Day: August 30, 2020

Ethereum vulnerable to frontrunners: Researcher

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Ethereum may be vulnerable to frontrunners according to Dan Robinson, a research partner with the crypto-asset investment firm Paradigm.  Robinson said in a blog post, the design of Ethereum’s mempool, or a set of unconfirmed transactions, is where the vulnerability lies. He said arbitrage bots monitor pending transactions in the Ethereum mempool and attempt to exploit profitable opportunities created by them. Arbitrage bots typically look for specific types of transactions in the mempool (such a DEX trade or an oracle update) and try to front-run them according to a predetermined…

Fed Is Destroying the Dollar With Inflation. There’s No Turning Back

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Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four months. The Federal Reserve introduced a 2% average inflation target on August 27. Since then, strategists have expressed skepticism towards the Fed’s new policy and its potential effect on the U.S. dollar. Some investors, like Heisenberg Capital’s Max…

Walmart Is Coming for Facebook & Instagram Shops

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Walmart’s surprise bid for TikTok coincided with Facebook unveiling the Shops feature on its main app. The big-box retailer’s experience in China, where social commerce is more advanced, gives it an edge. Walmart’s online ad business stands to benefit, too. Just days after Facebook (NASDAQ:FB) doubled down on its social commerce ambitions by launching a shopping tab on its main app, Walmart (NYSE:WMT) surprised everyone by partnering with Microsoft (NASDAQ:MSFT) to bid for TikTok. On the surface, Walmart’s interest in TikTok may seem insane. It is a highly strategic decision…

What Changes at the Fed and the SEC Mean for Crypto

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There has been no shortage of epoch-changing twists so far this year. I mean, seriously, take your pick: even aside from the pandemic, we have riots on the streets of American cities, an alarming trade war, negative oil prices and gold briefly above $2,000/oz. These are just some of the loud, headline-grabbing changes that were once unthinkable but now form part of our new normal.   A much quieter shift, but equally transformative, started to make its presence more felt on Thursday, when the Chairman of the U.S. Federal Reserve,…

Cam Newton Is Already in Danger of Losing the Patriots Fan Base

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Once Tom Brady left and Cam Newton was released by the Panthers, many assumed he would eventually land in New England. While he may be the team’s best chance to win this year, that doesn’t mean fans are going to accept him. Fans who wish athletes would leave their politics out of the game are probably not going to like him. Cam Newton is in an enviable but also an unenviable position. He is on the roster for a perennial Super Bowl contender in the New England Patriots. That alone…

After Parabolic Rally, Cosmos (ATOM) Just Formed a Textbook Sell Signal

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Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos may be poised to reverse, though, with the Tom Demark Sequential printing a textbook sell signal. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Cosmos (ATOM) Prints Reversal Signal Cosmos…

Bitrue, OKEx to offer both DeFi and CeFi options

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Two exchanges will offer both decentralized and centralized financial options. Both Bitrue and OKEx separately announced plans to provide hybrid services that cater both to the DeFi market and more mainstream centralized finance products. OKEx CEO Jay Hao tweeted on August 30 that the exchange launched its hybrid lending aggregator. The DeFi and CeFi aggregator integrates Compound (COMP). Hao said OKEx is “here to redefine crypto lending experience.” The OKEx DeFi Lending Marketplace gathers major DeFi lending products and allows users to check and compare all DeFi and CeFi lending…

Goldman Pumps Stock Market With Some FOMO, But You Shouldn’t Listen

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Goldman believes stocks should outperform bonds over the next 12 months. Stocks overvaluation is concerning. The stock market isn’t factoring in the risk of a double-dip recession. Goldman Sachs is encouraging investors to put less money in the bond market and more into the stock market. The firm says global equities have “rarely been as attractive relative to bonds” and will “likely outperform bonds” over the next 12 months. Wall Street Bank Gets Bullish Goldman based its analysis on the equity risk premium (ERP), which is currently near an all-time…

Synthetix (SNX) surpasses $1B TVL as DeFi investor interest grows

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Synthetix has reached the $1 billion in value locked milestone, following other DeFi protocols like Compound and Aave. Synthetix (SNX) has been one of the many DeFi tokens that has made substantial gains in 2020, having hit its all-time high of $7.32 on August 15 and rallied more than 400% year-to-date. SNX/USDT daily chart. Source: TradingView Most of the hype around the 2020 altcoin season has been focused around lending, liquidity, and yield farming within crypto. However, Synthetix has been able to make strides in the DeFi sector by offering…

Bitcoin Will Break Out This Year, Says Devere CEO

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The CEO of financial advisory firm Devere Group believes that 2020 will be a breakout year for bitcoin, fueled by the U.S. presidential election and the weak dollar. Amid political uncertainty and the Fed’s new inflation policy, investors will pile into safe-haven assets not tied to any specific country, such as bitcoin. 2020: Breakout Year for Bitcoin Devere Group CEO Nigel Green predicted last week that the U.S. presidential election and a weak dollar will drive the price of bitcoin for the rest of 2020. Following the Federal Reserve’s policy…