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Bitcoin and the aggregated crypto markets have incurred a significant amount of upwards momentum over the past few days that has allowed BTC to put a significant amount of distance between its current price and its recent lows of $9,100. Now, one Bitcoin advocate is claiming that there is a high possibility that the crypto runs as high as $15,000 in the next week or so, and the crypto’s technical formations may support this possibility. Bitcoin Runs Towards $11,000 as Buying Pressure Builds At the time of writing, is trading up over 1% at its of $10,945, which is up significantly from its daily lows of $10,600, which were set yesterday after a short period of choppy trading. Importantly, this upwards momentum has sent BTC up to a key resistance level of $11,000, which was the price at which the cryptocurrency faced a swift rejection at a couple weeks ago. Currently it remains unclear as to whether or not this price level will once again be a strong region of resistance, but any significant rejection here may invalidate the bullishness has been incurring as of late, and send it reeling lower. Despite this, Max Keiser, an incredibly popular figure within the cryptocurrency industry, explained in a recent tweet that he believes that low-confidence in centralized institutions could push BTC towards $15,000 in the very near future. “I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low,” he explained. I’m sensing will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low. — Max Keiser, tweet poet. (@maxkeiser) Technical Analysis May Support Keiser’s Theory Although a surge from below $11,000 to over $15,000 seems somewhat farfetched, it may actually be quite plausible while considering the bullish BTC has been incurring. Josh Olszewicz, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a follow through on some bullish technical signals could lead Bitcoin as high as $18,500 in the near-future. “4h $BTC: e2e nearly complete now, had a few things to support prob of success: – bullish tk cross – confluence w/pattern formation (A&E) – past few convincing 4h kumo breakouts since april have been 40%-70% moves moves, would be 15-18.5 in this case,” he explained in a recent tweet. 4h e2e nearly complete now, had a few things to support prob of success:– bullish tk cross– confluence w/pattern formation (A&E) past few convincing 4h kumo breakouts since april have been 40%-70% moves moves, would be 15-18.5 in this case — Josh Olszewicz (@CarpeNoctom) As the week wraps up, it is highly probable that analysts and investors alike will soon gain greater insight into whether or not Bitcoin is ready to begin a fresh upwards surge. Featured image from Shutterstock. The post appeared first on .
UCLA's search for a head basketball coach has taken a new turn, with multiple media outlets reporting that Tennessee coach Rick Barnes, fresh off guiding the Volunteers to the Sweet 16, is the new front-runner.
According to reports in UK news publication , a ATM located in a grocery store has been targeted in the Northampton area by thieves in a brazen robbery. A group of three individuals are wanted in relation to the offence. During the incident, one of the trio threatened a shop keeper with a machete, whilst another smashed the Bitcoin ATM from the wall with a sledgehammer. The authorities are still to disclose the financial value of the robbery. UK: Armed Robbers Make Off With Bitcoin ATM The Bitcoin ATM robbery allegedly took place at around 20:30 on the evening of Tuesday, March 12. The local police constabulary did not report the incident until earlier today, however. According to statements from the authorities, three individuals arrived at a branch of a Costcutter convenience store on the evening in question. One of the trio waited outside, whilst the other two entered the premises. Wielding a curved machete, one of the pair threatened the shop assistant. Meanwhile, the second used a sledgehammer to forcibly dislodge the shop’s from the wall. Seemingly only interested in the exchange terminal, the three swiftly left the scene with the unit. They are reported to have fled down Haines Road and then Euston Road. According to a spokesperson for the local police force: “All the men wore face coverings and gloves. The one with the machete is described as wearing a black balaclava, black puffer parka jacket, blue jogging bottoms and light coloured trainers. The man with the sledgehammer wore a black balaclava, grey/green puffer style parka jacket, black jogging bottoms and black trainers. The third man wore a grey puffer style parka jacket and had a grey face covering.” Police are currently appealing for any witnesses or individuals with knowledge of the Bitcoin ATM robbery incident to contact them with any information. They can contact the Northampton Police on its non-emergency line, +101. No Bitcoin Stored in this Machine Overnight… As mentioned, there is no indication as to how much the trio of robbers made off with. However, based on knowledge of the current UK market, it cannot have been a great deal. Earlier this month, NewsBTC on a survey of UK consumers’ knowledge of digital assets. The results showed that just three percent of those asked had ever invested in crypto and of that number, only around half had ever spent more than £200 on digital assets. These findings, coupled with the huge commissions often charged by Bitcoin ATMs that discourage their use, suggest that the reported robbery of the Bitcoin ATM might not have been as profitable as the trio initially expected. Evidently, those involved in the incident did not act with the same level of sophistication as the recently Calgary criminal gang who targeted Bitcoin ATMs during 2018 to the tune of $145,000. Perhaps the Northampton robbers were labouring under the same misguided pretences as those who supposedly attacked the Bitcoin ATM in the Tweet below… When technology is ahead of burglars. Someone stole a Bitcoin ATM and tried to pull coins from there. Bitcoin is the safest method of transaction — Alexander .F. Peterson (@Alexand23230564) Related Reading: Featured Image from Shutterstock. The post appeared first on .
Fundstrat Global Advisors’ price target for Bitcoin was updated to “over $20,000 by the end of the year”, according to Tom Lee, founder and head strategist of the equity research house. While bullish and predicting a turn of events within the next six months, Lee’s forecast is still a cut of about 20% on the previous price target, estimated at $25,000. Fundstrat’s Tom Lee Cuts Bitcoin Price Target Which Is Still 200 Percent Higher Than Today Bitcoin has bounced off the $5,800/$6,000 lows last week and is now steadily moving towards the $7,000 area. The world’s largest cryptocurrency by market capitalization remains pressured to the downside overall in 2018, but a wider time frame provides a different story to investors and analysts. Bitcoin is trading more than two times its worth exactly one year ago when it traded at $2,577. Quite a feature when compared to most markets, especially foreign exchange. Tom Lee, the only major Wall Street analyst to issue price forecasts for Bitcoin, takes the whole history of Bitcoin and the most recent developments into account when updating the price target, which once was placed at $25,000. Lee explained on CNBC’s pre-market morning news and talk program “” how he calculated the new $20,000 target for the year-end. “Bitcoin has historically traded at 2.5 times its mining costs. It’s not out of the question that it could be over $20,000 by the end of the year at fair value.” Tom Lee Lee, a former chief equity strategist at , still stressed that the new price target is about 200 percent higher than current levels, at approximately $6,750. “The reason bitcoin looks really good here is the cost of mining around $7,000 fully loaded. And the difficulty is rising. So by the end of the year, it’s going to be $9,000.” Cryptocurrency miners have already made about 80 percent of the 21 million to be ever put into existence. The Fundstrat’s lead strategist explained that the distributed ledger technology is a multidecade story in its early stages like many other technologies that preceded blockchain. “I did wireless in the 1990s. I saw 20 years of mobile and internet convergence. To me, this is not that different,” Lee said. Tom Lee for Bitcoin in September 2017. The digital asset, which is worth 42.1% of the whole cryptocurrency market, according to CoinMarketCap, did rally intensely in Q4 2017, but the bullish momentum peaked at the $20,000 area. In May 2018, the analyst said: “The move from $8,000 to $25,000 [would] happen .” Last month, Lee on his $25,000 prediction. Featured image from Shutterstock. The post appeared first on .