Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved.
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3 Reasons Why FedEx Will Never Win Amazon’s Business Back
Amazon has suggested FedEx’s services are below par. FedEx earlier in the year dubbed the company a rival. The courier firm expects to be “lapping Amazon” in the next fiscal year. When Amazon (NASDAQ: AMZN) blocked third-party merchants from using FedEx’s (NYSE: FDX) Ground and Home services to make deliveries to Prime customers, the implication was clear. The courier company’s standards had deteriorated. This came on the back of FedEx declining to renew a ground shipping contract with Amazon earlier this year. With these developments, the relationship between the two firms is only likely to get worse, perhaps irredeemably. Here are three reasons why FedEx has likely lost Amazon’s business forever. #1. Speed is king for Amazon Speed is king, and that’s bad news for a shipping company that struggles to meet delivery performance targets. | Source: Hrach Hovhannisyan/Shutterstock.com Amazon CEO Jeff Bezos has consistently attributed the online retailer’s revenue growth to customer satisfaction, and speedy shipping features prominently in that metric. Consequently, it’s telling that Amazon cited “delivery performance” issues in its decision to sever ties with FedEx. As…
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Ethereum Starts Uptrend, Breaks above $200 Resistance
Feb 06, 2020 at 12:56 // News The altcoins are awash as Ethereum takes another bold step to move up. It has been established that once the resistance at $197 is breached, the coin would rally above $200. The market is above $200, and there are chances of reaching the next resistance at $220. Unfortunately, the coin may face another resistance above the current price level. At this moment, if the price retraces to $192 or $188, ETH is likely to bounce back. Expectantly, we should expect Ethereum to reach a high of $220. Interestingly, if the bulls performed this feat the pair will be out of the downtrend zone. Conversely, if the bulls fail to sustain the price above $200, the bears may break below $192 and $188 support levels. This will portend negatively for Ethereum. Ethereum Indicator Analysis Ethereum is trading above 80% of the daily stochastic. The stochastic bands are trending horizontally above the 80% range. The coin has found itself in the overbought region of the market. Buyers may not be on hand to push Ether…
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Exploring the Impossibility of Decentralization |
This article is originally published in Albaron Ventures. Grade school might tell you anything is possible. Complete and total decentralization, however, is not– at least sustainably. The premise that decentralization is impossible hinges on the fact that decentralization “experiments” such as Bitcoin have approached towards degrees of centralization. For example, Bitcoin’s Proof-of-Work (PoW) mechanism relies on many different nodes to “mine,” or verify and facilitate transactions. These miners are rewarded a portion of transaction fees and a shot at winning the Bitcoin block reward, which is currently 12.5 bitcoins or about $115,000– a not insignificant prize dished out about 144 times per day. This has incentivized the creation of “mining pools,” or a collection of nodes that work together and divide the prize among the operators. Mining pools have taken what would otherwise be a decentralized utopia and coalesced a degree of centralization. The current state of Bitcoin mining is far from a single entity controlling the network with a 51% lion’s share, but it still highlights the downfalls of decentralization. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+…
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Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud. ,
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Coinbase Study Says 56% of Top 50 Universities Have Crypto Classes
Academic interest in crypto and blockchain is increasing across the board, according to a study from Coinbase published Wednesday. The crypto exchange looked at the world’s top 50 universities (according to the U.S. News & World Report ranking) and found that 56 percent have blockchain or crypto classes available. Last year, Coinbase found 42 percent to offer such classes. Working with survey site Qriously, Coinbase also surveyed 735 students ages 16 and older, finding a 6 percent uptick in student interest in crypto or blockchain coursework. As part of last year’s Coinbase study, 28 percent of respondents said they would be interested in such a class. Moreover, compared to last year, twice as many university students, or 18 percent, partook in a crypto or blockchain class. Of special note, said Coinbase, is the percent of crypto or blockchain classes not falling under the traditional computer-science label. Coinbase said 70 percent of these classes pertained to other departments – particularly finance, economics, law or engineering. Crypto classes by department. (Image via Coinbase) Student clubs are also a major driver of academic interest….
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Bitcoin Hits Supply Zone, Can BTC Push Through Resistance This Time?
