The Bitcoin price fell by 6% on Friday from a two-week low, after a surge in the yields of government bonds across the world and a wave of sales of assets considered riskier. The world’s largest cryptocurrency fell to $44,451 before partially recovering, to $47,300.
Bitcoin, the most popular and valued cryptocurrency, continues to break records. on Friday, it passed the high threshold of $ 1 trillion in capitalization, according to data from CoinMarketCap. The valuation of the cryptocurrency also exceeded $54,000, continuing the rise at the highest levels ever.
The price of virtual currency continued to rise sharply. After Bitcoin broke the top again and broke through $56,000, Ethereum (ETH), the second-largest virtual currency, also surpassed the $2,000 mark and reached a new high. According to Coindesk’s quotation data, Ether hit a high of $2036 in 24 hours, and the latest price still rose by more than 5% to $2030.
Given the history and long term success of what is commonly referred to as a “Dogs of the Dow” investment strategy, it is not surprising for us to see Durig’s modified Dogs of the Dow and Dogs of the S&P 500 strategies tracking a similar path towards long term success. In fact, it led us to initiate a similar strategy (in May of last year) utilizing Canadian companies that likewise had a long history of paying increasing dividends.
After returning to above $50,000 overnight, the price of Bitcoin continued to rise, reaching a peak of $52,600, which was more than $3,000 from the intraday low. As of now, Bitcoin has reported $52,210.76, a 24-hour increase of more than 7%. Affected by Bitcoin (BTC) continuing to set new intraday highs, many blockchain concept stocks rose.
Some of the widely used Stablecoins are Tether (USDT), USD Coin (USDC), DAI, Binance USD (BUSD), and HUSD. Stablecoins come in various types like fiat-collateralized, crypto-collateralized, commodity-collateralized, and seigniorage-share collateralized.
Just like the leading fiat currencies issued by central banks in various countries, Decentralized Stablecoins can be utilized either as a medium of exchange or as a unit of account. Now, the leading payment service providers and financial institutions have kept a close eye on the creation of Decentralized Stablecoins.
The S&P 500 index rose 15.10 points, or 0.39%, to 3,886.81 points; the Nasdaq index rose 78.60 points, or 0.57%, to 13,856.30 points; the Dow Jones index rose 92.40 points, or 0.30%, to 31,148.24 points; on this week’s road. The index rose 3.9%, the S&P rose 4.7%, and the Nasdaq rose 6%, both their biggest weekly gains since November.
Alibaba Group will post its first quarterly profits ended December 31, 2020 before the U.S. market opens on Tuesday, February 2, 2021, and will hold a conference call to discuss the financial results. The report does not mention the reason why the company is releasing its earnings reports quarterly.
Global retail and Wall Street hedge fund caused by the conflict, with Europe a few days ago due to the outbreak of a new coronavirus vaccine supply dispute, US stocks tumbled across the board, the Dow fell more than 600 points. Goss Electronics rose by 52.53%, Express rose by 27.02%, AMC Cinemas rose by 280% this week, and Game Station rose by over 400%.
Accounting is one of the most practical applications of a business degree, giving professionals a number of career options to pursue. Generally, accounting caters to the practice of recording and analyzing business activities. There are two main career areas to choose from within the field of accounting: private and public.
Alibaba’s Ant group valuation is likely to fall to $108 billion. This is according to Bloomberg Intelligence. The dip is attributed to the company’s currently ongoing anti-trust probe being undertaken by Chinese authorities. According to Bloomberg analyst Francis Chan, Ant Group is likely to see its valuation slashed in half due to the recently updated regulations.
As the new Biden Administration begins implementing their policy, climate change is most certainly front and center. Recently announced by the administration, the United States will re-enter the Paris Climate Accord as well as block the Keystone pipeline, which is meant to carry Canadian crude in the United States.
Bitcoin’s January 8 record of nearly $ 42,000 embodied risk acceptance in stimulus-flooded financial markets. This week’s strong bitcoin sell-off is raising new questions about the sustainability of the cryptocurrency boom. Digital asset prices have fallen 14% this week, marking the highest drop since March.
