Day: July 23, 2020

Slack Slams Anti-Trust Complaint against Microsoft

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Slack has hit Microsoft with an anti-trust complaint. This happened after Microsoft integrated Teams within Office. Microsoft Corporation (NASDAQ: MSFT) has been slammed with a complaint by workspace firm Slack Technologies Inc (NYSE: WORK). The complaint was filed with the European Union. It alleges that the Microsoft Teams collaboration product unfairly integrated with Office. Taking into consideration that Slack has a purely collaborative platform, the company has alleged that Microsoft isn’t playing fair. Microsoft (MSFT) Teams is also in competition with Google‘s Meet, Zoom Video Communications Inc (NASDAQ: ZM), Facebook…

Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams

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Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes.  Recently, a new bout of scammers has emerged with even more sophisticated and aggressive tactics. As evident through most reports, the scammers are taking advantage of popular social media platforms like YouTube and Twitter to capture their victims. For instance, on July 13…

First Mover: Ethereum a Victim of Its Own Success as Fees Soar, Vitalik Complains

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Rising congestion on the Ethereum blockchain has driven up transaction fees tenfold this year to the highest since early 2018. That’s pressuring the network’s developers to speed up crucial upgrades, while possibly creating an opening for competitors to lure away project developers. It’s a lucky problem to have, since the congestion shows just how popular Ethereum has become as an ecosystem within the cryptocurrency realm. You’re reading First Mover, CryptoX’s daily markets newsletter. Assembled by the CryptoX Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto…

AMZN Stock Up 0.2%, Amazon Starts Selling Auto Insurance in India

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In partnership with Acko General Insurance, Amazon has decided to start selling auto insurance in India. AMZN stock went up in the pre-market today. The Indian outlet of Amazon.com Inc (NASDAQ: AMZN) has announced it started selling auto insurance in the populous Asian country. Auto insurance is available to cover both two and four-wheelers in the country. The debut of the e-commerce giant into insurance became achievable with the partnership with India’s renowned Acko General Insurance, the firm Amazon has a stake in. As the company’s first dive into the…

Ethereum Active Addresses Rise Twofold as Price Breaks $250; What’s Next?

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The number of active Ethereum addresses rose by 100 percent in 2020, according to data fetched by Messari. The volume picked momentum on signs of growth within the decentralized finance sector (DeFi). Meanwhile, the ETH/USD exchange rate also grew higher, breaking above $250 for the first time since February 2020. Ethereum addresses that either send or receive the token daily rose twofold in 2020, data on Messari revealed. These active ETH wallets topped at around 573,000 last week, a level last seen during the notorious initial coin offering craze. Only…

Chainalysis Widens Access to Its Blockchain and Crypto Certification Program

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New York-based blockchain analytics firm Chainalysis is extending access to its certification program in crypto fundamentals to the wider professional community. Announced on July 23, the company said that its Chainalysis Cryptocurrency Fundamentals Certification (CCFC) would from now on be open to professionals in the financial services sector, government employees and the wider enterprise community.  Previously, the course had been limited to clients using Chainalysis’ investigations and compliance products.  As one of the higher-profile analytics firms in the blockchain intelligence industry, Chainalysis develops investigative tools that enable firms, governments and…

Winklevoss’ Gemini to Offer Custody of .Crypto Blockchain Domains

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Unstoppable Domains, a major blockchain domain provider, is hitting another milestone as Winklevoss brothers’ Gemini exchange now offers custody for its “.crypto” domains. Starting from July 23, users can store their “.crypto” addresses obtained through Unstoppable Domains with Gemini Custody — a tool that is designed to store crypto assets in a regulated, secure and compliant manner. Domain registrars 101domain and EnCirca are among the first users Registrars of traditional DNS domains are being targeted as top customers of the new service. Providers like 101domain and EnCirca will be the…

Tesla’s Explosive Q2 Results Has Some Calling it The New Bitcoin

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Strong Q2 results from Tesla have some industry observers calling it the new Bitcoin. $TSLA is the new Bitcoin — Ramp Capital (@RampCapitalLLC) July 22, 2020 Records show Bitcoin first traded for $0.003 in March 2010 on the now-obsolete BitcoinMarket.com exchange. At today’s price, that’s over 300,000,000% gains since that date. Tesla stock has some way to go to top Bitcoin’s performance. But being up 9,300%, since going public in June 2010, is still an impressive motion towards that goal. Source: google.com And with Tesla being one of the stand…

Gemini CEO on How the Federal Reserve Will Boost Bitcoin’s Next Bull Run

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Bitcoin’s fundamental case continues to strengthen as developments regarding the next stimulus bill continue. Industry executives believe that this could act as a catalyst for this market moving forward. This comes as BTC has begun to inch higher after weeks of consolidation. As of this article’s writing, Bitcoin trades for $9,500 — the highest price in weeks. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH How the Federal Reserve Could Boost Bitcoin Higher Despite attempts to reopen society, the U.S. is far from…

How to Overcome the Difficulties While Creating Your Own Cryptocurrency?

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In the crypto era, startups face plenty of unavoidable challenges. From creating a new cryptocurrency that individual and business holders can connect with to getting enough funding for their crypto project, it is easy for a crypto developer to get involved or affected where their energies should be guided. We have compiled a list of the challenges that you may face as a startup and the solutions that would work in your support. A Massive Crowded Crypto Market: In the crypto market, there are more than thousands of crypto coins…