18 Stocks Moving in Tuesday’s Pre-Market Session

Gainers

  • Planet Green Holdings Corp. (NYSE: PLAG) rose 40% to $1.61 in pre-market trading as Form 4 showed CEO Bin Zhou bought 1.32 million shares at an average price of $2.60 per share.
  • ZIVO Bioscience, Inc. (NASDAQ: ZIVO) rose 24.3% to $5.38 in pre-market trading after dropping over 20% on Monday.
  • Frequency Electronics, Inc. (NASDAQ: FEIM) rose 17.8% to $11.25 in pre-market trading. Frequency Electronics said it won a $17.75 million contract by Office of Naval Research to develop pulsed optically-pumped rubidium atomic frequency standard.
  • Puxin Limited (NYSE: NEW) rose 15.1% to $0.61 in pre-market trading after climbing over 10% on Monday.
  • Farmmi, Inc. (NASDAQ: FAMI) shares rose 15% to $0.2730 in pre-market trading after jumping 14% on Monday. Farmmi’s subsidiary Zhejiang Forest Food Co Ltd won an additional multi-product order for export to Israel.
  • iPower Inc. (NASDAQ: IPW) rose 12.2% to $5.16 in pre-market trading after reporting Q4 results.
  • NeuroBo Pharmaceuticals, Inc. (NASDAQ: NRBO) rose 11.9% to $4.23 in pre-market trading. NeuroBo Pharmaceuticals, last month, reported a Q2 loss of $0.18 per share.
  • Sarcos Technology and Robotics Corporation (NASDAQ: STRC) rose 9.3% to $9.95 in pre-market trading after declining around 9% on Monday.
  • Eros STX Global Corporation (NYSE: ESGC) rose 6.2% to $0.9874 in pre-market trading after dropping over 5% on Monday.
  • Tellurian Inc. (NASDAQ: TELL) rose 5.6% to $4.32 in pre-market trading after gaining over 10% on Monday.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

Check out these big penny stock gainers and losers

Losers

  • Newpark Resources, Inc. (NYSE: NR) shares fell 11.7% to $2.95 in pre-market trading after surging around 8% on Monday.
  • Paltalk, Inc. (NASDAQ: PALT) fell 11.5% to $4.78 in pre-market trading after jumping 35% on Monday. The company, last month, reported an increase in Q2 earnings and sales.
  • ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) shares fell 10.4% to $1.90 in pre-market trading after the company announced a strategic reduction in workforce and extension in cash runway.
  • Red Cat Holdings, Inc. (NASDAQ: RCAT) shares fell 8.3% to $3.30 in pre-market trading. Red Cat Holdings shares climbed 50% on Monday after the company won a 5-year NASA contract.
  • Logitech International S.A. (NASDAQ: LOGI) fell 7.2% to $89.79 in pre-market trading. Morgan Stanley downgraded Logitech International from Equal-Weight to Underweight and lowered the price target from $119 to $82.
  • Aehr Test Systems (NASDAQ: AEHR) fell 6.7% to $14.08 in pre-market trading after dropping around 5% on Monday. The company released quarterly earnings last week.
  • Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) shares fell 5.3% to $1.26 in pre-market trading. The company recently said it is establishing Powercrypto Holdings for its Crypto Mining and Digital Asset operations.
  • Globus Maritime Limited (NASDAQ: GLBS) fell 5.1% to $3.19 in pre-market trading after the company reported H1 and Q2 earnings results.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source: https://www.benzinga.com/news/21/09/23129058/18-stocks-moving-in-tuesdays-pre-market-session

Here’s How Your Trade eBay Inc. (EBAY) Aggressively Right Now

eBay Inc. (NASDAQ:EBAY) went up by 0.93% from its latest closing price compared to the recent 1-year high of $77.83. The company’s stock price has collected 1.10% of gains in the last five trading sessions. Press Release reported 12 hours ago that The 4Less Group. Inc (OTCQB: FLES) Announces Availability of Initiation of Coverage Profile Report by WallStreet Research(TM)

Is It Worth Investing in eBay Inc. (NASDAQ :EBAY) Right Now?

eBay Inc. (NASDAQ:EBAY) scored a price-to-earnings ratio above its average ratio, recording 22.64 x from its present earnings ratio. Plus, the 36-month beta value for EBAY is at 1.11. Opinions of the stock are interesting as 8 analysts out of 28 who provided ratings for eBay Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 16 rated it as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored

The average price from analysts is $73.78, which is -$0.55 below the current price. EBAY currently public float of 625.21M and currently shorts hold a 4.46% ratio of that float. Today, the average trading volume of EBAY was 6.82M shares.

EBAY’s Market Performance

EBAY stocks went up by 1.10% for the week, with a monthly drop of -2.60% and a quarterly performance of 7.05%, while its annual performance rate touched 40.38%. The volatility ratio for the week stands at 1.83% while the volatility levels for the past 30 days are set at 2.08% for eBay Inc.. The simple moving average for the period of the last 20 days is -0.82% for EBAY stocks with a simple moving average of 16.88% for the last 200 days.

Analysts’ Opinion of EBAY

Many brokerage firms have already submitted their reports for EBAY stocks, with Jefferies repeating the rating for EBAY by listing it as a “Hold.” The predicted price for EBAY in the upcoming period, according to Jefferies is $83 based on the research report published on September 09th of the current year 2021.

