Business

  • 1 Million Twitch Viewers Prove Valorant Is Already 2020’s Biggest Game

    Close to one million viewers are tuned into Valorant streams on Twitch.Content creators are showcasing gameplay footage and impressions from a closed-door test last weekend.Valorant already has the makings of one of the biggest games of the year.In the lead-up to the launch of the Valorant closed beta on April 7, developer Riot Games allowed an exclusive group of content creators to try out the game. It was a closed-door affair, but Riot permitted participants to capture gameplay footage.Today, Riot Games lifted the embargo on that footage. Streamers are now in the midst of proudly showcasing their first few hours with Valorant and sharing their initial impressions on Twitch.Nearly 1 Million Fans Are Watching Valorant on TwitchAs of writing, there are almost one million concurrent viewers tuned into the Valorant category. The figure has held steady since the event started at 10 am PST. Valorant streams are dominating Twitch today. | Source: Twitch The biggest names on the platform from LIRIK to Pokimane are drawing massive numbers thanks to Valorant. Streamer TimTheTateman’s channel currently has over 100,000 viewers. Twitch’s biggest…

    Apr 4, 2020
  • General Motors Files Patent for a Blockchain-Based Navigation Map

    Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles.According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing maps are “difficult to keep dynamic without incurring large costs.”One potential reason for this is that most maps are maintained through specialized vehicles, whose reach will necessarily be limited to just a few specific sections of the world.General Motors’ solution is to distribute the process to many vehicles, which would collect data about their surroundings through sensors as they simply drive around.The real-time data would be compared with a discrepancy detector, which analyzes the existing maps. Any difference is transmitted to a blockchain network that holds all the map data. The “candidate transaction” is then validated if other vehicles report a similar change. The patent suggests that the network would be maintained by vehicles and mining nodes located in data centers.The system was likely developed for…

    Apr 4, 2020
  • Bitcoin.com Fires 50% Staff As Bitcoin Cash Halving Approaches, Is Fear Factor Setting In? |

    The Bitcoin Cash (BCH) community is at a tough spot as recent reports show a different type of halving from what the enthusiasts were expecting in the next five days or so. Are the two related in any way? Fear factor: Bitcoin.com ‘fires’ half of the workforceReports show close to 50% of the workforce at Bitcoin.com, one of the largest proponents of Bitcoin Cash (BCH), has been let off following the effects of the Corona Virus. According to Corona Virus’ job tracker alert, Candor, nearly 50% of the workforce at the mining pool and website venture has been sacked amidst the upcoming block reward halving on April 8th, 2020.The increasing pressure on Bitcoin.com is clearly showing after recently losing their long term CEO, Roger Ver (still works as Executive Chairman) form the day to day running of the company, now 50% of the 132 employees, as shown on their LinkedIn page, are reported to have left the company.In a tweet, WhalePanda, a crypto-journalist, wrote,“Tough times for CEO of $BCH, @rogerkver. CEO of Bitcoin.com left, they’re going for a “leaner” approach…

    Apr 4, 2020
  • Coronavirus Just Took Another Victim… Corona Beer

    Starting on Sunday, Grupo Modelo will no longer produce Corona beer.The Mexican government declared that beer production isn’t an essential activity during the coronavirus pandemic.This decision will hit the Corona brewer and other Mexican brewers hard.Coronavirus has infected over 1 million people, and it continues to spread. Governments have forced restaurants, bars, retailers, and other non-essential businesses to shut down. But the coronavirus just took another victim… Corona.Corona Beer Stops ProductionGrupo Modelo, which is part of the Anheuser-Busch InBev brewery group, operates 11 breweries in Mexico. It exports Corona and the company’s other brands, which include Modelo and Pacifico, to 180 countries.Grupo Modelo is temporarily suspending production of Corona beer. This decision has nothing to do with the confusion between Corona beer and coronavirus. Google searches for “corona beer virus” surged in January when the first cases of coronavirus appeared in the United States.The name coronavirus comes from the crown shape of the virus, and “corona” is Latin for “crown.” There is no link with the beer. An online rumor said that Corona sales in the United States fell by…

