Day: February 27, 2020

Cybersecurity Company Kaspersky Debuts Blockchain-based Voting Machine

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Blockchain voting is gaining more traction in the United States despite the abysmal failure of mobile voting at the Iowa Democratic Caucus earlier this month. Companies on the forefront of blockchain technology realize the potential of the products they are developing to not only transform the global economy, but also the way voters cast their ballots. This week, Kaspersky Lab, a cybersecurity firm monitoring the cryptocurrency industry and emerging digital assets, did just that. The company unveiled a new type of a blockchain-based voting machine using Polys, the system released…

Atlanta Fed’s Q1 GDP Forecast Is Almost as Laughable as the Fed Itself

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The Atlanta Fed’s GDP Tracker is projecting annual growth of 2.7% in the first quarter despite the onset of coronavirus. If the forecast holds, it would mark the highest rate of expansion for the U.S. economy since Q1 2019. Fed prognosticators are notoriously bad at predicting the future. Their glaring coronavirus omission is laughable. The Bureau of Economic Analysis released its revised fourth-quarter GDP numbers Thursday. As expected, gross domestic product expanded at an annualized 2.1% pace between October and December. It’s too bad nobody actually cares about what happened…

Ripple (XRP) Above This Crucial Breakout Zone Could Spark Massive Rally

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Ripple started an upside correction from the $0.2220 support area against the US Dollar. XRP price is now testing $0.2450 and it must surpass $0.2500 for a fresh rally to $0.3000. Ripple price is currently recovering above the $0.2320 and $0.2400 levels against the US dollar. The price is now facing a couple of key resistances near $0.2450 and $0.2500. There is a major bearish trend line forming with resistance near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either start a…

Ethereum Recovers 8% But Here’s Why ETH Could Dive Again

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Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline. Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar. The price is still facing a lot of key hurdles near the $240 and $242 levels. Yesterday’s major bearish trend line is intact with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also recovering, but there…

Suicide? Obama-Era DHS Whistleblower’s Friends Say He Feared for His Life

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Friends of Philip Haney say he worried about his well-being following his first book. One friend said Haney discussed disappearing into a cabin in the woods. All say there was no way he would harm himself. Philip Haney’s death sent shock waves through the nation as Americans questioned whether his apparent suicide was another potential government cover-up. Haney exposed alleged corruption at the Department of Homeland Security (DHS) in a tell-all book, something friends say caused him to fear for his life. The DHS whistleblower was reportedly planning to release…

Readying the Blockchain Industry for the Next Wave of Adoption

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Who knows what’s responsible for the current bull run? It could be the upcoming halving, it could be the Chicago Mercantile Exchange’s debut of institutional-grade crypto-backed options, or it could even be the coronavirus. Whatever the reasons, it seems safe to say that the crypto winter is well and truly behind us. If this trend continues, it will only be a matter of time before we begin to see a fresh wave of adopters, eager to capitalize on the growth of crypto as it blooms into a new season. It’s…

The Battle Pass is a Crucial Breakthrough in Gaming, Here’s Why

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Temtem’s roadmap includes a battle pass for monetization. Some players are angry at its inclusion since Temtem is a buy-to-play game. The battle pass is the fairest form of in-game monetization out there. The new Pokemon-like MMO, Temtem, recently announced its development roadmap. Developer Crema will add creatures, cross-play, and a new island, among other things. It will also introduce a divisive battle pass by 2021. Seen in games like Fortnite or Apex Legends, a battle pass provides players with a list of unlockable cosmetics in exchange for a small…

Here’s Why This Is Not A Stock Market Dip You Want To Buy

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While the Dow Jones dropped 3,000 points in a week, some stock market analysts are still bullish. They say now’s the time to “Buy the dip!” But there’s another old saying on Wall Street. “Never catch a falling knife.” One trader warns buying this dip could get “very, very nasty.” Here’s why this is not the dip you want to buy. Months of stock market euphoria have given way to uncertainty and panic. After an exuberant ride up, the Dow is now back to where it was on Oct 26,…

Donald Trump Is Right to Downplay the Threat of the Coronavirus

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Donald Trump held a press conference on Wednesday addressing the coronavirus outbreak. Media outlets criticized the president for downplaying the threat of the virus. Recent reports show that the coronavirus is not as deadly as we might think. Donald Trump is facing backlash for downplaying the seriousness of the coronavirus. While many Americans trust their local pan-handler over the president, in this case, Trump might be right. None of us know the potential fallout of the coronavirus, but data shows us that even when infection occurs, the odds of it…

Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets

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Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a decline of 1,100 points (4.4%) and is down more than 10% for the week. The Nasdaq Composite also fell 4.6% to 8,566.48 and the S&P 500 endured a similar blow, dropping 4.4% to close at 2,987.76. According to market analysts,…