Piper Sandler, on the other hand, stated in their research note that they expect to see EBAY reach a price target of $79, previously predicting the price at $81. The rating they have provided for EBAY stocks is “Overweight” according to the report published on August 12th, 2021.

Mizuho gave a rating of “Neutral” to EBAY, setting the target price at $65 in the report published on August 12th of the current year.

EBAY Trading at 2.00% from the 50-Day Moving Average

After a stumble in the market that brought EBAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.35% of loss for the given period.

Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.05% upper at present.

During the last 5 trading sessions, EBAY rose by +1.10%, which changed the moving average for the period of 200-days by +48.83% in comparison to the 20-day moving average, which settled at $74.14. In addition, eBay Inc. saw 46.61% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at EBAY starting from Thompson Pete, who sale 1,394 shares at the price of $74.89 back on Sep 17. After this action, Thompson Pete now owns 48,761 shares of eBay Inc., valued at $104,397 using the latest closing price.

Doerger Brian J., the VP, Chief Accounting Officer of eBay Inc., sale 2,862 shares at $77.69 during a trade that took place back on Aug 30, which means that Doerger Brian J. is holding 8,031 shares at $222,350 based on the most recent closing price.

Stock Fundamentals for EBAY

Current profitability levels for the company are sitting at:

  • +26.35 for the present operating margin
  • +75.62 for the gross margin

The net margin for eBay Inc. stands at +24.79. The total capital return value is set at 23.33, while invested capital returns managed to touch 23.34. Equity return is now at value 222.70, with 58.70 for asset returns.

Based on eBay Inc. (EBAY), the company’s capital structure generated 233.50 points at debt to equity in total, while total debt to capital is 70.02. Total debt to assets is 43.06, with long-term debt to equity ratio resting at 228.17. Finally, the long-term debt to capital ratio is 68.42.

>> 7 Top Picks for the Post-Pandemic Economy <<

When we switch over and look at the enterprise to sales, we see a ratio of 3.96, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 7.65 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.

Sponsored

Source: https://newsheater.com/2021/09/28/heres-how-your-trade-ebay-inc-ebay-aggressively-right-now-4/

Watch Day Trading Live – September 27, NYSE & NASDAQ Stocks – It’s Market

Live from the DTTW trading floor! TRADERS with 50+ years of combined trading experience trade real money for real profits, and sometimes loss. Our multi-million dollar TV studio broadcasts the first and only professional Trading Show on YouTube Live.

Join us on YouTube Live every weekday from 8:30am to 11:00am EST to trade the NYSE, NASDAQ, CME, BOVESPA and the TORONTO STOCK EXCHANGE, TMX.

The Program in EST:
8:30 Premarket Movers – What is hot! What will we trade?
9:30 Market Open – Live trading till Noon.
10:00 Happening now – Summary of all markets
10:03 More Live trading
10:10 Upgrades and downgrades – Stocks up or down
10:13 Live trading again
10:20 Small Cap Recap – See how the Small Caps doing
10:23 More Live Trading
10:31 Live Trading
10:40 Sector Watch – See how different industries are doing!!
10:43 Live trading again
10:50 Money Talks – Forex rates!
10:53 More Live Trading
11:00 End of show.

For stock trading tips & information for improving your trading skills, subscribe to our 2nd channel “Market Wisdom by TraderTV.Live”: https://www.youtube.com/channel/UCtiovhx7c5ON5bPVFfPaSZw/

Powered by DTTW™ – Make Money by Opening Your Trading Office
https://dttw.com

Trading on PPro8™, the best Trading Platform for Stock, Forex and Futures traders.

SIGN UP FOR A FREE DAILY ​WATCHLIST: https://watchlist.tradertv.live/

📝CHAT RULES
The purpose of this chat is to create a trading community providing an environment where traders can share trade ideas, strategies and promote financial growth by helping each other progress.

1) Be positive and respectful and mindful of others.

2) Refrain from swearing, demeaning or offensive language.

3) Learn and contribute to the room, and make our chat community one you are proud to be a part of!

4) No pumping, promoting or bashing stocks. If there is relevant news, briefly summarize it. Do not say things like: “Come on AAPL” or “SPCE is a fraud”. If you give an alert, give a reason, “TSLA dropping like a rock!”

5) None of the trades you see here is a recommendation to make a trade or investment. Should one of our traders say that it is a recommendation, they are speaking amongst each other.

6) Our traders are not investment advisors. Please do not ask them to have a look at your watch list or portfolio.

7) If you just follow Rule #1, it encompasses everything! Failure to follow chat guidelines does not come with a warning.

📜DISCLAIMER
Legal Notice: The views and opinions expressed on TraderTV.Live are provided for information purposes only and should NOT be taken as (a) a solicitation of an offer to buy or sell a security, (b) an endorsement or recommendation of any particular security or trading strategy, or (c) investment advice.

The trading activity shown on TraderTV.Live are, stocks, futures and Forex purchases and sales, using real money and real-time market data. Our traders may own the securities they are trading on TraderTV.Live in their personal portfolios.

BEFORE MAKING ANY INVESTMENT DECISION, IT IS STRONGLY RECOMMENDED YOU SEEK ADVICE FROM A QUALIFIED BROKER OR INVESTMENT ADVISOR.

TRADERTV.LIVE DOES NOT PROVIDE OR GUARANTEE ANY FINANCIAL, LEGAL, TAX, OR ACCOUNTING ADVICE OR ADVICE REGARDING THE SUITABILITY, PROFITABILITY, OR POTENTIAL VALUE OF ANY PARTICULAR SECURITY, TRADING STRATEGY, OR INFORMATION SOURCE.

