3 Reasons Why Gold Just Crashed

Gold experienced a ‘flash crash’ on Tuesday after several weeks of massive gains. The metal is under pressure as the pandemic situation normalizes and stimulus negotiations fall through. While gold investors face near-term pain, the metal’s bullish long term thesis remains intact. On Tuesday, gold plunged 4.6% to $1,946–its biggest single-day decline in seven years. […]

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Kylie Jenner, Not COVID-19, Is to Blame for the S&P 500’s Weakest Stock

The worst-performing stock in the entire S&P 500 is Coty Inc. Despite a massive recovery in rivals like Estee Lauder and L’Oreal, the beauty company has hugely unperformed the U.S. stock market. Controversy surrounding Kylie Jenner is likely the cause; can a partnership with Kim Kardashian-West save the day? After tumbling 60% from its open […]

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How True Anonymity Made Darkcoin King of the Altcoins

If you’re looking to conduct truly anonymous transactions, bitcoin isn’t the perfect digital currency to use. While personal identities are not shared via the bitcoin network, it is still possible to identify wallet addresses and follow transactions through the block chain. For a real anonymous coin, you’ll need to turn to darkcoin, a digital currency […]

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The Dow Skyrocketed Today – But Wall Street’s Ignoring a Brutal Risk

The Dow Jones rose more than 300 points today. Disney and Boeing posted enormous rallies, helping to support the Dow despite weakness in Apple and Microsoft. Stock market bulls appear to be ignoring some worrying trends in U.S. employment data. The Dow Jones roared higher on Wednesday, propped up by a massive rally in Disney […]

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UNDP Partners With Crypto Startup on Solar Power Pilot

Blockchain startup Sun Exchange has partnered with the United Nations Development Programme (UNDP) on a pilot program that seeks to bring solar power to a university in Moldova. The solar cells will be owned by individuals around the world and leased to the recipient university, which allows the school to save on the costs of […]

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Market Wrap: Bitcoin Clings to $11,000 as Ether Futures Top $1B

Bitcoin was little changed at around $11,000 with lower spot volumes as traders eye growth in the market for ether futures. Bitcoin was little changed at around $11,000 Thursday as traders digested reports the U.S. economy shrank during the second quarter at the fastest pace on record, and that President Donald Trump is wondering if […]

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Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency

Never mind the cute Shiba Inu of dogecoin, people in Japan are falling for a new Internet meme-based cryptocurrency – the locally invented and cat-logoed ‘monacoin’. While it has only about a third the market cap of dogecoin, the scrypt-based monacoin held a 12th place ranking for the past week on Coinmarketcap and was in the top 10 on Cryptocoinrank with a […]

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Elon Musk’s Stimulus Idea Is Great for the Stock Market

Elon Musk doesn’t want another stimulus bill. The Tesla billionaire wants direct payments instead. Whether you are a small business or a stock market tycoon, Musk is spot on. Elon Musk is not a fan of government stimulus packages. The Tesla boss wants more direct payments to consumers, and in this instance, he’s exactly right. […]

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Central Europeans Are Beginning to Wake Up to Cryptocurrency Payments

BitBay, a Katowice-founded, Malta-based cryptocurrency exchange, released a survey of Polish cryptocurrency users in an attempt to “create a portrait of this community.” The answers may astound. The central questions asked in the survey are: who uses cryptocurrencies… and how? At this point, it should be disclosed that BitBay is the corporate owner of BitBay […]

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Tesla Stock Is Crashing – And the ‘Dumb Money’ Is Buying the Dip

Tesla stock has plunged more than 20% from its highs this week. Even as Wall Street analysts warned about the bizarre disconnect between share price and fundamentals, Robinhood traders went all-in. They’re about to learn the hard way about the counterintuitive effects of a “short squeeze” and the inevitability of mean reversion. After doubling its […]

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