Here’s How Much Nvidia Actually Made from Crypto Mining Sales: Joseph Young
According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actu…
7 Reasons Why That Hot New ‘Bitcoin Stablecoin’ Sounds Like Junk: Wes Messamore
A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.” Last October Bit…
Bitcoin Price Inches Back Toward $3,500, But Litecoin is Today’s Crypto Market Winner: P. H. Madore
Bitcoin is edging closer and closer back to the critical $3,500 support level that some estimated it would stand on for awhile. Ethereum gained a dollar overnight. But more notably, so did Litecoin — more than a dollar, actually. Confidence in Litecoin seems …
$190 Million in Crypto Gone Forever, How Canada’s Biggest Bitcoin Exchange Lost it All: Joseph Young
QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin C…
Bitcoin Price in Recovery Mode – Will it Close the Week on a High Note?: Yashu Gola
The bitcoin price on Friday posted a modest 0.9 percent surge as it corrected from its ascending channel support level and sought to climb back into bullish territory. Bitcoin Price Charges Back Toward $3,500 The bitcoin-to-dollar exchange rate (BTC/USD) esta…
This Pot Stock Just Surged 90% for the Stupidest Reason Ever: P. H. Madore
More than three dozen cannabis companies applied for the POT symbol on the Canadian Securities Exchange after it became available this week. Potash Corporation relinquished the symbol, and so many Canadian companies wanted it that the CSE ran a first-ever ran…
Kudlow: Ocasio-Cortez’s 70% Tax on Rich Would Turn US into Venezuela: Melanie Kramer
“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens. With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez cl…
Dow Jones Sess Stunning 10% Recovery, But This One Key Factor Could Fuel Even More Growth: Joseph Young
Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling …
New Mac Malware Can Steals Crypto from Exchanges, Can it be Prevented?: Joseph Young
Unit 42, the global threat intelligence team at Palo Alto Network, discovered Mac malware that can steal cookies linked to crypto exchanges and wallets. Although usernames and passwords may not be sufficient to initiate withdrawals at crypto exchanges, if hac…
Newsflash: The Trump Curse? Vice Media Cuts 10% of Staff after HuffingtonPost & BuzzFeed Layoffs: Wes Messamore
The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in re…
Dow Smashes Through 25,000 after Blowout Jobs Report Pours Cold Water on Government Shutdown Fears: Sam Bourgi
The U.S. stock market extended its rally Friday after better than expected jobs data suggested that the impact of a partial government shutdown on the economy was largely overblown. Dow Surges Past Major Milestone All of Wall Street’s major indexes traded hig…
Donald Trump Might Pick This Bitcoin Optimist to Lead the World Bank: Josiah Wilmoth
When Satoshi Nakamoto created bitcoin, a message in the cryptocurrency’s Genesis block made clear that it was a direct response to banking industry mismanagement and the financial and political structures that continued to enable it. Just one decade later, US…
Jamie Dimon: ‘I Have No Problem Paying Higher Taxes’, If They’re Used Wisely: David Hundeyin
J.P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highes…
Op-ed: Did Bitcoin’s Q4 2018 Price Performance Prove It’s Not Digital Gold? Think Again: Wes Messamore
Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it. Typi…
Dow, Bitcoin Cautiously Advance into February Following Stock Market’s Best January in Decades: Josiah Wilmoth
Neither the Dow nor the bitcoin price looked keen on making a bold entry into February early Friday morning, as both the US stock market and cryptocurrency sector reflected on their uneven performances in January. However, positive economic data has begun to …
SpaceX Layoffs Were Caused by ‘Absolutely Insane’ Projects, Admits Elon Musk: Christina Comben
There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely …
Ripple (XRP) in Pump-and-Dump Scenario, Sinks 12% from Weekly High: Yashu Gola
A substantial Ripple rally fizzled as the asset’s value fell as much as 12% from its weekly high. The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 …
Traders: Bitcoin Trend Looking Ugly, Why a Slow Drop Below $3,000 is Expected: Joseph Young
In the last 24 hours, the crypto market has slightly declined by $2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the rang…
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