Business

  • The Holy Grail for DApps Moving Beyond Buzzword Status

    Decentralized apps (DApp) continue to be a major focus point for developers in the crypto space. However, 2019 ended with DApps still far off from reaching their much-touted potential of being the “future of the internet.” DApp projects in 2019 continued to suffer from their usual issues like poor user retention and the difficulties of navigating user interfaces (UI), among others. While some projects boast market capitalizations north of $100 million, they fail to attract more than a handful of daily users. In the early weeks of 2020, some analytics firms dedicated to monitoring the DApp ecosystem have released reports summarizing the performances of DApp developers and projects in 2019. These reports paint a similar picture for the decentralized apps ecosystem with significant increases in on-chain transactions and new projects without any corresponding improvement in user statistics. Also troubling is the trend of the high DApp turnover rate with as many new projects appearing as those being decommissioned. While such trends might appear common for nascent technologies, DApps will require some staying power to present themselves as viable applications of…

    Jan 26, 2020
  • Are other CEOs vulnerable to attack? |

    It has widely been reported that Amazon CEO Jeff Bezos’ iPhone was hacked, but does that mean other CEOs could face the same sort of attack? The short answer is yes, because anyone and everyone is at risk from a similar sort of hack, including both iPhone and Android users. However, the risk may be even greater for public figures like CEOs of major companies. In addition to being CEO of Amazon, Bezos also owns The Washington Post, which places him in the news industry as well. Details about Jeff Bezos’ iPhone hack News reports indicate that Jeff Bezos’ iPhone hack occurred when he received what appeared to be an innocent message from Saudi Arabia. He received a video file that contained malware which gave hackers access to all of the files that were on his smartphone. Given that Bezos is the world’s richest person and the CEO of a major U.S. corporation, it comes as no surprise that he would be a target, but you don’t have to be rich and famous to become the target of hackers. …. The…

    Jan 26, 2020
  • ArcBlock (ABT) dApp Platform Launches Token Swap Service and Asset Chain 

    ArcBlock (ABT), a distributed ledger technology (DLT) platform that enables developers to build custom blockchains and decentralized applications (dApps), has announced the launch of its bidirectional Token Swap service and Asset Chain for its native ABT altcoin. The team says the ArcBlock Token Swap and Asset Chain adopts the “grayscale” release system, according to a blog post on January 24, 2020. ArcBlock Unveils Token Swap System  In a bid to strengthen the security of its dApp development platform and protect users’ digital assets from bad actors, ArcBlock has decided to roll out its Token Swap and Asset Chain service using the grayscale deployment method. Explaining the reason behind its decision to adopt the grayscale deployment method, the ArcBlock team said: “This method has been widely adopted in Internet services, but in the past, the blockchain ecosystem has rarely heard, or used this release system. We believe that companies like Baidu, who are mature advanced technology firms, can be learned from and used in a new generation of blockchain services.” The Grayscale Deployment System ArcBlock says the grayscale release method ensures…

    Jan 26, 2020
  • Altcoins on Track to Plunge By 10%, Yet This Crypto Could Rally Higher

    Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader. Related Reading: XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How According to a prominent cryptocurrency trader, the time for altcoins to outperform Bitcoin is likely up, looking to a number of bearish chart formations. Altcoin Crisis: Top Crypto Assets Likely to Fall Cryptocurrency trader Mr. Chief recently noted that he doesn’t “see anything bullish about these major altcoins,” specifically looking to the charts of three altcoins against Bitcoin. These altcoins are Ethereum, Litecoin, and Stellar Lumens. For ETH, he noted that the cryptocurrency has broken below a key resistance after last week’s rally, and is looking to fall by just under 10% against BTC. For LTC and XLM, the trader pointed out that the cryptocurrencies are on the verge of falling below a pennant formation…

    Jan 26, 2020
  • Hawaii Bill Would Allow State’s Banks to Provide Crypto Custody

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte           Hawaii’s Senate is now considering a new bill that would allow the state’s banks to provide digital asset custody services. The bill was introduced a week ago, received its first reading on January 21, and has now been referred to two committees: Consumer Protection and Health, and Judiciary and Commerce. The bill, introduced with the backing of five state senators, defines custodial services and establishes the requirements for banks that want to provide those services to their customers. Those services include management of customer digital assets, fund administration, and executing instructions from customers. To qualify, banks will need to meet standards for internal controls, accounting, and IT best practices. In addition, they will need to ensure that their custody and management of digital assets can comply with all relevant anti-money laundering and KYC standards. The bill is also notable for its attempt to provide a more uniform legal status for the assets in question. If…

