Monday, November 30

Day: October 13, 2020

Uniswap’s first community proposal seeks to reduce governance thresholds
Crypto News

Uniswap’s first community proposal seeks to reduce governance thresholds

The Uniswap community is currently holding its first-ever vote, set to be completed by October 19. Up for consideration is the reduction of thresholds required to submit governance proposals and quorums.In recent weeks, there has been much discussion and criticism about the protocol’s standing governance framework. A post by the market intelligence platform Glassnode concluded that with its current setup, only Uniswap’s centralized competitor Binance would be able to successfully submit a governance proposal. Though the latest proposal disproves this assertion, questions about the framework’s efficacy remain.Uniswap governance currently requires parties interested in submitting proposals to hold 1% of the total delegated UNI supply, while a 4% quorum is required to pass an affirmativ...
LTC scheme an option to avail the benefit without travelling: FinMin clarifies
Stock News

LTC scheme an option to avail the benefit without travelling: FinMin clarifies

The Finance Ministry on Tuesday clarified reports (including one in ETMarkets.com) that raised doubts over the usefulness of its LTC voucher scheme, saying it actually offers government employees an option to “spend on something other than travel” the money that one may fail to claim for being unable to travel. The ministry said analysts raising doubts over the scheme were basing their arguments on the erroneous assumption that leave travel money can be retained by paying income-tax without travelling.“The government LTC is quite different from Leave Travel Allowance in the corporate sector. A person claiming LTC is not eligible unless he actually travels; if he fails to travel, the amount is deducted from his pay and he may be liable for disciplinary action. He does not have the optio...
Forex Today: Fear rules, dollar wins
Forex

Forex Today: Fear rules, dollar wins

Here is what you need to know on Wednesday, October 14:The American dollar surged on resurgent risk aversion. The usual themes were brought to trading tables, as investors were concerned about the absence of a US coronavirus stimulus package, no progress in Brexit talks, and the continued increase in coronavirus cases which weighs on economic recoveries.House Speaker Nancy Pelosi said that the proposition from the Trump administration was insufficient on health-care issues. She added that “eventually” a deal will be reached, although it seems it won’t be before the presidential election.In the Brexit front, EU’s chief negotiator Michel Barnier said that the EU is united, and will continue to work for a “fair deal” with the UK in the coming days and weeks. It worth noting that UK PM...
U.S. pauses Eli Lilly’s trial of a coronavirus antibody treatment over safety concerns
Business news

U.S. pauses Eli Lilly’s trial of a coronavirus antibody treatment over safety concerns

In this May 2020 photo provided by Eli Lilly, researchers prepare mammalian cells to produce possible COVID-19 antibodies for testing in a laboratory in Indianapolis.David Morrison | Eli Lilly via APEli Lilly's late-stage trial of its leading monoclonal antibody treatment for the coronavirus has been paused by U.S. health regulators over potential safety concerns, the company confirmed to CNBC on Tuesday."Safety is of the utmost importance to Lilly. We are aware that, out of an abundance of caution, the ACTIV-3 independent data safety monitoring board (DSMB) has recommended a pause in enrollment," a spokeswoman Molly McCully told CNBC. "Lilly is supportive of the decision by the independent (Data Safety Monitoring Board) to cautiously ensure the safety of the patients partici...
What Makes a Good Trading Coach, Why Use One and How to Find a Reputable One
Strategy, Technical Analysis

What Makes a Good Trading Coach, Why Use One and How to Find a Reputable One

Do you remember your first miles driving a car for the first time? I bet you had an experienced driver sitting next to you, explaining how to accelerate, when to brake, and how to shift gears.Learning to trade is pretty much similar: Having an experienced trader or coach teaching you how to approach the markets can make a real difference in your trading performance.Following the car analogy, a good coach will teach you when to enter trades (accelerate), how to manage risks (brake), and how to scale in or out of positions (shift gears).Here’s a guide explaining all the benefits of having a trading coach, what to look for, and where to find one.Should You Get a Trading Coach?A trading coach can help you fast-track your learning process and teach you how to trade the financial mar...
Ethereum price back on track to $500 once bulls flip $400 to support
Crypto News

