With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot more. Modern Monetary Theory has taken center stage, and we are witnessing it in action. It’s a sight that will leave you awestruck: like witnessing the financial version of the first atomic explosion of Los Alamos and the Manhattan Project. What is going on with the world’s economy is unprecedented. We are entering completely new…
Day: August 31, 2020
OPEC to Discuss Blockchain Technology at Upcoming Virtual Workshop
The plausible move by OPEC to consider the integration of blockchain to bolster its supply chain is a use case of the technology with enough precedents. Blockchain technology will be one of the focus topics at the forthcoming videoconference workshop of the Organization of Petroleum Exporting Countries (OPEC). According to the organization, the meeting scheduled to hold on September 21, 2020, is aimed at discussing and exchanging information on a number of key topics relevant to energy technology and innovation. The workshop which will be attended by a number of industry…
Binance Card to soon expand to US as Swipe taps new partnership
Binance Card, a newly launched cryptocurrency debit card powered by Binance and the Binance-owned crypto commerce company Swipe, could soon enter the United States. This is all thanks to a new partnership which unlocks direct USD deposits for users in the country. Announcing the news to Cointelegraph on Monday, Swipe representatives said that USD checking accounts will be enabled on the platform through a partnership with Evolve Bank & Trust — a banking institution operating in the United States. Swipe users will be able to directly deposit their paychecks into…
Did Kate Middleton Widen the Prince William-Prince Harry Rift?
When Meghan Markle first came onto the Royal spotlight, she got along well with most of the members of the British royal family. But Kate Middleton is alleged to have been stand-offish, and even avoided the first meeting between Markle and the Windsors. That set off a chain reaction that, ultimately, contributed to the demise of the previously-impervious relationship between Prince William and Prince Harry. Whether Kate Middleton meant to or not, she played a huge role in contributing to the demise of the relationship between Prince William and Prince Harry. That’s…
Tesla Begins Five-For-One Stock Split to Make Shares More Accessible
Both Tesla and Apple are beginning stock split trading today, giving investors the opportunity to access additional shares in the companies. Following the 11th of August announcement of its five-for-one stock split, Tesla Inc (NASDAQ: TSLA) jumped 7% in premarket trading. With the stock split, the electric vehicle (EV) maker hopes to give employees and more investors access to its shares. According to the announcement, each shareholder as of the 21st of August will receive four additional shares of common stock for each of their then-held shares. Subsequently, Tesla said the additional…
Dow Drops 130 Points; Apple Stock Split Fuels Tech Gains
U.S. stock futures traded mixed ahead of Monday’s open, leading to a volatile start to New York trading. Apple and Tesla are now trading at the stock split-adjusted price. The S&P 500 Index is wrapping up its best August since the 1980s. The Dow and broader U.S. stock market were mixed during Monday’s open, as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) began trading at their new split-adjusted price. While not a component of the Dow or S&P 500, Tesla has become an important proxy for investor sentiment in the current market…
LeBron James Is Taking His ‘King’ Nickname Too Seriously
LeBron James has been known as ‘King James’ dating back to his high school days. It is a fitting moniker on the court, but off the court, he sometimes forgets that the other players in the NBA are people, too (just like him). If he isn’t careful, he may have an even harder time then he already does recruiting guys to come to LA. Los Angeles Lakers superstar LeBron James is a legend among men on the basketball court. He is a truly gifted player, and it is not hard…
First Mover: Huobi Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry
You’re reading First Mover, CryptoX’s daily markets newsletter. Assembled by the CryptoX Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. Market moves Cryptocurrency exchange Huobi is taking aim at competitor OKEx in the business of trading bitcoin futures and other derivatives contracts, opening up a new front in a longstanding rivalry between…
Band Protocol Teams Up with TRON to Provide DeFi Oracle Solution
With a reliable oracle solution now in place, TRON should enjoy greater success in luring dApp developers away from Ethereum. TRON has revealed a partnership with Band Protocol that’s bringing oracles to the former’s defi ecosystem. As a result, external price feeds can now be built into TRON dApps, freeing developers to create an array of intriguing new applications that transcend their native blockchain. Oracle integration is regarded as a sign of a blockchain maturing and growing in stature. While most crypto networks don’t boast oracle support from day one,…
YFI Token is Running Towards 4 BTC a Piece, Asserts Analyst
YFI, the native token of a fast-forward decentralized finance giant, Yearn Finance, has surged 8,900 percent against Bitcoin since its launch. And now, an analyst says that the cryptocurrency could grow further. Amsterdam-based stock trader Michaël van de Poppe said in his Monday tweet that the YFI price could surge towards 4 BTC per token. The comments followed the DeFi crypto’s 35 percent rally in the last 24 hours, wherein YFI/BTC surged from 2.31 BTC to an intraday high of 3.10 BTC. YFI surged 35% against BTC on growing DeFi…