Page 3,998«..1020..3,9973,9983,9994,000..4,0104,020..»

Sell-off in marijuana stocks reminds Tom Lee of bitcoin and the dotcom bubble – CNBC

Tom Lee, Fundstrat Global Advisors

Scott Mlyn | CNBC

The mania and then share-price descent in marijuana stocks reminds market pro Tom Lee of two other big crashes, in 2018 and the early 2000s.

The Fundstrat Global Advisors managing partner told CNBC on Monday that the cannabis sector's performance appears similar to the bitcoin craze and the height of the dot-com bubble at the turn of the century.

Lee didn't go so far as to say that a bubble was bursting in the marijuana sector. But he said the industry reminds him of some of the early internet business models, which he described as a sort of "profitless prosperity."

"There might be a growing demand, but until someone can really capture value properly, it's going to be tough to be creating something that generates sustainable return and equity," Lee told "Closing Bell."

Some analysts have pointed out for a while that the pot industry was reminiscent of bitcoin's run, beginning in 2017.

Like the marijuana sector, cryptocurrency became a huge phenomenon and sparked excitement among investors. Bitcoin skyrocketed from about $3,600 per coin in 2017 to more than $19,000 in December of that year. Throughout 2018, bitcoin plunged, and it closed the year at around $4,000. Bitcoin currently has a market value of a little more than $130 billion.

After the bitcoin craze fizzled, some investors believed cannabis stocks were the next big growth area.

But the pot sector has struggled amid the slow rollout of retail stores in Canada as well as uncertainties related to regulations in the United States.

Shares of the largest marijuana companies soared in 2018 but are all poised to end this year down sharply. Canopy Growth, the world's largest publicly traded cannabis company by market value, has plunged 64% from its all-time highs and is down around 26% for 2019. Tilray is down more than 75% this year, while Aurora Cannabis is nearly 60% lower.

The industry hopes the recent introduction of Cannabis 2.0, marijuana derivatives including edibles and beverages, will create excitement and generate sales.

CNBC's Matthew Belvedere contributed to this report.

Here is the original post:
Sell-off in marijuana stocks reminds Tom Lee of bitcoin and the dotcom bubble - CNBC

Read More..

Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls – newsBTC

Ripple price is showing bearish signs below $0.1920 against the US Dollar, while BTC and ETH are down 4%. XRP price might decline further towards the $0.1850 support.

Yesterday, there was a solid increase in bitcoin and Ethereum, but ripple price failed to gain momentum against the US Dollar. It seems like XRPs failure to gain strength was a warning sign that BTC and ETH might also struggle to continue higher.

Recently, both BTC and ETH declined around 5% and trimmed most gains. Ripple also started a fresh decline after it failed to surpass the main $0.2000 resistance area.

A swing high was formed near $0.1986 before the price declined below $0.1950. Moreover, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair.

The price is now trading well below the $0.1950 level and the 100 hourly simple moving average. Besides, it broke the $0.1920 support and traded close to $0.1880. A low is formed near $0.1884 and the price is currently consolidating.

It climbed above the 23.6% Fib retracement level of the recent decline from the $0.1986 high to $0.1884 low. An initial hurdle is near the $0.1925 and the 100 hourly SMA.

The first key resistance is near the $0.1950 level and a connecting bearish trend line on the same chart. Additionally, the 50% Fib retracement level of the recent decline from the $0.1986 high to $0.1884 low is near the $0.1935 level.

Therefore, an upside break above $0.1935 and $0.1950 is needed for a decent upward move. The main resistance is still near $0.2000, above which the price could move into a positive zone.

On the downside, an initial support is near $0.1900 and $0.1880, below which there is a risk of more losses below $0.1850 and $0.1820.

Ripple Price

Looking at the chart, ripple price is showing bearish signs below $0.1950 and it could decline further if both bitcoin and Ethereum continue to slide in the near term.

Hourly MACD The MACD for XRP/USD is slowly moving into the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is now just above 40, with a flat structure.

Major Support Levels $0.1900, $0.1880 and $0.1850.

Major Resistance Levels $0.1935, $0.1950 and $0.2000.

Go here to read the rest:
Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls - newsBTC

Read More..

Bitcoin’s rally gets traction, $8,000 within reach? – FXStreet

Bitcoin (BTC) recovery has gained traction on Sunday. The first digital coin is changing hands at $7,435 at the time of writing; however, the upside momentum remains strong, which means Asian traders may wake up on Monday to see bitcoin and a new December high. BTC/USD has grown by 3.5% on a day-to-day basis and 4% since the beginning of the day.

