I have been following Wynn Resorts and Las Vegas Sands for more than 10 years as these two companies give me a great barometer of the how the global economy is doing.
In April, Las Vegas Sands reported first quarter earnings of $0.91 per share vs expectations of $1.04. Nevertheless, Management stated they expect the gaming market in Macau to recover and spending $2.2 billion in Macau over the next three years. That makes since as the game revenue in Macau dwarfs Las Vegas by a factor of 6X.
John Staszak, an analyst with Argus Research had this to say about Las
Today’s 1st race was red-flagged on the 3rd lap after a horrific crash that claimed the life of 27 year old English road racer Daley Mathison.
The Isle of Man TT organisers released this statement :
“ACU Events Ltd regrets to confirm that Daley Mathison, 27, from Stockton on Tees, Durham was killed in an incident during the Superbike Race today at the Isle of Man TT Races. The accident occurred at Snugborough, just over 2 miles into the Course, on the 3rd lap of the race.
Daley was an experienced competitor and was seeded 19th for today’s race. He made his Mountain Course debut in the 2013 Manx Grand Prix Newcomers A Race, finishing fifth. His TT career included three consecutive podiums in the TT Zero electric bike Race in 2016, 2017 and 2018 including the runner up position in the race last year, representing Nottingham University.
He also achieved an 11th place finish in last year’s Superstock Race and a pair of 13th place finishes in the 2017 and 2018 Senior TT Races.
He set his fastest lap of the Mountain Course – 128.054mph – in the 2018 Superstock race which made him the 34th fastest rider of all time. He set the second fastest TT Zero lap ever with lap of 119.294mph in the 2018 race.
In total he started 19 TT Races with 14 finishes and 3 podiums and won 6 silver and 8 bronze replicas
ACU Events Ltd wishes to pass on their deepest sympathy to Daley’s wife Natalie, his family and friends.”
Daley’s wife Natalie posted this message on twitter.
”
Not something I ever wanted to write but here we go…..
Daley, as Daisy says, is now sleeping with the fairies. That’s all I can bring myself to say right now. The last image I saw of my husband, was of a man so happy with life and so proud of his racing. xxxxxx “
Not something I ever wanted to write but here we go…..
Daley, as Daisy says, is now sleeping with the fairies. That’s all I can bring myself to say right now. The last image I saw of my husband, was of a man so happy with life and so proud of his racing. xxxxxx pic.twitter.com/wWCaDJwUht
2019 RST Superbike result. standings from the 2nd lap were used after red flag.
1. Peter Hickman 2. Dean Harrison +1.782s 3. Conor Cummins + 9.345s 4. James Hillier +41.719s 5. Michael Rutter +54.610s 6. Michael Dunlop +57.316s 7. Jamie Coward +34.100 8. David Johnson +35.049s 9. Gary Johnson +1:17.645s 10. Davey Todd
2019 Supersport race result declared on 2nd lap after red flag due to rain.
Lee Johnston
James Hillier
Peter Hickman
Dean Harrison
Michael Dunlop
Conor Cummins
Gary Johnson
Jamie Coward
Davey Todd
Ian Hutchinson
Locate.im Sidecar TT 1
1. Ben birchall 2. John Holden 3. Alan Founds 4. Peter Founds 5. Ryan Crowe 6. Lewis Blackstock 7. Gary Bryan 8. Conrad Harrison 9. Allan Schofield 10. Gary Gibson
Please vote pcste for witness. to vote for me go to : https://steemit.com/~witnesses scroll down the page and enter pcste into the box (dont use @sign) then click vote.
That is the title to a forbes article from a year ago that I posted about. Wanted to revisit it as we have seen another year of growth in the crypto space.
I’ll revisit a couple items from the piece, but you are welcome to view the article yourself.
Read the full article here: We Need To Shut Bitcoin And All Other Cryptocurrencies Down
Permissionless vs. Permissioned Blockchain
Seems the author’s biggest argument was in regard to this. Which is ironic because if he believes in Permissioned Blockchains then why do we need to shut all crypto down?
An except from the article…
The Problem with Permissionlessness
The problem with
A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.
cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.
The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.
EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.
According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.
The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:
“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”
Let’s talk about bitcoin, toxicity and inclusiveness.
(Boy, my Twitter feed is going to have fun over the next few days.)
To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.
But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let’s see, this scenario is not mandatory to test the 0.43$ level.
I have been preaching for months about how the Smart Money was coming into the Crypto space because when it comes to trading, the Smart Money buy low and sell high, while the retail investor buys high and sells low.
Bitcoin Smart Money Sentiment 8/9/18 – Smart Money Continues To Enter The Crypto Space
Evidence Smart Money Crypto Infrastructure Is Being Built
Be Patient…The Smart Money Is Coming
I recently came across an article on Cointelgraph that quantified what I was saying:
The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating
The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.
The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.
The world’s biggest social media company appears dead-set on launching its own cryptocurrency.
Facebook has yet to announce plans publicly but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.
In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).
The most recent news on the project comes from the BBC, with the British outlet reporting that the cryptocurrency – called “GlobalCoin” internally – will launch in “about a dozen countries by the first quarter of 2020.”
At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.
The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes a dozen legal, financial and technical experts, as well as several key SEC officials.