All content appearing on TraderTV.Live is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.

#daytrading #livetrading #stocktrading

More from: Live Trading by TraderTV Live

Continue Reading

For stock trading tips & information for improving your trading skills, subscribe to our 2nd channel “Market Wisdom by TraderTV.Live”: https://www.youtube.com/channel/UCtiovhx7c5ON5bPVFfPaSZw/

Source: https://its.markets/watch-day-trading-live-september-27-nyse-nasdaq-stocks/

No Let Up Overnight


September 28, 2021 05:21 GMT

US TSYS

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Areas of interests

Market News may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

Core fixed income markets cheapened during Asia-Pac hours, with spill over from Monday’s U.S. Tsy trade and a continued uptick in crude oil futures applying weight to the space. T-Notes last trade -0-07+ at 131-18, at session lows, with bears now looking to the June 17 low (131-14). Cash Tsys run 1.0-3.0bp cheaper across the curve, with bear steepening in play. Asia-Pac flow was highlighted by a 2.5K block buy of FVZ1 futures, while the short end saw a relatively heavy round of screen lifts (~22K) in EDZ2. Both rounds of market activity came before the steepening impulse kicked in.

  • To recap, cash Tsy trade saw cheapening across the curve on Monday, with circa 1.0-4.5bp of weakness witnessed come the bell, as 7s led the way lower. The space finished off of intraday cheaps, with a downtick for the S&P 500 perhaps limiting the weakness, while there was plenty of talk of convexity-related hedging when it came to a source of pressure for the space. Worst levels of the day came on the back of firmer than expected flash durable goods data. Monday’s Fedspeak continued to greenlight a taper in the coming months, affirming the message at the centre of last week’s FOMC decision and subsequent press conference, with the clear delineation between tapering and rate hikes remaining evident (although Brainard and Evans continue to fall on the dovish side of the central view). Meanwhile, Dallas Fed President Kaplan & Boston Fed President Rosengren noted that they will step down from their respective roles in light of their recent trading disclosures, although Rosengren’s resignation pointed to health issues.
  • 2-Year supply saw a 0.8bp tail with the cover ratio cratering and dealer takedown jumping above the recent average, a casualty of a truncated supply schedule/Fed policy views. 5s saw a warmer acceptance, stopping through WI by 0.4bp, with the cover ratio holding steady around the recent average, although dealer takedown ticked above its own recent average.
  • Tuesday’s docket is headlined by 7-Year supply, consumer confidence data, Fedspeak from Powell (accompanied by Tsy Sec Yellen, although transcripts have already been released), Bowman, Bostic & Evans, as well as the continued fiscal debate on the Hill.
  • To recap, cash Tsy trade saw cheapening across the curve on Monday, with circa 1.0-4.5bp of weakness witnessed come the bell, as 7s led the way lower. The space finished off of intraday cheaps, with a downtick for the S&P 500 perhaps limiting the weakness, while there was plenty of talk of convexity-related hedging when it came to a source of pressure for the space. Worst levels of the day came on the back of firmer than expected flash durable goods data. Monday’s Fedspeak continued to greenlight a taper in the coming months, affirming the message at the centre of last week’s FOMC decision and subsequent press conference, with the clear delineation between tapering and rate hikes remaining evident (although Brainard and Evans continue to fall on the dovish side of the central view). Meanwhile, Dallas Fed President Kaplan & Boston Fed President Rosengren noted that they will step down from their respective roles in light of their recent trading disclosures, although Rosengren’s resignation pointed to health issues.
  • 2-Year supply saw a 0.8bp tail with the cover ratio cratering and dealer takedown jumping above the recent average, a casualty of a truncated supply schedule/Fed policy views. 5s saw a warmer acceptance, stopping through WI by 0.4bp, with the cover ratio holding steady around the recent average, although dealer takedown ticked above its own recent average.
  • Tuesday’s docket is headlined by 7-Year supply, consumer confidence data, Fedspeak from Powell (accompanied by Tsy Sec Yellen, although transcripts have already been released), Bowman, Bostic & Evans, as well as the continued fiscal debate on the Hill.

Source: https://marketnews.com/no-let-up-overnight

Hedge funds score taper trade hat trick: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.)

ORLANDO, Fla., Sept 27 (Reuters) – Ahead of the Fed’s policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar.

Going by markets’ initial reaction to the Fed’s hawkish turn, the combination play was perfectly timed.

The question now is whether this really is the beginning of a sustained move up in yields and steepening of the curve, or yet another false dawn.

Data from the Commodity Futures Trading Commission show that hedge funds and speculators in the week to Sept. 21 cut their net long 10-year Treasuries holdings by more than half and added to their net short position in the 2-year bonds.

They reduced their net long 10-year holdings by 68,202 contracts to 61,221. This followed a large swing the other way the week before, and came just before the Fed indication that it will start tapering its bond purchases “soon” triggered a jump in yields and rise in bond market volatility.

At the same time, they were net sellers of a much more modest 5,768 contracts in the 2-year space to increase their net short position to 30,401 contracts. This bet on a “bear steepening” of the curve, driven by more aggressive selling of the longer-dated issue, looks to be in the money.

The curve steepened by more than 10 basis points the day after the Fed meeting, the most in 18 months and one of the biggest steepening moves in years. At 118 bps, the curve is now its steepest in two and a half months.

Supply constraints are pushing inflation and inflation expectations higher, which is moving some Fed officials to entertain the prospect of interest rates rising as early as next year.

