Day: August 27, 2020

Listen Up, Robinhood Traders. Mark Cuban Has a Stock Market Warning

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Mark Cuban tells Dave Rubenstein on Bloomberg that he is less active in the U.S. stock market than 10 to 20 years ago. The market’s dynamic is changing rapidly as retail investors overrun hedge funds through retail platforms, like Robinhood. Markets face the risk of unprecedented retail trading activity pushing stocks to unusual lows and highs. 2020 is turning into the year of retail investors. Robinhood traders are absorbing stocks so fast it is causing hedge funds problems, according to Jim Cramer. But billionaire Mark Cuban warns it is harder…

Bitcoin and Ether Market Update August 27, 2020

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Total crypto market cap lost $8.1 billion of its value since Monday morning and now stands at $356.4 billion. Top ten coins were mostly in green for the last 24 hours with Polkadot (DOT) being the best performer for the period adding 18.2 percent to its value. At the time of writing bitcoin (BTC) is trading at $11,386 on the Bitstamp daily chart, while the ether (ETH) continued to slide and reached $383. Ripple’s XRP moved down to $0.274. BTC/USD Bitcoin once again re-tested down the weekly support at $11,500…

Apple’s iOS 14 Will Damage Ad Business, FB Stock Down

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According to Facebook, Apple’s privacy policy has “forced” its decision to stop collecting identifiers for advertisers on devices with iOS 14 and limit the data that apps can collect using its services. While Apple Inc (NASDAQ: AAPL) is preparing to launch its new operating system iOS 14, Facebook Inc (NASDAQ: FB) is setting itself up for a significant downgrade of its Audience Network business. As Facebook has said, Apple’s update could lead to an over 50% drop in its ads revenue. Besides, Facebook named its Audience Network system “so ineffective…

Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC

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Bitcoin (BTC) at $11,400 is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests. Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug. 26, on-chain monitoring resource Glassnode forecast upside for BTC/USD. Stablecoin supply ratio “3x stronger” than July 2019 SSR refers to the potential buying power of stablecoins over Bitcoin. A low Bitcoin price allows stablecoin owners, for example on exchanges, to purchase more of the BTC supply. This demand pushes the price of Bitcoin up, given its…

2020 Annual Track survey results

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27 August 2020 As the UK economy adjusts to the impact of COVID-19, it has never been more important for organisations to understand what their customers want and expect. Data protection is an important part of that picture. The past six months has seen a sharp acceleration in the use of digital services, which often rely on people trusting that their personal information will be handled fairly, lawfully and transparently. As a regulator, we play an important role in enabling innovation and enforcing the law. That work includes helping organisations…

‘It’s Part and Parcel of Crypto’: How Memes Drive Narrative and Value

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“YAMs = Ponzinomics of AMPL + Chad launch of YFI + Meme math of Tendies,” Messari analyst Ryan Watkins tweeted about the latest decentralized financial application to set crypto atwitter.  It’s the type of back of the napkin logic that looks like gibberish on its face, but has an internal cohesion that makes sense to insiders. Yams, chads and tendies.  “In this market, where there are so many different projects already fighting for attention and new ones launching everyday, it is important for projects to try and get people motivated…

Binance.UK joins self-regulating trade group CryptoUK as Exec Member

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Binance.UK is joining the self-regulating industry association CryptoUK as an executive member. The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working with government policy makers to develop a regulatory framework for digital assets in the United Kingdom. CryptoUK was formed in early 2018 and promotes an active code of conduct for its members. Binance.UK intends to take a proactive role in updating this to ensure that it continues to deliver best practices, input that is welcomed by CryptoUK Chair, Ian…

Is This the Blockchain Firm That Will Get Enterprise to Finally Embrace Open Networks?

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Concordium, an ambitious project whose founders have close links to companies including Volvo, IKEA, Saxo Bank and Nasdaq, is looking to shake up the seemingly glacial world of enterprise blockchain.  The most striking thing about Concordium, which launches its third testnet next month, is the way it pushes what was once anathema to big corporates: public and permissionless blockchains. Businesses, wary of tipping their hands and giving away any competitive advantage, have traditionally preferred the idea of private and permissioned blockchains. But many advocates of blockchain tech believe only open…

Do or Die for Ripple (XRP) Bulls: Here’s What Could Trigger A Sharp Decline

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Ripple is trading in a bearish zone below the $0.2800 resistance against the US Dollar. XRP price could extend its decline below $0.2700 if it fails to surpass $0.2800. Ripple is currently declining and trading well below the $0.2800 resistance against the US dollar. The price is approaching the $0.2730 and $0.2710 support levels. There is a significant bearish trend line forming with resistance near $0.2765 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either start a real recovery above $0.2800 or decline…

U.S. President Trump’s Intervention Fuelled Microsoft and TikTok Deal

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A push by the Trump administration has got Microsoft to consider a massive acquisition of TikTok’s global operations. It remains to be seen if Microsoft is willing to shell some more tens of billions of dollars for this deal. A recent report from the New York Times has brought a new twist to the Microsoft-TikTok story. Citing over a dozen people familiar with the matter, the NY Times reported that Microsoft’s acquisition talks with TikTok parent ByteDance “ballooned” this summer with the intervention of U.S. President Donald Trump. The U.S.…