Day: November 23, 2020

Ethereum Faces “No Resistance” Until $800, Signaling Its Rally is Just Starting

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Ethereum has been struggling to break above $600 throughout the day, with the selling pressure proving significant. Each break above this level has caused it to see inflows of selling pressure that have slowed its growth and caused it to see slight rejections at this level. It is important to note that bulls are still firmly in control of the aggregated market, and Ethereum’s mounting momentum is unlikely to end anytime soon while Bitcoin and the entire altcoin market rests firmly in buyers’ control. One trader is noting that $600…

Merck Seals $425M Buyout Deal with OncoImmune for COVID-19 Drug

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The deal with OncoImmune will see Merck take up the ownership of CD24Fc with additional payment made to OncoImmune based on future favorable regulatory approvals associated with the drug. American multinational pharmaceutical company Merck & Co Inc (NYSE: MRK) has inked a $425 million deal with OncoImmune, a privately-held, clinical-stage biopharmaceutical company based in Rockville, Maryland. Per the official announcement, the deal will see Merck acquire the outstanding shares of OncoImmune with a primary focus on supporting the mass production of the latter’s novel COVID-19 treatment drug dubbed. The COVID-19…

Tesla Stock Up 7% as Analysts Are Raising Price Target for TSLA Shares

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On Friday, Tesla stock closed at $489.61, or 9.66% down. Today, at the time of writing, TSLA stock is 7% up, trading at $524.11. Tesla Inc (NASDAQ: TSLA) stock has recently received another price target upgrade. Analysts at Morgan Stanley (NYSE: MS) and Wedbush Securities have reviewed their estimates following the carmaker’s great performance. As a result, Tesla shares are in the green. Besides, Tesla stock has hit a new all-time highest closing price of $499.27 on November 19. Morgan Stanley analyst Adam Jonas has updated the price target for…

Data Mining y PLN

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io En este vídeo te aclaramos conceptos como el Data Mining y su relación con el Procesamiento del Lenguaje Natural (PLN), además de Text Mining, Natural Language Understanding, Natural Language Generation. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Blockchain Bites: XRP’s Rally, Chainalysis’ $1B Valuation, Bitcoin’s Volatility in Perspective

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The U.S. government is using Circle’s USDC to bypass Venezuelan blockades. Chainalaysis is looking to raise $100 million in fresh capital at a $1 billion valuation. Billions of dollars from institutional players are flowing into Coinbase. And VanEck found that bitcoin is less volatile than a quarter of S&P500 stocks, reigniting the case for a bitcoin ETF.  Top shelf Injecting “stability”An unnamed U.S. government agency has enlisted dollar-backed stablecoin provider Circle and P2P payments startup Airtm to support Venezuelan politician Juan Guaidó’s bid for office. The plan is to distribute…

Poolin, BTC.Com Joins F2Pool in Support of Bitcoin’s Taproot

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Poolin, BTC.com, and Slushpool have joined F2Pool in support of Taproot. The upgrade will introduce scaling and privacy features in Bitcoin. They are now listed on the “Taproot-Activation” website. Poolin Okays Taproot In a tweet on Nov 18, Poolin officially signaled their support for Taproot.  The upgrade will be through a soft fork as it is non-contentious. At the time of writing, a majority of miners have expressed their support. Their combined hashing rate exceeds 45 percent.  For the proposal to sail, miners controlling over 51 percent of the Bitcoin hash rate (computing…

Exchange outages and trader outrage

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Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders. Between March and November 2020, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer impact is somewhat unclear in some of the instances. The issues seemingly range in their degree of severity.…

US Fed researcher says CBDCs should beat Big Tech payments on privacy protection

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Cash usage has lost a ton of ground to digital payments as the pandemic has changed the way people transact worldwide. Some experts have recently argued that central bank digital currencies could solve the problem of leaving that payments data in the hands of major tech platforms. In a blog post published Monday morning, Federal Reserve of New York researcher Michael Lee and University of California Santa Barbara economics professor Rod Garratt expounded on a paper they released earlier this month.  The authors point to tech firms’ troubling usage of…

Too Embarrassed To Ask: what is bitcoin?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If you travelled 20 years into the past and asked someone if they would invest in a non-tangible, highly volatile, currency that’s powered by blockchain, they would likely look at you as if you were crazy then kick you out of their office. But this is reality. So, what exactly is bitcoin? ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Ethereum-based market platform unveils a new DAO

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Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own Decentralized Autonomous Organization, or DAO, called GnosisDAO. “This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy, bringing governance to the coming internet of value,” according to a Monday public statement sent to Cointelegraph. In addition to its prediction markets wing, Gnosis has a multisignature, or multisig, Ethereum-based digital asset storage platform. GnosisDAO involves Gnosis’ prediction markets and its multisig wallet…