Day: September 1, 2020

Joe Biden Joins ‘Animal Crossing’

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Gamers can now add Biden-Harris lawn signs to their โ€œAnimal Crossing: New Horizonsโ€ island homes. The Democratic presidential ticket is the first to foray into the world of online gaming. But is this an innovative marketing campaign, or just another gaming gimmick? Joe Biden and Kamala Harris have joined โ€œAnimal Crossing: New Horizons.โ€ Starting today, players of the popular life simulation game can add โ€œBiden/Harrisโ€ lawn signs to their island homes. The new feature, which is available in todayโ€™s update, is part of the campaignโ€™s broader plan to mobilize online…

Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected

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Warren Buffett has made another major investment shift, one that reduces Berkshire Hathawayโ€™s dependence on the U.S. economy. This news followed the Federal Reserveโ€™s policy announcement to โ€œpush up inflation,โ€ which is seen as bullish for bitcoin, with some predicting that the price of the cryptocurrency will soon reach an all-time high. Buffett Reducing US Dependence Warren Buffettโ€™s Berkshire Hathaway has invested over $6 billion in Japanโ€™s five biggest trading houses. The company has taken a 5% stake in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd., and…

Dow Keeps Rising as Overreaching Fed Eats U.S. Housing Market

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The Dow Jones rallied 100 points Tuesday. The U.S. housing market continues to boom, thanks to the Federal Reserve. JPMorgan believes tech and white-collar dominance could face a reckoning. The Dow Jones rallied on Tuesday as a buoyant U.S. housing market continues to go from strength to strength. One JPMorgan strategist believes that tech dominance could soon fade as valuations look unsustainable. Dow Rallies as U.S. Housing Market Remains Strong The tech sector led the major U.S. stock indices on Tuesday, as the Nasdaq rallied 1% while the Dow Jones…

Jimmy Butler Is So Good on Defense That He Blocked His Entire Family

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Miami Heat superstar Jimmy Butler tallied a career-playoff-high 40 points in Game 1 against the favored Milwaukee Bucks. With many NBA players following the trend of being reunited with their wives and children inside the โ€˜Bubbleโ€™ in Orlando, why is Butler insisting on keeping his away? Stating that his time in Orlando is a โ€œbusiness trip,โ€ Butler doesnโ€™t want the distraction of family hindering his play. Does Jimmy Butler have a point not wanting family distraction in the โ€˜Bubble?โ€™ His career-playoff-high of 40 points on Monday seems to validate his…

Bitcoin price hits $12K again โ€” 3 reasons traders are mid-term bullish

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The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time. So farย in 2020, BTC has topped the $12,000ย level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge. Cryptocurrency daily market performance snapshot. Source: Coin360 Three factors are leading traders to become more bullish on Bitcoin in the short to medium term: The potential catalysts are the declining U.S. dollar, the strength of the $10,000…

Bitcoin price hits $12K againโ€”3 reasons traders are mid-term bullish

boss

The price of Bitcoin (BTC) has hit $12,000 again and traders are becoming more optimistic that the digital asset will hold the key level this time.ย  So far, in 2020, BTC has topped the $12K level four times (all since Aug. 2) but flipping the crucial resistance level to support has been a huge challenge. Cryptocurrency daily market performance snapshot. Source: Coin360 Three factors are leading traders to become more bullish on Bitcoin in the short to medium term. The potential catalysts are the declining U.S. dollar, the strength of…

Did Subway Just Hurt Themselves by Featuring MAGA Fan Bill Belichick?

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Subway just released a commercial featuring Patriots head coach Bill Belichick. Belichick is one of the more despised figures in the NFL. Heโ€™s also a Trump supporter. Did Subway make the wrong move by featuring him? If being a 6x Superbowl champ wasnโ€™t enough, Bill Belichick appears to be aiming for a career in Hollywood. The Patriots head coach was just featured in a Subway commercial. But, considering Belichickโ€™s polarizing nature, did Subway just make a huge mistake? Check out the new commercial here: The Bill Belichick Subway Commercial ๐Ÿ˜‚pic.twitter.com/Qzj1q1EFFl…

DeFiโ€™s popularity has pushed DEX volume past $11B

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Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in Augustย as DeFi madness continues making headlines. Numbers from analysis firmย Dune Analyticsย revealed that August trading volume represented an uptick of 152% month-over-month. The main driver behind the skyrocketing DEX volume is Uniswap, which has become a dominant exchange over the last couple of months. Uniswap has accountedย for $2.8 billion in volume over the past seven daysย and $877 million in the last 24 hours. Uniswap even surpassed Coinbase in daily volume on Aug. 30ย as investors flock to DeFi and decentralized exchanges.…

Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486

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Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied.ย  Currently sitting at its 2020-high of $486, Ether rallied 10% today. The spike in network activity is thought to be related to the launch of Sushiswap, a fork of Uniswap which has hit $1 billion in total value locked in less than 24 hours. The news may sound good for Ether miners whose revenue…