Apple Realizes its iPhone Problem But Pivot Sees Major Challenges

Apple, the $801 billion electronics giant, is reportedly initiating major changes in its executive team by altering roles and establishing new strategies. According to The Wall Street Journal, the move is a response to the lackluster sales figures of the iPhone in key markets including China. Last month, Apple CEO Tim Cook released a public letter to investors describing the company’s struggle in China, mainly attributing it to geopolitical risks including the trade war with the U.S. Some analysts stated that the lower-than-expected sales of the company’s flagship product were largely triggered by the plateauing smartphone technology development. Smartphones have

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Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize

On February 11, Nasdaq, the world’s second-largest stock exchange, launched Bitcoin and Ethereum indices to present accurate prices of the two leading crypto assets. Nasdaq’s Bitcoin Index a Likely Precursor to Crypto Investment Products According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term. The analyst said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in

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The Dow is Surging, But This Legendary Analyst Warns the US Stock Market is on Shaky Footing

The U.S. stock market is seemingly in an ideal position to maintain its newly found momentum and extend its short-term rally throughout the upcoming months. The trade deal with China, which is widely considered to be the core catalyst of the U.S. stock market, has seen significant progress. Both countries have acknowledged the importance of a comprehensive trade agreement, and Chinese President Xi Jinping reportedly stated that the U.S. and China are “inseparable,” expressing his intent to reach a deal with the U.S. Louise Yamada Remains Skeptical of Dow’s 8-Week Rally However, on the technical side of the market, legendary

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Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains?

Bitcoin, bitcoin priceIn the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume

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Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?

Crypto, bitcoinHwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in the cryptocurrency market of South Korea, told a local publication in an interview that institutional investors are key in increasing the inflow of capital into the new asset class. In the past, prior to 2018, Hwang emphasized that it was virtually impossible for institutions to

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Dow Jones Winning: Why China’s Stock Market Surging For First Time in 3 Months is Crucial

For the first time in 3 months, the Chinese stock market has recorded a 3 percent increase triggered by the optimistic prospect of a comprehensive trade deal. The Dow Jones is nearing the 26,000 point mark after initiating a strong rally in the past two weeks. The solid movement of the CSI 300 Index, which replicates the performance of top 300 stocks in the Shanghai and Shenzhen stock exchanges, has shown that investors in Asia highly anticipate the trade talks with the U.S. to see significant progress in the weeks to come. The Dow Jones recorded a 1.3 percent rise

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Ethereum Surges 13% Overnight;: Crypto Market Punching For a Strong Recovery?

In the past 24 hours, the Ethereum price has increased from $124 to $141 by 13 percent against the U.S. dollar. Analysts foresee a strong short-term recovery ahead as the crypto market shows momentum. The optimistic price movements of major crypto assets in the likes of Ethereum, EOS, Bitcoin Cash, and Binance Coin have come during a period in which the sentiment in the near-term performance of the crypto market has become noticeably gloomy. Full-Fledged Crypto Recovery a Possibility? On February 17, prior to the recent rally of the crypto market, a cryptocurrency trader with an online alias “Mayne” stated

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$150 Million Scandal of Canada’s Biggest Crypto Exchange Sees New Twist in Dead CEO’s 2014 Interview

The recent scandal of QuadrigaCX in which Canada’s biggest cryptocurrency exchange lost $150 million worth of crypto shocked the financial space. It deteriorated the public image of the cryptocurrency sector overnight as analysts condemned the loss of hundreds of millions of dollars following the alleged death of CEO Gerald Cotten who had sole control over the company’s holdings and user funds. On February 16, Bloomberg reported that in 2014, Cotten emphasized the risk of storing Bitcoin private keys on a podcast and explicitly described the method utilized by the exchange to store funds. Cotten said once Bitcoin private keys are

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Bitcoin to Secure First Positive Month Since July 2018, When Will Stalemate Break?

