Day: September 18, 2020

UBS Gold Price Prediction Buoys Mid-Term Bitcoin Bull Case

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UBS, a top-two investment bank in Switzerland after Credit Suisse, has a bullish outlook on gold. In the medium term, the improving sentiment around the precious metal could buoy the bull case of Bitcoin (BTC). Many high-net-worth investors within the cryptocurrency space describe Bitcoin as gold 2.0. Billionaire investors the Winklevoss twins have consistently said they believe BTC is a better store of value than gold. The monthly chart of Bitcoin dating back to 2015. Source: XBTUSD on TradingView.com According to the data from Skew, the correlation between BTC and…

ByteDance to Go Public after Trump Approves TikTok Deal with Oracle

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With the duo of ByteDance and Oracle reportedly in tune with the deal, all hopes are now cast on the vocal President to help seal the agreement. ByteDance, the embattled parent company of sensational social video app TikTok is reportedly set to go public if President Donald Trump approves its deal with the Oracle Corporation (NYSE: ORCL). According to sources who spoke to CNBC, the president is expected to make his ruling on the deal in the next 24 hours as he is currently in an active consultation with his…

Spain on Verge of Getting MegaBank

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Caixabank and Bankia will form a megabank to become the leading bank in Spain. The details of the deal include the approval of Caixabank shares to Bankia shares at an exchange rate of 0.6845 Caixabank and Bankia are on the brink of forming a megabank to become the leading bank in Spain following the approval of the merger plan by the board of directors of both entities. According to the report, the Caixabank brand will be maintained, and the new entity will seek to add value to customers, play a…

KuCoin Has Just Announced a New Project Listed, and It’s One of Our Favorites!

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Scheduled as the next phase of the SaTT progress, the token would be listed on several top tier exchanges namely Kucoin and Uniswap the 24th September, opening it up to a big audience of users, traders and investors, giving the project the exposure it deserves. The success of SaTT token sales and future listing isn’t a short term attempt at fundraising and instant success, in fact, it’s been 2 years of continuous work to achieve set targets. What started in 2018 is experiencing incredible success, in a market that has…

Bitcoin whale clusters show $9.8K support is now weaker despite rally

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According to data from Whalemap, an on-chain analysis firm that tracks Bitcoin (BTC) whales, the $9,800 support has weakened. The researchers at Whalemap track whale activities by following addresses owned by whales — individual investors that own large sums of BTC. They explained: “Some HODLer activity yesterday. Bubbles show where these HODLer coins were coming from. The biggest bubbles come from the pre-corona area at 9800. To me this means our support at 9800 just got a little weaker.” Several whale clusters at $9,800 have become larger in the past…

Richard Branson to Raise $460 Million for New Blank Check Company

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Billionaire Richard Branson is going to join the line of investors who have raised millions for blank check companies. Billionaire and investor Richard Branson is planning to raise $460 million for a new blank check company. The English billionaire hopes to use the raised funds to create a new special purpose acquisition company (SPAC). Called VG Acquisition, the company will sell 46 million units of shares and warrants on the New York Stock Exchange (NYSE). Richard Branson and New Blank Check Company Over the past few years, individuals and entities…

Harvey Weinstein Gets Royal Honor Stripped, I Hope Prince Andrew Is Next

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Harvey Weinstein has finally been stripped of his royal title. Queen Elizabeth has officially decreed that the disgraced Hollywood producer has been stripped of his honorary Commander of the Civil Division (CBE), which he initially received in 2004. We can only hope that Prince Andrew is next to have his royal titles stripped. Harvey Weinstein no longer has a royal title. In an official announcement, Queen Elizabeth officially decreed that the disgraced Hollywood producer — along with eight other men — are to have their royal titles stripped. We can…

Data protection guidance for collecting customer information

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The Information Commissioner’s Office (ICO) has published data protection guidance for organisations mandated to collect customer and visitor information. From today, the UK Government has made it mandatory for all businesses in the hospitality sector, leisure and tourism sector and close contact businesses, such as barbers and beauticians, in England to collect customer information for the test and trace programme. The Scottish and Welsh governments have also mandated certain organisations to ask for customer and visitor information. This does not need to be complicated. The ICO is advising organisations across…

First Mover: Uniswap’s Sudden $5B Token Valuation Cements Comeback from `Vampire Mining’ Attack

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Earlier this week, analysts with the cryptocurrency analysis firm Arcane Research were musing that new developments appeared to have slowed in the fast-growing blockchain arena of decentralized finance, known as DeFi. But they predicted that any lull was likely to be temporary. “A new boost for DeFi tokens could be right around the corner,” Arcane wrote Tuesday in a report. “The sector seems determined to grow further.” As if on cue, the decentralized exchange Uniswap late Wednesday made a surprise delivery of its new governance tokens to anyone who had ever used the project. Traders…

TSLA Stock Rises 4%, Tesla Clinches Victory in Ex-Employee Lawsuit

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The news about the victory in the lawsuit filed 2 years ago has pushed the price of Tesla (TSLA) stock higher. Electric automaker Tesla Inc (NASDAQ: TSLA) has clinched victory in the lawsuit filed in 2018 against its former employee Martin Tripp. As reported by Reuters, Martin was fired for hacking and transferring company data to third parties, according to court documents filed on Thursday. Meanwhile, after the news, today in the pre-market, TSLA stock is 4.60% up, trading at $442.89. Martin Tripp, a Tesla (TSLA) employee at the company’s…