Day: February 28, 2020

Bitfinex Completes Another $100M Loan Facility Repayment to Tether

boss

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether. In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT). Similarly to a previous repayment in July 2019, Bitfinex processed the transaction in fiat via wire transfer wired to Tether’s bank account. According to the post, the payment has been made “all on account of principal,” while interest on all amounts…

Cryptic Kojima Tweet Teases Mysterious Death Stranding News

boss

Kojima Productions is once again taunting fans with cryptic tweets. The latest tease suggests the Death Stranding developer will announce some big news next week. It’s likely to be Death Stranding related, most likely concerning the upcoming PC port. Kojima Productions appears to be teasing a big announcement based on a mysterious tweet published on the Death Stranding developer’s official Twitter account. Kojima Productions Teases a Cryptic Announcement The tweet, sent out earlier today, consists of an apology for recent radio silence with a promise of more news coming soon.…

Warren Buffett Warned You Stock Prices Were Insanely High

boss

Warren Buffett warned about the overvalued stock market. While Wall Street analysts scratched their heads, S&P 500 bulls ridiculed him. A longtime Berkshire shareholder jumped ship. Buffett was right about the stock market all along. They don’t call him “The Oracle of Omaha” for nothing. Now that the stock market is crashing, Warren Buffett has been vindicated for holding his epicly bearish $128 billion pile of cash. He warned investors stock market valuations were sky high in both word and deed. Who feels stung with buyer’s remorse for ignoring the…

Blockchain Firm AVA Labs Acquires Private Investments Platform Investery

boss

Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations. AVA Labs told Cointelegraph on Feb. 27 that the acquisition will enhance its financial offering by enabling access to private asset platforms and the issuance of private financial assets. Furthermore, Investery’s existing partnerships will also transition over to AVA. An expansion to private financial asset management Acquiring Investery will expand AVA Labs’ capabilities in managing private financial assets. The acquired firm provides a platform that assists investors in researching, managing and transacting in private markets while…

Lazy Meghan Markle Vice Documentary Pushes False Racism Agenda

boss

Vice Media has dropped the trailer for their new documentary charting the recent times of Meghan Markle. The company claimed that its new series of releases “will give voice to radical and unapologetic points of view.” Unfortunately, the trailer suggests that the documentary is far from “radical” and that Vice is exploiting the same sensationalist approach for which the British media is slammed. The trailer for the new Meghan Markle documentary is finally out, but anyone hoping for something worthy of the “radical” tag Vice loves to award itself will…

Crypto Contributes to Money Laundering Problems in Latin America, Report

boss

Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb. 27 report issued by threat intelligence firm IntSights. Titled “The Dark Side of Latin America,” the report claims that LATAM countries top the list of the world’s worst money laundering nations, while local crypto-related firms apparently lack Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.…

Grammy-Nominated Artist Akon to Launch Cryptocurrency on Stellar

boss

Multi platinum-selling recording artist Akon has chosen to build his Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa,” he explained in a Feb. 28 announcement. Part of Stellar’s mission is to help bank the unbanked and Akoin’s spokesperson highlighted the fact Stellar was already working with businesses…

CEOs Quitting in Record Numbers Could Signal Total Stock Market Collapse

boss

CEOs are departing in droves. America’s corporate insiders, which include chief executives, dumped company shares at record levels. One Wall Street firm is projecting a stagnant year for U.S. companies. The stock market is in trouble. The Dow Jones Industrial Average printed its worst one-day point drop in history after plunging 1,191 points Thursday. The S&P 500 is also making history. Over the last six days, the index tumbled by 10% from the all-time high at a pace never seen before. It only took six days for the stock market…

Ripple’s XRP Risks Plunge after Making a Weird Golden Cross

boss

Ripple’s native token XRP triggered a bullish crossover signal on Wednesday that many traders perceived as an opportunity to score short-term gains. The chart pattern, known as Golden Cross, typically appears when a short-term moving average jumps above the longer-term moving average. Many technical analysts use the crossover as a sign to place new bullish positions. That allows the underlying asset’s price to move upward. But that was not the case with XRP. The third-largest cryptocurrency fell below both its crucial moving averages right after it formed the Golden Cross…

Ripple’s XRP Risks Plunge after Making a Weird Golden Cross

boss

Ripple’s native token XRP triggered a bullish crossover signal on Wednesday that many traders perceived as an opportunity to score short-term gains. The chart pattern, known as Golden Cross, typically appears when a short-term moving average jumps above the longer-term moving average. Many technical analysts use the crossover as a sign to place new bullish positions. That allows the underlying asset’s price to move upward. But that was not the case with XRP. The third-largest cryptocurrency fell below both its crucial moving averages right after it formed the Golden Cross…