Day: February 20, 2020

The Democratic Debate Was Mike Bloomberg’s Instagram vs. Reality Moment

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Mike Bloomberg pays people to make him look cool on social media. But it seems no amount of money could have helped him look cool on Nevada’s Democratic debate stage last night. While Elizabeth Warren and Bernie Sanders took the former NYC mayor apart, analysts and celebrities praised the senators and panned Bloomberg. Mike Bloomberg must be desperate to look cool. His campaign is paying 500 “digital deputies” over a million dollars to post memes about him. They’re also required to text all their friends about Bloomberg once a week.…

Morgan Stanley Buys E*Trade in $13B Deal

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Investment bank Morgan Stanley is buying digital stock brokerage E*Trade for $13 billion. According to the Wall Street Journal, the consolidation will give Morgan Stanley an inroad with E*Trade’s 5.2 million retail investors in what will be Wall Street’s largest deal since the 2008 financial crisis. The bank is targeting this market, though Morgan Stanley’s current $2.7 trillion in assets under management dwarfs E*Trade’s mere $360 billion. Despite lagging in assets, E*Trade’s client base is far larger than Morgan Stanley’s three million. But it’s also a different share of the…

You Are the Product: A Three-Step Plan to Take Back Control of Personal Data

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Entrepreneur and investor Jennifer Zhu Scott is a council member of The Future of Blockchain Council at the World Economic Forum and holds a dual fellowship with the APAC Program and the Digital Society Initiative at Chatham House. She is also a consultant to the HBO show “Silicon Valley.” Let’s state a simple fact. Your traits and intimate personal information, such as your relationships, location histories, sexual orientation, genetic details and your children’s images have become business assets. But they are not yours. They are recorded in digital form and…

Oil Prices Are Now More Volatile Than Bitcoin

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For skeptics and traditional market investors, bitcoin (BTC) is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.  The West Texas Intermediate (WTI) oil price’s one-month realized, or historical, volatility stood at 105.3 percent on Feb. 10, after having hit a four-month high of 119.6 percent at the end of January. Meanwhile, bitcoin’s historical volatility recently dropped to 42.3 percent, the lowest level since September, according to Skew Markets.  Historical volatility measures how much prices have varied in the past and…

‘Digital Gold’ Label Shifts as XRP Correlation to Gold Outpaces Bitcoin

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Up until the most recent correction, Bitcoin (BTC) price was repeatedly pushing above $10,300 and attempting to reach a 2020 high above $9,500. 2020 started with a strong upward trend and altcoins followed Bitcoin’s price action, as thoroughly reported in Cointelegraph. This aggregate trend leaves the door open for a full bullish period ahead since the last Bitcoin high growth period was between April and June 2019. The volatile behavior observed since the start of the year may be causing the traditional assumptions associated with Bitcoin and other top currencies…

Bitcoin Could See an Intense Reversal if It Breaks Below this Critical Level

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Bitcoin has been caught within the throes of intense turbulence over the past day, with the cryptocurrency incurring a violent selloff yesterday that sent it reeling from $10,200 to lows of $9,200. In the time since this capitulatory drop, Bitcoin has been able to climb higher, and its early-morning volatility seems to suggest that bulls and bears are currently engaged in an intense battle for control over the cryptocurrency. In the near-term, one top trader is noting that BTC is currently hovering around the lower boundary of a multi-month ascending…

The Dow Suddenly Crashed 400 Points & Nobody Knows Why

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The Dow Jones Industrial Average suddenly crashed 400 points off its session high. Analysts and traders are baffled by the sharp move lower. Tech stocks suffered the brunt of the damage. A quiet day for the Dow Jones Industrial Average (DJIA) turned into a near-bloodbath on Thursday as the U.S. stock market pivoted sharply lower. Dow Crashes 400 Points in Minutes After opening to slight losses, the Dow quietly crept into positive territory before rapidly plunging shortly after 10:45 am ET. Over the next 45 minutes, the index dove more…

$100K in Early Prizes Looks to Lure the NFT-Curious to Decentraland

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Decentraland opened for gameplay on Thursday and anyone who thinks they might like it is better off playing now rather than later, because free stuff. For regular gamers, Decentraland may be a new kind of experience, what they call a “metaverse” where different game properties can meet in a shared virtual world. There’s a potential that it could evolve into a new platform for games and social experiences. And since it’s on the ethereum blockchain, the “stuff” in that world is transferable (and sellable) beyond it. Either way, there’s an…

Credits Blockchain Platform Combines Decentralized Solutions With Cloud Through Oracle for Startups Program

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The Oracle for Startups Program has recently been bolstered by the addition of the Credits decentralized infrastructure platform. The combination of decentralized solutions offered by the Credits infrastructure platform with the cloud services of Oracle Cloud is a tremendous step for the development of the Credits project. The cloud solutions offered by Oracle Cloud can be combined with the blockchain network of the Credits platform to offer new opportunities for decentralization to a greater number of businesses seeking to optimize their operations. The Oracle for Startups program was initiated to…