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Jeff Daniels Skips Dumb, Heads Straight to Dumber in Anti-Trump Rant

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By CCN: Just when you think Hollywood folks will come to terms with the fact they aren’t exactly beacons of intelligence, another has-been jumps up and takes the baton. The latest runner is actor Jeff Daniels, whose unhinged rant about President Trump saw him skip Dumb and head straight to Dumber.

In a spiel that appealed primarily to those whose hatred of fellow human beings outweighs their critical thinking skills, Daniels opined that Trump’s reelection would spell the “end of democracy.”

When Dumb Meets Dumber, Hollywood Style

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He’s doing this under the guise of promoting the theatrical adaptation of “To Kill A Mockingbird.” He plays Atticus Finch, the white attorney who defended a black man accused of raping a white woman in 1930s Alabama.

Decades prior (and again in 2014) Daniels played the fool in “Dumb and Dumber,” alongside Jim Carrey. Both actors seem to have slipped back into these titular roles in the two years since Trump took his oath of office.

Carrey took out his Trump frustrations by painting disturbing anti-GOP cartoons.

Daniels, in turn, used a cherished literary classic as a platform to stoke political and racial divisions. His absurdity in prancing around on liberal TV shows for self-promotion would be laughable had he not shredded a literary masterpiece in the process.

Instead of promoting the classic for addressing vital moral issues, Daniels used it to attack based on his own ignorance, bigotry, hate, and lack of morals.

Jeff Daniels’ Anti-Trump Rant is Just Plain Sad

jim carrey jeff daniels dumb and dumber

“Dumb and Dumber” stars Jim Carrey and Jeff Daniels seem to have slipped back into these titular roles in the two years since Trump took his oath of office. | Source: Shutterstock

He called Atticus Finch an apologist and an enabler. That’s quite a take from the novel in which Finch has been called a hero by generations of people who read it.

A climax in the novel is when a mob hell-bent on killing the accused rapist, Tom Robinson, nearly stormed the jail where he was being held.

Here’s Daniels’ takeaway:

“That’s what I see at Trump’s rallies, the lies spewing at these people, and people going, ‘I’ve got to believe in something. He said he’d bring my manufacturing job back, she didn’t, and I’m all in.’”

Either Daniels didn’t read the novel, or he knows his applauders haven’t

‘Dumb and Dumber’ Stars Will Still Be Crying in 2020

In the classic racecard play, Daniels pounced on Republicans, likening them to the KKK. Only a pure fool would make such a connection, given that a sitting Democratic governor got off scot-free after prancing around in blackface!

But for Daniels and his ilk, the only racists are in the Republican Party. He railed:

“This is about the Republican Party—or a wing of it.”

Was he taking a page from Hillary Clinton’s “deplorables” book?

He goes on to say Republicans saw Trump’s election as their last chance to save the party. Atop his soapbox, he mocked and mimicked Republicans:

“This is our last chance to save the party. And if we don’t, it’s the end of the Republican Party. And he did, and they did. That was the only card they had left to play and they played it, and they aren’t going to go quietly.”

Seriously? Who thinks like this? Crazies!

The race card is all Democrats have left. They are obsessed with fearmongering, constantly saying “them, they, and the white man bad.” They amplify this foolishness by pretending that the Democratic party is a minority voter messiah.

Ha! Daniels and his Trump-deranged colleagues are the reasons Hollywood liberals will be crying again come November 3, 2020.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

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MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – June 24

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IOTAs-Tangle-powered-Apps-Release-New-Geo-Tagging-Area-Codes-Feature-to-Localize-All-Transactions

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  • On the upside, if the bulls break the upper price range, IOTA market will reach the highs of either $0.55000 or $0.60000 price level.
  • The crypto’s price was fluctuating between the levels of $0.40 and $0.50.

IOTA/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.50, $0.55, $0.60
  • Support Levels: $0.45, $0.35, $0.30

Last week the price of IOTA was in a sideways trend. The 12-day EMA and the 26-day EMA were sloping horizontally. The crypto’s price was fluctuating between the levels of $0.40 and $0.50. On June 22, the IOTA market was resisted as the bulls tested the $0.5000 upper price range.The crypto’s price fell to the support of the 12-day EMA and commenced a range bound move above the EMAs.

Presently, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the upside, if the bulls break the upper price range, IOTA market will reach the highs of either $0.55000 or $0.60000 price level. On the other hand, if the bulls fail to break the upper price range, the crypto’s price will continue its range bound move. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.

IOTA/USD Short-term Trend: Bullish

On the 1-hour chart, the price of IOTA is in a bullish trend zone. On June 21, the crypto’s price was making a series of higher highs and higher lows. However, IOTA market was resisted at the $0.4800 price level but the price fell and found support at the low of $0.4400.