Yet while some see an opportunity to air the industry’s concerns and get a better understanding of the SEC’s perspective, the forum comes at a time when some major crypto firms are taking a more aggressive tack.
“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”
Most notably, crypto startup Circle said this month it had laid off 30 of its employees, blaming “an increasingly restrictive regulatory climate in the United States” as one factor.
United Statesinsurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30.
The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.
The platform purportedly allows them to automatically compile total payments, net the balance, and conduct a regularly scheduled payment between insurers. State Farm states that the blockchain solution is being tested with real claims data.
Hydrogen platform will release Hydro Pay and TIDE whitepaper by end of May.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we continued to test the resistance line at 0.43$ but we haven’t been able to stay upper and close a candle on that level. The correction is now starting and we already break 2 support line and we are now under 0.39$. Next support line is at 0.34$ so let’s hope this one will hold us.
I last talked about Abercrombie And Fitch three months ago, when they reported their last quarterly earnings and the charts suggested two shorting opportunities.
Abercrombie And Fitch…Setting Up For A Short
Despite a 20% move higher, I think A&F is getting close to levels for shorting the stock, but that’s just my bias, lets go to the charts. The chart suggests to short price at the daily supply at $27.50, but the better level is at $30.50.
Shares of Abercrombie & Fitch tanked Wednesday morning after the teen apparel retailer reported weaker-than-expected same-store sales growth and said it plans to close three more of its
The Commitments of Traders (COT) is a weekly market report issued by the Commodity Futures Trading Commission (CFTC) listing the positions held by commercial traders and the “Smart Money”, the hedge funds and bank institutions in various futures markets in the United States. Since the COT measures the net long and short positions held by speculative traders and commercial traders, it is a great resource to gauge sentiment in the Markets.
On Tuesday, the 10-year bond yield fell to a 19-month low of 2.264% due to the growing concern that the U.S.-China trade war will last longer than anticipated with prolong
The Dow Jones Industrial Average has declined for the fifth consecutive week, its longest such losing streak since 2011.
Specifically, the last time the Dow suffered a five-week losing streak was in June 2011, nearly eight years ago. After that, the index dropped another 7.5% in the subsequent three months, per data from Schaeffer’s Senior Quantitative Analyst Rocky White.
During the current losing streak, the Dow has surrendered less than 5%. Since 1900, there have been just eight similar streaks, after which the blue-chip barometer also experienced weaker-than-usual price action.
Almost any way you slice it, five-week losing streaks tend to precede weaker-than-usual
China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places. The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation.
Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While it scored well for creativity, it placed behind EOS in the score for basic technology.
XRP is teasing a long-term bullish reversal, with a surge in price and a bullish chart pattern likely to occur next week. The world’s third largest cryptocurrency by market capitalization is currently trading at $0.413 on Bitfinex, representing a 27 percent gain on the opening price of $0.3249 seen May 1.
If prices stay above the current level till May 31, the resulting monthly gain would be the biggest since September 2018. Back then, the cryptocurrency had rallied 73 percent from $0.3350 to $0.5820.
The rally seen this month appears modest in front of the stellar gains registered in September 2018. The cryptocurrency, however, may produce much bigger gains in the following months as a widely tracked long-term technical indicator is about to turn bullish.
A cryptographic solution called zero-knowledge proofs (ZKP) could help notoriously slow decentralized exchanges (DEXs) reach speeds comparable to more traditional platforms.
San Francisco-based DEX startup 0x is partnering with the Israeli software-as-service company StarkWare to test a ZKP solution called StarkDEX, which can process roughly 500 transactions per second.
StarkWare CEO Uri Kolodny told CoinDesk the goal is clear: “Non-custodial trading at scale.”
Speaking to how ZKPs could be implemented in the 0x DEX ecosystem, 0x marketing lead Matt Taylor told CoinDesk: “Our goal is that by the end of this year we’ll have this in production, on mainnet, so that people can actually use this technology. … We intend to have this be a core part of the 0x DEX stack.”
In the relentless cat-and-mouse game between regulators and cryptocurrency developers, the cats are about to add some serious firepower – this time in the form of a global alliance.
But if you think the intergovernmental Financial Action Task Force’s forthcoming know-your-customer (KYC) compliance standards spell the end for the mice, think again. If anything, the FATF’s move, expected to be released next month, will drive developers to accelerate work on non-custodial exchanges and other tools that will make it easier for end-users to transact directly outside of regulated intermediaries.
As CoinDesk managing editor Marc Hochstein explained last week , the new rules are likely to require exchanges and other custodial entities that take custody of their customers’ cryptocurrency to obtain identifying information about both parties before allowing a transaction over their platforms.
UOnline cryptocurrencypaper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto on May 24.
According to the post, the bad code was in effect by August 2018, and was only recently patched out as of May 23. The live code on the website is reportedly supposed to be open source and audited on GitHub, but there were differences detected between the two. After researching the live code, Denley concluded that the keys were deterministically generated on the live version of the website, not randomly.
“Our co-founder Mo, @no89thkey will host an AMA on Tuesday, 5/28, 8:00-8:30PM (PST). ”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
It is done now, the resistance line at 0.39$ is now broken. As you can see on the chart, we are now blocked by the resistance line at 0.43$ but I think that this resistance could be broken much more easier than 0.39$ which was a big resistance line since weeks now. We are having a little consolidation now but we could try to break that resistance line at 0.43$ very soon.
