Day: February 27, 2020

GOG’s Insanely-Generous 30-Day Refund Policy Is Gloriously Naive

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GOG announced a new generous 30-day refund policy. The no-strings-attached issue of refunds is ripe for abuse. A disaster may be brewing behind GOG’s good intentions. CD Projekt-owned digital storefront Good Old Games (GOG) announced yesterday that it was introducing a generous new refund policy allowing users to obtain full refunds up to 30 days after purchase. The no strings attached policy works regardless of playtime, doing away with strict restrictions found on other platforms like Steam. GOG’s Generous 30-Day Refund Policy Upon sharing the news, GOG explicitly asked users…

Ethereum Pullback Was So Dire Investors Traded $38M of Dai

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In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops. A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and Oasis pic.twitter.com/UlYYatsuMy — Vishesh 🔬 (@visavishesh) February 27, 2020 MakerDao Dominates DeFi Network Decentralized finance has been making big waves of late as concern over traditional finance continues to grow. And a major component…

Ahead of Bitcoin Halving, Bitmain Announces Upcoming Antiminer S19

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Leading mining hardware manufacturer Bitmain has announced two new upcoming miners — the Antminer S19 and the Antminer S19 Pro. According to a press release on Feb. 27, the Antminer S19 will boast a hash rate of 95 terahashes per second (TH/s), and the Pro will offer 90 TH/s. However, Bitmain’s website claims that the Pro model can produce 110 TH/s. Both miners will have a power efficiency of 34.5+/-%5 joules per terahash. No release date or price information has been announced for either model. The S19 series will replace…

A Decade Later, A New Samurai Jack Game Has a 50/50 Shot at Success

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Samurai Jack is finally getting a new game after more than a decade. Unfortunately, it doesn’t have the best developer behind it. That may lead to the game disappointing fans when it comes out this summer. Samurai Jack: Battle Through Time got a surprise reveal on Tuesday and it’s definitely not something fans were expecting. The animated series finished its run in 2017, which makes this a strange announcement. I’m all for a Samurai Jack game. On top of that, the gameplay that was shown off in the reveal trailer…

Trump Is Scared of a 1987-Like Stock Market Crash & You Should Be Too

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President Trump has been reacting irrationally to every minor stock market correction. His reaction suggests the stock market is in trouble, and a big crash is looming. Lack of buying combined with the presence of high frequency trading systems make a 1987-style implosion a possibility. President Donald Trump has been pumping the stock market ever since he took charge of the White House. Despite calling it a “big, fat, ugly bubble” in a presidential debate, he’s been blowing air into the same bubble relentlessly. Although President Trump is a big…

U.S.: Bitcoin ETF Proposal Rejected by the SEC; Crypto Mom Reacts

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Following the recent rejection of another Bitcoin ETF proposal by the U.S. Securities and Exchange Commission (SEC), one of SEC’s Commissioners, Hester Peirce, has criticized the agency’s decision. According to Peirce, the SEC’s rejection indicated that the chance of getting a bitcoin ETF approval was almost impossible and the securities agency seemed unwilling to encourage innovation. Crypto Mom Disagrees With SEC’s Bitcoin ETF Rejection In a dissenting statement published on the SEC’s website on Thursday, February 26, 2020, Hester Peirce, fondly called ‘Crypto Mom’ by the virtual currency community, disagreed…

IT Exec at Kyiv Prosecutor’s Office Illegally Mined Crypto on Office Systems

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In Kyiv, Ukraine, investigators have found another example of someone using the systems at their workplace for illicit cryptocurrency mining.  The Kyiv Prosecutor’s Office official Facebook page announced on Feb. 26 that it concluded a pre-trial investigation against an unnamed individual in collaboration with the State Bureau of Investigation.  The accused miner was an information technology specialist that held executive positions in the State Judicial Information Systems for a long time. According to the Prosector’s Office, he illegally used the network equipment and systems to mine crypto with malware installed…

Bitcoin Risks Falling to $4,000 after Poking Long-Term Support

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Worried traders dumped bitcoin positions again on Thursday as it failed to serve as an insurance asset amidst rising Coronavirus fears. The bitcoin-to-dollar exchange rate fell to $8,520 in a massive overnight selling, extending its net week-to-date losses by up to 15.05 percent. The downside move came alongside a $$196 million worth of bitcoin liquidations on BitMEX, a crypto derivative platform that offers up to 100x leverage. $150mln+ liquidations on BitMEX today – highest in 2020 pic.twitter.com/WO7aKyNhcI — skew (@skewdotcom) February 26, 2020 The drop, meanwhile, came as a part…

Dow Futures Crumble as 10-Year Bull Run Nears Painful End

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Dow futures point to a fourth-straight decline on the U.S. stock market Thursday. Wall Street analysts including Citi are now bracing for a fall of 20% from recent highs. A drop of that magnitude would constitute a technical bear market and the end of a ten-year upward trend. The stock market bloodbath continues on Thursday with global stocks plunging for the sixth-day straight. Dow Jones Industrial Average (DJIA) futures collapsed as much as 400 points overnight. And the selling isn’t over yet. According to Wall Street analysts, we may be…

Chomp Diabetic Chocolate Bars to Get Final Fantasy VII Remake DLC

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Square Enix is teaming up with Butterfinger for a Final Fantasy VII promotion. Players can pick up DLC by buying Butterfinger, Baby Ruth, and Crunch bars. The cosmetic items will be available when the game launches on Apr. 10. Here’ s something you don’t see every day. Square Enix has lifted the curtain on a new promotion with confectionery company Butterfinger. The main gist is that would-be players can unlock Final Fantasy VII Remake DLC by scoffing down chocolate bars and playing chicken with diabetes. From Chocolate Bars to DLC…