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Day: June 1, 2020
The Dow’s Unstoppable Climb Meets Its Match in Alarming Fed Prediction
The Dow Jones rallied to start the week despite a stunningly bearish Q2 GDP estimate from the Federal Reserve Bank of Atlanta. The Dow’s Unstoppable Climb Meets Its Match in Alarming Fed Prediction by CCN.com Source
Protestors Invoke Bitcoin in the Wake of George Floyd’s Death
The United States is witnessing its biggest protests in years following the death of George Floyd at the hands of a police officer in Minneapolis. Some compare it to those after the murder of Martin Luther King Jr. in 1968. The community crypto has chimed in on the situation. Crypto sphere personalities like Binance’s CEO Changpang Zhao reacted via Twitter after six days of massive protests: “#Bitcoin is the peaceful protest” Ripple’s CEO Brad Garlinghouse also reacted via Twitter to the protests, stating that he stands in solidarity “with all…
Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support
On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches Uquid Shop: 30,000 Digital Products The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected…
Hacker Steals Database of the Largest Hosting Provider on the Dark Web
Reports emerged on May 31 about a hacker that stole and leaked the database of Daniel’s Hosting (DH), the largest free web hosting provider in the darknet, and the home of several crypto-related forums and stores. The hacker —under the pseudonym “KingNull”— also claims to be part of the Anonymous collective and reportedly got the information after the second hacking suffered by DH on March 10, which resulted in 7,600 dark websites taken down. The fact forced the hosting provider to shut down its service and urged the users to…
Meet the US Senate Candidate Who’s Invested in Bitcoin Since 2013
Cynthia Lummis was the U.S. Representative for Wyoming from 2009 to 2017, and is now running for U.S. Senate. A budget hawk and founding member of the Freedom Caucus, she first bought bitcoin in 2013 after a tip from her son-in-law. She’s been an advocate ever since. A rancher with sandy blonde hair and a warm chuckle, Lummis spoke over the phone while she was looking out her window at hundreds of heads of steer. Birds were chirping in the background. We discussed what is a good store-of-value, how she…
Meet the US Senate Candidate Who’s Invested in Bitcoin Since 2013
Cynthia Lummis was the U.S. Representative for Wyoming from 2009 to 2017, and is now running for U.S. Senate. A budget hawk and founding member of the Freedom Caucus, she first bought bitcoin in 2013 after a tip from her son-in-law. She’s been an advocate ever since. A rancher with sandy blonde hair and a warm chuckle, Lummis spoke over the phone while she was looking out her window at hundreds of heads of steer. Birds were chirping in the background. We discussed what is a good store-of-value, how she…
The Power and Peril of the ‘Bitcoin Fixes This’ Meme
As the U.S. experiences the most sustained civil disobedience in more than a generation, an exploration of what role bitcoin has to play in building a better system. Cities around the country have been engulfed in protest in the wake of the murder of 46-year-old black man George Floyd. There is an intense battle for the narrative around the protests. Are they legitimate outcries against institutional racism and police brutality? Is the looting covertly being driven by white supremacists on the one hand or ANTIFA on the other? In the…
On the ‘Bitcoin Fixes This’ Meme
Source CryptoX Portal
It Sure Looks Like Wall Street Insiders Are Bracing for a Stock Market Plunge
May was a busy month for corporate insiders. Several high-profile stock sales suggest business leaders have a gloomy outlook. A CFO survey shows more than half of the world’s finance chiefs are expecting the market to retest its lows. The U.S. stock market rally has been unstoppable over the past two months. Despite a spate of terrible economic data, investors appear to be committed to looking past the pandemic’s damage to U.S. businesses. But as investors rush in, executives and other members of the C-suite are quietly backing out. Insiders…