Day: October 8, 2019

It’sTime for Investors to Get Picky as Jefferies Upgrade Microsoft Shares

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Jefferies changed the ratings right before the earnings season. Analysts expect Microsoft’s revenues to rise 11% on a year-over-year basis to $32.2 billion. The stocks of Microsoft Corp. rose 0.033% on Tuesday after Jefferies analyst Brent Thill said the next phrase: “It’s time for software investors to get picky.” Thill picked up the company’s coverage of the software sector at the beginning of the week with a swirl of rating and price target changes “to be more defensive in light of valuation and macroeconomic concerns.” In his research note, Thill says he…

It’sTime for Investors to Get Picky as Jefferies Upgrade Microsoft Shares

boss

The stocks of Microsoft Corp. rose 0.033% on Tuesday after Jefferies analyst Brent Thill said the next phrase: “It’s time for software investors to get picky.” Thill picked up the company’s coverage of the software sector at the beginning of the week with a swirl of rating and price target changes “to be more defensive in light of valuation and macroeconomic concerns.” In his research note, Thill says he remains positive on the software industry in general. But he highlights that there has to be “a more selective approach to stocks given…

Casa Releases New version of Its Bitcoin Full Node Casa Node 2

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New York-based crypto custody startup Casa has released Casa Node 2, a new iteration of the industry’s popular pre-synced Bitcoin (BTC) full node product. Original Casa Node did a great job, the firm says According to an Oct. 8 blog post, Casa Node 2 offers a faster and smoother Bitcoin and Lightning experience by deploying a faster processor on the Raspberry Pi 4 with 4GB RAM and a 1TB SSD. In the announcement, Casa stated that their original Casa node did a great job as a full Bitcoin and Lightning…

Preserving the Digital World Is Harder Than It Seems. This Company Claims to Have Made a Breakthrough

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The Seven Wonders of the Ancient World were a testament to mankind’s craft and ingenuity, creations so colossal that people would travel for thousands of miles to set eyes on them. Despite the decades spent painstakingly assembling them, today just one of those structures – the Great Pyramids of Giza – remains standing, a relic of a bygone age. If there is a lesson to be learned from the ignominious fate of the Seven Wonders, it may be this: given a long enough timeframe, everything degrades and disappears, from imposing…

We’re Close to Bitcoin ETF Approval, Says Optimistic Bitwise Executive

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Ahead of the SEC’s Bitcoin ETF deadline, Bitwise’s director is optimistic for a positive ruling. According to him, the market has grown significantly, making it stable enough to allay the SEC’s fears. The United States Securities and Exchange Commission (SEC) has been in an unofficial fight with the cryptocurrency sector in general. The Commission is generally regarded as unsupportive of the sector especially with its repeated disapproval and postponement of its decision to allow Bitcoin Exchange Traded Funds (Bitcoin ETF). However, an executive from Bitwise Asset Management seems to believe…

Major Coins See Mix of Red and Green as BTC Price Stays Above $8,000

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Tuesday, Oct. 8 — The top-20 digital currencies are reporting a mix of green and red after a tide of green earlier in the day, with Bitcoin (BTC) trying to keep above $8,000, according to data from Coin360. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has stayed above the $8,000 threshold during the day, during which its highest price point was $8,355 and the lowest was $8,157. At press time, the leading cryptocurrency is trading at around $8,205, having gained 0.58% on the day. Earlier today, Cointelegraph reported that Bitcoin…

5 Things to Know About Grams Wallet’s Terms of Use Before GRM Launch

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Cloud-based instant messaging service Telegram has released terms of use for its native cryptocurrency wallet Grams Wallet. On Oct. 8, Telegram published terms of service the Grams Wallet, the wallet designed for its native cryptocurrency Gram (GRM), noting that the rules apply whether as a standalone application or as incorporated into the Telegram Messenger application. 1. Taxes, regulation In the statement, Telegram emphasized that the Grams Wallet should not be used in jurisdictions where its services are prohibited by any applicable law, regulation or rule, including embargoes, sanctioned countries and…

Pursuing Copyright Decentralization in Bitfinex IEO

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Kim Dotcom, the controversial internet entrepreneur and founder of the now-defunct file storage platform Megaupload, is making a comeback in the digital content business. This time, instead of a platform that allows users to download copyright songs and television series, Dotcom plans to use blockchain technology to create a fair digital content distribution market called K.IM. According to K.IM’s white paper, the proposed project is pitched as a dynamic ecosystem that is “aimed to become the easiest and the most secure way to generate revenue with digital content.” The project…

Crypto Donations to Politicians Are Unregulated in Japan: Report

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Sanae Takaichi, the internal affairs and communications minister of Japan, has stated that cryptocurrency donations to individual politicians are not illegal in the country — unlike the ones made in cash or securities. According to Reuters’ report published on Oct. 8, Takaichi made that statement at a press conference which took place the same day. During the event, she reportedly said that cryptocurrency donations are not subject to disclosure under the country’s Political Funds Control Act. “No” to cash and securities, “yes” to crypto Per the report, Takaichi explained that…

Blockchain Network NuCypher Raises Over $10M From Bitmain, Y Combinator

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Blockchain platform NuCypher has closed a professional staking funding round of over $10.675 million led by capital market firm Polychain Capital. According to a blog post published by the company on Oct. 7, mining giant Bitmain, startup accelerator Y Combinator, blockchain development firm BitFury, Arrington XRP Capital, Notation Capital and many other companies were among the participants. It is also noted that they purchased 8% of the initial supply of NU tokens in total. Furthermore, the investors reportedly also agreed to stage-lock their tokens for two years, which the platform…