The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles “will extend to at least 2025, well beyond the immediate effects of […]
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Marriott International (MAR) – Get Report said Wednesday that it was extending to Oct. 2 furloughs that began earlier this year, as the world’s largest hotel company continues to suffer under the weight of the coronavirus-pandemic shutdown.Shares of the Bethesda, Md., company at last check were up 2.2% to $97.”Given the company’s expectation that prior levels of […]
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Mining equipment producer Bitmain has issued two concurrent statements regarding its disgraced co-founder Micree Zhan, confirming his ousting in October.The statements were posted on Bitmain’s Weibo page on May 27, both of them reiterating that Micree Zhan, the company’s former chairman and legal representative, was removed from his position by a shareholders’ decision on Oct. […]
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Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash proponents are now waiting for the completion of the codebase audit, as the […]
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Walt Disney (DIS) – Get Report shares traded higher Wednesday as the entertainment and media giant plans the reopening of Walt Disney World in Orlando, Florida. The stock opened at $123.68 Wednesday with the stock still below its 200-day simple moving average at $128.20.Florida Gov. Ron DeSantis must approve Disney’s plan to reopen the theme park making […]
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The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using the […]
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Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode.The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simultaneously, the […]
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The Bitcoin Origin Story In late 2008, around the time of the financial crisis, a ground-breaking post appeared on a little-known internet forum entitled Bitcoin: A peer-to-peer electronic cash system. It was written by a mysterious person called Satoshi Nakamoto, a pseudonym used to disguise the author’s true identity. Satoshi thought that the banks and […]
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JP Morgan Chase (JPM) – Get Report Chief Executive Jamie Dimon said Tuesday that he believed there are “pretty good odds” of a fast rebound from the coronavirus economic shutdown, starting in the third quarter, according to news reports.Shares of the New York bank were surging 6.9% to $95.60.Citigroup (C) – Get Report, Bank of America (BAC) – […]
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Bitcoin (BTC) faces a challenging week as $9,000 support fades and uncertainty increases after the halving — what should you look out for in the coming days?Cointelegraph’s weekly summary takes a look at five factors likely to influence Bitcoin’s price action in the short term. Miner outflows fuel BTC price pressureThe weekend’s trading saw fresh downside […]
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