MMM Global shuts Republic of Bitcoin Coinfox

Stablecoins Are Not as Safe as You Think. How Your USDT, PAX, BUSD Get Frozen in a Moment

Stablecoins Are Not as Safe as You Think. How Your USDT, PAX, BUSD Get Frozen in a Moment
Being created on the basis of blockchain, stablecoins were considered to be a safe haven for investors… until recently. Why is their immunity elusive and how does the Financial Action Task Force (FATF) plan to control them?
Established in 1989 by the G7, the FATF inter-governmental organization develops policies to resist money laundering and financing of terrorism. It sets standards and implements legal and regulatory measures to combat illegal financial transactions.
They developed recommendations for the monitoring of money laundering and keep revising them regularly. In case of non-compliance, law enforcement is executed via regional financial organizations. As of 2019, there are 39 full members of FATF, including the USA, UK, Australia, most EU countries, Singapore, India and the Russian Federation.
Since 1st July, the FATF organization has been headed by Marcus Pleyer. During the last FATF meeting, the new president expressed his concerns about global stablecoins and organizations that issue them. Although the organization had already dealt with these cryptocurrencies, it highlighted that, “it is essential to continue closely monitoring the ML/TF risks of so-called stablecoins, including anonymous peer-to-peer transactions via unhosted wallets”.
Is it ever possible to control crypto wallets that are not hosted on online exchanges? – you’d ask. We’re used to the fact that cryptocurrencies are outside the reach of banks and governments. However, when it comes to stablecoins, things are different.

It’s in the code

What makes stablecoins special is that they are pegging to fiat currency, for example, 1 TUSD = $1 USD. This means that such assets should be backed up by real money stored in the bank accounts of the issuing organization. Consequently, stablecoin creators need to comply with the requirements of the SEC, FATF and other controlling agencies, if they are to operate in the cryptocurrency sphere and be authorised to sell stablecoins. Transparent reports are not the only requirement, stablecoins must also provide the possibility of account blocking.
Surprisingly, this feature is implemented in each stablecoin. The experts from QDAO DeFi are covering several stablecoin protocols that enable this function.

OMNI-based USDT

Issued by Tether Limited, USDT is a stablecoin that was originally created to be worth $1 with each token backed by a $1 real fiat reserve. The currency was successfully promoted and added to major cryptocurrency exchanges but stayed a controversial asset. Despite the claims of Tether Limited, they failed to provide any contractual right or other legal claims to guarantee that USDT can be swapped for dollars or be redeemed.
In April 2019, Tether’s lawyers explained that each USDT was backed by only $0.74 in cash or equivalent assets. No audit of dollar collateral was done. A month before that, it changed the backing to include loans to affiliate companies. The scandal also involved the Bitfinex exchange that was accused of using USDT funds to cover $850 million in funds lost since 2018. They were also accused of manipulating USDT to push the BTC price.
Tether is available on five blockchains: Omni, Ehereum, EOS, Tron and Liquid. Only the latter does not have a freezing feature. Omni was the first protocol for USDT. Blocking of users’ accounts is possible, thanks to the following piece of code:

https://preview.redd.it/uqho45l33om51.png?width=690&format=png&auto=webp&s=c0feebdae086b0deeccde05278eaf3cc760f9e2b
Apparently, it’s used to blacklist addresses and contracts.

PAX

The concerns about PAX were centered around the notorious MMM BSC Ponzi scheme. Before the widespread adoption of DeFi services, it was the second-largest gas consumer after Ethereum. Out of 25,000 daily transactions, 5,000 were performed by MMM BSC. It was reported to be a scam but none of the accounts were frozen. Does it mean PAX lacked the resources to regulate illicit activities?
Evidently, not. The protocol code has a LAW ENFORCEMENT FUNCTIONALITY function that allows for the freezing/unfreezing of contracts or burning assets on blacklisted accounts. It turns out, anyone risks having their PAX coins destroyed during an investigation process while their accounts stay blocked.

History of frozen accounts

In 2019, the ZCash Foundation and Eric Wall conducted research on the privacy of stablecoins and revealed several frozen addresses. It’s not clear why exactly they were blocked. Most probably, it happened shortly after the exchange withdrawal – users took this action after witnessing platforms being hacked.

https://preview.redd.it/pkbruqm83om51.png?width=838&format=png&auto=webp&s=b068c5b8c5e5439892eaf5feefa3fbc93c694c8c
USDT was implicated at least twice in scandals to do with freezing. In April 2019, about $850 million in Tether dollars sent by Crypto Capital Corp. were frozen by a New York court. Tether and Btfinex were accused of participating in a cover-up to hide about $850 million worth in clients’ funds. By July 2020, Tether had frozen 40 Ethereum addresses with millions of USDT (some of them are shown in the screenshot above).
The Centre Consortium was the next to follow their lead; about a month ago, it blacklisted an address with USDC worth $100,000. That was done in response to law enforcement.
Yet, it’s not only Europe and the USA imposing control over cryptocurrencies. Since June 2020, the Chinese government managed to block several thousands of users’ bank accounts. It was done to resist illicit activities, especially money laundering. On some of those accounts, no activity had been detected for several months. Meanwhile, prior to April 2020, Chinese residents moved over $50 billion worth of crypto outside the country borders – more than is officially allowed (a maximum of $50,000 per person).
The authorities claim that USDT and other stablecoins are often used in illegal activities. Together with the People’s Bank of China (PBOC), they are developing new ways of investigating digital crimes and money laundering operations involving exchanges and crypto wallets. Local financial bureaus and police are working tight-lipped about investigating startups and crypto exchanges. And they are succeeding at it.
In July 2020, Chinese authorities confiscated BTC, ETH and USDT worth $15 million from people who allegedly ran a fake cryptocurrency scheme.
By the way, not only corporate accounts are being closed. One investor claims his account had been frozen after using yuan to purchase crypto. Also, users who transfer illegally obtained money outside of the mainland in large amounts are under suspicion. Does it mean the Chinese government has started tightening the screws on cryptocurrency users?

