Day: October 14, 2020

SoftBank Pours $215M in Gamified E-Learning Platform Kahoot

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SoftBank acquired nearly 10% in the Norweigen ed-tech startup Kahoot that offers a gamified e-learning experience to users. The platform has seen massive growth in 2020 and plans to go public by the next year. With the coronavirus pandemic shutting schools and colleges across the world e-learning ed-tech platforms have gained huge momentum. On Tuesday, October 13, SoftBank made a $215 fresh investment in Oslo-based education startup Kahoot. Reportedly, SoftBank acquired a 9.7% stake in the company by buying 43 million news shares at $5 per share. Kahoot said that…

Chainlink (LINK) Still Looks Good Despite Loss of Upward Momentum

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Chainlink (LINK) has been one of the fastest-rallying coins over recent weeks. The leading Ethereum-based cryptocurrency underwent a strong bounce from its $7.75 lows to a recent high just shy of $12. This meant that from the lows, Chainlink gained over 45%, making it one of the top-performing coins from the September lows. LINK has dropped slightly from its highs. The coin now trades at $11 as of this article’s writing, just over 5% below the recent local highs. Analysts think that Chainlink still has upside from here despite the…

AMZN Stock Retesting ATH, Strikes at Amazon in Germany

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It is reported that Amazon workers from German cities of Leipzig, Bad Hersfeld, Rheinberg, Werne, Graben and Koblenz are due to take part in the strike. Amazon.com Inc (NASDAQ: AMZN) stock is facing possible volatility during its annual Amazon Prime Day. This is primarily because an unknown number of Amazon employees in Germany have taken to the streets demanding better pay, better working conditions and respect at work. AMZN stocks closed yesterday trading at $3443.63 and were 0.44% up during Wednesday’s premarket. Notably, Amazon stocks were $100 shy of their…

Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

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Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale. According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin. Putting Grayscale’s “sun” in the shade Asset management giant Grayscale remains the largest BTC player with 449,596 BTC ($5.14 billion) under its control, followed by CoinShares’ 69,730 BTC ($797 million). MicroStrategy, the firm which made waves when it announced it had moved to adopt a “Bitcoin Standard,” has 38,250 BTC ($437.1 million). In fourth…

Matthew Finestone: Ethereum-Enhancers Not Ethereum-Killers

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Ethereum’s popularity has congested the network like never before, and scalability is top of mind. Historically, and still today, many look beyond Ethereum for more scalable smart contract platforms. However, the most interesting scaling battles are being waged above Ethereum on Layer 2s (L2), not besides Ethereum on Layer 1s.  One specific flavor of Ethereum L2 scaling solutions, Zk-rollups, are live and flourishing today (rollups bundle transfers into single transactions). So much so that many leading community members support simplifying Ethereum’s Eth2 upgrade to focus on a rollup-scaled ecosystem. With…

New Apple HomePod Mini Released at Apple Event, Price Will Start at $99

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The new Apple HomePod Mini has a SIRI intelligent that makes it super easy for anyone to use and connect with other Apple devices. Apple Inc (NASDAQ: AAPL) unveiled a couple of new devices during the October 13 Apple Event, among them was the new HomePod Mini. The new Apple HomePod Mini is a combination of cutting edge technology with such a simple and elegant design. The company expects the new HomePod Mini to compete with other brands in the sound entertainment industry like the Amazon Echo from Amazon.com Inc (NASDAQ:…

Charted: Ripple (XRP) Price Could Rally 10% If It Clears $0.26

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Ripple remained in a positive zone above the $0.2500 support against the US Dollar. XRP price is likely to rally further if it clears the main $0.2600 resistance. Ripple started following a nice bullish path above the $0.2450 resistance against the US dollar. The price is now trading well above $0.2500 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2550 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally 5%-10% if it clears…

Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration

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Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX operators also insist that it is very unlikely the DEXs’ liquidity would surpass their own liquidity in 2 years’ time. The comments by operators of CEX platforms come at the time when traded volumes on DEX applications are increasing courtesy of the rapidly growing Defi ecosystem. Underlining this growth is Uniswap’s monthly trade volume which…

iPhone 12 5G Is Finally Here, AAPL Stock Slides 3%

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The iPhone 12 brings the much-awaited upgrades in terms of design and features a wide range of next-generation 5G carriers supported across the globe. Analysts say that iPhone 12 will help Apple usher the next growth cycle. On Tuesday, October 13, Apple Inc (NASDAQ: AAPL) finally pulled the cover over its latest flagship smartphone iPhone 12 with the next-generation 5G technology. As expected, the iPhone 12 comes in four different variants starting with the “mini” version. All of the iPhone 12 versions feature flat design packed inside the aerospace-grade aluminum…