All major altcoins are demonstrating similar momentum. ETH/USD has settled above $132.00, XRP/USD is exploring territory above $0.1900.

From the long-term post of view, BTC/USD used 61.8% Fibo retracement as a jumping-off ground and moved above the middle line of the daily Bollinger Band at $7,230. As the momentum gained traction, the price cleared both $7,300 and $7,400 barriers with the next hurdle located at $7,650 ( the upper line of the daily Bollinger Band) and $7,800 ( SMA50 (Simple Moving Average) daily). A sustainable move above this barrier will bring $8,000 into focus.

Meanwhile, according to a famous cryptocurrency technical analyst Joe Roger, this is a basic level for reversal.

See the original post here:
Bitcoin's rally gets traction, $8,000 within reach? - FXStreet

Read More..

Art Haus Ethereum Meets Bitcoin Financialization – CoinDesk

One of the most important (yet somehow quiet) narratives of 2019 has been the financialization of bitcoin and the emergence of a robust market for derivative products. That was reinforced today as Binance announced a significant investment in derivatives exchange FTX.

How will key events coming up in 2020 like the bitcoin halving be impacted by the presence of derivatives?One of the most important (yet somehow quiet) narratives of 2019 has been the financialization of bitcoin and the emergence of a robust market for derivative products.

At the same time, not all crypto projects are trying to change money. Some, like the Saint Fame DAO, a fashion house-slash-human coordination experiment, are simply trying to do interesting things that people think are cool.

Show notes and links for December 20th, 2019

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

See the article here:
Art Haus Ethereum Meets Bitcoin Financialization - CoinDesk

Read More..

Bitcoin Weekly Forecast: Is This Right Time To Buy BTC? – newsBTC

Bitcoin price is now trading in a positive zone above $7,000 against the US Dollar. BTC remains well supported on dips as long as there is no close below $6,830.

This past week, bitcoin started a strong recovery wave from the $6,400-$6,500 support area against the US Dollar. BTC price broke a few hurdles near the $7,000 level and the 100 simple moving average (4-hours).

Moreover, the price rallied above the $7,200 and $7,300 resistance levels. Finally, it traded close to the $7,500 resistance and a new weekly high was formed near the $7,486 level.

Later, bitcoin started a downside correction below the $7,300 level and the 100 simple moving average (4-hours). Besides, there was a break below the 23.6% Fib retracement level of the upward move from the $6,435 low to $7,486 high.

At the moment, the price seems to be trading in a range above the $7,000 support and below the $7,240 resistance. Additionally, there is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair.

Therefore, if there is an upside break above the $7,180 and $7,240 resistance levels, the price could start another bullish wave. An immediate resistance is near the $7,300 level, above which the price could rally towards $7,500 and $7,600.

Conversely, there could be a downside break below the $7,100 and $7,000 support levels. In the mentioned case, the price might test the $6,960 support area. It represents the 50% Fib retracement level of the upward move from the $6,435 low to $7,486 high.

The main support is near the $6,830 level, below which the price is likely to restart its downtrend and move back into a bearish zone. The next major supports are near $6,500 and $6,400.

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading in a positive zone above the $7,000 and $6,960 support levels. In the short term, there could be either range moves or a minor dip towards $6,960 before the price starts another increase.

4 hours MACD The MACD for BTC/USD is slowly losing bullish momentum.

4 hours RSI (Relative Strength Index) The RSI for BTC/USD is still well above the 50 level.

Major Support Level $6,960

Major Resistance Level $7,240

More:
Bitcoin Weekly Forecast: Is This Right Time To Buy BTC? - newsBTC

Read More..

Bitcoin Gathering Momentum to Reach $8,000 – Crypto Briefing

Bitcoin continues to build on recent trading gains, with the number one cryptocurrency trading at its highest level since Dec. 9.

The top 10 cryptocurrencies are also trading in positive territory as they continued to benefit from the ongoing recovery in digital assets.

VeChain continued to recover recent losses, following the recent hacking scandal surrounding the cryptocurrency.

Silverway and Nash Exchange were also notable gainers, racking up double-digit gains.

The total cryptocurrency market capitalization stabilized around $194 billion this morning, and traded close to its monthly price open.

Bitcoin posted a bullish weekly reversal candle and is now supported by a strong reversal pattern and increasingly bullish price action.

The BTC/USD pair has also broken above a falling wedge pattern on the daily and weekly time frames.

Any technical corrections from current levels may mean that traders are looking for confirmation that a price floor is in place.

Key support is found at the $7,380 and $7,100 level, while key resistance is found at the $7,650 and $8,000 level.

BTC/USD Daily Chart by TradingView

The value of the total market capitalization consolidated around the $194 billion level, as measured by TradingView.

