Day: February 24, 2020

PewDiePie Is Guilty of Every Attack He Hypocritically Aims at Jake Paul

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PewDiePie trashed fellow YouTuber Jake Paul’s new financial freedom courses in a recent video. But Felix is guilty of shilling sketchy financial products too. To top it off, PewDiePie gives financial advice in the video, while criticizing Jake Paul for not having any credibility to give financial advice. PewDiePie wasn’t back on YouTube for long before running out of ideas for original content. So he piggy-backed off another YouTuber’s original work instead. His response video to Jake Paul’s financial freedom movement isn’t the first time Kjellberg has attacked his fellow…

Bitcoin’s Coronavirus Sell-off Throws Cold Water on Safe-Haven Argument

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As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged – at least in terms of the notoriously volatile cryptocurrency’s trading history. Bitcoin (BTC) was down 4.6 percent as of 6:17 p.m. UTC (1:17 p.m. ET) to $9,517. But a decline of that magnitude represents merely the biggest drop since last week; already this year, bitcoin has suffered six other single-day losses of 3 percent or greater. And due to a powerful rally in recent months, the cryptocurrency’s price is still…

Bitcoin’s Coronavirus Selloff Throws Cold Water on Safe-Haven Argument

boss

As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged – at least in terms of the notoriously volatile cryptocurrency’s trading history. Bitcoin (BTC) was down 4.6 percent as of 6:17 p.m. UTC (1:17 p.m. ET) to $9,517. But a decline of that magnitude represents merely the biggest drop since last week; already this year, bitcoin has suffered six other single-day losses of 3 percent or greater. And due to a powerful rally in recent months, the cryptocurrency’s price is still…

Dow Jones Crashes 1,000 Points But Warren Buffett Says Don’t Panic

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The Dow Jones nosedived Monday, but investors who are willing to take a risk could use this dip to nab value stocks. Warren Buffett reminded investors not to panic over the weekend as coronavirus spread throughout Italy. While the virus is likely to dent global growth, the impact is still likely to be temporary It seems the U.S. stock market has finally started to panic about the coronavirus after weeks of shrugging off its growing severity. The Dow Jones lost 2% last week and this week looks likely to bring…

Sonic the Hedgehog’s $200 Million Haul Proves It’s Time to Make This Movie Next

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The Sonic the Hedgehog movie has broken box office records for a video game adaptation. It has made nearly as much money in ten days as the entire box office run of Detective Pikachu. It is finally time to turn Crash and Spyro into movie franchises too. With $200 million in the books already, the Sonic the Hedgehog movie is on the verge of becoming the most successful video game adaptation of all time. After just ten days in theaters, it’s nearly surpassed Detective Pikachu’s entire box office haul. That’s…

The Tom Brady Hype Is Out of Control and Most Teams Should Ignore Him

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It looks like free-agency will be all about Tom Brady and where he lands next season. Brady has been linked with many teams, including the Raiders, the Chargers, and the Buccaneers. It seems like everyone has forgotten how bad Brady was in December. Just a few short months ago, the media was telling us how Tom Brady was fading rapidly. They’re now covering him like he’s the number one target in free agency. Why does it seem like everyone is suddenly suffering from a bout of amnesia? Tom Brady Is…

Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun

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“I don’t have any bitcoin. I don’t own any cryptocurrency, I never will … You can’t do anything with it except sell it to somebody else.” So claimed Warren Buffet in an interview this week on CNBC. Over the course of the two-minute segment, the billionaire investor tore into bitcoin’s value proposition, and obliquely threw shade on $4.6 million lunch guest Justin Sun. Also read: How to Anonymously Buy Bitcoin Online and in Person Buffet Gives Bitcoin Both Barrels In an interview with CNBC, Warren Buffet has insisted that “bitcoin…

Did Bernie Sanders’ Nevada Win Send The Dow into A Death Spiral?

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The Dow plunged 1,000 points Monday morning. Is that because the stock market is pricing in the risk of a Bernie Sanders win in November? While coronavirus is clearly weighing on investors, it may be no coincidence that markets plunged after Bernie crushed the Nevada caucuses. Many financial analysts warn Bernie Sanders will be bad for the economy. Political analysts say don’t be surprised if he beats Trump. A long over-heated Dow Jones Industrial Average went into free fall Monday morning. The Dow’s 1,000 point intraday tail spin put in…

CME Volume Crashes 89% in 3 Days, SEC to Rule on ETF

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Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday. The record low came just three days after CME daily volume exceeded $1 billion for just the third time in the market’s history, with CME bitcoin futures producing over 23,000 contracts or $1.1 billion worth of trade on Feb. 18. Daily trade volume for CME bitcoin futures. Source: Skew Despite the near-record spike in trade activity, CME bitcoin futures volume…

Bitmain’s Antminer E3 Will Allegedly Stop Ethereum Mining in 1 Month: Report

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While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all. Bitmain’s Antminer E3, once the “world’s most powerful” hardware for mining Ether (ETH), will allegedly stop Ethereum mining in April 2020, according to a Feb. 24 report by altcoin mining pool 2Miners. Users started reporting a sixfold hashrate drop on Antminer E3 mining rigs on ETC pool last week 2Miners revealed the news after its team requested Bitmain to comment on the recent issues with Antminer…