Day: September 1, 2020

Sony’s Latest PS5 Teaser Forgets to Reveal The Missing Details

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Sony has released a brand new teaser trailer for its next-gen PS5. An accompanying PlayStation Blog shares insight from developers about the console’s SSD and Tempest 3D Audio Engine. Still no price or release date announcement on the horizon. With no price or release date in sight, Sony continues to push out marketing material flaunting the merits of its next-gen PS5. It’s not quite what fans want, but we’ll all have to make do. Today, Sony regaled fans with yet another trailer vaunting the immersive qualities of the PS5, although…

BEN Global Airdrop to Galvanize Thousands of Students in September

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The Blockchain Education Network (BEN) has announced the next iteration of its yearly airdrop, an educational campaign and event where students and blockchain clubs at academic institutions from around the world receive digital assets that introduce them to blockchain technology. The campaign starts on September 1st, and for 28 days students from across the world will be able to sign up for the airdrop. On September 29, the airdrop will be distributed during a global Zoom party hosted by the BEN executive team. The transition across campuses switching to remote…

Trump’s Failure to Censure QAnon Is More Dangerous Than You Think 

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QAnon has gained heightened attention in the news lately after President Trump was asked about the extremist conspiracy group in a press conference. The QAnon conspiracy theory has been linked to numerous criminal and violent incidents in the past. The FBI previously cited QAnon as a domestic terror threat. Oh, what a time to be alive. Six months into the pandemic, the U.S. is still struggling to dampen the raging flames of COVID-19, a disease that has to date claimed the lives of more than 170,000 Americans. We’re preparing for…

Bitcoin is at a “Pivotal” Level; Here are the Key Factors to Consider

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It has been a turbulent past couple of weeks for Bitcoin, with the cryptocurrency first plunging to lows of $11,000 last week before incurring a strong rebound that has since led it all the way up towards $12,000. Despite the strength of the aggregated crypto market, analysts are noting that there are some signs that BTC may not be able to rally any further. It is important to keep in mind that $12,000 has become a massive resistance region that has stopped its price from ascending on multiple occasions in…

Bitcoin News Roundup for Sept. 1, 2020

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With ether reaching a two-year high and a breakdown on weird DeFi, CoinDesk’s Markets Daily is back for your latest crypto news roundup! The two-year high was reached alongside a drop in the number of coins held in exchange addresses.  Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines. What do these various memecoins do? Here’s the rough TL;DR of the latest tokens to top the DeFi charts. Original

A legal asset after all? Governments are cashing in on seized crypto

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It is customary for government officials around the world to profess their disdain for crypto on the grounds that it is widely used to facilitate crime and finance terrorism. Although (government-backed) cash still remains criminals’ preferred financial tool by a wide margin, it is true that nefarious actors also turn to digital assets. When corrupt plans go sideways, law enforcement and other government agents can find themselves in possession of hefty sums of crypto. It appears that reports of such instances are becoming more common as crypto adoption widens. In…

Stock Splits Are Trash for Apple & Tesla Stock Valuations

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Apple and Tesla stock surge on stock split mania. One legendary hedge fund manager scoffs. The bulls need to revisit Warren Buffett’s 1999 remarks about stock bubbles and how to value equities. Fed Chair Jerome Powell is putting the pedal to the metal on the digital U.S. dollar printer. You’ve got two cents on every dollar to use or lose in 12 months. If you are billionaire investor and hedge fund manager Leon Cooperman, with $3.3 billion in assets under management at Omega Advisors, that’s $66 million. Where do you…

Ethereum Miners Are Biggest Beneficiary of Increased Transaction Fee

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With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever. Ethereum miners have lately been cashing out at a higher rate through the consumers’ transaction fee collection meant to maintain the system. According to Glassnode, an on-chain market analyst, Ethereum miners saw a record profit of over $500,000 in transaction fees in one hour. He further noted that it is a new record high for a…

Having Your Worst Year Ever? It’s Elon Musk’s Most Profitable

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Elon Musk is now richer than Mark Zuckerberg. The Tesla CEO has recorded the world’s largest wealth increase so far this year. At the beginning of the year, he was worth less than $30 billion but has now nearly quadrupled that amount. Tesla (NASDAQ:TSLA) CEO Elon Musk is now the world’s third-richest person. His net worth climbed to $115 billion on Monday–the first day of Tesla shares started trading at their new split-adjusted price. The billionaire has now surpassed Facebook CEO Mark Zuckerberg in net worth for the first time.…

Dropping Change Fees Won’t Fix Mess American, Delta & United Are In

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American, Delta, and United are all eliminating cancellation or change fees. The fees constitute a significant portion of the revenues of most major airlines. Last year, Delta generated close to $1 billion in change fees. In air travel, the Covid-19 pandemic has shifted the balance of power from the airlines to the passengers. American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), and United Airlines (NASDAQ:UAL) demonstrated that this week when they announced they would be dropping the fees associated with canceling or changing a flight. The three airlines are following the…