Day: February 20, 2020

Joe Burrow’s Bengals Threats May Be Moment of Truth for NFL Draft

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Former LSU quarterback Joe Burrow is the favorite to go first in the 2020 NFL draft to the Cincinnati Bengals. Despite being an Ohio native, Burrow has been evasive about joining the Bengals. He claims he has “leverage” in where he winds up playing. If Burrow pulls an “Eli Manning,” it could mark the beginning of the end for the NFL draft. Former LSU quarterback Joe Burrow is looking forward to an exciting few months ahead. He’s the favorite to go number one in the 2020 NFL draft. Source: Twitter…

CME Futures Participants Aiding Bitcoin (BTC) Price Action

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Institutional speculators and high net worth individuals on CME have been active in the Bitcoin futures market since the start of the year. Nearing $350 million of open interest and $1 billion of volume, CME has become an important aspect of the Bitcoin market, February 20, 2020. Outlook from Bitcoin Derivatives Bitcoin futures across trading avenues have open interest worth $5 billion. As per Skew data, leading retail platforms for Bitcoin derivatives are OKEx and BitMEX. Retail inclusion in crypto markets is nothing new, as unlike traditional financial markets, retail…

Will Syscoin’s Bridge Be the Scalability Solution Ethereum Developers Are Looking For?

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Earlier this month, several of Ethereum’s core developers, including Vitalik Buterin himself, participated in an AMA on Reddit. Apparently, after five years of discussion, delays, and disappointment, the hotly anticipated ETH 2.0 upgrade could finally land as soon as July. But don’t get too excited just yet. Developer Justin Drake was apparently “95% confident” that it would land this year. At least, phase 0 will (hopefully) land this year, with two more phases to follow after that. Meaning, the full implementation of ETH 2.0 could still be quite a few…

Never Mind Hodlers, Crypto Needs More Opportunist Investors

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Jeff Dorman, a CoinDesk columnist, is Chief Investment Officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms such as Merrill Lynch and Citadel Securities. Carl Icahn is famous for moving in and out of asset classes. This is quite different than how most asset managers and professional investors invest, who are generally locked into an asset class based on specific mandate, and are therefore forced to try to…

KuCoin Announces One-stop Exchange Solution KuCloud

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KuCoin, an IDG-backed global crypto exchange has announced the launch of its latest product KuCloud— the one-stop cryptocurrency trading platform. It is an advanced white-label solution with world-class, secure, scalable and high-liquidity infrastructure technology for crypto spot and futures exchanges. The new KuCloud currently offers two products under its banner viz., XCoin and XMEX, while delivering key functionalities of the KuCoin Spot platform and KuMEX Futures platform. The functionalities of the platform also include the company’s standard world-class architecture, risk-management system, high market depth & liquidity, all-around customer support and…

Lakers Fans Won’t Like It, but Kawhi Leonard Is Better Than LeBron James

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LeBron James has been the dominating force in the NBA for over a decade, with few pretenders to his throne. Eight straight NBA Finals appearances and three NBA Championships tell their own story. However, the time has come for him to move aside. A new king is crowned in Kawhi Leonard. Hey, how’s it going angry Lakers fans? Nice to see you. You’re here to defend LeBron James’ honor, right? I know you owe me nothing, but please, at least hear me out before you start crying. Okay? First off,…

Italian Soccer Giant Juventus Inks Deal for Ethereum-Based Player Collectibles

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Top Italian soccer team Juventus is launching digital collectibles of its star players on blockchain-enabled fantasy football platform Sorare. The freshly inked licensing deal, announced on Wednesday, will see Juventus offer digitally rare collectible “cards” of world-famous players such as Cristiano Ronaldo on Sorare. Sorare, which is based in Paris, France, provides a soccer team management game with digital cards – created with ethereum tech – representing players that fans can collect and trade. The firm told CoinDesk the cards represent non-fungible tokens (NFTs) based on ethereum’s ERC-721 standard. “We…

Paxos, Credit Suisse Claim First Blockchain-Based Settlement of US Equities

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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities.  Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on Paxos’ own private version of ethereum. Last year, Paxos Trust Company announced the pilot, involving Credit Suisse and Société Générale, would be given the green light from the U.S. Securities and Exchange Commission (SEC) in the form of a…

Trump’s Bitter Twitter Blast Proves Bloomberg Actually Won the Democratic Debate

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Mike Bloomberg struggled to defend himself in the democratic debate. When the rest of the candidates attacked Bloomberg, it proved he’s become a real threat. Donald Trump’s nervous tweet about Bloomberg following the debate shows that he sees him as a threat. Wednesday was a tough night for Mike Bloomberg as he took the stage for his first-ever Presidential debate. His opponents, Elizabeth Warren, Bernie Sanders, Pete Buttigieg, Amy Klobuchar and Joe Biden had a rare bonding moment that night as they joined forces to pile on Mr. Bloomberg. He…