Day: October 1, 2020

Bitcoin News Roundup for Oct. 1, 2020

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With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin (BTC) faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.  Diginex has become the first crypto exchange operator to be traded on Nasdaq, listing under the EQOS ticker symbol. A federal judge has ruled Kik’s 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for…

Twitter CEO Jack Dorsey Criticizes Coinbase for No-Politics Stance

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Bitcoin, the mother of cryptocurrencies, has laid a strong foundation for global leaders to follow in solving the hard society challenges.  As the world grows through the recent society challenges, Silicon Valley companies are playing a vital role in the future society setups. Twitter CEO Jack Dorsey, a strong supporter of the blockchain technology and the Bitcoin cryptocurrency, disagreed with Coinbase CEO Brian Armstrong on the matter of how companies should handle the social challenges and simultaneously focus on their mission. Twitter and Coinbase CEOs Disagreement It all began after…

Singapore Employs Blockchain-Enabled Digital Health Passport for Enhanced Medical Data Management

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Through its investment firm SGInnovate, the Singaporean administration has teamed up with local startup Accredify to establish a blockchain-powered digital health passport to boost medical records management. This development will enable healthcare data to be kept in a digital wallet. Blockchain app tested with COVID-19 data The blockchain-enabled application was piloted in May using COVID-19 data during the height of the global pandemic. At the time, COVID-19 discharge memos were authenticated more than 1.5 million times.  The digital health passport is touted to be instrumental in streamlining healthcare providers’ workflow…

Tesla’s Desperate Price Cuts in China Won’t Be Enough

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Tesla has once again reduced the prices of its made-in-China Model 3. The price cuts come at a time of increasing competition in China. Chinese EV manufacturers are growing in stature, and foreign automakers are boosting their investments. The going is getting tougher for Tesla in China. Just five months after making substantial price cuts for the Model 3, the electric vehicle (EV) maker has lowered the starting prices for its cheapest sedan again. According to Reuters, Tesla has dropped the prices of China-made Model 3s by around 8%. The…

Google Pledges to Pay $1B to News Publishers Over Next Three Years

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After years of pressure from printing firms, Google has finally promised to pay an initial $1 billion to news publishers over the next three years. Google LLC (NASDAQ: GOOGL) has revealed plans to pay news publishers $1 billion over the next three years. Before now, new publishers such as News Corp have been demanding payment for content from Google. On the 1st of October, Google released a blog post titled “Our $1billion investment in partnership with news publishers.” According to the blog post, there will be additional financing in the…

MakerDAO Lists New Collateral Options: Chainlink, Compound, Loopring 

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Compound (COMP), Chainlink (LINK), and Loopring (LRC) are the new additional collateral asset types to popular crypto project MakerDAO upon the community’s request. The announcement from Maker came on Wednesday, showing that the MakerDAO community had voted in support for the addition of the three new tokens to the platform: Chainlink, Compound, Loopring. During the summertime, community members pitched proposals to the mentioned three tokens onto the protocol. Fortunately, this week, the community voted for the tokens’ integration via Maker’s on-chain governance program. Users of the platform can now generate…

PEP Shares Slightly Up, PepsiCo Revenue in Q3 Grew 5.3%

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PepsiCo reported revenue of $18.09 billion versus the anticipated $17.23 billion. PEP shares haven’t been significantly affected. PepsiCo Inc (NASDAQ: PEP), an American multinational food, snack and beverage corporation, the stock added 1.05% during Wednesday’s trading session to close the day at $138.60. PEP shares were trading around 1.52% up in regards to yesterday’s close. Today, PEP stock is slightly up, trading at $138.67. Meanwhile, PepsiCo revealed its Q3 report. The tweak is largely attributed to the quarterly report released by the company, whereby its revenue grew by approximately 5.3%.…

Nxt Blockchain Creator Jelurida Wins Its Copyright Case Against Apollo

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The Amsterdam court sided with Jelurida by finding Apollo to have acted in violation of the JPL by copying 75% of Nxt’s code. In a landmark ruling, Jelurida, the company behind the first proof-of-stake blockchain Nxt, has emerged victorious in a Dutch case concerning copyright violations by the Apollo blockchain. Apollo was found to have broken the terms of the Jelurida Public License (JPL) through using the Nxt software without attribution and modifying it without authorization. It was ordered to strictly comply with the JPL terms and recall its current…

Flash Loans on Aave Protocol Close to Half a Billion Dollars

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The Aave Flash Loans service enables users to borrow instantly and easily, no collateral needed provided that the liquidity is returned to the pool within one transaction block.  The renowned decentralized finance (DeFi) lending protocol Aave has issued close to half a billion dollars in flash loans. In figure terms, the total flash loan the protocol has issued since launched in January is $495,375,961.70 according to Aavewatch, an analytics platform for the Aave protocol. The world of DeFi with its unique use cases and product offerings has done a lot…

Ethereum Price Moving Over $360 Today, ETH Consolidating

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On Thursday, October 1st, ETH is stable, trading near $362.50. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of Ethereum price today. The ETH is almost ready to launch the Ethereum 2.0 network. Ethereum 2.0 might be released in November. On W1, the ETH/USD pair keeps correcting in an uptrend. The price is trading under 23.6% Fibo. If it is broken away, growth may continue to the next level of 38.2% Fibo. The MACD histogram has remained above zero for several weeks, promising soon continuation of the ascending dynamics. The…