Ethereum’s price action has been closely tracking that of Bitcoin’s in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region – a consistent level of support for ETH.This near-term bearishness may be short lived, however, as analysts are now noting that each price dip is worthy of being bought, which comes about as ETH’s Istanbul hard fork quickly approaches.Ethereum Nears Lower-$180 Region as Bitcoin Faces Influx of Selling PressureAt the time of writing, Ethereum is trading down roughly 2% at its current price of $183, which marks a notable retrace from its daily highs of $187 that were set yesterday morning.ETH’s slight sell-off has come about as Bitcoin faces an increasing amount of selling pressure around its current support level of $8,700, which was briefly lost overnight as BTC plunged to under $8,600 before bulls fought back and helped the crypto reclaim $8,700 as support.Over the past several days and weeks, the lower-$180 region has proven to be a support region for Ethereum, although the crypto currently is close to breaching below this support, which could occur in the near-term if BTC faces any further selling pressure.This price action also comes concurrently with Ethereum’s upcoming Istanbul hard fork – set to take place on December 4th – which is the next step on ETH’s journey to being upgraded to Ethereum 2.0.Traders Look to Buy All ETH Dips TraderXO, a popular crypto analyst on Twitter, explained in a recent tweet that he will be buying ETH price dips in the near-term, as long as the crypto continues holding above the key support region that he highlights in the chart seen below.“ETHUSD – Any substantial dip is a buy for me. Nothing macro bearish here until price closes below the range lows,” he said.ETHUSD – Any substantial dip is a buy for meNothing macro bearish here until price closes below the range lows pic.twitter.com/IHiW7kM66K— TraderX0 (@TraderX0X0) November 14, 2019
Galaxy, another popular analyst, pointed out in a tweet that this time of the year is typically a volatile one for Ethereum and other cryptos, and he seems to believe that this volatility will favor Ethereum’s bulls.“That time of the year when $ETH pumps so hard people thinking is going to take over BTC is coming again,” he explained while pointing to the chart seen below.That time of the year when $ETH pumps so hard people thinking is going to take over BTC is coming again. pic.twitter.com/ckmRZfdxSe— Galaxy (@galaxyBTC) November 14, 2019
The coming few hours and days may play a large role in determining the cryptocurrency’s future trend, as any sustained bullishness in the near-term could help spark the next major uptrend.Featured image from Shutterstock.
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Author: Cole Petersen
Alibaba Group representatives have since denied the “partnership” touted by Lolli CEO Alex Adelman. The fissure revealed a common misconception in the blockchain industry.
“One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing program with Lolli. This was done without the knowledge of Alibaba.com,” an Alibaba spokesperson told CoinDesk. “Alibaba.com’s contractor is terminating the relationship with the subcontractor who was working with Lolli. As a result, Lolli should no longer promote or bring traffic to Alibaba.com.”
He added that Lolli “never had the right to claim a partnership with Alibaba.com or imply one with Alibaba Group.”
In response, Adelman said, “There has to be an integration for us to send sales to someone’s site.”
However inflated the promotion of this Singles Day campaign may have been, Adelman’s team wasn’t completely off-base. Contractual agreements seen by CoinDesk appeared to permit the usage of “Alibaba related keywords” in online materials. The startup had already been processing bitcoin rewards for AliExpress shoppers since May 2019.
According to Lolli’s head of communications, Aubrey Strobel, Alibaba.com itself trialed Lolli’s services for 24 hours during the Singles Day campaign, then deactivated “the partnership” after publicity drew attention to the trial, despite the longstanding contract.
Subsequent coverage of the announcement misrepresented the deal as Alibaba accepting bitcoin directly. As CoinDesk reported on Friday, Chinese regulators appear to be gearing up for a renewed crackdown on cryptocurrency exchange-related services.
“It seems as though there was a miscommunication on Alibaba’s end and while that’s unfortunate, we look forward to the possibility of working with Alibaba.com again in the future,” Strobel said in a statement. “In the interim, Alibaba Group’s AliExpress is still live on Lolli.”
As it stands, the root cause of the mixed messaging is unclear.