If these supply side pressures are compounded by demand side impulses, yields could continue rising and the curve may steepen further. Certainly, the short-term momentum looks to be upward, with the 10-year yield finally breaking above the recent top around 1.38%.

KING DOLLAR

Strategists at Citi reckon the curve will continue to steepen in the near term as investors build in more term premium into the longer end. Ten-year Treasuries may also be vulnerable to an asset allocation shift seeking a year-end equity rally.

But there remains a high degree of uncertainty on how the economy will stand up to the Delta variant, a relative tightening of fiscal policy, the Fed winding down its bond purchases, China-fueled global growth worries, and ultimately the rise in yields itself.

The Fed cut its 2021 GDP growth forecast to 5.9% from 7.0% in June, and growth next year is expected to slow further. It’s not the consensus view just now, but these factors could put a brake on the rise in longer-dated yields and flatten the curve.

Whether yields continue rising, the curve steepens or flattens, or the market is in “risk on” or “risk off” mode, the dollar is attracting buyers.

Hedge funds extended their net long dollar holdings for a tenth week, and at $13.45 billion it is the largest since March last year. The dollar hit a one-month peak against a basket of currencies last week, and is a whisker away from printing new highs for the year.

But funds will be well aware that the volatility they thrive on remains stubbornly elusive in foreign exchange. Implied one-month euro/dollar volatility slid to 4.338% on Friday, the lowest since February last year just before the pandemic struck.

This points to relatively benign market conditions and rangebound trading. If so, the near-term upside to funds’ bullish bets on the dollar may be limited.

By Jamie McGeever; Editing by Daniel Wallis

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Source: https://www.kitco.com/news/2021-09-27/Hedge-funds-score-taper-trade-hat-trick-McGeever.html

Dow rises 200 points as 10-year yield retakes key 1.5% level, tech shares weigh on broader market

U.S. stocks were split on Monday morning as traders braced for the final week of a volatile September and Treasury yields rose.

The S&P 500 fell by 0.2% and the Nasdaq Composite shed nearly 2% as tech stocks showed weakness in early trading. The Dow Jones Industrial Average rose more than 200 points as energy stocks and bank shares pushed higher.

The divergence for the major averages came as Treasury yields pushed higher. The 10-year Treasury yield increased on economic optimism and inflation fears, briefly topping 1.5% on Monday. That’s the highest since June and up from 1.30% at the end of August.

“We believe that these [bond market] moves have provided the spark for another ‘Value Rip’ across equity markets. In our view, the direction of longer-term interest rates should remain the #1 driver of market returns, sector rotation & thematic performance in the weeks ahead,” Chris Senyek of Wolfe Research said in a note to clients.

Alphabet, Apple and Nvidia were lower in early trading, weighing the S&P 500 and Nasdaq. Tech stocks are seen as sensitive to rising interest rates because higher debt costs can make long-term growth less attractive to investors.

Also weighing on sentiment was a potential government shutdown to end the week.

Stocks linked to the economic comeback led the early gains as U.S. Covid cases continued to roll over.

U.S. cases averaged about 120,000 per day over the last week, according to data compiled by Johns Hopkins University, down from a 7-day average of more than 166,000 cases at the peak of this latest wave in early September. Pfizer CEO Albert Bourla said on Sunday that he thought the U.S. could return to normal “within a year” though annual vaccinations might be needed.

Carnival Corp rose 6% and United Airlines added 2.9% in early trading. Shares of Boeing jumped 2.7%.

The rise in yields appeared to boost financial stocks on Monday, with the KBW Bank Index climbing 2.4%.Shares of Goldman Sachs and JPMorgan Chase rose more than 2%, making them some of the best performers in the Dow.

Exxon Mobil and Occidental Petroleum led gains in the energy sector as WTI crude continued its September run, topping $74 a barrel.

Additionally, the August reading for durable goods orders came in well above expectations on Monday, powered in large part by a jump for the transport sector.

Government shutdown?

Investors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.

House Speaker Nancy Pelosi said Sunday that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline.

Congress must pass a new budget by the end of September to avoid a shutdown, and lawmakers must also figure out a way to increase or suspend the debt ceiling in October before the U.S. would default on its debt for the first time.

“DC will start garnering more attention in the coming weeks as the political calculus around passing infrastructure bills and the debt ceiling debate likely guarantees some market moving headlines,” wrote Tavis McCourt, institutional equity strategist at Raymond James.

Wall Street is coming off a roller-coaster week amid a slew of concerns from the debt crisis of China’s real estate giant Evergrande, to the Federal Reserve’s signal on rollback in monetary stimulus, and to Beijing’s crackdown on cryptocurrencies. Still, major averages managed to wipe out steep losses earlier in the week and eke out small gains.

The blue-chip Dow finished the week 0.6% higher, breaking a three-week losing streak. The S&P 500 rose 0.5% on the week, while the tech-heavy Nasdaq Composite edged up 0.02% last week.

“The market recovery indicated that the buy-the-dip mentality remains,” Mark Hackett, chief of investment research at Nationwide, said in a note.

So far, September is living up to its reputation for volatility and weakness as major averages have all registered modest losses. Entering Monday, the S&P 500 was off by 1.5%, on track to post its first negative month since January. The broad equity benchmark is about 2% off its record high from Sept. 2. The Dow was down 1.6% for the month, while the Nasdaq had slipped 1.4%.

