Month: February 2020

Atlanta Fed’s Q1 GDP Forecast Is Almost as Laughable as the Fed Itself

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The Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their glaring coronavirus omission is laughable. The Bureau of Economic Analysis released its revised fourth-quarter GDP numbers Thursday. As expected, gross domestic product expanded at an annualized 2.1% pace between October and December. It’s too bad nobody actually cares about what happened…

Atlanta Fed’s Q1 GDP Forecast Is Almost as Laughable as the Fed Itself

boss

The Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their glaring coronavirus omission is laughable. The Bureau of Economic Analysis released its revised fourth-quarter GDP numbers Thursday. As expected, gross domestic product expanded at an annualized 2.1% pace between October and December. It’s too bad nobody actually cares about what happened…

Ripple (XRP) Above This Crucial Breakout Zone Could Spark Massive Rally

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Ripple started an upside correction from the $0.2220 support area against the US Dollar. XRP price is now testing $0.2450 and it must surpass $0.2500 for a fresh rally to $0.3000. Ripple price is currently recovering above the $0.2320 and $0.2400 levels against the US dollar. The price is now facing a couple of key resistances near $0.2450 and $0.2500. There is a major bearish trend line forming with resistance near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either start a…

Ethereum Recovers 8% But Here’s Why ETH Could Dive Again

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Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline. Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar. The price is still facing a lot of key hurdles near the $240 and $242 levels. Yesterday’s major bearish trend line is intact with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also recovering, but there…

Suicide? Obama-Era DHS Whistleblower’s Friends Say He Feared for His Life

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Friends of Philip Haney say he worried about his well-being following his first book. One friend said Haney discussed disappearing into a cabin in the woods. All say there was no way he would harm himself. Philip Haney’s death sent shock waves through the nation as Americans questioned whether his apparent suicide was another potential government cover-up. Haney exposed alleged corruption at the Department of Homeland Security (DHS) in a tell-all book, something friends say caused him to fear for his life. The DHS whistleblower was reportedly planning to release…

Suicide? Obama-Era DHS Whistleblower’s Friends Say He Feared for His Life

boss

Friends of Philip Haney say he worried about his well-being following his first book. One friend said Haney discussed disappearing into a cabin in the woods. All say there was no way he would harm himself. Philip Haney’s death sent shock waves through the nation as Americans questioned whether his apparent suicide was another potential government cover-up. Haney exposed alleged corruption at the Department of Homeland Security (DHS) in a tell-all book, something friends say caused him to fear for his life. The DHS whistleblower was reportedly planning to release…

Coronavirus Outbreak Tests Bitcoin Safe Haven Status

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Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of the world’s largest cryptocurrency is fuelling doubts that Bitcoin may not actually be a safe haven asset, as previously thought. A safe haven asset is an investment that investors turn to during times of market volatility and instability, in order…

SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin

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The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen, or B2G, for marketing its token offering, such as on Twitter and Facebook. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin SEC Charges Stevel Seagal for Unlawful Crypto Promotion The SEC announced Thursday that it has settled charges against Hollywood actor and producer…

Readying the Blockchain Industry for the Next Wave of Adoption

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Who knows what’s responsible for the current bull run? It could be the upcoming halving, it could be the Chicago Mercantile Exchange’s debut of institutional-grade crypto-backed options, or it could even be the coronavirus. Whatever the reasons, it seems safe to say that the crypto winter is well and truly behind us. If this trend continues, it will only be a matter of time before we begin to see a fresh wave of adopters, eager to capitalize on the growth of crypto as it blooms into a new season. It’s…

The Battle Pass is a Crucial Breakthrough in Gaming, Here’s Why

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Temtem’s roadmap includes a battle pass for monetization. Some players are angry at its inclusion since Temtem is a buy-to-play game. The battle pass is the fairest form of in-game monetization out there. The new Pokemon-like MMO, Temtem, recently announced its development roadmap. Developer Crema will add creatures, cross-play, and a new island, among other things. It will also introduce a divisive battle pass by 2021. Seen in games like Fortnite or Apex Legends, a battle pass provides players with a list of unlockable cosmetics in exchange for a small…