Blockchain companies often claim to have “partnerships” with brands when they really have an indirect affiliate contract or are merely working on a proof-of-concept. On the other hand, some paperwork with representatives from both parties had already been finalized and payments to shoppers were processed before the now-controversial announcement.
This also underscores the challenge of defining what a “partnership” really means at the intersection of e-commerce and crypto.
What the Lolli team saw as expanding on an existing client relationship during a mainstream holiday campaign by the flagship brand, Alibaba Group viewed as a private and “transactional” deal mediated by third parties, according to the Alibaba spokesperson. From Alibaba’s perspective, this was not an official partnership.
The spokesperson claimed there was no direct contact between Lolli and the Alibaba Group, despite the AliExpress rewards processed. The spokesperson added that Alibaba Group does not work with any bitcoin-related companies.
Alibaba building image via Shutterstock
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Author: Leigh Cuen
ConsenSys chief strategy officer Sam Cassatt is stepping down to launch a new venture fund, Aligned Capital, with the backing of ConsenSys founder Joe Lubin. ConsenSys said Cassatt will stay on with the ethereum venture studio in an advisory capacity.
Speaking Friday at San Francisco’s TransTech Conference, Cassatt said his fund is seeking to raise $50 million for its first round. Aligned will focus on emerging technologies including artificial intelligence, healthcare, cryptocurrency and blockchain, according to a statement from Cassatt.
In a blog post published Friday, Cassatt said the fund is “designed to anticipate civilization-scale, evolutionary changes in human behavior.”
Also backing Aligned is DARMA Capital managing partner Andrew Keys, another former ConsenSys executive. The amount of Lubin and Keys’ capital participation was not disclosed.
Although wholly separate from ConsenSys, Cassatt is looking to apply similar principles employed by his former firm, Cassatt said in a phone interview. While Aligned is still in its infancy, Cassatt said it’s looking to tackle societal issues such as safe artificial intelligence and mental health in the digital age.
“Not only [are we] looking for that societal change, but [we are] noticing that institutions … are no longer serving their purpose,” Cassatt said. “I think we are at a crisis point.”
Joining as an advisor to Aligned Capital is Nichol Bradford, the executive behind the Transformative Tech Lab organizing the Friday event in San Francisco. Nicholas Paul Brysiewicz, the director of development at the Long Now Foundation, is also listed as an advisor. The Long Now Foundation is best known as the entity building the 10,000 Year Clock inside a mountain in western Texas. Angel investor Seth Goldstein will be a venture partner, Cassatt said.
As to the new fund’s long-term vision, Cassatt offered this:
“You can come up with a lot of things as to why something would make some money. We are looking at where there are these momentous stepwise changes.”
Sam Cassatt speaks at Ethereal Summit NY 2019, photo by Brady Dale for CoinDesk
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Author: William Foxley
- Thursday’s game between the Browns and Steelers was almost over when Myles Garrett and Mason Rudolph got into a scuffle that will not be soon forgotten.
- Both teams had slim playoff hopes, and now those hopes have been shattered.
- Garrett and Rudolph must own the blame when their teams miss the playoffs.
Heading into Thursday night’s game, the playoff hopes for the Cleveland Browns and Pittsburgh Steelers were slim at best. Winning the game would only keep those slim hopes alive, not improve them. But thanks to the unfortunate incident between Myles Garrett and Mason Rudolph, those slim playoff hopes are now dead.
Myles Garrett & Others – But Not Rudolph – Already Punished
With a mess like that, it would be best for the NFL to react quickly. They can’t appear soft in any way, shape, or form on someone using a helmet as a weapon—or on anything else that transpired during that debacle. If any of the players involved want to argue mitigating circumstances or plea for leniency, that is what the appeal process is for.
But it looks like the league got this right, with the glaring exception of leaving out Rudolph:
There is no defense for Myles Garrett. He is just lucky that he didn’t connect with Rudolph’s head better than he did. Had he done so, he would probably be looking at something even harsher than he already is. While he is not known for this level of violence, he has committed a few penalties and accumulated some fines already this season. They likely factored into the decision on his punishment:
Some have been critical of Baker Mayfield, which is nothing new, for his comments after the game, but Mayfield did the right thing. That type of violence can not be condoned or excused in any way.
