Business

  • Trump Could Pick Nikki Haley as VP in 2020

    Nikki Haley could replace Mike Pence as Trump’s VP. Haley has written a book expressing her support for President Trump. Reports indicate Trump could benefit from Haley as VP. Some political commentators think Nikki Haley is vying to be President Trump’s pick for Vice President in 2020. The speculation surrounding the former U.S. Ambassador to the United Nations comes in the wake of her new book, “All Due Respect,” which hits bookshelves Tuesday. Source: Twitter In the book, which was obtained early from the Washington Post, Haley doubles down on her support for Trump. She also claims to have resisted pressure from then-chief of staff John Kelly and then-Secretary of State Rex Tillerson to undermine President Trump. According to the Guardian, Haley writes: Kelly and Tillerson confided in me that when they resisted the President, they weren’t being insubordinate, they were trying to save the country. Haley goes on to say that she told Kelly and Tillerson that if they disagreed with the president then “they should quit.” Haley Eyeing the VP spot According to political commentators, the timing of…

    Nov 13, 2019
  • Peter Schiff Fires Back After Facebook Crypto Head Calls Bitcoin “Digital Gold”

    Last week, speaking at the New York Times DealBook Conference, David Marcus, the head of Facebook’s cryptocurrency projects, called Bitcoin “digital gold,” while simultaneously arguing that the coin is not a good currency for transactions: “I don’t think of Bitcoin as a currency. It’s actually not a great medium of exchange because of it’s volatility,” Marcus said. “I see it as digital gold.” Many have made the comparison between Bitcoin and gold in the past, with those most bullish on the leading cryptocurrency hoping that it will eventually surpass gold’s $8 trillion market value. Currently, the total value of all Bitcoin is $160 billion, about 50-times less than gold. Bitcoin: Digital Gold Marcus said Bitcoin is like gold because you can hold on to it as an investment just as people do with actual gold, but that the fluctuations in value currently associated with Bitcoin make it a bad choice for people who need a reliable system to send remittances across borders. Commentators on Twitter, such as financier Peter Schiff, were quick to chime in: Peter Schiff says bitcoin is…

    Nov 13, 2019
  • Jeff Bezos Could Be the Best Thing to Happen to the Seattle Seahawks

    Jeff Bezos appears to be interested in purchasing an NFL team should one come up for sale. The Seahawks are likely to come on the market, making for a great fit with Bezos’ strong ties to Seattle. Bezos’ leadership style and strong presence in Seattle could be a boon for the team in the coming decade. Rumors are flying that Amazon founder and CEO Jeff Bezos wants to buy an NFL team. During the Super Bowl last February, Bezos was seen enjoying the view from NFL commissioner Roger Goodell’s suite. He’s also been spotted spending time with other team owners, which has further spurred on speculation. As the richest man in the world, Bezos could afford to pay cash for any team in the league but unfortunately none of them are currently up for sale. Speculation linking Bezos to the Seahawks is alive and well. | Source: Twitter However, many expect the Seattle Seahawks to eventually go up for sale after the team’s owner Paul Allen died last year. There’s also a chance that the Denver Broncos could come on…

    Nov 13, 2019
  • Sally Ho’s Technical Analysis 12 November 2019

    Bitcoin Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair fell to the 8690.00 level after being capped around the 8787.86 level during yesterday’s North American session. The pair had previously tested the 8590.00 level.  The pair’s recent range expansion has some traders focusing on longer-term ranges and their impact on BTC/USD.  One level the pair had been orbiting before its recent down move was the 9301.26 area, representing the 38.2% retracement of the 7296.44 – 10540.49 range.  That area is also near another important retracement level, namely the 9269.57 level that represents the 50% retracement of the broader 4670.69 – 13868.44 range.  Below current market activity, the next retracement level related to this broader range is the 8184.23 area, and some decent Stops are likely in place below.  Above current market activity, the next retracement level related to this broader range is the 10354.90 area, with some Stops like in place above. Longer-term BTC/USD traders also observe that current market activity recently orbited the 9385.99 area, the 61.8% retracement level of another range, specifically the move from…

    Nov 13, 2019
  • Former ECB President Says He’s ‘Strongly Against Bitcoin’

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte             Former European Central Bank President Jean-Claude Trichet had some harsh words for cryptocurrency over the weekend, the South China Morning Post reports. Trichet noted that he’s opposed to Bitcoin and suggested that cryptocurrency should not represent the future of money. While participating in a panel discussion at the 10th annual Caixin conference in Beijing, the former ECB head said: “I am strongly against bitcoin, and I think we are a little complacent. The [crypto]currency itself is not real, with the characteristics that a currency must have.” He suggested that cryptocurrency purchases are mostly speculation and argued that it’s “not healthy.” And while he noted that the world is reducing the amount of physical currency it uses, he expressed doubts about whether cryptocurrency should take its place. Trichet’s comments come as central banks around the world are debating the potential benefits of technologies like blockchain and cryptocurrency. Some countries, like Tunisia, are already moving toward…

