with an Ethereum Virtual Machine-compatible environment, which allows Solidity developers to move into the new chain with almost no friction. The new blockchain will be interoperable with Binance Chain, which will remain live for the foreseeable future. The Binance DEX will likewise remain in its old home. Binance promises that the blockchain will have cheap transaction fees “as low…

Bitcoin Emerges as a Safe Hedge in Argentina Amidst Inflation Fears

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Argentina citizens voted Bitcoin was the safest way to invest and save money during a time of crisis, according to the results of a survey released by crypto firm Paxful this week. Crypto the “Safest” during Crisis The survey found out that of 1,113 Argentineans, over 75% said they would choose Bitcoin and other cryptocurrencies in a time of crisis. Meanwhile, over 68% of all test-takers said crypto was the “safest” financial tool to park money. The country is currently undergoing one of its worse economic times in recent years,…

4 Altcoins to look out for in OKExchange

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An altseason is when a number of altcoins rise above both bitcoin and dollar at the same time. various research and analysis have revealed that the crypto space will experience another inevitable altseason similar to of 2017, even as BTC is and was also rising in price and with BTC having the highest dominance rate in the market but a number of coins have outrun BTC. However, going by the various research and analysis, there are numbers of coin which one have to write about. But article will only focus…

Dow Tumbles as Worst Month for U.S. Stock Market Begins

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The Dow Jones Industrial Average opened lower on Tuesday. September is the worst month for U.S. equities. The CBOE VIX suggests volatility is expected. Interest-rate suppression and the possibility of higher inflation dragged the U.S. dollar back to multi-year lows. The Dow continued to lag the broader U.S. stock market Tuesday morning after a realignment in its tech weightings knocked Apple Inc. (NASDAQ:AAPL) to 17th spot on the blue-chip index. Dow Falls, Nasdaq Gains Wall Street’s major indexes diverged at the open, with the Dow Jones Industrial Average falling 93…

Mariah Carey is a Diva

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Mariah Carey went on “The Ellen DeGeneres Show” while she was pregnant. DeGeneres tried to “expose” Carey’s pregnancy on the show — a pregnancy she later lost due to a miscarriage. No matter how “extra” you think Mariah Carey is, Ellen’s treatment of her is indefensible. Mariah Carey is a diva. This is a fact that she relishes in — and is a huge part of the persona that made her a success. But that didn’t give Ellen DeGeneres the right to mistreat her. In 2008, Carey went on DeGeneres’…

Revolut Adds Bitcoin Cash and Litecoin Support for US Customers

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Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets. Six weeks ago, Revolut launched a new exchange in the United States and initially, the platform supported bitcoin (BTC) and ethereum (ETH). Today Revolut has added bitcoin cash (BCH) and litecoin (LTC) support to the exchange’s roster of listed crypto assets. Revolut says the trading…