Day: August 31, 2020

Sony’s Big PS5 Event is on Sep 9

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New alleged leak points to PS5 event on Sept. 9. The showcase will reportedly incorporate a release date and price reveal, alongside a look at the console’s hardware and UI. Sony will allegedly provide another look at its first-party PS5 roster. According to a newly-surfaced rumor, Sony is allegedly planning to host the next PS5 event on Sept. 9. A blowout of sorts that should assemble all of the most elusive details about the next-gen console, the event will reportedly incorporate a release date and price reveal, and provide further…

Craig Wright files another libel suit against Roger Ver after 2019 fail

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Craig Wright, a self-proclaimed creator of Bitcoin (BTC), is reportedly continuing to file more defamation suits against perceived rivals, despite none of his previous attempts turning out to be successful. On Aug. 25, Wright filed a libel suit against major industry figure, Roger Ver, with the High Court of Antigua and Barbuda, industry publication CoinGeek reports. According to an official defamation claim obtained by CoinGeek, Wright is seeking legal action against Ver for publicly stating that Wright is not the true Satoshi Nakamoto — the anonymous creator of Bitcoin. The court…

Buffett’s Berkshire Hathaway Buys 5% Stake in Japanese Companies

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Berkshire Hathaway chairman and CEO Warren Buffett announced that his company has purchased a 5% stake in five Japanese trading companies: Itochu, Marubeni, Mitsubishi, Mitsui & Co, and Sumitomo. As the investors, countries and global economy prepare for post-COVID-19 era, Berkshire Hathaway Inc (NYSE: BRK.A), led by Warren Buffett has been focusing and where to put its vast cash deposits. As Buffett celebrated his 90th birthday, he announced that his company will make a strategic investment in five of the leading Japanese trading companies: Itochu Corp (OTCMKTS: ITOCY), Marubeni Corp…

Here’s Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

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Bitcoin has seen consolidation under $12,000 ever since unceremoniously losing that pivotal price point the week before last. The cryptocurrency now trades at $11,700 as of this article’s writing, having closed its weekly candle above a crucial support. Arguably the technicals of the Bitcoin market remain in a shaky spot. Some have asserted that BTC’s rejection at $12,000 is a likely sign it will retrace towards the $10,000s, maybe lower. Vinny Lingham, the CEO of Civic, seems to be unphased. The cryptocurrency investor asserted that there’s a good likelihood the…

Bitcoin, Ether, and XRP Weekly Market Update August 31, 2020

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The total crypto market cap added $8.8 billion to its value for the last seven days and now stands at $373.1 billion. The top 10 currencies were mostly in green for the same period with Polkadot (DOT) being the best performer with 50.3 percent of gains while Cardano (ADA) lost 4.8 percent. By the time of writing bitcoin (BTC) is trading at $11,667 while ether (ETH) surged to $423. Ripple’s XRP stabilized near $0.282. BTC/USD Bitcoin once again re-tested down the weekly support at $11,500 on Sunday, August 23, but…

Wyoming’s ‘Crypto Cowboy’ unsaddled in primaries by alt-right candidate

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Wyoming State Representative and long-time crypto champion Tyler Lindholm has been unseated in the Republican state primaries by a candidate representing the far-right of the party. So far it is unclear how this may affect the state’s blockchain friendly legislation, although, following his defeat, Lindholm said he was “100% confident the [blockchain] laws are safe and secure,” according to a report by Forbes. The upset came as part of a determined push by right-wing donors, conservative advocacy groups and factions within the Wyoming Republican Party, which netted a number of…

Bella Thorne Makes Things Worse for OnlyFans’ Adult Content Creators

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Bella Thorne has issued a tone-deaf “apology” on Twitter. She swears that she’s “trying to help” adult content creators. But all she’s proving is that she just doesn’t get it. Bella Thorne still doesn’t get it. In a weak Twitter thread, the former Disney star tried to get out of the mess she’d created for OnlyFans’ content creators by issuing a half-hearted apology and a promise to “help” those who were negatively affected by her actions. Bella Thorne goes on the defensive after ruining OnlyFans for its content creators.. |…

Xcoins.com Registers 500% YoY Growth, Stays Focused on Speed and Transparency of Crypto Transactions

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The year 2020 has not been great so far as the global economy continues to reel under the blow dealt by the SARS-CoV-2 pandemic, causing a widespread slowdown. One of the most obvious indicators of troubled waters is the recent poor performance of the US Dollar – the reserve currency. As uncertainty surrounds fiat currencies and other financial assets, people are increasingly flocking towards precious metals and cryptocurrencies like gold and Bitcoin respectively, resulting in an increase in their prices. Meanwhile, a lot of established exchanges have found themselves overwhelmed…

Litecoin Price Holds Strong at $60: A Bullish Case For Rally To $70

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Litecoin started a steady recovery wave from the $53.50 and $54.00 support levels against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $58.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The bulls seem to be aiming a larger upward move towards the $68.00 and $70.00 levels. Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely…