Day: December 5, 2020

The WWE Has Come A Long Way — But It Still Has A Long Way To Go

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This is an opinion. The WWE is currently mourning the death of Pat Patterson, a wrestling legend. In addition to being the first-ever Intercontinental Champion, Patterson created the Royal Rumble. Patterson was also the company’s first openly gay wrestler — and he helped change the company culture. Another WWE legend has died. Pat Patterson, the first-ever Intercontinental Champion, died on December 2, 2020, of cancer in Miami, Florida, at the age of 79. Once called Vince McMahon’s “right-hand man,” and the architect of many of the things we see today…

Ethereum ETF to debut on the Toronto Stock Exchange

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Next week, Canadian digital asset investment manager 3iQ will be launching an IPO for the world’s first Ethereum ETF, The Ether Fund, on the Toronto Stock Exchange (TSX) under the ticker QETH.U. The maximum offering for the launch is $100 million, and the closing date of the offering will be no later than December 10, 2020. 3iQ counts more than $400 million CAD under management, and maintains a focus on Bitcoin, Litecoin, and Ethereum.  In a press release on Thursday, 3iQ noted that this listing comes with a patriotic backstory.…

Will the Flare Network airdrop trigger a rally to $1.00?

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As Bitcoin (BTC) has been in the spotlight in recent months, the altcoin XRP (XRP) has been doing reasonably well in its own right. Bitcoin’s rally has been associated with institutions and Wall Street jumping on this new asset class and digital store of value. Meanwhile, XRP has broken out of a multi-year downtrend to regain momentum as well. However, XRP price has not been able to break the $1 barrier yet despite the Flare Network airdrop now just around the corner scheduled for Dec. 12. Is this recent move…

India Plans to Tax Income From Bitcoin Investments: Report

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India-based investors may soon have to pay taxes on returns earned from bitcoin investments. The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter said, according to The Economic Times (ET), a business-focused daily newspaper.  The tax department collected information about bitcoin trades executed through banking channels before the Reserve Bank of India’s (the country’s central bank) crypto ban took effect in April 2018. The Supreme Court overturned the ban in…

Ripple XRP Crypto News: The Great Reset & A Shift to a New Paradigm

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Kelly Clarkson Divorce Proves Men Can Be Gold-Diggers Too

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This is an opinion. Kelly Clarkson is currently in the middle of a divorce from her soon-to-be ex-husband, Brandon Blackstock. Blackstock is seeking more than $400,000/month in spousal support. Aside from the improbability of being able to spend $400,000 a month, this is proof that men, too, can be gold-diggers. Kelly Clarkson married a gold digger. There’s really no other way to put it. As her fans know, she’s in the middle of a divorce from Brandon Blackstock, her husband of nearly seven years. Yesterday, Blackstock — who also served…

$50K BTC? Bloomberg Joins the Onslaught Driving Bitcoin’s Rally

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A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset. On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is: Being driven by institutional investors Shifting the center of the industry from East Asia to North America  Winning converts from major research houses and institutions  Driving the price of bitcoin to new all-time highs This week on The Breakdown: Original

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Bitcoin’s Price is Ahead of Fundamentals by 6 – 9 Months – BTC Analyst

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Quick take: Timothy Peterson has pointed out that Bitcoin’s price is ahead of its fundamentals by 6 – 9 months However, this is not a big concern as it sometimes happens with technology in the limelight Bitcoin has a high chance of breaking $20k. After this level, fundamentals will not matter  $24k is possible by the end of 2021 based on Bitcoin adoption $36k is also possible with $50k still being okay Crypto and Bitcoin analyst Timothy Peterson, has pointed out that Bitcoin’s current price is ahead of its fundamentals…

Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios

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The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar is showing signs of a possible recovery. Others, however, expect the crucial $18,500 support level to hold, which would likely set up BTC to retest the key $20,000 level and a new all-time high in…