DAI, USDT on Liquid and USDQ are the main options for stablecoin deposits

So, where can you store your crypto assets? USDT on Liquid and DAI are not the only solutions available. Consider making a deposit in USDQ, the stablecoin of the QDAO ecosystem. Like other stablecoins, it’s 1-to-1 pegged to USD. However, it cannot be frozen by a government, financial organization or anyone from the QDAO team. You can check it yourself by reading our Smart contract and USDQ Audit.
In QDAO, users’ accounts are never frozen by a single person – all account issues are solved by the entire QDAO community, with the help of a QDAO governance token.
In case of blocking (the chances of which are almost non-existent), you can address the QDAO community and get timely help.

Bottom Line

With FATF taking this new course of action, we might witness serious pressure on stablecoin providers. Some projects will resist it, but it’s still not safe to store your assets in popular stablecoins, especially USDT. Your account can be frozen by authorities for dozens of reasons without the possibility of retrieval.
Yet, there are a number of reliable alternatives and USDQ stablecoin is one of them. QDAO DeFi platform users feel free to manage their crypto reserves and make profitable deposits.
Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram and LINE (for the Japanese-speaking community).
submitted by QDAODeFi to u/QDAODeFi [link] [comments]

CNY - USD spread is completely due to MMM. The Russian Mavrodi is the only one who is evading capital controls via Bitcoin.

Chinese citizens have been duped into this MMM scheme. The Chinese buy Bitcoin on all the Chinese exchanges in order to participate in this 100% returns a month MMM ponzi. The operators of the ponzi are Russian. Him and his friends do not want CNY in a Chinese bank that is useless and stuck there. That is why the scammers move the Bitcoins to an exchange like Bitfinex and BTC-e who do not do proper KYC and sell into USD and withdraw it there.
That is why BTC is 10% more expensive in CNY trading at $420 than it is in USD at Bitfinex / BTC-e where it's trading at $380. There is no mass wave of Chinese looking to escape capital controls through Bitcoin at a loss of 10%. Nor is there a ton of Chinese who suddenly wanted to HODL BTC. The only person moving money out of China is this one guy / group who are taking the ponzi profits out and couldn't not care less about losing 10%.
The spread between CNY and USD has been increasing from 2% premium to 10% because the ponzi has been growing in China, while at the same time the guy cashing out has become more aggressive in selling on the USD exchanges known for soft KYC with his exit. You can't find these criminals on the Chinese exchanges. There, it's many people buying a little bit of bitcoin. But you can find these disgusting criminals by checking the wires out of the USD exchanges where he and his group are now cashing out.
The reason the price rallied was because Chinese people kept buying Bitcoin during the day in order to enter the MMM. The coins went to these operators who HODL'ed. And now the price is collapsing is because these operators are dumping quickly as this scheme hits the media globally.
So the whole Chinese people evading capital control thing? No there's nothing there. This is due to one guy who wants to avoid capital controls and because he's foreigner running a ponzi scheme in China and wants to get the money out in USD. The Chinese people probably quite enjoy living in China at 7% GDP growth, and are liking the country's rise in the world.
submitted by cnyusdspread to Buttcoin [link] [comments]

So what is fueling this rally?

Let's put aside your hatred and stupid jokes and have a discussion on what is behind the current rally? Is it Gemini, MMM ponzi or the Chinese again?
submitted by VirtualMoneyLover to Buttcoin [link] [comments]

$30 spread between Huobi and US exchanges

Seems extensive no?
submitted by BitWhisky to Bitcoin [link] [comments]

J.P. Morgan Early Look at the Market – Mon 10.16.17 - **PLEASE DO NOT FORWARD THIS DOCUMENT**

