Here’s Why More Downside Is Expected

Along with Bitcoin, Ethereum, and the rest of the crypto market, XRP has taken a significant hit during the last 48 hours of carnage. Ripple has since plunged by over 20% from its recent peak, but a bearish divergence forming could be a prelude to substantial downside ahead. XRP Falls 20% In Two Days, Is The High For 2020 Already In? The total crypto market cap within the last 48 hours had over $50 billion in value wiped out from the massive 2020 rally that at the peak saw an…

The Steve Nash Hiring Could Backfire Spectacularly in Brooklyn

The Brooklyn Nets officially announced on Thursday that they hired Hall of Fame point guard Steve Nash as their next head coach. Nash was a talented player, but he comes to Brooklyn with zero head coaching experience. He has a strong personal relationship with Kevin Durant and Kyrie Irving, but what happens if the team struggles? The Brooklyn Nets shocked the basketball world on Thursday by hiring former two-time NBA MVP and Hall of Famer Steve Nash as the organization’s next head coach. Per ESPN’s Adrian Wojnarowski, Nash will be…

ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode. When denominated in USD, these numbers are still below the record set on January 10, 2018 — when miners earned $32 million versus $23 million on September 2. The price of ETH at the time was approximately three times the current rate. However, what is…

Dow Dives 800 Points as Trump Repeatedly Warns of Stock Market Crash

The Dow Jones fell more than 800 points on Thursday. Donald Trump continues to warn of election favorite Joe Biden triggering a stock market crash. Jim Cramer is worried about “very inflated” stock market prices. The Dow Jones plunged on Thursday, as major tech stocks saw heavy losses despite some positive jobless claims data. Donald Trump’s constant warnings about Joe Biden triggering a stock market crash may finally be taken seriously by Wall Street after more good polling for the Democratic candidate. Dow Jones Plunges as Apple Dives All three…

Soaring Ethereum Fees Could Cause A Gloomy Future For The Altcoin

Ethereum has been a stand out star in the crypto market in 2020. Even with the recent over 15% collapse, the top-ranked altcoin is up over 200% year to date and 350% from the Black Thursday bottom. Since then, though, Ethereum has taken on a completely new life, it seems, driven by DeFi and escalated by the surge in Uniswap tokens. But all this usage has clogged up the Ethereum blockchain and caused fees to reach unrealistic levels for everyday transacting. It’s caused some investors to avoid transacting in ETH…

This Is Not the Time For Gwyneth Paltrow’s Goopy Science

Samantha Bee called out Gwyneth Paltrow for promoting “pseudoscience.” “Full Frontal With Samantha Bee” also took the $4 trillion “global wellness industry” to task for pushing alternative therapies. While there’s some research to suggest that some “alternative therapies” are effective, Paltrow’s actions are cultural appropriation and ineffective and deserve to be called out. Gwyneth Paltrow got called out. Samantha Bee, the host of Full Frontal With Samantha Bee, took on the actress’s “wellness company” Goop, as well as other “alternative therapies” whose effectiveness is questionable at best and dangerous at worst. And while…

Joe Rogan Needs More Guests Like Miley Cyrus

Joe Rogan recently interviewed Miley Cyrus on his podcast. She gave the JRE host a few healthy jabs to his ego. Not only would Rogan benefit from more guests who challenge his viewpoints, but his audience would too. Miley Cyrus just took her wrecking ball to Joe Rogan’s ego. Well, not really. But she did jab the podcasting guru for his lack of knowledge on LGBTQ culture. If Joe Rogan really wants to reach people, he should keep inviting guests like Miley, who challenge his belief systems. With a whole…

Davey Day Trader Portnoy says crypto is boring right now

“I’m begging my crypto friends to get involved in the stock market,” Portnoy, also known as Davey Day Trader, said in a Sept. 2 tweet. “Bitcoin is stuck in the mud,” he explained, adding: “Let me lead you. We will get back to crypto later. The time to strike is now! No time for weak hands! Make the move!” Included in the tweet, Portnoy posted a scene from the movie “Captain America: The First Avenger” — the scene in which the main character, Steve Rogers, outsmarts his military team, pulling…

Wasabi Wallet Patches Flaw That Could Have Thwarted Bitcoin Privacy Feature

Wasabi Wallet users need to upgrade to the latest version if they want to continue using the CoinJoin feature to keep their Bitcoin transaction histories private. That’s because those running older iterations of the wallet can no longer use this feature to mix their coins with users who have the newest version. The Wasabi Wallet team hard-forked the wallet Thursday to address a vulnerability discovered by a team member at Trezor, a leading maker of hardware wallets. A hard fork is a code change that makes older versions of a…

Bitcoin price charts now hint at drop below $10K

The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent. However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the current tumble towards the $10,500 region. Crypto market daily performance snapshot. Source: Coin360 Bitcoin price drops alongside weakness in equity markets Not only has the price of Bitcoin been showing weakness today, but the…