EOS, Ethereum and Ripples XRP Daily Tech Analysis August 10th, 2020 – Yahoo Finance

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EOS

EOS fell 1.20% on Sunday. Partially reversing a 1.89% gain from Saturday, EOS ended the week up by 2.95% to $3.0277.

A bullish start to the day saw EOS rise to an early morning intraday $3.0821 before hitting reverse.

Falling short of the first major resistance level at $3.1117, EOS slid to an early afternoon intraday low $2.9318.

EOS fell through the first major support level at $2.9968 before finding support.

A late recovery saw EOS move back through first major support level to wrap up the day at $3.00 levels

At the time of writing, EOS was up by 0.46% to $3.0416. A bullish start to the day saw EOS rise from an early morning low $3.0284 to a high $3.0450.

EOS left the major support and resistance levels untested early on.

EOS would need to avoid a fall through the $3.0139 pivot level to support a run at the first major resistance level at $3.0959.

Support from the broader market would be needed, however, for EOS to break out from Saturdays high $3.0821.

Barring an extended crypto rally, however, the major first resistance level at $3.0959 would likely cap any upside.

A fall through the $3.0139 pivot would bring the first major support level at $2.9456 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $2.8636.

First Major Support Level: $2.9456

Pivot Level: $3.0139

First Major Resistance Level: $3.0959

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum fell by 1.78% on Sunday. Partially reversing a 4.67% rally from Saturday, Ethereum ended the week up by 4.90% to $390.41.

A bullish start to the day saw Ethereum rise to an early morning intraday high $401.00 before seeing red.

Falling short of the first major resistance level at $406.32, Ethereum fell to an early afternoon intraday low $384.02.

Steering clear of the first major support level at $382.44, Ethereum recovered to $390 levels to limit the downside.

At the time of writing, Ethereum was up by 0.58% to $392.68. A bullish start to the day saw Ethereum rise from an early morning low $390.41 to a high $393.42.

Ethereum left the major support and resistance levels untested early on.

Story continues

Ethereum would need to avoid a fall through the $391.81 pivot to support a run at the first major resistance level at $399.60.

Support from the broader market would be needed, however, for Ethereum to break back through to $399 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $400 should cap any upside.

A fall through the $391.81 pivot would bring the first major support level at $382.62 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $374.83.

First Major Support Level: $382.62

Pivot Level: $391.81

First Major Resistance Level: $399.60

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP fell by 2.56% on Sunday. Reversing a 0.40% gain from Saturday, Ripples XRP ended the week down by 0.04% to $0.28781.

Tracking the broader market, Ripples XRP rose to an early morning intraday high $0.29582 before hitting reverse.

Falling short of the first major resistance level at $0.2994, Ripples XRP slid to a mid-afternoon intraday low $0.28207.

Ripples XRP fell through the first major support level at $0.2907 and the second major support level at $0.2860.

Finding late support, Ripples XRP briefly revisited $0.29 levels before easing back into the deep red.

The first major resistance level at $0.2907 pinned Ripples XRP back late in the day.

At the time of writing, Ripples XRP was up by 0.46% to $0.28914. A bullish start to the day saw Ripples XRP rise from an early morning low $0.28821 to a high $0.28992.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move through the $0.2895 pivot to support a run at the first major resistance level at $0.2969.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.29 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturdays high $0.29852 should cap any upside.

In the event of a breakout, the second major resistance level at $0.3059 could come into play.

Failure to move through the $0.2895 pivot would bring the first major support level at $0.2804 into play.

Barring another extended crypto sell-off, Ripples XRP should avoid the second major support level at $0.2730.

First Major Support Level: $0.2804

Pivot Level: $0.2895

First Major Resistance Level: $0.2969

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis August 10th, 2020 - Yahoo Finance

First Mover: Ethereums Transition to Staking Could Push More Traders to Use Derivatives – CoinDesk – CoinDesk

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Ethereums biggest-ever upgrade is supposed to make the blockchain network faster and more efficient. But the new staking system could lock up so many of the networks native ether tokens that investors who want to trade them may have to rely on derivatives markets.

The blockchain, the worlds second-biggest, currently uses a validating mechanism similar to larger Bitcoins known as proof-of-work, where new data blocks and transactions are confirmed via power-hungry computers solving complex cryptographic puzzles.

Youre readingFirst Mover, CoinDesks daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you dont have to. You cansubscribe here.

Under Ethereums multi-year upgrade now underway, the network would shift to a proof-of-stake model, where investors validate transactions by staking ether on the blockchain in exchange for token rewards. Its a bit like depositing dollars into a bank account for interest, paid out in dollars.