    Apr 4, 2020
  • The Dow Will Hit 15,000 Before Reaching Bottom – Here’s Why

    After the Dow hit bottom on March 23, it rebounded with five days of gains.The Dow has risen despite record jobless claims and other dreadful numbers, but the rally won’t last.The worst is still to come as the Dow could plunge as low as 15,000.For those who think the Dow has already reached a bottom, don’t be so sure. More pain is coming in the stock markets.The Dow Could Plunge As Low As 15,000According to James McDonald, CEO of Hercules Investments, stocks should have at least one more major correction. Investors need to realize for good that the U.S. economy is in a deep recession that won’t end anytime soon. He believes the Dow – which is currently above 21,000 – could plunge to as low as 15,000 before rebounding. The Dow hit bottom on March 23, but it could down even lower as more bad news is coming. | Source: Yahoo Finance He thinks the economy may start getting back on its feet in the fourth quarter of this year. But until it starts to show up somewhere in…

    Apr 4, 2020
  • Face Masks Are Useless Against America’s Biggest COVID-19 Threat

    The United States’ face mask dilemma is becoming outrageous.The CDC just contradicted earlier guidance by recommending all Americans wear face masks. Other countries are upset with the U.S. for outbidding them and halting deliveries of gear.While the U.S. may secure more face masks than other countries, we’re still overexposed to our careless leaders.The face mask saga in the United States is reaching absurd proportions. The U.S. is accused of blocking face mask exports to other countries. States are receiving face masks from the national stockpile that are ten years expired and rotted. Jared Kushner recently contradicted information printed on the website of the Strategic National Stockpile, who then edited their website.The entire situation around protective gear in the U.S. is an utter disaster. So tell me, how exactly will a face mask protect you from such incompetent leadership?Donald Trump’s ‘Wild West’ Tactics Are Creating Terrible Karma For the CountryDonald Trump has stalled, disputed, and delayed his coronavirus response, and the country is paying the price. The U.S. now has more coronavirus infections than any other country in the world at…

    Apr 4, 2020
  • Analyst Who Called Bitcoin’s $3,000 2018 Bottom Thinks This Is Next

    Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that liquidated dozens of millions worth of short positions.Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar ProposedThe price action has convinced many that a bottom is decisively in for the digital asset market, especially considering that the macro trends continue to favor Bitcoin. But, according to an eerily accurate trader, this is unlikely the case.Is the Bitcoin Bottom In?The past few weeks have undoubtedly been positive for Bitcoin; the cryptocurrency has established a series of higher lows and higher highs, showing the hallmarks signs of a forming uptrend.But, according to crypto trader Smart Contracter, when looking at Bitcoin’s chart through the perspective of Elliot Wave analysis, it still seems somewhat bearish. He shared on April 3rd:“[T]heres [sic] so many different ways you could count…

    Apr 4, 2020
  • Binance Shelters Against Job Losses During Global Pandemic

    While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees.Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn.In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions continue strengthening quarantine measures.Binance CEO and founder, Changpeng Zhao, subsequently brought further attention to Binance’s hiring spree by tweeting:“Getting used to work from home, but hate your job? Good at what you do and passionate about crypto? You know what to do.”Binance to increase its staff by at least 10%While the official announcement says that Binance is willing to employ at least 100 people, the job listing page accounts for nearly 180 open positions, including potential hires. As reported by Cointelegraph, Binance has at least 800 employees on its team…

    Apr 4, 2020
  • OKEx and TradingView — With Over 3 Million Users, Strategically Join Hands |

    OKEx, one of the world’s largest cryptocurrency derivatives trading platforms, and Trading View, a melting pot of the world’s trading community, are joining forces, and building on each other’s strengths. The collaboration has been confirmed by Jay Hao, the CEO of OKExThis move could be in response to users complaining of the exchange’s complex user interface as earlier reported by CoinGape.Trading View—OKEx partnership is StrategicThe decision to partner with Trading View is a strategic.PARTNERSHIP: Excited to partner w/ @tradingview, the biggest trading community from stock to forex to #crypto, to roll out OKEx trading data – spot & futures (avail. mid-May) trending charts. Order placement to come soon.Type OKEX: in search bar : https://t.co/5D3pL36SuF pic.twitter.com/yHYym6YIYl— OKEx (@OKEx) April 3, 2020While Trading View is doing their part in updating the community on the coronavirus scourge, their charts are widely used as they are easy to use and interactive.They have over 3 million users and on average each spends 16 minutes on the site. This reveals how immersive the platform is for traders.OKEx Keen on Cementing its PositionIn recent times, OKEx has…

