Day: February 10, 2020

Even Donald Trump Knows the MLB’s Pete Rose Ban Is Stupid

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By almost any metric, Pete Rose is one of the most accomplished baseball players of all time. He’s banned from baseball for life due to accusations that he bet on games during his time as a player and manager. Donald Trump says that enough is enough; Pete Rose should be a Hall of Famer. He’s right! Pete Rose, the legendary Cincinnati Reds player and manager, has lodged yet another petition for reinstatement to baseball. His latest attempt for a pardon cites the current situation surrounding the Houston Astros cheating scandal,…

Netflix Naysayers Will Be Proven Wrong When the Stock Smashes Record Highs

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Netflix’s user base continues to grow despite the emergence of serious competitors. The streaming company is just starting to penetrate international markets. Analysts see NFLX stock popping to $400 and beyond. Many investors have shunned Netflix (NASDAQ:NFLX) as the on-demand video streaming space starts to become overcrowded. The emergence of Disney Plus and Apple TV Plus late last year spawned fears that the streaming giant would gradually lose out subscribers to its new competitors. The charts tell the story. The stock’s 7.9% uptick in 2019 is nowhere near the growth…

How Businesses Are Adapting to the Blockchain Revolution

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There are many reasons why people own cryptocurrencies. One is to store cryptocurrencies as value due to the limited supply of coins like Bitcoin. Some people store cryptocurrency for speculation — meaning they aim to make a profit when a coin’s value increases against the United States dollar or other coins.  One of the major reasons why people own Bitcoin is to be able to make daily transactions, from shopping in a grocery store to travelling around the world. But are businesses keeping up with the crypto revolution? Let’s take…

Hacked Italian Exchange Altsbit to Shut Down in May 2020

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Altsbit, a small cryptocurrency exchange that lost “almost all funds” in hack on Feb. 5, will shut down its services in May 2020. After Altsbit first reported on the hack on Twitter on Feb. 6, the exchange released withdrawal instructions on Feb. 9. According to the statement, the hack caused Altsbit to have lost 6.929 Bitcoin (BTC) and 23 Ether (ETH), among losses in other cryptocurrencies such as Pirate Chain (ARRR), VerusCoin (VRSC) and and Komodo (KMD). Users to be refunded from crypto in cold storage Despite a significant part…

Gold Beware as Bitcoin Halving Is Just 90 Days Away

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Bitcoin halving, gold and scarcity: as the milestone approaches, it will reduce Bitcoin’s block reward to 6,25 BTC per the block. Currently, the Bitcoin block reward equals 12,5 BTC. In approximately 91 days, the picture of what is happening inside mining companies will start changing. The date for changes is 7 May 2020. There’s several ways to count the days until Bitcoin halving, however. When calculating the date using average daily block time, the next halving date shifts to 86 days from now. You can use both methods via links…

Africa May be Spared from Coronavirus – No Thanks to its Leaders

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Africa isn’t ready for a massive coronavirus outbreak, but its largest airline is still running flights from hard-hit China. African healthcare systems and leadership are not developed enough for modern challenges. The continent’s hot and humid weather may protect it from the coronavirus more than its governments ever could. As the deadly Wuhan coronavirus spreads around the world, one continent is suspiciously absent from the statistics: Africa. It, along with South America, has recorded zero cases of the new disease despite its increasingly intimate links with China. Ethiopian Airlines, Africa’s…

Binance Coin Rises on the Day Bitcoin Fails to Sustain above $10K

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Even though the valuation of all the cryptocurrencies combined fell by circa $8 billion on Monday, Binance Coin (BNB) emerged as a winner. As of 1332 UTC, the ninth-largest crypto was trading at $24.81, up 1.68 percent into the day. It nevertheless did better against bitcoin, rising 5.17 percent to 0.0025 BTC as the latter corrected to lower $9,800s a day after breaking above $10,000. Elsewhere in the market, other altcoins – barring Tron’s TRX – noted a similar price drop. Binance Coin surged impressively against Bitcoin on an otherwise…

Litecoin Foundation Partners With Cred to Let Holders Earn Interest

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Litecoin Foundation is partnering with Cred to offer interest on Litecoin (LTC) collateral, a Feb. 10 press release announced. Cred customers can lock their coins with the provider to earn up to 10% annual percentage rate. Thanks to the strategic partnership, LTC holders will be able to lend their cryptocurrency at lucrative rates, similar to the various decentralized finance (DeFi) solutions on Ethereum. To benefit from the interest, a commitment of six months is required, with monthly interest payments in either fiat or cryptocurrency. Other Cred partners such as Bitcoin.com,…

Seed CX Expands European Presence With Euro-Crypto Order Books

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Seed CX is expanding its European services with the addition of eight order books for its spot-trading market. Seed Commodities Market, the Chicago-based firm’s spot market, announced Monday it has created euro trading pairs against bitcoin, ether, litecoin, bitcoin cash, Paxos dollar, TrueUSD, USDC and the U.S. dollar. It’s also expanding trading hours to 24/7.  The new order books were launched in response to demand from Seed’s European traders, said Brian Liston, president of the spot market division.  “We have a lot of traders who are in Europe and Asia…

Custody Provider Vo1t Partners With IBM to Offer Customers Secure Key Storage

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Cold storage custody provider Vo1t is offering clients secure data centers from IBM to hold and encrypt their private keys. The new option, which comes from IBM Hyper Protect, ensures clients’ keys are safe even if Vo1t’s data centers are compromised. The data center can be installed on the premises or accessed remotely from a client’s computer; the enclave keeps the data encrypted, regardless of whether it’s in transit or in memory. “Having this means our clients get to sign with their key in a separate transaction with IBM,” said…