    Nov 13, 2019
  • How Far Is This Falling Channel Taking BTC/USD? |

    Bitcoin continues with the lower high and lower pattern with the descending channel. The immediate downside is protected by the 50-day MA addition to $8,400 and $8,000 support zones. Bitcoin took a breather from the downtrend over the weekend following Friday’s flash drop. Bitcoin failed to sustain gains above $9,200 and embarked on a journey of breaking down support areas. For instance, on breaking below $9,000, the short-term support at 8,050 and $8,800 caved in allowing losses to extend towards $8,600. Following a shallow recovery over the weekend, the trading was dominated by consolidation movements. BTC/USD at some point stepped above $9,000 but gains were capped under $9,200. The prevailing trend is marred with declines whereby Bitcoin is re-targeting the same lows reached on Friday. BTC/USD daily chart Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC/USD price chart by Tradingview, Coinbase For now, the price is teetering at $8,691 and is between the moving Average support and resistance. On the downside, Bitcoin is supported by the 50-day MA at $8,549.43. On the upside, the largest crypto’s movements…

    Nov 13, 2019
  • The Lions’ Handling of Stafford Injury Reeks of Foul Play

    The NFL is investigating the Detroit Lions’ handling of Matthew Stafford’s back injury. Questions surround when the Lions knew their star quarterback would be out. The NFL could heap fines on the Lions. Something seems fishy with the Detroit Lions’ handling of the Matthew Stafford back injury. The NFL has picked up on the scent and announced an investigation into the team on Monday. The NFL could dole out fines to the Detroit Lions because of their handling of Matthew Stafford’s injury. | Source: Twitter Stafford was listed as “questionable” through Saturday and wasn’t officially ruled out until Sunday morning. Several Lions players, however, said that they knew Stafford would be out on Saturday. The NFL is investigating when the Lions knew their star quarterback would be out. Matt Patricia Is No Stranger to Injury Controversy Lions Head Coach Matt Patricia had served as an assistant coach and/or defensive coordinator for the New England Patriots for 14 seasons. Detroit hired him as their head coach in 2018. However, during his time in New England, several players accused the Patriots of…

    Nov 13, 2019
  • CoinMarketCap Now Provides Crypto Investors With Data on Liquidity

    Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes from The Capital, CoinMarketCap’s inaugural conference in Singapore on Nov. 12, and the tool is now live on the company’s site. The new metric will reportedly incorporate data from 3000 crypto assets. Intending to filter out market manipulation, CoinMarketCap will reportedly base the new liquidity metric on adaptive data. Carylyne Chan, chief strategy officer at CoinMarketCap, elaborated on the firm’s aims with their methodology: “We believe our adaptive methodology will make our metric very difficult to ‘game’ as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.” Liquidity > Volume The firm said that it sees its new metric as a way of escaping dependence on volume reporting, which is often subject to wash trading and other means of manipulation on different exchanges. At The Capital, Chan said that “volume has lost its value as a metric.”  She further explained…

    Nov 13, 2019
  • Nobel Laureate explains Bitcoin narrative that brought popularity in 2017 |

    Nobel Laureate, economist, best-selling author, and serving Sterling Professor of Economics at Yale University Robert J. Shiller analyzes how Bitcoin narratives influence any economic event in his recently published book, “Narrative Economics: How Stories Go Viral and Drive Major Economic Events.” Shiller recently discussed the significant role and influence of narratives and how they tend to change or shape economic events such as recession, boom, or even market behavior. He further explained this phenomenon with the story of the origin of the leading cryptocurrency Bitcoin, and how impactful was that origin story on its popularity. The American economist stated that for him the narrative economics is a study of popular narratives that underlie the thinking of the people and not that of the economists’. According to him, it is imperative to know the reason behind people spending more in the boom while less in the bust. Other than that, why people pay attention to the stock market and what makes them believe that the stock market is the instrument that measures the economy’s health. Nobel Laureate on Bitcoin narrative Shiller…

    Nov 13, 2019
  • Highly Anticipated “Bithumb Coin” Officially Announced by Bithumb Global

    SINGAPORE –  Bithumb Global, the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bithumb Global announces the release of their native token titled “Bithumb Coin” which will hold the ticker name, $BT. The token allows transactions within Bithumb Chain which enables a plethora of different use-cases. Bithumb Chain is built by first rate esteemed professionals within the IT, security, cryptography and financial verticals.  What is Bithumb Coin Bithumb Chain is the decentralized open-source protocol that powers the products, services, and infrastructure within the Bithumb Family ecosystem which helps capture value from both upstream and downstream of the trading business. To further bolster the infrastructure of the Bithumb Chain ecosystem, Bithumb Family has a variety of new technologies adding to the value network of the blockchain, including a creative EaaS (Exchange-as-a-Service), which is a unique protocol PSP (Profit Sharing Protocol). The EaaS allows users to access the service through one-click, and adding…

