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Co-founder of Fundstrat Global.

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Infamous Bitcoin Price Predicter Tom Lee Forecasts a New Rally for the S&P in 2019

The Wall Street analyst Thomas Lee believes that the Standard & Poor 500 Index will be growing during 2019. The last quarter of 2018, traditional markets recorded a massive sell-off affecting many different companies. In a conversation with CNBC’s Fast Money, Thomas Lee said that stocks are going to register double-digit increases this year. He explained that the probability of having a double-digit year is the highest since 2009. In his investor note, he emphasised something similar. Thomas Lee mentioned that the S&P Index will be growing 13 percent in 2019. The catalyst behind this growth will be related to a consistent expansion in profits. About it, he commented: “In short, we believe that the crash of 2019 mirrors the mid-life crisis during the middle of bull markets a la 1962 and 1987 and in both bases, the bull market found its footing at the 200-week moving average. That is currently (S&P 500) 2,350 or so. And both midlife crises saw a retest at the level. Is a reset in 2019 possible? Yes, but if so, we would view that as a buying opportunity.” He was also bullish about FAANG stocks saying that during odd number years these companies tend to increase and perform well. Some companies that will also be performing well are related to artificial intelligence and automation, including Amazon or Nvidia. Thomas Lee is known in the cryptocurrency space for making very high predictions for Bitcoin in 2018. At the end of the last year, he said that Bitcoin should be traded at least around $13,800, not less. He predicted Bitcoin to end 2018 close to $25,000.
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Wall Street Strategist Tom Lee Predicts S&P Rally in 2019

Wall Street strategist Tom Lee, believes the massive sell-off in equities recorded in the U.S. financial markets within the fourth quarter of 2018 is nothing more than a “mid-life” crisis laying the groundwork for even larger gains in the financial market. Speaking in an interview with CNBC’s Fast Money: Half Time Report, Lee noted that The post Wall Street Strategist Tom Lee Predicts S&P Rally in 2019 appeared first on CCN

Crypto Headliner Tom Lee: “Dow Jones, US Stock Market Currently Going Through A Midlife Crisis”

Tom Lee: “US Stock Market Currently Going Through A Midlife Crisis” Never one to shy away from making bold statements, Fundstrat’s Tom Lee once again appeared on national television yesterday to speak against the Federal Reserve’s recent move to hike its interest rates. While Lee does not believe that the ongoing stock market sell-off is indicative of a massive incoming recession, he did go onto say that future of the traditional financial market looks “ugly and bleak”. Also, while appearing on CNBC’s ‘Fast Money’, Lee was questioned regarding his bold BTC predictions— wherein he had claimed that the premier asset would soar to above the $20K mark by the end of 2018. In regards to the matter, he was quoted as saying: “This year may not be that great, we hoped for a rally into year-end…it didn’t happen.” Apple’s Losses Are Just The Beginning As many of our regular readers may already be aware of, over the course of the past few days, Apple’s projected revenue and share prices have dipped significantly— thereby triggering a massive market sell-off. On the subject, Lee noted: “I think a lot of things have happened in the last couple of weeks. I think probably the deadliest has been what the Fed has done. I think the Fed has really undermined liquid markets. […] That’s really worsened trading dynamics.” It should also be pointed out that Lee is not the only one to call out the Fed on their recent string of questionable moves, as earlier this week, even President Trump came forth and let it be known that it was because of the Federal Reserve's bad choices all through 2018 that the Dow Jones and other markets were suffering from immense bearish pressure. “This is the most dangerous time for the Fed to hike, the December hike shouldn’t have happened.” More On The Matter Continuing to elaborate on the current state of the traditional stock market, the Head of Fundstrat was quick to point out that as a result of the recent interest rate hike, the Fed has basically forced investors to “liquidate their positions as well as force a shrinkage within the market at large”. Not only that, Lee also added: “I think one of the structural shifts taking place globally is China’s contribution to global growth is actually shrinking relative to the U.S.” Final Take As things stand, China's economy too seems to be on the slide (at least over the course of the past few weeks and months). This is in part due to the shrinking sales of premier smartphones that are manufactured and produced within the country. With that being said, it now remains to be seen how the recent stock market slippage affects the crypto industry at large.
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Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee

Fundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and more criticism for his predictions, spared the numbers but doesn’t hold The post Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee appeared first on CCN

From Tom Lee to John Mcafee, Bitcoin Predictions Haven’t Aged Well

They came in plenty, some a little conservative and others outright ambitious. There were those who predicted that Bitcoin would hit $20,000 even before the year ended. Others went long term, predicting as high as $1 million in 2020. While the long-term predictions could still come to pass, those who made predictions for the year missed the mark greatly. With three days to go before we bid 2018 goodbye, it’s looking increasingly likely that Bitcoin will end the year below $5,000. However, this is the unpredictable world of cryptos and anything is possible. Nonetheless, here are some of the most famous missed predictions for the year: John McAfee – $1M By 2020 John McAfee may be one of the most polarizing figures in the crypto world, rivaled maybe by Craig Wright only. However, unlike the others on this list, McAfee’s prediction hasn’t failed. At least not yet. His outrageous – or genius if it comes to pass – prediction and his promise if it fails however secured his spot on this list. The former cybersecurity guru predicted that Bitcoin will hit $500K by 2020. He then adjusted his prediction upwards to $1 million after Bitcoin’s stellar performance in 2017. And for anyone who knows McAfee, you know he is never one to shy away from controversy and attention, and so he took it a little further by promising to eat his genitals if his prediction fails. He tweeted: When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. — John McAfee (@officialmcafee) November 29, 2017 For the sake of his genitals, we hope Bitcoin hits $1 million by 2020. For this to happen, the currency needs to rise 25,000 percent from its current price. Fundstrat’s Thomas Lee – $25,000 Lee has a long history of being bullish, even before he joined the crypto world. While working for JP Morgan as its chief equity strategist, Lee called the 2009 stock bull run, earning himself quite a reputation. Since leaving JP Morgan to join crypto research firm Fundstrat in 2014, he has continued to be bullish. However, this year, things haven’t gone his way. Lee had made the prediction that Bitcoin would hit $25,000 by end of 2018. This was at a time when the currency was trading above $13,000. The market however took on a downward spiral since then and the prediction seemed unlikelier by the day. Come November, just a day after the Bitcoin Cash hard fork led to a market bloodbath, Lee adjusted his prediction. From $25,000, the prediction came down to $15,000, and even this seems almost impossible. Recently, Lee told Bloomberg that he is tired of being asked about Bitcoin prediction and that he would rather focus on the fundamentals now. Mike Novogratz – $40,000 Just like Lee, Mike has a finance background. The Bitcoin bull was a legendary hedge fund manager before branching out to start Galaxy Digital. Mike made his prediction last year, a month before Bitcoin even ascended to $20,000. He foresaw Bitcoin hitting $40,000 by the end of 2018. However, unlike the other bulls, he also knew that Bitcoin’s upward rally could also turn bearish quite fast and crash the currency. He stated in November last year on CNBC: What’s different about these coins than other commodities … there is no supply response here. So it’s a speculator’s dream in that as buying happens there’s no new supply response that comes up. So every price move gets exaggerated. It’s going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way down   The post From Tom Lee to John Mcafee, Bitcoin Predictions Haven’t Aged Well appeared first on NullTX.
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This week Twitter users have a lot of topic for discussion: Tom Lee states to Central Bankers, BTC needs support, Coinbase and Bitcoin adoption — all this in this digest

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BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
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Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
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Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on
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