Business

  • 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
  • Boeing Stock Has a Much Bigger Problem Than the FAA

    Boeing (NYSE: BA) stock rallied sharply off its daily lows on Friday as the FAA cited a more optimistic timetable for the 737 MAX’s return. Surprising investors, this change of tone comes after a tumultuous week where even President Trump attacked the company. Despite the good news, the consumer and not the government will decide the long-term outlook for BA. Boeing stock recovered sharply on Friday to close the week on a positive note as the FAA called U.S. airline executives to inform them the 737 MAX could be set to return to service sooner than mid-year. Unfortunately for enthusiastic BA bulls, pleasing a federal agency is going to be a cakewalk compared to winning back the public’s trust. Boeing Bulls Revel In FAA’s 737 MAX Optimism It was undoubtedly strange timing for a headline, as the FAA’s more generous timetable for Boeing’s infamous jet’s return to the skies hit newswires late in the session on Friday. Just a few days ago, U.S. Secretary of Transportation, Elaine Cho, said there was no timetable for the 737 MAX. While it is…

    Jan 26, 2020
  • Hideo Kojima Was Born to Make Indie Games

    Hideo Kojima sat down recently for an interview with Famitsu. He said he wants to work on smaller games. That might be the perfect medium for a storyteller like him. A recent interview with Famitsu reveals that, fresh off the release of Death Stranding, Hideo Kojima and Yoji Shinkawa are already preparing for a wide array of future projects: a possible manga, an anime feature, a full-length movie, and of course, more video games. Details remain slim, but Kojima teased one more “big” game coming out of his studio. Even better, he said that Kojima Productions plans to take a swing at smaller games too. Hideo Kojima Would Be a Perfect Indie Developer For Kojima, working on smaller games may be for the best. | Source: PlayStation/Kojima Productions Hideo Kojima may be adept at producing blockbuster titles, but he was born to be an indie developer. He already creates quirky games, and a storytelling genius like him must have notebooks full of amazing ideas. If Kojima tried to transform all of those ideas into big-budget, AAA games, virtually none of…

    Jan 26, 2020
  • Bitcoin is the Only Asset With “Sharpe Ratio” More Than 1: PlanB

    Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into consideration the returns of holding a risk-free asset, compared to holding a riskier asset with higher returns. In this case, a risk-free asset is considered something like a US treasury T-Bill, which is backed by the full faith and credit of the US government, along with the world’s largest economy. The Sharpe ratio is the difference between the returns of the higher-returning, more volatile assets when compared to the risk-free, much lower returns of a safer asset like US T-Bills. It is important to note that Sharpe ratios only measure the returns based on the amount of risk and the ratio doesn’t actually measure the volatility of the underlying asset itself. #Bitcoin is the only asset with a “Sharpe ratio” > 1 (return>risk)! Classic asset…

    Jan 26, 2020
  • Crypto Market on the Brink of Immense Bearishness if Bitcoin Loses This Key Level

    Although the past few weeks have proven to be highly bullish for Bitcoin (BTC) and the aggregated crypto markets, it is important to note that the local highs set by most major digital assets are looking increasingly like mid-term tops, and bears are slowly regaining control over the markets. It does appear that most major cryptocurrencies have formed an incredibly close correlation with Bitcoin over the past several days, which means that where the crypto trends next will likely determine the state of the entire market moving forward. This comes as BTC faces some turbulence, with one analyst noting that it is hovering above a key level that, if broken below, could lead to major losses. Bitcoin Guides the Crypto Markets as Weakness Grows  At the time of writing, Bitcoin is trading down just under 2% at its current price of $8,350, which marks a notable decline from its daily highs of nearly $8,600 that were set yesterday when bulls attempted to spark a rally. The rejection from this level and inability for bulls to catalyze and sustainable momentum has…

    Jan 26, 2020
  • Here’s How XRP Could Derail Ripple’s IPO Plans

    The crypto industry was surprised to hear reports that Ripple CEO Brad Garlinghouse is considering taking the fintech company public in the near future, with many analysts speculating as to how this couple impact XRP. The news regarding their intent to eventually conduct an Initial Public Offering (IPO) isn’t too shocking while considering their recent $200m Series-C funding round, but it is being viewed by investors as a bearish thing for XRP. It is important to note, however, that XRP’s close ties to the company may actually be the sole thing that stops Ripple from listing on the public markets, due to the lack of clarity on the token’s potential status as a security. Ripple Muses Possibility of an IPO as Investors Cry Foul During a discussion at the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse told the Wall Street Journal that Ripple will be on the “leading side” of blockchain companies that go public. “In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going…