For the first time since July 2018, Bitcoin (BTC) is on track to record its first green monthly candle, recording a positive month, According to cryptocurrency trader Josh Rager, if the Bitcoin price remains above the $3,414 mark by the end of February, BTC will establish a green monthly candle. “Bitcoin is working on its first green monthly candle since July 2018. The past 6 months Bitcoin has seen red on monthly, a break and close below $3413 will continue the red monthly trend,” the trader said. In the past two months, since establishing a 12-month low at $3,122, Bitcoin

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Breaking: Major Crypto Brokerage Coinmama Hacked, 450,000 Users Affected in Massive Worldwide Breach

Coinmama, one of the largest crypto brokerages in the global market with 1.3 million active users, suffered a security breach on February 15. The official statement of the exchange disclosed that 450,000 email addresses and passwords were leaked in a massive global hacking attack involving 24 websites and some 747 million records. The Coinmama team said: Today, February 15, 2019 Coinmama was informed of a list of emails and hashed passwords that were posted on a dark web registry. Our Security Team is investigating, and based on the information at hand, we believe the intrusion is limited to about 450,000

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Dow Surges 443 Points: Here’s What Xi Jinping Said That Lit the US Stock Market on Fire

On February 15, the Dow Jones surged by 1.74 percent, adding 443.86 points. Within less than 1 month, the Dow Jones has recovered from 24,065 points to 25,883 points, by a staggering 7.6 percent. Analysts were uncertain how the Dow Jones would react to the reported plans of the Trump administration to delay the U.S.-Chian trade deal deadline by 60 days to May 1. The prospect of a comprehensive trade deal may have significantly improved in the last 24 hours. Reports claimed corporate China has begun to face an increasing number of defaults, Didi plans to lay off 2,000 employees,

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Bloomberg Editor Says JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple; is XRP in Trouble?

On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoin called JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run. Joe Weisenthal, co-host of Bloomberg’s What’d You Miss? said: If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple. Think about it, let’s say you were in the business of transferring money, why would you take on the exchange rate volatility risk associated with having Ripple as a bridge currency, when you

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Will Dow Rally? Top Milken Economist Says China ‘Desperate’ to End Trump’s Trade War

According to Bill Lee, chief economist at the Milken Institute, China is desperate to land a trade deal with the U.S. and President Donald Trump to prevent more crippling defaults. That could be bullish for the Dow Jones Industrial Average and other U.S. stock market indices. The Dow Jones has already recovered in the past week due to rising optimism towards a trade deal, though it is trading in the red on Thursday. The struggle of corporate China could push the optimism further, allowing the Dow Jones to maintain its momentum throughout the week. As businesses in China continue to

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There’s 1 Similarity Among the Best-Performing Cryptos During Brutal 14-Month Bear Market

This week, Ryan Selkis, the founder of Messari, a crypto markets data platform, released the rankings of 25 cryptocurrencies he personally believes have been the most active in making gains. “I made a dashboard of 25 token teams that ship code relentlessly. A good alternative tracker to scrolling mindlessly through CMC,” he said. Somewhat expectedly, most crypto assets in the developer activity-based rankings have performed relatively well against the USD in contrast to the rest of the market, likely because developer activity is a good indicator of the price trend of cryptocurrencies. Developer Activity is a Fairly Accurate Indicator of

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Here’s How the Gov’t of Seoul is Using a Public Blockchain in the Real-World

The government of Seoul is using ICON, the largest blockchain project in South Korea by valuation, to process information, issue documents, and conduct a wide range of administrative tasks. On February 8, the Seoul Metropolitan Government moved forward with its plans to develop a blockchain ecosystem with the people of Seoul by creating the Seoul Blockchain Governance Team. The Seoul Blockchain Governance Team is composed of 40 college students, 30 normal residents, 20 blockchain developers, and 10 industry experts. The team will develop, test, and deploy distributed ledger-based systems in the upcoming months for the government. Ultimately, the Seoul Metropolitan

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Ethereum-Based Maker Surges 50% in 10 Days While Crypto Market Slumbers: What’s Fueling it?