    Apr 4, 2020
  • Ether-Bitcoin Price Volatility Spread Hits 4-Month Low

    Cryptocurrency prices have always been roller coasters, and some rides are scarier than others. However, there may not be much difference in price volatility between the top two coins in the coming months, a key metric indicates.The spread between the three-month at-the-money implied volatility for ether (ETH) and bitcoin (BTC), a measure of expected relative volatility between the two, declined to 8.9 percent Friday, according to the crypto derivatives research firm Skew. It was the lowest level since Dec. 5.Implied volatility is the market’s expectation of how risky or volatile an asset would be over a specific period. It is computed using the prices of an option and the underlying asset and other inputs such as time to expiration.The compression of this spread implies that cryptocurrencies‘ fortunes are tied more strongly than before to each other. But the force driving them together could be the turmoil in the mainstream financial markets, due to the economic fallout from the coronavirus pandemic.“The market is macro-driven and does not expect a lot of ‘dispersion’ between the different coins and anticipates a convergence of ether…

    Apr 4, 2020
  • Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

    The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether they should show signs of being securities.Three new tokens are analyzedIn an April 2 blog post, the CRC published an introduction to ratings for three new cryptocurrencies including Basic Attention Token (BAT), USDCoin (USDC), and Iota (IOTA). In the post, the CRC noted that it periodically reviews previously published scores based on new developments, as well as an understanding of available facts. As such, the council has also updated scores for Maker (MKR) and Polymath (POLY), the announcement reads.As previously reported, CRC’s asset ratings tool ranks digital assets on a scale of 1 to 5, where the highest score means that a certain token is likely considered a security that cannot…

    Apr 4, 2020
  • R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens

    Asian banks interested in issuing security tokens on R3’s Corda now have a local custodian.,

    Apr 4, 2020
  • Top Investors Think Bitcoin Can Breach $20,000 In Coming 12 Months: Here’s Why

    Despite the crypto crash that transpired last month, emotions are running hot; leading investors think Bitcoin will near its $20,000 all-time high, established at the end of 2017, in the near future. Here’s why they’re so optimistic.Related Reading: King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly RiskyBitcoin Investors Think Price Will Reach $20,000… ShortlyOver the past few weeks, a number of crypto analysts have touted the sentiment that within the coming year, the price of Bitcoin will surpass $20,000 — nearly 200% higher than the current price of $6,700.People touting this sentiment include Galaxy Digital’s Mike Novogratz, Raoul Pal of Real Vision, and Dan Morehead of Pantera Capital — all former institutional traders turned crypto bulls.Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar ProposedThe Math Agrees With the SentimentWhat’s interesting is that the math mostly agrees with this lofty sentiment.In March of 2019, pseudonymous analyst PlanB released the below chart to the world, revealing that the value of the Bitcoin network (all coins in aggregate) can be determined…

    Apr 4, 2020
  • Is China Losing Its BTC Mining Monopoly?

    This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market performance. Source: Coin360The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop forced some Bitcoin miners to throw in the towel and shut down their operations due to mining becoming unprofitable.As miners have hosting and electricity fees to keep up with, often relying on the short-term yields of their equipment, the price led to the biggest difficulty drop since 2011. However, it seems like the coronavirus and the steep drop in the value of Bitcoin may have affected some regions more than others.Chinese miners go darkAs was recently reported by the Chinese publication Securities Daily, more than 40 established mining operations have been forced to shut down as a large number of Antminer S9s, an older generation of Bitmain’s popular Antminer products, have…

    Apr 4, 2020
  • SEC Charges 2 With Fraudulent Water-Backed Token Sale

    The U.S. Securities and Exchange Commission charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency, TeshuaCoin.,

    Apr 4, 2020
  • BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

    Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger. Unsurprisingly, the trillion-dollar banking industry has already expressed interest in digital identity solutions. For example, Everest, a blockchain-based digital payments provider, has recently formed a partnership with BRI Remittance, a subsidiary of one of Indonesia’s largest banks. Everest has been collaborating with BRI to offer bank users a blockchain-based digital commerce platform that will allow Indonesians and Europeans to easily exchange value across international borders. Bob Reid, the CEO and co-founder of Everest, told Cointelegraph that BRI Remittance’s digital commerce platform is already being implemented and will officially launch in the second quarter of this year. Reid noted that the goal of the project is to ensure that remittance transfers between Europe and Indonesia are settled within 24-hours — the time it usually takes for domestic wire transfers…

    Apr 4, 2020

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