Day: February 24, 2020

Caitlin Long on Coronavirus, Crypto Custody and Building a Bank

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A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space.  An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure.  A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a special purpose depository institution (SPDI) charter and already has eight…

Why This S&P 500 Stock Is Defying the Brutal Coronavirus Plunge

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Gilead Sciences stock was one of just a handful of S&P 500 companies in the green on Monday. Investors are hopeful that remdesivir could be a treatment for the coronavirus GILD’s bounce is just a taste of the upside it could experience if it develops an effective treatment. As most of the U.S. stock market flounders amid a massive global flight from risk assets, one stock briefly led the S&P 500 with an astonishing 3.4% rally. Gilead Sciences (NASDAQ: GILD) defied the coronavirus slump after the World Health Organization praised…

Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

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Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions, such…

JJ Watt’s CBA Tweet Proves He’s Lost Touch With the Average NFL Player

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After more than ten months of negotiations, the NFL Players Association and the league have agreed on a new collective bargaining agreement. Houston Texans defensive end JJ Watt tweeted that it was a “hard no” from him on the changes. Players like JJ Watt, who make hundreds of millions of dollars, aren’t seeing the big picture. JJ Watt wasted no time sharing his feelings on the proposed changes to the NFL’s new collective bargaining agreement. While this wouldn’t be Watt’s most shocking tweet ever, it could be his most harmful.…

Cyberpunk 2077 Will Be 2020’s Most Player-Friendly Release

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CD Projekt Red confirmed Cyberpunk 2077 as the first game to support the newly announced Xbox Series X Smart Delivery technology. Owners of an Xbox One copy of the game can play it on the Xbox Series X for free. Cyberpunk 2077 is fast becoming 2020’s most player-friendly game. Amid the excitement of Microsoft ending its months-long game of chicken with Sony and laying bare a chunk of new details about the Xbox Series X, CD Projekt Red shared some very welcome news about Cyberpunk 2077. Cyberpunk 2077 is the…

Warren Buffett Is Out of Touch & Should’ve Seen Bernie Sanders Coming

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Warren Buffett backed fellow billionaire Mike Bloomberg over Bernie Sanders for the Democratic nomination. One Wall Street giant supporting another is just one example of how out of touch Buffett is with real America. Ray Dalio warned Wall Street that Fed policy was creating social divisions more than five years ago. Warren Buffett’s financial life is flashing before his eyes as Wall Street executioner Bernie Sanders surges toward a victory at the Democratic National Convention in Milwaukee. The Berkshire Hathaway boss is pleading capitalism’s case and asking for more time.…

Warren Buffett Is Out of Touch & Should’ve Seen Bernie Sanders Coming

boss

Warren Buffett backed fellow billionaire Mike Bloomberg over Bernie Sanders for the Democratic nomination. One Wall Street giant supporting another is just one example of how out of touch Buffett is with real America. Ray Dalio warned Wall Street that Fed policy was creating social divisions more than five years ago. Warren Buffett’s financial life is flashing before his eyes as Wall Street executioner Bernie Sanders surges toward a victory at the Democratic National Convention in Milwaukee. The Berkshire Hathaway boss is pleading capitalism’s case and asking for more time.…

Big Pharma Urges FDA to Use Blockchain for Drug Tracking

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25 leading pharmaceutical manufacturers, distributors, logistic partners, and other representatives of the pharma supply chain have published a report arguing in favor of adopting blockchain technology to track and trace prescription drugs after completing a pilot program with the US Food and Drug Administration. During early 2019, the FDA began accepting proposals for projects seeking to assist the office meet the 2023 requirements of the Drug Supply Chain and Security Act (DSCSA) – which requires the pharmaceutical industry to track “legal changes in ownership of pharmaceuticals in the supply chain.”…

Polkadot Will Feature Layer Two Scaling Thanks to Celer Network

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Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies. The sidechain scaling solution is positioned to improve performance beyond what is possible with layer one scaling. As announced on Feb. 20, Celer Network and the Web3 Foundation have partnered to port Celer’s State Channel Network technology to Polkadot’s development environment. Cointelegraph interviewed Mo Dong, co-founder of Celer Network, to learn more about the planned integration. Layer Two Benefits Celer Network focuses on providing a blockchain-agnostic scaling solution…

Here’s Why It’s Time to Pay Attention

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On Sunday, analysts were starting to flip bullish on Bitcoin. The cryptocurrency, after plunging to $9,250 from $10,300 just days earlier (a drop of 10%), had mounted a recovery to $10,000, rallying higher after flatlining for a number of days. This reversal, analysts said, might be a precursor to the crypto market surging to fresh year-to-date highs. Though, true to the ever-volatile nature of BTC, the reversal quickly reversed; within minutes, Bitcoin fell from $10,000 to $9,700. then continued to trend as low as $9,500 just minutes ago as of…