Day: March 5, 2021

Square (SQ) Shares Drops 7% after News of Jay-Z’s Tidal Acquisition

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Square’s hardware lead Jesse Dorogusker is set to assume the role of interim head of Tidal and Jay-Z will be joining the board of Square Inc (SQ). American financial services and mobile payment company, Square Inc (NYSE: SQ) announced its acquisition of Tidal, a high-definition audio and video streaming service bought by Jay-Z and other artists back in 2015. Per the terms of the purchase, the payment firm, led by Jack Dorsey will be paying $297 million in cash and stock for a “significant majority ownership stake.” The other owners…

Cardano (ADA) Death Cross Spells Worries Despite Bullish “Mary” Fork

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Cardano (ADA/USD) bounces off a critical support trendline during the Asia-Pacific trading session Friday. The blockchain asset expects to close above key moving average waves on the prospect of turning into a multi-asset chain following its hard fork on March 1. Nonetheless, a death cross formation offsets the probability of more price legs higher. Levels to watch A sell-off in the Cardano market Thursday brought its benchmark instrument ADA/USD down by more than 11 percent. The pair touched a week-to-date low of $1.02, about 31 percent lower than its record…

ICO fines firms for sending more than 2.7 million spam text messages during the pandemic

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Two separate companies that sent nuisance text messages during the Covid-19 pandemic have been fined a total of £330,000 by the Information Commissioner’s Office (ICO). Messages from one of the firms prompted a record 10,000 complaints. Leads Works Ltd The ICO has fined West Sussex-based Leads Works Ltd £250,000 for sending more than 2.6 million nuisance text messages to customers without their valid consent. The messages, sent between 16 May and 26 June 2020, resulted in over 10,000 complaints. Andy Curry, ICO Head of Investigations, said: “The number of complaints we’ve…

Will Apple Follow Major Tech Corporations In Emracing Bitcoin?

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Currently, Apple tries to explore the crypto space and implements very measured steps. Notably, many analysts agree that Apple should invest in BTC or even create its own crypto exchange.  Tech giants like Microsoft Corporation (NASDAQ: MSFT), Facebook Inc (NASDAQ: FB), Tesla Inc (NASDAQ: TSLA), to name a few, are actively embracing the fast-growing crypto industry. For example, last year, Microsoft launched an Identity Overlay Network (ION) built on the Bitcoin (BTC) blockchain and filed a patent for a crypto mining system powered by human activity. Amazon.com Inc (NASDAQ: AMZN), which was…

Pundi x Price Prediction 2021 NPXS Token Coin Cryptocurrency Pundi x News Today

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Ripple Pilots CBDCs Private Ledger

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Ripple mentions that the Private Ledger will ensure secured and fast transactions at low-costs. Payment protocol Ripple is piloting a private version of the public and open-source XRP ledger for the issuance of central bank digital currencies (CBDCs). The payment protocol announced its plans to pilot the private XRP ledger to service central banks on the issuance and management of digital currencies in a blog post on the 3rd of March. Over time, several central banks have been working on creating central bank digital currencies. Ripple noted in the announcement that 80%…

Polkadot’s Gavin Wood to Give Lecture Series as Part of UC Berkeley Blockchain Curriculum – Blockchain Bitcoin News

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University of California, Berkeley and Parity Technologies are joining forces on several blockchain fronts, including educational development and awareness, by leveraging Parity’s expert team and the Substrate framework as knowledge-building resources. UC Berkeley Blockchain Xcelerator Partners with Parity to Promote Blockchain Adoption To bring more resources to the University of California, Berkeley community and Blockchain Xcelerator, Parity Technologies and the academic institution are expanding existing ties by forming a resource-rich educational framework for the 2020-2021 academic year. This deepening cooperation follows Berkeley Blockchain Xcelerator’s existing familiarity with Parity and Polkadot…

Record GBTC discount may spark $100K Bitcoin price rise — analyst

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Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium “could signal march to $100,000” As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their…

IOST Partners With Polkadot for Cross-Chain Interoperability Breakthrough – Press release Bitcoin News

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press release PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog post on 5 March 2021. IOST Joins Forces with Polkadot In a bid to make its decentralized solutions available across multiple blockchains, promote trust and data sovereignty for users, IOST, the Proof-of-Believability smart…

Bitcoin Mining Explained | What Is Bitcoin Mining? | Bitcoin Mining Tutorial | Simplilearn

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this Bitcoin Mining Explained video, we’ll tell you everything you need to know about this very interesting concept. We’ll talk about Blockchain, Bitcoin, what bitcoin mining is, how it works and much more. We’ll also talk about it with the help of a use case for greater understanding. So without further ado, let’s jump right in! ✅Subscribe to our Channel to learn more about the top Technologies: ⏩ Check out the Blockchain training videos: #BitcoinMining #BitcoinMiningExplained #WhatIsBitcoinMining #BitcoinMiningTutorial #BlockchainTutorialForBeginners #Simplilearn Simplilearn’s…