Day: August 29, 2020

Frances Coppola: Mr. Powell, If You Want Higher Inflation, Give People Money

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Frances Coppola, a CryptoX columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. The Federal Reserve has just announced a change to its inflation targeting regime. Instead of shooting to hit 2% every year, it will aim to achieve 2% “on average” over an unspecified period of time. So, if inflation runs below target in 2020 and 2021 because of…

Fanboys Be Wary, Sony to Bring More First-Party Games to PC

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Sony is pushing for more first-party games to release on PC. Horizon Zero Dawn is just the start. Will Bloodborne be next? There’s no reason not to publish on PC, Sony. Make it happen. Sony recently published the PlayStation 4 hit exclusive, Horizon Zero Dawn, on Steam and the Epic Store for PC. Much to the ire of rabid fanboys, the game sold quite well, prompting many to speculate on other titles that may come. According to Sony’s recent corporate report for 2020 (thanks, u/ArtisticTap4), that speculation is about to become…

The Wheels Are Falling Off the Stock Market Rally

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The stock market’s rally has made investing riskier than ever. Smart money appears cautious as stocks climb higher. All signs point to a correction in the coming weeks. With the U.S. stock market trading at all-time highs, its only natural that traders are starting to get a little bit jittery. Not only is the coronavirus pandemic still hanging like a dark cloud over the economy, but the stock market’s rally has been driven by just a handful of big-name tech stocks. The rest of the market (roughly 60% of shares)…

Binance Charity and Integro Foundation raise $1 million for PPEs

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Binance Charity and Integro Foundation raised $1 million to donate personal protective equipment to frontline workers. A total of 500,000 KN-95 masks will be distributed to workers in the Brazilian Amazon, Argentina, Chile, Mexico, Venezuela, Peru, Ghana, Nigeria, South Africa, Bermuda, Barbados, St. Lucia, Haiti, Bahamas, the Dominican Republic, the Navajo nations, Russia and Puerto Rico. The initiative is part of the Crypto Against COVID campaign. Integro, founded in Puerto Rico in 2015, committed $333,000 to the initiative with Binance Charity matching that amount 2:1, the foundation said in a…

Boeing, Not Raytheon, Deserves to Be Kicked Out of the Dow Jones Index

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Raytheon Technologies is leaving the Dow Jones after just a couple of months on the index. Exxon Mobil and drug manufacturer Pfizer were booted from the index alongside Raytheon. Boeing’s leadership of the Dow has waned in recent months. The S&P Dow Jones Indices company announced this week that airplane and defense contractor Raytheon Technologies Corp (NYSE:RTX) would exit the index alongside Exxon Mobil Corporation (NYSE:XOM), and Pfizer (NYSE:PFE). The decision came ahead of Apple’s (NASDAQ:AAPL) upcoming share split. Raytheon Technologies only joined the Dow in April after the merger…

Trevor Noah Reveals Parallels Between U.S. and South Africa

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Trevor Noah compares the US to South Africa under apartheid. High unemployment rates, angry citizens, and white supremacy are just some of the similarities. The comedian recalls how people were encouraged to snitch on their neighbors. Corona-times have proven to be beneficial to comedian Trevor Noah. Despite filming from his New York City apartment, his transformation of “The Daily Show” has increased viewership by more than 50 percent. The show was one of the first to adapt to quarantine-life, likely contributing to its success. It’s not all rainbows and butterflies…

This early Bitcoiner sold BTC on eBay for a 100% markup in 2015

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Chris Maurice, CEO of Nigeria-based crypto exchange Yellow Card, made his first business venture into the crypto space back in 2015, selling Bitcoin (BTC) on eBay. “We did that for about a week and we did over $40,000 in sales at a 100% markup,” Maurice told Cointelegraph in an interview. “We were seeing stars at this point,” he recounted, describing his euphoria at the time.  The CEO first learned about Bitcoin in 2013 through a friend — Justin Poiroux, the co-founder of Yellow Card exchange, although Yellow Card was not formed…

Bitcoin price holds key support level as focus shifts back to $12,000

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As the price of Bitcoin (BTC) showed weakness in the past week, the crucial support zone around $11,200, nevertheless, held. Several arguments were given for the volatility throughout the week with Powell’s speech at Jackson Hole and the expiration of futures and options occurring over the past few days. But more importantly, the crucial support level at $11,200 didn’t break, which means the focus now shifts back toward the resistance level at $12,000. Crypto market daily performance. Source: Coin360 The crucial support zone holds as the uptrend remains intact The…

It’s 2020 and Celebrity Baby Names Are Still Complete Cringe

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Celebrity baby names have always been abstract, but these are just laughable. Going through a pregnancy during a worldwide pandemic has likely influenced their poor decisions. From Katy Perry to Iggy Azalea, these baby names of 2020 aren’t even suitable for dogs. We all know Hollywood stars can be a bit eccentric at times, but when it comes to naming their kids, they go above and beyond. Celebrity baby names often aren’t even suitable for a pet, let alone a human being. They sound more like a new candle scent…

Australian racing groups probe firm allegedly involved in OneCoin

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Australian horse racing officials are investigating a group raising thoroughbreds after its alleged involvement with OneCoin. According to news reports, Racing NSW confirmed it is investigating Phoenix Thoroughbreds while a second group, Racing Victoria, is in contact with international officials regarding the company. The allegations against Phoenix Thoroughbreds stem from witness testimony stating the company’s owner, Amer Abdulaziz Salman, was involved with OneCoin and supposedly stole $161 million. A Phoenix Thoroughbreds spokesman told The Sydney Morning Herald it did not do anything illegal and will cooperate with authorities. The company…