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  • FOMO Risk? THETA Outpacing Bitcoin With 1000% Gains Since March Crash

    As the halving hype has now passed for Bitcoin (BTC), altcoins are beginning to regain traction. In that regard, many altcoins have been showing significant movements in the past two weeks. One of the biggest gainers is Theta Token (THETA), which gained 1,000% since the crash on Black Thursday, March 12. The second token of the Theta platform is called Theta Fuel (TFUEL) has also surged more than 1,150% in a matter of one week. Crypto market daily performance. Source: Coin360 Theta Token reaches new highs, but is it time to buy? As the candles are getting greener and greener, people are getting triggered by FOMO, hype, and emotional bias towards entering these strong altcoin rallies. Where did we see that before? During the pre-halving rally, traders and investors were eager to step into the markets at $10,000. However, the same traders and investors have a hard time stepping in when a coin retraces. In that regard, the next chart shows the massive surge of THETA in recent months. THETA/USD 2-day chart. Source: TradingView THETA made an 80% crash in…

    May 26, 2020
  • Chain Reaction – Ian Cassel: A Legendary Investor’s Search For A 100-Bagger

    Click to download audio version On this episode, Tom Shaughnessy interviews a long time friend Ian Cassel. We discuss Ian’s journey as a legendary startup/microcap investor, the creation of MicroCapClub which is the most prestigious microcap investing community, what Ian looks for in an investment and management team and so much more.Checkout MicroCapClub: https://microcapclub.com/Support The ShowZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15.To sponsor this top crypto research podcast, email [email protected] Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Let’s Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured…

    May 26, 2020
  • Bitcoin Must Break $9,100 To Avoid A Major Downtrend: Here’s Why

    Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend.Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels.The price must settle above the 100 hourly simple moving average to avert more losses.There is a key bearish trend line forming with resistance near $9,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could resume its decline below $8,645 if it struggles to clear the $9,100 resistance.Bitcoin Facing HurdlesBitcoin price extended its decline below the $9,000 support against the US Dollar. BTC price even settled below the 100 hourly simple moving average and traded to a new weekly low at $8,645.It is currently correcting higher and trading above $8,800. The bulls pushed the price above the $8,900 level, but they struggled to clear the $8,975-$9,000 resistance. It seems like the 50% Fib retracement level of the downward move from the $9,307 high to $8,645 low is acting as a resistance.There is…

    May 26, 2020
  • Ransomware Attacks Are Exploding in the Education Sector

    Educational services across the globe have been witnessing a surge in ransomware attacks in 2020. According to Verizon’s 2020 Data Breach Investigation Report, ransomware attacks account for approximately 80% of all cyberattacks suffered.The data suggests 92% of these incidents were motivated by financial reasons, while only 3% aimed to perform espionage activities on businesses operating within education.A sharp increase in ransomware attacks since 2019Ransomware attacks are growing at an alarming rate. Currently accounting for an overwhelming majority of all cyberattacks, ransomware was just 48% of the whole during 2019. Phishing is partially to blame here — ransomware attacks are more commonly made through fake websites than through emails.Verizon report also says that that attackers don’t even need to be able to do the work themselves — they can rent the malicious software as a service. Verizon furthermore states that many companies still have a considerable lack of protection against ransomware, which also explains the increase.Casey Ellis is founder and CTO of security company Bugcrowd. Speaking to Cointelegraph, he highlighted that many companies are vulnerable to the rise in ransomware in…

    May 26, 2020
  • Bitcoin Miner Capitulation of the New Gen. Will Begin at This Price: Analyst |

    The total Bitcoin [BTC] hash-rate has fallen below COVID-19 crash levels, and this time around exit seems to be permanent for the older generation of miners. Nevertheless, there is a silver lining with the rainy season arriving in China.The levels around 85-90 million TH/s marked the bottom in hash-rates during the bear market of 2019 when the prices fell to around $7,000. The miners continue to exit even after the recent difficulty adjustment of 6% on 19th May, pointing out the unprofitable price levels. Bitcoin [BTC] Total Network Hash-Rate (Source)According to Dovey Wan, crypto analyst and investor, the capitulation could continue to push the price lower. She tweeted,“The first drop of hashrate comes after 3/12 black Thursday, tho temporarily as price bounces back quickly in a month. Most miners can shut down for a month, but it’s like holding their breath.” she added, “the second drop comes after halving and this time will continue for a while if the price keeps ranging (last for a few more difficulty adjustments cycles)”Electricity Cost and Revenue RatioAccording to previous estimates, the marginal break-even cost…

    May 26, 2020
  • Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

    CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator of cryptocurrency exchange BitMEX.In an announcement from CoinDCX on May 25, the exchange said it would be using the funds to encourage mass adoption of cryptocurrency in India through its “TryCrypto” campaign. CoinDCX stated its goal was to have 50 million crypto users in the country. One of TryCrypto’s initiatives will be a cryptocurrency and blockchain educational program aimed toward new traders.Sumit Gupta, Co-founder and CEO of CoinDCX, said the crypto industry in India was garnering more attention from global corporations like Coinbase and Polychain. This recent investment, coupled with the $3 million secured in March, would provide “a shot of confidence in our roadmap toward bringing the crypto asset class to a largely untapped Indian market.”Growing confidence in India crypto industry?In March, India’s Supreme Court…