The bulls made an upward move to retest the $0.4800 price level. Nevertheless, the IOTA price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin on Track for Best Second Quarter Price Gain on Record

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  • Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup.
  • While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion on the daily, 3-day or weekly charts. As a result, the outlook remains bullish with resistances lined up at $11,247 and $11,394, according to Bitstamp data.
  • A minor pullback to $10,000 could be seen if the price again fails to hold onto gains above $11,000, validating a more bearish setup on the 4-hour chart.
  • The bullish outlook would be invalidated if the price finds acceptance below $9,097 (May 30 high).

Bitcoin (BTC) appears to be powering to the best second quarter price gain on record and the best quarterly performance overall since late 2017.

At press time, the 165 percent gain on the April 1 opening price of $4,092 is the biggest percentage rise observed in May to June to date, going by Bitstamp data.

Further, bitcoin’s triple-digit gain so far for Q2 is the best quarterly rise overall since the fourth quarter of 2017. Over that period, the cryptocurrency rose 230 percent, propelling prices to a lifetime high of $20,000 in December.

Monthly chart

  • Bitcoin has rallied 165 percent so far this quarter, surpassing the previous second quarter record gain of 130 percent seen in 2017.
  • Prices jumped a meager 10.9 percent in the first quarter this year.
  • The 626 percent rise seen in the first three months of 2013 is bitcoin’s biggest quarterly gain to date.

With the 165 percent price rise, BTC seems to have left the bear market far behind. In fact, the bearish-to-bullish trend change was confirmed on April 2, when prices rallied $1,000 to levels above $5,000.

The cryptocurrency then rose above $8,000 in the run-up to New York Blockchain Week held from May 10 to May 18 and remained bid after the event to hit highs near $9,100 on May 30.

The two-month double-digit winning streak has now extended into June, with prices briefly hitting 15-month highs above $11,000 over the weekend. The recent leg higher from $7,500 to $10,000 could be associated with Facebook’s foray into cryptocurrencies.

Observers believe that Facebook’s Libra project will not only boost the adoption of cryptocurrencies, but will also strengthen bitcoin’s appeal as an anti-establishment asset.

Further, the leading cryptocurrency by market value is set to undergo a mining reward halving in May next year. Therefore, the long-term price prospects look bright.

In the short run, however, a repeated failure to hold onto gains above $11,000 could yield a correction. As of writing, BTC is changing hands at $10,880, representing 2.4 percent gains on the day.

Weekly, 3-day and daily charts

The RSIs on the weekly, 3-day and daily charts are reporting overbought conditions with above-70 readings.

So far, however, prices aren’t showing any signs of bullish exhaustion. The bullish structure of higher lows and higher highs is intact and the 5-and 10-candle moving averages (MA) on all three charts continue to trend north.

The overbought readings on the RSIs would gain credence only if signs of bull exhaustion emerge in the form of candlestick patterns such as doji, bearish engulfing, hanging man, etc.

The bullish outlook would be invalidated only if and when prices drop below $9,097 (May 30 high), invalidating the bullish higher lows and higher highs pattern.

On the higher side, resistance is seen at $11,247 (Sunday’s high) and $11,394 (50 percent Fibonacci retracement of the bear market drop).

4-hour chart

BTC has failed twice over the weekend to hold onto gains above $10,000 with the RSI charting lower highs (bearish divergence).

That RSI pattern would gain credence if the cryptocurrency again fades a break above $10,000, leading to a drop toward $10,000 – the support of the ascending trendline.

BTC was expected to put on a good show in the three months to June 30 this year, as a number of technical indicators had turned bullish in February and March.

Disclosure: The author holds no cryptocurrency at the time of writing

Bitcoin image via CoinDesk archives; charts by TradingView

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Google Searches for ‘Bitcoin’ Starting to Catch Up With $10K Euphoria

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Data from Google Trends’ search analytics resource indicates that internet googling of ‘bitcoin’ (BTC) is approaching a monthly high as of today, June 24.

According to the data, searches for bitcoin are continuing their ascent in the week after the unveiling of Facebook’s new cryptocurrency and blockchain-powered financial infrastructure project, Libra, even as searches for Libra itself have tapered off since June 18 — the date the white paper for the forthcoming token was published.

Google trends data for search terms ‘bitcoin’ vs. ‘libra.’ As of June 24 2019

As Cointelegraph noted yesterday, from a wider perspective, the number of Google searches for “bitcoin” remain only around 10% of what they were in 2017 — the year of the top coin’s historic bull run, which peaked at $20,000 in December of that year.

The resurgent public interest is seemingly correlated with the renewed bull market, with bitcoin is currently trading at $10,881, up almost 35% on the month, according to coin360 data.