J.P. Morgan Early Look at the Market – Mon 10.16.17

SEC DISCLAMIER: PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Monday

Catalysts – big events to watch over the coming months

Full catalyst list

  • Wed Oct 18 – Fed speakers: Dudley, Kaplan.
  • Wed Oct 18 – US housing starts for Sept. 8:30amET.
  • Wed Oct 18 – US building permits for Sept. 8:30amET.
  • Wed Oct 18 – US Beige Book. 2pmET.
  • Wed Oct 18 – earnings before the open: ABT, Akzo Nobel, ASML, MTB, MTG, NTRS, Reckitt Benckiser, SVU, USB
  • Wed Oct 18 – earnings after the close: AA, AXP, BDN, BHE, BXS, CCI, CCK, EBAY, GHL, HXL, KALU, LLNW, SLG, SLM, STLD, TCBI, URI.
  • Thurs Oct 19 – China Q3 GDP and Sept retail sales, IP, and FAI (Wed night/Thurs morning)
  • Thurs Oct 19 – US Leading Index for Sept. 10amET.
  • Thurs Oct 19 – earnings before the open: ADS, BBT, BK, BX, DGX, DHR, DOV, GPC, KEY, Nestle, NUE, Pernod Ricard, Philips Lighting, PM, PPG, Publicis, RCI, Roche, SAP, SNA, SON, Thales, TRV, TSMC, TXT, Unilever, VZ, WBC, WGO.
  • Thurs Oct 19 – earnings after the close: ASB, ATHN, ETFC, ISRG, LHO, MXIM, NCR, PBCT, PFPT, PYPL, WDFC, WERN.
  • Fri Oct 20 – BOJ’s Kuroda speaks. 2:30amET.
  • Fri Oct 20 – US existing home sales for Sept. 10amET.
  • Fri Oct 20 – Yellen speaks to National Economists Club in Washington. 7:15pmET.
  • Fri Oct 20 – earnings before the open: Assa Abloy, BHGE, CFG, CLF, Daimler, DST, GE, GNTX, HON, InterContinental Hotels, KSU, MAN, PG, SLB, STI, SYF, TomTom, Volvo.
  • Mon Oct 23 – China Sept property prices (Sun night/Mon morning).
  • Mon Oct 23 – US Chicago Fed Activity Index for Sept. 8:30amET.
  • Mon Oct 23 – earnings before the open: HAL, HAS, ITW, KMB, LII, Philips, STT, STX, VFC
  • Mon Oct 23 – earnings after the close: ARNC, CR, JBT, OI, ZION.
  • Tues Oct 24 – Eurozone flash PMIs for Oct. 4amET.
  • Tues Oct 24 – ECB bank lending survey. 4amET.
  • Tues Oct 24 – US flash PMIs for Oct. 9:45amET.
  • Tues Oct 24 – earnings before the open: AMTD, Anglo American, BASF, BIIB, CAT, CLB, CNC, CVLT, ETR, Fiat Chrysler, FITB, GLW, GM, INFY, IPG, LLY, LMT, MAS, MCD, MMM, Novartis, PCAR, PHM, PNR, R, RF, SAH, SHW, SWK, UTX, WAT, WDR.
  • Tues Oct 24 – earnings after the close: AKAM, AMP, AXS, Canadian National Railway, CMG, COF, CYBE, DFS, ESRX, HLI, IRBT, IRM, MANH, NUVA, RGC, T, TSS, TXN.
  • Wed Oct 25 – US durable goods for Sept. 8:30amET.
  • Wed Oct 25 – US FHFA home price index for Aug. 9amET.
  • Wed Oct 25 – US new home sales for Sept. 10amET.
  • Wed Oct 25 – Bank of Canada rate decision. 10amET.
  • Wed Oct 25 – Brazilian rate decision (after the close).
  • Wed Oct 25 – earnings before the open: ALK, ALLY, ANTM, Antofagasta, AOS, APH, BA, BAX, BTU, Capgemini, Dassault Systemes, DPS, FCX, FLIR, Fresnillo, HBAN, Heineken, IP, IR, KO, LEA, LH, Lloyds Banking Group, NDAQ, NSC, NYCB, OC, Peugeot, SIRI, SLAB, TMO, TUP, V, WBA, WEC, WYN.
  • Wed Oct 25 – earnings after the close: ABX, ACGL, AFL, AMGN, CA, CLGX, DLR, FFIV, FNF, FTI, KIM, LSTR, MC, MLNX, NOW, NXPI, ORLY, PKG, PLXS, RJF, SSNC, TSCO, TYL, UNM, VAR, WCN, XLNX.
  • Thurs Oct 26 – Riksbank decision. 3:30amET.
  • Thurs Oct 26 – ECB rate decision. 7:45amET press release, 8:30amET press conf.
  • Thurs Oct 26 – US wholesale inventories for Sept. 8:30amET.
  • Thurs Oct 26 – US advance goods trade balance for Sept. 8:30amET.
  • Thurs Oct 26 – US pending home sales for Sept. 10amET.
  • Thurs Oct 26 – earnings before the open: ABB, ABX, Aixtron, ALLE, ALV, Anheuser Busch, APD, Bayer, BEN, BMS, BMY, BSX, BWA, CCMP, CELG, CHTR, CMCSA, CME, COP, Deutsche Bank, ENTG, EQT, EXLS, F, GNC, HLT, HSY, LUV, MMC, MKC, NEM, Nokia, OAK, ODFL, PX, Santander, Schneider Electric, SPGI, STM, TWTR, UNP, UPS, VC, VNTV, WM, XEL, XRX.
  • Thurs Oct 26 – earnings after the close: AIV, ATEN, CB, CDNS, CENX, CLS, EXPE, FLEX, FTNT, FTV, GILD, GOOG, HIG, INTC, LPLA, MAT, MSFT, NATI, PFG, PRO, SGEN, SIVB, SYK, VDSI, VRSN.
  • Fri Oct 27 – China Sept industrial profits (Thurs night/Fri morning).
  • Fri Oct 27 – US Q3 GDP, personal consumption, and core PCE for Q3. 8:30amET.
  • Fri Oct 27 – US Michigan Confidence numbers for Oct. 10amET.
  • Fri Oct 27 – earnings before the open: B, MRK, PSX, SC, TRU, Volkswagen, WY, XOM.
  • Mon Oct 30 – US personal income/spending and PCE for Sept. 8:30amET.
  • Mon Oct 30 – US Dallas Fed index for Oct. 10:30amET.
  • Mon Oct 30 – analyst meetings: CSX
  • Mon Oct 30 – earnings before the open: HSBC
  • Mon Oct 30 – earnings after the close: AVB, CGNX, RE, RTEC, VNO
  • Tues Oct 31 – BOJ rate decision (Mon night/Tues morning).
  • Tues Oct 31 – US Employment Cost Index for Q3. 8:30amET.
  • Tues Oct 31 – US Case-Shiller home price index for Aug. 9amET.
  • Tues Oct 31 – US Chicago PMI for Oct. 9:45amET.
  • Tues Oct 31 – US Conference Board Sentiment readings for Oct. 10amET.
  • Tues Oct 31 – earnings before the open: ADM, AET, Airbus, AMT, Barclays, BNP, CMI, ECL, FIS, GGP, K, MA, OSK, PFE, XYL.
  • Tues Oct 31 – earnings after the close: APC, CHRW, CXO, PLT, WFT, X
  • Wed Nov 1 – US ADP jobs report for Oct. 8:15amET.
  • Wed Nov 1 – US Markit Manufacturing PMI for Oct. 9:45amET.
  • Wed Nov 1 – US Manufacturing ISM for Oct. 10amET.
  • Wed Nov 1 – US construction spending report for Sept. 10amET.
  • Wed Nov 1 – US auto sales for Oct.
  • Wed Nov 1 – FOMC meeting decision. 2pmET.
  • Wed Nov 1 – earnings before the open: AGN, APO, CEVA, CLX, EL, GRMN, HFC, LFUS, Novo Nordisk, ORBK, Standard Chartered, TAP, TRI.
  • Wed Nov 1 – earnings after the close: ALL, BHF, BXP, CACI, CAVM, CSGS, EGOV, FB, LNC, MANT, MET, MUSA, OXY, PRU, QCOM, ULTI, XPO.
  • Thurs Nov 2 – BOE rate decision. 8amET.
  • Thurs Nov 2 – US nonfarm productivity and unit labor costs for Q3. 8:30amET.
  • Thurs Nov 2 – earnings before the open: ADP, AN, BCE, CI, Credit Suisse, DISCA, H, ICE, LDOS, Royal Dutch Shell, Sanofi, Swiss Re, WRK.
  • Thurs Nov 2 – earnings after the close: AAPL, AIG, ATVI, CBS, CRUS, FLR, HLF, JCOM, RMAX, SBUX, UNIT.
  • Fri Nov 3 – US jobs report for Oct. 8:30amET.
  • Fri Nov 3 – US trade balance for Sept. 8:30amET.
  • Fri Nov 3 – US factory orders and durable goods orders for Sept. 10amET.
  • Fri Nov 3 – US non-manufacturing ISM for Oct. 10amET.
  • Mon Nov 6 – Fed’s Dudley speaks at The Economist Club of New York.
  • Tues Nov 7 – RBA rate decision. Mon night/Tues morning.
  • Tues Nov 7 – US JOLTs jobs report for Sept. 10amET.
  • Tues Nov 7 – US consumer credit for Sept. 3pmET.
  • Thurs Nov 9 – US wholesale trade sales/inventories for Sept. 10amET.
  • Fri Nov 10 – US Michigan Confidence preliminary numbers for Nov. 10amET.
  • Tues Nov 14 – US PPI for Oct. 8:30amET.
  • Wed Nov 15 – US CPI for Oct. 8:30amET.
  • Wed Nov 15 – US Empire Manufacturing for Nov. 8:30amET.
  • Wed Nov 15 – US retail sales for Oct. 8:30amET.
  • Wed Nov 15 – US business inventories for Sept. 10amET.
  • Thurs Nov 16 – US import prices for Oct. 8:30amET.
  • Thurs Nov 16 – US industrial production for Oct. 9:15amET.
  • Thurs Nov 16 – US NAHB housing index for Nov. 10amET.
  • Fri Nov 17 – US housing starts and building permits for Oct. 8:30amET.
  • Mon Nov 20 – US Leading Index for Oct. 10amET.
  • Tues Nov 21 – US existing home sales for Oct. 10amET.
  • Wed Nov 22 – US durable goods for Oct. 8:30amET.
  • Wed Nov 22 – US final Michigan Confidence numbers for Nov. 10amET.
  • Wed Nov 22 – FOMC 11/1 meeting minutes. 2pmET.
  • Fri Nov 24 – US flash PMIs for Nov. 9:45amET.
J.P. Morgan Market Intelligence is a product of the Institutional Equities Sales and Trading desk of J.P. Morgan Securities LLC and the intellectual property thereof. It is not a product of the Research Department and is intended for distribution to institutional and professional customers only and is not intended for retail customer use. It may not be reproduced, redistributed or transmitted, in whole or in part, without J.P. Morgan’s consent. Any unauthorized use is strictly prohibited.
submitted by SIThereAndThere to wallstreetbets [link] [comments]

