Speaking to Yahoo Finance, Mashinsky stated that bitcoin would keep surging terming the crypto as the best performing asset class over the last decade. Furthermore, he blasted Musk and Tesla for double standards on suspending bitcoin after the asset contributed significantly to the company’s last quarter results. According to Mashinsky: With Tesla suspending bitcoin payments over environmental concerns, Mashinsky noted that Musk would not be having the PR nightmare if he had selected other assets like ADA....

One of the elements that might signify a shift in the price of the flagship digital asset in either way is the amount of money that is flowing out of and into cryptocurrency exchanges, and Bitcoin has lately seen a significant outflow from these platforms. Notably, on April 14, Bitcoin experienced its largest exchange outflow in five weeks, with as much as 25,878 or $1.04 billion BTC leaving crypto exchanges in just 24 hours....

His sentiments come after the Bitcoin price surged by 4.88% to $19,297 at the time of writing. In a tweet, he shared his delight of investing in Bitcoin early since he views a bright future for the asset. With the cryptocurrency space witnessing a surge of institutional investors, Kiyosaki called on investors who missed out on Bitcoin to buy Silver. The author predicts a rise in Silver price if the United States adopts the Green New Deal bill fronted by Rep....

While Canadian marijuana companies have grossly underperformed the markets ever since cannabis was legalized for recreational use, their counterparts south of the border have been on an absolute tear. Here, we take a look at three profitable pot stocks that may continue to derive outsized returns in 2021 and beyond. Green Thumb Industries (GTBIF) The first pot company on the list is Green Thumb Industries, a stock that surged over 150% in 2020....

Namely, according to the latest 13F filing of Scion Asset Management, his hedge fund, Burry has made some strategic moves with options as well as bought heavily into four 4 companies that he believes are either undervalued at the current prices or are maybe poised for a solid 2022. Booking Holdings Inc. (NASDAQ: BKNG) Presently, this stock holding is the second largest in Scion’s portfolio right after put options on Apple (NASDAQ: AAPL)....

Data provided by crypto intelligence platform IntoTheBlock indicates that as of June 29th, about 86% of Ethereum holders are in profit, while the figure is almost half of Cardano’s 45%. Notably, despite Ethereum’s returns, two market signals indicate that the asset is in a bearish mode. By press time, the number two ranked cryptocurrency is trading at $2,178, surging by 8.75% in the last 24 hrs. Elsewhere, Cardano is up 7....

Apple also said they will raise their share buyback program by $90 billion and boost the quarterly dividend by 5% to 23 cents per share. Shares rose slightly more than 3% in the after-hours session. Year-to-date (YTD) the shares have fallen nearly 13% amid a broader decline in tech stocks, yet have performed slightly better than peers. With higher trading volume the shares could go up to form a resistance line above the 20-day Simple Moving Average....

Despite the US-China trade war, Alibaba shares managed to generate some gains during the second and third quarters. However, the largest Chinese e-commerce giant’s stock price reversed the majority of gains this month after Chinese regulators shelved the record-breaking Ant Group IPO and launched an anti-monopoly investigation into Alibaba. Ant Group counts Alibaba as a major shareholder with a 33% stake. Alibaba shares underperformed in 2020 Regulatory concerns have supported the latest share price selloff....

Furthermore, the advertising side of the business rose by 18%, posting revenues of $8.76 billion. The downside on the bottom line was filled with impacts that steered the quarter towards a $2 billion loss or -$0.20 EPS. This is due to AMZN’s stake in Rivian Automotive (NASDAQ: RIVN), which included a charge of $3.9 billion. AMZN chart and analysis The recent move has moved the support line to $125.51 and the resistance to $139....

The latest sell-off, which has erased almost 15% of AAPL stock value from an all-time high, has entirely been backed by rising bond yields and investor’s shift towards underperforming value stocks. On the positive side, the recent sell-off along with robust December quarter financial numbers have also helped in soothing Apple’s stock price valuations. Shares of Apple are currently trading around 32 times to earnings and 7 times to sales, down from the 2020 average of 40 and 8....

Meanwhile, Saudi Arabia decided to hike July crude prices, possibly signaling that there will be strong demand for oil. Furthermore, the state-owned oil producer Saudi Aramco plans to hike oil prices for European and Mediterranean buyers, leaving prices for U.S. customers unchanged. With such a backdrop, oil exploration stocks could benefit, and as a result, Finbold identified one promising stock that could benefit from the uncertainty surrounding oil. Callon Petroleum Company (NYSE: CPE) Callon Petroleum might be one of the companies that will have to ramp up oil exploration, drilling, and processing efforts to make up for the rising energy costs....

