Day: August 30, 2020

Kim Kardashian Continues to Display Her Questionable Mothering Skills

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Kim Kardashian took her daughter, North West, for a wakeboard session. West — who is Kardashian’s eldest daughter with Kanye West — screamed the entire time. Why does Kim think it’s cute to traumatize her child? During a family outing to a lake, Kim Kardashian decided to show off her parenting skills. Unfortunately, she fell more than slightly short of the mark. It’s probably not a good idea to bring a 7-year-old to a wakeboarding session, especially if she’s not a strong swimmer (and based on what we’ve seen, North…

Ethereum Classic suffers another 51% attack

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The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC is still making progress in evaluating proposed solutions, we are aware of the current risk to the network at these low hash rate levels. To miners, exchanges, and other service providers we suggest keeping confirmation requirements levels well above 7K for…

The Housing Market Isn’t a Bursting Bubble

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Strong demand for homes suggests the market is strong. Several factors have the potential to bring the housing market crashing down. A significant factor moving forward will be affordability. Bears have been predicting an impending housing market crash for some time, and the pandemic seemed to be the perfect catalyst for a downward spiral. But another strong month of rising existing home sales suggests the U.S. housing market might make it through the coronavirus crisis unscathed.  Existing home sales beat expectations as pent-up demand from the spring boosted sales. |…

Meghan Markle Won’t Quit Talking About the Election

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Meghan Markle said that she won’t stop talking about the upcoming presidential election. However, she’s made clear that she won’t be choosing a candidate. And there’s nothing in British law that is stopping her from doing so. Meghan Markle cannot be silenced. Through her actions, the Duchess of Sussex has made clear she will not remain silent about the upcoming American election. This, despite the best efforts of her haters. And I, for one, couldn’t be more thrilled — especially since there’s absolutely nothing in British law that forbids her, or anyone…

3 Reasons Frothy Tech Stocks Still Have Firepower

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The concentration of tech companies in the U.S. stock market has soared to a new high, surpassing dot-com era levels. Tech stocks surpassed the valuation of the entire European stock market. The tech sector still has firepower left as positive earnings and struggling offline businesses buoy investor sentiment. Tech stocks are showing no signs of slowing down after surpassing the entire stock market valuation of Europe. Three key catalysts could fuel more gains in the near term. The one-year performance of the S&P 500. | Source: Yahoo Finance Investors are…

Stock Market Clowns Have Blown a ‘Mega-Bubble’ in the Dow

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The stock market is at record highs, even though the U.S. economy isn’t. Concentrated bets on a handful of titanic companies have the major U.S. indices soaring. Economist David Rosenberg warns this is a “mega-bubble” – and the pop is going to be “spectacular.” As the stock market continues to wind its way higher, Wall Street’s permabear herd is growing thinner and thinner. There aren’t many left, but the few who remain can barely believe their eyes as the Dow marches toward a new all-time high. David Rosenberg: Brace for…

Aave’s path to decentralization hopes to attract institutional investors

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Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority. Aave recently launched its Aavenomics proposal to reward both liquidity providers and AAVE holders who are taking part in the risk position and keeping the protocol safe. Stani Kulechov, the CEO of Aave, told Cointelegraph in a phone call that the function that allows Aave token holders…

Of Course Rosie O’Donnell Defended Ellen DeGeneres

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Rosie O’Donnell came out in defense of Ellen DeGeneres. The former talk show host said that she had “compassion” for the embattled comedian. Not only is O’Donnell’s defense of DeGeneres yet another example of celebrity tone-deafness, but it’s also completely self-serving. Rosie O’Donnell has come out in defense of Ellen DeGeneres. The former talk show host said that she “has compassion” for the embattled comedian, and feels that she’s unfairly being attacked. That’s why I have compassion for Ellen [DeGeneres], right? I have compassion, even though, you know, I hear…

Crypto has a chance to upgrade the legacy financial system

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If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in terms of how to fix it. In a sense, each of these networks represents a new, if partial, vision of what could make for a better system.  For instance, we’ve seen Celo leverage cryptographic tools…

DeFi’s meteoric rise continues as locked in value hits $9 billion

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Decentralized finance (DeFi) hit another milestone as its locked in value reaches $9.02 billion as DeFi projects gained speed in the past few months. Aave continues to be the largest DeFi project, with $1.71 billion locked, followed by MakerDAO with $1.43 billion, Balancer at $1.36 billion, Curve Finance at $1.26 billion, yearn.finance at $953.6 million and Synthetix with $871 million. Yearn’s YFI token surged 75% in the past day, with its price hitting $38,883 on Binance. The price moved its market capitalization to $1 billion. Excitement for DeFi hasn’t waned…