Since February 4, the price of Maker (MKR), a crypto asset that represents a stablecoin, collateral loans, and decentralized governance platform on Ethereum, increased by exactly 50 percent against the U.S. dollar. In the same time frame, the valuation of the crypto market has slightly increased by 6 percent in a corrective rally fueled by the strong performance of Bitcoin and other major digital assets like Litecoin and Ethereum. Factors Fueling the Rally of Maker While Crypto Market is Stable In the last several hours, the price of MKR exceeded $700 on some cryptocurrency market data platforms. But, the price

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Dow Triumphs But a Skeptical Harvard Professor Warns of a Market Collapse

On February 12, the Dow Jones surged by more than 500 points by 1.49 percent following optimistic forecasts on U.S.-China trade talks. The S&P 500, Nasdaq Composite, and Dow Jones all recorded strong gains in the past month, recovering by nearly 6 percent in a short time frame. However, Mark Wu, a Harvard Law School professor, said that a full comprehensive trade deal by March 1 is highly unlikely due to a wide range of variables that could affect ongoing trade discussions. Dow Jones Could Feel Market Shock if No Trade is Established The U.S. jobs growth is strong, household

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Bitcoin Traders Turn to Derivatives in Droves: The Ultimate Sign of Crypto Winter?

Amidst the worst bear market in the 10-year history of the crypto market, Bitcoin traders have pivoted from long-term strategies to derivatives and options. According to a Bloomberg report, individual Bitcoin traders, as well as many initial coin offering (ICO) projects and investment firms, are engaging in over-the-counter (OTC) derivatives trading. Hundreds of Millions of Dollars in Bitcoin Derivatives Outside of the crypto exchange market, investment firms like QCP have actively been trading derivatives with other entities within the digital asset sector. The report revealed that QCP has initiated several multi-month call options with counterparties such as ICOs and miners.

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Crypto Rallies: EOS Surges 10% With Exceptional Strength to Hit $2.6 Billion Market Cap

In the last 24 hours, the EOS price has surged from $2.71 to $3.06 by more than 10 percent against the U.S. dollar, reclaiming its position as the 4th largest crypto behind Bitcoin, Ethereum, and Ripple. Last week, Litecoin overtook EOS following a strong 30 percent increase in price. The surge in the price of Litecoin was mainly attributed to fundamental factors that include active development of privacy solutions Mimblewimble and Confidential Transactions. Fueled by the momentum demonstrated by several major crypto assets in the likes of EOS, Ethereum, and Ripple, the valuation of the crypto market rose $2 billion

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Disgraced Crypto Exchange QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEO’s Bitcoin Wallet

On February 12, Ernst and Young (EY), the monitor of the QuadrigaCX case, released its first report with the Supreme Court of Nova Scotia. In it, EY stated that the exchange “inadvertently” moved $370,800 in Bitcoin to a cold wallet controlled by CEO Gerald Cotten, who passed away. The report of the monitor read: “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately CAD $468,675 to Quadriga cold wallets which the Company is currently unable to access.” “The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.” Throughout the past

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Mt. Gox Trustee May Have Crashed Bitcoin in 2018 by Dumping It on an Exchange, but There is Still Hope

Mt. Gox may have crashed the Bitcoin price in 2018 by dumping $321 million on an exchange.

The now-defunct cryptocurrency exchange Mt. Gox reportedly liquidated around $312 million worth of Bitcoin (BTC) throughout February and June of 2018 through a Japanese exchange called BitPoint.

GoxDox, an organization that was established to assist Mt. Gox creditors, released a photograph of a bank account statement on February 5 showing the alleged transactions sent from BitPoint to the Mt. Gox trustee led by Nobuaki Kobayashi.

Alleged Transactions Sent From BitPoint to Mt. Gox Trustee Led by Nobuaki Kobayashi

If the report of GoxDox is accurate, the trustee went out of his way to disregard the suggestion of Kraken CEO Jesse Powell, who explicitly told the trustee to refrain from selling the company’s BTC holdings. If needed, Powell previously said that the trustee has to liquidate the remaining Bitcoin funds on an over-the-counter (OTC) trading platform to minimize its impact on the price of Bitcoin.

It is possible that the trustee and the rest of the individuals dealing with the Mt. Gox case were rattled by the circumstances, prematurely liquidating a significant portion of the organization’s assets to move forward with the bankruptcy.

Was the dump of Mt. Gox the primary cause of Bitcoin’s crash in 2018?

According to GoxDox, the Mt. Gox trustee began to sell the exchange’s Bitcoin holdings starting in early 2018, possibly even before February. From early February to June, the trustee is said to have sold tens of millions of dollars worth of Bitcoin on a weekly basis.

