Day: February 9, 2021

AAPL Stock Down 0.31%, RBC Analysts Raise Apple Price Target to $171

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By adding a crypto wallet and exchange capabilities, Apple could attract a huge customer base due to its up to standard security system. Following Tesla Inc (NASDAQ: TSLA) quest into the crypto market through Bitcoin, RBC analysts speculate Apple Inc (NASDAQ: AAPL) could be the next unicorn to join the cryptocurrency industry. As a result, RBC analysts raised their Apple price target from $154 to $171, approximately 25% up from Friday’s close. In a note to clients, RBC analyst Mitch Steves maintained an ‘Outperform’ rating on the Apple stocks. According…

Bitcoin is Now the World’s 9th Largest Valuable Asset Ahead of Tesla

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The Bitcoin network is now the ninth most valuable asset globally, overtaking Tesla–the world’s leading electric automotive company, new statistics on Feb 9 reveal. BTC/USD Rise Above $48k, Flips Tesla’s Valuation As of writing, the BTC/USD price was trading above $45k after momentarily surging to over $48k in the early Asian session. The Bitcoin network is valued at over $851 billion at spot rates, ahead of Tesla, which has a market cap of $818 billion from a revenue of $20 billion posted by September 2020. Ironically, the flipping is because…

Bitcoin (BTC) Hits $47K in Latest Tesla-fueled Surge

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Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news. Bitcoin saw an unprecedented rise in the latest Tesla-fueled surge, driving its price through $45K and $46K to touch $47,513.57, a new all-time high within an hour before settling back to $47,053.09. The digital coin is now up over 20% in the last 24 hours thanks to the announcement from Tesla that it has bought $1.5 billion worth of Bitcoin. Tesla Inc (NASDAQ: TSLA) announced…

11 Chinese miners rescued after a fortnight underground

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Eleven gold miners have been rescued a fortnight after they were trapped by an underground explosion in China, according to state media reports. It is not known how many others are still alive in the mine. SUBSCRIBE to our YouTube channel for more videos: Follow us on Twitter: and Like us on Facebook: Follow us on Instagram: For more content go to and download our apps: Apple Android ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Eyes $50K with Weaker Dollar, Stimulus, and Tesla in Focus

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Bitcoin rally paused after notching a new record high on Tuesday, suggesting that its supersonic rally in the previous session might pare a portion of its gains. Bitcoin corrects lower after hitting $48,200. Source: BTCUSD on TradingView.com Bitcoin corrects lower after hitting $48,200. Source: BTCUSD on TradingView.com The benchmark cryptocurrency headed for its most robust one-day performance in more than three years as its price surged to $46,750 from $38,871 on Monday. The euphoria sustained into the next day’s Asian session, with BTC/USD hitting another historical peak level of $48,200.…

We Should View Long-term Value of MX Token in Way We Invest in Stock

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As the value of MX continues to increase, MX holders, like Tesla stock holders, have received “stock” appreciation gains. Holding MX is the same as holding stocks. Holders can enjoy a series of rights such as asset appreciation and voting to get a token listed. Specifically, MX holders can enjoy a 20% commission deduction when trading spots; voting and renewal of crypto assets can receive transaction fee rewards; participating in the lottery of SpaceM and M-Day activities qualification or bonus for the number of tickets; participating in MX DeFi staking…

What is the ERC-20 Ethereum Token Standard?

The ERC-20 Ethereum token standard is a blueprint for creating fungible tokens that are compatible with the broader Ethereum network. Ethereum, or ether, is a cryptocurrency that allows for the creation of a variety of applications, including tokens, that don’t require intermediary services to operate, unlike most traditional applications. The ERC-20 standard has seeped into almost every corner of the crypto ecosystem. A large number of popular tokens, such as the stablecoin tether and leading oracle service Chainlink, are actually ERC-20 tokens under the hood. ERC-20 tokens are digital assets…

Tesla’s $1.5B Bitcoin purchase leaves treasury experts scratching heads

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Corporate treasury commentators are criticizing Tesla’s $1.5 billion Bitcoin splurge, echoing the well-worn rhetoric of BTC’s volatility. Speaking to Financial Times, Jerry Klein, managing director at New York-based investment management firm Treasury Partners said that there was no use case for plowing corporate cash into Bitcoin. Another critic quoted by FT, Campbell Harvey of Duke University in Durham North Carolina, called Tesla’s Bitcoin acquisition “unusual” and “risky” adding that it will not serve as a hedge against market uncertainties. Critics of Tesla’s Bitcoin purchase say the move potentially puts shareholders…

Ripple Says SEC’s Lawsuit Needlessly Muddied the Waters for Exchanges, Market Makers and Crypto Traders Invested in XRP

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Ripple says the U.S. Securities and Exchange Commission (SEC) “caused havoc” in the crypto markets after alleging the company illegally sold XRP as an unregistered security. In its fourth quarter 2020 markets report, Ripple cites the pausing of XRP trading on many US platforms as a key part of a crypto fallout triggered by the regulatory agency. “The SEC’s filing needlessly muddied the waters for exchanges, market makers and traders. It’s disappointing and disruptive that some market participants, specifically in the United States, reacted as they did. Ripple identified 33…

South Africa learns a hard crypto lesson amid fast growing demand

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Authorities in South Africa appear to be paying closer attention to the cryptocurrency space in 2021 in the wake of a major Bitcoin (BTC) Ponzi scheme and increased trading activity. As a result, the South African Financial Sector Conduct Authority has called for tighter controls of the crypto space following the collapse of what has been described as the biggest Ponzi scheme the country has ever seen. In December 2020, Mirror Trading International went into provisional liquidation after one of its directors allegedly skipped the country, taking with him access…