But overall, investors continue to buy the dip for stocks. The S&P 500 fell as much as 4% from its record during the month before turning around. Friday was 224 trading days since the last 5% pullback, the 8th longest streak since 1930, according to Goldman Sachs.

Stock picks and investing trends from CNBC Pro:

“We continue to exercise caution in the near term, especially as we enter the seasonally weakest part of the year (late September — mid-October),” Larry Adam, CIO at Raymond James, said in a note. “However, given continued robust economic growth, our bias is to hold existing equity exposure or add opportunistically on weakness.”

Elsewhere, bitcoin rebounded about 2% to $43,454 after dropping 5% on Friday. The sell-off came after China’s central bank declared all cryptocurrency-related activities illegal.

Source: https://www.cnbc.com/2021/09/26/stock-market-futures-open-to-close-news.html

Crypto-linked stocks plunge in Hong Kong, bitcoin steadies

HONG KONG/SINGAPORE (Reuters) -Cryptocurrency-linked stocks dropped in Hong Kong on Monday morning, after Chinese authorities intensified their crackdown on the industry, while major cryptocurrencies steadied.

Shares of crypto asset manager and trading firm Huobi Tech, an affiliate of Huobi Global, one of the world’s largest exchanges, fell more than 30% after the opening bell.

Huobi Global said on Sunday it had stopped taking new mainland customers https://www.reuters.com/world/china/cryptocurrency-exchange-huobi-clean-up-existing-mainland-clients-by-end-2021-2021-09-26 from Friday and would close accounts belonging to mainland-China based clients by the end of the year to comply with local regulations.

China’s regulators intensified a crackdown https://www.reuters.com/world/china/cryptocurrency-exchange-huobi-clean-up-existing-mainland-clients-by-end-2021-2021-09-26 on Friday, banning cryptocurrency transactions and mining, and saying that overseas exchanges are barred from providing services to mainland investors via the internet and that mainland-China based employees of overseas crypto exchanges would be investigated.

OKG Technology Holdings Ltd, a fintech and construction company majority owned by Xu Mingxing the founder of cryptoexchange OK Coin, fell more than 20%.

However, cryptocurrencies traded firmly on Monday, having rebounded from selling driven by the Chinese crackdown as buy-the-dip speculators swooped in.

Bitcoin was up about 2.4% in Asia trade at $44,250, having fallen to just below $41,000 in the wake of Friday’s announcement of a blanket ban on crypto mining and transactions in China – the most wide-ranging clampdown yet.

Rival token ether rose 3% to $3,163 and has recouped its Friday losses.

(Reporting by Tom Westbrook in Singapore and Alun John in Hong Kong; Editing by Muralikumar Anantharaman and Jacqueline Wong)

China’s regulators intensified a crackdown https://www.reuters.com/world/china/cryptocurrency-exchange-huobi-clean-up-existing-mainland-clients-by-end-2021-2021-09-26 on Friday, banning cryptocurrency transactions and mining, and saying that overseas exchanges are barred from providing services to mainland investors via the internet and that mainland-China based employees of overseas crypto exchanges would be investigated.

Source: https://finance.yahoo.com/news/cryptocurrencies-bounce-back-china-crackdown-010734988.html

Investing

Sep 25, 2021

Bitcoin And Ethereum: What The Price Charts May Tell Us Now

With the Coinbase CEO ready to take on the Securities and Exchange Commission over what constitutes a security — and with the AMC CEO saying his operation is pleased to accept payments in Dogecoin, you have to hand it to the crypto world.

Sep 24, 2021

Even The Luxury World Must Listen To Its Customers

When rebranding something as well known and valuable as Tiffany & Co.—which represents the largest deal ever in the luxury world—wouldn’t you want to know that it resonates with your intended audience?

Source: https://www.forbes.com/investing/

Pi Network allows users to mine crypto on phone as Bitcoin tumbles

CRYPTO DIP

  • 5:01, 27 Sep 2021
  • Updated: 5:01, 27 Sep 2021

PI Network claims to be the first and only digital currency that you can mine on your phone as Bitcoin tumbles following China’s new regulations.

Through a complex computer program, Pi Network instead uses a series of votes and exchanges of data to verify transactions, allowing users to mine the currency through the mobile app “without draining their phone battery.”

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.

Bitcoin and other cryptocurrencies continue to dip after China’s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.

Bitcoin fell by as much as 5.5 percent and Ethereum plunged by around six percent on Friday, according to Coinmarketcap.

Read our cryptocurrency live blog for the latest news and updates…

  • SHARES IN CRYPTO FIRMS ALSO FALL

    Shares of cryptocurrency-related firms Coinbase Global , MicroStrategy Inc, Riot Blockchain and Marathon Patent Group fell after China’s central bank put a ban on crypto trading and mining.

    “It’s been a very volatile week to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

    Investors are also looking for signs of progress on President Joe Biden’s spending and budget bills.

  • THE ‘MUSK’ EFFECT ON CRYPTO

    Elon Musk has once again been linked to activity in the crypto markets.

    Earlier this week, the Telsa CEO tweeted about the arrival of his new Shiba Inu pup, Floki.

    Just days later, the price of Shiba Inu coin was skyrocketing.

  • WHERE DOES COINBASE REVENUE COME FROM?

    The majority of Coinbase’s revenues come from Bitcoin and Ether on the Ethereum blockchain.

    They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.

  • CRYPTO SCAMS

    While the growth of Bitcoin has skyrocketed in some bank accounts, it’s also fueled the growth of crypto-related fraud operations.

