Dec 27, · Once bitcoin futures hit the CME Group, the price of bitcoin skyrocketed to nearly $20, Think of it this way: If you'd invested $ on January 1, , when one bitcoin . 2 days ago · Power Substation Burns out as Abkhazia Bitcoin Mining Woes Worsen. December 8, December 8, Share 0. Source: Adobe/denissimonov. Abkhazia’s crypto mining-related mayhem is hitting melting point – literally – with a power substation overheating and finally burning with legit and illegal miners alike refusing to slow down their. Dec 07, · Perhaps the biggest weakness of bitcoin is that it is not a “recognized” sovereign currency—that is, it is not backed by the full faith of any governing timberlandschuheherren.de: Michael Crider.
Bitcoin woesPower Substation Burns out as Abkhazia Bitcoin Mining Woes Worsen
Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there's no surefire way to determine if an options trade is a standalone position or a hedge. In this case, given the relatively large sizes of Tuesday's biggest Alibaba option trades, they could certainly be institutional hedging.
China has cracked down on Alibaba and its affiliate Ant Financial after Ma made critical comments about Chinese government regulators back in October. Ma hasn't made a public appearance in months, leading some to speculate that the Chinese Communist Party had Ma imprisoned or worse following his comments. While Alibaba is far from out of the woods when it comes to the regulatory crackdown, CNBC reported Ma has simply been lying low and avoiding the public eye since his controversial comments.
Benzinga does not provide investment advice. All rights reserved. What Happened: U. The order will only come into force after Trump leaves office as it is scheduled to be applicable in 45 days' time. The order underscored the threats posed by Chinese applications, which could permit the Asian power to track the location of Federal employees and contractors and "build dossiers of personal information.
A federal judge had subsequently issued orders to halt the ban on TikTok the following month. As per the latest reports, Ant Group could be forced to divest a part of its equity portfolio.
Chinese regulators are also considering asking the fintech firm to share consumer data, as per a Wall Street Journal report on Tuesday. Price Action: Alibaba shares traded 2. A new year, a new addition to the stock portfolio — what can make more sense than that?
The right time to buy, of course, is when stocks are priced at the bottom. But the markets are up. With a market environment like that, finding stocks that are caught in the doldrums is harder than it looks. That's where the Wall Street pros can lend a hand.
Not to mention each has earned a Moderate or Strong Buy consensus rating. Esperion ESPR We will start with Esperion, a company that specializes in therapies for the treatment of elevated low-density lipoprotein cholesterol levels — a major factor contributing to heart disease. Bempedoic acid remains in clinical trials of its efficacy in risk reduction for cardiovascular disease. The trial, called CLEAR Outcomes, is a large-scale, long-term study, tracking more than 14, patients with top-line data expected in the second half of The study covers 1, locations in 32 countries around the world.
Esperion shares peaked last February, after the FDA approvals, but since then, the stock has declined. The offering gives the company a boost in available capital for further work on its development pipeline and its marketing efforts for bempedoic acid.
We believe this financing should help put to rest concerns regarding Esperion's balance sheet. This growth trajectory suggests potential for a rapid acceleration when conditions improve," Messer wrote. Intercept has a research pipeline based on FXR, a regulator of bile acid pathways in the hepatic system. The effect on the stock is still felt, and ICPT remains at its week low point.
In reaction, in December of , Intercept announced major changes in top-level management, as CEO and President Mark Pruzanski announced he's stepping down effective January 1 of this year. Pruzanski's dedication to transform the liver space is still strong, and that he will continue to guide ICPT's progress as an advisor and Board member. By November, however, even though remdesivir had been approved, the World Health Organization WHO was recommending against its use, and the COVID vaccines now on the market have made remdesivir irrelevant to the pandemic.