A possible consequence, though, is the new staking system could soak up as much as 30% of the ether tokens in circulation, based on estimates from Adam Cochran, a partner at MetaCartel Ventures, a decentralized investment firm. An address needs to stake at least 32 ether tokens, worth about $12,400 at the current price, to become a validator in the proof-of-stake model.

Its possible to see a future scenario where the incentive to keep assets locked up on-chain is so great as to remove some liquidity from the market, says Diogo Monica, co-founder and president of the digital-asset custodian Anchorage, told CoinDesk in an email.

Lost liquidity

In May, a survey by the Ethereum developer Consensys found that 65% of ether investors were planning to stake the cryptocurrency under the new system, known as Ethereum 2.0, and half of those wanted to run validator nodes.

Most staking mechanisms have a lock-up period. Rocket Pool Staking, an Ethereum 2.0 staking service, offers staking terms ranging from three months to a year.

Some ether tokens might get locked in staking as the network upgrade proceeds. Ethereum 2.0 is being rolled out in three phases of what could end up being a multiyear process, with the original proof-of-work blockchain running in parallel until the two networks are merged at Phase 1.5.

Wilson Withiam, a research analyst at the cryptocurrency data firm Messari, told CoinDesk that ethers sent to the deposit contract will likely remain locked up until Phase 1.5, and that could cause a decline in the amount of ether readily available.

Staking derivatives market?

Cryptocurrency analysts say ether-staking yields of 3% to 5% would be so tantalizing at a time when government bonds carry near-zero or even negative yields that few investors would opt to leave their tokens in Uniswap or other decentralized trading systems where they could be accessed by traders.

In that case, people will have an incentive to create ways to buy and sell ether shares that abstract whether the underlying asset is currently being staked, Monica said.

Derivatives might be a solution.

Fixed income from staking could even be packaged as a distinct product. Holders who stake their coins could create voucher tokens representing a claim on the stake. Then they could trade the tokens for ether or other cryptocurrencies. So buyers could capture the yield without having to own the underlying asset.

As an alternative to selling voucher tokens, holders could deposit ether as collateral on decentralized lending and borrowing platforms.

Messaris Withiam says he thinks staking derivatives are inevitable.

It will give traders access to tradable assets so that they can continue to do what they do best, Withiam said. Exchanges will be able to offer new markets around these assets and potentially lock customers within their product suite if the synthetic assets arent transferable outside of the exchange.

For now, all this really just amounts to speculation over how speculators will want to speculate on ether.

But theres no lack of motivation: Plenty of cryptocurrency analysts say its possible ethers price could jump as demand increases for tokens to stake. Ethers price has tripled this year to about $390. Such returns far exceed bitcoins 56% gain on the year.

Financial incentive to buy and hold both increases the security of the network, and could lead to dramatic price appreciation, said Connor Abendschein, an analyst at the research firm Digital Assets Data.

Tweet of the day

Bitcoin watch

BTC: Price: $11,509 (BPI) | 24-Hr High: $11,521 | 24-Hr Low: $11,045

Trend:Bitcoin is showing signs of life with a near 3% rise to over $11,500 on Wednesday after a lackluster day yesterday.

The bulls will be hoping to maintain a foothold above $11,400, having failed to keep gains above that level in the previous two trading days. If successful, stronger buying interest may emerge, pushing prices to the psychological hurdle of $12,000 last put to test on July 27.

However, if the market fails to absorb selling pressure above $10,400, a re-test of the daily chart support at around $10,900 may be seen.

A continued bullish scenario looks likely with gold, an inflation-hedge, rallying to record highs above $2,000 and the U.S. dollar losing ground across the board. Both bitcoin and gold have recently moved in tandem, with Goldman Sachs warning that the greenback could lose its global reserve status.

The overall bias will stay bullish as long as prices are held above the former hurdle-turned-support at $10,500 (February high).

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy – Cointelegraph

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When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) not just in terms of providing a scalable development platform for decentralized apps, or DApps, but also in terms of a well-funded project with great support, and one that could rival Ethereum as the second-ranked cryptocurrency.

So far, while EDApps OS is definitely a worthy competitor, its hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State of the DApps. Nevertheless, EOS remains a top competitor, mainly due to its superior throughput. Facilitating over 700,000 transactions in 24 hours, EOS can currently handle around 20 times the volume of Ethereum. This also translates into user numbers, with EOS now catching up.

Ethereums 2.0 upgrade is looming ever closer on the horizon, promising to level up scalability through sharding. So, how will the new and improved version of Ethereum measure up to EOS?

