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Walt Disney Co. is finalizing a deal to acquire assets from 21st Century Fox, according to people familiar with the matter, who added that the deal values 21st Century Fox as a whole at around $ 40 a share.
WSJ.com: US Business
Looks like we’re getting a real Flight of the Living Dead situation to close out 2017. CBS Los Angeles reports a JetBlue flight had to be rerouted after a male passenger started biting people. The flight out of Los Angeles was somewhere over Utah when the man bit apparent acquaintances…
Salma Hayek joins the long list of women in Hollywood accusing Harvey Weinstein of sexual misconduct with a searing op-ed in the New York Times . “For years, he was my monster,” she writes. Looking back, she now thinks it was only her friendship with the likes of Quentin Tarantino and…
After hovering around the $ 16,500 zone for most of the day on December 12, bitcoin jumped in value to around $ 17,100 during the early hours of December 13. Bitcoin markets were coasting along in that range for a few hours, and then around 12 pm EDT the price started heading south and dropped one deep leg down to the $ 15,400 territory. At the moment the price has rebounded, and bullish traders are desperately trying to command prices ranges above the $ 16K region.
Bitcoin Markets See Turbulent Price Swings
Bitcoin markets and the cryptocurrency’s price has been exciting to watch as spectators around the world wonder what will happen next. At the moment bitcoin core (BTC) markets are recovering from a massive dip that took place around midday eastern standard. The price is hovering around $ 16,000-16,200 after falling nearly $ 1,500 in value over the past two hours. Volume is high as global trade volume has seen roughly $ 13bn over the past 24 hours. The top five exchanges swapping the most BTC volume are Bitfinex, Bithumb, GDAX, Bittrex, and BTCC. The drop also sent many other digital assets into the red zone as they followed bitcoin’s temporary dive. The top ten digital currency market capitalizations have bounced back as well with only a few of them still nursing their wounds.
Looking at the charts shows that bulls have a lot more work to do if they want to grasp prices they held earlier this week. Looking at order books on the sell side shows there are some significant walls to hurdle above the $ 16,500-$ 17,000 range. However, on the flip side, the backdrop of buy walls show some stronger foundations, but traders should be careful if the price breaks below $ 15,250.
The short-term 100 Simple Moving Average (SMA) is way above the 200 SMA which means the price will likely see some more uptick northbound. RSI and Stochastic oscillators still show oversold conditions, but both indicators have been telling this story regularly. The most prominent hurdle bulls face will be three key zones which include $ 16,500, $ 17,200, and $ 17,500 in order to break new ground.
Digital Asset Markets Closing In on a $ 500 Billion Market Cap
Three out of the top five digital assets with the largest market caps have recovered from bitcoin’s price dive. The three cryptocurrencies doing slightly better include ethereum, bitcoin cash, and ripple. Ethereum (ETH) markets are up 15 percent as the price per ETH is around $ 700. Bitcoin cash (BCH) has had a pretty decent day as markets are now up over 5 percent with one BCH priced at $ 1,600. The currency ripple (XRP) probably had the best day out of all the cryptocurrencies on December 13 as one XRP is now $ 0.45 after gaining over 70 percent in value. Lastly, litecoin (LTC) is down 6 percent and the price per LTC is roughly $ 300 at the moment.
Novogratz Says Sell Your Litecoin and Sees Bitcoin Hitting $ 40K While Cboe Futures See a Low
Bitcoin proponents and community sentiment still seems fairly positive, and many still believe the price will see even more all-time highs this coming year. For instance, the macro hedge fund manager at Fortress Investment Group, Michael Novogratz, is more optimistic about bitcoin after seeing litecoin’s recent spike. According to an interview with CNBC, Novogratz says he would sell litecoin holdings after LTC spiked over $ 300, and sees bitcoin reaching $ 40,000 in a mere two months.
