Day: February 11, 2020

ConsenSys Project Launches ‘Proof-of-Use’ Network to Discourage Speculation

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A ConsenSys token platform launching its first token project Tuesday hopes to support ethereum projects while discouraging speculative investing and trading in their tokens. Activate – a decentralized token network that actively polices speculative token making – announced it was going live with SKALE, an ethereum scaling project, as its first partner. The project is also partnering with the NODE Foundation, a nonprofit focused on promoting the SKALE network. Activate is part of ConsenSys Codefi, an ethereum-based operating system for decentralized finance products.  Activate sets standards for the purchase, distribution…

ConsenSys Project Launches ‘Proof-of-Use’ Network to Discourage Speculation

boss

A ConsenSys token platform launching its first token project Tuesday hopes to support ethereum projects while discouraging speculative investing and trading in their tokens. Activate – a decentralized token network that actively polices speculative token making – announced it was going live with SKALE, an ethereum scaling project, as its first partner. The project is also partnering with the NODE Foundation, a nonprofit focused on promoting the SKALE network. Activate is part of ConsenSys Codefi, an ethereum-based operating system for decentralized finance products.  Activate sets standards for the purchase, distribution…

BitPay Launches In-Store Crypto Payments With New POS Partnership

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Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores. Through a new partnership announced Tuesday, the firm will be offering cryptocurrency payments at merchants’ point-of-sale (POS) terminals. The effort comes via BitPay’s new tie-up with open commerce platform Poynt, which the announcement says already has a network of POS devices online at over 100,000 retailers globally. “It’s a massive growth opportunity for BitPay,” said BitPay CEO and co-founder Stephen Pair, “and an important milestone in our now-nine-year mission to make payments faster, more secure and less expensive…

John Oliver Is Hopelessly Wrong About Prince Harry & Meghan Markle

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John Oliver appeared on The Late Show with Stephen Colbert, where he discussed the latest gossip about Meghan Markle and Prince Harry. Oliver mistakenly believes that Harry and Meghan were trapped in a “horrible situation.” His hot take misses the point entirely. Oh great, John Oliver is back in the headlines, talking about Meghan Markle and Prince Harry in that weird, awkward, and not very funny way that he does. His appearance on The Late Show with Stephen Colbert was yet another opportunity for Oliver to throw some jibes at…

Bitcoin SV Will Lose Its Winnings to Top Rival Before May: Analyst

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A dollar worth of Bitcoin SV (BSV) purchased at the beginning of 2020 now costs $266. But that has not deterred one analyst to predict a bearish scenario for the fifth-largest cryptocurrency. Alex Saunders, the founder of Australia-based crypto outlet Nugget News, said an outperforming BSV could soon give up all its gains to its top rival asset, Bitcoin, explaining that the cryptocurrency rose on the hype created around its much-publicized hard fork, dubbed as Genesis, as well as its upcoming halving in April 2020. The prominent analyst compared BSV’s…

Dell Among Founding Members of IOTA Working Group

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American computer giant Dell is among 15 companies joining an IOTA working group to explore how the firm’s “Tangle” technology can be integrated into commercial solutions. IOTA and Eclipse Foundation, the open-source software foundation, announced Tuesday the new Tangle EE working group will begin working on projects that can help develop viable commercial use-cases for IOTA’s technology. Tangle is IOTA’s scalable distributed ledger (DLT) network that, unlike blockchains, employs a system where users confirm transactions as they send new ones. A total of 15 companies have joined the working group…

Bitcoin Price Will Beat Dow Jones to 40,000, Tom Lee Predicts

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Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price? Famous trader Tom Lee makes yet another huge prediction regarding the Bitcoin price. This time, he claims that Bitcoin will reach 40,000 even before the Dow index does. Dow currently trades at 29,280. He thinks that, till August 2020, Bitcoin will cost at least 20,000, and then it will double the price.…

A Glimmer of Hope as Coronavirus Deaths Top 1,000

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The Wuhan coronavirus has grown to infect 43,119 people claiming over 1,000 lives. Mainland China is the epicenter of the crisis. With 43,119 confirmed cases and 1,018 deaths, the disease has a fatality rate of 2.3%. While the coronavirus death total is rising rapidly, there is a glimmer of hope. Recovery rates are also going up. Quarantined cruise ships of doom, terrifying online videos, and wild conspiracy theories. The Wuhan coronavirus crisis looks, on the surface, like a disaster rapidly slipping out of control. As the new disease’s death rate…

Tesla Acquisition by Google Rumor Is Desperate and Far-Fetched

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Forbes published an article that explains how Tesla will be acquired by Google for $1,500 per share. Wild speculation is common when an asset bubble is about to pop. We’ve seen this happen in bitcoin in 2017, gold in 2011 and the housing market in 2008. To say that Tesla (NASDAQ:TSLA) caught many investors by surprise would be an understatement. The stock is the best performing asset of the year. Tesla is so bullish that it left volatile bitcoin in the dust. TSLA is the best performing asset of the…