The fundraising efforts come when the bank is leveraging on the mortgage and business lending to spur profitability. The company has already seen its mortgage portfolio register profitability. Atom states that during the second half of the 2020/21 financial year, it added £362m mortgages. The statement adds that the bank has loaned £2.8 billion to UK mortgage customers since April 2016. Atom Chief Executive Officer Mark Mullen confirms the targeted funds will drive growth....

Indeed, 13% of Canadians owned Bitcoin in 2021, a significant increase from only 5% recorded the year before, according to the Bank of Canada’s recent survey, the results of which were published on June 9. Canada’s central bank has stated that, on average, holders of Bitcoin owned about $500 worth of the flagship digital asset. However, they are treating it mostly as a speculative investment rather than a payment method....

In an interview with the BBC, Cunliffe stressed that most of the risk emanates from the volatility of digital assets while acknowledging that cryptocurrencies like Bitcoin are increasingly becoming mainstream. According to the official, in the event the value of the assets plunges sharply, it will be upon the institution to contain the effects. To mitigate the risk, Cunliffe proposes the enactment of standard regulations to govern the sector. He noted that the sector’s growth is highlighted by factors like fund managers exploring if they can include cryptocurrencies in their portfolio....

Notably, cross-border claims on Russia were about $90 billion at the end of 2021, which is down 48% compared to 2014, while still most of the outstanding claims are accounted for by European banks. The four largest lenders, UniCredit, Societe Generale, Citi group, and Raiffeisen, disclosed a combined Russian exposure of $57.2 billion, which is a stake that will probably have to be absorbed by capital buffers. Reduction of exposure After the events in 2014 when Russia annexed Crimea, cross-border claims by European lenders have slowly declined....

In particular, prominent crypto trading analyst Ali Martinez said on September 12 that the ‘bottom could be in’ for Bitcoin after seeing that the number of new daily addresses continues to climb, as seen in the 7-day Moving Average (MA) chart. Martinez made this statement. Martinez believes a sustained climb over 415,000 BTC addresses may be required to validate the optimistic forecast. In comparison, another trading specialist Altcoin Sherpa is keeping a close eye on signals which could see Bitcoin retracing suggesting the bottom may not be in after all; Sherpa notes: Sherpa also observed that the price of Bitcoin will be determined by how it closes in the four-hour time frame; if the markers see anything positive, the price will most likely increase to above $23,000 with ‘haste....

Estimates provided by the cryptocurrency data website Buy Bitcoin Worldwide indicate that as of May 22, 2021, bitcoin was last down 2,994 days ago. The first downtime was recorded in 2010 following a value overflow incident where two bitcoin addresses were erroneously allocated 92.2 billion coins. As a result, the blockchain suffered an eight-hour 27 minutes downtime. Following the downtime, a minor network update resolved the faulty transactions. In 2013 (the second downtime), the network went down for six hours and 20 minutes after some miners rejected a block....

Ebang in its filing with the U.S. Securities and Exchange Commission had ascertained that it is looking forward to listing its shares on NYSE and Nasdaq Global Market. The proceeds from the IPO will go towards the introduction of new mining machines, refurbishment of current ones, focussing on corporate branding through diverse marketing activities and a focus on global brand building for promoting business at a world level. The enterprise has provided to its underwriters the additional right to purchase nearly 2,889,650 additional Class A ordinary shares....

According to data shared to Finbold by cryptocurrency trading simulator Crypto Parrot, Bitcoin mining revenue surged 179.4% in 30 days between June 27 and July 26, from $13.06 million to $36.49 million. For the 30 days, the cumulative revenue stood at $841 million. The increase in revenue reflects Bitcoin’s ability to remain resilient amid the negative press. Notably, the revenue is still in the shadow of profits from early this year....

Despite the potential downsides to economic growth, the financial markets are anticipating that Powell will emphasize the sustained need for aggressive interest rate rises to battle inflation. However, the fact that selling pressure has been building up in Bitcoin (BTC) in the days leading up to the event suggests that the market may have already included this anticipation in its prices. Bitcoin prices are slightly up in early U.S. trade on Thursday, August 25, trading at $21,676, up 0....