Binance CEO Gets Dragged by Bitcoin Fans for 'Dumbest Crypto Tweet'

Binance CEO Gets Dragged by Bitcoin Fans for 'Dumbest Crypto Tweet' 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

Nvidia Focuses on Gaming; Q2 Results Show Why

Nvidia Focuses on Gaming; Q2 Results Show Why 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Nvidia Focuses on Gaming; Q2 Results Show Why. Image from Shutterstock. By CCN Markets: Nvidia’s strides in gaming continue, helping the company beat analysts’ estimates on the top and bottom lines for its second-quarter earnings. However, the company’s earnings were lower than what it reported for the same quarter last year. This reflects the chipmaker’s continued struggles in competing with rival AMD. Still, the stock moved higher by 6% on the earnings beat. Yahoo Finance During its earnings call Thursday, Nvidia execs enthusiastically discussed the gains it’s made in gaming,…

Judge in $10B Bitcoin Lawsuit Rips Craig Wright for No 'Credible Evidence'

Judge in $10B Bitcoin Lawsuit Rips Craig Wright for No 'Credible Evidence' 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

A Florida court dismissed self-proclaimed bitcoin inventor Craig Wright’s motion to dismiss a $10B lawsuit filed by Dave Kleiman’s estate. | Source: CoinGeek/YouTube By CCN Markets: A Florida federal court denied a motion by self-proclaimed bitcoin inventor Craig Wright challenging the court’s jurisdiction over the $10 billion lawsuit filed against him by the estate of Dave Kleiman. In her ruling, Judge Beth Bloom said Wright failed to show that her court lacked subject matter jurisdiction over the case. This means the lawsuit will move forward. Judge: My court has the…

What Recession? The Yield Curve Inversion Is a Flashing Buy Signal

What Recession? The Yield Curve Inversion Is a Flashing Buy Signal 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The bond market flashed a classic recession signal on Wednesday, but let’s look beyond the panic at the numbers. Source: Shutterstock By CCN Markets: The Dow Jones fell 800 points on Wednesday, as a major recession indicator – the yield curve inversion – clicked on, spooking investors. Yet this recession indicator isn’t always correct, and the S&P 500 and the stock market have traditionally provided impressive returns, at least in the short-term, following its appearance. The dreaded inverted yield curve This indicator is known as an inversion of the yield…

Santa Claus Rally Comes Early. These 3 Dow Jones Stocks Lead the Way

Santa Claus Rally Comes Early. These 3 Dow Jones Stocks Lead the Way 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

President Trump has decided to delay China tariffs due to the Christmas season. He wants to help consumers, but he’s also helping Dow Jones stocks. | Source: REUTERS / Brendan McDermid By CCN Markets: If you’re wondering what’s behind the rally in the Dow Jones and S&P 500 indexes, you can thank Santa Claus. President Trump in a sudden move decided to delay the latest round of China tariffs, which were originally planned for September. The reason? Trump reportedly said he’s “doing this for the Christmas season…to help people,” declaring…

These 2 Dow Jones Stocks Are Up 30% YTD Each & They're Not Tech

These 2 Dow Jones Stocks Are Up 30% YTD Each & They're Not Tech 12  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Visa and American Express have significant exposure to China, and the gains that these Dow Jones stocks have seen year-to-date could dwindle. | Source: Shutterstock When you hear market leaders, it probably conjures up images of Amazon, Facebook, and Google, to name a few of the FANG stocks. But what if we told you that two of the top performers in the Dow Jones index year-to-date aren’t technology at all but instead American Express and Visa, which are dividend stocks that have gained more than 30 percent each year-to-date. Not…

Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023

Tim Draper Pushes $250,000 Bitcoin Price Realization Date to Early 2023 14  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Tim Draper, founder of Draper Associates and all-round bitcoin evangelist is sticking to his quarter-million-dollar price prediction. Source:PATRICIA DE MELO MOREIRA / AFP Crypto bull and venture capitalist Tim Draper has disclosed that it could take a little longer for his Bitcoin price target of $250,000 to be reached. Speaking to Yahoo Finance, Draper said that while Bitcoin price could still reach $250,000 by 2022, he was not restricting himself to that timeline as the target might instead be achieved in the first quarter of 2023: $250,000 by 2022, and…

Bitcoin Up 30% in 2 Weeks, Macro Investor Says FX Wars Fueing Rally

Bitcoin Up 30% in 2 Weeks, Macro Investor Says FX Wars Fueing Rally 15  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin price is booming and the global currency crunch has plenty to do with it, according to a macro investor. | Source: Shutterstock The bitcoin price is up by more than 30 percent in less than two weeks against the U.S. dollar following a 127 percent year-to-date gain from $4,000 to $9,100. The bitcoin price has increased by more than 30 percent against the U.S. dollar in the past two weeks (source: coinmarketcap.com) Fundamentals such as the hash rate of the Bitcoin blockchain network remains strong amidst an intensifying currency…

JPMorgan's Advice for Navigating Wild Stock Market Swings: BTFD

JPMorgan's Advice for Navigating Wild Stock Market Swings: BTFD 16  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Two top JPMorgan analysts are encouraging investors to buy the dip whenever the stock market tumbles, saying any Dow plunges are temporary. | Source: REUTERS / Lucas Jackson Two top JPMorgan analysts are encouraging investors to keep calm during any forthcoming stock market downturns and to buy when the Dow Jones tumbles. Why? Because they say the dips are temporary and the stock market will eventually recover any of its lost gains. JPMorgan: Stock market will regain previous highs JPMorgan quant guru Marko Kolanovic and chief U.S. equity strategist, Dubravko…