Taking a huge risk while young with no kids. If it fails, FIRE target through traditional work in 6-8 years. If it works, FIRE before 30. Anyone else with a similar story, like starting a business or something?

Hey ladies and gents, they say goals are best acomplished if you tell others, so here is my story, and my plan. This is going to be a wildly unpopular opinion, but rest assured I researched my decisions carefully, have the traditional FIRE plan in place should my gamble fail, and it will not impact any children. The FIRE plan is pretty general, so I'll spare you the details. Ill be saving my usual 60% of each paycheck, and I'll keep enjoying inexpensive hobbies, like mountain biking, hiking, and camping. The question is, how to invest the savings for the best return? The method I decided on will seem very controvertial, so let me be clear, I know it may not work. Actually, it likely will not work the way I plan out. But the possible benefits are an extra 10 years of life without waking up to an alarm clock.
Background
I am young, as in 25. I am a family medicine intern. My wife is 24, a resident optometrist. We both grew up almost poor. Like, "always had a roof, but in a cramped house; always got a few christmas presents, but had parents that could barely get to the next paycheck, and sometimes racked up credit card debt to do so" kind of poor. We also graduated from high school into the teeth of the Great Recession. Between that and our combined 15 years of college/professional school, we are experts at surviving off nothing and delaying purchases until we absolutely need them. We do not want kids, so we do not have to be as financially secure as a normal family. We are doing well now, with combined incomes of $5000 and $2000 per month for myself and my wife, respectively. This is more money flowing in than we have ever had. And we are so frugal, we usually only spend 30-40% of each paycheck.
*Plus, I was a vandweller for a while, so I know have a Plan C as well*
So, since we are so young, and yet toughened, we can take risks now and still have a decent length working life to make up for the likely failure of those risks. However, should the risk pay off, we could possibly FatFIRE within 1-2 years. I'd say the chance of that success is... maybe 1 in 3. It was good enough for Sean Connery and the Red October. And to have some time in our 20s back from the hellhole that is professional education... oh my god so worth the risk.
So, in the hopes that people will recognize we did not make this decision lightly, and we are simply trying to go out of the box, even the normal FIRE box, to attain freedom. Here is our story, and here is our plan.
Learning how to invest
Back in 2016, I had read some of the MMM blogs, and a few thousand dollars saved up. I was looking for anything that had decent returns, and a friend showed me how the Dow had tanked on news about China, and how he wished he had cash when the price was lower. At the time, I questioned the wisdom of buying when the market was going down. He looked at me, smiled, and told me it was just on sale.
So I got a Wealthfront account and put a few hundred in at 90% stocks. The market recovered within months and I had a pretty good return. I then took some funds out. I tried timing things using the "FeaGreed Index" and Warren Buffets "be greedy when others are fearful" advice. I wasn't a day trader, more of a week trader. Then the stock market went down a little, and I bought more. I was just super lucky, but I thought I had a good stomach for risk at that point.
Finding... (Dare I say it...) cryptocurrencies
Here I may lose some of you, if you hate the idea of cryptocurrencys, and I respect your opinion. They are almost all speculation at this point, so I don't blame you.
Anyway, I went looking for other, more volatile markets to apply Buffets advice after stocks flattened out in 2016. My sister's boyfriend told me he played with cryptocurrencies. So, I took some money off Wealthfront and I dabbled a bit on Gemini with Bitcoin ($600 at the time) and Ethereum ($12 at the time). I did my best to sell high, and buy in when FUD went around. I had put in maybe 1/2 of all my savings at that point. In total, my savings was only $15k then, but that was literally my life savings. Most was in Ethereum since it was cheaper. I started researching Bitcoin and Ethereum, and I liked Eth better.
Naturally, Ethereum took a 30% dump to $9, and I realized that "volatile" meant down as well as up. Feeling a little stung, I pulled most of my remaining funds from Ethereum to even out my stock gains to avoid capital gains tax headaches (since I had no idea how any of that worked back then either.)
Equally naturally, Ethereum then went off the rails to $40 before I could get my cash back in. The FOMO was strong, and I'm still kicking myself for missing that huge first leap. Luckily, it went from $40 to $400 in the span of a year. I had gone from $15k to $150k. I was in vapor lock for most of 2017 over this. I had never built up so much, so fast, and especially as it went higher in Autumn. At that point, I decided to pull from Ethereum and diversify in the cryptos, thinking the other shoe must be about to drop.
XRP and the New Years 2018 Ripple Pump
My sister's boyfriend again gave me some advice. He casually mentioned Ripple might be picked up by some big companies. My first thought was, "What the heck is a Ripple?" So I did some digging, and managed to get on the Kraken exchange, and glitched my way to a few hundred thousand XRP, while saving some of my precious Ethereum. Then XRP had that massive speculative pump, and I suddenly had over a 7-figure net worth within weeks. I was giddy. Then the market slumped. No big deal, I told myself. Then XRP took an 80% dump. *80. FREAKING. PERCENT.*
I lost over $800,000 on paper from the high. I consoled myself on still having a mid 6-figure net worth, even to this day, but that didn't help much. As to why I did not withdraw at the peak, it was because I was simply astonished, a bit greedy, and I had no idea how such massive capital gains would impact my taxes, since they would be short term gains. At the time, I remember deciding not to decide and just roll with it. I knew I was young enough to deal with the volatility. So Im still holding on, even as the cryptocurrency market stumbles along.
The Gamble