Ethereums ongoing challenges with scalability have been one of the most pressing drivers for the 2.0 implementation. Currently, the platform can support around 30 transactions per second, which causes frequent network congestion and spiraling gas fees.

Ethereum co-founder Vitalik Buterin has indicated that ETH 2.0 implementation will bring a vast improvement, ultimately achieving 100,000 transactions per second, or TPS, with the help of the sharding mechanism, which enables parallel execution by splitting the blockchain into pieces. However, although the first phase of the Ethereum upgrade will happen by the end of summer 2020, only the final phase which is around two years away will implement sharding, bringing about the assured 100,000 TPS speed.

In contrast to Ethereum, EOS was designed from the start with scalability in mind, and is achieved by enabling parallel transaction processing while keeping the number of block producers small, speeding up throughput. EOSs scalability, in comparison to Ethereum, contributed to much of the buzz generated around the project from the time it started selling tokens in 2017 to its first launch in 2018. Currently, the maximum throughput achieved on EOS stands just shy of 4,000 transactions per second.

Therefore, theres every chance that Ethereum 2.0 could contend with EOS by the time its implementation is finalized. However, this assumes that EOS will maintain the same transaction speeds it can currently handle. EOSIOs strategic vision lists scalability as one of the platforms priorities, detailing various methods that can enhance vertical and horizontal scaling and parallel smart contract execution. Dan Larimer, chief technology officer of the company behind EOS, Block.one, told Cointelegraph that EOS will continue to hold the edge over Ethereum in that metric:

EOSIO will continue to be the faster option in single shard applications, given that its entrenched in the architecture level, and Ethereums 2.0 release will account for more applications on its platform, but not bigger ones.

Interestingly, inter-blockchain communication also features among the EOSIO priorities. Larimer clarified that interoperability between blockchains could be another area for EOS to excel, adding, Were strongly encouraging interoperability solutions, like our recent EOSIO Challenge winner eosio.evm, that empower developers to keep using and scale their legacy ethereum smart contracts.

Beni Hakak, CEO of LiquidApps which runs the DAPP Network told Cointelegraph that he believes the interoperability will bring about a future where both platforms will operate in harmony for the benefit of developers:

The future is multi-chain, giving developers the opportunity to blend together the advantages of various chains, allowing them to optimize their dApps for performance and cost-efficiency in a way that best fits their end-users. Developers can choose the base layer based on their specific use case, and interoperability will give them the freedom to migrate to a different chain.

Ethereum is arguably more decentralized than EOS. Currently, anyone with the right mining equipment can join the Ethereum network and become a miner. The first stage of the ETH 2.0 implementation will involve a move to proof-of-stake, with the minimum stake set at 32 ETH. Anyone who can reach this barrier can still join the network as a validator to compete for block rewards.

A vast interest in staking led some analysts to suggest that there may be a price rally resulting from large quantities of ETH being put out of circulation. Whether mining or staking, Ethereums decentralized network makes it secure against attack, because the cost to attack the network is almost prohibitively high.

So far, one of the biggest criticisms of EOS is its centralization an integral part of the platforms design. The delegated proof-of-stake consensus only ever allows a fixed number of 21 block producers, with token holders entitled to cast their votes for who gets to participate as one of the group.

However, the number of block-producing nodes isnt the most pressing concern. Claims around lack of voter engagement, vote-buying and concentration of tokens into the hands of a powerful few have prompted concerns about the balance of power within EOS. Last year, news emerged that multiple block producers were possibly being operated by a single entity. In this respect, if a powerful party turned malicious, they could attack the EOS network.

Nevertheless, Vitalik Buterin himself has previously shown support for the EOS governance model, recognizing that although its centralized, it does avoid the problems that emerge from decentralized blockchains.

The respective teams behind EOS and Ethereum development are a fairly good reflection of how each platform operates. The ETH 2.0 team isnt a single coherent entity. Rather, there are several teams working on different iterations of the platform. Among them are well-known names in the blockchain community, including Vitalik Buterin, Justin Drake and Vlad Zamfir.

On the other hand, while EOS is open-source, the company that originally built the platform, Block.one, continues to develop it today. Block.one is headed by CEO Brendan Blumer and Daniel Larimer, Block.ones chief technical officer and the architect of both the delegated proof-of-stake consensus and the Steem blockchain.

The biggest announcement to emerge from the EOS camp in recent months is around the launch of its social network, Voice. The company behind EOS, Block.one, has previously provided $150 million in funding to ensure that the project can operate independently. Meanwhile, most of the news around Ethereum continues to focus on the ETH 2.0 upgrade. Although no timeline is currently set, its widely expected that the first phase will be this year with the final public testnet already confirmed for launch on Aug. 4.

