Day: October 6, 2020

MetaMask Gets Into the Decentralized Exchange Aggregation Business With Token Swaps

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MetaMask announced a new feature Tuesday: token swaps directly within the popular Ethereum browser extension and mobile application. MetaMask, a wholly owned product of Ethereum software company ConsenSys, is probably the most popular way for users to access the Ethereum blockchain. It functions much like a Bitcoin wallet, while also enabling users to sign in to decentralized applications and use them through a regular browser.  The token-swapping feature will release first on its Firefox browser extension, before adding extensions for other browsers and MetaMask mobile.  Jacob Cantele, product lead at…

Bitcoin price holds $10.5K but a $30M sell wall looms overhead

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According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange. While it does not necessarily indicate that a market-wide pullback is imminent, it hints that a major rally remains unlikely. In the short term, BTC likely faces a low-volatility range between $10,500 and $11,000, two key support and resistance levels. BTC/USD chart showing a 2,800 sell wall at Binance.…

Inside the Ethereum Economy: Weird Defi and Bitcoin’s $1 Billion Crop

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Ethereum’s highly anticipated 2.0 upgrade is poised to bring the network ever closer to fulfilling its original vision to be a “world computer” that plays host to a parallel, decentralized financial system.  At invest: ethereum economy on Oct. 14, we will address the ramifications for investors as decentralized finance takes the crypto world by storm.  In a run-up to the event, our two-part CoinDesk Live: Inside the Ethereum Economy virtual miniseries on Oct. 8 and Oct. 12 introduces trending narratives we will break down at the main event: Why all…

Boeing Is the Latest Company to Escape a Hostile Business Environment

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Boeing is departing the state of Washington. One state senator thinks Washington’s hostile business climate is partly to blame. That’s part of a rising trend of hostile business environments that could lead to significant shifts in the years ahead. Aerospace giant Boeing has long been synonymous with its roots in the Pacific Northwest. For decades, the company has been a key job creator in the state of Washington. But no more. Last week, the firm announced it was consolidating all its production in North Charleston, South Carolina. Boeing Move Shows…

The Premier League’s Biggest Winners & Losers in the Transfer Window

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The transfer window is officially closed as attention slowly returns to on-field performance. There were some incredibly astute signings across the board that’ll almost certainly make the Premier League more competitive. It wasn’t all sunshine and announcement videos, though, with some clubs struggling to make a dent in the market. The Premier League transfer window slammed shut on Monday night in its usual blaze of glory and flurry of mad-capped panic. Arsenal’s eleventh-hour signing of Thomas Partey will go down as deadline day’s best deal. Meanwhile, Manchester United finally managed…

Stablecoin Growth Knocks Silvergate Exchange Network Volume Over $100B

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All-time transaction volume on the Silvergate Exchange Network (SEN) has reached $100 billion, with SEN transactions correlated to bitcoin and stablecoin trading. The La Jolla, Calif.-based Silvergate Bank has seen a significant adoption of the payments platform, which is open 24/7 to offer fiat on-ramps for the crypto markets. For full-year 2019, the bank saw around $33 billion transacted on the network compared to $76 billion in the first nine months of this year, said Alan Lane, Silvergate’s CEO. (The bank did not track how much these volumes were affected…

BNTX Shares Rise 10%, EU Begins Review of BioNTech-Pfizer Vaccine

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The start of the review process of the BioNTech-Pfizer vaccine has triggered investors to bet more on BNTX stock. The European Union’s European Medicines Agency (EMA) has commenced the review of BNT162b2, the BioNTech-Pfizer COVID-19 vaccine candidate being developed by the duo of BioNTech SE (NASDAQ: BNTX) and Pfizer Inc (NYSE: PFE). The review according to the EMA is the second rolling review the EU-owned regulator would be conducting with the first being conducted on AZD-1222, the vaccine candidate from AstraZeneca Plc (LON: AZN) and researchers from Oxford University. As…

Blockchain-backed food supply chain management solves the problem

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Food supply chain management, or FSCM, has long been put forth as a low-hanging-fruit application in the enterprise blockchain space. Now, after years of pilots, the verdict is finally in: Blockchain-supported FSCM works perfectly.  For innovation managers in food companies that haven’t yet dabbled, this is your chance. The big players have put in millions of dollars to prove the efficacy of the tech. All you have to do now is figure out the right application for your business. Of course, there are still risks — and in this article…

Shu Lea Cheang to Premier Artwork on Blockchain Platform MakersPlace

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The artwork will be available on the MakersPlace platform on October 8 starting from 20:00 UTC. It will be digitally stamped with a signature by Cheang. Well-known Taiwanese-American artist Shu Lea Cheang will premier her artwork on the blockchain-platform MakersPlace. This will allow her fans to purchase and trade her work through the blockchain, in turn earning her income. “Having an artist such as Cheang joining the crypto art space, “speaks volumes” to the growth and maturity of rare digital art,” Makersplace CEO and co-founder Dannie Chu told CoinDesk. The…

Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report

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Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017. “So, doubling that time frame for maturation could get the price toward $100,000 in about five more years,” he said, in Bloomberg’s Crypto Outlook report for October. “Most demand and adoption measures indicate bitcoin is more likely to stay on its upward path.” McGlone observed how that a…