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Wednesday, May 24, 2017

Bitcoin’s Price Hits New All Time High $2,322 as Scaling Consensus Reached

https://bits2u.com/?ref=13290


Bitcoin has reached another new all-time high at $2,322 this morning May 24 based on global average. Experts said that the recent bitcoin price surge is due to the strong performance and momentum of the Japanese bitcoin industry, however it is also affected by the progress in bitcoin scaling talks which has been a driving factor of bitcoin price’s upward momentum.

Cointelegraph has reported that a number of leading players of the Blockchain industry have reached a consensus in regards to the Bitcoin scaling solution. This break in the scaling debate stalemate is a new, highly significant boost for the Bitcoin ecosystem.

In a statement, Digital Currency Group revealed that 56 companies representing 83.3% of hashing power and 5.1 billion monthly on-chain transaction volume have come to a consensus to activate the Bitcoin Core development team’s Segregated Witness (Segwit) at a 80% activation threshold and execute a 2MB hard fork six months thereafter to proportionally scale the Bitcoin network.

Upon the announcement of the newly agreed upon Bitcoin Scaling Agreement, bitcoin price surged by around $185, from $2,100 to $2,285, demonstrating a 9% daily increase in value.

This means that the problem of Bitcoin scaling, that has been unresolved for years, could soon become a thing of the past. This news comes quite on time, as the number of transactions being stuck in the backlog has reached record heights in recent days.

Until now, the community has been unable to come to a consensus on whether to enable Bitcoin scaling by activating SegWit, Bitcoin Unlimited, or some other technology.


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Thursday, May 11, 2017

Bitcoin Breaches $1,800 for the first time, still rising

Bitcoin, business, crypto currency


Bitcoin breaches $1,800 for the first time on Thursday adding more than $100 in just two days. The rally in bitcoin has been driven by a number of factors such as positive noises from policymakers as well as the legalization of the cryptocurrency in Japan.

The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk's bitcoin price index. It breached $1,700 for the first time on Tuesday.

Since Monday, the market capitalization of bitcoin has risen over $3 billion to $29.53 billion. The price of bitcoin has soared 81% since the start of the year.

Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency.

The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk's bitcoin price index. It breached $1,700 for the first time on Tuesday.

Since Monday, the market capitalization of bitcoin has risen over $3 billion to $29.53 billion. The price of bitcoin has soared 81 percent since the start of the year.

The latest price driver was comments from Minneapolis Federal Reserve Bank President Neel Kashkari. The policymaker talked up the potential of blockchain – the technology that underpins bitcoin.

"I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more potential than maybe bitcoin does by itself," Kashkari said at a technology conference, according to Reuters.

His comments are the latest in a growing number of officials that have supported bitcoin and blockchain technology, helping to bring it more into the mainstream.

Japan legalized the cryptocurrency as a payment method recently and this has led to a greater amount of bitcoin being bought with yen, which is helping to support the price.

At the same time, Russia, one of the strongest opponents of bitcoin is seeking to regulate the digital currency.

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Friday, April 28, 2017

Amazon's Earnings Soar Beat Estimates


Amazon dot com, business, finance

- Amazon's Operating cash flow increased by 53% to $17.6 billion for the past 12 months.
- The company's Net sales is up by 23% to $35.7 billion in the first quarter.
- Guidance for second quarter net sales looks very good.
- Prime is getting more features and more users.

Last Thursday April 27, after the market closed, Amazon (NASDAQ:AMZN) released their first quarter earnings for 2017 and they not only did they meet their already high expectations, they shattered them. It was predicted that they will have 1.12 per share; Amazon obliterated this expectation reporting $1.48 Earnings Per Share.

Amazon.com Inc's (AMZN.O) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading.

Amazon's revenue has soared in recent years, as people's shopping has shifted online and businesses have moved their IT to the cloud where Amazon Web Services (AWS) is the biggest player.

Amazon Prime, which offers fast shipping and video streaming to members, helped raise the company's subscription sales by 52% in the first quarter. Sign ups are key to Amazon's strategy because Prime encourages shoppers to buy more goods, more often.


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Sunday, April 9, 2017

Google Underpays Women Employees

Google, Google against women's rights, Google Underpays Women Employees


US Department of Labor sued Google, because the internet giant was allegedly withholding information relevant to an ongoing compliance audit. Now, the agency claims that it has found “systemic compensation disparities against women pretty much across the entire workforce.”

