Day: November 13, 2020

Whatโ€™s Next for Market Players?

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Cryptocurrency exchanges emerged in 2010, attracting a limited number of tech geeks. โ€œThese platforms werenโ€™t called โ€œexchangesโ€ at the time,โ€ said Alexander Iurev, a founder at crypto software developer iCoinSoft . โ€œMany of these pioneer trading solutions were hacked quickly, losing millions of investorsโ€™ dollars and, consequently, their trust.โ€ These early attempts, however, later stimulated the development of the crypto industry. Some larger market players spotted an opportunity and launched their own exchanges. Theyโ€™ve been paying more attention to legal requirements and cybersecurity while trading digital assets. As a result,…

Snap AR Technology to Contribute to 20% Ad Growth in 2021, Stock Jumps 7%

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Snap has been pulling in gains in the last twelve months. MarketWatch analysis showed that the company had grown 189.10% over the past year. On the 12th of November, Snap Inc (NYSE: SNAP) stock jumped nearly 7% in reaction to the news on the companyโ€™s augmented reality (AR) to contribute to ad growth in 2021. CNBCย notedย that Snap reality strategy relates to e-commerce and is poised to pull in 20% growth in online advertising in the coming year.ย  With Snapโ€™s AR technology, Deutsche Bank AG (NYSE: DB) has acknowledged that the…

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ICO fines Ticketmaster UK Limited ยฃ1.25million for failing to protect customersโ€™ payment details

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The Information Commissionerโ€™s Office (ICO) has fined Ticketmaster UK Limited ยฃ1.25million for failing to keep its customersโ€™ personal data secure. The ICO found that the company failed to put appropriate security measures in place to prevent a cyber-attack on a chat-bot installed on its online payment page. Ticketmasterโ€™s failure to protect customer information is a breach of the General Data Protection Regulation (GDPR). The data breach, which included names, payment card numbers, expiry dates and CVV numbers, potentially affected 9.4million of Ticketmasterโ€™s customers across Europe including 1.5million in the UK.…

Top DeFi Coins SNX & AAVE Correct 10% as Bitcoin Moves Higher

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Top decentralized finance (DeFi) coins have dropped 5-10% over the past 24 hours despite Bitcoinโ€™s move higher. BTC now trades at new year-to-date and multi-year highs at $16,300 and may continue higher as the key supports in the $16,000 region are surpassed. While Bitcoin is up 3% In the past 24 hours, top DeFi names like Aave, Yearn.finance (YFI), and Synthetix Network Token (SNX) have dropped 5-10% in the past 24 hours. Ethereum is also down 2% in the past 24 hours, falling from the local highs around $475. Related…

Dow Jones Drops 300 Points on Fears of Slow Economic Growth with Increase of COVID-19 Cases

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The path to economic recovery looks bleak, delayed, and uncertain at this point as the daily COVID-19 cases continue to hit a record high in the US. Even the latest positive vaccine news has failed to hold up the market. On Thursday, November 12, the Dow Jones Industrial Average (INDEXDJX: .DJI) dropped 300 points or 1% closing at 29,080 levels. The recent Dow Jones drop comes amid concerns regarding the health of the economy and the rising COVID-19 cases. During the day trading, DJIA dropped nearly 500 points, however, managed…

Bitcoin & Ethereum Analysis (TA & On Chain)

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DIS Stock Up 3% After Hours as Disney Reports Better Than Expected Q4 Results

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During the past three months, Disney reported 73 million paid subscribers for its streaming service, Disney+. Shares of the media giant the Walt Disney Company (NYSE: DIS) popped over 3% to trade around $139.98 during Thursdayโ€™s after-hours trading session after the company reported better than expected Q4 results.ย During the past three months, Disney reported 73 million paid subscribers for its streaming service, Disney+. Notably, the company also posted a smaller-than-expected loss for the previous quarter. Disney reported a loss of 20 cents per share on revenue of $14.71 billion. Analysts…

Apple Hits Refresh Button with Its macOS 11 Big Sur Design

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The latest macOS update aka Big Sur aims to bring a unified user experience across all Apple devices by merging the functional elements of apps and tools on the iPhone and iPad. Earlier this week, Apple Inc (NASDAQ: AAPL) unveiled its next-generation MacBook devices with its native silicon M1 chipsets at the โ€œOne More Thingโ€ event. This is one of the biggest transitions as Apple will be making in-house chipsets for the first time. Along with it, Apple also unveiled the macOS 11 Big Sur update โ€“ the latest operating…