Most people think of debt as bad, something to be avoided. But, debt can be good or bad, for both lenders and borrowers.
For someone borrowing, good debt is debt that leads to increases in your net worth. This can happen in a variety of ways. Debt can finance new investments in equipment, software, or people that enable you to save time to focus on other opportunities. Student loans finance an education that can lead to higher earnings. Home improvement loans that will increase the value of your house and the quality of your life. Debt that helps you manage your finances, such as a consolidation loan, can also be considered good debt. It’s also good to just have some debt and pay it off timely, so you improve your credit score. This will help you be able to borrow when a future opportunity to take on good debt arises.
BTCS, digital asset and blockchain technology, is fast becoming a publicly-traded favorite. As prices for bitcoin retreat from their recent highs, the strong performance of other cryptocurrencies indicates that investors are turning to alternative coins (altcoins) particularly those from the decentralized finance (DeFi) subsector and Bitcoin-related stocks such as (BTCS) for potentially high returns.
2020 was a challenging year for Sundial Growers, as it was for most companies. They entered 2020 with C$220 million of debt and concerns of how Covid-19 might impact their business. However, unlike many companies, Sundial Growers came out of 2020 financially stronger and with increased optimism regarding building shareholder value in 2021.
Romeo Power was founded in 2014 by former Tesla and former SpaceX employees. They set their focus on the following key markets in energy storage: Commercial Vehicles including trucks, buses, medium, and heavy-duty commercial vehicles as well as high-performance vehicles.
In this modern time, many people are moving towards digitization. Because it reduces the work and makes the tedious tasks into easy ones. As of now, blockchain technology is prevailing across the world with many use cases and platforms. I hope you are aware of digital currencies and crypto tokens. These two made a huge impact in the marketplace. But many startups and entrepreneurs often prefer token development services to create a unique token for fundraising.
To build wealth, you need to start investing your money as soon as possible. Through investment, you can put your money on projects that can earn huge returns in the future. If you are an aspiring investor, in this post, we have shared some of the top reasons you need to start investing your money in 2021.
Are you searching for the best business ideas with blockchain? Then you are in the correct place. The thirstiness for success made you reach this article right?. As we are at the end of 2020 and we all have constant prayers for the upcoming year to be the best and most addressable year. Let us make the year 2021 to be the most extraordinary in our blockchain business journey.
If there is one thing that this year has taught us, it is that there is no way to foresee the future. You never know when a global or personal emergency will arise, messing up all your plans and putting your or your family’s future at risk. Since everyone’s number one priority is the health and safety of their loved ones, it is of the utmost importance, to be as prepared as possible for unfortunate events. This way, you will be able to rest assured that even when the worst thing happens, your family is taken care of. Here are a few essential steps you should take in order to protect your family and your future.
Multi cryptocurrency wallet development refers to those wallets that support more than one cryptocurrency. It is equipped with features like two-factor authentication, auto denial of duplicate payments, decentralized trading, and an exclusive QR code scanner for the users. Overall, multi-currency wallets are universally compatible, non-custodial, easy to access, safe, and secure.
Staking is a technique where investors can earn passive income from their funds. A certain amount of crypto coins or tokens will be staked on a wallet or an exchange platform. It works on the Proof of Stake (PoS) mechanism and the validators have the power to create and vote on the blockchain blocks based on the assets they stake.
They will be rewarded with an interest rate paid regularly to their wallets. Many popular cryptocurrency exchanges like Binance, WazirX, Kucoin, Coinbase, Huobi, and Poloniex facilitate DeFi staking on their platforms.
One of the most difficult and common challenges that both average investors and financial advisors are all faced with, is how to achieve above average returns with below average risks. It’s an age-old dilemma, where the quickest and easiest solutions often come up short of what otherwise seemed to be rather reasonable expectations. Granted, sometimes they work great. But, other times, not so much (if at all.)
After the huge success of the first digital currency, many investors and startups started to invest in various cryptocurrencies. Generally, the crypto market is unpredictable. Also, it faces both ups and downs in the global economy. In that way, one of the preferable crypto terms in the development process is cryptocurrency wallets.
