Day: October 1, 2020

First Mover: Nine (Bullish) Bitcoin Predictions for Final Months of (Awful) 2020

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A lot of crypto investors like to think of bitcoin as a bet on higher inflation, or as a futuristic hedge on some imagined economic-armageddon scenario — Gold 2.0, as they say. Lately it’s looking more like Gold 2x: As bitcoin heads into the final months of 2020, the largest cryptocurrency’s 2020 investment returns are twice those of the yellow metal.  Bitcoin gained 50% in the nine months through September, versus gold’s 25%, during a year when a global pandemic ravaged economies and prompted central banks to print trillions of dollars. Many investors,…

IBM executive says blockchain becoming a useful ‘real business tool’

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It was just a few years ago that enterprises began showing interest in using blockchain as a technology to bring trust, transparency and better collaboration to multiple entities sharing sensitive business data. Yet as the blockchain space has matured, more companies have started to view blockchain less as a technology and more as an important business tool for digitalization.  IBM Blockchain’s general manager, Alistair Rennie, noticed this evolution earlier this year. Cointelegraph had the pleasure of speaking with Rennie to learn more about the evolving enterprise blockchain landscape, how blockchain…

SushiSwap’s liquidity grab actually made Uniswap stronger — Data shows

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SushiSwap is widely thought to have syphoned liquidity from Uniswap but new data from Flipside Crypto, a cryptocurrency on-chain analytics resource, suggests that the decentralized exchange’s launch mechanism actually benefited Uniswap by bringing new money into its liquidity pools. On Aug. 28, SushiSwap announced that it would launch its own decentralized exchange and many in the DeFi community referred to the project as a “vampire mining attack”. After forking from Uniswap, the most popular decentralized exchange in the space, SushiSwap created an incentive structure for users to switch to their…

Traders Flock to LEND Ahead of Its 100:1 Split to AAVE: Price Up 20%

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Demand for LEND has surged dramatically over the last week as the token undergoes a rebranding. Aave, the non-custodial “DeFi” protocol, earlier launched its Aave Improvement Proposal (AIP1) to allow community consent over the migration from its governance token LEND to its rebranded avatar AAVE. In retrospect, the switchover attempted to take people’s opinions on the new changes proposed to Aave’s protocol existing economic model. Aave Governance is officially on mainnet, giving the decisional power to the community! Now it’s time to vote on the very first Aave Improvement Proposal (AIP)…

ICO launches consultation on draft Statutory guidance

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The Information Commissioner’s Office (ICO) has launched a public consultation on its draft Statutory guidance, which details how it will regulate and enforce data protection legislation in the UK. Supporting the ICO’s primary responsibility of ensuring compliance with the law, the document explains the ICO’s powers; when it will use them and how it calculates fines. Designed to ensure the rights and freedoms of individuals are protected, the draft guidance also seeks to provide assurance to business that the ICO will use its powers proportionately and consistently. Elizabeth Denham, Information…

TSLA Stock Up, Tesla to Cut Starting Price of Its China-made Model 3 By 8%

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Previously, the starting price for Model 3 sedans produced at Tesla’s Shanghai factory with a standard driving range was 271,550 yuan. Now, it will cost 249,900 yuan (or $36,805).  Shares of electric vehicle producer Tesla Inc (NASDAQ: TSLA) soared on Wednesday. Tesla stock closed 2.37% up, slightly rose after hours, and are further 2.92% up in early trade today, $441.55 per share as of press moment. Tesla’s market cap has totaled $390.49 billion. The jump followed the announcement about Tesla cutting the price of its Model 3 sedans made in China.…

Even Google Has Given up on Stadia With Its Latest Chromecast

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Google held its Late Night In hardware event yesterday. The tech giant unveiled the brand new Chromecast with Google TV streaming device. The dongle won’t launch with support for the company’s Stadia cloud gaming service. The Stadia story takes another strange turn. Google’s newly-announced Chromecast with Google TV is launching devoid of support for the company’s less-than-a-year-old Stadia cloud gaming service. The dongle, unveiled during yesterday’s ‘Google Late Night In’ hardware launch event, arrives with no Stadia app, despite offering support for over 6,500 content-streaming apps. Google says it doesn’t…

Hoskinson: Partnership With SingularityNET is a Chance For Cardano to Become The Best

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AI firm SingularityNET today announced a partnership deal with Cardano. Previously, SingularityNET operated exclusively on the Ethereum blockchain. As such, many have taken the news as a significant blow for Ethereum stakeholders. We’re extremely excited to announce our collaboration with #IOHK @InputOutputHK, a company led by @Cardano founder Charles Hoskinson @IOHK_Charles. Review some of the motivations, synergies and possibilities underlying this collaboration here: https://t.co/v1Kf449JCn pic.twitter.com/ME1H3z1hJs — SingularityNET (@singularity_net) September 30, 2020 However, SingularityNET CEO Dr. Ben Goertzel said it was always in the plan to make SingularityNET multi-chain. While Ethereum…

Bitcoin rises against USD after Mnuchin promises second stimulus check

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Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy. Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington. Vays: “Buy Bitcoin” no matter who wins the U.S. election DXY and BTC/USD have demonstrated a strong inverse correlation in recent months. Recent DXY gains did not translate into intense selling pressure for Bitcoin, but fresh losses could yet buoy BTC bulls in…

Court finds blockchain firm guilty of license violation — but CEO vows to fight back

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Dutch open-source blockchain software developer Jelurida has won its case in the Netherlands against Apollo Fintech for breach of copyright. On Sept. 22, a Dutch court ruled against Apollo for cloning over 75% of its code from Jelurida’s Nxt (NXT) blockchain software code but failing to adhere to the developer’s Jelurida Public License (JPL). Alongside Nxt, Jelurida is also the developer of the Ardor blockchain. JPL permits other developers to freely use and modify Jelurida’s code for the Nxt blockchain — but its terms stipulate that they must keep it…