Day: August 26, 2020

Stock Market Euphoria Peaks – But a Correction Shadows Bullish Earnings

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The U.S. stock market marches forward with strong momentum buoyed by optimistic earnings from tech giants. While there are no clear signs of correction, strategists see the emergence of warning signs as the markets enter a phase of “euphoria.” Economists foresee a continuous increase in the U.S. liquidity, which might offset risks coming from euphoric markets. The U.S. stock market is climbing upwards on positive earnings reports, specifically from tech companies. Strategists say that the markets might be entering a “euphoria” phase, which could threaten the upside momentum. The S&P…

Even After 350% Jump from March, Ethereum Still Faces a Key Resistance

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Ethereum crashed as low as ~$85 during March’s capitulation drawdown, crushing the hopes of investors in the asset. But due to a recovery in the price of Bitcoin and in most global markets, ETH has surged higher. From those lows, the asset is now up by around 350%, recovering to $385 as of this article’s writing. At the local highs, Ethereum traded for $440, with bulls managing to wrest the asset much higher than it was before. With this recent move, ETH’s macro bear market structure was broken. Ethereum has…

What is Tezos? | Blockchain News

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As a crypto enthusiast, you must have heard about Tezos, a promising new blockchain-based platform for building smart contracts and decentralized applications (dApps). In case you haven’t, we have you covered on the key details in this guide. We’ll start by introducing you to the team behind this project. We’ll talk about their vision to create a blockchain network based on the effort and suggestions of all token holders who will make joint decisions and help Tezos grow and evolve. In order to show what makes Tezos a one-of-a-kind platform,…

AAPL Stock Dips But iPhones Sales Steady Amid Global Decline

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The shares of Apple (AAPL) saw a slight dip on Tuesday despite a report showing that iPhones sales have been steady amid global decline from competitors. The shares of Apple Inc (NASDAQ: AAPL) saw a slight dip on Tuesday despite a report showing that iPhone sales have been steady amid global decline from competitors. The smartphones’ sales report released by Gartner, leading research and advisory firm, shows a relatively steady figure on the sales of Apple’s (AAPL) iPhones. Apple (AAPL) has coasted upward into the $2 trillion market capitalization zone…

Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners

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Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located in Inner Mongolia will no longer be able to access subsidized electricity. A blockchain journalist based in China, Colin Wu, reports that on August 24, the Inner Mongolia Department of Industry and Information Technology issued…

Fall Guys Will ‘Die Real Quick’, Says Shroud

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60-player online platformer Fall Guys is an incredibly popular game, both with players and with viewers on Twitch. According to Stroud, one of gaming’s biggest streamers, Fall Guys isn’t going to remain popular for much longer. Could the game be just another fad, soon to be forgotten? Fall Guys is one of the most popular games online right now, and Shroud is one of the most popular gaming streamers. Shroud, who made a blockbuster return from Mixer to Twitch, doesn’t seem to think all that much of the game.  In…

Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store

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Starbucks intends to boost its customers’ satisfaction by enabling them to trace the entire supply chain of their coffee. The American multinational chain of coffeehouses and roastery reserves has deployed a blockchain tool powered by Microsoft Corp to propel the tracking of coffee from bean to store, according to Bloomberg. Sharing decade-long data According to Michelle Burns, the senior vice president at Starbucks, customers purchasing coffee across its stores in the U.S. will be able to use a code on the package to know the source of the beans, the…

DeFi surpasses $7B in locked funds, but just six projects hold 90% of capital

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The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, according to DeFi Pulse. If the current rate of growth continues, DeFi will be worth more than $27 billion by the end of 2020. Aave currently comprises the largest DeFi project with $1.51 billion locked, followed by MakerDAO with $1.42 billion, Curve Finance with ss$1.15 billion, Yearn.finance with $845 million, Synthetic with $801 billion, and Compound representing $797 million. Aave recently emerged as…

Telegram drops lawsuit over ‘GRAM’ trademark, but must cover legal fees

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Telegram Messenger Inc has voluntarily dismissed its lawsuit against Lantah LLC over the use of the ‘GRAM’ trademark for its cryptocurrency token of the same name. U.S. District Judge Charles Breyer ruled that Telegram will have to pay reasonable attorney fees to Lantah for defending the lawsuit since 2018.  As Lantah has not submitted records documenting its legal costs, the parties must now negotiate a reasonable sum before reconvening with the court. The judge dismissed the suit without prejudice to refiling, allowing Telegram to make claims over the GRAM trademark…

Aspen launches on tZERO amid record security token volume

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Aspen (ASPD), the security token representing fractional ownership in the St. Regis Aspen Resort — a five-star 179-room hotel in Colorado, has commenced trading on the tZERO alternative trading system. The news marks the first Tezos (XTZ)-based security token to be listed on a regulated platform. ASPD is just the third token listed on tZERO, and is the first third-party platform supported by the exchange. Saum Noursalehi, tZERO’s CEO, stated he is “thrilled to see the St. Regis Aspen digital security trading on the tZERO platform.” “Digitizing and trading private…