Business

  • Run the Jewels Is 2020’s Public Enemy – and This Time, We’re All Listening

    Rap duo Run the Jewels dropped their latest record “RJ4” early. The album is rife with activist lyrics denouncing oppression and police brutality. While groups like Public Enemy carried the same message 30 years ago, the rest of the world might finally be ready to take it in. Run the Jewels dropped their new album RJ4 early, and the timing is unbelievable. Groups like Public Enemy and NWA began their outcry against police violence in the late 80s. While these artists gained a large following, the American community at large sadly wasn’t ready to absorb their critical message. It only took 30 years, and countless videos of senseless police brutality against black people, but the message is unavoidable now. Amid protests, riots, looting, and fresh off a pivotal speech from Killer Mike, Run the Jewels just dropped a bomb in the middle of the revolution. RJ4 Is the Perfect Album for the Times Run the Jewels have addressed brutality and oppression many times before, but this time, they’re taking no prisoners. The feverish production from El-P perfectly matches the frenzy…

    Jun 4, 2020
  • CME Bitcoin Futures Post Strong Trading Session Amidst Market Chaos; What This Means

    Bitcoin’s immense volatility seen yesterday caught investors and traders off guard, leading to over $200 million in positions to be liquidated. It also made it increasingly unclear as to how strong BTC’s recent uptrend truly is. This volatility appears to have been driven primarily by users on margin trading platforms like BitMEX, although it also coincided with a spike in activity on the CME. Data shows that CME futures saw a massive volume surge that came about after a month of dwindling trading volume. Open interest on the platform still remains slight below its all-time highs that were set in May. Bitcoin’s options activity also extended its momentum, with the ratio seen between calls and puts suggesting that traders are primarily focused on catching upside movements. Bitcoin Posts Massive Volatility; Sparking Heightened CME Trading Activity  Yesterday Bitcoin saw some rare turbulence that sent it surging to highs of $10,400 before buyers lost all their momentum. From here, the crypto declined to lows of $8,600 on BitMEX before garnering some buying pressure. This led it back into the mid-$9,000 region, at…

    Jun 4, 2020
  • France: Financial Regulator Greenlights ICO for Renewable Energy Provider

    French stock market regulator – the Autorie des Marches Financiers (AMF) – has OK’d an initial coin offering (ICO) for a French renewable energy provider named WPO. The regulator approved the ICO under its “ICO visa” scheme on May 12, Coindesk reports, June 3, 2020. WPO Approved to Raise Funds via ICO France’s AMF, under its “ICO visa” scheme, has given the green light to renewable energy provider WPO to raise funds through a public token offering, or ICO. Per sources close to the matter, the ICO will run from September 8 through to November 12. For the uninitiated, AMF launched the ICO visas as part of its broader comprehensive legal framework for digital currencies in 2019. This method of crowdfunding a project mitigates risks associated with the infamous ICOs that surfaced during the late 2017 bull-run. To obtain an ICO visa, the applicant must show the AMF that it has abided by all regulatory requirements and provided all investor-specific information about the token sale, including the risks associated with it. According to the report, WPO will hold the ICO of its…

    Jun 4, 2020
  • Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar

    Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion. Despite the strict proposal drafted by the Russian bureaucracy, trade volumes on certain exchanges have seen significant demand from the country’s citizens. Russia’s Cryptocurrency Laws Remain in the Gray Zone Just recently Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called “On Digital Financial Assets,” is an updated version on how lawmakers might regulate the crypto industry in the near future. The documents do not delve much into personal holdings, trading, and cross-border remittances, unless it is applied to startups and veteran companies that leverage cryptocurrencies. People can own bitcoin or other digital assets, but the new proposal does prohibit the widespread circulation and even evangelism when it comes to digital currencies versus the Russian ruble. “Сryptocurrencies go…

    Jun 4, 2020
  • From Millionaire to Felon and Beyond

    Charlie Shrem has been involved in crypto longer than almost anyone. He likes to joke that he was one of the first ten people to ever hear about Bitcoin. He now hosts the crypto-focused podcast Untold Stories, which attempts to chronicle the history of crypto through the eyes and experiences of its most influential players. Cointelegraph’s most recent live Q&A gave the audience the opportunity to directly question Shrem about crypto, his past, and anything in between. The topics ranged from XRP, DApps, and stablecoins to his time spent in prison. Shrem revealed how he first heard about Bitcoin, who he believes is leading the crypto space, and explains how prison enabled him to reaffirm his commitment to cryptocurrencies. Check out the full stream in the video above. If you enjoy Cointelegraph’s live content, make sure to subscribe to the Cointelegraph YouTube channel to stay up to date on when the next shows will be. Every Thursday Cointelegraph hosts Crypto Markets Live, where audience and traders come together to examine the latest movements across the major cryptocurrency markets. This week…

