Dave & Buster’s Entertainment, Inc. owns and operates entertainment and dining venues for adults and families. Dave & Buster’s owns and operates 125 venues in 39 states, Puerto Rico, and Canada.
Shares of Dave & Buster’s Entertainment Inc. are down double digits due to first-quarter sales and profit that missed Wall Street expectations and forward guidance is lowered than expectations.
Dave & Buster’s said it earned $42.4 million vs. $42.2 million, in the first quarter a year ago, while revenue rose to $363.6 million from $332.2 million a year ago.
However, the company said its same-store sales fell 0.3% driven by a decline
Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.
A message from an unofficial TON channel on Telegram wrote that Liquid could be attempting to catch on to the hype surrounding the as-of-yet unreleased token, and that investors should wait for official information from Telegram.
Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomrigs Lab to jointly explore digital asset management and protection solutions. The news was released at a press conference at the bank’s office in Seoul on June 11.
The MoU — signed yesterday, June 10, in Seoul — establishes that the two partners will focus on digital asset market growth and new crypto-related businesses, according to Korean news outlet Yonhap News.
Atomrigs Lab is a firm specializing in blockchain development for the financial sector, and has been developing blockchain-based digital asset protection technologies using next-generation cryptography.
The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind.
Some context: bitcoin itself is far from private, as users can, via the blockchain, see where coins are being transferred to and from. One effort to afford greater privacy to transactions is CoinJoin, a long-standing technology first proposed in 2013 by long-time bitcoin idea man and cryptographer Greg Maxwell. The idea is that transactions can be made more private by jumbling a number of different transactions together and then redistributing them.
At 100 transactions, Wasabi Wallet’s effort might be the biggest, but it’s certainly an advancement for the privacy tech as a whole.
So-called lightning network “watchtowers” — a much-anticipated next step for securing the network — are coming soon.
Watchtowers have long been considered a missing piece of bitcoin’s lightning layer, as they’re crucial for squashing fraud on the experimental, off-chain network that could make bitcoin payments faster and more scalable. With version 0.7 of the LND software release coming at an undisclosed date in June, Lightning Labs is launching the most complete build of a network watchtower to date.
When someone uses lightning, it’s necessary for someone using it to remain online to make sure their “counterparty” isn’t trying to steal those funds. But this is obviously a UX nightmare; for example, customers don’t have to monitor their Wells Fargo accounts every day to ensure that they’re not being defrauded.
The number of businesses accepting cryptocurrencies for goods and services has been growing, particularly for P2P coins such as bitcoin cash. Finding places where you can spend your digital cash is easy thanks to platforms such as Bitcoin People.
Bitcoinpeople.online is a merchant directory listing companies that support payments in bitcoin cash (BCH) and several other major coins and tokens. It’s useful for both potential customers who want to find places to spend their digital currencies and for businesses that are willing to accept digital assets for their products. If you are a crypto entrepreneur, you can sign up and list your businesses for free. To do so, you need to register with the platform. Creating an account requires you to choose a username and password and provide a valid email address. You can also promote your brand as a featured business on the Bitcoin People homepage and on other relevant pages for about $1 per month.
MATIC sponsors Hack@IDF hackathon from June 11-13 in Bengaluru, India.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As you can see on the chart, the STEEM is doing a nice UP today, and continuing its progression of the last days, ignoring the correction that we experienced yesterday. However, look the chart that I drawed today for you : Be really carefull with that double top pattern. We need to break that line very soon or if it si not the case and that we start to drop now, it will be a very bearish signal…
United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrencyEOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.
In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.
The tweet also hinted that fellow top crypto ADA is next in line to prove itself as a decentralized proof-of-stake (PoS) blockchain system:
“It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”
G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.
The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:
“We ask the FSB and standard setting bodies to monitor risks and consider work on additional multilateral responses as needed.”
Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded.
Inventions such as atomic swaps, zk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness the rising number of non-custodial and decentralized exchange (DEX) services for trading crypto assets.
This is exciting. But it also shines a light on another big problem that has curtailed the widespread adoption of cryptocurrency and blockchain technology: secure key management.
For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale. User experience has been sacrificed in return for security.
Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.
During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.
AMA session with Beni Issembert, Beam CMO, at 7 PM (GMT) on Beam’s YouTube channel.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today we broke the resistance line at 0.39$ with a nice volume but unfortunalty, the reversal came with low volume but it was enough to remove all the gain of the day. So we are again lower than the resistance line at 0.39. We already dropped too much to do a pull back pattern so let’s see if the market will try to go back quickly break that resistance line. If it is not the case, I’m afraid we go test 0.34$ again.
