Day: January 15, 2021

JPM Stock Down 2%, JPMorgan Reports Better Than Expected Q4 Results

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JPMorgan recorded a revenue of $30.16 billion in Q4, which exceeded analysts’ estimates of $28.7 billion. JPMorgan Chase & Company (NYSE: JPM) stock dropped approximately 2% to trade around $138.42 after reporting better than expected Q4 earnings results. The American multinational investment bank announced on Friday that it recorded earnings per share of $3.79, exceeding analyst expectations of $2.62 according to a survey by Refinitiv. Notably, JPMorgan recorded a revenue of $30.16 billion, which exceeded analysts’ estimates of $28.7 billion. Speaking during the Q4 announcement, JPMorgan CEO Jamie Dimon noted…

First Mover: Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

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(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18, in honor of Martin Luther King Jr. Day in the U.S., a CryptoX company holiday. The cryptocurrency market will be open, as it always is.)  Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past week.   The market faces price resistance around $41,000, with support seen around $34,000, Mark Warner, head of trading for London-based BCB Group, a financial firm focused on digital assets, said in comments emailed by a spokeswoman.  “A move above…

Bitcoin BLASTS Past $26K for First Time Ever!! WATCH NOW!!! 30k By End of Year!? Cryptocurrency News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin is EXPLODING! ALREADY at $26,000! Must be because of THIS recent news! 🎉🎉🎉 Hit Like, Share, and Subscribe for more daily cryptocurrency news! Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamp: 0:00 – Intro / Bitcoin is EXPLODING!! (Watch The Whole Video!) 1:19 – What is YOUR bitcoin price prediction for end of 2021? 1:47 – Mexico’s second richest man says Bitcoin is his “best investment ever” 3:47 – The higher the price goes the louder…

Timing is key as Bakkt secures NYSE listing

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Digital assets marketplace Bakkt is set to go public on the New York Stock Exchange in 2021, which could pave the way for more cryptocurrency service providers to follow suit. The Intercontinental Exchange announced on Jan. 11 that its cryptocurrency marketplace Bakkt would soon be listed on the NYSE public stock market. This will be done through a merger with a special purpose acquisition company VPC Impact Acquisition Holdings. The shell company will be used to merge with Bakkt in order for it to be listed on the stock market…

Polkadot Jumped Over 24% in 24 Hours, DOT Overtook XRP on CoinGecko by Market Cap

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The rally on Polkadot has been significantly affected by both accumulated fundamentals and emerging market factors. Open-source sharding multi-chain protocol Polkadot (DOT) experienced a dramatic increase in its blockchain activity in the past 24-hours. Notably, DOT tokens jumped over 24% in 24 hours according to figures provided by CoinGecko. However, the asset was trading around $13.65 (+12%) at the time of writing with a market valuation of approximately $12.345 billion and a daily trading volume of $6 billion. Consequently, Polkadot (DOT) dethroned XRP from its long-standing fourth position by market…

ATTENTION: BITCOIN Next Major Move Will Be LEGENDARY (btc price prediction news today ethereum

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Bitcoin May Revisit $20K, Is It Time To Sell? 

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Bitcoin was unable to hold $40,000 after making its ATH of just below $42,000. A large sell-off from miners caused Bitcoin to drop 18% to $30,410. About $170 billion were wiped out from the cryptocurrency market.  The flash crash rekindled memories of the 2017 boom-and-bust that dragged Bitcoin from the previous ATH to $10,000. It has taken Bitcoin three years to revisit $20,000. Now $35,000 is a crucial level for Bitcoin to hold. If buyers manage to guard this support, Bitcoin may get a boost to $41,000 again. But failing…

CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency

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A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme Court of Korea determined that Kim Ik-hwan should spend time in jail, as the authorities previously indicted him in 2018 for accepting bitcoin (BTC) bribes. The investigation unveiled that he and other executives received almost $771,270 worth of BTC…

Institutions keep the Bitcoin bull market on track

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As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone. This was slightly offset by the decrease in addresses holding 10-100BTC, indicating that smaller “whales” were finding the chance to take profit too good to pass up. The year started with a surging increase in volatility and trading volume, with BTC setting a new all-time high at $41,941 before plunging back below $32,000. In doing so,…

Emerge DeFi Pushes Quality Standards for DeFi Token Issuance and Marketing

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Emerge DeFi is a platform focusing on delivering suites of services for clients interested in launching quality projects without the shoddiness often used to describe DeFi token issuance and distribution One of the key takeaways from 2020 is that DeFi is as potent as it is uncertain. There is no doubt that decentralized finance introduces advanced and highly lucrative financial concepts that have become the bread and butter of avid crypto investors. However, the bone of contention is that the current model of running projects and doing business in the…