Tech Shares Soar as Tech Giants Are Expected to Report Q4 Earnings

According to Chuck Carlson, CEO at Horizon Investment Services, the upcoming reports could help determine whether the resurgence in growth stocks will continue.  Last week, tech shares ended with big gains. Due to the big expectations of tech giants’ earnings reports upcoming this week, investors bet on technology-related stocks. Besides, tech companies are expected to gain the most from the economic revival promised by vaccines against COVID-19. Against this background, tech stocks were big winners last week, with the Nasdaq Composite 4.2% up since last Friday, Dow Jones and S&P…

Asia accounts for almost half of global crypto trading: Messari report

Research by Messari has delved into the Asian crypto landscape and revealed the region accounts for almost half of all digital asset trading, and boasts six of the top ten largest crypto unicorns. The report, penned by research analyst Mira Christanto, confirmed that China, Japan, Korea, Hong Kong, and Singapore, are market leaders with deep pools of liquidity, adding that other Asian countries also have great potential to scale. “With Asia accounting for 60% of the world population, infrastructure companies across the world are interested in tapping the growing market.”…

Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions

Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as the ones responsible for the recent market-wide surge The latest Commitment of Traders (CoT) report from the CME reveals a striking trend – institutions are increasingly adding to their long exposure This seems to invalidate the notion that…

Report – Mining Bitcoin News

Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity at cheaper prices. Authorized miners are charged around 4,800 rials ($0.11) per kilowatt-hour in autumn, winter and spring, says the Iranian Energy Ministry. Subsidized rates may be half as much. Since 2019, when crypto mining…

Report Reveals How Ripple Will Defend Itself and XRP Against the U.S. Securities and Exchange Commission

A new report is shedding light on how Ripple plans to defend itself against the SEC’s accusations that it illegally sold XRP as an unregistered security. The price of XRP through the years could play a key role in Ripple’s defense. Citing sources with knowledge of Ripple’s legal strategy, Yahoo Finance reports Ripple plans to show that news stories about Ripple have had no impact on the price of XRP. A key example is from June 19th of 2019, when XRP traded sideways as Ripple announced a strategic partnership with…

Coinbase users can now report their crypto taxes using CoinTracker

With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler. According to CoinTracker, it’s an easy way for Coinbase users to report their crypto transactions and sales. Targeted at U.S. users, CoinTracker will calculate and fill out the specific forms — for example, Form 8949 and Schedule D — to declare capital gains, losses and assets on income tax returns. It…

Ledger owners report chilling threats after 20K more records leaked

Ledger users are receiving threatening emails in the wake of the hardware wallet manufacturer reporting that 20,000 more of its customers have been affected by another massive data breach. One or more extortionists using the names Darrin Burlew and Denni Hornig have reportedly sent emails to users who say their personal information was released as a result of the data breach at Ledger in June and July of last year. Reddit user Crypthomie, a former flight attendant based in the United Arab Emirates, said his Ledger owning father received a…

Bitcoin (BTC) Could Reclaim $38k then Slow Down – Report

Summary: Bitcoin fell from $41k to $30,300 in less than 48 hours This is a drop of over $10k or 26% Bitcoin has since rebounded and rejected at the $36,600 price area However, $38k could be possible after which Bitcoin’s bullish momentum will slow down This past week’s weekly close will go down in history as one of the largest drops of Bitcoin since the coronavirus crash of March 2020. Late Sunday found Bitcoin trading at $41k only for the King of Crypto to drop to as low as $30,300…

Bloomberg Report: $50k May Be Bitcoin’s Next Stop with a Base at $20k

Summary: $50k may be Bitcoin’s next stop Bitcoin’s old all-time high of $20k is now its base Bitcoin is attracting traditional gold investors as it is the digital version of the precious metal Bitcoin as an asset is maturing as seen through accumulation and a reduction of the premium rate on GBTC The team at Bloomberg have released their 2021 January crypto outlook report in which they forecast that $50k is Bitcoin’s likely next stop. According to the report, Bitcoin’s old all-time high of $20k is acting as its base…