Bitcoin (BTC) hit $9,400 on May 28 in its latest attempt to upend a downward trend which had seen $8,640 lows just days before.Cryptocurrency market daily overview. Source: Coin360BTC price: 3-day gains near 8%Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD retaking new ground in Thursday trading, with daily gains at 3%.At press time, $9,400 […]
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Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported.Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans to startups, which could be converted into shares.The central government had already unveiled a $158.6 […]
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Tech and social media stocks slipped lower Thursday, led by an extended decline for Twitter Inc. (TWTR) – Get Report, after White House officials said President Donald Trump would sign an executive order aimed at curbing the industry’s influence. Bloomberg said the order could increase the litigation risk for social media companies by having the Federal […]
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The Kleiman estate’s legal team has entered into evidence this week’s revelation that 145 addresses claimed by Craig Wright are not controlled by him.They filed a notice of supplementary evidence supporting their motion for sanctions against Wright earlier this morning, adding to their laundry list of complaints against the Satoshi-claimant.They said the new evidence further […]
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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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