Thank you for reading along this far. Before going any further, allow me to clarify that I don't want to sound like a gambler who can make his losses back with "just one more good hand..." which this will certainly sound like. My calculated risk is this: We will pour every extra cent that we can into XRP until we are 30 or have $6-8 million, whichever comes first. We would never do any leverage trades, as buying on margin is as stupid as essentially burning money in such volatile markets. If XRP has not taken off by the time we are 30, we will re-evaluate it against other cryptos with use-cases or stocks. Meanwhile, we will remain as frugal as we have always been, and continue to save at least 60% of each paycheck. The idea is this: plenty of people discover the FIRE movement in their 30s, after having terrible financial habits and no savings. If those people can FIRE in a few years, we would be able to do so as well if the Crypto market collapses. Its been around since 2009, so I bet it will be around at least another decade.
The reasoning
There is a finance quote that goes something like, "diversification protects, concentration grows," and right now we need our funds to grow, quickly, to reach FIRE. I have researched Bitcoin, Bitcoin Cash, Ethereum, and XRP. I chose XRP because it serves a very useful purpose already. Ethereum does as well, but currently mostly in theory. I agree with MMM on Bitcoin, in that it is a "greater fool" game. Bitcoin is also the first. So was MySpace.
Anyway, XRP could easily become highly prized by banks for global money transfers, and in providing an actual service, behaves more as a "natural resource" than a security. And it is wise to buy natural resources before the demand grows for it. Imagine buying land in West Texas before the automobile was invented.
Also, while I hate to depend on speculation, rampant speculation made me a momentary-millionaire on paper over the course of weeks earlier this year. Even if having a good use-case isn't enough, I bet the speculators will return to the cryptosphere within the next year because it could be very useful. Call that my "Hail-Mary."
Discussion on Ripple and XRP, and why most people hate it. Skip if you don't want the technical talk
So there are currently a lot of risks. XRP could be ruled a security of the Ripple Company, and it would not be listed on certain exchanges. XRP could be abandoned by Ripple. XRP could grow more slowly than Ethereum, Bitcoin, Bitcoin Cash, or the myriad of other cryptocurrencies like EOS, Litecoin, or Cardano. Additionally, XRP uses a Ledger protocol, which is different from the Proof of Work "mining" required for Bitcoin or Ethereum. So it may technically not actually be a real cryptocurrency in the traditional sense. This makes it understandable why so many people do not like it, since they don't understand it compared to what they're used to. That doesn't mean it can't have value.
I have an answer to those concerns listed above. Ripple is doing its best to conform to SEC rules, and wants to be regulated as a currency. XRP likely won't be ruled a security, even though Ripple is selling the technology to utilize them. Currently XRP and its ledger system operate independently from Ripple, and can scale to demand, using tiny fees taken from each transaction. As far as growth, XRP does tend to lag, however, last time Bitcoin was $6k, XRP was $0.20. Now Bitcoin is $6k, and XRP is $0.45. I'll take 100% growth any day. And with some nudging from the Ripple Company, I think XRP is most likely to increase in value, and stay increased, where something else more popular may get pumped faster, then quickly dumped. That happened to XRP already, so I like to think it "got it out of it's system."
To digress a moment on the security/currency/natural resource thing, imagine XRP as a lump of iron. Now imagine you're in the bronze age. Ripple found and mined the iron, and had a lot of it. It was found to be valuable, so Ripple had to carefully manage how it interacts with the Iron supply. Now the lumps are being released by an escrow, so Ripple doesn't control such a large suppy any more. (Ripple is also decentralizing their control of the XRP ledger, with more 3rd party nodes coming online.) So, these lumps of iron are sitting there, and Ripple had an idea. Rather than use horses to carry sacks of gold, they could build a rail system out of the iron. Ripple would control the rail system. The iron could be made into mine carts. So, Ripple doesn't control the carts, just the rails, and so doesn't have to have the carts regulated as portions of the company. Kingdoms can easily transfer their gold to other kingdoms on the rails in the carts that they own. Buy the iron, and you can move value with it. That inherently gives value to the iron, since there is a finite supply. The cool thing is though, what else can iron be used for besides carts? I don't know, but someone like Jeff Bezos might.
Historical Comparison
Jeff Bezos came up with a book sales program. He focused it, got really good at it, and customers loved it. It became super popular, then it branched out and is involved in nearly everything. Anyone who invested in early Amazon is extremely wealthy.
Ripple the Company is getting really good at one thing, global payments. And they may be decentralizing, but Ripple can still nudge XRPs future. In the future, Ripple will certainly find other uses for their programs and for the global XRP supply. For example, imagine if it became the standard Xbox Live or PS4 Online token. Good golly miss molly, everyone and their grandmother would be trying to buy them.
So, with so many unknowns, XRP is unpopular now, and thus cheap. But IF it is ruled not a security, and IF it is used in global remittance markets, and IF the Ripple developers don't get stolen away by other blockchain teams, and IF another coin doesn't come out and do XRPs job better... then this might be a very dirty, balled up, golden ticket. We shall see. If you have questions, please comment, and I will try to better explain what I have found in my research.
Recap
So, being young and able to stomach some epic risks, (really, does the stock market count as risky if everyone intends to be able to have a 4% SWR after inflation?) I am going to put all my eggs in one basket. My life savings in XRP. At least til Im 30. If the gamble fails, I work 8 years as a frugal physician and FIRE before Im 40. If XRP (and a few Eth for good luck) go crazy, I may FIRE before 30. That extra 10 years is, like Tom Hanks says in Joe vs The Volcano, "gold in my hand."
Since there are a lot of ways to get to FIRE, please let me know if anyone else is trying the "eggs in one basket, concentrate wealth to grow" strategy. Or if you took a similarly huge risk that worked out, what is your story?
***I would love to answer any questions, but please also do your own research, and only invest what you can afford to lose. We have income, so we can afford to lose a good chunk of our life savings. We watched our parents survive that in 2009.
submitted by TiredOfRatRacing to financialindependence [link] [comments]