    May 26, 2020
  • After 15% Crash, BTC Is on the Verge of Recovering

    It’s been a tough past week for the Bitcoin market.After rumors spread about Satoshi Nakamoto “selling” his BTC, the cryptocurrency saw a strong rejection in the $9,700-10,000 resistance band, plunging as low as $8,600 just the other day. This is a drop that has liquidated dozens of millions of dollars worth of Bitcoin wealth from traders and investors.Data from Bitcoin derivatives markets, however, shows that BTC is primed for a bounce. The same data set indicating this is the exact same data set that called the $10,000 top ten days ago.Bitcoin Derivatives Market Shows BTC Is Primed to BounceAs financial derivatives — such as futures and options — have become increasingly important to the Bitcoin market over the past few months, so too has the data these markets provide.One prominent market technician recently shared the chart below, which shows that the funding rate of Bitcoin futures on derivatives exchanges like BitMEX and OKEx have recently shot lower.The funding rate is the fee that long positions pay short positions to effectively stabilize the market. Extreme funding rates indicate that one side…

    May 26, 2020
  • Over 310,000 Bitcoin has Left Exchanges Since “Black Thursday”

    The events seen within the crypto market on March 12th – a day now known as “Black Thursday” – were extreme and have sparked a lasting shift in dynamics amongst Bitcoin investors.One of the most prominent changes brought about by this recent meltdown can be seen while looking at the balance of BTC on exchanges, which has been diving in recent times.Data shows that over 310,000 Bitcoin has been removed from exchanges in the time following March 12th. It is probable that this crypto has been moved into cold storage solutions, signaling that investors are planning to hold their BTC over a longer time frame.It also appears that investors’ trust in centralized platforms may have been severely degraded by the events that led this meltdown to occur.Investors Have Moved Over 310,000 Bitcoin Away from Exchanges Over Past Two Months March 12th will forever be a day burned into the minds of crypto investors, as the market witnessed an intense selloff sparked by a cascade of liquidations on BitMEX.Bitcoin, which was trading at $8,000 in the early morning hours of the day,…

    May 26, 2020
  • Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

    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 ClientsNew 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 Consumer and Investment Management Division, has issued a notice inviting clients to the call where they can learn about bitcoin.Sharmin Mossavar-Rahmani, Goldman Sachs’ head of Investment Strategy Group and chief investment officer for Wealth Management, will host the event. She is responsible for the firm’s overall strategic asset allocation and tactical investment strategy. Two other economists will join her for the call. One is Jason Furman, former chairman of the Council of Economic Advisers and professor at Harvard Kennedy School (HKS). The other is Jan Hatzius, Goldman Sachs’ chief economist and head…

    May 26, 2020
  • Louisiana Might Soon Offers a License to Bring Crypto Business Back

    The state of Louisiana might soon pass a bill to offer licenses for crypto businesses to operate legally, according to a May 25 report. The bill was filed earlier this year with the goal of helping crypto businesses get official licensure and bring more crypto-related business to the state. The new bill is backed by state representative Mark Weight. If the bill passes, the state would then have a crypto framework to operate from, defining a number of crypto-related terms.The new bill got unanimous initial approval from Louisiana’s House of Representatives last week, but there is still a long road ahead. The bill next goes to the State Senate, and then to the Committee on Commerce, Consumer Protection, and International Affairs for further approval.Conducting legitimate crypto business in the US is risky because the country is invested in preventing cryptocurrency from being used illegally. That’s why most of these companies set up shop in more crypto-friendly countries such as Malta, Switzerland and Canada.If Louisiana can successfully pass its crypto license law, the state might join a few others seeking to provide…

    May 26, 2020
  • Bitcoin (BTC) Analyst Predicts Further Retracement After BTC/USD Dips Below $8,700 |

    BTC/USD price breaches below key support levels at $9,000The top crypto is setting lower highs, signaling an end to the bullish climb since Mar.12Possible drop to $8,500 major support levels. The price of Bitcoin (BTC) dipped below the $8,700 mark during the early hours in the Asian market on Monday for the first time since the halving event. According to TradingView, XBT Bitcoin futures currently trade at $8,773 representing a 6.5% drop in the past 24 hours, as the sharp uptrend since Mar. 12 comes to an end.The sharp drop in Bitcoin’s price in the past hour from highs of $9,100 set off over $20 million in XBT long contracts liquidations in an hour and $30 million in the past day. Image: Datamish Some crypto traders and analysts are seeing this as a precursor to the price further retracing towards the $8,500 region. Despite the near term bearish market indicators, BTC/USD long term fundamentals remain solid with spiking open interest in CME Bitcoin futures and increased institutional investment as reported by Grayscale Investments.Bearish much? BTC/USD setting lower highs, lower lowsWhile…

