Will Boeing Stock Fly High Ever Again?

Boeing lost its title as world’s largest plane maker after delivering only 380 jets and having negative orders for commercial jets in 2019. The company expects future losses of more than $18 billion tied to the ongoing Boeing 737 Max saga. Wall Street analysts have updated their ratings amid the nearly year-long grounding of the 737 Max. For years, Boeing (NYSE: BA) was one of the most respected American industrial and defense companies. Those days are long gone. Last year, the business found itself in the spotlight for all the…

Derivatives Exchange Deribit Launches Daily Ether Options

Panama-based cryptocurrency derivatives exchange Deribit has listed daily options on ether (ETH). The platform announced the news on Twitter on Monday. The new product will have strike price intervals of $5 and can be traded in the 24 hours preceding the expiry at 08:00 UTC every day. They will have a lifetime of two trading days at the time of introduction. From Feb. 19, the exchange will also be reducing the tick size for all ether options from the current 0.001 ETH to 0.0005 ETH, Deribit CMO Andras Caron said.…

A $2M Bitcoin Long Just Got Liquidated on Binance; Start of a Steep Correction?

Bitcoin took a substantial hit in trading on Monday, moving from $10,000 to $9,452, in just fourteen hours. The drop, which largely came on profit-taking sentiment, also saw Binance Futures registering one of its biggest long liquidations: worth $2 million. The overleveraged exit order did not switch Bitcoin’s long-term bias – which remains bullish, but it still ended up leaving the market sentiment in distaste. The position showed how bulls feel threatened by the cryptocurrency’s sharp retracement from $10,500-resistance. The downside moves prompted them to close their highly-leveraged Long positions.…

Blockchain Deployment Rises Amid Coronavirus Outbreak

Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public. For the first two weeks of February, China saw the launch of as much as 20 blockchain-based applications designed to help fight the coronavirus outbreak, domestic news outlet People’s Daily Online reported on Feb. 17. Most of the apps are used to manage citizens’ personal data as many people are returning to work this month. Blockchain is on guard for medical data security Local authorities…

Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation creates congestion on the blockchain that harms a cryptocurrency’s utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines the effectiveness of cryptocurrencies to function as a means of payment. Because blockchains have a limited processing capacity, periods of high usage make transactions slower and more expensive, the paper observes. Assuming a cryptocurrency’s value derives from its utility as…

Bitcoin Ready to Explode, According to This Key Metric

Crypto enthusiasts are still divided on whether the halving is already priced in. Google Trends data reveal that the search term “bitcoin halving” is gaining traction. Analysts believe that bitcoin will soar after the halving generates media hype. The highly-anticipated bitcoin halving is months away and many traders are still undecided whether the event is priced in or not. To provide some context, the top cryptocurrency is up by over 50% from the 2019 bottom. In the previous two halvings, bitcoin soared by at least 2,902%. It’s very unlikely that…

Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC further rejects $10K Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.  The shift lower followed a four-day slide for Bitcoin, which had topped out at $10,500 before seeing considerable resistance kick in.  Some traders appeared worried, as evidenced by…

India’s Citizens Will Vote With Blockchain, Election Commissioner Says

India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system. According to The Times of India on Feb. 13, India’s Chief Election Commissioner Sunil Arora said that the country hopes to increase voter turnout with a blockchain-based voting solution. Using blockchain to prevent “lost votes” Arora said that, in the 2019 elections, 300 million eligible voters did not vote because they were either not politically engaged or were far from where their registered voting district on election day. The Times…

Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

FCoin, a crypto exchange that adopted the controversial “trans-fee mining” model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users’ withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin. The post, first published in Chinese and later translated on…

Bitcoin SV Dips 33% amid Altcoin Season Bust and More Losses are Coming

The altcoin market is bleeding red and Bitcoin SV (BSV) is its most injured pawn. The fifth-largest cryptocurrency on Monday slipped by circa 10 percent to establish a new intraday low at $256.66. The move downhill came as a part of a larger bearish correction that started last week when BSV was trading at $382.70. Bitcoin SV loosening its grip on bulls | Source: TradingView.com, Coinbase As usual, traders used the said local top for profit-taking – and the price dipped by 33 percent so far into the retracement. But…