A Fed Rate Cut is Terrible Medicine for the Infected Stock Market

While the stock market craters, Fed funds futures markets now forecast a 96% chance of a Fed rate cut in March. Goldman Sachs expects three rate cuts from March through June. There’s also chatter about an emergency inter-meeting rate cut any day now. But other analysts say the Federal Reserve’s low interest rates and easy money policies are what got us into this mess to begin with. On Wednesday bond markets had priced in 75% odds of at least one Fed rate cut by June. A month earlier that figure…

5 Indicators to Watch When Timing the Bottom of the Stock Market Crash

The stock market crash could become a great buying opportunity for long-term investors. Things are likely to get worse before they get better, so it’s hard to time the bottom. There are five key indicators investors can watch to determine when to buy the dip. Warren Buffett said to be fearful when others are greedy and greedy when others are fearful, but after a week of losses on Wall Street, some say that advice doesn’t apply. “Don’t catch a falling knife” was a more popular refrain this week as analysts…

What Do the Richest Men in the World Think of Crypto and Blockchain?

For the past decade, blockchain, Bitcoin (BTC) and other cryptocurrencies have disrupted everything they have touched — including banking, hedge funds, law enforcement, health care and real estate to name a few. Blockchain technology and cryptocurrencies are set to revolutionize many industries, yet this is only the beginning. However, despite the overall enthusiasm and excitement around cryptocurrencies and blockchain technology’s capacity to revolutionize the world as we know it, many of the world’s richest men have expressed mixed opinions. For instance, some billionaires, like Warren Buffett, are known to be…

Why Do We Treat AOC & Greta Thunberg Like They’re Climate Scientists?

A recent survey found an alarming number of Americans trust Alexandria Ocasio-Cortez and Greta Thunberg about global warming. They also trust Bill Nye, Leonardo DiCaprio, and Pope Francis. But none of these people are scientists. And they’re spreading climate alarmism and mythology, not climate science. An eye-opening survey by Yale and George Mason University found that two-thirds of Americans trust Greta Thunberg as a source of information about global warming. Even though she’s famous for skipping class to do activism instead of learning science. More than half of Americans also…

Dubai Welcomes Global Businesses With First Blockchain KYC Platform

Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st. This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via an internal blockchain. Mashreq accomplishes this by removing the existing paper-based KYC procedure and replacing it with a blockchain-centric digital one. DIFC prepares each new KYC record as part of a company’s corporate license application. With the customer’s consent, this information is then shared electronically with Mashreq via the blockchain. The…

How ‘Price Gouging’ Face Masks Can Help Fight Coronavirus

Authorities are cracking down on sellers for “price gouging” as people panic-buy face masks. They’re also urging people not to panic-buy face masks as shortages threaten an effective coronavirus response. While companies appear guilty of “profiteering” from the crisis, raising prices could ration vital medical supplies. Authorities, governmental and otherwise, are cracking down on companies that raise prices on face masks. They’re accusing retailers of profiteering from the coronavirus crisis. In Singapore, the Ministry of Trade and Industry sent a letter to one retailer demanding an explanation for price hikes…

Hip-Hop May Never Recover From “That Way” by Lil Uzi Vert

Philadelphia rapper Lil Uzi Vert just released a cover of the Backstreet Boys “I Want It That Way.” While the song may enjoy commercial success, it could destroy music as we know it. We cannot allow this type of “art” to take over. Lil Uzi Vert took mainstream rap to a new low on Sunday. The Philadelphia rapper just released “That Way,” a shameless cover of the 1999 Backstreet Boys hit “I Want it That Way.” As mumble rap and gimmick songs continue to infect the art-form, Lil Uzi Vert…

Hodler’s Digest, Feb. 24–Mar. 1

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week A bruising week for cryptocurrencies, stock markets and even gold This week, it seemed like nowhere was safe from panic over the coronavirus. Almost $3.2 trillion in U.S. stocks has been wiped out U.S. since Monday — and over the past seven days, Bitcoin has…

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media outlet, The Telegraph. According to de Vries, a single Bitcoin transaction expends the same quantity of electricity needed to power a British household for 59 days, 780,650 Visa transactions, or 52,043 hours of video streaming on Youtube. The article asserts that the annual returns generated from Bitcoin mining are nearly $5.9 billion — with approximately 4 billion mining units competing for a share…

XRP Price and Volume Linked to Twitter Activity, New Data Reveals

XRP gains from the month of February were erased over the past two weeks as the altcoin returned to its late January price at $0.23 today. The majority of the losses appear to be caused by the massive correction in traditional markets, which caused a sharp downturn for Bitcoin and many altcoins. As reported by Cointelegraph, analysts now view the correction as a major setback, raising doubts about the future of the long-awaited bull market.  Cryptocurrency market daily overview. Source: Coin360 XRP is one of the most frequently mentioned cryptocurrencies…