Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14,…

Elon Musk's SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla

Elon Musk's SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: As markets close Friday, Elon Musk’s aerospace venture SpaceX is poised to eclipse his car company Tesla in market value for the first time. Tesla’s stock is trading down 1.5% at press time with a $33.01 billion market cap attached. According to CNBC, SpaceX is valued at $33.3 billion. Additionally, SpaceX will be worth more than Tesla for the first time if $TSLA closes below $188.38 per share.https://t.co/BnRApsCBQa pic.twitter.com/Ncp0Dc3lkb — Michael Sheetz (@thesheetztweetz) May 31, 2019 SpaceX boasts an updated market valuation after a recent fundraising round. CNBC’s…

Cryptopia Turns to a U.S. Court for Account Holder Data Protection

Cryptopia Turns to a U.S. Court for Account Holder Data Protection 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

In the latest development over its security breach, cryptocurrency exchange Cryptopia has filed for bankruptcy protection in the U.S. The New Zealand-based exchange, which has been dealing with the fallout of a January 2019 hack, went into liquidation and stopped all trading earlier this month. Cryptopia’s assigned liquidator, Grant Thornton, then petitioned the Southern District of New York’s bankruptcy court to seek recognition of this liquidation and protect exchange data stored on servers by a firm in Arizona. Per a report from Bloomberg, the unnamed firm had terminated its agreement…

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

Nike, Telegram, Facebook, and Everyone Else Suddenly Love Blockchain

Nike, Telegram, Facebook, and Everyone Else Suddenly Love Blockchain 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Nike is launching a blockchain product. Telegram is launching a blockchain. Samsung is reportedly planning to launch its own token platform; building with Ethereum for the S10 wasn’t enough. Facebook is getting into blockchain. Google still hasn’t done much with it, but JP Morgan now uses it. The list of major corporate names edging in on the crypto space is staggeringly long. Should we be excited or turned off? Big Deal or Nah? For one thing, the development of all these new tokenized platforms is a lot of…

Bittrex Exchange Nixes RAID Token Sale at 11th Hour

Bittrex Exchange Nixes RAID Token Sale at 11th Hour 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bittrex Exchange Nixes RAID Token Sale Cryptocurrency exchange Bittrex said it canceled an “initial exchange offering” (IEO) just hours before it was set to launch. The RAID Project had planned to raise $6 million through the sale of a token called XRD to the exchange’s customers. But Bittrex said it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated. That alliance “was a vital part of the RAID project,” Bittrex said in a statement. “When Bittrex International became aware…

Why Bitcoin Drop to $1,850 May Be Next Despite Bullish Crypto Momentum

Why Bitcoin Drop to $1,850 May Be Next Despite Bullish Crypto Momentum 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Why Bitcoin Drop to $1,850 May Be Next Despite Bullish Crypto Momentum In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan. Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level. 3-Month Bitcoin Price Chart (Source: Coinmarketcap.com) The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains…

Three Price Resistance Levels to Beat for Bitcoin’s Bulls

Three Price Resistance Levels to Beat for Bitcoin's Bulls 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Three Price Resistance Levels to Beat for Bitcoin’s Bulls View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000. Bitcoin could challenge resistance at $4,190 in the next few days, as a strong bounce from the ascending 5-week moving average (MA) seen earlier this week…

Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties

Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties 14  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team. Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes in a Medium post that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.” “We took some time to dig further into this over the past week, and…