    The FTC reported that since October of 2020, nearly 7,000 people have reported losses of more than $80million in the US due to cryptocurrency scams.

    That number is around 12 times, or 1,000 per cent more than reported losses from the period a year earlier.

  • EL SALVADOR TO USE ALGORAND

    There will be 10billion Algorand coins minted (ALGO) by 2030, according to coinmarketcap.

    Algorand will be used by the government of El Salvador to develop blockchain infrastructure including Chivo, the nation’s bitcoin wallet according to Forbes.

    The country hit headlines as the first in the world to make bitcoin legal tender.

    Algorand has also come into the mainstream, signing a deal to sponsor the Drone Racing League, CNBC reports.

  • WHAT IS HASHGRAPH?

    Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency of the Hedera Hashgraph.

  • WILL CHAINLINK RISE TO $35?

    Crypto investor Justin Bennett sees Chainlink rising to $35.

    He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

    “That said, a daily close above $25 should flip the area to support.

    “If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”

  • XLM’S PRICE

    The XLM price or the value of a lumen as of August 27 is $0.335, according to CoinMarketCap.

    Its value is down 1.99% over the past 24 hours but is up 253% compared with last year when the value was at $0.096 in August 2020.

    XLM hit an all-time high of $0.938 in January 2018 and the closest it has got since then was $0.796 in May 2021.

  • RISKS OF BUYING ALGORAND

    Here we explain the main risks of buying the Algorand coins and other digital currency.

    • Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
    • Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
    • Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.
    • Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
    • Marketing materials: Firms may overstate the returns of products or understate the risks involved.
  • PYTH CAUSES CRASH

    According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.

    In a series of tweets on Wednesday, Pyth apologised for the mishap.

    “We are communicating with Pyth partners and data providers to ensure transparency, accuracy, and confidence in Pyth,” the platform wrote.

    “We know our users depend on us and we’re working with affected partners on remedying the situation.

    “Better developer documentation and guidelines on the usage of the Pyth oracle are underway, stay tuned.

    “We deeply thank the community for the support you have shown us. Pyth will keep building toward the promise of delivering trustworthy, high-fidelity financial information.”

  • WHAT IS POLYGON?

    Polygon is an Ethereum token that powers the Polygon Network, which aims to provide faster transactions on the Ethereum blockchain.

    It was originally known as the Matic Network when it launched in 2017.

    Polygon hit its highest ever level on May 18 when it rocketed to $2.4544.

    The price has soared by around 9,200% this year – up from $0.01781 on January 1.

  • AUDIUS VALUE SOARS

    After its deal with TikTok, the price of Audius has soared by 109% over the past 24 hours at the time of writing, according to CoinMarketCap.

    It’s price now stands at $3.55, up from $1.88.

    However, it’s not a record-breaking high for the coin – in March, Audio spiked to $4.18, up from $2.50 just a day before as the platform’s profile began to build.

    However, it plummeted soon after, and despite a rise in May, has fallen since until the end of July.

  • CRYPTO-POWERED MUSIC STREAMING

    Audius is a crypto-powered music streaming platform.

    It’s owned and controlled by token holders – and tokens are called Audio.

    According to Audius, over 5.3million people have used the platform this month.

    Audio has been listed on CoinMarketCap since October 2020, and has rocketed in value over the last 24 hours following a deal with Chinese-owned social media giant TikTok.

  • RISKY BUSINESS

    Remember that buying cryptocurrencies is always a risky business, and you should only invest what you can afford to lose.

    They are extremely volatile, and your cash can fall as well as rise in the blink of an eye.

    It’s important to only invest in things you understand, and some products and cryptocurrency services can be very complex.

    Before investing you should do your research as cryptocurrency firms aren’t regulated like other financial companies.

    This means that you won’t have any protection if things go wrong and you could lose all of your money.

  • WILL CHAINLINK RISE TO $35?

    Crypto investor Justin Bennett sees Chainlink rising to $35.

    He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

    “That said, a daily close above $25 should flip the area to support.

    “If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”

  • BABY DOGE PREDICTIONS

    Plenty of experts and crypto fans have made price predictions for Baby Doge, although they’re nowhere near guaranteed.

    Given it only launched at the beginning of the summer, it’s especially important to take the forecasts with a pinch of salt.

    And fans hoping for a $1 value will likely be waiting a long time given its current price of $0.000000000469.

    For example, Wallet Investor has set a one-year forecast of Baby Doge at $0.000001.

    While DigitalCoinPrice expects the crypto to hit $0.0000000007 this year and $0.0000000021 in 2028.

  • TETHER LAUNCH

    The Tether cryptocurrency, which is also known as USDT, was officially launched as Realcoin in 2014, but has since changed its name.

    It’s described as a “stablecoin”, which is a type of cryptocurrency that aims to keep crypto values stable.

    Tether aims to do this by pegging the price to a regular “fiat” currency, like US dollars, Euros or the Chinese yuan.

    Tether claims to keep values steady by holding reserves in that currency in a bank.

  • BITCOIN DROPS AFTER EL SALVADOR ADOPTION

    The price of Bitcoin dramatically dropped more than 10 percent earlier this month as El Salvador suffered problems in the rollout of the cryptocurrency as its legal tender.

    Bitcoin’s value crashed suddenly from $52,500 to below $44,000 on Tuesday, according to CoinMarketCap.

  • WHAT IS HASHGRAPH?

    Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency of the Hedera Hashgraph.

