Expectations Are Low, Stock Market Strategist Says It’s Time to Buy

Hindsight is 20/20, but one stock market watcher is willing to predict that stocks are not overbought. Canaccord Genuity Chief Market Strategist Tony Dwyer suggests that economic expectations are set too low, which gives the impression that conditions are worse than they are. For instance, if you look at signals such as the pace of manufacturing growth around the world, most recently in Germany, things look pretty dismal. So bad, in fact, that another recession could be on the horizon. Not so fast, says Dwyer. In this environment, monetary policy is ripe for easing, not tightening, which is the recipe

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Coinbase-Backed Stablecoin Claims Rivals Deceptively Pump Market Caps

Touted as the next big thing in crypto, stablecoins promise investors volatility-proof exposure to decentralized assets, but insiders say that this emerging asset class is vulnerable to the same manipulative practices that have tarnished the broader ecosystem. According to Nevin Freeman, chief executive officer of Reserve, a Coinbase-backed stablecoin, many of his rivals artificially inflate their market caps and trading volumes, creating misleading data on crypto-tracking sites like CoinMarketCap and The Stablecoin Index. Freeman identified two dubious tactics used by stablecoin operators to pump their metrics: giving discounts to investors who agree to lock up their funds for a set

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What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably dropped. The entrance of SBI Holdings into the mining market

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CBOE Trashing Bitcoin Futures Signals Crypto Market Bottom: Brian Kelly

Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market’s longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is ‘Exhausted’ Speaking on Tuesday’s edition of CNBC Fast Money, the BKCM Digital Asset Fund founder and CEO stated that he sees improvement in bitcoin address growth and market sentiment since December 2018 as evidence that the retail end of the bear market is “exhausted.” CCN recently reported that CBOE ditched bitcoin futures,

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Dow Crosses 26,000: Is the US-China Trade Deal Enough to Revitalize the Market?

Throughout the past five days, amidst reports about the Federal Reserve’s reluctance towards raising the interest rate, the Dow Jones has breached the 26,000-point mark for the first time since March 1. The Dow suffered early last week due to the steep sell-off of the Boeing stock, which is estimated to have cost the Dow more than 300 points but it briefly broke out of 26,000 points on March 19, showing signs of a potential short-term rally. While the Dow has slightly dropped to 25,887 points, on Tuesday, the WSJ reported that the negotiators of the U.S. and China scheduled

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Why Bitcoin Cash Surged 20% to Headline Booming Crypto Market

Bitcoin Cash plummeted 75 percent in the wake of the cryptocurrency’s hard fork fiasco in November 2018. But that is not stopping the asset from crawling its way back into positive trading territory and headlining this week’s crypto market rally. Bitcoin Cash Headlines Crypto Rally The BCH-to-dollar rate this week surged by more than 20 percent, jumping from a March 11 low of $ 128.65 to establish a weekly high at $ 166. According to the 24-adjusted timeframe, the Bitcoin Cash price moved 6.89 percent north against the general crypto trend on daily charts. On the other hand, leading coins, including Bitcoin,

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