PSA: Be Careful, the MMM Ponzi scheme is huge in China and may be partially causing this pump. Here's a list of some of the money being claimed in bitcoins.

PSA: Be Careful, the MMM Ponzi scheme is huge in China and may be partially causing this pump. Here's a list of some of the money being claimed in bitcoins. submitted by Mage777 to Bitcoin [link] [comments]

Thoughts on the current state of Bitcoin from someone who participates in much of the ecosystem [and tipping thread ;) ]

Hey guys,
So this is something I've been looking at for a while now, and kind of seeing some things die and other things be born. Some things are getting easier, and other things getting more difficult. I want to take this time to outline the last few months and how my sentiment is reflected towards the market. I have to say, the market generally matches how my "emotions" playout towards the ecosystem as a whole.
I'll outline just a few short things on both the bearish and the bullish sides of my sentiment, even if things don't effect the overall sentiment much (at least according to most traders and people) I'd like to point them out because I view them as notable.
Some of the not so good things that have been happening:
Anyway, in many respects it feels like a lot of the bitcoin ecosystem is dying, and maybe we should all panic, cry, and shit our pants, but a few things haven't been going badly, and in fact, I'm looking optimistic that the next time a surge of new users enters the market for whatever reason, there will be a much more developed and kind ecosystem to take part of. No one is going to be touting the next 5 second confirmation coin, no more of the ubiquitous "investment" opportunities that await the uninitiated.
Other than my love for bitcoin in general, this is what makes me not panic sell, and what keeps me optimistic about the bitcoin future:
Alright guys, thats my sentiment overview, and I hope it wasn't tl;dr for most of you. But one last thing I want to point out in terms of user growth. We need to break out of our comfort zone. We need to help people get into it. That btctipping dude? He has the right idea, except, it does kinda feel like he's promoting his own website? I dunno? Anyway, Changetip some newbies. Just the other day in the reddit lounge I tipped a guy a coffee, and he then said "Man that was evil, now I have to spend the next hour learning all about bitcoin"... who knows, maybe his sentiment that the media helped paint is one shade lighter now just from a a couple millibit tip. You can do that too, and I'm here to help you get started. I've got some millibits to give away, give me some awesome feedback, criticism or build your own thoughts on this thread. I tip you, then you go pay it forward. Lets do this!!!
submitted by googlemaster1 to Bitcoin [link] [comments]

Skull Fucked Magazine sits down with Elvis James Skullonavich to get his take on the new ATH.