Traders now need to move the price above the $207 billion level to form a bullish reversal pattern similar to Bitcoin.

Any technical corrections back to the $188 billion support level will likely be seen as a buying opportunity in the short-term.

It is noteworthy that the total market capitalization is trading above its 200-period moving average on the four-hour time frame for the first time since Nov. 14.

Total Market Cap by TradingView

According to the latest data from The TIE, sentiment toward the cryptocurrency market is bullish at 60.72 percent.

Bitcoin has the strongest sentiment among the top 10 at 62.50 percent. Meanwhile, Tezos has the weakest at 25 percent.

Continued here:
Bitcoin Gathering Momentum to Reach $8,000 - Crypto Briefing

Read More..

Bitcoin Could Be Better Investment Than Top Stocks in 2020s: Trader – U.Today

For the first time in history, the US is about to finish an entire decade without a recession, and some of the stock market darlings had enormous returns during the dawning 2010s.

According toBloomberg's anchor Jon Erlichman, Netflix leads the pack, gaining an eye-popping 4,177 percent since 2010. Amazon and Mastercard have also generated stellar returns for its investors, proving stock market doomsayers wrong.

However, none of these companies came even close to Bitcoin whose monstrous growth turned out to be one of the biggest stories of the 2010s. The top cryptocurrency is up by around 8.9 mln percent. As reported by U.Today, BTC was named the best-performing assets of the entire decade byBank of American Merrill Lynch (BAML).

While the future of Bitcoin remains murky, it's not far-fetched to predict that BTC could potentially outperform US stocks in the 2020s as well. Trader Josh Rager believes that even those who buy Bitcoin in the $7,000 region could potentially see their investment rise by more than 1,000 percent in a couple of years. Bitcoin would need to reach $100,000 to become the success story of the next decade.

Peter Brandt, Tim Draper, and even Ross Ulbrichthave all predicted that Bitcoin could surge above the aforementioned level after the halvening.

Read the original:
Bitcoin Could Be Better Investment Than Top Stocks in 2020s: Trader - U.Today

Read More..

Want to dive into the lucrative world of deep learning? Take this $29 class. – Mashable

Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission.From AI to sentiment analysis, the Ultimate Deep Learning class covers it all.

Image: pexels

By StackCommerceMashable Shopping2019-12-24 10:00:00 UTC

TL;DR: Become a machine learning expert with The Ultimate Deep Learning and NLP Certification Bundle for $29, a 97% savings.

Artificial intelligence and deep learning might bring to mind pictures of Will Smith's misadventures in I, Robot, but in reality, these are the technologies behind tomorrow's world. In fact, by 2030, PwC predicts nearly 40 percent of all U.S. jobs could be replaced by AI and automation.

That's a bit frightening, but if you're one of the pros who understands the technology behind these next-generation concepts, you'll be in good shape. And luckily, this Ultimate Deep Learning and NLP Certification Bundle is on sale and a great place to start.

This bundle provides six premium courses and over 300 lessons introducing you to machine learning, neural networks, and core tools like Keras, TensorFlow, and Python. You'll get a core understanding of deep learning from a practical viewpoint and deal with issues that newcomers to the field face all for just $29.

Once you get the gist of neural networks, you'll dive deeper into NLP, which helps computers understand, analyze, and manipulate human language. And eventually, you'll build your own applications for problems like text classification, neural machine translation, and stock prediction.

Usually retailing for $1,200, this learning bundle is currently on sale for just $29. And don't worry; you can complete all of the lessons on your own time and with lifetime access, you can return to it anytime you need to.

Originally posted here:

Want to dive into the lucrative world of deep learning? Take this $29 class. - Mashable

Read More..

AI from Google is helping identify animals deep in the rainforest – Euronews

A simple device, just a heat and movement sensor attached to digital camera, has revolutionised the way that conservationists learn about animals in the wild.

Camera traps are a very simple solution to the task of working out when, where and how wildlife interacts with its environment. Monitoring populations without damaging habitats, these relatively simple devices have provided some astonishing finds including revealing species previously hidden in the untouched depths of the forest. Elusive new creatures arent their only speciality, however, as in 2015, similar devices helped reveal that the critically endangered Javan rhinoceros was breeding and significantly adding to its tiny population.

After identifying a likely area for a sighting, usually with the help of local guides, traps are placed at animal height on trees and posts and left to wait until wildlife walks by. A memory card stores the images for conservationists to fetch with these cameras often being deployed for months at a time and collecting hundreds of thousands of images with invaluable information about biodiversity.