    Nov 13, 2019
  • Visa card to support 150 currencies including crypto and fiat |

    Wirex has introduced multi-currency Visa travel cards that support both digital and fiat currencies. Wirex travel cards: Crypto and fiat controlled through one card Wirex is a firm focusing on Digital payments; the platform provides solutions for both digital and fiat currencies. Now the firm has launched a VISA travel card that supports 150 currencies, including Bitcoin and Ethereum, among numerous other altcoins. The company announced the news through a Twitter post. The travel card will be available across the Asia-Pacific region. The service also offers rewards for in-store purchases. The service returns 1.5 percent of the spent amount in Bitcoins to later spend on traveling. Wirex users will be able to enjoy the offer without paying any fees. This is to attract users that are still sitting on the fence regarding the project. There is a one percent monthly fee for owners of the company’s crypto debit card, while Wirex users can enjoy the same service for free. The company expressed their excitement at the project by saying that it is “delighted” to offer the service across the multitude…

    Nov 13, 2019
  • Can Cryptocurrency Create a New Niche in Music Streaming?

    The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have provided a way for companies to monetize digital content while protecting it and putting new technology to work. As the industry evolved, a few major platforms exploded into the market. These early growth leaders received huge boosts as users began tossing out their CDs and flocking to media services. However, those early days have come to a grinding halt. The technology is no longer new. Rather than massive new user acquisitions, the industry has begun to change, and the proof is readily apparent. Related: How Blockchain Could Decentralize the Music Industry Competition  One only needs to look at the events of the last year to see that competition in the industry is growing exponentially. Industry leader Spotify is just one example of how competition has forced companies to pursue new users with a vengeance. Spurred on…

    Nov 13, 2019
  • Could Cash Restrictions in Malaysia Boost Crypto Usage

    Malaysia has joined a growing list of nations imposing capital controls on their people. Economic and geopolitical tensions are forcing governments to restrict the flow of money across their borders. As this is practically a form of financial subjugation, will more turn to crypto? Crypto Over Cash Controls? It was reported by local media this week that Malaysia’s central bank is planning to impose a cash transaction limit of RM25,000 (approx. $US6,000). Bank Negara (BNM) deputy governor and chairman of the National Coordination Committee to Counter Money Laundering (NCC), Datuk Abdul Rasheed Ghaffour, said that the measure was to address the abuse of physical cash used for illicit activities. The restrictions will apply to all cash transactions including payments of goods and services and donations and transfers between parties and businesses. There are a couple of exemptions however including transactions to and from regulated financial institutions and humanitarian aid donations. The banker asserted that it would not affect households since, according to their very small survey, 80 percent of them are of low and middle income with average cash transactions…

    Nov 13, 2019
  • Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD

    Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11. The new USD-anchored stablecoin comes four months after the firm launched CADT, a stablecoin initiative pegged to Canada’s national fiat currency. CUSD is pegged 1:1 to USD As reported, BVCI debuted CADT stablecoin in conjunction with last Canada Day on July 1. With one CUSD equivalent to one USD, the new stablecoin is expected to be used by people and businesses, and specifically targets cross border transactions between the U.S. and Canada, the firm stated. BVCI to comply with all federal regulations related to crypto transactions Regulated by the Financial Transactions and Reports Analysis Centre of Canada, BVCI says it operates in compliance with all federal regulations related to the transfer of virtual currency. BVCI is a financial services firm incorporated in Ontario, the most populated province in Canada, according to the BVCI’s website. Through CUSD stablecoin, BVCI will facilitate cashless transactions with USD deposited into an escrow account with a U.S.-based…

    Nov 13, 2019
  • Building a Future on Ethereum at Canadian Hackathon

    A hackathon may sound like something conducted in a disused warehouse by a bunch of computer nerds trying to break into government websites. In reality it is the complete opposite; a gathering of whitehats and industry professionals sharing knowledge and innovating on current networks. A weekend Ethereum hackathon in Toronto, Canada produced some interesting developments as the ETH community continues to grow. Ethereum Innovation Continues Ethereum has no shortage of detractors and it gets more than its fair share of FUD. But the bottom line is that there are more developers working on the Ethereum network than any rival blockchain project and this has made it the global standard platform for dApps and smart contracts. The leading minds in the cryptocurrency space joined over white hat 500 hackers from around the world over the weekend to collaborate on Ethereum based dApps. The Toronto based ETHWaterloo event is organized by the core ETHGlobal team and has been running since 2017. Prizes were awarded for innovation and 65 projects were submitted over the weekend which brought total hackathon projects to more than…

    Nov 13, 2019
  • Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

    To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in what is becoming quite the predictable event, the CME Gap. Last week many traders were screaming for $8,885 to be filled, and even though this is becoming quite a regular thing, world-renowned Bitcoin hater, Peter Schiff took to Twitter to call for a dump in Bitcoin price. Schiff tweeted,  “It looks like the #Bitcoin pump is finally over. Get ready for the dump!” Of course, one only has to look at the engagement Mr. Schiff receives on his anti-Bitcoin crusade to see that he gets 14 times more interaction on…

    Nov 12, 2019

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