The researchers said that the frequent wire transfers supposedly initiated from the bank account of BitPoint to that of the Mt. Gox trustee show the trustee’s intent to hide the transactions in an event of a security breach on the side of BitPoint.

The trustee likely expected a public backlash if it were revealed that the trustee had been selling large amounts of Bitcoin in the public cryptocurrency exchange market, putting the price of BTC at a significant risk of dropping.

“It seems fair to conclude that the reason for sending frequent wires was to prevent counterparty risk. A hack at BitPoint could expose the MtGox Estate to a loss and the trustee didn't want to get Goxxed. It follows that the trustee would have instructed BitPoint to wire JPY [Japanese yen] over as soon as he had it. This way, MtGox Estate assets wouldn't be exposed to any hacking incident at BitPoint.”

On May 2, based on the data provided by GoxDox, the trustee received 3,822,436,400 yen from BitPoint, worth around $34,845,330. From then on, at an interval of one to four days, the trustee continued to receive tens of millions of dollars from BitPoint.

Coincidentally, in the exact same time frame, the price of Bitcoin, which initiated a strong recovery from $7,000 to $10,000 from April to May, began to plunge. Since May 4, the price of Bitcoin began to drop substantially against the United States dollar. By the end of June, less than two months since the sell-off of Mt. Gox holdings began, the price of the dominant cryptocurrency dropped from nearly $10,000 to $5,912, by over 40 percent.

Bitcoin Price in 2018 and 2019

In February 2018, when the trustee started to sell BTC on a cryptocurrency exchange, Kraken CEO Jesse Powell reaffirmed that the company, which was hired to track the lost coins of the exchange, advised the trustee not to dump millions of dollars worth of BTC in the market.

“We were explicit about not dumping a large amount of coins on the market. Unfortunately, it looks like the trustee made their own decision or was taking advice from elsewhere — maybe whatever exchange they dumped those coins on. We had zero knowledge of these sales happening until it was announced at the recent creditors' meeting.”

The initial correction of the cryptocurrency market in January of last year may have been completely unaffected by the Mt. Gox situation, which cannot be confirmed due to the lack of information presented in the leaked bank statement of the trustee. Some analysts have suggested that the opening of the CME Bitcoin futures market crashed the price of the asset.

The San Francisco Federal Reserve wrote that the time frame of the decline in the price of Bitcoin aligned with the launch of the CME Bitcoin futures market.

"The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence. It is consistent with trading behavior that typically accompanies the introduction of futures markets for an asset.”

Others have said that the short-term bubble of BTC initiated by retail traders came to an end, and it was not caused by a specific set of factors.

But, from February onward, it is believed by traders that the unexpected liquidation of a large chunk of Bitcoin’s circulating supply had a drastic impact on the short-term trend of the asset.

The trustee was heavily criticized by industry experts including GoxDox researchers, who said that Mt. Gox creditors need to demand an explanation from the trustee to clarify the reasoning behind the dismissal of the advice of Kraken.

“Simple possession of a crypto license is not suitable criteria for selecting an expert. A non-expert judge's approval does not equate to a sound plan. Reliance on an appeal to authority is never a substitute for good judgment.”

How does Mt. Gox move on from here?

On Jan. 22, Brock Pierce, a cryptocurrency investor and the co-founder of Blockchain Capital, who played a vital role in the development of EOS, revealed an ambitious plan to revive Mt. Gox and to repay all of the creditors of the exchange.

While the exchange is said to have around $1.2 billion worth of Bitcoin, with the supposed sale of more than $300 million worth of Bitcoin in 2018, it remains unclear precisely how much BTC the exchange currently possesses. It is not possible, given the circumstances of Mt. Gox, to repay all of the creditors through the sale of the company’s existing BTC.

Instead, Brock Pierce, who claims to acquire Mt. Gox for 2 BTC from Mark Karpeles and Jed McCaleb in 2014, decided to try to reopen the exchange and pay the creditors using the equity of the company.

As a first step, Pierce condemned the work of the Mt. Gox trustee and prevented the trustee from liquidating the company’s holdings with his authority over the company, according to the official statement of GoxRising, a British Virgin Islands-based company established to oversee Mt. Gox:

“Acknowledging that the Mt. Gox trustee had done a laudable job of managing an unwieldy estate, the group suggested that the inherent limitations on the trustee's discretionary powers as a fiduciary, prevented him from maximizing creditor returns going forward.”

