Day: December 21, 2020

Zoom Set to Surge in Price Pending the Expected S&P 500 Listing in 2021

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Its daily peak users surged significantly with a report showing an unprecedented growth from 10 million users in December 2019 to 100 million users in April 2020. Zoom Video Communications Inc (NASDAQ: ZM), a video conferencing company is set to make waves with its stocks in the coming year following its upcoming listing on S&P 500. The company has already staged a massive growth this year, thanks to the virtual meetings on its platform accelerated by the COVID-19 global pandemic. Its revenue according to a report surged by over 360% to…

Live Trading & Chart Analysis – Stock Market, Gold & Silver, Bitcoin – November 20, 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Learn how to trade the markets for profit. Spending one session will set you on the path toward constantly profitable. We focus on the easiest & best market which is Forex currency pairs on the 8 hour time frame. Bitcoin, gold & silver, S&P 500 & Nasdaq. We look at the markets live together everyday. You can join the telegram channel below and be notified when we go live daily at 9am EST Monday-Friday. New to CTM? Welcome. ► Start here: ►…

MicroStrategy buys the dip — Now has more BTC than US govt

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Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin CEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition coincided with this event. MicroStrategy announced its intention to buy more Bitcoin earlier this month with a $400 million debt security sale to raise funds for the purchase. The bond sale ultimately brought in $650 million, which has now been used to buy…

Bitcoin (BTC) Price May Correct If Inflows into Grayscale Bitcoin Fund Slow Down

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The Bitcoin price correction witnessed in the second half of 2019 may be seen in the coming weeks if there is a major slowdown in the inflows recorded by the Grayscale Bitcoin Trust. Bitcoin (BTC) saw the best of its days in the past week since it made its emergence back in 2009 as it recorded an all-time high above $24,000. Analysts from JPMorgan Chase & Co (NYSE: JPM) as reported by Bloomberg have attributed much of this BTC price increase to the growth of large hedge funds specifically the…

Bitgrail’s founder contributed to $150M loss, Italian authorities allege

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Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the platform’s $150 million hack in 2018. Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from the exchange. According to a Dec. 21 announcement by the Postal and Communications Police — a cybercrime unit of the State Police of Italy, Firano kept the platform intact for months despite having identified a major security breach involving Nano cryptocurrency: “In keeping the platform open,…

DeFi Lending Protocol Warp Finance Recoups 75% of Stolen Funds

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While the exact specifics of how Warp recovered the funds are unknown, reports suggest the decentralized lending protocol was able to recoup the stolen funds. Warp Finance, a decentralized finance (DeFi) lending protocol, announced on December 29 that the firm has recouped 75% of its funds in a flash loan attack last week. The lending protocol revealed that the firm lost $7.7 million in the attack and has now recovered only or about $5.85 million.  Warp also said that they lost the funds in USDC stable coins and DAI but…

Elon Musk Ponders Tesla Putting Billions Into Bitcoin, Asking if Such Large Transactions Are Possible

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Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move would be “a $100 billion favor” to Tesla’s shareholders that would grow into a “$1 trillion favor.” Elon Musk’s Bitcoin Tweets Elon Musk tweeted about bitcoin several times on Sunday, starting with “Bitcoin is my safe word,” making the same joke he previously…

Cat got your tongue? Bitcoin critics wither in 2020

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Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin’s performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp.  Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency’s biggest critics. “Bitcoin has no future”: Russian…

Congress Approves $900B COVID-19 Stimulus After Months of Negotiations

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After months of negotiations, Congress finally approves a $900 billion stimulus package to fight the ongoing COVID-19 crisis. The daily cases in the US peaked above $400,000 last Friday. On Sunday, December 20, Congress approved another $900 billion COVID-19 stimulus package in its continuing effort to keep the economic activity going. The US is currently facing a major surge in daily cases going above 400,000 last Friday. On Saturday, the US Centers for Disease Control and Prevention (CDC) reported around 2756 new deaths across the US. Well, the latest numbers…

Long Term Crypto Holding Strategy? Crypto Investing Strategies | Token Metrics AMA

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #LongTerm #Crypto #Investing Long term crypto holding strategy. Crypto investing strategies. Sign up for Token Metrics at Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Be sure to subscribe and like the video to let us know you like the content! Sign up for Token Metrics at ✔ Podcast: ✔ Blog: ✔ Forum: Follow us on social media below: ► Telegram Alerts…