Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

By CCN Markets: A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn’t behaving like one and investors sure weren’t doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding […] The post Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee appeared first on CCN Markets

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Brandt’s Momentum Indicator Highlights Potential Bitcoin Reversal –

Bitcoin’s market valuation has already made some surprising moves in 2019, outperforming both the NASDAQ Composite and S&P 500 (on a YTD basis) by a wide margin.  However, an inability to hold support at key technical regions would suggest this year’s bull trend hasn’t yet been validated. Bitcoin’s Line in the Sand Since the beginning of the year, BTC/USD has generated gains of 172%, outpacing the returns of both the NASDAQ Composite (at +16.6%) and the S&P 500 (at +13.2%) over the same period.   However, technical indicators suggest crypto investors…

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Bitcoin’s Impact On The Environment Is Largely Fiction, Claims Prominent Energy Specialist

Bitcoin uses more electricity annually than Czechia, according to the latest estimates from the University of Cambridge. While Bitcoin is leading the charge to democratize money, there is no escaping its power-hungry reputation. And the current research from the Cambridge Centre for Alternative Finance (CCAF) does nothing to dispel concerns over its environmental impact. The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides real-time data on the energy consumption of the Bitcoin network. The model borrows from the methodology of Marc Bevand. He uses pessimistic (upper) and optimistic (lower) assumptions, based…

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Dow Futures Collapse 100 Points as Bond Yields Spiral to Historic Lows

By CCN Markets: Dow Jones Industrial Average (DJIA) futures collapsed 100 points in early trading Thursday, before recovering slightly. Traders remain nervous as the bond market flashed another dire warning overnight. Yields on the 30-year Treasury bond crashed below 2 percent for the first time in recorded history. It comes after Wednesday’s disastrous session which […] The post Dow Futures Collapse 100 Points as Bond Yields Spiral to Historic Lows appeared first on CCN Markets

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Walmart Files Patent for Blockchain-Based Drone Communication System

American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters. In essence, the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware…

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