Tag: Call

Virgin Galactic (SPCE) Stock Up 1% after Bullish Call by Cowen Analyst

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The bullish call on SPCE stock comes despite the Virgin Galactic’s operations having been severely affected by the ongoing coronavirus pandemic Virgin Galactic Holdings Inc (NYSE: SPCE) stock was trading 2% up, around $17 during Monday’s premarket. Now it is 1.26% up, at $17.68. Although not a huge spike as observed previously in the stock market, SPCE stocks are set to continue rising and probably reach their all-time high if the market conditions prevail. According to Cowen’s analyst Oliver Chen, the spaceflight services company is on the way to winning…

Black Ops Cold War Has Me Excited for a Call of Duty Game

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Call of Duty: Black Ops Cold War will feature COD’s most involved campaign yet. Side missions, player choice, and customization are just a few highlights. 3D Audio and 4K resolution are a big plus, as well. Despite the ridiculous name, Call of Duty: Black Ops Cold War is bringing exciting changes with its single-player campaign. Developers Treyarch and Raven Software revealed some campaign details today, prepping us for the most involved COD experience to date. Customize Your COD Experience For one, this latest Call of Duty has players creating a…

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

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On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains.  Explaining the difference in energy consumption between PoS and Proof-of-Work blockchains like Bitcoin’s, Representatives Tom Emmer (R-MN), Darren Soto (D-FL), David Schweikert (R-AZ) and Bill Foster (D-IL) wrote that the IRS may be overestimating gains: “We believe that taxpayers’ true gains from these tokens should indeed be taxed. However, it is possible the taxation of ‘staking’ rewards as income may overstate taxpayers’ actual gains from…

Second Stimulus Package Viewed as Bullish Call on Crypto Assets

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The second stimulus package that was confirmed by Treasury Secretary Steven Mnuchin is being viewed as a long-term bullish call on crypto assets. As the coronavirus economic hardship left a significant portion of American citizens jobless, Treasury Secretary Steven Mnuchin confirmed the release of the second stimulus package. Coincidentally, the $1200 per person check has come at a time when digital assets’ volatility is spiking by the day. According to analysts, the overall effect of this huge stimulus by large global economies is likely to play out well for the…

A ‘Wake Up Call’ for Centralized Platforms

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July 15 will go down as an infamous day for Twitter, as an unknown attacker managed to take control of a number of accounts on the social media platform before duping unwary users into a Bitcoin giveaway hoax. The event grabbed media attention, as some of the world’s most notable companies, politicians and business leaders had their accounts compromised before sharing similar messages touting a Bitcoin (BTC) giveaway that required users to send coins to an address before receiving double that amount back. The likes of Tesla founder Elon Musk,…

Bloomberg’s Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

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Based on a slew of recent predictions, bitcoin prices could more than double this year to $20,000. Or go to $250,000 by early 2023. Or $300,000 within five years. What’s confounding cryptocurrency traders now is the wide gap between such lofty forecasts and the banal reality: Since late April, bitcoin has traded in a range between roughly $8,500 and $10,200.   Thursday’s market action was no different, with prices rising 1.3% to about $9,800. The highest in two days. Not much to get excited about.   You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets…

Bloomberg’s Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

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Based on a slew of recent predictions, bitcoin prices could more than double this year to $20,000. Or go to $250,000 by early 2023. Or $300,000 within five years. What’s confounding cryptocurrency traders now is the wide gap between such lofty forecasts and the banal reality: Since late April, bitcoin has traded in a range between roughly $8,500 and $10,200.   Thursday’s market action was no different, with prices rising 1.3% to about $9,800. The highest in two days. Not much to get excited about.   You’re reading First Mover, CryptoX’s daily markets newsletter. Assembled by the CryptoX Markets…

Old Bitcoin Addresses Call Craig Wright a “Fraud,” but BSV Claims the Contrary

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Craig Wright cannot catch a break. The 50-year-old computer scientist and self-proclaimed Bitcoin creator was caught red-faced on Monday after a tweet revealed hundreds of Bitcoin addresses – claimed to be owned by Wright – were signed off with a contrary message.  “Liar and a Fraud” A Reddit post on May 25 stated 145 addresses were signed with a message calling Wright a “liar and a fraud.” All bitcoins in the wallets were mined in 2009, signaling an early miner or even Satoshi Nakamoto himself.  All 145 messages and their…

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

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As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment bank Goldman Sachs is hosting a call for clients on May 27 entitled “US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin.” Goldman Sachs’ Investment Strategy Group, part of the firm’s…

Goldman Sachs to Host Conference Call on Crisis, Crypto, and Inflation

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Goldman Sachs will host a conference call on May 27 titled US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin. On May 23, Mike Dundas, the founder of crypto media outlet The Block, posted a screenshot of the invitation for the call, revealing that the event will be hosted by Sharmin Mossavar-Rahmani, the CIO of Goldman’s Investment Strategy Group, alongside Harvard economics professor Jason Furman, and Goldman Sachs’ chief economist Jan Hatzius. Goldman Sachs appears to be warming to Bitcoin The news has been heralded as…