Mason Rudolph Is Not a Victim
Since the incident ended, Mason Rudolph has been busy playing the victim. In his postgame comments, he referred to Garrett’s actions as “bush-league” and “cowardly.” But his were not any better.
After he gets hit, he raises his arms and starts playing the role. But before he charged after Garrett, David DeCastro had the whole situation under control. There was no need for Rudolph to go charging in.
Rudolph fans will say that he was just reacting to the perceived late hit that Garrett laid on him. But it isn’t up to Rudolph to take matters into his own hands. That is for the refs to do and for the league to do when the refs fail.
His actions, in a way, were just as cowardly—because he is hiding behind Garrett’s and not owning them. Garrett’s initial actions—rushing the passer—were just part of a chippy game. How Rudolph reacted is not.
So Much for the NFL Playoffs
The Browns need to win out to have a real shot. To do that, they are going to need their defense to lead the way. In most games, they probably still will. However, without Myles Garrett and his freakish athleticism, it is hard to see the Browns defense containing Lamar Jackson when they face the Ravens again.
That loss, assuming they win every other game, will be enough to keep them out.
As for the Steelers, the offensive line is the one spot they can’t afford to lose anyone. Whether it is opening holes for James Conner (or whoever runs the ball) or giving Rudolph time, they need their best players. But with Maurkice Pouncey on the sideline for three games, their offense is going to suffer—and they will lose games.
And that’s Mason Rudolph’s fault.
This article was edited by Josiah Wilmoth.
Last modified: November 15, 2019 22:02 UTC
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Author: Travis Pulver
- Some gamers in attendance at a Pokemon Sword and Shield midnight launch event had hygiene problems.
- One Redditor found it so bad that they took to the site to vent their frustrations.
- If you’re going out in public, or even if you’re not, you need to take a shower occasionally.
Hygiene can be a thorny issue among gamers. It’s a bit of an overdone stereotype these days, the ‘smelly gamer’. Having said that, when journeying to conventions and other live events it’s all too common to be trapped in a convention hall with hundreds of unwashed people.
Being excited about an event is one thing, but come on. If you’re at a convention that lasts over an extended weekend, you need to shower. What’s even worse is when it’s a one-off event and people still don’t seem to have bothered with their personal hygiene. This is the case for one poor Redditor who found it so bad he had to vent online.
It Went Down at a Pokemon Sword and Shield Midnight Release
The user in question, Willykinz, found themselves at a midnight event for Pokemon Sword and Shield. Apparently, the smell was bad enough to cause some major discomfort. At least it seems that way from the post they made about the whole affair.
They talked about the smell “invading their nostrils” and called the gamers “filthy mongrels.” Honestly, it’s sort of hard to blame them for that reaction. Imagine being all excited for the game to come out, buzzing with anticipation while waiting in line. It’s then that you realize you’re going to have to stand for hours with the rank stench of body odor wafting through the air. Disgusting.
It seems like the others in the thread completely agree with the sentiments of the original post. Many agreed that basic hygiene was important, obviously, while some seemed genuinely angry. There were people literally just lamenting the fact that this cliched type of gamer even existed.
This is a Serious Issue
For real, you should be bathing yourself regularly. This is the case any day of the week, but it’s especially true if you’re going to an event. Not only are you forcing your smells on other people, but it shows you don’t care about yourself at all. Wash your clothes. Wash your body. Maybe even try some deodorant. You shouldn’t be kicking up more of a stink in real life than gamers did online for Pokemon Sword and Shield.
This doesn’t feel like a lesson that grown people need to be taught. If you’re old enough to be up and out of the house alone at midnight you’re old enough to know to take a damn shower. At this point, I just advise people to carry a reverse stinkbomb. It’s basically the inside of a Kinder Surprise filled with crushed up bath bombs and aftershave.
This article was edited by Sam Bourgi.
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Author: William Worrall