Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering. Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views.
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The Singapore International Commercial Court has ruled against cryptocurrency exchange Quoine after it reversed trades for a total of 3,092 bitcoins (BTC) by crypto market maker B2C2 two years ago. The court published a case summary Thursday, stating that it found Quoine liable for the “breach of contract and breach of trust” in reversing B2C2’s trades
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Businessman plan graph growth and increase of chart positive indicators in his businessGetty Everyone knows the saying “hard as a rock.” It means exceptionally tough. Strong. Impenetrable even, or at least impenetrable without the application of significant and well-applied force. There isn’t a single rock out there that can’t be blown up with the right
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CHICAGO — The Chicago City Council signed off Wednesday on an $850 million borrowing authorization along with several key development projects sought by Mayor Rahm Emanuel before closing the books on his eight-year tenure. The city intends to issue about $800 million late this month in its first general obligation bond offering in more than
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Not even a 20 percent rebound off the December low is changing David Stockman’s bearish prognosis for the stock market. Stockman, who served as President Ronald Reagan’s director of Office of Management and Budget, suggests fundamentals are not driving the 2019 rally. “This is just day traders, chart monkeys, robo machines. This has nothing to
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Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was essentially flat compared with the
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View Bitcoin is trapped in a trading range defined by the 200-week simple moving average and the 200- week exponential moving average, currently at $3,404 and $4,106, respectively. Therefore, the outlook as per the weekly chart is neutral. A weekly close (Sunday, UTC) above $4,106 would confirm a longer-term bearish-to-bullish trend change and could fuel
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Denver-based D.A. Davidson & Co. will acquire Wells Nelson & Associates, an Oklahoma-based public finance and wealth management firm. The deal strengthens D.A. Davidson’s fixed-income presence in Oklahoma and Texas and unites two firms whose expertise and market leadership are aligned, company officials said “Wells Nelson has a great reputation, deep expertise and solid relationships
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By Ansh Chaudhary For the month of February, the ETF Deathwatch decreased in size. 12 exchange-traded products (“ETPs”) were added to the list, and 30 funds were removed, making February a busier month in terms of removals. Of the removals, 13 were removed due to increased health and 17 were due to asset managers closing
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Republicans have trashed the Green New Deal — Rep. Alexandria Ocasio-Cortez’s proposal to eliminate greenhouse gas emissions and create a renewable energy economy — as unrealistic, unaffordable and ill-conceived. But ever since the New York Democrat began promoting the idea late last year, a growing number of House GOP lawmakers have been increasingly willing to
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Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
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Philadelphia Mayor Jim Kenney says his proposal will boost the city’s pension and reserve levels while avoiding any tax increases. Kenney outlined a $5 billion 2020 fiscal year spending plan last week that would increase the city’s pension funding by 4.17%, or $29.8 million, after an estimated 3.4% decrease from 2018 to 2019. The city’s
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Note: This article was first released exclusively to ETF Focus subscribers 2 weeks ago. The “ETFs in Focus” list is used to highlight ETFs that I feel are short-term trade opportunities. As such, these ideas may be more appropriate to those investors looking to be more active traders in their portfolios, but I’ll also discuss
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Great close up showing numbers 6 and 5Getty I travel to Las Vegas at least once a year to attend the annual ReCon conference. Although gambling is never my primary reason for visiting “sin city”, I always spend some time on the blackjack tables. Of course, now that I’m a research analyst, I suppose I
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