At the North American Bitcoin Conference (TNABC), Pierce further explained that the company intends to revive Mt. Gox through a unified Civil Rehabilitation Plan, a law in Japan that forces lenders of a company to change the terms of the loan. In the upcoming months, the company is expected to pay out $1.2 billion in BTC to creditors as fast as possible and move on with resuming operations.

One hurdle worth $16 billion

Mt. Gox could distribute its $1.2 billion Bitcoin holdings in the next two months and rush the process of obtaining a license from Japan’s Financial Services Agency (FSA) to begin operating as a regulated cryptocurrency exchange.

But blockchain incubator CoinLab reportedly filed a $16 billion claim against Mt. Gox, alleging Mt. Gox of breaching a contract with the company. Previously, CoinLab filed a $75 million lawsuit. Last week, according to a leaked document, the firm bumped up its lawsuit to a 16 billion claim.

CoinLab's $16 billion claim against Mt. Gox creditors

In an event in which the claim is approved by the court, even with a compromise, it could result in the loss of a significant portion of the exchange’s $1.2 billion holdings of BTC.

Following the filing of the complaint, Kraken CEO Jesse Powell expressed his disappointment.

Powell stated there are claims from insiders that the lawsuit is stopping the exchange from distributing the funds to creditors.

“I’m disappointed to hear that this lawsuit is responsible for holding up payouts, and that any judgement for CoinLab would be treated on par with the depositor victims. I think people are having a hard time getting their heads around the $75m+ claim given that common perception is that CoinLab never performed and owes $5m+ back to MtGox. If the deal had been carried out, it might be CoinLab on the hook for the shortfall of client deposits.”

The core issue with the lawsuit is that it is filed against the creditors of Mt. Gox, not the exchange itself. “This lawsuit today is not CoinLab vs. Mt. Gox, but CoinLab vs. the MtGox customers, now [current] creditors, who have done nothing to deserve being involved in this,” Karpeles said in 2017. As such, if the lawsuit continues on, it will be the creditors with the $1.2 billion holdings of Mt. Gox that will have to settle with the lawsuit for $16 billion.

Will creditors get their money back and could Mt. Gox continue to affect the price of Bitcoin?

If the $16 billion complaint filed by CoinLab remains as the only hurdle in settling creditor funds, it is likely that creditors will receive their share of the Mt. Gox Bitcoin holdings by the latter half of 2019.

The distribution of funds would primarily depend on the result of a court hearing or a settlement of the lawsuit and the outcome of the case could certainly affect the amount of BTC that is distributed to the creditors.

Once the $1.2 billion holding is distributed, then it will be in the hands of individual or retail traders. There still exists a possibility that the creditors could immediately sell the BTC in the exchange market, which may have a similar effect as the reported Mt.Gox’s trustee sell-off in February of last year.

But, it is highly improbable that the creditors would dump all of their newly obtained BTC in the exchange market in the short term, especially during a period in which BTC is demonstrating resilience in its low price range and is down by more than 80 percent since its all-time high.

Did TRON Acquire a Liability in $126 Million Purchase of BitTorrent? A Record 3,300 Lawsuits Hits Platform’s Users

According to The National Law Review and TorrentFreak, more than 3,300 lawsuits have reportedly been filed against BitTorrent users for copyright infringement. “Data collected by TorrentFreak from court records all over the country show that in the first half of the year, more than 3,300 separate lawsuits were filed. The majority of these cases list a single ‘John Doe’ defendant,” read a TorrentFreak report. A case against a single “John Doe” refers to a lawsuit filed against an individual suspected of downloading a piece of content on the peer-to-peer BitTorrent protocol without the authorization of the content creator. 🚨 BitTorrent

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Institutional Investors are Already Turning to Crypto: Should You Fear Missing Out?

