Day: August 31, 2020

Even a ‘Marriage’ to Loretta Lynn Won’t Make Kid Rock Relevant

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Kid Rock “married” country music legend Loretta Lynn over the weekend. Lynn was called a “cougar” and the spectacle was called “tabloid fodder.” The rap-rocker-turned-Trump supporter is desperate for relevance, at this point. Kid Rock got married. Sort of. The 49-year-old patron saint of white trash “married” country music legend Loretta Lynn over the weekend. It was hailed as a “hillbilly soiree,” but it feels more like a desperate grasp for attention. Kid Rock Is Chasing Clicks Unable to get headlines for legitimate reasons like “making music,” or — better…

Should You Really Trust Elon Musk With Your Brain?

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Elon Musk’s new brain implant device is causing people to make comparisons to Netflix’s “Black Mirror.” The show warns us of how this kind of technology can damage mental health and invade privacy. People are more afraid that their data will be sold and used for advertising purposes. As if 2020 couldn’t get any crazier, Elon Musk has designed a brain implant to record and replay memories. People are already comparing the news to Netflix’s “Black Mirror.” Created by Musk’s tech company, Neuralink, he describes it as a “Fitbit in…

Expect market regulation ‘avalanche’ if Biden beats Trump — Mulvaney

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Former Trump chief of staff Mick Mulvaney says a Joe Biden presidency would cause an “avalanche” of regulations. Some economists have also voiced concerns that the Biden administration would lead to a stock market pullback.  This has led many crypto analysts to ponder what impact a strong stock market correction would have on the price of Bitcoin (BTC). During an interview on CNBC’s Squawk Box, Mulvaney said Biden would push many regulations in a short period. He stated: “If Trump wins you’ll see a lot more of the same. He’s…

China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain

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China has laid plans to use a new automated system powered by blockchain, big data, and artificial intelligence technologies to propel surveillance of its judges and police officers. This approach is intended to deter violations like corruption in the judiciary and police force, according to the South China Morning Post.  Computer-based analysis The blockchain-powered system is expected to use computer analysis and machine learning to identify abnormalities or deviations in sentences and verdicts handed down by judges. This follows a widespread campaign in China to get rid of corrupt government…

Should Marcus Morris Be Suspended for His Hits on Luka Doncic?

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Marcus Morris punched Luka Doncic several times in one play on Sunday night. In the previous game, he stepped on Doncic’s bad ankle. Given Morris’ history of foul play, his punishment should reflect his attitude: it should be bad. Marcus Morris should’ve been a boxer. He clearly wants to fight at every available opportunity. What’s worse, you can make the argument that he wants to hurt people—like Luka Doncic. In back-to-back games, Morris levied dangerous hits against the Mavericks young star. And it’s far from the first time Morris has…

Chainlink Faces Grim Rejection as Likelihood of Hitting $15.00 Grows

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Chainlink faced a grim rejection at just below $18.00 yesterday, which struck a blow to the technical strength that it had been expressing throughout the past few days and weeks. Because LINK has since reeled below the support it was forming at $17.00, it now appears that the crypto may continue trading within the long-held consolidation range that it has been caught within throughout the past few weeks. Analysts believe that the crypto may now face some further near-term weakness that sends it reeling down towards $15.00 in the near-term.…

Protection Over Profit: What Early Mining Patterns Suggest About Bitcoin’s Inventor

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New research from RSK/IOV’s Sergio Demian Lerner reveals that Patoshi, an early Bitcoin miner assumed by many to be Satoshi Nakamoto, mined using an algorithm that was not included in Bitcoin’s first client release. This finding finally explicates why Patoshi’s hashing patterns are so much different than other, early Bitcoin miners, but raises the question: Why did Patoshi give themselves a leg up? If we take for granted that Patoshi is, in fact, Satoshi, then it’s conceivable that Bitcoin’s creator used this advantage to prevent mining attacks on the nascent…

Market Wrap: Bitcoin Over $11.7K; Uniswap Passes $500M in Daily Volume

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Bitcoin is trending upward and volume on decentralized exchange Uniswap is soaring to an astounding new high. Bitcoin (BTC) trading around $11,724 as of 20:00 UTC (4 p.m. ET). Gaining 0.61% over the previous 24 hours. Bitcoin’s 24-hour range: $11,575-$11,784 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 29. Read More: Huobi and OKEx Battle for Supremacy in China Bitcoin jumped as high as $11,784 on spot exchanges like Coinbase on Monday. Adding fuel to the fire was…

The Stock Market Is Betting on a 2020 Victory for Donald Trump

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A JP Morgan global strategy head says Trump will likely win the 2020 election. The stock market seems to agree. Wall Street analysts and clients generally view a Joe Biden Administration as unfriendly to equities. But the S&P 500 is sailing along, carefree of this outcome. Let’s set politics aside for a moment and talk about money. Marko Kolanovic, a global strategy head at JP Morgan, told investors Monday that his office expects Trump to win again in November. We currently believe that momentum in favor of Trump will continue,…

Here’s why the Head of the Chechen Republic has such a strong disdain for cryptocurrencies

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The Chechen leader Ramzan Kadyrov shared some harsh comments about cryptocurrencies amid growing interest in the technology amongst Chechnya’s citizens. According to Pravda, Kadyrov claimed that the media is presenting crypto “as the new gold,” provoking what he calls a kind of Bitcoin (BTC) “fever”: “People take loans, save on themselves and their families, invest their last money in digital assets that promise incredible profits.” The head of the Chechen Republic, a federal subject of the Russian Federation, also warned that excess profit is tied with “big risks.” He also…