Day: September 1, 2020

Is Robinhood Sending J. Jill Stock Soaring 157% in Big Risk Trade?

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J. Jill stock’s 157% surge Tuesday looks like the work of retail investors on free brokerage apps like Robinhood. It’s a penny stock in a beaten-down company with a big brand teetering on the verge of bankruptcy, common fair on Robinhood. They came for Hertz, Delta, American Airlines, Carnival, and Ford. The retail crowd could be behind this latest bizarre move. J. Jill stock (NYSE:JILL) is one of the big movers today. The women’s clothing retailer is one of 99 companies with a female CEO listed on Robinhood. The company…

Band Protocol CEO says that a single Chainlink data request costs $450

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Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can take almost $450 because someone needs to submit the request data to ask for the data. Let’s say 20 data providers need to receive that, respond to that with 20 transactions, and then the aggregation contract to do all the computation before returning the final result, all of these…

The company behind Zcash just made its new source code public

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The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community. The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive proof composition that eliminates the need for a trusted setup in Zcash,” said a Sept. 1 blog post from the ECC. “It may also advance a promising scalability solution for Zcash and other blockchains,” the post added, noting the Halo structure adds speed, among other things.  Initiating a…

If Giannis Antetokounmpo Doesn’t Step Up, He Might Just Step Out

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Giannis Antetokounmpo and his heavily favored Milwaukee Bucks just lost game one of the Eastern Conference semi-finals. Giannis claimed he didn’t want to guard Jimmy Butler because the coach didn’t tell him to. The Bucks star will continue to face questions about his mental toughness until he can match his opponents’. There’s a reason Giannis Antetokounmpo and the Milwaukee Bucks have trouble in the playoffs. It’s not from a lack of talent; it’s from a lack of toughness. While Giannis can bang his body around with the best of them,…

Logistics system provider will connect Dutch ports via blockchain

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Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens. Together, they will handle operations and core processes for ports in Amsterdam and Rotterdam. According to the announcement, both Portbase and TradeLens expect to create a global ecosystem of carriers, ports, and terminals through a digital port infrastructure management system. Going forward, these upgrades will be powered by TradeLens’ blockchain infrastructure. Iwan van der Wolf, managing director of Portbase, explained how Blockchain is being used to more effectively organize the company’s operations:…

DocuSign Stock Rides Zoom Earnings’ Coattails, But Will It Last?

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Zoom and DocuSign stock just went parabolic in Tuesday trading. But putting earnings in perspective makes the shares look pricey. And the pandemic economy might not be forever. The Nasdaq Composite hit another record high Tuesday. The tech-heavy benchmark has gained roughly 3% since Thursday when Jerome Powell said the Fed wouldn’t mind a little bit of inflation. It looks like Ben Bernanke was right about easing and forward guidance in the Fed’s arsenal to fight the next big one. But Zoom (NASDAQ:ZM) left the rest of the Nasdaq in…

What ‘Doc’ Copper Has to Say About the Economy Now

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Copper is at a two year high, and rising prices generally bode well for the economy. Chinese demand is robust, signaling a growing economy there. A weak dollar is also playing a role. Copper, the metal that used to be in pennies, is on a tear. Economists refer to the metal as “Doctor Copper” due to its historic predictions about the economy. Rising prices typically show an expanding economy, and falling prices often show a declining economy. Good news, right? Not so fast. The metal’s move right now is a…

Market Wrap: Bitcoin Breaks $12K; Uniswap Crosses $1.5B Locked

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Bitcoin breached $12,000 again Tuesday, and traders see bullish crypto signals everywhere on the charts. Bitcoin (BTC) trading around $11,970 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,524-$12,085 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 30.Source: TradingView Bitcoin broke the $12,000 price barrier Tuesday, hitting $12,085 on spot exchanges such as Coinbase. The last time the price hit that level was back on Aug. 21. While the…

PornHub now accepts Bitcoin and Litecoin

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Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release: “As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology…

Bitcoin, Metals, And Equities “Will Fly” If Dollar Downtend Deepens

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The dollar’s impact on markets in 2020 cannot be overstated. Its weakness and decline in the face of the pandemic and a dwindling US economy, has allowed assets like Bitcoin, precious metals, and equities to surge. However, the DXY Dollar Currency Index just closed a monthly candle below an over decade-long trend line dating back to the United States’ exit from the Great Recession. And it could mean more downside ahead. DXY Loses Trend Line Dating Back To Great Recession All global financial markets are tied to the United States…