As I await in Mr. Skullonavich's receiving wing, I am unsure what to expect - A middle aged captain of industry? Child prodigy? Cialis fueled madman two weeks into a month long coke bender? The receiving wing is lined with Big Game Trophies of all sorts - lions, tiger, zebras - One specimen catches my eyes in paticular. I wonder out loud - "Where the hell did that come from?" A voice behind me speaks
Skully: Brazil.
I had no idea he was standing behind me. Wearing only a deep tan and a set of Dong Suspenders, the powerfully built Elvis James Skullonavich stares uncomfortably into my right Eye Socket.
SFM: Mr Skullon...
Sk Please just Skully.
He motions back to his latest Big GameTrophy
Sk: I bagged him in Brazil, coming out of his Computer Science Class right when we hit the ATH - He had been a hell of an adversary. It took a while to realize with no-slip work boots I would never catch him - Jorge was too fast-...too cunning. Once I switched backed to the ole Chuck Taylors ...man....u/jstolfi never had a chance.
Skully then takes a moment to almost lovingly realign the over sized leather eyepatch on Jorge's freshly stuffed cadaver.
SFM: So is it true you stole your whole Skull Fucking Identity or "schtick" so to speak from the "Crypto_King"?
Sk Look there has been a lot of confusion about that, but basically yes. I saw massive potential in Crypto. I mean when your welcoming address to an entire sub is calling them "Spineless Faggots"...well you get the drift - pure aggressive genius. Identity theft is a problem on the internet...everyone knows that.
SFM: Anything you would like to say to Crypto?
Sk: Of course..."Sorry for your loss."
SFM How did you get into Bitcoin and why have you stuck with it? Especially during the down cycle?
Sk I needed Provigil for an upcoming pre-algebra test in oh around 2013. I went over to bitcoin to ask a few questions and was quickly banned. After a few weeks of trial and error I received my Provigil and an unknown "complimentary sample bag" of goodies and it was off to the races. How could you not see the beauty of Bitcoin? A majority of the worlds computing power dedicated to mining it...China unable to ban it.... but mostly easily accessible cheap drugs. I quickly realized it would capture a trillion dollar market cap by 2020.
SFM: Why spend so much time on this sub?
Sk: Well you'll have to remember this sub had a very brief time of relevance. There was a certain amount of denial coming out of the Bitcoin camp and for a glorius moment this sub had genuinely funny moments - I think Big Lam said it best "buttcoin, come for the devils advocate...stay for the reverse trolling."
SFM Why does sietemeles continue to deny the fact that you own any coins?
Sk Partially due to losing all his coins on Mt. Gox but mostly because he sucks. A lot of people don't know it but Siet and I went to primary school together and he was constantly getting the shit kicked out of him for wearing Dodge Coin t-shirts - Between those beatings and the ass whipping he took via Karpeles, its going to fuck with a kids psyche..you know kind of turn him into a a bit of a cunt.
SFM: u/JeanneDOrc and u/beer__warrior have been critical as of late due to the fact you claim to have sold half your stash, any words for them?
Sk Lets get to the brass tacks on these two goofs. JD has a combined 6 years of Reddit time and somewhere in the neighborhood of 40,000 posts. Can you imagine if he had put that much time into say...Match dotcom? He could of actually maybe gotten laid by now instead of being the angriest man on the internet. As far as beer worrier goes...who puts two fucking underscores in their screen name? A guy like that is never going to understand the beauty of a decentralized public ledger, how to talk to girls or take a piss standing up.
SKM u/robot_slave , u/happyscrappy and u/coinday had claimed earlier in the current rally that you had either sold your coins or had fallen down a flight of steps and hopefully died on impact. Any words?
Sk (laughing) If there are three particular twats on this sub that can fuck up the rhythm of a perfectly good circle jerk its those guys. I'll just say this.. guys you can tighten those chinstraps as hard as you can and do as much hot yoga and 40 yard dashes as you want...this skull fuckings coming no matter what...the first foggy night you hear the flat slap of my Chuck Taylors on the wet asphalt and the hollow thud of my dong bouncing off my chest...only then will you realize how hopelessly skull fucked you truly are.
SFM thisismynamefornow u/theirmoss and barkey_mcbuttstain Claim once the Chinese exchanges allow withdrawals a price collapse will occur - any thoughts?
Sk: (laughing) Dude McCumstainzs is so dumb his fellow shills had him convinced the glory hole in his cubicle was a breathalyzer set up by Rick at Corporate to see if he was drinking on the job, so yeah fuck that guy. As far as the other ones they just parrot whatever Jorge tells them like that MMM ponzi bullshit and well they ran with that so well bitcoin went to a grand.
SKM Any final thoughts?
Sk Yeah big shout out to all the counter shills that ran the price to the ATH- Especially biglambda this guys been trying to help you out for years so the least you can do is carry his bags to Rocket. Thanks guys and have a great week - Skully
submitted by Skullfukd to Buttcoin [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to STOCKMARKETNEWS [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to investing_discussion [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestmentBanking123 [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestCrypto [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to investing [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestFeed [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to Investing101 [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInme [link] [comments]

WEEKLY OUTLOOK

The global financial markets will focus on U.S. economic datas this week, including Friday's inflation report in the spotlight, and for further clues on the timing of the next FED rate hike. China is to release monthly trade and inflation data, while the U.K., traders will be awaiting a report on manufacturing production for further indications on the continued effect of Brexit on the economy. Quarterly earnings season kicks off with eight companies on the S&P500 this week.
TRUMP - THE NEXT MOVE
Looking to boost domestic energy production, Friday the Trump administration has proposed opening nearly all U.S. offshore waters to oil and gas drilling, including in the Atlantic, Arctic and Pacific oceans. That would reverse the Obama-era order placing 94% of the Outer Continental Shelf off limits to drillers.
CRYPTO
Prices retreated from last week’s record highs after Coinbase, one of the largest exchanges for cryptocurrencies said that it has not made a decision to add new currencies to its platform. This dried out recent speculation that it would include Ripple. Ripple now has a market cap of $130 billion, in second place behind Bitcoin. Ripple sells blockchain technology, powered by its own cryptocurrency XPR, to banks and payment providers and other financial institutions to speed up cross-border payments.
GOOGLE’s CHINESE PRESENCE
Google made an undisclosed deal in China on E-sport streaming, with gaming live-stream company Chushou. There are other investors as well. Chushou has around eight million streamers and 250.000 live streams per day. Google’s search engine is blocked in China and the tech giant has used investments as a way to broaden its presence in the market. - Google took a minority stake in Chinese AI startup Mobvoi in 2015 during a $75 million fundraising round.
GREED INDEED
Verizon has pulled Bloomberg TV from its offerings for 4.6 million subscribers, after being asked to pay for the content. VZ's argument is that Bloomberg is making the content available to all consumers for free via web and mobile app, and that it shouldn't have to pay carriage fees.
VW IS STILL THE BEST
Volkswagen group sales rose to around 10.7 million cars last year, keeping the German behemoth ahead of its Japanese competition as the world's largest automaker. The report came as Ron Stach, senior vice president of sales at Volkswagen of America, left the company. U.S. sales rose 5.2% to 339,676 brand models last year but dropped 19% in December as the carmaker shifted focus to its homeland.
TECHIES
The tech industry's biggest conference - The CES -, this week from Tuesday to Friday. Speakers include Ford (F) CEO Jim Hackett, Verizon CTO (VZ) Hans Vestberg, Qualcomm (QCOM) President Christiano Amon, YouTube's (GOOGC) Robert Kyncl and Baidu COO (BIDU) Qi Lu. Talks and exhibitions will be on artificial intelligence, augmented reality, 4K TVs, robots and new drones, and these are just part of the buzz.
#DAILY PICK
Continental AG (CHXEUR:COND) is scheduled to give earnings tomorrow, watch the numbers!
A monster week ahead of Google, (NASDAQ:GOOG), there is a lot more in it!
Twitter (NYSE:TWTR) is fighting $24.50 on the upside. - And $23.98 on the down. Who’ gonna win?
Shuffle your dividend growth, 3M Co. (NYSE:MMM) is a must have!
Gold (FX_IDC:XAUUSD) had a good run, time for a reversal.
FX WORLD
Friday’s NFP has missed big time and our pairs reacted accordingly, or in cases not so subsequently. We are going to have an interesting week, with FED rate hike clues.
The EURUSD had a nice run on the NFP report but pulled back to 1.20, which seems to be the support at this point. The pair is still “fighting” 1.21 as it froze the market a bit, if we break it, 1.23 or even 1.25 is doable.
The GBPUSD also rallied and turned to the downside. Above 1.365 would mean that we closed a massive gap below and could offer a buy and hold market. Until then just buy the dips, as 1.3333 is the floor.
The USDJPY has bounced on Friday, which is interesting since the jobs report numbers missed significantly. This shows that the market is interested to go 115 and beyond. Until we break above, use the dips for entries.
TODAY’s MARKET
In Asia ASX200 +0.12% (6,129.7) HANG SHENG +0.04% (30,755) NIKKEI +0.89% (23,715) SHANGHAI +0.35% (3,403.5)
In Europe DAX30 +1.15% (13,319.7) FTSE100 +0.37% (7,724.2) BUX +0.36% (39,995.2) CAC40 +1.05% (5,470.75)
In US Dow +0.88% (25,296) S&P500 +0.70% (2,743) NASDAQ +0.83% (7,136) Crude -0.04% ($61.605) Gold -0.03% ($1,320.02)
Today's Economic Calendar JPY - Bank holiday CHF - CPUm/m EUR - Retail sales m/m USD - FOMC members speak USD - Consumer credit m/m
Check our blog for more information: https://www.gtc.news/single-post/DT18008EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInIdeas [link] [comments]