More details are now emerging regarding high-level executives for social media giant Facebook’scrypto project, according to a report by CNBC on June 6.
According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.
The aim of Facebook’s new crypto project, according to advertising on its career descriptions, is to provide a public service centered on accessibility:
“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”
Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6.
In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates that hackers managed to compromise around 100 XRP Ledger wallets. Although the company did not initially identify any nefarious activities on its platform, it began an investigation on the matter, wherein it discovered increased application programming interface (API) calls coming from a small number of IP addresses. This could purportedly be the way the culprit got access to encrypted secret keys.
Community member Thomas Silkjær — one of those who warned GateHub about the breach — published a report on the hack, revealing that:
“On June 1 we were made aware of a theft of 201,000 XRP … and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net.”
Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.
The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.
The source declined to provide further details about who would be joining Block.one’s list of backers.
? NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch
The technology behind the cryptocurrency NEO, formerly known as Antshares, will be completely reconfigured by this time next year.
In April, NEO co-founder Erik Zhang announced that an optimized version of the blockchain network will relaunch as NEO 3.0 in 2020. The underlying infrastructure will be so different that token holders will need to turn in their assets for newly issued tokens.
Zhang told CoinDesk this process will not require know-your-customer (KYC) information, as the Singapore-based NEO Foundation will simply destroy the old assets and airdrop new tokens to designated wallets.
? Kodak Launches a Blockchain-Enabled Document Management System
Kodak’s pivot to blockchain is coming into focus as the legacy camera brand announced its new blockchain-based document management system at a two-day conference in Rochester, New York. Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and is an actual Kodak product.
The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents. Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.
The company also claims that the blockchain platform will lead to 20-40% cost savings through automated workflows and decreased human management of content, information, and documents.
AI for Virtual Assistants Workshop in Ho Chi Minh City on Friday, June 7th.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are continuing to test the support line around 0.34$. Till now this line is holding us but I would prefer that we take some distance from it because we could finish to break it and go directly to the next support line, the 0.31$ level. Let’s see, I don’t think we will be able to break it if the BTC doesn’t drop so again we will wait the master BTC to know the next for STEEM.
The SPDR Bloomberg Barclays High Yield Bond ETF, JNK seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index.
Analysts skeptical of calls for a trade-induced economic downturn say the resilience of so-called junk bonds shows the U.S. expansion has room to run, and that the growth worries emanating from an inversion of the Treasury yield curve — when short-term rates break historical norms and trade below their longer-term counterparts — have gone too far.“So far, credit spreads have remained well behaved, which also suggests to us
Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies.
The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.
Apart from Binance GBP, Binance is reportedly planning to introduce an array of other stablecoins backed by other currencies, with the exception of the U.S. dollar. Explaining the company’s decision, Zhou said that “from the users’ perspective, only certain portions of the world use the dollar. Other users use other currencies, and we feel it should be reflected in stablecoins as well.”
ocial media giant Facebook is said to reveal its own cryptocurrency later this month.
According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency.
The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin.
In addition, Facebook is reportedly inviting external parties to participate in the network that will empower the cryptocurrency to act as “nodes” for a fee that could be as much as $10 million each.
Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.
Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.
However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)
While it’s unclear how many tokens the three Chinese funds bought, or how many investors besides them participated, one source said Polkadot has been able to sell only 70 percent of the intended 500,000 DOT.
An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect.
The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s 24-hour adjusted transaction volume (USD) by the number of its active addresses to identify how much each active address spends in transactions per day on average.
If TAAR is high, then it means each user (active address) is transacting in high notional values, in other words, the network “quantity” (how much is being spent i.e. transaction volume) is high per the “quality” (how many users are spending the funds i.e. active addresses).
The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.
Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho’s SBT show on June 4.
After saying that the Minister acted properly in blocking the project that “wanted to teach the Indian to use bitcoin,” the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:
WorkFork Online Hackathon begins at 19:00 (GMT+2).
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So after the powerfull drop that we experieneced yesterday, we touched and tested the support line at 0.34$ and till now this support is holding us. However, be very carefull, if the BTC is continuing to drop, this support line will be break for sure also on the STEEM. So as I suggested on the BTC, I would advice you to wait to see which will be the next direction because currently this is impossible to know it, just propabilities.
Netflix went digital and ended Blockbuster’s physical distribution reign.
Source Image
The same thing is happen with the distribution of games. So it was a no-brainer for me to conclude Gamestop was dead money and was going to $0 in the coming years.
