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We Are Anti-Elite, We Are Anti-Centralization
  1. Following weeks of breathless anticipation, Samsung has pushed back the release of its much-awaited Galaxy Fold. The delay comes after a series of embarrassing reviews, which have made it clear that the phone is every bit as fundamentally flawed as it looks. According to a statement from Samsung quoted in the Wall Street Journal, the April 26 release date has now been shelved so that the smartphone maker can deal with issues surrounding the Fold’s display. Samsung had already started

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  2. By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war. Were Bitmain and Bitcoin.com Acting Illegally During the Bitcoin Cash Hash War? The most exciting aspect

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  3. By CCN: U.S. equities still have some runway left for gains, and tech is leading the way. Facebook, Amazon, Netflix, and Google’s parent company Alphabet – otherwise known as FANG stocks – are the cat’s meow once again. After shunning the FANG stocks in Q4 2018, investors welcomed the tech leaders back with open arms in Q1 2019, bolstering the market caps of these companies and fueling gains in the S&P 500. Now it seems that the party in FANG stocks will continue throughout

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  4. By CCN: The shocking headlines just keep piling on for disgraced attorney and onetime anti-Trump messiah Michael Avenatti. Following his arrest for allegedly embezzling from Nike, evidence has emerged suggesting Avenatti’s white-collar thievery extends deeper into the sports world. Now, Avenatti – who toyed with running for president – stands accused of embezzling $1.5 million from Miami Heat star Hassan Whiteside. In 2017, the veteran center wired approximately $2.75 million in

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  5. By CCN: As Bitcoin looks to eke out the highest daily close since 2018, crypto market sentiment is getting more and more bullish. Recently, CCN noted that technical analyst Willy Woo believes that there’s only a 5% chance the Bitcoin price hits a new low during the current market cycle. In another blockbuster tweet, Woo compiled a list of prominent cryptocurrency influencer opinions on this issue. Headlined by Galaxy Digital’s Mike Novogratz, most see an exceptionally high

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  6. By CCN: Despite experiencing its first bearish pause early Monday, Zoom’s stock rebounded and continued the rally. The stock initially dipped 2.8% Monday after spiking more than 72% on Thursday in Zoom’s Nasdaq debut. It’s clear Zoom’s stock remains widely in demand, driven by a combination of unusual profitability and proximity to similarly high-profile tech IPOs such as Pinterest and Lyft. At least one Wall Street analyst, however, believes it’s only a matter

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  7. By CCN: Internet of Things (IoT) is a major buzzword, almost as prominent in the tech world as “blockchain” itself. It can mean different things to different people. Primarily, the Internet of Things describes a world of connected devices which serve various purposes, everything from building widgets in a factory to monitoring your refrigerator. IoTeX focuses on the first part more than the latter – they’ve realized there is a need for an industrial IoT-friendly blockchain with

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  8. By CCN: 2020 Democrat presidential hopeful Elizabeth Warren is at it again. Just a few weeks after flying the kite of slavery reparations in an effort to pander to African American voters, the Massachusetts senator has come out swinging. First, she called for the House to commence impeachment proceedings against President Trump. Now she’s proposed a student loan forgiveness plan that would wipe clean the student loan debts of more than 95% of 45 million Americans currently paying off

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  9. By CCN: Tesla stock continued its downward lurch, falling 3.5 percent on Monday. The Easter holiday gave investors no apparent good feelings toward the automotive stock, as it continues to suffer from chaotic boardroom intrigue. Elon Musk’s Antics Shaking Everyone’s Confidence Recently, Tesla investors sued the board of directors over their failure to rein in itinerant CEO Elon Musk, who has had continued run-ins with regulatory agencies. Musk has also had his security

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  10. By CCN: The Dow and broader U.S. stock market traded mixed on Monday, as disappointing housing data threw cold water on hopes that the real estate sector was finally turning a corner after last year’s slowdown. Dow Struggles; S&P 500 Finishes Slightly Higher After losing as much as 101 points, the Dow Jones Industrial Average pared losses to settle down 48.49 points, or 0.2%, at 26,511.05. The broad S&P 500 Index of large-cap stocks reversed losses to finish 0.1% higher at

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  11. By CCN: The world learned recently of Serena Ventures, a fund owned and operated by Serena Williams, which has invested in companies like Coinbase and Masterclass. The star tennis player didn’t mention bitcoin in her Instagram post, which revealed her company for the first time, but she did list companies that the firm has invested in. Investing in Crypto by Proxy Investing in Coinbase is essentially an investment in cryptocurrency. Coinbase’s primary function is to sell crypto to retail

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  12. By CCN: Here’s one outlandish way to maximize your return when shorting Tesla stock. First, enter a short position. Second, launch a venomous campaign against the Elon Musk-led EV giant on social media. Next, hit a Tesla employee with your car (wait what?). And when you finally realize that (allegedly) assaulting one employee won’t tank the company’s shares, threaten to sabotage the company’s autonomous vehicle trials. That’s one Tesla short-seller’s

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