  • AVOID CRYPTO SCAMS

    As noted by Inverse, many phishing scams will attempt to impersonate a government agency or business to get your attention.

    Some reports to the FTC said victims were contacted by scammers pretending to be the Social Security Administration and asked to deposit money into Bitcoin ATMs.

    Other victims lost money to scammers posing as the cryptocurrency company Coinbase.

  • TEZOS’ DIFFERENCES

    Tezos makes itself distinct from other major cryptocurrencies including Bitcoin and Ethereum, which uses proof-of-work blockchain in a few key ways

    According to Tezos, its proof-of-stake algorithm not only costs less but is also more eco-friendly.

    “The apparent growth of non-fungible tokens (NFTs) has helped to propel cryptos like Tezos from the niches of the cryptocurrency space,” Myron Jobson, a personal finance campaigner, and interactive investor told The Sun.

    He adds that “more some investors have turned to other less established players like Tezos to experiment at lower costs.”

  • ‘UNLIKELY GROWTH’

    Charlie Barton, investment specialist at comparison site Finder, told The Sun the wider crypto market view is also important right now.

    He added: “Many coins are unlikely to see much growth until it’s clear that sentiment is moving in a positive direction.”

  • PRICE OF SHIBA INU

    The value of Shiba Inu is currently sitting at $0.000008384 and it’s up by more than 25% over the past 24 hours, according to CoinMarketCap.

    In comparison, the tokens hit their highest ever level at $0.00003641 on May 11 – but they have since dropped in value.

    It’s difficult to predict how Shiba Inu’s price will change in future due to a wide number of factors affecting it.

    This includes regulatory crackdowns around the world, comments by high profile individuals such as Elon Musk, and other developments.

  • PYTH CAUSES HUGE BITCOIN DROP

    According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.

    That would have represented a catastrophic drop from around $50,000 earlier this month.

    A number of Bitcoin fanatics sounded the alarm online, but it turned out they had nothing to worry about.

    Pyth, which provides financial data to a number of major investment firms, confirmed in a tweet on Monday that a glitch was behind the issue.

  • ALGORAND CONTINUED

    The price of Algorand is currently trading at $2.06 at the time of writing.

    It’s up more than 4% over the past 24 hours and down from a seven day high of $2.54.

    Algorand hit an all time high of $3.28 in June 2019.

    Susannah Streeter, senior investment an market analyst at Hargreaves Lansdown said: “There is speculation that Algorand could be the next fast growing tree in the crypto forest, with new applications and smart contracts being built on its blockchain branches.

    “It’s still dwarfed in comparison with Ethereum and upcoming rival Solana but it’s gained the spotlight with a deal with Drone Racing Land, to provide blockchain enabled tickets, collectables and other NFT-related products to promote the organisation’s events around the world.

    “However, this is a highly competitive space and there is no guarantee who the eventual winners will be in the smart contract space.”

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.

Source: https://www.thesun.co.uk/money/16190561/cryptocurrency-bitcoin-prices-mining-china-pi-market-shiba-inu/

Cryptocurrencies recovered due to positive news from the Federal Reserve and Evergrande, and then fell in China FUD; Sorare and Dapper Labs raised a total of US$930 million: Hodler’s Digest, September 19-25

In order to purify the taste buds, there was good news in the NFT field this week. Two companies, known for their tokenized sports collection projects, raised a total of US$930 million.

French football trading card NFT game developer Sorare completed a US$680 million Series B financing led by SoftBank, valued at US$4.3 billion. Dapper Labs, the team behind Flow Blockchain and NBA Top Shot, also announced a $250 million financing led by technology-focused hedge fund Coatue.

Both Sorare and Dapper Labs outlined plans to expand their tokenized collection models beyond football and basketball, respectively, while expanding their currently popular NFT projects. With the broader NFT market facing declining sales and reserve prices, a total of US$930 million marks a major bet on the tokenized sports field.

John Cena is a member of the WWE Hall of Fame and is known for his boasted “You Can’t See Me” slogan. He has recently seen limited sales during his involvement in irreplaceable products.

The professional wrestler stated that fans only bought 7.4% of his WWE NFT last month, calling the sale a “catastrophic failure” and pointed out that the price of the gold NFT package was too high, at $1,000.

A total of 500 Gold NFTs are provided, which are part of a package containing physical collections, including hats, shirts, wristbands, belts, towels, and autographed photos.

“I often talk about failure-the idea has failed,” Senna said. “Myself and the people at WWE think that $1,000 is a reasonable price point. We were wrong. We were totally wrong.”

Winners and losers

This weekend, Bitcoin is located at 42,223 USD, Ether USD 2,905 And XRP in 0.93 USD. Total market capitalization 1.88 trillion US dollars, according to To CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoins gaining this week are Celo (forehead) 49.84%, Celer Networks (CELR) 34.97% and Cosmos (atom) 17.34%.

The top three altcoin losers this week are Huobi tokens (HT) -32.21%, SushiSwap (Sushi) -28% and EOS (EOS) -26.22%.

For more information on encryption prices, be sure to read Cointelegraph’s market analysis.

The most memorable quotes

“We have absolutely no intention of accepting cryptocurrency. […] On the contrary, we have separate wars and fight them alone.We will never support [cryptocurrencies], Because we will continue to use our own currency with our own identity. “

Taip Erdogan, President of Turkey

“A painting by Matisse can be sold for $100 million because a few people think they are worth $100 million. More than 150 million people around the world think Bitcoin is valuable. It’s enough for me.”