It’s show time for the elections, and the volatility in the markets are as unpredictable as trying to predict who is going to be president for the next 4 years, or whether it will be possible to determine a winner any time soon after the polls close on Tuesday. Without a clear-cut victor, we think these market gyrations are likely to increase, and continue showing no clear sign of direction.
Is cash still relevant? What is the future of the euro, and more importantly, what is the future of cash in general? These past few months have been tough for advocates of cash, with unfounded insinuations that cash can be a source for the spread of COVID-19. The Advocate General of the European Court of Justice, Giovanni Pitruzzella, has published a timely advisory opinion on the use of cash within the European monetary system.
Cryptocurrency exchanges have been successful in bridging the gap between cutting edge technology and the common man’s utility. In addition to facilitating a humongous amount of profit for investors, crypto exchange software has also opened up exciting business opportunities for aspiring crypto entrepreneurs.
In the current digitally evolving era, cryptocurrencies and blockchain technology together are disrupting businesses and bringing in a paradigm shift in the way they operate and manage transactions. They are gaining rapid momentum with every passing day and the craze keeps growing that at least one in ten people aspires to be associated with cryptocurrencies, mainly creating their own crypto exchange software.
What comes into your mind when you hear the word ‘cryptocurrency’? Some people will think it is a weird word and some may think it is one of the types of currency. But it is not a type of currency or a weird word. cryptocurrency is digital money and it is completely developed using complex technology, which is known as the blockchain. The first crypto coin in this digital world was Bitcoin.
On unique advantage to Durig’s Dogs of the Dow is our quarterly rebalance, but even more important is the Dow Jones Industrial Average is going to remove both Exxon Mobil and Pfizer from the Dow. We also have already removed those two companies from our Dogs portfolio. Even though we are still down year-to-date, our three year and lifetime numbers are pretty good at 6.83 for 3 years and lifetime of 7.03. These numbers, even though in a little disappointing, still greatly outperform the static Elements Dogs of the Dow.
Though there is an innumerable number of cryptocurrencies available in today’s world, TRON has acquired a special place among the community interested in Cryptocurrency exchange development. TRON refers to an open-source blockchain-based protocol powered by decentralization spearheading the digital entertainment industry. It harnesses the power of peer-to-peer networks. TRON was introduced as an ICO (Initial Coin Offering) almost three years ago. It has an associated currency named Tronix (TRX). It is acquiring huge popularity as a well-performing digital currency in the market.
The COVID-19 pandemic has impacted everyone. This pandemic has created a public health crisis that has also led to an economic crisis. Because of the serious nature of the virus, there are countless small businesses that have been forced to close, drying up their revenue streams. In an effort to cut costs, they have also had to lay off employees, leaving numerous individuals and families wondering how they are going to make ends meet.
Sharing the idea – The business idea is the key to the success of the ICO. It would be the basis behind the development of a token. Make sure you finalize the intricacies of your idea before kickstarting the development process. It should be better than the offers provided by competitors. Announce it in popular cryptocurrency communities to get the initial feedback from investors. This will help you to determine if your idea will generate high interest among the target audience. Then, the firm can prepare its business model for executing its project.
To our surprise, the most successful principle growth and highest income investing in stocks is not coming from the US. It’s surprising but we are seeing the best returns, hands down, out of Canada. The Dogs of the S&P 500, that we launched on 5-8-2020 is now up over 35%. In our last article we said it was up 17% in two months and claimed, “this story is just too good to be true.” Well it double from there.
Durig has developed the S&P Dividend Aristocrat Portfolio targeting both Aristocracy principle growth and very good diversified dividend income. The history of Dividend Aristocrats has been very rewarding over time as they have outperformed their peers. One constant issue that investors and clients love is that to be an Aristocratic the company must raise their dividend each and every year. It is our opinion that these companies have mandated that the shareholders come first, instead of overcompensation in the C suit of CFO, CEO, COO and so on. Currently the S&P Dividend Aristocrat rate is 4.42% and even though this has been a very tough year the portfolio has outperformed most income vehicles with the same income.
Over the past 15 years, we have seen the term ‘ crypto ‘ transit from sorcery to biology, and finally coming to the world of decentralized finance. Little rude people have imagined that a piece of technology that was once considered obscure might go on to change the landscape of global finance.
