Day: January 14, 2021

Pantera Capital CEO doubles down on $115K Bitcoin prediction for 2021

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Dan Morehead, founder and CEO of Bitcoin (BTC) investment firm Pantera Capital, has maintained his bullish Bitcoin prediction for 2021. Bitcoin is poised to hit as much as $115,000 by August 2021, surging 200% in the next eight months, Morehead reportedly said at a conference call on Jan. 12.  The exec initially made this prediction in August 2020, when Bitcoin was trading at about $11,600. At publishing time, the cryptocurrency is trading at over $38,000. On Tuesday, Morehead said that Bitcoin still has lots of room for growth: “Is bitcoin overvalued?…

Ethereum Price & Technical Analysis: ETH Still Correcting

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On Thursday, January 14th, the Ethereum altcoin keeps correcting, trading at $1,122 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of ETH/USD. The ETH reached its all-time high in January. Vitalik Buterin is propelling the idea of social wallets. On W1, ETHUSD keeps correcting in an uptrend. The aim of the decline can become the next Fibonacci level – 61.8%. The MACD histogram is above zero, which means the upward dynamics will restore soon. The signal lines of the indicator have crossed zero and keep growing, additionally supporting the…

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News Crypto Market Capitalization Rises $ 30 Billion As Bitcoin Watches $ 19K Bitcoin rallies above $ 18,500, while altcoins continue to recover from recent losses. After hitting a low of around $ 16,250, Bitcoin managed to regain some of its losses and traded around $ 17,000 within a few days. This changed over the weekend as the main cryptocurrency began to gradually gain in value. BTC has now surpassed $ 18,600.…

DJIA and Other Wall Street Indices Remain Calm as Intel Leads Gains

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Investors have been waiting on the sidelines with the impeachment developments of President Donald Trump as well as on the hope of the next stimulus package announcement by upcoming President Joe Biden. On Wednesday, January 13, the S&P 500 – the benchmark index of Wall Street – closed slightly higher as tech giant Intel Corporation (NASDAQ: INTC) provided a major boost. The defensive sectors like utilities and real estate were leading gains as investors waited on the sidelines for another round of fiscal stimulus. The Wall Street indices, including DJIA,…

Chinese Mining Rig Manufacturer MicroBT to Go for IPO in US

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The move of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors. Chinese based cryptocurrency mining rig manufacturer MicroBT is reportedly to go public in the United States through an Initial Public Offering (IPO). The news which was first broken by Chinese crypto blogger Colin Wu did not specify the projected IPO timeline for the Whatsminer manufacturer but noted that the firm has seen remarkable growths…

Swiss Stock Exchange SIX Lists New Bitcoin ETF

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Swiss stock exchange SIX has revealed the listing of a new Bitcoin exchange-traded product (ETP) from financial firm ETC Group. This was announced on Wednesday, 13th of January in a press release by the stock exchange. Physically backed ETP According to the press release, the newly released product by ETC called BTCE tracks the price of Bitcoin and is 100% backed by the currency. This means that ETC group owns the underlining Bitcoin that it represents. Each unit of BTCE gives the holder a predefined amount of Bitcoin. Investors will…

Programmer has two password guesses left before losing $266M in Bitcoin

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A German-born programmer in San Francisco has now used up eight of 10 password attempts he has to unlock the hard drive containing the private keys to his Bitcoin wallet, which contains 7,002 Bitcoin (BTC). As of press time, those holdings would be worth $268 million — that is, if only they were accessible. As a New York Times profile on Jan. 12 outlined, Stefan Thomas uses a hard drive called an IronKey, but lost the paper on which he wrote down the password for the device “years ago.” If…

German real estate group issues $24M bond using Stellar blockchain

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Vonovia, a major European real estate group, has issued a 20 million euro ($24 million) bond using the Stellar blockchain. According to a Jan. 13 announcement, Vonovia has deployed the Stellar blockchain to issue security tokens for the transfer of real estate rights. The tokens were issued through an online marketplace called firstwire. Vonovia said that the blockchain-powered bond has a total term of three years. Helene von Roeder, chief financial officer at Vonovia, said that blockchain-powered bond digitization enabled the company to finance themselves “faster, easier and cheaper.”  “Issues…

INTC Stock Surges 7% on News of Ouster of Intel CEO Bob Swan

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Bob Swan will be stepping down two years after his promotion to the CEO position. The latest decision of ouster comes as Intel has been lagging behind in rolling out its next-generation chips and losing ground to its competitors. On Wednesday, January 13, the stock of Intel Corporation (NASDAQ: INTC) surged nearly 7% closing at $56.95. The stock price surged on the news that the Intel CEO Bob Swan will be stepping down next month on February 15. Current VMware CEO Pat Gelsinger and a 30-year veteran at Intel shall…