Mike Novogratz, CEO of Galaxy Digital

“Stable coins are now almost like poker chips in a casino.”

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission

“Ninety-nine percent is about being in the right circle, having the right information at the right time. In the NFT field, you have been frustrated because you missed the opportunity to make a billion dollars.”

Gautier Zuping, Nonfungible.com Chief Operating Officer NFT Investment

“I know that crypto enthusiasts never want to hear me say’sell’, but if you make a huge profit like me, then I beg you. Don’t let it become a loss; sell some. Just wait and see, Let’s see if China will change its attitude towards Evergrande’s aid.”

Jim Cramer, Host I am crazy about money At CNBC

“I think we should always keep an open mind. Therefore, I am very interested in all new creations and expressions in the art world. The meta universe will appear, but I still believe that physical art will always remain in everyone’s collection. Very special location.”

Elio Deanna, Founder of HOFA

“When evaluating central bank digital currencies and other digital innovations, the final test we will apply is,’Are there clear and tangible benefits that exceed any costs and risks?’”

Jerome Powell, Chairman of the Federal Reserve Board

“I feel uncomfortable that any non-physical currency is the only currency.”

Lord PipenellTexans and Redditor

Forecast this week Bitcoin’s “blockbuster breakthrough” fractal indicates that the price of BTC may reach US$250,000 to US$350,000 in 2021

A Bitcoin analyst named Bit Harington recently posted a chart on Twitter indicating that if history repeats itself, BTC may be about to see a price increase.

Harington drew a horizontal line on top of the Bitcoin price chart of Buy Bitcoin Worldwide and Twitter user PlanB. After Bitcoin’s 2012 and 2016 halvings, Harrington’s level basically shows the resistance level of Bitcoin’s price. In both cases, the price retreated from the resistance level, gathered momentum, and then subsequently broke through that level, leading to a sharp rise.

After these price increases, Bitcoin eventually returned to those breakthrough levels and used them as support. Harington listed the new resistance at $60,000 on their chart. So far, the chart shows that Bitcoin refused to leave this level, then found support and looked upward towards resistance levels.

Harington pointed out that BTC is about 6 times higher than the previous two resistance levels each time. Analyst Michaël van de Poppe took a look at the chart, analyzed some numbers, and determined that BTC may rise by nearly $250,000 to $350,000, and then if BTC reacts similarly to the past, it will fall back by nearly $65,000.

However, this week Bitcoin is facing a series of price drops and Comments that indicate future bearish expectations Cryptocurrencies have surfaced.

FUD this week Turkish President Erdogan said, “We are at war with cryptocurrencies”

According to Turkish President Recep Tayyip Erdogan, the country is at war with cryptocurrency, but it likes blockchain technology very much.

Erdogan held a question-and-answer event in Mersin, Turkey. Innocent young people from all over the country did not know that cryptocurrency was posing a threat to their sovereignty. When asked about his views on cryptocurrencies and whether the central bank will accept encryption, Erdogan said unceremoniously: “We have absolutely no intention of accepting cryptocurrencies.”

“On the contrary, we have a separate war, a separate fight against them. We will never support [cryptocurrencies]Because we will continue to use our own currency with our own identity,” he added.

Binance will stop crypto futures and options in Australia

After Australian crypto investors were told that they had 90 days to close their positions in futures, options, and leveraged tokens, Binance, the world’s largest crypto exchange, once again restricted its services in another country.

As of Friday, Australians cannot increase or open new Binance derivatives positions. However, they can still replenish the margin balance to prevent liquidation and margin calls during this period.

According to the latest announcement, Binance’s crypto futures and options market will cease on December 23 as the company reorganizes to achieve its regulatory compliance goals.

“We are committed to our industry for a long time, and we want to ensure that our products are welcomed by users and local regulatory agencies,” a Binance spokesperson told Cointelegraph.

The latest DeFi hacker against BSC discovered that $12.7 million in Bitcoin was stolen from pNetwork

The cross-chain DeFi platform pNetwork became the latest protocol to be hacked on the Binance Smart Chain after the team reported that it lost approximately $12.7 million worth of Bitcoin on Monday.

According to a Twitter post published by pNetwork, hackers stole 277 pBTC from the exchange-most of the network’s collateral. The team pointed out that the attack was executed by exploiting a bug in its code base, adding that it was already being fixed.

If the stolen funds are returned, the pNetwork team is also very friendly to provide hackers with a $1.5 million bounty.

Best Cointelegraph featuresEthereum killer or pretender?But ether is still the king

As the “Ethereum Killer” network continues to gain more attention, the issue of high oil prices has once again attracted the attention of the Ethereum community.

Adapt or die: payment giants work with crypto companies to ensure security

Mastercard’s upcoming acquisition of CipherTrace shows that payment giants need to cooperate with crypto companies to achieve digital asset innovation.

Ukraine joins the courtesy of a crypto-friendly country through new regulations

Unlike Russia, Ukraine has passed laws that will simplify the adoption of cryptocurrencies in the country.

John Cena is a member of the WWE Hall of Fame and is known for his boasted “You Can’t See Me” slogan. He has recently seen limited sales during his involvement in irreplaceable products.

Source: https://quebecnewstribune.com/blockchain/cryptocurrencies-recovered-due-to-positive-news-from-the-federal-reserve-and-evergrande-and-then-fell-in-china-fud-sorare-and-dapper-labs-raised-a-total-of-us930-million-hodlers-digest-september-41636/