However other mainstream investors don’t seem so confident as Cboe’s bitcoin-based futures markets are way down. After skyrocketing to a high of $ 18,650, futures markets are now seeing lower predictions in the $ 16,750 price range. On the first day of Cboe’s bitcoin futures trading markets were halted due to a large price swing. The same thing happened today on December 13 as the sudden drop in value had Cboe’s bitcoin markets cease operations temporarily.
Bitcoin spectators, skeptics, proponents and avid cryptocurrency enthusiasts have no idea what will happen next, but it’s safe to say most of them have been glued to the market action over the past few weeks.
Where do you see the price of bitcoin heading from here? Let us know in the comments below.
Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”
Images via Shutterstock, Cboe, Bitcoin Wisdom, and Bitstamp.
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The post Markets Update: Bitcoin’s Price Takes a Quick Dive appeared first on Bitcoin News.
As expected, the Federal Reserve has boosted a key short-term interest rate at the last US central bank meeting that Janet Yellen is expected to lead, the AP reports. Fed officials ended their two-day meeting by hiking the federal funds rate—what banks charge each other for short-term loans—to…
Wow, tell us how you really feel USA Today . The newspaper absolutely unloaded on President Trump in an editorial Wednesday that is drawing attention for its scathing language. For instance: “A president who would all but call Sen. Kirsten Gillibrand a whore is not fit to clean the toilets in…
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Spectiv has officially launched its public Pre-ICO! The Pre-ICO officially launched on December 8th. So far, Spectiv has sold over 8000 ETH in Signal Tokens (SIGs). This Pre-ICO has been highly anticipated by the VR and crypto community for months now. Spectiv is accepting all purchasers, including US buyers.
Visit the ICO portal to purchase Signal Tokens with an exclusive 40% bonus, while the offer lasts: https://ico.spectivvr.com
How Signal Tokens Work
The Signal Token (SIG) Protocol is designed to decentralize the buying, selling, and rewarding of attention across media platforms by removing centralized intermediaries from advertising transactions.
Using the Signal Token Protocol, an advertiser can use SIGs via a smart contract associated with target content. This content is now active, or “hot,” which means publishers, viewers, and curators can engage with that advertiser through the smart contract and be rewarded with SIGs for driving attention to that content.
Every ad view and click that occurs is communicated to the Ad Campaign Smart Contract through a third-party oracle. The Ad Campaign Smart Contract will then autonomously reward SIGs to the users participating in that engagement. By utilizing smart contracts, a publicly verifiable blockchain, and trusted oracles, this protocol can directly disintermediate the “trade” of attention.
Spectiv VR will act as the first adopter for this protocol, generating real-world application data to support future adoption by other media platforms.
Spectiv has built out version 1.0 of the Signal Token Protocol, which supports decentralized transactions between advertisers and publishers based on ad-clicks. Check out the Signal Token Demo at the ICO site.
Spectiv is a platform that enables users and organizations across the globe to stream unique virtual reality content. Viewers can discover, share and experience the full capabilities of VR from the comfort of their homes. Spectiv’s mission is to offer the truly immersive power of VR to everyone. As virtual reality is still an emerging media form, Spectiv will be utilizing the Signal Token Protocol to strategically drive attention to the platform.
The fully-functional Spectiv VR Alpha is live – check it out here: https://spectivvr.tv.
Among a number of media features on platforms like the Huffington Post and Forbes, Spectiv has been selected to be featured in an episode of Innovations on the Fox Business Network. The episode will be aired to an audience of over 100MM in Q1 2018. Learn more here: http://www.prweb.com/releases/2017/11/prweb14920312.htm
In September, Spectiv VR acquired major VR technology LiveTourLabs and all underlying intellectual property. This company is known for its advanced virtual reality advertising tech, which will help Spectiv VR integrate with the Signal Token Protocol seamlessly.
Reach out to Spectiv at email@example.com
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post PR: Spectiv VR Launches Pre-ICO (Live Now): 8000 Eth Sold so Far – 40% Bonus appeared first on Bitcoin News.
Secretary of State Rex Tillerson said the US is ready to talk with North Korea without preconditions, in comments that appeared to signal a shift in State Department policy.
CNN.com – RSS Channel – World