Here’s What Will Trigger the Next Mammoth Bitcoin Rally

By CCN: According to a new survey conducted by a gold investment research firm, most retirees in the U.S. are aware of bitcoin and cryptocurrencies but are not interested in investing in the asset class. More than 56 percent of respondents said that they are aware of the existence of bitcoin but have not considered investing in it, and 32.9 percent have said that they are not aware of the asset class. Based on the official data provided by the U.S. government, there are approximately 47.8 million retirees in the U.S. and it remains a large market for various asset

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We Can’t Count on Fiat Forever – Here’s How Crypto Can Help

At I write this, one dollar is worth .89 Euros, 110.8 Japanese Yen, and .77 British Pounds, but the exchange rates are likely to be different tomorrow, or even in the next five minutes. Such is the uncertainty we must accept when it comes to the value of fiat currencies. The only means available to us for measuring the value of money is by comparison to other currencies, hence why the value of the Euro, Japanese Yen, and British Pound are compared to the US dollar as opposed to a Somali Shilling (at the time of this writing worth $ .0017).

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Here’s the Outrageous Tax Bill for Wisconsin’s $768 Million Powerball Lottery Winner

One lucky person in Wisconsin just won the $ 768 million Powerball Lottery. But it comes with a catch: one hell of a tax bill. The quarter-of-a-billion dollar win is believed to trace back to just one ticket in Wisconsin which matched all six numbers on Wednesday night. The chances of doing so are one in 292.2 million. With no winning ticket since December, the prize pool is the third-largest in US history.  The lucky winner will now choose between the $ 768 million jackpot paid out over 29 years or a lower cash prize of $ 477 million. Both are subject to

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Snap Stock Surges 12%: Here’s Why You Shouldn’t Trust This Rally

Snap. Inc shares are soaring after analysts at BTIG have turned bullish on the outlook for Snapchat. Up more than 12% on the day, there were a couple of notes from BTIG analyst Richard Greenfield that got volumes surging in the fledgling tech company. In my view, the logic of his reasoning could be sound in the near term, but his $ 15 price target looks a stretch, and he could potentially be misunderstanding what is really going on with SNAP. BTIG Upgrade Snap Inc. Price Forecast to Bullish from Neutral Here are some soundbites from his opinion and why they

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Here’s Why Stellar (XLM) Price Jumped 11.20% in Three Days

Stellar’s crypto asset XLM is pursuing a steady uptrend since March 7. As of 1100 UTC, the XLM-to-dollar rate was trading at 0.093, up 11.20-percent from its March 7 low. The pair today posted circa 4-percent gains, according to a 24-hour adjusted timeframe sourced at CoinMarketCap.com. At the same time, the Stellar XLM market recorded $ 155 million worth of trading volume, maximally against Tether’s stablecoin USDT, BTC, a mysterious dollar-pegged coin CKUSD, and South Korea’s KRW. One should take notice that ZB.com, a China-based crypto exchange, hosted the maximum XLM trading volume. The trading platform has been alleged previously for wash

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Here’s What Skeptics of Tesla’s $35,000 Model 3 Aren’t Saying

Over at CNN Business, they’re asking: is this week’s arrival of a $ 35,000 Tesla Model 3 “too little, too late?” How did they come up with such a negative question to ask about the Tesla Model 3? Despite the six to nine month waiting list for a new Tesla, which is down from prior wait times of 12 to 18 months, people are still lining up with a $ 1,000 cash deposit to wait months for the electric vehicle: “Tesla said the new wait time for both its long-range and dual-motor version and its performance version of the Model 3 is now

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This Wall Street Analyst Forecast Tesla’s Dominance. Here’s What He Says Will Shake up the Auto Industry Next.

Adam Jones, Global Auto Analyst at Morgan Stanley, warned that the production of an electric vehicle by either Tesla or Rivian could be bad news for traditional car makers in Detroit. Why? This wildly profitable segment of the vehicle industry is one that auto companies don’t mess around with. Amazon Plunks Down Major Cash to Invest in Tesla Competitor Rivian As CCN reported, Amazon led a $ 700 million funding round in Tesla rival Rivian Automotive LLC. According to the reports, while GM wasn’t included in the round as previously speculated, analysts expect the automaker to inject funds into Rivian in

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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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