    Jan 25, 2020
  • Greatest Promise Is to Transform the Developing World

    The biggest topic in the mobile industry over the last few years has been 5G. In an industry that has been starved for innovation in this interregnum between the launch of the iPhone and the full-scale integration of next-generation technologies like augmented reality, artificial intelligence and blockchain, the introduction of the 5G network has become a sort of catch-all for carriers and handset manufacturers to lean on as the promise of the future of innovation being just around the corner — a feature worth paying a premium for and upgrading that smartphone you bought just a year or two ago.  Related: The Implications of Fusing 5G and Blockchain Qualcomm President Cristiano Amon has recently declared that 2020 would be the year 5G goes mainstream, predicting approximately 200 million 5G smartphones will ship next year. Amon also suggested that:  “5G [would] become broadly available across major metropolitan areas in 2020, then spread thoroughly throughout developing countries in 2021.”  While this year might be an important one for carriers and smartphone manufacturers to sell the latest model of the iPhone or Samsung…

    Jan 25, 2020
  • Litecoin’s Charlie Lee Proposes Miner Donations

    A 1% donation of the block reward to fund Litecoin (LTC) development – this is what Charlie Lee, the coin’s founder, proposes as a solution to underfunded initiatives. Litecoin Miners May Afford to Support Development with 1% Fee Litecoin miners, which also take rewards for Dogecoin and other Scrypt-based algorithms, can afford to share some of their block rewards, commented Lee. 1/ I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year! — Charlie Lee [LTC] (@SatoshiLite) January 24, 2020 The Litecoin Foundation, one of the most prominent development entities, has gone through funding deficits, seeking other ways to survive the effects of the bear market. The suggestion somewhat angered the community, as mining has been an unrestricted and voluntary activity. Rewards remain for the miner, and any attempts to take a part of the reward have caused discontent. Litecoin has started without a…

    Jan 25, 2020
  • Bosch Files a Patent for Digital Payments on IOTA » The Merkle Hash

    Patent filings pertaining to blockchain technology tend to generate a lot of buzz. Bosch, a well-respected company, is now filing a patent for a digital payment system on IOTA. Most people know that IOTA uses different technology compared to other cryptocurrencies. Another IOTA Patent Filing Appears The Tangle has proven to be of great interest for various companies. Bosch is one of those firms effectively filing patents for projects built on top of IOTA. This new filing primarily focuses on building a digital payments system. That is an interesting option, as Bosch is a well-known manufacturer of various pieces of hardware. Exploring payments in between such devices would be a great boon for the IoT industry.  As far as patents involving IOTA are concerned, over 110 filings have been recorded to this date. It is evident that the developers of this project are checking  a lot of the right boxes for onlookers. How all of this will affect the ecosystem as a whole, remains an unanswered question. When targeting the IoT industry, it is often a waiting game before anything…

    Jan 25, 2020
  • Coinbase Holds $8 Billion Bitcoin

    A blockchain data mining company claims to have cracked Coinbase’s cold wallet system to conclude they hold nearly 1 million bitcoin, some 5% of the total supply. “Coinbase has constructed a cold wallet library composed of many 8,000 ~ 10,000 BTC addresses,” they say. With this already assumed as there’s an unusual number of “perfect” 10,000 BTC addresses and even more of ₿5,000, but what is astonishing is their hot wallet system. “Coinbase’s hot wallet is very interesting. Unlike other exchange’s hot wallets, which are a fixed address or several fixed ones, Coinbase’s hot wallet is a one-time use,” says Li Ye, technical lead at Chain.info. Most exchanges keep all their coins in one cold wallet address, with extreme measures then taken to protect the private key of that address. Coinbase probably Shamir chops the private key and then chops the cold wallet itself into many addresses and then perhaps sends it off to some Swiss bunker. The hot wallet bit however is a finding because it suggests they must be using a very complex and sophisticated system to keep…

    Jan 25, 2020
  • The Real Reason PewDiePie Quit? His Fans Are Unbelievably Annoying

    PewDiePie is relaxing in Japan after taking a break from YouTube. Meanwhile his editor made this candid remark, “PewDiePie fans are actually the most annoying fans ever. I love them but they’re so annoying.” Earlier this month, I got swarmed by annoying PewDiePie fans for roasting Felix in a farewell op-ed. It was exhausting. PewDiePie has been spotted on Instagram enjoying his time off in Japan with his wife Marzia. He said last year he’s thinking about moving there permanently. Good to see Pewds is getting some rest after putting up with his fans for years. The day after he uploaded his last video and called it quits for the time being, his editor couldn’t help but admit to the press that the fans were getting to him. In an interview for Metro, PewDiePie editor Sive said: The fanbase is big, I do feel some pressure but at the same time I try my best! People DM me, telling me I should be replaced. I’ve had people tell me, ‘You should be executed.’ PewDiePie fans are actually the most annoying…

