Day: September 18, 2020

Dow Struggles as Trump Administration Eyes TikTok Ban

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The Dow Jones Industrial Average opened lower on Friday; the S&P 500 fluctuated after a positive start to the day. President Trump will announce Friday whether his administration would approve Oracle’s bid for TikTok’s U.S. operations. Despite Thursday’s sharp decline, U.S. equities are on track to snap a two-week losing streak. The Dow and broader U.S. stock market fluctuated at Friday’s open, as investors awaited the Trump administration’s decision to approve Oracle’s minority stake in Chinese-owned TikTok. Dow Declines; S&P 500 Flat-Lines Wall Street’s major indexes were mixed at the open,…

AAPL Stock Up 0.5%, Apple Plans Launch for First Online Store in India

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Amid recent expansions, Apple has announced the commencement of its first online store in India on the 23rd of September. AAPL stock is up less than 1% in the pre-market trading. Apple Inc (NASDAQ: AAPL) is planning to launch its first online store in India in the coming week. According to the announcement, the online store will offer a full rage of Apple products to interested customers all over the country. The store will also offer unique price offerings to students in need of Macs or iPads. The launch coincides…

Facebook-backed Libra welcomes Blockchain Capital as new member

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The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept. 18 announcement. Alongside the other 26 association participants, Blockchain Capital will now be working to create a “more equitable payment system” with Libra. Bart Stephens, co-founder and managing partner at Blockchain Capital, said, “Leveraging blockchain technology to improve financial access and promote innovation has been at the core…

Sony’s Confusing PS5 Strategy for Old-Gen Games Disappoints

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PlayStation CEO confirms PS5 won’t support backward compatibility for PS1, PS2, and PS3 games. Backward compatibility will be limited to 99% of PS4 titles. The CEO notes implementation hurdles, catering to PS4 players, and maximizing the PS5’s next-gen features as the reasons behind the decision. Here’s another one to add the ‘you coulda communicated that better, Sony’ pile: the PS5 won’t feature backward compatibility with PS3, PS2, and PS1 games. Despite the PS5 tag line, play certainly has limits. The news doesn’t exactly come as a surprise; many expected as…

No Respite for UMA as DeFi Token Plunges Another 8%; What to Watch?

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The UMA Protocol continued to lose portions of its market capitalization on Friday as its native token of the same name plunged further. THE UMA/USDT exchange rate was trading at $12.81 as of 12:14 UTC, down about 8.5 percent into the European session. Lackluster volumes and low volatility appeared as the primary catalyst for the pair’s dismissive intraday performance. The latest sell-off in the UMA market followed its attempts to rebound higher in the last two daily sessions. UMA/USDT jumped by around 6.5 percent after locating interim support at $12.39.…

Uniswap Activity Sends Ethereum Gas Fees Sky High

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The issue of high Ethereum gas prices isn’t going away anytime soon. Just last month, total daily fees on the Ethereum network managed to reach an all-time high of $8.6 million. Following a brief respite from high charges, the latest data from coinmetrics.io, for August 31, 2020, shows an alarming trend back towards that all-time high. Total daily fees for the end of last month reached $8.2 million. Considering the activity that has taken place since then, it would be no surprise if the all-time high gets topped in the…

Meghan Markle Failed as a Royal

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Meghan Markle’s followers and fans pretend that their idol doesn’t care that she failed as a royal. It wasn’t her fault, of course. Everyone else is to blame—the media, racists, the royal family, Prince William, and especially Kate Middleton. Duchess Kate will always be the focal point of the scorn from Markle’s fans. Why? Because she succeeded where Meghan failed, and that can’t ever be changed. By this point, it’s fair to say that Meghan Markle failed abysmally as a royal. I know that won’t please some readers, but it’s…

Analyst Sees Ethereum in “Reversal Stages” as Price Dips 20%

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Ethereum is on the track of registering more losses eves as it trades 196 percent higher on a year-to-date timeframe. A pseudonymous analyst highlighted a string of technical and fundamental catalysts that could push the second-largest crypto lower. He first noted that ETH/USD is repeating a market setup from the mid-2019, wherein the pair early rallied strongly but then pared a majority of its gains. ETH/USD cycle from 2019 showing its massive downside correction following a major rally. Source: TradingView.com Ethereum performed strongly in 2020, especially in the aftermath of…