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  1. The Dow Jones and the rest of the U.S. stock market are expected to initiate strong rallies in the upcoming weeks as the confidence of investors in the prospect of a comprehensive deal between the U.S. and China grows. On Friday, several sources including The Wall Street Journal reported that the Trump administration is set to extend the suspension on tariffs from March 1 to May 1, by 60 days. The intent of the U.S. government to postpone the deadline of the trade deal demonstrates the

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  2. The media and others have it all wrong when it comes to predicting Bitcoin’s price movements. This according to John McAfee who believes he’s the only one who can make such calls accurately. The founder of software giant McAfee took to Twitter this week to give his thoughts. But I Already Said That! It’s been several months since McAfee tweeted specifically about Bitcoin’s price. It seems the latest predictions made by several people didn’t sit well with him. One of the things that go

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  3. In a paper published this week, Tuur Demeester’s US crypto fund, Adamant Capital, suggests two new ways of determining the relative market value of Bitcoin. One measures investor sentiment; it’s called Relative Unrealized Profit/Loss Ratio. HODLer Position Change (HPC) is perhaps more interesting. Adamant finds HPC by measuring blockchain “liveliness.” They explain the concept as such: “A blockchain where all the coins move within a single block has at that moment a

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  4. South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at the exchange – on condition of anonymity – told the Korean Herald that seeing the Securities and Exchange Commission’s (SEC) response to the bitcoin derivative

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  5. Forget plunking down tens of billions of dollars to acquire Tesla, Apple’s rumor mill is churning out gossip that the iPhone maker plans to debut its own electric van. This latest rumor was kicked off by a German business publication this week. It’s just the latest of a string of ways that observers have said Apple should spend its mammoth $245 billion in cash on hand. Vans, Not Cars in the Wheelhouses Up until Manager Magazin’s report, there had been speculation of Apple honing in on a van

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  6. CasperLabs announced that Ethereum developer Vlad Zamfir, the creator of CBC Casper, will be coming on as their lead architect. CasperLabs is working on a proof-of-stake blockchain. They don’t have much else about them out there; their website is still in landing page mode. Zamfir is the authority on CBC Casper. CBC stands for “correct-by-construction.” Vitalik Buterin explains it like this: CBC Casper is designed to be fundamentally very versatile and abstract, and come to consensus on

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  7. Shares of online mail-supplies firm Stamps.com plunged by over 50% in pre-market trading on Friday after the company disclosed during the fourth quarter and full-year 2018 earnings call that it will not renew its exclusive agreement with the U.S. Postal Service (USPS). Per Stamps.com’s CEO, Kenneth McBride, prevailing shipping trends have made it necessary to broaden the choice available to customers. Consequently, the online mail supplies firm was left with no option but to ‘embrace other

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  8. Wealth manager Carol Pepper says cannabis stocks are the next “huge growth area” in alternative investing. With an actual physical product, pot stocks could soar like Bitcoin in 2017, but unlike the cryptocurrency, they won’t follow that boom with a bust. Pot Stocks Earn Bump from Legalization Progress Recreational cannabis was legalized in Canada on October 17, 2018, opening the North American market to pot companies and laying the groundwork for cannabis-infused drinks and other

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  9. Wilsons Auction House in the UK will be hosting a cryptocurrency auction for roughly 315 coins. The coins are spread across Bitcoin, Bitcoin Gold, and Bitcoin Cash. A full day long, the auction will begin on February 28. Originally seized by Belgian authorities, the coins were related to a dark web market. They have an estimated value of around 300,000 pounds sterling or close to USD$400,000. Wilsons was previously the first to auction Monero, about 167 of them, which sold for less than

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  10. David Stockman, who served as the late US President Ronald Reagan’s top economic adviser, says a day of reckoning has arrived for the stock market. Stockman believes a recession is imminent and that a “bad situation” waits on Wall Street’s horizon. He warns investors to exit the stock and bond markets in a recent interview with Neil Cavuto on Fox Business with a stark metaphor: “We need to wake up and smell the roses here.” Stockman says the US economy is in the

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  11. Institutional investors are finally wading into crypto. Want proof? The University of Michigan’s $12 billion endowment said it could increase its investment in a crypto-network technology fund managed by American venture-capital firm Andreessen Horowitz. Financial terms weren’t disclosed, but the latest cash infusion into Andreessen’s CNK Fund would add to the $3 million the university invested in the fund back in June 2018. The CNK Fund invests in cryptocurrency startups.

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  12. The Dow Jones Industrial Average rallied on Friday to rescue its nine-week winning streak, and the US stock market bellwether further crossed another milestone by edging across the 26,000 mark minutes prior to the closing bell. Dow Creeps Higher for Ninth Consecutive Week The Dow jumped by 181.18 points or 0.7 percent to 26,031.81. The S&P 500 rose 0.64 percent but fell short of 2,800, and the Nasdaq outperformed with its 0.91 percent rally to round out a positive end to the US stock

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