    Jan 25, 2020
  • 3 Strange Reasons to Be Bullish on Netflix Stock

    There are plenty of conventional reasons right now to be long Netflix in 2020. Subscriber growth. Content. Binge time. But there are some stranger things boosting Netflix stock this year: The Wuhan coronavirus, global warming, and Tesla. Netflix (NASDAQ:NFLX) stock is hot again after beating Wall Street expectations for subscriber growth in the fourth quarter. NFLX price had stalled over the past week. But it surged Thursday when Comcast announced an exponential drop in streaming content subscribers. Helping the rally along, Netflix reported this week that it added 8.76 million subscribers worldwide in quarter four. Global subscriber growth crushed expectations. Last quarter, investors and Netflix short sellers doubted the company’s prospects. Because a flood of competitors like Apple and Disney entered the streaming market. But Netflix remains unscathed so far. And binge time per subscriber grew in the fourth quarter as well: The average Netflix subscriber watched more Netflix this fourth quarter, both globally and in the U.S., than in the same quarter a year ago. This blasted a wide hole in the thesis that on-demand video consumers would watch…

    Jan 25, 2020
  • Litecoin Creator Proposes Miners Voluntarily Donate 1% for Development

    Litecoin (LTC) founder Charlie Lee proposed mining pool donations as a new funding method for cryptocurrency development.   “I think a better way to fund development is mining pools voluntarily donate a portion of the block reward,” Lee said in a tweet on Jan. 24, adding: “How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!” With 1% donated on a consistent basis, Lee’s suggested solution would provide enough funding for Litecoin permanently going forward, Lee confirmed to Cointelegraph. He explained: “At current LTC price, 1% of block rewards is about 7x Litecoin Foundation’s yearly expenses. Even if a small percent of miners are generous enough to donate, the foundation would be able to put it to good use by funding developers to work on Litecoin Core, Mimble Wimble, LiteWallet, LN wallet, hosting the yearly Litecoin Summit, and pushing for adoption of Litecoin by merchants and users.” Lee also confirmed such donations are voluntary, adding, “It wouldn’t be right if it wasn’t voluntary.”  Funding…

    Jan 25, 2020
  • Could Ethereum Hit $1 Trillion? Analyst Says Over 1,000% Rally Possible

    While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today.  Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% Despite this jaw-dropping gain in and of itself, investors in the cryptocurrency believe it will go higher. So much higher than one analyst laid out a case for the cryptocurrency’s value to surge to $1 trillion, 13 digits. For some perspective, a trillion-dollar Ethereum market capitalization at current price levels would equate to about a $9,000 ETH price, with the current supply in mind.  The cryptocurrency reaching such lofty prices would require it to rally by over 5,000%. Crazy, right? Could Ethereum Really Hit $1 Trillion? In a January edition of the bankless newsletter published by Ethereum investor Ryan Sean Adams, a case for a 13-digit ETH market cap was laid out by Lucas Campbell of DeFi Rate. The supporting evidence for this case was largely tied to economic bandwidth,…

    Jan 25, 2020
  • CV Summit United Blockchain Leaders and Enthusiasts in Davos

    If you wanted to go deep on blockchain at the World Economic Forum, you needed to attend the conference’s unofficial side events. Perhaps the largest of these crypto-friendly events was CV Summit, an all-day conference organized by CV Labs. The Switzerland-based organization (operated by CV VC) endeavors to offer crypto entrepreneurs whatever resources they need to succeed, from fundraising help to coworking space. On Thursday, January 23, that meant offering a full agenda of speakers and panel presentations to crypto-hungry Davos attendees. The docket was loaded with speeches by high-profile crypto people, from MakerDAO’s Rune Christensen to IOHK’s Charles Hoskinson and many more. The day’s events were hosted by Daniel Ramamoorthy, and panelists picked apart topics like the hype versus reality of digital assets, how corporations can benefit from tokenization, how different jurisdictions regulate their crypto industries, and beyond. CV Summit had the vibe of a day-long TedX event devoted to crypto. This was the event’s third year, and we learned that its first edition was a small, casual crypto meetup. It’s clear that they’ve gained a lot of momentum…

    Jan 25, 2020
  • The Dark Side of Becoming the ‘Next Bitcoin’

    The CEO of altcoin project uPlexa revealed to CCN.com the obstacles posed by a greedy and corrupt cryptocurrency space. Centralized exchanges have become the banks of the cryptocurrency world. If you’re not partnered with the top 1%, it’s going to be a very long journey for your altcoin. Your favorite altcoin’s path to becoming the “next Bitcoin” is a lot more treacherous than you think. The CEO of uPlexa (UPX) told CCN.com about the financial and ethical minefield faced by upstart altcoin projects in the cryptocurrency industry. Kyle Pierce – the project’s co-founder and lead developer – paints a miserable picture of an industry that may already have been taken over by its worst people. Centralized Leaders of a ‘Decentralized’ Industry cryptocurrencies-shutterstock.jpg” alt=”cryptocurrency exchange” width=”1000″ height=”667″ layout=”intrinsic”> cryptocurrencies-shutterstock.jpg” alt=”cryptocurrency exchange” width=”1000″ height=”667″ layout=”intrinsic”/> Bitcoin exchanges are the kingmakers in the crypto industry. | Source: Benophotography/Shutterstock.com The “king-making” ability of centralized exchanges is no secret. The CEO of DigiByte (DGB) claims he was asked for $300,000, plus 3% of his 58th ranked altcoin’s entire coin supply, to get listed on Binance….

    Jan 25, 2020

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