Ethereum price back on track to $500 once bulls flip $400 to support

On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted.Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the Ethereum network has continued to grow.ETH/USDT daily chart. Source: TradingView.comEther follows Bitcoin in a strong intraday rallyWhen Bitcoin price rallies Ether is usually the first beneficiary and this was the case again as BTC price rallied to a key multi-year resistance at $11,500.During bull cycles or even short-term uptrends, Bitcoin follows...
Bank of Korea Preview: Four major banks expectations
Forex

Bank of Korea Preview: Four major banks expectations

The Bank of Korea (BoK) meets on Wednesday, October 14 at 01:00 GMT. The central bank is likely to keep its 7-day repo rate unchanged at 0.5% and as we get closer to the release time, here are the expectations forecast by the economists and researchers of four major banks. Meanwhile, the USD/KRW pair is trading below 1150, the lowest since January.ANZ“We expect the Bank of Korea (BoK) to keep its policy rate unchanged at 0.50%. With its policy rate already so low, the focus has increasingly turned towards other tools including government bond purchases.  Concerns about financial stability risks also support the case against further policy rate reductions.”Standard Chartered“We expect the Bank of Korea (BoK) to keep the policy rate unchanged at its Monetary Policy Committee meetin...
F&O: Nifty50 forms higher lows, cooling VIX add to bullish mood
Stock News

F&O: Nifty50 forms higher lows, cooling VIX add to bullish mood

By Chandan TapariaNifty opened flattish on Tuesday and remained consolidative in a broad trading range between 11,888 and 11,988 levels. The index formed an Inside Bar and a Doji candle, as it traded inside the trading range of last session and then closed flat near the opening zone. However, the index continued to form higher lows for a 12th session, but failed to surpass the previous day’s high and the psychologically important 12,000 mark. Now the index has to hold above 11,850 level to witness a bounce towards 12,000 and then 12,100 levels, while on the downside, major support exists at 11,750 level.India VIX fell 1.96 per cent from 21.12 to 2.71 level. It needs to cool down below the 20-19 zone for the bull’s grip to tighten on the market.On the options front, maximum Put open...
S&P 500 futures are flat with earnings season kicking off, Nasdaq futures jump 1% as Apple gains
Business news

S&P 500 futures are flat with earnings season kicking off, Nasdaq futures jump 1% as Apple gains

U.S. stock futures were mixed on Tuesday as investors waited for the first batch of corporate earnings and looked for updates on a stimulus package.S&P 500 futures were little changed and Dow Jones Industrial Average futures fell 136 points, or 0.5%. However, Nasdaq 100 futures jumped 1% as Apple shares continued their big gains.Third-quarter earnings season kicks off on Tuesday with several major banks slated to report their results, including JPMorgan Chase, Citigroup and Delta Air Lines. Third quarter results overall are expected to decline significantly; however, traders are hoping for surprise to the upside.On Monday, investors rotated out of cyclicals and into technology names after little updates on a fiscal aid package were revealed. The Dow Jones Industrial Average cli...
IBM blockchain powers new app to help firms reopen amid pandemic
Crypto News

IBM blockchain powers new app to help firms reopen amid pandemic

A new application powered by the IBM blockchain aims to help people around the world return to physical encounters amid the coronavirus pandemic.IBM Watson Health, a healthcare-focused arm of tech giant IBM, is launching IBM Digital Health Pass, a blockchain-based app to support global organizations and companies as they start reopening after months of lockdown.IBM Watson stated that the new app can deploy multiple data types like COVID-19 test results and onsite temperature scans to generate a verified health status. With the opportunity to verify health status via the app, individuals can safely access public locations like a sports stadium, airplanes, museums or amusement parks, IBM’s representatives said.Eric Piscini, vice president of the blockchain division at IBM Watson Heal...