    May 26, 2020
  • Alinity Is Back in the Hot Seat After a Controversial Old Clip Goes Viral

    Twitch streamer Alinity finds herself in hot water after an old clip goes viral.Twitter users posted controversial comments the streamer made in 2018, discussing cheating in relationships.Alinity responded to the video, saying that it was her way of “projecting my insecurities.”Twitch streamer Alinity found herself the target of abuse and vitriol after an old clip from one of her streamers went viral.In 2018 video, reposted on May 20 by a Twitter user named JordanPooleWrld, Alinity said that when men are in relationships but are attracted to other women, it amounts to “cheating.”However, when a woman is attracted to other men, it suggests that she’s not getting something from her relationship. Many picked holes in Alinity’s logic, calling the streamer “less intelligent,” among other, more strongly-worded things. Alinity wonders why an old clip of hers has become so popular. | Source: Twitter The video has 1.8 million views, confirming its viral status. No one is calling for Alinity to be banned over this, the way they were after Pokimane’s NSFW accident last week. But it is being used to criticize her.Is…

    May 26, 2020
  • Trump & Kevin Hassett Put Money Over Humanity – Just Like Most of Us

    #HumanCapitalStock was trending on Twitter today after Kevin Hassett’s comments.Twitter users were up in arms over the fact that politicians are valuing the economy over human life.They ignore the fact that American consumers have been doing it for years.White House adviser Kevin Hassett is in the news today for placing the economy over humanity. It’s a disturbing trend among Donald Trump and his cohorts during the pandemic.Swaths of the population are outraged by the thought of placing money and the economy above human life. Or so they tweet from their iPhones while wearing clothes made in sweatshops.Kevin Hassett Gets #HumanCapitalStock Trending on TwitterDuring an interview with CNN, Kevin Hassett dropped a bomb he didn’t know he was carrying.Our capital stock hasn’t been destroyed. Our human capital stock is, uh, ready to get back to work.Adding,So there are lots of reasons to believe that we can get going way faster than we have in previous crises.His comments had Twitter in an uproar. The #HumanCapitalStock became a top trend. Listen to the doctor when he says ‘AF.’ | Source: Twitter One user…

    May 26, 2020
  • Crypto Community Trolls Ethereum For Not Getting Its Own Emoji

    The crypto community on Twitter has united once again in an epic troll, this time aimed at Ethereum. What began as a simple question as to why the second-largest cryptocurrency doesn’t have its own emoji turned into a hilarious movement that says the network is best described with the internet’s beloved poop emoji.A Serious Enquiry About Emojis Turns Into an Epic TrollThe crypto community has never been one that turns away from a good troll, which is exactly what ensued after some unsuspecting members of the Ethereum community raised the question of emojis.Namely, the recent addition of the Bitcoin emoji to social media platforms such as Twitter have been welcomed by the industry, with many saying something as trivial as an emoji actually legitimizes the cryptocurrency and brings it closer to mainstream adoption.Therefore, it was no wonder that members of the Ethereum community began raising the question of an ETH emoji. With ETH 2.0 on the way and promises of a scalable, completely decentralized network, many believe this is the perfect time to boost its popularity with an emoji.@twitter @jack…

    May 26, 2020
  • Dow Futures Signal Big Rally Post-Memorial Day as Economy Shows Signs of Life

    The Dow Jones Industrial Average rallied nearly 300 points in futures trading Monday night.Although the economy has likely plunged into recession, key indicators such as mortgage applications and travel bookings are up slightly.The Atlanta Fed’s GDP tracker estimates a second-quarter contraction of 41.9%.U.S. stock futures rose sharply Monday evening, as investors rallied behind early signs that the worst of the economic crisis had passed.Dow, S&P 500, Nasdaq Futures ClimbFutures on all three major U.S. indexes broke to the upside Monday evening. Dow Jones futures rose by as much as 298 points or 1.2% before paring gains. S&P 500 futures rose 1.1%, while the Nasdaq 100 mini contract climbed 1.2%. Dow Jones futures are holding gains of 228 points Monday evening. | Chart: Yahoo Finance Dow futures climbed in Monday’s shortened session, though regular trading via the New York Stock Exchange remained closed for Memorial Day.U.S. Economy: Has the Worst Passed?Equity markets are rallying on hopes that the U.S. economy is starting to come back to life–perhaps earlier than some had expected.Although a technical recession appears certain, the decline in consumer…

    May 26, 2020
  • Spike in BTC Exchange Inflow Preceded Bitcoin Price Correction to $8.6K

    On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend.According to data, miners, exchanges and retail investors may have led to the decline in the price of Bitcoin over the past three days.Who is selling Bitcoin?As cryptocurrency investor Willy Woo previously explained, the role of an exchange is to match orders between sellers and buyers. As an example, if a buyer is purchasing Bitcoin at $9,000, a seller has to be selling BTC at the same price for the trade to come through.Woo said:When we say traders are ‘buying’ or ‘selling’ this is a myth. Every trade is matched, every trade has a buyer and a seller. (When we say the market is buying or selling, we actually mean smart money is buying or…

    May 26, 2020

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