Tag: Op-ed

John McAfee Trolls Winklevii on Bitcoin, Says Cameron Is ‘True Power’

By CCN Markets: You might think that Tyler Winklevoss has gotten ahead of himself by predicting the bitcoin price could cross $15,000 if it surpasses the $10,000 level. That is unless your name is John McAfee, in which case that forecast is absurdly low. McAfee is doubling down on his bullish price prediction, saying that BTC $100,000 will open the floodgates for the cryptocurrency to power higher to $1 million. Unfortunately for the Winklevii, that wasn’t the end of the trolling. McAfee took it a step further by tweeting an image of “Bitcoin Billionaires” with a personal message from the

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Facebook Contractor: “It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives

By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy conditions at workstations and bathrooms, bedbug infestation, sexual harassment, verbal and physical altercations, frequent marijuana

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Have We Reached Peak Binance?

By CCN Markets: Ah, Binance. Many of us remember the original idea. Plenty of us decided to pass on the ICO, which has provided some of the highest returns of any investment in recent times. ICO To King of Crypto There were plenty of good reasons to pass on the ICO. The only stated purpose of the token at the time was that it would give you a discount on trading. There was no reason to believe that Binance would suddenly become a massive destination for traders. Fast-forward a couple of years, and Binance is many things. Binance is a

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Uber’s “Crypto” Libra Support Could Be The End of The Giant

By CCN Markets: There’s a lot of irony in Uber’s lack of crypto acceptance contrasted with its support of Facebook’s Libra project. The company will play a vital role in the early stages of the network, and presumably, it will be one of many vendors who accept the “crypto” out of the gate. Several companies have already agreed to accept the Libra. The Libra can be used in a myriad of ways, from sending money to loved ones to paying overseas contractors. What will be interesting to see is whether a vibrant network of Libra-to-cash methods emerges. Will we have ATMs

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Maxine Waters Looks to Stall Facebook on Libra, Zuck Wins Regardless

By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users. The cryptocurrency market currently lacks

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Chinese Tech Moguls Cite Regulation as Chief Crypto Concern

By CCN Markets: The China Ledger quoted Pony Ma (Ma Huateng) as saying that blockchain technology is mature, but regulation needs to allow for it. Binance CEO Changepeng Zhao took the opportunity to expand on the idea including the government’s role in crypto. https://t.co/HbpH9KGj2I — CZ Binance (@cz_binance) June 19, 2019 Tech Giants Should Be Encouraged to Build on Blockchain Zhao believes that governments should encourage their tech giants to build crypto tokens and that blockchain should be embraced. Countries should encourage their tech giants to issue their own #crypto token (hopefully on #BinanceChain, I know, shameless). Libra will increase

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100% Cardano Price Spike Awaits After TestNet Release, Predicts Analyst

By CCN Markets: Cardano is up by over 105 percent year-to-date as it trades at $0.0903 as of this writing. The cryptocurrency is known to some as the “Ethereum Killer”. It may have already made big gains this year but it appears to just be warming up. We are not alone in this sentiment. A pseudonymous Twitter account that goes by the name of Beastlorion believes that Cardano is gearing up for a face-melting pump in the next few weeks. The climb comes after the much-anticipated release of the crypto token’s testnet. The analyst expects to see Cardano make a 117.72%

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Disney’s Fox Purchase is a Terrible Deal for Hollywood

By CCN Markets: The Walt Disney Company’s merger with 21st Century Fox was hailed in the entertainment industry as a great deal for both companies. There’s a lot of truth to that, particularly for Disney, as far as revenue is concerned. Disney obtained the rights to numerous franchises under the Fox banner, including Avatar, Men In Black, Alien, Die Hard, Home Alone, Maze Runner, Night at the Museum, Planet of the Apes, and X-Men. This, however, has not been such a good thing from the standpoint of creativity, originality, or economics for Disney or Hollywood. Welcome to the Disney Oligopoly With the

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Bitcoin Logic: The Tactics Of Faketoshi Exposed by Craig Wright Himself

By CCN Markets: Self-professed Bitcoin creator and ‘Faketoshi’, Craig Wright, continued to give himself away in a blog post where he details the logic of false argumentation. Specifically, Wright takes aim at those who would seek to hide behind ad hominem attacks, and use misdirection to avoid the question at hand. That question, according to Wright, is the scaling of Bitcoin, which he states in between bouts of launching ad hominem attacks on everyone from Julian Assange, to Binance, to John McAfee. Here we have the manifestation of Wright’s logic in action. The real question is why he persists in

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Facebook’s Crypto Libra & Corporate Blockchains: Existential Threats to Bitcoin?

By CCN Markets: When we think of Facebook entering the crypto space with Libra, we need to consider it holistically. There’s a lot more going on here than some social networking giant splashing around in the crypto space. There’s something much more significant we should think about: the litigation that comes along with major companies. Libra liabilities: Intellectual Property and Courtrooms To date, we’ve largely ignored this reality, but the truth is that Facebook and others entering the space brings its own set of challenges. For starters, there will be lawsuits. Somehow, someway, these companies will find themselves in court

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