Day: September 8, 2020

Bitcoin Just Surged $300 in Two Minutes, Liquidating Millions

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Wow. In the span of two minutes, Bitcoin (BTC) spiked $300 from the $9,920 to slightly above $10,200. The leading cryptocurrency proceeded to drop by $200 in the five minutes that followed this rally. Chart of BTC’s price action over the past few hours from TradingView.com According to Skew.com, a crypto derivatives tracker, more than $3 million worth of BTC positions on BitMEX were liquidated during this move. Most of the liquidations were sell-side liquidations, suggesting that many traders were short. At current, most Bitcoin and Ethereum futures markets are…

Is ‘The Kissing Booth’ Star Jacob Elordi the Next Hollywood Playboy? 

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Jacob Elordi is breaking hearts all over Hollywood as he becomes the next Hollywood playboy. After splitting from actress Joey King, Elordi hasn’t been able to maintain a long-term relationship. A recent date with Cindy Crawford’s daughter has sparked rumors that Elordi and Zendaya have split. Since his breakout role in “The Kissing Booth,” actor Jacob Elordi has been linked to numerous celebs, including Joey King, Cari Flowers, Zendaya, Kaia Gerber, and Tommy Dorfman. In just two short years, his status has gone from Hollywood heartthrob to Hollywood playboy, giving…

What do you need to know about the trending white label cryptocurrency exchange software?

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While Blockchain is stated as probably the most ground-breaking technology that has witnessed massive adoption and advancement in the last decade, blockchain-based cryptocurrency exchanges are not far behind. Today, there are a multitude of cryptocurrency exchanges prevailing in the market, and the demand for more is incessant.  Exchanges are currently the talk of the town, and many entrepreneurs have turned millionaires by launching their own cryptocurrency exchange. This has evoked everyone’s interest in getting their hands on the business.  In today’s fast-paced world, and with the highly competitive crypto exchange atmosphere,…

DeAndre Hopkins’ Historic Contract Proves Bill O’Brien Was Right

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Bill O’Brien made the right choice to trade DeAndre Hopkins. Hopkins’ contract extension with the Arizona Cardinals would have been too rich for the Houston Texans. O’Brien wisely paid QB DeShaun Watson instead. Bill O’Brien was right about DeAndre Hopkins, after all. O’Brien traded the elite wide receiver to the Arizona Cardinals for David Johnson and a few draft choices earlier this year. Critics savaged the decision, but O’Brien was worried the Houston Texans couldn’t afford to keep Hopkins, quarterback DeShaun Watson and left tackle Laremy Tunsil, according to NFL.com.…

Crypto Investors Have Ignored Three Straight 51% Attacks on ETC

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Despite three “51% attacks” in a month, Ethereum Classic’s price has demonstrated strong resilience. Though down a bit for the past month, its persistence may indicate that security is not a top priority for investors rushing to join a bull run in the crypto market. However, some warn that unless it improves its blockchain and makes it safer, additional attacks on Ethereum Classic could trigger a market sell-off and lead to a collapse of its digital asset. For a blockchain network’s security, a “51% attack” is pretty much as bad…

Dave Portnoy shrugs off $700K stock loss, weeks after crying over $25k Bitcoin dump

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Dave Portnoy, Barstool Sports’ founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of “strong hands.” “To steal a line from my crypto friends — you can’t have weak hands,” Portnoy said in a Sept. 8 Twitter video. “If you have weak hands, this game is not for you.”  Weak hands refers to someone selling their trading or investing position out of fear after (or during) a price decline. Stocks have suffered declining prices recently, including today, on which Portnoy boasted of his hand strength.  “Do…

Interest in Colin Kaepernick Was ‘Fake’

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New reports state that league interest in Colin Kaepernick was fake. At the same time, the quarterback is making waves for his inclusion in Madden 21–and his curiously high rating. Colin Kaepernick is an incredibly influential activist in the outcry against police brutality, but that does not make him a good quarterback. Colin Kaepernick is back. At least in digital form. The former San Francisco quarterback will be included in Madden 21, and his rating will be higher than some of his counterparts with starting jobs in the NFL. While…

Chainlink is “Replicating” Its Previous Bullish Cycle, But It May Still Plunge Lower

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Chainlink, like many major altcoins, has witnessed incredibly mixed price action in recent weeks. The cryptocurrency’s general trend has been largely dependent on that of Bitcoin, as the benchmark digital asset has been firmly guiding the entire market throughout the past few days and weeks. This has mostly exposed altcoins to bearish momentum, as BTC has been flirting with posting a major breakdown as it trades around $10,000. This level has been ardently defended on multiple occasions throughout the past couple of days, with each dip below it resulting in…

Market Wrap: Bitcoin Hangs Around $10K; Locked DeFi Value Drops

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Bitcoin is stuck around $10,000 with little price action while some ether holders have pulled out of the DeFi ecosystem. Bitcoin (BTC) trading around $10,014 as of 20:00 UTC (4 p.m. ET). Slipping 1.1% over the previous 24 hours. Bitcoin’s 24-hour range: $9,920-$10,439 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 5.Source: TradingView Scant action in the bitcoin market over the weekend was a welcome respite from the downward trend since the start of September, when prices hit…

LedgerX exchange launches physically settled Bitcoin mini futures

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LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC. XBT/USD daily chart. Source: TradingView.com How physical delivery may impact Bitcoin price? When Bakkt first launched with the backing of its NYSE parent company ICE, it received significant hype. Most of the interest around the platform surrounded its physical delivery of BTC, meaning, if institutions desired, they could actually hold BTC via…