In January 2009, Satoshi Nakamoto sent ten units of digital currency to another person named Hal Finney across a digital ledger. This sparked off a revolution in the field of finance. In essence, it was a counterculture that challenged the notion of finance and currency that had been in practice for centuries together.
With the rapid proliferation in digitization and the urge for earning higher returns, Cryptocurrency exchanges have emerged as a force to reckon in the competitive market. It has become a viable alternative to the wide-spread financial markets and globalized banks. This is the right time for firms to capitalize on this profitable tool.
Though cryptocurrency has been viewed as a disruptive tool that challenges the traditional financial markets, we have witnessed a changing trend in recent times where exchanges are attempting to work with the stock and asset market.
Generally, the business of cryptocurrency exchange development is viewed as being more open to different parties and focussed on communities who drive the interest in the platform. However, blockchain technology is changing the game as it is striving to improve the operations in traditional stock exchanges.
After completing a very nice 2019 and 2018, the Dogs of the S&P seem to be more challenged in this year, 2020. Even with the positive effects of dynamic weighting, quarterly reballancing and no cost trading, it is still a tougher year than most. Compared to most income based investments that are yielding in the range of 5.5%, Dogs of the S&P have done comparably very well.
Last year, I published “The Beginner’s Guide to Investing in Bitcoin (including $10 free Bitcoin as you get started)”. Unlike so-called “get-rich quick” schemes, the “Beginner’s Guide” didn’t require handing over hard-earned money to a likely scammer. After all, how can a novice investor learn and improve, unless they remain in full control of their investment at all times?
We wanted to update you on the Dogs of Europe. This is a condensed Aristocratic portfolio that is delivering high dividend income and good growth. The portfolio is paying just slightly over 6% and has done well in its short life, but nothing compared to the Dividend Dogs of Canada.
This is a solid income and diversification strategy and design to be an outstanding way for American investors to own high dividend paying European companies. Europe is in many ways having significant COVID-19 related economic stress, and we believe this is possibly a very good alternative when investing outside the United States.
Some of the key aspects behind the success of ICO marketing lies in creating strong brand awareness and offering handsome benefits to potential investors.
Public relations – Well-known media outlets must be hired for giving out exclusive interviews and press releases frequently. Transparency regarding the offerings of the company must be ensured. Since there is a greater reach involved, it is essential to hire a team for curating well-crafted content. This will lead to higher exposure among the target audience.
Powered by digitization and the need for profitable returns, the development of White-label Cryptocurrency exchange platforms has become the hottest business opportunity in a globalized world. With the improvement in ease of operations and flexibility in regulations, there has been a substantial increase in the number of exchanges. This has created the need for uniqueness to stand out superior in the competitive market. Hence, business firms are in constant search for possessing all core functions in their exchange and simultaneously minimizing costs.
Buying a franchise business is a great way to invest your money if you can afford it. The benefit to a franchise is that you aren’t starting a completely new business from scratch and you aren’t buying an entire established business either. Owning a franchise is a nice middle ground, since you do have some established aspects of the business but you aren’t in charge of everything at once. You are a partner to the franchisor who helps your franchise become successful along the way.
We took the effort to compare Durig Dogs of the Dow to the Elements Dogs of the Dow. Now we have completed three years in which two years were very good and 2020 which was one of the worst we can recall. We question if we have ever seen a rough total environment in our personal lifetimes like the market so far this year. So in good and bad years, how did Durig Dogs of the Dow stack up to its closest competitor?
Let’s look at the benchmarked first year to date:
Durig Dogs of the Dow: Down 9.97%
Elements Dogs of the Dow: Down 14.43%
*Durig Dogs of the Dow did 44% better in 2020– that was a tough year, so the much higher return was a surprise even to us.
The year 2009 might seem quite close and quite far from different perspectives but when it comes to the field of technology, there is no question that 2009 is quite distant! It was a time when smartphones were very slowly beginning to trickle in the market and Uber was just a small startup in California. The field of cryptocurrency and blockchain technology is one of the many fields that have grown by leaps and bounds in terms of expertise, acceptance, and relevance.