Day: September 7, 2020

Bradley Cooper Doesn’t Like the Oscars

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Bradley Cooper thinks awards shows are meaningless and only appeal to an actor’s ego. Actors who have handed similar criticism in the past have changed course upon winning. Stars have made these ceremonies too much about their political agendas, contributing to their lack of value. Multi-time Oscar nominee Bradley Cooper has gone on record to put down acting awards. He’s argued that these ceremonies have no appreciation for artistic creation and contribute to an actor’s insecurities. While Cooper does make a fair point, he’s also contradicted himself. Why Does Bradley…

Schiff buys more Bitcoin: But there’s a twist

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The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin critic. “Against my advice my son just bought even more Bitcoin,” said Schiff. “Whose advice do you want to follow?” Against my advice my son @SchiffSpencer just bought even more #Bitcoin. Whose advice do you want to follow? A 57-year-old experienced investor/business owner who’s been an investment professional for over 30 years or an 18-year-old college freshman who’s never even had a job. —…

The Five Best Trades for Giannis Antetokounmpo

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Giannis Antetokounmpo and the Milwaukee Bucks are in a 1-3 hole against the Miami Heat. Milwaukee’s star is up for a contract extension this summer. If he turns it down, the Bucks should trade him before they lose two-time MVP for nothing. The Milwaukee Bucks are in an epic hole. If they can’t miraculously dig themselves out, they might lose their crown jewel, Giannis Antetokounmpo. And they would have no one to blame but themselves. As small market teams struggle to hold onto superstars, it’s often because they aren’t willing…

UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash

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London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies. Ziglu founder and chief executive officer Mark Hipperson said the EMI license allows the firm to issue electronic money (e-money) and to provide payment services. The permit was issued on September 1, more than a year since the initial application. It also required the company to comply with stringent…

XRP’s 30% Decline Falls To Bottom Of Cloud, Stormy Days Ahead If Support Fails

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XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap. The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price. XRP…

‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts

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Dr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward new transactions to their peers.” They speculated that crypto miners may instead be incentivized to keep transactions confidential “in the hope of being the only one who can earn the associated transaction fees.” Exclusive mining, which is a type of collusion between a transaction initiator and a single miner or pool, uses private channels to confirm transactions rather than broadcasting…

DeFi boom leaves former altcoin darlings in the dust — But for how long?

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The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to their all-time highs in 2020. YFI alone has surged 10x since listing. In fact, most high-profile DeFi-related tokens have outperformed Bitcoin (BTC) and other altcoins by a long stretch. Even governance and infrastructure projects like Chainlink (LINK) and UMA, the latter of which became one of the largest DeFi protocols in September, were eclipsed by DeFi…

Ransomware hackers shut down Argentina’s borders, demand $4M BTC

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Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27. According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina’s immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.  “Your files are encrypted,” stated a ransom note on a Tor payment page sent to the immigration agency. “Only way to decrypt your files is [sic] buy the decrypter…

Bitcoin Is Sandwiched Between Two Important Short-Term Targets

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As tempting as a Bitcoin sandwich may sound, its a stressful moment for investors who find the cryptocurrency at a pivotal level. The asset is currently holding at $10,000, but two targets Bitcoin is sandwiched between mean this level won’t last long – one way or the other. But which way will it be? CME Bitcoin Futures Gap Could Act As Reversal Target Bitcoin price fell last week by over $2,000 in 48 hours – wiping out billions from the crypto market cap. A market filled with extreme greed quickly…

This Simple Price Level Is Crucial to the Bitcoin Bull Case After 20% Drop

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Bitcoin has faced a strong 20% correction over the past five or six days. This drop has brought the leading cryptocurrency from the local highs near $12,100 to a low of $9,800, marking the most notable retracement in months. Analysts remain long-term optimistic about BTC’s bull case. However, the severity of the recent correction has made analysts cautious as to what will happen to Bitcoin’s price in the coming weeks. There is a price level, though, that if retaken, will convince a number of analysts that Bitcoin’s bull trend remains…