Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.” In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD. Bitcoin price plays catch-up with metrics While Bitcoin has still not established $50,000 as firm support, on-chain
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While bitcoin prices have risen in value during the last two weeks, bitcoin dominance levels have slipped to lows not seen since the June 6 low of 41%, and the dip to 39.97% on May 16, 2021. Depending on the crypto market price aggregator leveraged, bitcoin’s dominance has been between 39.99% to 41.52%. Meanwhile, as
The catastrophic remnants of Hurricane Ida snuck up on Northeast states Wednesday, catching officials and the general population off-guard. But such a storm, still delivering massive amounts of rain more than 1,300 miles from its Louisiana landfall, is no outlier, one New Jersey climate official warned. “It may be a different animal, as you put
Ontario-based First Cobalt (TSX-V:FCC) said today it closed $45 million in financing mostly debt financing. Funds will be used to recommission a hydrometallurgical refinery located in Ontario, Canada. “With the completion of this financing, the First Cobalt project team can now accelerate long lead equipment orders for our Canadian battery materials refinery as we pursue
If history can teach us anything, it’s that humans don’t learn from history… by Mac Slavo of SHTFplan If history can teach us anything, it’s that humans don’t learn from history. In the spring of 2020, hoards of unprepared sheep stampeded into grocery stores and department stores to buy every last roll of toilet paper
After Chewy, Inc. (CHWY) reported that it has missed analyst expectations for its fiscal second quarter earnings results, option traders are taking actions that suggest that they think the share price will move lower in the future. This may come as no surprise, considering the share price fell 9.2% the day after the announcement. Chewy
British independent schools face fresh pressures on expanding their links with China as the authorities tighten restrictions on foreign influence in the education system and seek to more than halve the number of children educated privately. Restrictions on visas for foreign teachers are also contributing to a slowdown in the establishment and expansion of private
It was Charlie Munger, Warren Buffett’s partner in quotable business aphorisms, who once quipped: “Show me the incentive and I will show you the outcome.” So it is no surprise that, over the decades in which the consensus set in that a chief executive’s main job was to create value for their shareholders, boards began
Netflix (NFLX) has witnessed extremely impressive growth over the past years. The pandemic-related restrictions have been a boon for the video streaming platform as more consumers shifted towards video-on-demand services. Netflix saw a significant increase in its subscriber growth both in the U.S. and worldwide. However, the global market is now saturated with several other
Sharing is Caring! Via USA Watchdog Legendary investor, economist and market forecaster Dr. Marc Faber thinks central banks (CB) are not going to cut back the money printing. Just the opposite. He predicts CBs are going to print even more money at a faster pace to hold the failing economic system together for a little
Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to the possibility of crypto donations as the world embraces crypto. For blockchain entrepreneur Wendy
On September 3, the decentralized exchange (dex) aggregation platform 1inch announced the project has partnered with the animated series “Take My Muffin.” The multimedia animated series aims to be co-created by the crypto community and created by a professional animation studio. 1inch Network Sponsors ‘Take My Muffin’ Animated NFT Series A new animated non-fungible token
By Kelli Thompson, Next Avenue For nearly eight years, I worked as a hiring manager and HR professional for financial services and technology organizations. My experience confirms what a lot of emerging data on the pay gap reveals — women are often more hesitant to apply for well-paying jobs, and negotiate less often, than men. As
In a prolonged low-interest-rate environment, many issuers may have paid little heed to arbitrage on bond proceeds. But that could change, and municipal advisors and bond counsel are staying vigilant on their clients’ behalf. “Declining interest rates make it generally easier to manage arbitrage,” said Adam Harden, partner at Locke Lord in Texas. “Post-issuance compliance
Armadale Capital plc (LON: ACP) said today it received its mining licence for its 100%-owned Mahenge graphite project in south-east Tanzania from the Tanzanian Ministry of Energy and Minerals. The company said that a definitive feasibility study shows a pre-tax net present value of $430 million, internal rate return of 91% and payback period of
We live in unprecedented times… by Ron Paul of Ron Paul Liberty Report We live in unprecedented times. Never has the entire world faced authoritarianism on this scale before. Never has there been a financial bubble of this magnitude, that also encompasses the entire world. Naturally, a bust of the magnitude that we are facing
After Campbell Soup Company (CPB) reported that it had exceeded analysts’ predictions for its fiscal fourth quarter earnings results, option traders are taking actions that they think the share price will move higher in the future. This may come as no surprise considering that the share price rose 2% the day after the announcement. Campbell
For a man who has lost count of the number of patents to his name and who has helped build and transform multiple products and businesses, Paul Davis left school at 16 with a record distinguished only by the fact that it was unremarkable. “I was just jogging along. I didn’t have a hunger to
In Lagos, Nigeria’s commercial capital, a software coder bills her client in London and is paid in bitcoin, sidestepping a costly banking system and the naira currency’s miserly official exchange rate. In São Paulo, Brazil, a dentist puts his monthly savings into an exchange traded fund investing in a basket of cryptocurrencies that is the
Market participants may have misinterpreted comments by U.S. Securities and Exchange Commission Chair Gary Gensler about payment for order flow. Gensler told Barron’s that a ban on that practice is “on the table” because it generates “an inherent conflict of interest.” Shares of Robinhood Markets Inc., Charles Schwab Corp. and other brokerages most dependent on payment for
Sharing is Caring! BY JOHN RUBINO Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second, large numbers of traders, who have grown used to seeing everything they buy go up, start chasing “innovations” with exciting stories but
Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as a
According to a recent report, the National Football League (NFL) advised teams that they could not, at least for now, sell non-fungible tokens (NFTs) and sponsorships to digital currency companies. Advertisements for specific crypto assets were mentioned alongside initial coin offerings (ICOs), according to various club sources who remained anonymous. Anonymous Club Sources Disclose the
California received an outlook boost to positive from S&P Global Ratings as the state prepares to sell more than $2 billion of general obligation bonds. The deal will land the week of a Sept. 14 recall election targeting Gov. Gavin Newsom. But California’s surplus and budgetary changes that occurred after the 2008 economic crash will
Most people look forward to retirement. It’s an opportunity to spend a lot of time having “fun” – something that a hectic, executive-level job never affords. For others, it is frightening. What will you do with all of the free time? Once you get within 10 or 15 years of retirement, these questions pop up
Sprott’s uranium trust is partly credited with lifting the metal, according to RBC Dominion Securities. The bank published research yesterday noting the rise in uranium prices. Bellwether Cameco is up 18% for the week to $21.39 a share. The company is also up 60% for the year. Juniors and developers are up sharply, too. In
The “good times” were supposed to be rolling by now, but instead the wheels are starting to come off… by Michael Snyder of The Economic Collapse Blog The “good times” were supposed to be rolling by now, but instead the wheels are starting to come off, and the economic outlook for the rest of the
A checking account is a useful tool for paying bills and covering expenses when using a debit card. Thanks to online and mobile banking, it’s easier than ever to track debit and credit transactions. But how often should you monitor your checking account? According to a Lexington Law survey, 36% of Americans say they review
Two years ago, Denis Bukalov mobilised support on social media to block construction of a Chinese-funded water-bottling plant on the shore of Lake Baikal. Now the environmental activist has set his sights on a political career as he steps up his attempts to protect the world’s oldest, largest and deepest body of fresh water from
The board of the Kansas City Southern railroad is reconsidering a $27bn offer from Canadian Pacific, despite an agreement to sell the company to a rival, after a US regulator rejected how the earlier deal was structured. The board of the railroad, which is headquartered in Kansas City, Missouri and runs between that city and