Day: September 20, 2020

Monero: Deep Dive | Blockchain News

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Monero (XMR) was the first cryptocurrency of its kind to offer advancements in privacy and fungibility. The introduction of Bitcoin as a way of transacting discreetly led many people into a false sense of security regarding the anonymity of their transactions. As public blockchains are available to view by anyone with an internet connection, transactions on the Bitcoin blockchain contain data regarding the transaction amount, as well as both sender and receiver wallet addresses. This makes it easy to trace Bitcoin or Ethereum transactions using a blockchain scanner. In countries…

J. K. Rowling Didn’t Write Hogwarts Legacy but It Doesn’t Matter

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Hogwarts Legacy is an upcoming RPG set in the Harry Potter universe. Series creator J.K. Rowling has caused a lot of controversy with her transphobic comments on Twitter. Buying the game will support Rowling much more than the developers, so not wanting to buy the game is completely justified. Upcoming Harry Potter RPG Hogwarts Legacy finds itself mired in controversy, not because of the game itself, but because of series writer J. K. Rowling. Rowling recently made some transphobic comments on her Twitter account that has many fans upset. These…

Sony’s PS5 Masterplan is Still Lagging Behind Microsoft

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Sony wants in on the subscription-based future. The thing is, Microsoft is already leagues ahead. Can Sony catch up with the PlayStation 5? The future of gaming is digital. With the evolution of xCloud, GeForce Now, and subscription platforms like Microsoft’s GamePass, or PS Now from Sony, no one argues this. However, the wonder is just how soon that digital future is to be. Sony and Microsoft are just releasing their latest hardware, the chances of a significant follow-up box are slim. Sony vs. The Digital Future Each side is releasing…

Did Ethereum Learn Anything From the $55M DAO Attack?

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Up until it collapsed, The DAO represented the highest technological achievement – and the coming wave of innovation – that the Ethereum blockchain has enabled.  The smart contract and blockchain were interlinked ideas. In Vitalik Buterin’s early writings detailing the network of computers that would become Ethereum, the world’s second largest by blockchain by market cap but largest by developer activity, he put forward the idea of fully decentralized, autonomous corporations or organizations (or, DACs and DAOs).  The DAO, which got that name for being the first encoded version of…

What If Meghan Markle Got the Creative Support Kate Middleton Enjoys?

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Kate Middleton launched a photo project in conjunction with the UK National Portrait Gallery. The British public immediately ooh’ed and ahh’ed about this exhibit that was, to put it politely, nice enough…but pretty basic. So if the British public was okay with the Duchess of Cambridge’s foray into “artistry,” why weren’t they okay with the Duchess of Sussex’s foray into the same thing — especially when that’s her lifeblood? Kate Middleton fancies herself a bit of an artist. Earlier this week, the Duchess of Cambridge unveiled the winners of the…

Warren Buffett Must Not Repeat the Walt Disney Mistake With Snowflake

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Warren Buffett’s investment in Snowflake has so far netted a 100% gain. Although Snowflake has bright prospects, its pricey valuation could create the temptation to lock in gains. Though he has earned a reputation for long-term investing, Buffett’s 1966 investment in Walt Disney remains a stain on his career. One of the most famous pieces of advice offered by Warren Buffett is to only invest in what you know. This philosophy has tended to result in the Oracle of Omaha favoring asset-heavy firms and eschewing tech stocks. Additionally, Buffett’s Berkshire…

The emergence of cryptocurrency hedge funds

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I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, when there were mainly private investors or traders in the space, a massive inflow of professionals entering the market has begun with the emergence of crypto hedge funds. In fact, looking at data from 150…

You Will Not Believe What Dan Snyder Is Thinking of Doing Next

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Washington Football Team owner Dan Snyder has become infamous for making bad decisions for the team. He gave into intense pressure before the start of the season by dropping the ‘Redskins’ name. With an incredible opportunity (the name change) on the horizon, it looks like he may be making his worst decision yet. Dan Snyder has a net worth of $2.6 billion. He bought the Washington Football Team in 1999 for $800 million; the franchise, of which he owns a 65% stake, is now worth $3.4 billion. So, we know…

World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

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The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world’s largest sovereign wealth fund. According to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings. Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy. This puts the company’s portfolio in BTC at around $6.3 million. The Norwegian Government Pension…

Legendary Investors Are Bracing for High Inflation, and So Should You

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Legendary investor Warren Buffett and Bridgewater Associates founder Ray Dalio are hedging against inflation. More stimulus packages will add to the national debt; as the Federal Reserve steps in to monetize the debt by printing more money, inflation will rise rapidly. The time is ripe for retail investors to follow Buffett and Dalio’s lead and brace themselves for rapidly rising prices. Recently, Warren Buffett dumped U.S. banks and gained exposure to gold in the form of Barrick Gold. That was followed by overseas investments in Japanese companies with various businesses,…