On the court hearing related to the ongoing case held last Friday, DoL Regional Director Janette Wipper explained that the agency determined that Google pays its female employees less than their male counterparts, according to The Guardian. In a statement to the paper, DoL Regional Solicitor Janet Herold confirmed the statement, noting that while the agency was still investigating, it has “received compelling evidence of very significant discrimination against women in the most common positions at Google headquarters.”

The hearing was part of a lawsuit filed last January by the US Department of Labor, which has been seeking compensation data as part of a routine audit of Google, a federal contractor.

"The government's analysis at this point indicates that discrimination against women in Google is quite extreme, even in this industry," Janet Herold, a regional solicitor for the DOL, told the Guardian.


Source The Guardian




Friday, March 24, 2017

Dunkin' Donuts Is the New King of Coffee?



 coffee, Dunkin Donuts, Starbucks


A lot of people can't start their day without a cup of coffee and it looks like coffee addicts are starting to buy their favorite morning caffeine boost at Dunkin’ Donuts instead of Starbucks lately.

The company Dunkin’ Brands which owns Dunkin' Donuts and ice cream shop Baskin-Robbins are up 10% this year and 25% over the past 12 months, largely due to earnings and sales that topped Wall Street’s forecasts. Their stock is even trading at an all-time high.

While Starbucks is flat this year and has lagged the performance of Dunkin’ over the past year.

Dunkin' Donuts is also updating their coffee lineup, they are ditching the frozen coffee beverage Coffee Coolatta and offering a new one.  The phaseout will be completed by summer while the chain introduces the new Frozen Dunkin’ Coffee, which provides a more “authentic, energizing coffee drinking experience.”
 coffee, Dunkin Donuts, Starbucks
Dunkin is also experimenting with a nitrogen-infused cold brew, just like Starbucks. And it has several other new products on the way, including a Coconut Crème Pie flavored iced coffee, a Chocolate Pretzel Donut and Peanut Butter Delight Croissant Donut.






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Tuesday, March 14, 2017

Intel Acquires Mobileye for $15.3 billion


 Intel, driver less cars, autonomous cars, Mobileye



Intel's wants to compete in the emerging space of autonomous vehicles and their latest move to acquire computer vision systems company Mobileye for $15.3 billion is their biggest step to date.

But the world's largest chipmaker has spent the past 18 months investing in and acquiring a wide array of lesser-known companies as well as reorganizing its own business, all in an effort to ensure it doesn't miss out on the next money-making opportunity which is autonomous driving.

Intel CEO Brian Krzanich says autonomous driving is estimated to be a $70 billion vehicle systems and data services (total addressable market) opportunity by 2030.

The acquisition amounting to $15.3 billion was announced on Monday, Intel made a play to corner the market on how much of that technology is developed.

The chipmaker’s acquisition of Mobileye, an Israeli company that makes sensors and cameras for driverless vehicles, is one of the largest in the fast-growing sector and sets the stage for increasing competition between Silicon Valley companies as well as traditional automakers over who will dominate the world of autonomous cars.

Google and Uber have already invested billions of dollars in their own technology, signing partnerships with automakers Chrysler and Volvo and sending test vehicles onto the road in a bid to cement their place in the industry.

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Monday, February 13, 2017

Shares in Asia Inched to a 19-month Highs

asian stocks, stock market, finance, economy, business


Asian shares eke out 19-month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and Wall Street stocks.

However, markets are still shaky since experts says that it his highly likely that the Federal Reserve, will have two or more U.S. interest rate hikes this year. U.S. Federal Reserve Chairwoman Janet Yellen will have an upcoming congressional testimony later in the global trading day.

Japanese shares also ran into trouble after Toshiba Corp (6502.T) delayed an anxiously-awaited earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm.

Japan’s Nikkei Stock Average NIK, -1.13%   was down 0.1%, Hong Kong’s Hang Seng Index HSI, -0.06%   was off 0.3% and Korea’s Kospi SEU, -0.22%   slipped 0.1%.

Singapore’s Strait Times Index STI, -1.19%   was down 0.9% after three days of gains, as concerns about bank earnings cut into sentiment. Oversea-Chinese O39, -3.28%   dropped 2.7% following weak fourth-quarter earnings. DBS D05, -2.96%   and United Overseas Bank U11, -1.52%   which report later this week, fell 2.1% and 0.7%, respectively. Australia’s S&P/ASX 200 XJO, -0.10%   was up 0.4% and New Zealand’s NZX-50 NZ50GR, +0.22%   was 0.4% higher.

In the U.S. overnight, the Dow Jones Industrial Average, the S&P 500, the Nasdaq Composite and the Russell 2000 all reached record highs which is a clear sign that Donald Trump is good for the economy!