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Showing posts from October, 2021

The Top 5 Most Expensive Cars In The World

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The most expensive cars in the world are so much more than transportation. These rolling art pieces encapsulate the priorities of the one percent, and in that universe, flamboyance and swagger take precedence over practicality and efficiency. Lifestyle criticisms aside, these are truly mind-boggling machines, and we’d like to count down our favorites for you here. 5. Zenvo ST1 ($1.2M) Kicking off our list is less of a car and more of an unchained animal in the ST1. Assembled in Zealand, Denmark, the Zewnvo creates an absolutely obscene amount of power by combining a 6.8-liter V8 with both a supercharger and a turbocharger. Just how much is obscene exactly? How about 1,104 horsepower and 1,054 pound-feet of torque, all channeled to the car’s rear wheels. 4. Ferrari LaFerrari ($1.4M) Few cars on the road are more striking, and even fewer accelerate faster. With a dry weight of less than 2,800 pounds, this dragon-like performance car accelerates from 0 to 60 mph in less than 3.0 seconds, ...

Bitcoin’s 60% Rally From July Lows May Be Running Out of Steam

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Bitcoin’s burst above the $50,000 level didn’t last long, and chart patterns signal its rally since July is at risk of fading. The largest cryptocurrency fell as much as 4.9% Thursday to $46,322, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. The drop pared Bitcoin’s rally from a July 20 low to about 60%. Bitcoin was trading at $47,342 as of 10:10 a.m. in New York. John Bollinger, inventor of Bollinger bands, in a tweet suggested taking some profits or hedging. Katie Stockton at Fairlead Strategies cited DeMark market-timing indicators as flagging about two weeks of “sideways-to-lower” prices. Read More: Crypto Rally May Be Near Exhaustion, DeMark Indicators Suggest Two charts help sum up the current situation for Bitcoin. Shrinking Bandwidth. Narrowing Bollinger bands -- a popular technical indicator that highlights volatility -- -- indicate the Bitcoin rally is flagging and that the virtual currency faces a zone of resistance from $50,000 t...