And herein lies the problem. Whilst the traps have allowed millions of photographs worth of data to be amassed, the time it takes to weed out empty frames and label the species that cross their lens is astronomical. The delay in processing data can mean that vital information about biodiversity could be out of date before it can be used.

Watch More | Baby dolphin trapped in debris rescued from drowning

Tanya Birch of Google Earth Outreach and Jorge Ahumada from Conservation International explain in a blog post that, while a highly trained human being can label somewhere between 300 and 1000 of these images in an hour, new AI technology could analyze 3.6 million. Despite the challenging task of identifying species, Wildlife Insights is pretty accurate as well. Looking at data from the 614 species it has currently been trained on, the chance that it will guess correctly is over 80%. Perhaps, more importantly, the AI system is very good at removing camera trap images that feature no animals at all which can be up to 80% of the images taken.

This rapid computer analysis would make camera trap data available in near real-time removing the delay in processing that can make performing even basic research an incredibly slow process. Speed is vital in conservation to allow scientists and officials to react to ecological changes and rapid environmental disruption. Making this wealth of information rapidly available will help to support those attempting to save critically endangered species and their habitats.

Google has highlighted the story of scientists in Columbia who, after the demobilization of the FARC in 2017, have been gradually rediscovering parts of the Amazon that they could not enter during the conflict in the region. The short film shows how field biologist Anglica Diaz-Pulido of the Instituto Humbolt is using camera traps to monitor umbrella species like the Jaguar in the forest that skirts the unique Rainbow River region.

The challenges we biodiversity researchers currently face are focused on carrying out research quickly and ensuring it gets to decision-makers in time, Diaz-Pulido explains in the short film. Threats to forests in this region are looming and intervention needs data to be processed rapidly so that recommendations can be passed on to the Minister of Environment. Leaving camera traps for just one month, however, can generate nearly 150,000 images which would take the Instituto Humbolts researchers up to a year to sort through.

Machine learning helps to speed up the processing of this massive amount of data so that the scientists on the raw edge of this impending mass extinction can use the most recent biodiversity figures to inform policymaking. This speedy analysis could help save species on the brink of extinction by getting the news of their decline out there before the images before irrelevant.

Read More | I visited an ecoresort helping to protect Brazil's biodiversity

The launch of Wildlife Insights not only revolutionises the use of camera trap data by scientists but also allows open access to 4.5 million photos that date back to 1990. Ahumada hopes that the platform will help close the gap between the revolution that technology has brought about it allowing this data to be captured and our inability to use it. "AI can dramatically increase the speed at which camera traps can be processed and analyzed," he told euronews Living, "this will allow people to quickly assess wildlife populations from camera trap data and focus on actions that can help save and manage these species."

By making the data accessible Ahmuda hopes that everyone from managers of anti-poaching programmes to governments to children will use the wealth of images to identify wildlife in their area and grow the database. We want citizen scientists, teachers and children to use the platform, he says, These are the future generations who will benefit from wildlife conservation.

Using AI to process camera trap technology is by no means a new idea. Recently DeepMind detailed their work with Tanzanias Serengeti National Park which will see the technology used to identify behaviours impacted by encroaching human activity in the area. As with many other projects, previously processing the millions of images collected by the team relied on volunteers using Zooniverse, a site where people help citizen scientists by identifying and counting species.

Link:

AI from Google is helping identify animals deep in the rainforest - Euronews

Read More..

Inside The Political Mind Of Jerry Brown – Radio Ink

The former California governor, now retired, has strong feelings about whats needed for California and for the country, and about his own legacy. San Francisco Bay Areas KQED has produced The Political Mind of Jerry Brown, a limited-run radio and podcast series hosted by KQEDs Senior Editor for Politics and Government Scott Shafer.

KQED producer Guy Marzorati and historians from UC Berkeleys Oral History Center spent over 40 hours interviewing Brown at his ranch for the series.

This is a deep dive into the life and career of someone who has had a profound impact on California over the course of 50 years, Shafer said. Our conversations reveal a reflective side of Jerry Brown how he plotted his rise in politics, how he both leveraged his fathers name and distanced himself from Pat Browns approach to politics, and what he learned from the mistakes he made along the way.

The Political Mind of Jerry Brown premieres January 8 with hour-long episodes on KQED 88.5 FM on Wednesdays at 8 p.m. through January 29. Listeners can binge on the entire series on Apple Podcasts, NPR One, and other podcast platforms beginning January 11.

Listen to the trailer HERE.

Shafer and Brown will participate in a live one-on-one conversation at the Herbst Theatre in San Francisco on Monday, January 13. For tickets and information go HERE.

Read the original:

Inside The Political Mind Of Jerry Brown - Radio Ink

Read More..