Day: June 3, 2020

It’s Time for Meghan Markle Fans to Realize Something About Kate Middleton

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Kensington Palace has thrown its weight behind defending Duchess Kate Middleton against Tatler. This has seemingly irked Meghan Markle, who wonders why she didn’t get equal treatment by the Palace during her time as a working royal. The answer is simple, Meg. Kate is the future Queen Consort. You’re not. The support that Kensington Palace gave Kate Middleton in the aftermath of the Tatler magazine scandal has got Meghan Markle all upset. Someone hold my laptop while I wipe the tears from my eyes. Meghan Markle claims that support Kate…

Scammer Spoofs SMS Identifier to Steal Funds From Bitcoin User

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A Bitcoin (BTC) peer-to-peer exchange made on the HodlHodl platform went awry as a scammer appears to have used a SIM spoofing attack to make the seller believe he was about to receive the money. The episode was reported on June 2 by a Reddit user going by the name of Gandeloft. According to the victim, he wanted to cash out his Bitcoin savings of 0.1747 BTC, worth $1677 as of press time. Through the HodlHodl platform, he found a merchant willing to offer 1650 Euro, or $1848, for the…

Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger

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Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happens when an asset price makes a move in one direction, but then reverses course and moves in the opposite direction, according to the know-it-all online dictionary Investopedia. Bollinger Bands define high and low on a relative basis. By definition prices…

Grayscale’s Ethereum Trust Trading at Huge Premium, Shows YTD Returns of 679%

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Data has shown that Grayscale’s Ethereum Trust is currently trading at a huge premium against ETH’s net asset value, indicating that there’s a fair amount of FOMO following it. While it’s still hard to determine whether the huge increase was caused by institutional or individual investments, traders should be careful when investing in products with such a high premium. Grayscale’s ETH Trust Shows Incredible YTD Returns Grayscale Investment’s Ethereum Trust has shown incredible returns this year, making it one of the most profitable trusts in the crypto industry. According to…

Your Ultimate Guide to the Fundamentals Driving the Dow Jones Right Now

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The Dow Jones recovery has been nothing short of extraordinary. Even a mountain of bearish fundamentals has failed to slow the stock market’s ascent. Behind the scenes, one big bullish development is taking place as the King Dollar starts to creak. The Dow Jones continues to trade higher, even as a mountain of concerning fundamentals have built up both in the U.S. and abroad. Unprecedented economic crisis aside, there are bullish things happening for the Dow, with the dollar weakness quietly helping to drive the stock market higher. Here’s your…

Buffet’s Losing Billions; Here’s What He Should Do to Get Back on Track

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Warren Buffett’s top holdings have suffered tremendous losses this year. The Oracle of Omaha should consider cutting his losses to free up capital. He can use the available money to invest in the future. Warren Buffett, the greatest value investor, has lost tens of billions of dollars amid the global pandemic. He needs to make drastic changes in his investing strategy, or he’ll likely lose more money in the coming months. Buffett Should Consider Cutting Some of His Losses While investing heavily in intrinsically valuable companies has made Warren Buffett…

The PS5 Design Reveal Is Coming – Whether Sony Likes It or Not

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According to a report from DigiTimes, the manufacturing of the PS5’s SoC is nearing the final stages. The chip will be delivered to downstream manufacturers later this month. Mass production heightens the risk of the final console design leaking unless Sony pre-empts with an official reveal shortly. It’s only a matter of time before the final PS5 design leaks unless Sony reveals it first. According to a report published by Chinese media outlet DigiTimes, the manufacturing process of the PS5’s system-on-a chip is nearing completion. Sony to Ramp Up PS5…

Key DeFi Ecosystem Problems, Explained

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The DeFi market is made up of many different actors and subsectors, some of which simply don’t exist in traditional finance. While a large majority of participants include lenders looking to loan out assets, borrowers looking for quick access to those assets and exchanges that can act as a medium for lenders and borrowers, there are a number of other important facets and solutions. These include peer-to-peer marketplaces, the tokenization of real-world assets such as real estate and art, prediction markets, staking and collateral, alternative savings with interest earning mechanisms…

Holding Ripple’s XRP is “Not an Effective Strategy,” Argues Top Analyst

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XRP, the underlying token of the Ripple’s flagship blockchain, is not a practical cryptocurrency for holding, said a top market analyst. The statements appeared in the wake of XRP’s dismissive performance in 2020 against its better-performing rivals, such as bitcoin. The analyst said the Ripple token could fall by another 50 percent before it pursues a retracement price rally. Holding XRP is not an effective strategy, says a top cryptocurrency analyst. The Ripple blockchain’s native asset is down by more than 91 percent from its all-time high, explained the pseudonymous trader,…