So, despite EOS being touted as the other half of a clash of titans with Ethereum, the two platforms continue to co-exist without a clear winner emerging. However, the promise of vastly improved throughput from Ethereum 2.0 does make it a more serious contender for EOS in the scalability stakes.

Nevertheless, a more centralized design of EOS arguably gives the platform an agility edge over Ethereum. Therefore, theres every possibility that EOS could pull off a scalability or interoperability upgrade before Ethereum 2.0 is fully implemented.

Either way, there isnt any reason why the two platforms cant continue to operate side-by-side in the future, as developments in interoperability could even see them start to play together in a way that has not been possible to date. As Hakak of LiquidApps put it: Each chain serves a purpose, and brings its own functionalities and its own advantages to the table. We arent far from a point where dApps would combine Ethereum and EOS technology without the end-user being exposed to the backend.

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Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy - Cointelegraph

ChainLink (LINK) Hitting $32 is Possible but Risky – Crypto Analyst – Ethereum World News

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In summary:

Over the past few weeks, ChainLink (LINK) has proven to be the proverbial fastest horse in the crypto markets. LINK seems to be setting a new all-time high value every 24 hours with its current one being $14.46 set only yesterday, August 9th.

It is with this brief background that Timothy Peterson of Cane Island Alternative Investors, has highlighted the possibility of LINK hitting $32 by the end of the year.

However, Mr. Peterson has also warned that such a parabolic move up would not be sustainable. He added that investors who would be lured to buying LINK at such levels, risk losing 50% of their investment or even more.

Mr. Petersons exact statement was as follows.

Did some quick analysis of #chainlinks network growth rate and historical deviations in price put

Investors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.

Mr. Peterson has on more than one occasion, hit the nail on the head with his analysis of ChainLink and Bitcoin.

Firstly, and in early July, his modeling of LINKs price using Metcalfes law had estimated an $8 value of ChainLink by August. Checking the charts, LINK has since exceeded this value and almost doubled it at its current price of $13.45 Binance rate.

Secondly, Mr. Peterson had also used his Metcalfes model to predict that Bitcoin would hit $10k before mid-August. Checking the charts once again reveals that Bitcoin has overshot his estimates by a cool $2,000.

Thirdly, and in mid-July, he had predicted that ChainLink would eclipse Bitcoin SV (BSV) and Bitcoin Cash (BCH) in terms of market capitalization. Taking a brief look at Coinmarketcap reveals that LINK has surpassed BSV and claimed the number 6 spot. Mr. Peterson has since updated his comments regarding LINK flippening BCH as seen in the following Tweet.

Approximately $533 Million in market cap separates LINK from Bitcoin Cash. This means that LINK needs only be valued above $16.169 to take the number 5 spot from Bitcoin Cash.

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ChainLink (LINK) Hitting $32 is Possible but Risky - Crypto Analyst - Ethereum World News

Ethereum (ETH) Down $4.64 in Last 4 Hours, Started Today Down 1.83%; in an Uptrend Over Past 90 Days – CFDTrading

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Ethereum 4 Hour Price Update

Updated August 10, 2020 11:20 AM GMT (07:20 AM EST)

Ethereum is down 1.17% ($4.64) since the last 4 hour candle, marking the 2nd candle in a row it has gone down. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

The back and forth price flow continues for Ethereum, which started today off at 390.28 US dollars, down 1.83% ($7.28) from the day prior. The change in price came along side change in volume that was up 12.22% from previous day, but down 72.95% from the Sunday of last week. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.

Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 19 out of the past 30 days.

Behold! Here are the top tweets related to Ethereum:

Nobody wants DeFi to run on shitty consensus systems that are prone to all kinds of abuse, $EOS cartels are a good example, $TRX is a joke and $ADA is still far far awayEthereum still wins in that regard which is why DeFi is built on EthereumTo win, governance will be key

The creator of Ethereum cant confidently tell you what the total supply of ETH is, what it will be in the near or medium term, nor what it will be in the long term.Only that there will be more created based on his & his cronies subjectivity. This isnt crypto, its fiat.

One good thing that came out of this, imo, is that it helps shed light on the differences between the two communities.Hardliner bitcoiners dont understand Ethereum people at all, and vice versa. Its really quite amusing, given how obsessed the 2 camps are with each other /12

For a longer news piece related to ETH thats been generating discussion, check out:

Vitalik Buterin highlights the importance of EIP-1559 to Ethereums supply | CryptoSlate

If youve been following Ethereum over recent months, the term EIP-1559 has likely come up many times.CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article.None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. 2020 CryptoSlate.