The company has been working, in conjunction with Galapagos GLPG , on development of filgotinib as a treatment for rheumatoid arthritis. Looking at the consensus breakdown, opinions from other analysts are more spread out. The analyst raised the volume estimate to 5. The analyst said the market has chosen to discount the value of Tesla compared to peers despite a range of high outcomes.
It's hard to find a more innovative company, especially in the electric vehicle and autonomous vehicle markets said Jonas calling Tesla the best positioned. The stock was up 2. PFE is dropping the big blue pill for something a bit more… science-y. The rebranding comes as Pfizer ticker: PFE completes a slimming-down that has seen it shed a range of businesses, to focus almost entirely on inventing and buying new drugs.
Deliveries are expected to begin in July , with roughly per year through , with Workhorse expected to deliver the remaining between and It's not out of the question that programmers, with overwhelming community support, could choose to increase bitcoin's token limit at some point in the future.
Thus, bitcoin offers the perception of scarcity without actually being scarce. The king of cryptocurrencies also has a utility problem. To date, only Even considering the fact that fractional token ownership exists, roughly 10 million to 11 million tokens in circulation aren't going to go very far.
There's minimal utility here. Bitcoin may enjoy first-mover advantage at the moment, but the barrier to entry in the cryptocurrency space is especially low. All it takes is time and coding knowledge for blockchain -- the digital and decentralized ledger that records transactions -- to be developed and a digital token to be tethered to the network. There's nothing unique about bitcoin's underlying blockchain that other businesses couldn't one-up.
Another beef with bitcoin is that there's no tangible way to value it as an asset. For instance, if you want to buy shares of a publicly traded company, you can scour income statements, its balance sheet, read about industrywide catalysts, and listen to management commentary from recent conference calls and presentations. In other words, you can make an informed decision.
With bitcoin, there is no tangible data for investors to wrap their hands around. There's transaction settlement times and total circulating token supply, but neither of these figures tells us anything about the value or utility of bitcoin.
I believe investors are also placing their faith in the wrong asset. Over the long term, blockchain technology is where the real value lies. Blockchain can be used to reinvent supply-chain management and expedite overseas payments. But when folks are buying into bitcoin, they're gaining ownership in digital tokens with zero ownership of the underlying blockchain.
To build on this point, companies are also testing blockchain that's tethered to fiat currencies. A sixth issue is that blockchain is still years away from gaining real relevance. Three years ago, when blockchain companies and cryptocurrency stocks were the hottest thing since sliced bread, it was expected that blockchain technology would be quickly adopted. Little did investors foresee the Catch that would arise.
Specifically, no businesses are willing to make the costly and time-consuming switch to blockchain without the technology being broadly tested -- yet companies aren't willing to make this initial leap to test the technology and prove its scalability. By no means are cryptocurrencies the only asset to be hacked by thieves, but there are serious fraud and theft concerns that accompany bitcoin. For instance, novice bitcoin investors may not understand the need to store their tokens in a digital wallet, thereby leaving them susceptible to theft by hackers.
Additionally, it's been hypothesized by numerous blogs and publications that North Korea has turned to bitcoin mining and theft to funnel money into its isolated economy. Bitcoin is commonly viewed as the "currency" of choice for criminal organizations.
Bitcoin is also an unregulated asset. Though this lack of regulation is actually a selling point for today's crypto investors given that it provides some degree of anonymity, it's bad news if something ever goes wrong.
Since the majority of cryptocurrency trading and transactions occur outside the borders of the United States, the Securities and Exchange Commission is very limited in what it can do if your digital tokens are ever stolen. The Internal Revenue Service expects you to report capital gains and losses tied to investment activity, as well as gains and losses associated with purchasing goods and services. It's a gigantic headache.
Last, but not least, all next-big-thing investment bubbles eventually burst. No matter how excited investors are about bitcoin and its underlying blockchain, history suggests it won't be enough to match lofty expectations.
Extreme volatility is a given with digital currencies like bitcoin, and history would suggest that significant downside from its current price is a near certainty as well. Investing