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“# Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods’ 50th anniversary ” Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Monday. The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior…
“#Amazon Removes Policy That Stole Employees’ Personal Game Projects » OmniGeekEmpire” In one hell of bizarre news, Amazon had a policy that allowed them to basically steals Employees’ personal game projects. However, that has been rectified! According to Game World Observer, James Liu, a software engineer at Google, has shared a piece of Amazon’s employment contract. The…
“# Ethereum is becoming ultrasound money, ConsenSys founder says ” ConsenSys founder and Ethereum co-founder Joseph Lubin has implied that Ether (ETH) is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC on Thursday. During an interview with Bloomberg TV, Lubin was questioned on the imminent Ethereum…
“# $60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts ” Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. A screenshot from McGlone’s latest analysis on the flagship…
“# $13K Bitcoin price predictions emerge with BTC falling below historic trendline ” Bitcoin (BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020’s crypto market crash. Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have…
“# ‘Discounted’ Bitcoin more likely to hit $100K than $20K in 2021, says Bloomberg analyst ” Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K in…
“# Billionaire Carl Icahn says he may drop up to $1.5B into crypto ” Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an investment of around $1.5 billion. Icahn is an investor and former advisor to the Trump…
“# r/Wallstreetbets re-bans crypto discussions following Bloomberg article ” r/Wallstreetbets, or WSB, a subreddit famous for organizing a pump for Dogecoin (DOGE) and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced Thursday that WSB has now banned crypto discussions forever, following…
“#Reuters is adding a paywall to its website” Hoping to join the cash-for-content world of its media rivals, news service Reuters announced plans to put its website behind a paywall. The move comes as Reuters.com will be given an overhaul that its chief marketing officer, Josh London, called “the largest digital transformation at Reuters in…
“# Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K ” Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and…