Two public pensions from Fairfax County, Virginia’s Police Officer’s Retirement System and Employees’ Retirement System, have invested in Morgan Creek’s new $40 million crypto fund. Anthony Pompliano, a Morgan Creek general partner, said that it is the first case in which public pensions have invested in the cryptocurrency market. Apart from the two pensions, the fund is said to be financed by a university endowment, a hospital, an insurance company, and a private foundation. It raised a total of $40 million. Fairfax County Police Officer’s Retirement System chief investment officer Katherine Molnar said: “Blockchain technology is being applied in unique

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Trump Border Wall Deal May Have Just Rescued Dow Jones From Further Decline

The Dow Jones has demonstrated an underwhelming performance in the last seven days, deleting nearly 400 points in less than four days during which the market was open. On February 12, senior lawmakers on the House and Senate Appropriations Committees achieved a deal to build 55 miles of the southern border wall with a budget of $1.38 billion. The deal prevented a government shutdown from occurring by the month’s end and it is expected to ease the tension in domestic politics, which could fuel the appetite of both investors and companies to move the U.S. stock market forward. On Monday,

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Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley @narendramodi Rs. 15,000 crores. That's just remittance fees paid by Indians in a year. Crypto has the potential to bring down this cost to almost Zero. All this money could go to the people. Let's join the revolution & find solutions #IndiaWantsCrypto pic.twitter.com/zeNZ6FQgw7 — Nischal

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Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?

In the past two months, several traders who shorted Bitcoin from its all-time high at $20,000 have started to cash out in the $3,000 to $4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a year-long Bitcoin short contract. The trader shorted the dominant cryptocurrency since $19,665.39. At the time of reporting, the price of BTC remains just above $3,500. closing my $BTC short from 19,665.39 here — Cryptofungus (@crypt0fungus) February 11, 2019 The closure of the trader’s Bitcoin short follows the publicized cash out of former International Monetary Fund (IMF)

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$370 Billion Asset Manger Janus Says US Stock Market is Careening Toward Recession

According to George Maris, the co-head of equities of Americas at Janus Henderson, an asset manager with $370 billion in AUM, a recession in the U.S. clearly remains a near-term risk, which could fully reverse the bullish trend of the U.S. stock market. “It’s clear a near-term risk. If we can’t get trade negotiation results favorably, we’ve got weakening investment to look forward to. I mean there’s going to be a problem,” Maris said on Bloomberg Markets.  The Janus Henderson executive outlined geopolitical risks, domestic politics, and various uncertainties surrounding the U.S. stock market as the

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TD Ameritrade Says US Stock Market Stability is Luring Investors, But Here’s Why the Dow Might Not Bounce Back

Throughout the past two weeks, analysts have generally attributed the recovery of Dow Jones to technical factors, expressing skepticism toward the sustainability of the U.S. stock market rally. This week, Shawn Cruz, a trader strategy manager at $30 billion brokerage giant TD Ameritrade, said that the sentiment in the U.S. stock market has improved, especially among fundamental-based investors. “ giving the more fundamental-based investors faith coming back into the market, which is then driving what technical traders are seeing on their screen,” Cruz said, speaking to The Wall Street Journal. Can the Dow Jones Rally? Since

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Bitcoin Trading in Venezuela Just Hit an All-Time High Despite a 40% Price Premium

According to the data provided by LocalBitcoins, a peer-to-peer cryptocurrency trading platform, the weekly volume of Bitcoin in Venezuela achieved a new all-time high. Measured in Bitcoin, the weekly volume of the BTC-to-Venezuelan bolivar (VES) pair increased to 2,454 BTC. In U.S. dollars, that is worth $8.95 million per week and $1.29 million per day. Matt Odell, a cryptocurrency researcher, said that the volume would be higher if the 40 percent premium in the Venezuelan market is priced in. 2454 bitcoin weekly volume x $3650 = $8,957,100 this week ÷ 7 = $1,279,585 per day on average, higher if you

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Binance Coin Spiked 75% in 1 Month While Crypto Market Snoozed; What’s Driving its Rally?

Since January 14, the price of Binance Coin (BNB) has increased from $5.54 to $9.7, by more than 75 percent against the U.S. dollar. In the same time frame, the valuation of the crypto market dropped slightly by $3 billion from $124 billion to $121 billion. BNB has outperformed the rest of the crypto market by a substantial margin and has become a top 10 cryptocurrency for the first time in its history after recording a 6 percent gain on the day. What’s Pushing Binance Coin Up and What’s the State of the Crypto Market? The primary contributing factors of

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