Day: February 21, 2020

The Dow Is Plummeting Because Coronavirus Killed Trump’s Trade Deal

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A terrible PMI reading prompted a massive slide in the Dow Jones Industrial Average (DJIA) on Friday. Stock market bulls appear to have underestimated the effect of the coronavirus on the U.S. economy. Donald Trump’s phase one deal with China looks unlikely to be fulfilled, posing a significant risk to the Dow Jones. The Dow Jones was hammered on Friday after a horrific U.S. PMI reading bludgeoned a stock market already vulnerable to the coronavirus outbreak and lingering uncertainty around the presidential election. Adding to investor angst was the fact…

Tezos Price (XTZ) Losing Steam After Dropping to Ascending Trendline?

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Over the past week, Bitcoin (BTC)and altcoins have taken a serious hit and currently, Bitcoin is still down 7.09% since topping out at $10,485 on Feb. 13. Many altcoins that bore the brunt of the sharp correction are still nursing their wounds and the double-dip correction of the past week appears to have investors cautious about piling back into cryptocurrencies.  Crypto market daily price chart. Source: Coin360 On Feb 15 as the entire market pulled back, Tezos (XTZ) dropped 22.62% but since Feb. 17 the altcoin has recovered 25.85% to…

Alleged Crypto Capital Operator Faces New Wire Fraud Charge

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Reginald Fowler, an alleged operator behind payment processor Crypto Capital, was charged with wire fraud Friday, on top of existing charges of bank fraud, operation of an unlicensed money transmission business and conspiracy. According to an indictment filed Friday, Fowler allegedly created a scheme to obtain money “by means of false and fraudulent pretenses” and directed the funds to a professional sports league. While the indictment does not name the league, Fowler was previously the primary investor in the Alliance of American Football, a short-lived alternative to the National Football…

Brave Browser Wants the UK to Use GDPR to Crack Down on Google

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The team behind Brave Browser thinks that Google has an unfair competitive advantage due to its massive trove of user data. In a submission filed with the United Kingdom’s consumer protection agency, Brave argued that the country’s failure to enforce European data protection laws gives Google an unfair advantage. Brave’s stance In an interview with Cointelegraph, Dr. Johnny Ryan, Brave’s chief policy and industry relations officer, insisted that it’s not about the competition between Chrome and Brave, but enforcing the laws that protect consumers: “RTB [Real-time-bidding, an auction for online…

First Ukrainian Bitcoin Exchange Launches Hryvnia-Pegged Stablecoin UAX

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In an apparent first, Ukrainian cryptocurrency exchange Kuna has released a stablecoin pegged to local fiat currency, the Ukrainian hryvnia (UAH). Dubbed UAX token, the new stablecoin is pegged to the hryvnia on a 1:1 ratio and is based on the Ethereum blockchain, according to an official announcement by Kuna exchange on Feb. 20. According to Kuna, UAX is now being tested by select Kuna users in an open beta that will last until March 20, 2020. The aim of the first phase of UAX implementation is to integrate with…

How to Find Your Nearest Bitcoin ATM

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Cryptocurrency markets have experienced a few intensive weeks since the start of the year that took prices to 2020 highs in mid-February. The overall bullish sentiment is attracting more interest towards the crypto space. There are many ways to get started with Bitcoin but one the most accessible options is to find an ATM supporting coin purchases with local fiat. Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Using a Crypto ATM Is an Easy Way to Get Into Bitcoin Bitcoin teller machines (BATMs)…

Why Today’s Crypto Exchange Leaders Are Powerful, but Not Inevitable

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As crypto traders ask why bitcoin prices shot downward, the power and influence of exchanges are at the center of the conversation. After settling in at the $10,000 price level, bitcoin (BTC) suddenly and rapidly fell more than 5 percent in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected simultaneous downtime of Binance and Coinbase as a causal factor.  In this episode of The Breakdown, we discuss the power exchanges wield – both in terms of market liquidity as well as the ability to…

PewDiePie Laughs at Coronavirus in Racially ‘Edgy’ Return Video

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PewDiePie is back after a 37-day YouTube hiatus. And he’s back to his old ways right off the bat. His return video is rife with racially “edgy” humor. PewDiePie, the king of gaming YouTube, took a break last month. It was a momentous event for his channel after ten years of daily uploads. But he made an awfully big production out of it for essentially a month-long break. He gave his fans the impression he’d be gone much longer. Anything to juice those views. It worked. Fans binged watched his…

Dana White & Donald Trump Were Made for Each Other

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UFC president Dana White appeared at a pro-Trump rally in Colorado this week. White referred to Trump as “a fighter” and “a good friend” and someone he’s known for 20 years. He supported Trump in 2016 and looks set to do all he can to help his friend win again. If you’re planning on running for president, you’d typically try to steer clear of Dana White – the guy who runs the world’s biggest cage fighting organization. Unless your name is Donald Trump, of course. President Trump has more in…

Wikipedia Co-Founder Says Crypto Integration Would be ‘Completely Insane’

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Wikipedia co-founder Jimmy Wales said Friday he has not seen a single practical use-case to convince him to integrate cryptocurrencies or blockchain into the platform. Speaking at the CoinGeek Conference in London, Jimmy Wales said cryptocurrencies would not add anything useful to Wikipedia. In fact, he believed it would prove detrimental to its vision and ultimately damage the unique way in which the platform operates. Speaking opposite Craig Wright, Wales said he tried to distinguish between the ideological and practical nature of cryptocurrencies. Wales has already turned down proposals from…