Bitcoin has spent another day consolidating below $9k as it gears up for its next move. Current levels appear to be a supply zone and analysts are mixed as to what direction BTC will take next. Crypto markets have done very little over the past day or so as total capitalization hovers just above $250 billion. From yesterday’s low around $5 billion has reentered the space as prices trickle higher. There has yet to be any major momentum as the past couple of days markets have been range bound. Bitcoin in Supply Zone A couple of green candles on the hourly chart have lifted bitcoin from its intraday low of $8,670 to tap resistance at $8,950 once again. According to Tradinview.com the move during Asian trading has taken BTC to a four day high and back above the 200 day moving average. BTC price 1 hour chart – Tradingview.com BTC is now at a key level of resistance which one analyst has defined as a supply zone. “Either buyers will push through and signal reversal, or bid pressure will evaporate…
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The State of Staking in 2020
In 2020, the total market cap of all Proof of Stake (PoS) coins reached $14.5 billion and the staking rewards are getting more compelling. New coins are launching 100% PoS. Old coins are shifting to PoS. PoS is rapidly becoming the de facto consensus mechanism keeping blockchain networks secure while giving dividends to its users. There’s no doubt that PoS is a technical improvement beyond Proof of Work (PoW). It reduces the energy requirements of running a network to a minimum which is very important from an environmental standpoint. Anyway, PoS doesn’t necessarily solve the scalability problems of PoW. In order to reach fast transactions and scale efficiently protocols started to sacrifice their network decentralization. EOS and Libra are limiting their networks to a small number of nodes. Tezos and Waves are criticized for “rich get richer” economics. And the worst is that new coins are following the leaders into implementing similar mechanisms. It’s true that Ethereum and Near Protocol proposed new technical solutions, but, until today, these remained just theoretical proposals. Except one: Harmony is the first blockchain to…
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Cryptocurrency payments and exchange company Coinify integrates Dash
Dash, a top cryptocurrency by market cap focused on payments and e-commerce, announced it has integrated with cryptocurrency payments and exchange services provider Coinify. Through this partnership, Dash will now be available within several of Coinify’s products — including its payments, wallet trading and myCoinify offerings — expanding Dash’s reach to tens of thousands of merchants in over 70 countries. “This integration will make Dash more accessible by making it easy to buy and share Dash via products for individuals, merchants and developers. This is another important step towards the widespread adoption of cryptocurrency.”– Jan Heinrich Meyer, CEO and founder of Dash Embassy DASH will be integrated into the following Coinify products: Coinify Payments Dash will now be a supported currency on Coinify Payments, which allows merchants to accept cryptocurrencies and receive payouts in their preferred local currencies. Coinify Payments offers merchants a comprehensive, flexible and secure payment processing solution, which now supports Dash payments. Coinify inWallet Trading Dash will now be a supported currency through Coinify’s full-service, compliant and scalable wallet trading API. Coinify supports buying and selling cryptocurrencies…
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How the Bitcoin Market Changed Since 2017’s Bull Run
Although the bitcoin market’s recent volatility may feel familiar to industry veterans, the circumstances are very different in 2020 than they were when bitcoin (BTC) surged to nearly $20,000 in late 2017. Namely, there’s now Wall Street infrastructure for sophisticated bitcoin trading and holding, from Fidelity Investments to Bakkt. For another example, the brokerage startup Tagomi, co-founded in 2018 by Union Square Ventures alum Jennifer Campbell and backed by Peter Thiel’s Founders Fund, also offers institutional investors the options for trading between platforms without moving the price. Until recently, limited price spreads restricted market activity. “During the last bull run there were a lot of trading desks with a pretty website, but behind the scenes there was a lot of sausage making,” Campbell said, describing how some funds literally just operated with one person’s personal exchange account. These days, over in San Francisco, deliberately conservative exchanges like the bitcoin-focused startup River Financial have attracted talent such as Union Bank of Switzerland alum Zev Mintz. Mintz said the combination of a robust lending market with margin trading will be a “huge…
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Finance and the Real Economy Can’t Stay Out of Sync Forever
Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early-stage startups with Slow Ventures. Have you ever been to a place where time had a different quality? Maybe you grew up in a rural area of the Midwest and upon moving to New York were struck, like many before you, by its whirlwind cadence. Maybe you grew up in a bustling capital city but, upon visiting a coastal seaside town, you fell in love with the slower, sleepier pace of life. I have spent most of my life residing in places where time moves pretty quickly, kept ticking along by semesters, quarters, deadlines, bills to pay, money to make and errands to run. When traveling, I have often wondered at the relaxed pace of the cities and towns I had the privilege of passing through. Places where a morning coffee could be a 90-minute experience. Places where middle-aged men sit in lawn chairs outside their…