GameStop…Is The Next Blockbuster – Part 2
GameStop Corp on Tuesday halted its quarterly dividend after reporting a 13.3% fall in first-quarter revenue that missed analysts’ estimates, hurt by slowing sales of video games and consoles at its stores.The gaming retailer has been struggling with shrinking profits as consumers shift to downloadable videogames instead of buying physical versions from stores.GameStop also
Chinese-based blockchain platform Neo has implemented a new iteration of its consensus algorithm, the Byzantine Fault Tolerance mechanism (dBFT 2.0), on its mainnet, according to a press release on June 4.
The new algorithm purportedly provides immediate transaction finality. dBFT 2.0 includes a new procedure for reintegrating failed nodes back into the network, and also adds a “commit phase” of consensus, which alleviates forking issues by including a step that forces node assignment to new blocks.
The consensus mechanism dBFT reportedly differs from the ones for top cryptocurrency blockchains Bitcoin and Ethereum because of this commit phase. For Bitcoin, the consensus mechanism is a proof-of-work (PoW) protocol that allows BTC miners to compete on making the next block, which means that there are competing forks on the blockchain.
Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months.
This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback.
A UTC close below the 30-day MA would open the doors to $7,000.
If the ongoing recovery from the MA ends with a UTC close above $8,103 (today’s high), BTC may rise to $8,500 in the next couple of days.
The U.S. Securities and Exchange Commission has sued messenger app maker Kik for its $100 million ICO – which the agency contends was an unregistered securities sale – and the regulator appears to have built up a strong case in its initial court move.
In a complaint filed Tuesday, the SEC alleged that Kik violated federal securities law by not registering its kin token sale. In a response, Kik’s general counsel, Eileen Lyon, said that the SEC’s complaint makes a number of inaccurate assumptions which “stretch the Howey test well beyond its definition” and that the agency’s push will not withstand judicial scrutiny.
Nelson Rosario, a principal at Smolinksi Rosario Law, told CoinDesk that the SEC’s complaint against Kik was similar to others brought against other initial coin offerings, in particular with respect to the evidence that the regulator is putting forth.
Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31.
Money.pl received an email from one of its readers, who stated that Coinroom — which was registered in 2016 — ceased operations overnight and disappeared with customers’ money in April. Some users say they had up to 60,000 zloty (around $15,790) in their accounts.
Before ceasing its operations, Coinroom reportedly sent emails to its customers, containing information about contract terminations. Coiroom customers had only one day to withdraw their money, which was in accordance with Coinroom regulations signed by users. However, customers reportedly claim that some of them got only part of the money, while most of them did not receive their funds back at all.
Binance, the world’s second largestcrypto exchange by adjusted volume, has released its official Trust Wallet on its decentralized trading platform Binance DEX. The news was revealed in a press release shared with Cointelegraph on June 4.
As previously reported, Binance acquired Trust Wallet — an open source, decentralized wallet that initially offered native support for ethereum (ETH) and ETH-based tokens — in summer 2018. At the time, Binance had revealed its plans to list the wallet as the default wallet on its forthcoming decentralized exchange (DEX) — then still under development.
Since then, the exchange has also rolled out support for multiple cryptocurrencies on Trust Wallet — with plans to support tokens based on protocols using proof-of-stake (PoS) consensus algorithms in future.
Scaling Ethereum workshop at University of Toronto.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, exactly like on the BTC chart, we were sitting on a major support line around 0.39$ and the break of it created a powerfull correction. In just some hours, we are about to test the 0.34$ support line which is a drop of more than 10%. Let’s see if that support will hold us or if the purge will continue. We are arriving on a little support on the BTC so we can expect a little stabilization… let’s hope 😉
Three months ago, I wrote about Box’s fourth quarter earnings.
Box Got Crushed
One of the highlights of the earnings announcement was the dismal outlook Box reported. One of their biggest competitors is Microsoft Corp’s OneDrive and SharePoint. Thus, it will be difficult for Box to steal away SharePoint customers. In addition, Microsoft is able to provide OneDrive and SharePoint to customers at a cheaper rate than Box. Personally, I wasn’t surprised by the forecast and the chart suggested price would fall to monthly demand at $14.
Yesterday, Box reported their first quarter earnings. Box beat on earnings and revenue estimates, but reported
Shares of social network Facebook (NASDAQ: FB) slid as much as 9.3% on Monday. As of 3:24 p.m. EDT, the stock was down 7.5%.The stock’s pullback follows news that the Federal Trade Commission (FTC) was assigned jurisdiction to see whether Facebook’s dominance harms competition, The Wall Street Journal reported.“The FTC secured the rights to begin a potential investigation of Facebook and whether it has engaged in unlawful monopolistic practices,” wrote the Journal’s Brent Kendall and John D. McKinnon, citing people familiar with the matter.“The fact that the commission formally secured jurisdiction on those issues suggests it is considering even more
