Day: April 8, 2021

UBER Stock Down 2% on Wednesday, Uber Unveils $250M Stimulus to Incentivize Drivers

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Uber stock jumped approximately 109% last year and an extra 11.55% year-to-date.  Uber Technologies Inc (NYSE: UBER) stock closed yesterday trading at $56.89, down 2% from the day’s opening price. The dip validated a continuation of a multi-week consolidation that began after hitting its all-time high in mid-February. However, there is the hope of a bull market in the near future as the company reopens its business in the United States. In a bid to accelerate its business as different states reopen their economies, Uber has set aside $250 million…

Digital yuan campaign planned for contested island in the South China Sea

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South China’s Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month to promote the use of the digital yuan among island residents. The city, established in 2012, is on the front line of disputes over territorial claims in the South China Sea, and is unusual in being both the People Republic of China’s smallest city by population and its largest by geographic reach: formally encompassing over 280 islands and their surrounding waters, reaching almost 800,000 square…

Post Stellar Q1 Earnings Coinbase’s COIN Shares Headed for Bumper Listing, Price Target Increased

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With almost 3 times the revenue predicted by market analyst DA Davidson, Coinbase is likely heading for a bumper listing next week. Da Davidson pegs COIN stock price to $400+ per share. Earlier this week on Tuesday, April 6, Coinbase announced the first quarter estimated results with mind-blowing figures. The company reported a revenue of $1.8 billion with a net income of around $800 million. Besides, the platform also reported 56 million verified users with 6.1 million monthly transacting users. Coinbase’s assets have topped $223 billion nearly 125% up from…

More Russians are disclosing their cryptocurrency incomes: report

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The number of cryptocurrency holding disclosures in Russia has been on the rise over the past several months, according to a new report. Russian news agency Izvestia reports Thursday that Russians have been increasingly disclosing their income from crypto trading for tax purposes. The report cites data from consulting and law firms like KPMG, PwC, FTL Advisers, as well as Moscow-based public policy think tank, the Center for Strategic Research. “We’ve observed that Russian residents have started voluntarily disclosing income from operations with digital assets, mainly with cryptocurrency, in tax…

ETHEREUM FAKE RALLY OR $4,000 THIS MONTH!!!?? PROOF BITCOIN GOES TO $200,000 IN 6 MONTHS!!!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum & Bitcoin Technical analysis, news, price predictions and more! SUBSCRIBE: 📈Looking for a profitable strategy and mentorship? Know roughly when to buy/sell alts/bitcoin? Make a few trades a year for maximum returns and minimal risk? Book a call with me here We’re hiring!! Want to work in crypto full time? See details here Do you want me to invest in your ICO? DM me ⏰ Timestamps Intro: (0:00) Market review: (0:36) Ethereum vs Bitcoin technical analysis: (1:06) Ethereum technical analysis: (1:15)…

Bitcoin price stalls as traders warn BTC could dip lower than $55K

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Bitcoin (BTC) barely recovered its losses on April 9 as fresh doubts emerged about the bull run continuing this month.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,760 “not a convincing bottom” After sliding 5% on Wednesday, BTC/USD saw only a modest rebound to circle $57,000 at the time of writing, Cointelegraph Markets Pro and TradingView showed.  Following multiple failed attempts to crack resistance close to all-time highs, analysts were becoming wary of a further dip and a temporary halt to further price gains. Filbfilb, co-founder of trading suite Decentrader, described…

Bitcoin Replacing Gold is More Sudden than Gradual – Bloomberg Report

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Quick take: Bitcoin replacing gold is occurring at a fast rate as investors divert funds ‘to where it is treated best’ Gold still maintains its place in jewelry and coin collections, but Bitcoin is replacing it as a store of value BTC’s volatility and ETF flows indicate that Bitcoin is in the early days of gaining against Gold The amount of Bitcoin leaving crypto exchanges is a sign of increased demand The team at Bloomberg has released their April 2021 Crypto Outlook report in which they point out that Bitcoin…

New petition asks SEC chair nominee Gary Gensler to drop Ripple lawsuit

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The Ripple community has launched a new petition to “stop the war” on XRP. Crypto & Policy founder Thomas Hodge has started a Change.org petition directed at Securities and Exchange Commission chair nominee Gary Gensler, asking him to end the SEC’s lawsuit against Ripple once he’s confirmed as chairman of the commission. Announcing the news Wednesday, Crypto & Policy called on Gensler to investigate the potential motives of former SEC chair Jay Clayton and his SEC Director of Corporate Finance William Hinman for “favoring” Bitcoin (BTC) and Ether (ETH) while harming…

Coinbase IPO | TGoC

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital currencies and assets, The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital currencies and assets, fintech, and more. The Gentlemen of Crypto EP – 626 Cool Crypto Gear: #bitcoin #cryptocurrency #altcoins #cryptonews Support “The Gentlemen of Crypto”…

Super Bowl Champion Tom Brady Set to Launch NFT Platform Dubbed Autograph

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Autograph will provide interactive offerings including live auctions, physical product drops, and also in-person experiences. Tom Brady, a seven-time Super Bowl champion, has announced his plans to launch an NFT platform dubbed Autograph in partnership with Dillon Rosenblatt. The platform will be used to bring together notable names in the sports, entertainment, pop culture, and fashion industry. Besides, Autograph will also produce NFT artworks featuring Brady. “Autograph will bring together some of the world’s most iconic names and brands with best in class digital artists to ideate, create and launch…