    Jun 3, 2020
  • Nonprofit Energy Consortium Trials Blockchain Management for Wastewater Tracking

    The Offshore Operators Committee, a nonprofit organization focused on offshore energy, has found a blockchain management system reduces costs and time for transporting wastewater. ,

    Jun 3, 2020
  • Well, Epic Games Just Dropped More Proof the PS5 Will Outclass the Series X

    Epic Games’ Unreal Engine 5 tech demo offered the first look at the potential of the next generation of consoles. The company just revealed it rejigged elements of Unreal Engine 5 on the basis of the PS5’s ultra-fast SSD. The engine has the potential to allow developers to craft experiences unique to the PS5. There’s no doubt last month’s Epic Unreal Engine 5 demo – which ran on a PlayStation 5 (PS5) – delivered the next-gen vision. But it left lingering questions about what this means for competitor Microsoft and the Xbox Series X. Epic was quick to strike a diplomatic note. Epic head Tim Sweeney explained that the tech underpinning the Lumen in the Land of Nanite demo would be supported on the Xbox Series X. Tim Sweeney confirmed the Xbox Series X would benefit from the Unreal Engine 5’s next-gen tech. | Source: Twitter Glaringly absent from the CEO’s reassurances was any mention of whether the Series X could churn out similarly breathtaking graphical fidelity. In tandem, Epic gushed on about the PS5, notably the SSD. A month…

    Jun 3, 2020
  • Peaceful Protestor Recommends Buying Bitcoin On Live TV To Opt Out Of Failed Monetary System

    Following the pandemic and its impact on the economy, the mental health, and tensions of all global citizens, things in the United States have reached a boiling point. Widespread protests have erupted into the streets over the unjust passing of George Floyd. While some have turned violent, others remain peaceful. One particular protest in Los Angeles featured an outraged citizen who took pause to recommend Bitcoin on live TV as a way to “opt-out” of the failing economy. Protests Breakout Across All 50 US States, Some Turn To Violence News coverage of the virus outbreak has quickly turned toward an outbreak of violence and protests sweeping the United States. Protests over the murder of innocent victim and “gentle giant” George Floyd by way of police brutality, have erupted across all 50 US states. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 3, 2020
  • New Partnership Enables Buyers Earn Crypto Rewards on Nike Purchases

    Plutus, a fintech company focused on crypto rewards and loyalty points recently partnered with Nike, a global sports footwear and fitness company, to offer crypto and cash-back rewards for online shoppers on the latter’s platform.  Crypto Rebate for Nike Merchandise According to a Medium blog post on Wednesday (June 3, 2020), Plutus is offering customers a 3 percent crypto rebate and 9 percent cash back when they shop online for Nike merchandise using the Plutus Visa Card.  Also, users will receive the crypto rewards payment in the Plutus’ native token, Pluton (PLU). Furthermore, customers increase their reward earnings when they stack their PLU tokens using the company’s platform. A spokesperson for the company stated the services are currently available in the UK and European Economic Area (EEA), while the purchase of the service can be made using pounds sterling and euros. Plutus also had earlier inked a similar deal with travel agency Skyscanner and Airbnb, but the project was suspended due to the ongoing coronavirus pandemic. Explaining the situation, Plutus founder and CEO, Danial Daychopan, said: “Plutus was approved as…

    Jun 3, 2020
  • US Firm Announces Installation of 700 Mining ASICs With More on the Way

    United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units. According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain. In late March, Bitmain announced that it sold the first batch of Antminer S19s and S19 Pros within 24 hours after starting to accept orders. On June 1, the firm also announced the launch of its newest Antminer T19 features a SHA256 hash rate of 84 TH/second. A company rich in hashrate The Antminer S19 Pro boasts a hash rate of 110 TH/s and an energy efficiency of 29.5±% 5 J/TH. That means Marathon Patent Group is waiting to add 127.600 PH/s to the hashrate under its control. Summed with the 70,000 TH/s coming from its 700 Whatsminer M30S+ ASICS (100 TH/s each), this will result in the company having a total hashrate of 197.600 PH/s. The announcement comes shortly…

    Jun 3, 2020
  • Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm

    Binance’s Korean crypto trading arm is now working with blockchain analytics startup Coinfirm to better ensure anti-money laundering (AML) compliance. ,

    Jun 3, 2020
  • The Dow Is Suddenly on Autopilot, and Boeing Stock Is in the Cockpit