    Jan 26, 2020
  • Ethereum’s monetary policy might always be behind Bitcoin |

    With Bitcoin gaining more importance in the current market, certain centralized institutions fear that Bitcoin‘s decentralized monetary policy might eventually take over and destabilize the authority or control major central banks wield. Bitcoin’s monetary policy has been discussed fervently for a while now, with many major assets trying to follow the path set by the world’s largest cryptocurrency. However, not many seem to be doing it with success as according to Dan Held, Director Of Business Development at Kraken Digital Asset Exchange, Ethereum, the world’s 2nd largest crypto-asset, has one of the worst monetary policies in the market. On the latest edition of whatbitcoindid with Peter McCormack, Held claimed that the major difference between Bitcoin and Ethereum’s monetary policies is the fact that ETH‘s monetary policy is more subjected to changes and alterations. Held believes that Ethereum’s monetary policy appeals more towards tech-driven individuals or engineers who like to ‘tinker, poke, and prod with things.’ The repetitive nature of its policies makes the protocol largely malleable, he said. Held added, “None of these engineers have really got a good grasp of economics or monetary policy. So Ethereum…

    Jan 26, 2020
  • A Stronger Foundation for Bitcoin ETF Applications

    One of the recurring themes in the digital asset markets across 2018 and 2019 has been the failure of multiple Bitcoin (BTC) exchange-traded fund (ETF) applications to gain the approval of the United States Securities and Exchange Commission. Each new application was met with anticipation, only to be dismissed for the same reason: concern over how the ETF would derive its price, whether this price could be manipulated, and if the listing exchange could adequately meet section 6(b)(5) of the Exchange Act. This section states, in part, that: “The rules of the exchange are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade…” (17 USC 78f (b)(5)). Related: A Brief History of the SEC’s Reviews of Bitcoin ETF Proposals The common thread between all of these applications was a plan to create the reference price — the price, at which assets are valued and benchmarked — from retail exchange data. For example, the Winklevoss Bitcoin ETF’s reference price was to be based on the results of the Gemini retail exchange’s daily auction…

    Jan 26, 2020
  • PS5 and Xbox Series X Will Hit a Graphics Dead-End

    The PS5 and Xbox Series X will be with us by the end of the year. While previous generations have meant an increase in graphical fidelity, gamers have been warned not to expect that this time. Graphics shouldn’t be as important as visual design and mechanical improvements. The PS5 and Xbox Series X are going to be with us soon. That means a whole new bunch of games and an increase in how good our games look. At least, that’s usually what it means. While we’re sure to get a whole bunch of new games, a developer has warned to expect less of an update to the graphics. As we approach photo-realism, it seems more and more likely that consoles are going to hit a graphical brick wall. The Order 1886 looked great on the PS4, but don’t expect the PS5 to do all that much better. | Source: YouTube The PS5 and Xbox Series X Won’t Look That Much Better Than the PS4 and Xbox One Back in the early days of gaming, graphical improvements were massive. The jump…

    Jan 26, 2020
  • Sally Ho’s Technical Analysis 26 January 2020 BTC ETH

    Bitcoin (BTC/USD) rallied slightly early in today’s Asian session as the pair pushed higher to the 8346.97 area after bids emerged around the 8252.73 area during yesterday’s Asian session.  The pair’s recent move higher ran out of steam around the 8509.99 level, just below the 8522.91 area which is a technically-significant area related to the move higher from the 6430.00 area earlier this month.  The next downside level of technical support in this particular range is the 7723.00 area and the next upside level of technical resistance in this particular range is the 9169.41 area.  The technical significance of this 9169.41 area was established on 18 January after Stops were elected above this level, pushing the market to the 9194.99 area. One recent range that some traders are carefully monitoring is the move from 8791.76 to 8216.71.  The technical significance of this range was confirmed over the past couple of days when price activity traded just above the 8572.09 area three times, representing the 61.8% retracement of the range.  The next upside price retracement level in this range is the…

    Jan 26, 2020
  • President Trump Just Delivered A Death Blow to Amazon

    President Trump just issued landmark anti-counterfeiting regulations. The new customs framework addresses the problem of counterfeit goods. It will put Amazon on the hook for policing counterfeit goods. The Trump administration’s move fundamentally threatens Amazon’s operating cost structure and its long-term growth strategy. Amazon (NASDAQ:AMZN) has an existential challenge ahead. The Trump administration unveiled new rules to combat counterfeit and pirated goods Friday. The new policies, which were published by the Department of Homeland Security (DHS), will do what the courts have largely opted not to do: hold Amazon responsible for counterfeit goods. Inc. reports that: Global sales of counterfeits are growing at a furious 15 percent each year, and are projected to reach $1.82 trillion in 2020, with e-commerce making up more than a quarter of that, according to the Global Brand Counterfeiting Report. Amazon on the Hook for Counterfeit Goods The new Customs and Border Protection framework shifts the burden of responsibility to Amazon. Now warehouses and fulfillment centers, most notably Amazon, will be legally and financially liable. Jeff Bezos’ company will have to bear more of the…

