Day: September 25, 2020

Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam

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Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate Crypto Scam After Multiple Complaints Forty-three people have filed complaints with the Delhi Police regarding a cryptocurrency investment scheme based out of Connaught Place, a financial hub in New Delhi, local news outlet Millennium Post reported this week. The Economic Offences Wing of the Delhi Police subsequently launched an investigation into Pluto Exchange and seven…

Britain Should Thank an Independent Meghan Markle & Prince Harry

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The most expensive royal trip of 2019-2020 has been revealed, and surprise! It was taken by Meghan Markle and Prince Harry. The Sussexes trip to Africa was expensive, but it proved more costly in other ways. Not happy to just do the job they’re handsomely paid to do, Meghan took the opportunity to begin the process of pushing her personal agenda. As fans of the royal family, we all know that they can rack up expenses during their duties to the country, but it comes as no surprise that the…

Flow Blockchain Combines DeFi And NFTs To Power Future Crypto Games

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Like the internet, blockchain has been pitched as the next revolution that will disrupt all major industries and change the face of technology forever. But problems pertaining to scaling, high transaction fees, and clunky developer tools prevent expedited mainstream adoption from happening. Most scaling solutions merely divert challenges back to developers or put decentralization itself at risk. However, one innovative blockchain that’s fast, secure, and developer-friendly is here. And it is ready to support the next generation of crypto games, dApps, and the digital tokens integral to these ecosystems. How…

Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank Report

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Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the precious metal may rise to a new yearly high, stating that the market is underplaying the asset’s ability to grow against the election’s uncertainty. Connecting Dots Bitcoin, which has erratically tailed the gold market since…

AMZN Stock Slightly Up, Amazon Unveils Series of New Hardware Devices

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Amazon’s latest devices include the all-new Echo, Echo Dot, Echo Dot with Clock, the eero 6 routers, home flying security cameras, the Ring security system for cars, an update to its Fire TV Stick, as well as some other new products. The shares of e-commerce giant Amazon.com Inc (NASDAQ: AMZN) added new gains on Thursday and in the pre-market today following the unveiling of a new set of hardware devices by the company. Amazon (AMZN) rolled out these devices in a series of successive announcements on its blog on Thursday…

Chainlink (LINK) Surges 15%—and Analysts Think There’s More to Come

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Chainlink (LINK) has embarked on a strong recovery over the past 24 hours after plunging over 50% from its all-time high set in August. The coin now trades up 15% in the past 24 hours, meaning it’s on the verge of reclaiming the $10 support level. LINK’s recovery comes as Bitcoin has undergone a strong bounce after dipping under $10,200 on Wednesday. BTC now trades at $10,700 as of this article’s writing, just around 5% above those lows. Analysts think that Chainlink has room to move higher after the surge.…

Decoupling? Bitcoin vs. gold ratio snaps out of 3-year bear market

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Bitcoin (BTC) may soon “decouple” from traditional assets, says statistician Willy Woo as a key gold relationship breaks out of a long-term downtrend. In a tweet on Sep. 25, Woo forecast that Bitcoin would act like a successful startup in accruing new interest and going its own way. Woo: Breakdown of Bitcoin macro correlation to hit “soon” Adoption, he argued, would follow a classic S-curve pattern, much in the same way that a startup grows. This would take precedence over investors looking for a hedge against other assets. “Bitcoin will…

Goldman Sachs Diffuses Fears of November S&P 500 Volatility Bomb

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Goldman Sachs strategists believe the markets might be overestimating the risks from the November presidential election. While some analysts anticipate massive volatility spikes after the election, Goldman said S&P 500 would be able to gauge the winner. The confluence of surging COVID-19 cases and the uncertainty around the election are causing market stagnation. Investors widely anticipate the volatility of the S&P 500 index to spike as the November presidential election approaches. Goldman Sachs strategists believe the market has priced in the risks, indicating a low probability of massive market movements.…

Visa Blockchain Payments Will Help Promote Bank CBDC Integration

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Popular payment service provider, Visa has discussed its ongoing strategy to broaden its use case for blockchain technology as it relates to payments and central bank digital currencies. Speaking in an interview with Forbes, two of Visa’s executives Cuy Sheffield, Senior Director, Head of Crypto at Visa, and Terry Angelos, Visa’s SVP global head of fintech both weighed in on the company’s strides to enhance its blockchain payment drive among clients as well as the firm’s plans to help banks seize the inherent opportunities in integrating CBDCs. Terry acknowledged that the…