    The Dow Jones recorded another banner day, rallying close to 500 points on Wednesday. China, Europe, and the United States are all showing evidence of a V-shaped recovery. Dow giant Boeing was a significant boost to the U.S. stock market with an incredible 12% rally. Wednesday brought a third straight day of gains for the Dow Jones Industrial Average, which rose around 500 points to post its best June session yet. Chinese economic data is showing strong signs of a rebound, and this has bulls hoping for a similar story in the United States after ADP’s blockbuster employment report. U.S. Stock Market Rallies Again as Economic Data Rebounds The Dow Jones rose for a third straight day as economic data around the world improved. | Source: Yahoo Finance All three major U.S. stock market indices rallied on Wednesday, but the Dow was far and away the top performer: The Dow surged 501.18 points or 1.95% to 26,243.83. The S&P 500 rallied 1.35% to 3,122.51. The Nasdaq climbed 0.8% to 9,685. There is a strange dynamic playing out on Wall Street,…

    Jun 3, 2020
  • Crypto data provider Kaiko launches historical tick-by-tick order book data » CryptoNinjas

    Kaiko, a provider of crypto-asset data, today announced the launch of its historical tick-by-tick order book data product. This data will initially be available for Coinbase, Bitstamp, and Bitfinex, providing the ability to replicate historical market states at tick-level precision. This data type is designed for professional traders and researchers with a strong understanding of market dynamics and experience working with big data. Tick-level order books include every changed, added, or removed bid and ask to an order book, enabling traders to reconstruct market states at any given time and playback all changes (commonly referred to as ‘deltas’ or ‘incremental updates’) to the order book. The tick-by-tick data type complements Kaiko’s existing order book snapshot data product. Tick-level order books offer more precision, enabling traders and researchers to better project market demand and support, simulate entries and exits, identify order imbalances, train machine learning algorithms, search for arbitrage opportunities, determine order fill probabilities, and more. Technical Product Details: Precision: The first version of this product will be ticks at Level 3 precision, comprising non-aggregated bids and asks. Coverage: BTC-USD and…

    Jun 3, 2020
  • World’s Highest Paid Podcaster Joe Rogan Uses the Crypto-Focused Brave Browser

    Comedian Joe Rogan, the host of one the most popular podcast in the world, discussed online privacy in his most recent episode, saying that he uses the Brave browser to avoid being tracked. With data protection becoming an increasingly important issue in the world, the once niche products such as Brave are set to reach a huge new audience. Brave Gets a Shout-Out on World’s Most Popular Podcast Brave Browser has been on a crazy ride for more than a year, reaching milestone after milestone and introducing new features and updates on a monthly basis. The company’s latest achievement—surpassing 15 million active monthly users—was followed by a huge, but unintentional marketing boost when the browser got a shoutout on the world’s most popular podcast. In the latest Joe Rogan Experience podcast, comedian and TV personality Joe Rogan discussed online privacy with his guest Reggie Watts. The two commented on the prevailing presence of sponsored ads and online tracking tools and methods on how to avoid them. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 3, 2020
  • What to Expect From TRON 4.0: Justin Sun Reveals All

    TRON founder Justin Sun has been busy hyping TRON 4.0, claiming that it will become “the mother of all blockchains.” In his latest video, the CEO insists the much-publicized network upgrade will go ahead in Q3 of 2020 while casting doubts upon the readiness of Ethereum 2.0. While the launch date of the latter remains a mystery, Sun says TRON 4.0 will introduce game-changing improvements where privacy, scalability, and interoperability are concerned. Not only will users be able to enjoy total anonymity in their transactions thanks to the integration of zk-SNARK technology, but Sun expects blockchain builders to use TRON as a hub thanks to 4.0’s “cross-chain solution.” The Announcement of an Announcement The TRON protocol recently celebrated the second anniversary of its mainnet, with Sun taking to Twitter to mark the occasion: “TRON has more than 850 nodes around the world, over 6 million total accounts, over 20 million block height, over 750 #Dapps, and the number is still growing. This is just the beginning.” A day earlier, Sun had teased his followers by claiming he would announce “an…

    Jun 3, 2020
  • US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

    The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation. Decade-Long Recovery Costing $8 Trillion The U.S. Congressional Budget Office (CBO), a federal agency that provides budget and economic information to Congress, has estimated the impact of the coronavirus crisis on the U.S. economy. CBO Director Phillip L. Swagel explained on Monday in a letter to Democratic Senator Chuck Schumer: CBO projects that over the 11-year horizon, cumulative real output (in 2019 dollars) will be $7.9 trillion, or 3.0 percent of cumulative real GDP, less than what the agency projected in January. Schumer had asked the CBO to compare its “May 2020 interim projections of gross domestic product and its January 2020 baseline projections,” the letter details. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 3, 2020