Day: February 26, 2020

Dow Nosedives After New York Coronavirus Panic Spooks Stock Market

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Negative coronavirus headlines prompted a painful reversal in the Dow Jones on Wednesday. Fears of a breakout in New York and another confirmed U.S. case hit the stock market hard. The wild moves in the Dow overshadowed positive housing market data. The Dow Jones recoiled after a bright start to the day as news broke that 83 people are being monitored for the coronavirus in New York. Wednesday had been promising for Dow bulls following the release of robust new home sales data, but the virus headlines landed like a…

Actual Online Bitcoin Sports Betting on 1xbit and Win!

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Gambling is becoming really popular today: more and more people want to get real income from sports betting. Actual online bitcoin sports betting on www.1xbit.com is a great chance for risk takers and real winners. The main advantage of this service is that the participants can place their bets in a modern electronic currency – bitcoins. To start the game, first of all, you need to register. In addition, a small entry fee is required. The site provides you the opportunity to bet on various kinds of sports, including: tennis;…

Ugly Trump Bias Confession Gives ABC News Another Black Eye

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ABC News is in damage control mode over hidden camera footage of a senior correspondent alleging widespread bias and corruption. He accused ABC News of Trump bias, along with shameless self-promotion. The network suspended David Wright late Tuesday. After Amy Robach’s leaked remarks about Jeffrey Epstein, is the network finished? ABC News suspended longtime correspondent David Wright late Tuesday. While a Project Veritas hidden camera rolled, Wright alleged rampant Trump bias and corruption at the network: The truth suffers. The voters are poorly informed. Our bosses don’t see an upside…

Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List

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On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through cryptocurrency investments. Also read: Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun Cryptos Billionaire Club The Hurun Global Rich List is well known for documenting the wealthiest individuals on the planet and in 2020 there is a record number of billionaires worldwide. An estimate…

Prime Broker Tagomi Becomes 22nd Member of Facebook’s Libra Association

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Crypto prime brokerage service Tagomi is joining the Libra Association, becoming the 22nd member and the second to join since the group was formally founded in October 2019. According to TechCrunch, Tagomi is set to formally announce its intention to join the association later this week. It joins ecommerce platform Shopify, which announced it would join the group last week, joining a host of other crypto platforms, tech startups, non-profits and venture funds. The joins come after a series of high-profile departures from the organization, most recently last month when…

Crypto Prime Broker Tagomi To Join Libra Association

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Tagomi, a crypto prime broker headquartered in New York, will join the Libra Association, the governing body for the Facebook-led stablecoin. Tagomi was founded by Jennifer Campbell in 2018, a former associate at Union Square Ventures. Tagomi will become the Libra Association’s 22nd member. Members of the association are expected to contribute at least $10 million to the Libra Reserve, which holds the assets that back the cryptocurrency. Tagomi has raised $28 million to date, making a $10 million commitment a large amount for a two-year-old startup. It should be…

Bitcoin Crashes Along With U.S. Stocks, Exposing ‘Haven’ Myth

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Bitcoin’s price touched an intraday low of $8,620.00, its worst showing in a month. The sudden drop follows a chaotic two days for U.S. stocks, as the Dow crashed almost 2,000 points over that stretch. Gold has rallied in the wake of the stock-market collapse while bitcoin has languished. Bitcoin’s price declined sharply on Wednesday, following in the footsteps of a plunging U.S. stock market and raising red flags about its safe-haven status. Bitcoin Loses $9,000 Handle The bitcoin price experienced a sharp reversal on Wednesday, falling more than 7%…

Virgin Galactic Stock Is Nothing Like Tesla – It’s Light-Years Worse

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Virgin Galactic (NASDAQ: SPCE) stock is the darling of Wall Street speculation. Chairman Chamath Palihapitiya believes his company is not a bubble, comparing it to Tesla and citing pent-up demand for space travel. Unfortunately, SPCE stock is still light-years away from being like Tesla, or even Beyond Meat. Virgin Galactic Chairman Chamath Palihapitiya is upset that analysts are calling SPCE stock a bubble. He claims the space tourism company offers investors a “unique” Tesla-style narrative, along with $2.4 billion in potential revenue. Credit where credit is due: Palihapitiya’s argument is…

Binance’s CZ Overtakes Bitmain Co-Founder in New Hurun Rich List

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While China now has more billionaires than the United States and India combined, Binance CEO might have more money than any crypto person, a new report says. Binance CEO Changpeng Zhao has overtaken a co-founder of cryptocurrency mining giant Bitmain in the latest Hurun Global Rich List, an annual ranking of the world’s biggest billionaires published Chinese media Hurun Report. Issued on Feb. 26, the new Hurun Report’s list of 2,816 global billionaires includes six individuals who made their fortune from blockchain and crypto industry. Bitmain’s ousted co-founder lost over…

Polkadot Targets Onboarding Ethereum Ecosystem with Chainlink Oracles

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Polkadot is readying itself for its expected network launch after it announced its integration with Chainlink oracles on February 25. The progress made with the integrations is an indication of a systematic approach that will allow porting with Ethereum infrastructure. Polkadot Announces Integrations of Chainlink Oracles The integration of Chainlink oracles is vital in the creation of Polkadot’s decentralized finance and other smart contracts. Chainlink has finalized the preliminary integration on Kusama, which is a Polkadot canary network synonymous with a testnet. Following the move, Polkadot developers will now be…