Day: March 4, 2020

Donald Trump Just Shot Himself in the Foot With His New York Times Lawsuit

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Donald Trump’s own pride could get him impeached in the coming months if his sexual assault accusers are given a green light to proceed with their cases Trump’s lawsuit against the New York Times will make it difficult for him to worm his way out of the defamation suit brought against him by Jean E. Carroll His lawsuits could also influence his appeal against a similar case brought by Summer Zervos Donald Trump just fired a warning shot at the ‘fake news media’ he’s long criticized. Trump is suing both…

Bitcoin to Consolidate for Weeks Before Kicking Off Massive Rally

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Bitcoin’s price action over the past couple of weeks has made it incredibly unclear as to whether or not the uptrend it has seen throughout 2020 is more than just a fleeting attempt to rally. Now, BTC’s ongoing bout of sideways trading comes just a couple of months before what one analyst is describing as its “most significant event” – the halving. One top trader is now noting that he anticipates Bitcoin to trade sideways or begin drifting lower in the days ahead, with this lackluster price action being followed…

Chinese Province Sees First Official Blockchain Zone

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The central Chinese province of Hunan has approved the establishment of the Wanbao blockchain zone in the city of Loudi. It is the first provincial blockchain zone in Hunan province, according to a local news report from March 4. Hunan punches above its weight among Chinese provinces housing blockchain work According to China’s 2019 blockchain zone development evaluation report, Luodi ranks at 17 among domestic blockchain zones. Luodi blockchain zone has already attracted a number of industry-leading enterprises including Shareslink, Hyperchain, Incite Data and Shenzhen Defang Technology. There are a…

U.S Rep. Submits Bill Urging Tennessee to Study Blockchain

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State Representative Dennis Powers introduced a new bill into Tennessee’s state legislature on March 3 spurring the study of blockchain technology. The bill asks the Tennessee Department of Financial Institutions to dive into research on blockchain and applications for “related technology” in finance and propose changes to any regulations standing in the way of the technology’s progress. The bill lists blockchain’s advantages The document describes blockchain as a ledger capable of documenting financial actions, housed at multiple different points, with each action submitted to all ledger locations for accuracy. In…

Google’s Stadia Gambit Shows They’re Not Giving up on Gaming Yet

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Google has announced a new studio in Playa Vista dedicated to developing new Stadia IPs. God of War producer Shannon Studstill will lead the new studio. Google is doubling down on Stadia despite widespread criticism and a lackluster service proposition. Despite a limited drip-feed of mediocre games, growing impatience among early adopters, and features still missing nearly four months on from launch, Google appears to still have faith in its flagging Stadia cloud gaming service. Google Unveils New Stadia Studio The tech giant announced today a brand new Stadia Games…

Forget Lunging Vegans, Trump Will Sweep Joe Biden Off the Stage

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Joe Biden had an incredible Super Tuesday, winning nine of 14 states. Many people now view him as the Democratic frontrunner. But Biden doesn’t have the mental fortitude, the policies, or the personality to defeat Donald Trump. Joe Biden is probably a smart man. Unfortunately, he doesn’t appear that way on television. Nonetheless, Biden surged ahead on Super Tuesday, taking at least nine of 14 states. That cuts Bernie Sanders down a peg and suddenly makes Biden the frontrunner. Joe Biden surged ahead in the Democratic race after Super Tuesday.…

Cryptocurrencies Are Not a Safe-Haven Asset, Says Expert

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Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says. The world has already seen a slew of market-shaking events this year including trade policy uncertainty, geopolitical tensions and the coronavirus epidemic, among others. With investors around the world struggling to find safe haven assets to insure themselves against potential crises, it was anticipated that many would turn to Bitcoin (BTC) and other digital currencies. Doubts of crypto’s capabilities However, some industry experts say that…

Blockchain as a Tool to Combat Coronavirus

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COVID-19 — more commonly known as the coronavirus — has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the outbreak has moved beyond the initial Hubei province of China to South Korea, Iran, Europe and parts of North America.  Economic impact The coronavirus is not the first serious epidemic that has claimed hundreds of…

Crypto Taxes a ‘Nightmare’ — Congress Hears the Latest on Blockchain for Small Business

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In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity.  “Doing your taxes for crypto is the worst nightmare,” Protocol Labs General Council member Marvin Ammori said, fielding a question from U.S. Representative Steve Chabot on blockchain’s status in terms of whether or not the tech is ready for mass adoption.  A gathering on blockchain’s potential and application On March 4, parties gathered for a hearing…

Crypto Taxes a ‘Nightmare’ — Congress Hears the Latest on Blockchain for Small Business

boss

In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity.  “Doing your taxes for crypto is the worst nightmare,” Protocol Labs General Council member Marvin Ammori said, fielding a question from U.S. Representative Steve Chabot on blockchain’s status in terms of whether or not the tech is ready for mass adoption.  A gathering on blockchain’s potential and application On March 4, parties gathered for a hearing…