Wealth Manager: Pot Stocks Will Mimic Crypto Bubble – But Won’t Crash Like Bitcoin

Wealth manager Carol Pepper says cannabis stocks are the next “huge growth area” in alternative investing. With an actual physical product, pot stocks could soar like Bitcoin in 2017, but unlike the cryptocurrency, they won’t follow that boom with a bust. Pot Stocks Earn Bump from Legalization Progress Recreational cannabis was legalized in Canada on October 17, 2018, opening the North American market to pot companies and laying the groundwork for cannabis-infused drinks and other products. The US could quickly follow Canada’s trailblazing. Though it’s still banned at the federal level, ten US states and the District of Columbia have

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Ethereum (ETH) Long Positions Skyrocket as Constantinople Nears, But Analysts Expect Post-Fork Plummet

Over the past month Ethereum (ETH) has seen some overwhelmingly positive price action, surging from lows of $104 to highs of over $150. Part of this price surge may be due to its upcoming Constantinople hard fork, which will offer the crypto multiple enhancements and will reduce its future inflation rates, which will likely be

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UK Auction House to Sell $400,000 in Dark Web Bitcoin

Wilsons Auction House in the UK will be hosting a cryptocurrency auction for roughly 315 coins. The coins are spread across Bitcoin, Bitcoin Gold, and Bitcoin Cash. A full day long, the auction will begin on February 28. Originally seized by Belgian authorities, the coins were related to a dark web market. They have an estimated value of around 300,000 pounds sterling or close to USD$400,000. Wilsons was previously the first to auction Monero, about 167 of them, which sold for less than 10,000 pounds. The company says on its website that the contract attracted significant attention. “The contract, which

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Analyst Claims Bitcoin Must Break Above $4,000 Or BTC Will Face Strong Rejection

Bitcoin is once again beginning to creep towards its strong resistance level at $4,000 following a relatively involatile trading session over the past couple of days. Although BTC has seen some incredibly bullish momentum over the past few weeks and has firmly established the low-$3,000 region as a strong level of support, its upwards ascent

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Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline

Bitcoin’s recent bullish rally has helped the leading crypto asset return to mean after $6K support was penetrated by bears. Given its potential, it’s clear to see that Bitcoin is currently undervalued by most analyst’s standards. Bitcoin price predictions place the number one crypto by market cap in the hundreds of thousands, with some estimates

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Fortnite Mastermind Tim Sweeney Defends EOS Blockchain Bloat

Gaming mogul Tim Sweeney, best known these days for founding the company behind Fortnite, made the unusual decision to defend the size of the EOS blockchain in a tweet today. What’s wrong with 4TB for a global transaction ledger? That fits on a $200 hard drive. — Tim Sweeney (@TimSweeneyEpic) February 22, 2019 Crypto Blockchain Size: How Big Is Too Big? EOS Weekly created a video expressing concern over the current size of the EOS blockchain. Sweeney wondered what the big problem with a 4TB blockchain is. How did the greatest strength of EOS (its speed) turn into its greatest

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Bitcoin Expert Eviscerates US Treasury’s ‘Fascist’ Crypto Blacklist

In a discussion about the US Treasury Department Office of Foreign Asset Control’s addition of cryptocurrency addresses to the “no pay list,” Bitcoin speaker and celebrity Andreas Antonopoulos called the move “completely useless” and “fundamentally fascist.” US Treasury Blackballs Bitcoin, Petro Addresses Not just Iranian Bitcoin addresses have been added to OFAC’s list, but several other blockchains as well, including the Petro. OFAC’s database is not searchable by address, which led the Let’s Talk Bitcoin host to suggest that it should somehow be fed into crypto nodes so that wallets can automatically warn users. Antonopoulos pointed out that a typical

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$12 Billion University of Michigan Endowment Might Deepen its Crypto Stake

Institutional investors are finally wading into crypto. Want proof? The University of Michigan’s $12 billion endowment said it could increase its investment in a crypto-network technology fund managed by American venture-capital firm Andreessen Horowitz. Financial terms weren’t disclosed, but the latest cash infusion into Andreessen’s CNK Fund would add to the $3 million the university invested in the fund back in June 2018. The CNK Fund invests in cryptocurrency startups. In a statement, the University of Michigan noted that Andreessen had launched the fund it believes cryptocurrencies are “an important area of innovation” that demands further exploration and investment. Crypto has

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Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings

Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre. Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi

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Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions

The University of Michigan’s $11.9 million endowment fund has plans to increase its stakes in a crypto fund managed by Andreessen Horowitz. The public university said in its Regents Communication agenda that it was looking to make additional investments into the California-based venture capital firm’s CNK Fund I. Earlier, in June 2018, the endowment had committed

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