    Jan 26, 2020
  • Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook’s Blockchain Loses Another Member

    Another week, another round of Crypto Tidbits. The past week hasn’t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week. Despite the negative price action, the past 7 days were arguably extremely positive for the cryptocurrency and blockchain space, with there being a flurry of developments that could eventually boost this market. Related Reading: Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum Bitcoin & Crypto Tidbits Tesla’s Elon Musk Talks Bitcoin and Crypto Again: While Elon Musk is known not to have a large stake in Bitcoin or cryptocurrency, when he talks about this industry, people listen. This week in an episode of the Third Row Tesla Podcast, the Telsa and SpaceX CEO shared his thoughts about digital assets. Starting his train of thought first with “clever” to “What did you think of Satoshi’s white paper?,” the Tesla visionary said that…

    Jan 26, 2020
  • Ahead of Earnings, Tesla Stock May Have Gotten Ahead of Itself

    With Tesla trading near record highs, is the stock getting ahead of itself? The recent run-up means Tesla shares are “priced for perfection” and could fall if the company fails to live up to expectations. As uncertainty remains, investors may decide to take profits ahead of earnings on Jan. 29. In recent weeks, Tesla (NASDAQ:TSLA) stock has been on fire. Shares in the electric vehicle maker have soared 33% this month alone. Since Jan. 2, TSLA shares have risen from $424.50 to $554.82 on Jan. 24. Tesla share performance since Jan. 2 | Source: Yahoo! Finance But with Tesla next releasing earnings on Jan. 29, is now the time to take profits? With shares trading for 102.7 times projected 2020 earnings, it appears the stock may have gotten ahead of itself. Based on Tesla’s market capitalization, the company is worth more than auto giant Volkswagen, which sells 30 times as many cars a year! Wedbush analyst Daniel Ives remains bullish. But UBS analyst Patrick Hummel reiterates his bearish position. What’s the verdict? Let’s dive in and see why uncertainty over…

    Jan 26, 2020
  • This Technical Formation Suggests Bitcoin Could Undergo a Violent Surge

    Bitcoin (BTC) has been caught within a bout of turbulent price action over the past several days and weeks, which is elucidated while looking at the wide trading range between $8,300 and $9,200 that it has been trading within for the past week. Although the sharp rejection at $9,200 last week did do some damage to the bullish market structure that has developed over the past several weeks, analysts are pointing to a falling wedge as a potential catalyst for a violent surge back to its local highs. It is important to note that the next major rally may not come about, however, until BTC taps a key support region that is roughly 10% below its current price level. Bitcoin Caught in Bullish Ascending Channel, But Drop to Support Could Be Inbound Currently, Bitcoin is trading down just under 2% at its current price of $8,350, which marks a notable decline from daily highs of $8,500 that were set yesterday afternoon when bulls attempted to push BTC back into the upper-$8,000 region. It does appear that the macro outlook for…

    Jan 26, 2020
  • Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion

    The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike. The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth Anti-Money Laundering Directive, or 5AMLD, was signed into law. The law is the latest evolution of the EU’s response to the Panama Papers scandal, in which a leak of over 11 million documents uncovered the opaque financial networks used by the world’s richest and most prominent individuals to divert wealth overseas. The era-defining financial scandal shone a light on a controversial characteristic of international finance that would soon spell trouble for cryptocurrency investors and businesses the world over: anonymity. Lawmakers are constantly striving to tighten the legal loopholes that allow the world’s richest companies and individuals to avoid paying their dues. Try as they might, there are still states, often small island nations in the Caribbean, that willingly provide less legally restrictive environments. Choosing…

    Jan 26, 2020
  • Crypto Giant Binance Pledges $1.5m to Help Chinese Coronavirus Victims

    Over the past few weeks, a virus in the coronavirus family (same family as the common cold, SARS, MERS, etc.) has started to circulate the globe. This novel coronavirus (2019-nCoV) originated in China, specifically in the Chinese city of Wuhan and seemingly due to infected animals being sold at a local market. The virus has thus far infected 1,400 individuals, official numbers state, with cases existing mainly in China though starting to spread to the U.S., France, Malaysia, Singapore, and beyond. Although these numbers may seem small, reports indicate that hospitals in Wuhan are being overrun due to the influx of cases and those believing they are sick with this coronavirus. Independent videos published to social media, in fact, say that there is a shortage of masks and other protective materials, along with too few doctors. Thus, the world has sprung into action, attempting to support the victims. Crypto Giant Binance to Support Coronavirus Outbreak Changpeng “CZ” Zhao, the Chinese-Canadian businessman that heads the world’s largest crypto exchange Binance, revealed in a tweet published minutes ago that his company has…

    Jan 26, 2020

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