June 5, 2020

The Real Reason Elon Musk Suddenly Sounds Like Bernie Sanders

June 5, 2020 boss

Elon Musk has renewed his rivalry with Jeff Bezos. The Tesla CEO wants Amazon to be broken up, stating that “monopolies are wrong”. Musk is starting to sound like Bernie Sanders, but don’t let him fool you. Weeks after openly siding with conservatives about reopening the U.S. economy, Tesla (NASDAQ: TSLA) CEO Elon Musk is showing his progressive side. On Thursday, Musk called for regulators to forcibly break up online retailer Amazon (NASDAQ: AMZN). Time to break up Amazon. Monopolies are wrong! Tesla CEO tweeted Thursday that Amazon should be…

Bluepoint’s Secret PS5 Project Could Be Creepy Bloodborne Remastered

June 5, 2020 boss

Fresh information has reignited long-standing rumors of a Bloodborne PC port. A call for BLM solidarity transformed into confirmation that a Bloodborne remaster is heading to PS5 and PC. Signs suggest Bluepoint Games is leading development duties on the project. Fresh reports have re-ignited rumors that a PC port of Bloodborne is in the works. Alongside, signs add weight to speculation that From Software acclaimed PS4 exclusive could land on PS5 courtesy of game modernizing wizards Bluepoint Games. A call for solidarity with the BLM movement extraordinarily turned into yet…

Retail Investors Continue Blindly Throwing Money Into Airlines

June 5, 2020 boss

Airline shares are rallying strongly, as early indicators are that they will fly close to 50% capacity this summer. That’s a steep rise from 20% back in April and May. The sector remains a mess, and bankruptcy is still a prospect for a segment only at half its capacity. Airline stocks offered some of the biggest percentage returns in the stock market Thursday. Retail investors are jumping into soaring shares, even as billionaire investors like Warren Buffett continue to shun the trade. The rally, led by American Airlines (NASDAQ:AAL), is…

Your Crypto Taxes Can Be Donated to Charity Instead

June 5, 2020 boss

The crypto community is incredibly financially literate and savvy. Despite everyone calling for crypto adoption and more merchants to accept crypto as payment, most people want to accumulate more crypto, not spend it. Holders think it will be worth more in the future, so why spend it now? Spending Bitcoin (BTC) at Starbucks for a cup of coffee is a huge pain in the side. Although the transaction itself might be relatively painless with the help of a mobile app, the accounting and tax implications can be frightening if you’re…

Investors say it may take time for Bitcoin to spike

June 5, 2020 boss

Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years. Bitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5. There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the…

U.S. Stocks Dull Bitcoin Appeal on Optimistic Jobs Report

June 5, 2020 boss

Spot bitcoin fell was down 1.32 percent at $9,659 per token ahead of the New York opening bell Friday. Bitcoin futures slid 1.82 percent to $9,715. The move downhill appeared as the U.S. futures headed higher following jobs report at 0830 ET. Bitcoin prices eased ahead of hugely awaited U.S. jobs report on Friday as investors pinned their hopes on economic recovery. The spot bitcoin rate fell 1.32 percent to $9,659 per token, while CME futures linked to the Bitcoin market were down 1.89 percent at $9,715. In contrast, the…

The Dow Is up 2,500 Points in 2 Weeks – But One Chart Could Spell Trouble

June 5, 2020 boss

Dow futures surged as much as 650 points on Friday morning after a blowout jobs report left Wall Street stunned. The U.S. economy added 2.5 million jobs in May. It’s just the latest evidence that the stock market rally is sustainable, but contrarian traders say there is something else to worry about. Forget “sell in May and go away.” The Dow Jones Industrial Average (DJIA) is on an absolute tear, and the stock market’s breakneck recovery shows no signs of letting up just because spring is preparing to give way…

Waves Enterprise Starts Beta Testing for Blockchain Corporate Voting Platform

June 5, 2020 boss

Waves Enterprise has launched Voting — a blockchain-powered e-voting platform centering corporate clients — for public beta testing. According to the official announcement, published on May 28, the new service aims to “leverage all the advantages of blockchain technology while retaining traditional voting rules and processes”. Artem Kalikhov, chief product officer of Waves Enterprise, told Cointelegraph that only a decentralized solution can guarantee data protection and transparency in online voting: “The blockchain provides a trustless environment for data exchange between independent encryption servers that act as participants of voting protocol.…