Bitcoin Price Is ‘Like MMM Ponzi Scheme’: Russian Economic Minister

The head of Russia’s Ministry of Economic Development has compared Bitcoin to the infamous Ponzi scheme MMM.
Speaking at the Federation Council, Maksim Oreshkin repeated the theme of “unqualified investors” buying into cryptocurrency being “dangerous.”
“Because if you look at the dynamics of the Bitcoin price, they’re very like the price of MMM,” he said quoted by local news outlet RIA Novosti.
MMM originated in Russia in the late 1980s as the product of serial fraudster Sergey Mavrodi. Law enforcement shut the scheme down and arrested Mavrodi in 2003, but in 2011 MMM resurfaced and is now aggressively targeting consumers in Africa.
“There are very high risks here for those who are interested [in Bitcoin],” Oreshkin continued.
“It’s clear the state cannot protect these people; their actions come entirely at their own risk. I’m simply calling for everyone to be very careful with this issue.”
The minister’s comments continue the increasingly contradictory position Russian authorities have taken on Bitcoin.
A similar offer to restrict Bitcoin to “qualified investors” came from the country’s deputy finance minister Alexey Moiseev earlier this month, while central bank head Elvira Nabiullina said she was “categorically against” allowing it on the Moscow Stock Exchange.
At the same time, state-sponsored efforts to involve Russia in mining continue to gather speed as China’s supremacy seemingly becomes cause for envy.
submitted by ctmediagroup to Bitcoin [link] [comments]

Spike, Fall and Rise of Bitcoin in 2015  MMM MasterCard Visa China  Faith Emmanuel DigiVestor Global Bitcoin super MMM monthly interest rate of 100% 全球比特币超级MMM月息100% MMM China - Global China Bans Bitcoin Exchanges AND Mining? Good or Bad? https://e-china-mmm.net (MMM-CHINA 2019)

Bitcoin News Official Warning concerning MMM-China Finally Issued. Bitcoin based frauds and Ponzi schemes are dime a dozen. Sometimes people realize that a bit too late, after investing more than ... Bitcoin's daily exchange rates exhibit virtually zero correlation with widely used currencies and with gold, making bitcoin useless for risk management and exceedingly difficult for its owners to ... With this latest venture, Silbert is looking to bring back some of the bitcoin production to the US from China. Unveiling our 4th subsidiary, Foundry, a bitcoin mining and crypto staking business . We have committed to invest an additional $100 mm through 2021 to help build out the North American mining industry. Oh, and we believe we may already be the largest BTC miner in North America ... r/Buttcoin: Shill central. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts China Bitcoin Exchange Market Share Almost 90%; CNY/BTC Captures 95% of Total Volume 44State of Bitcoin and Blockchain 2016 Note: Labels for currencies and exchanges with less than 1% market share are omitted. Data source: Bitcoinity huobi, 42.85% okcoin, 41.21% btcchina, 4.10% others, 3.13% bitfinex, 2.45% lakebtc, 2.10% bitstamp, 1.63% Exchange Market Share CNY, 95.05% USD, 3.91% Currency ...

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Spike, Fall and Rise of Bitcoin in 2015 MMM MasterCard Visa China Faith Emmanuel DigiVestor

MMM -中国 (MMM-CHINA 2019) This video is unavailable. Watch Queue Queue Breaking: China To Shutter All Bitcoin Exchanges with Simon Dixon of Bank To The Future - Duration: 34:05. The Dollar Vigilante 60,467 views. 34:05 . Pomp Podcast #251: Mark Yusko on How we got to ... MARKET UPDATE - The Bitcoin Price Rise, Fall and Rise. (watch in HD) Bitcoin has crossed the $300 and $400 mark for this first time in 2015. What are the fac... This video shows you how to Get Help (GH) in MMM with Bitcoins China's central bank launched spot checks on major bitcoin exchanges in Beijing and Shanghai on Wednesday, knocking the price of the cryptocurrency down by 1...

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