Day: August 31, 2020

We Need To Talk About Adele And Her Cultural Appropriation

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Adele posted a photo of herself wearing Bantu knots and a Jamaican flag bikini top. She instantly became a viral trending topic as a result of the photo. But we really need to discuss the cultural appropriation behind it. Adele has set fire to the rain. Or, more appropriately, to the timeline. The “Hello” singer took to her Instagram yesterday to post a photo of herself — which, on its own, wouldn’t have made headline news. But it made headlines this time around because she was adorned in Bantu knots and a…

Virgin Galactic (SPCE) Stock Up 1% after Bullish Call by Cowen Analyst

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The bullish call on SPCE stock comes despite the Virgin Galactic’s operations having been severely affected by the ongoing coronavirus pandemic Virgin Galactic Holdings Inc (NYSE: SPCE) stock was trading 2% up, around $17 during Monday’s premarket. Now it is 1.26% up, at $17.68. Although not a huge spike as observed previously in the stock market, SPCE stocks are set to continue rising and probably reach their all-time high if the market conditions prevail. According to Cowen’s analyst Oliver Chen, the spaceflight services company is on the way to winning…

Jacksonville Jaguars Aren’t Even Hiding Their Trevor Lawrence Thirst

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Jacksonville is talent-poor after parting ways with Leonard Fournette and Yannick Ngakoue in less than 24 hours. The Jaguars already appear to be tanking for Trevor Lawrence in 2021. Gardner Minshew won’t be the quarterback of the future with a supporting cast this weak. Trevor Lawrence should start getting used to the idea of playing for the Jacksonville Jaguars. The Jags are making it obvious they’re tanking the 2020 NFL season for the No. 1 pick in next year’s draft. There are not many other ways to interpret waiving running…

Netflix Offers Free Original Shows to Non-Subscribers, NFLX Down 0.64%

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With free Netflix access, viewers will be able to watch the movies with all language options. Meanwhile, NFLX stock is slightly down. Netflix Inc (NASDAQ: NFLX) now offers free shows to non-subscribers. Without signing up, viewers will have limited but free Netflix access to ten TV shows and movies. According to a report by TechCrunch, Netflix is offering free but limited access to some of its original series and movies. The available shows and movies include Stranger Things, Murder Mystery, Boss Baby: Back in Business, When They See us, and more. Netflix…

Blockchain Bites: Ethereum Classic Attacked, Electrum Wallet Drained and Taxable Microtasks

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Signature Bank gave out dozens more small business PPP loans to crypto firms than previously known, Ethereum Classic has suffered another 51% attack and a digital yuan wallet went live and disappeared this weekend. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Third attackThe Ethereum Classic blockchain suffered its third, and worst, 51% attack in a month Saturday evening. Spotted by mining company Bitfly, the attack reorganized over…

Cred to enable in-app staking through Klever wallet

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Cryptocurrency wallet platform Klever will allow users to stake Bitcoin (BTC), Ether (ETH), Tron (TRX) and other cryptocurrencies in Cred’s staking programs from within the wallet. Cred is a cryptocurrency staking and lending platform that allows users from across 190 countries to lend their cryptocurrency funds in return for monthly rewards in stablecoins, cryptos and fiat currencies.  The new feature will allow Klever users to opt for any of the staking programs listed on Cred in return for monthly rewards. Once the in-app staking goes live, it will allow users…

Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

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Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020. While gross profit was up both year on year and quarter on quarter, the company still posted a net loss, albeit one which has narrowed significantly in the last twelve months. The amount of computing power sold in its application specific integrated circuit (ASIC) hardware was 2.6 million THash/s. This represents an increase of almost 200% on Q1 figures of 0.9 million THash/s, but is an 18.2% drop on figures from…

Blazers Would Be Mistaken to Bring Carmelo Anthony Back in Major Role

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Following the Portland Trail Blazers’ elimination from postseason play at the hands of the L.A. Lakers, Carmelo Anthony said he was “praying” he would be back with the team next season. The 10-time All-Star and former NBA scoring champion proved that he can still play at a high level in Portland this season, and was an essential factor in the Blazers securing a playoff spot. While Anthony’s comeback was one of the feelgood stories of what has been a tumultuous 2019-20 campaign, the Blazers would be unwise to bring the…

This price resistance stands in the way of ETH hitting $500

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As the price of Ethereum’s native digital currency, Ether (ETH), has been showing massive strength recently, the path seems to be continuing toward new highs. Ether price ran from $220 to $445 in the previous five weeks, and this is one of the biggest surges for the altcoin in the past 18 months.  However, as the rally didn’t provide many opportunities for laggards to hop on the train, is $500 the next target for Ether? Let’s examine the technical setup.  Crypto market daily performance. Source: Coin360 Ether flips crucial level…

These Simple Factors Suggest Bitcoin May Plunge to $11k Before Surging

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It has been a rocky past couple of weeks for Bitcoin and the aggregated crypto market. Despite some turbulence, BTC bulls have been able to guard against it seeing any significant near-term downside. Late last week, the crypto started gaining some momentum that sent it to highs of $11,600, at which point it faced an influx of selling pressure that caused its price to decline to lows of $11,100. Bulls were able to guard against any further downside and have since pushed the crypto up towards highs of $11,800 that…