By country, the top five nations currently googling bitcoin are Nigeria, South Africa, Austria, Switzerland and Ghana — as compared with Uruguay, Dominican Republic, Nicaragua, Albania and Panama for Libra.

As Cointelegraph noted yesterday, the fact that Google trends data for bitcoin remains well below its former peak apparently suggests that retail FOMO has not yet become a major driver of the coin’s renewed price momentum. Instead, several parameters indicate that institutional demand for bitcoin is increasing in lockstep, and that network fundamentals are hitting all-time-highs.

While high-profile industry figures such as Ethereum co-founder Joe Lubin have critiqued Libra over its lack of decentralization, researchers at top crypto exchange Binance, have proposed that the social media giant’s token could spark additional volume in the cryptocurrency space.

At press time, BTC/USD is consolidating under the $11,000 mark — up over 3% over the past 24 hours, according to Cointelegraph’s bitcoin price index.

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CryptoBridge DEX app launches new mobile-friendly user interface

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The team of CryptoBridge, a decentralized crypto trading gateway, has successfully launched a new mobile-friendly user interface (UI) for users. Now, users will be able to access the trading platform from any device, while taking advantage of more advanced features.

What is new?

The interface itself is cleaner, more modern and overall more attractive, combined with simpler use of functions such as trading, deposits, and withdrawals. Alongside the “Buy” and “Sell” button, now there is quick access deposit function, in case users run out of assets to complete their desired trade.

At CryptoBridge there are few options for diversified income which are now all accessible directly in the UI itself, under the “Earn” tab. Important information regarding the referral program, BridgeCoin staking, and Trading Competitions, are one click away without the need to leave the trading platform.

Further, to help users understand the full functionalities of the new trading interface there is an icon in the lower right corner where they can quickly access guidance through the currently opened page.

cryptobridgenewui
The CryptoBridge team notes that if coming across any bugs or issues with client functionalities, there is a “Report” button that will open a ticket so developers can check and fix the issue.

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BIS Wants ‘Level Playing Field’ for Banks Amid Threat From Firms Like Facebook

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The Bank for International Settlements (BIS), often described as the bank for central banks, has issued its annual report for 2019, expressing concerns over the expected disruption as big tech firms like Facebook enter the financial space.

While titled “Big tech in finance: opportunities and risks,” the report looks at the risks and challenges posed by companies such as Alibaba, Amazon, Facebook, Google and Tencent, and rather pays lip service to the potential benefits of this building fintech revolution.

These firms have developed huge customer bases, says BIS, and have the benefit of a “data-network-activities loop” which gives them ” the potential to become dominant.”

While the encroach of such companies into payments, money management, insurance and lending has only just started, it brings the potential for major change in the finance industry.

On the benefits, BIS writes:

“Big techs’ low-cost structure business can easily be scaled up to provide basic financial services, especially in places where a large part of the population remains unbanked. Using big data and analysis of the network structure in their established platforms, big techs can assess the riskiness of borrowers, reducing the need for collateral to assure repayment. As such, big techs stand to enhance the efficiency of financial services provision, promote financial inclusion and allow associated gains in economic activity.”

However, such change brings new risks, according to the report. As well as the old issues of financial stability and consumer protection, “big techs have the potential to loom large very quickly as systemically relevant financial institutions.” At this point, BIS specifically raises the recent reports of Facebook’s new Libra project, which sees the social media giant “considering offering payment services for their customers on a global basis.”

There are also “important new and unfamiliar challenges” that, BIS suggests, go beyond the remit of current regulations. The report says that “Big techs have the potential to become dominant through the advantages afforded by the data-network-activities loop, raising competition and data privacy issues.”

As such, policies will be needed for a “comprehensive approach” on financial regulation, competition policy and data privacy regulation.

“The aim should be to respond to big techs’ entry into financial services so as to benefit from the gains while limiting the risks. As the operations of big techs straddle regulatory perimeters and geographical borders, coordination among authorities – national and international – is crucial,” according to the report.

In a somewhat telling statement, BIS further reveals its fears that banks could lose ground to the new big tech disruptors saying:

“Regulators need to ensure a level playing field between big techs and banks, taking into account big techs’ wide customer base, access to information and broad-ranging business models.”

And with such major companies having the ability to work across borders, international coordination is needed on rules and standards to address the potential shift in the “risk-benefit balance,” says BIS.

As the report suggests, Facebook’s crypto project may not have an easy time with the world’s regulators as the firm seeks to launch financial services for its billions of users.

France has already moved to create a task force within the G7 nations to examine the issues raised by Libra, while U.S. lawmakers have also expressed concerns over the project.

BIS headquarters image via Shutterstock

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