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Ethereum (ETH) Down $4.64 in Last 4 Hours, Started Today Down 1.83%; in an Uptrend Over Past 90 Days - CFDTrading

Ethereum: This DeFi token might start a big rally soon Head of DTC Capital – Crypto News Flash

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The Ethereum DeFi remains one of the most attractive sectors of the crypto market. Yield farming investors are still on the hunt for the next star in the DeFi token sky, which promises exorbitant profits. The head of DTC Capital, Spencer Noon, has joined the search and identified the next star.

In a post to his more than 20,000 Twitter followers, Noon said that the CRV token of the Curve Finance protocol will be the next sensation in Ethereums DeFi sector:

The cat is out of the bag, thats right. CRV is probably the next big domino to fall that will put the DeFi back into a frenzy. Thats what happens when youre a critical infrastructure for farms, they have huge daily volumes, plus a thin table top.

Noons Tweet is a reaction to the announcement of the launch of the CRV token. The launch, which Noon described as the largest event in the DeFi sector in August, is part of a change to the governance model of the Curve Finance protocol which will move to a decentralized autonomous organization (DAO). As part of this, the CRV token will be used by the CurveDAO as part of its new governance model, which will give its users more decision-making power.

Like the YFI token of the year.finance protocol and the LEND token of the Aave protocol, among others, many of the major protocols in the DeFi sector have changed their governance models in recent months to become more decentralized. Incentives for investors have caused the price of these tokens to skyrocket within hours of their deployment.

The governance token for the Curve Finance protocol, CRV, will be distributed to liquidity providers. Therefore, there will be no public sale of or ICO. Users who have given liquidity to the protocol will be able to receive the token retroactively from day 1, as announced by the Curve Finance team.

The total supply of the token will be 3.03 billion. It will be distributed as follows: 62% to liquidity providers, 30% to shareholders with 2 to 4 years vesting, 3% to employees with 2 years vesting and 5% that will go to the community reserve. The initial supply of the CRV token will be around 1.3 billion or at around 43% whereby 5% will be allocated to pre-CRV liquidity providers with 1 year vesting, the rest will have the same distribution mentioned above.

A member of the Curve Finance team announced that this first stage has been completed. According to the publication of the Curve team member, CRV pre-launch period ended at block 1.062.759. In addition, the following was announced:

We are also happy to announce that pre-launch liquidity providers will receive 5% of the total supply compared to the 3% initially announced. This brings the total CRV share to be distributed to liquidity providers to 62%.

It remains to be seen how Curves token will perform at launch. However, as Noons statements indicate, there seems to be enough hype to assume that there could be a big rally. In similar cases, as with the YFI token, investors saw gains of 11.000% just one week after the launch.

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Ethereum: This DeFi token might start a big rally soon Head of DTC Capital - Crypto News Flash

Weiss Ratings: Cardano has best technology, Ethereum ahead of Bitcoin – Crypto News Flash

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The rating agency Weiss Ratings has updated its ranking of the best cryptocurrencies worldwide. Various metrics such as the market situation, adaptation, technological progress or investment risk are incorporated into the ranking. In the latest ranking update, Ethereum now ranks first in the overall evaluation, ahead of Bitcoin and Cardano.

Source: https://weisscrypto.com/en/coins

With the upcoming launch of Ethereum 2.0 and the progress in development Ethereum has made, Ethereum has been able to put down a strong rally in the last few days. Furthermore, the growth of the DeFi sector has brought new capital to the market, which is also reflected in Weiss ranking. The agency especially appreciated the technological progress of Cardano.

The analysis team around Juan Villaverde has had the Shelley Hard Fork on its watch list for quite some time. According to Weiss Ratings, this step has made Cardano Blockchain the project with the best technology (freely translated):

Shelley is already reflected in our technology model because we had full confidence that he would come out with this (fork). We are also thinking about the same model that Cardano is capable of doing intelligent contracts and dApps, because we believe that these things will come out eventually, so when Cardano pushes a code update, it doesnt really reflect our ratings, unless there is something new on the roadmap that wasnt there before As the basics for the block chain, i.e. Cardano, improve over time, it will be reflected in our reviews.

However, Weiss Ratings does not only evaluate cryptocurrencies with a large market capitalization, but also smaller projects such as Cosmos (ATOM), Tezos (XTZ) or Fantom (FTM) are to be found in the top positions in the ranking of technical factors. Despite the current rally, the agency says that the current technical chart patterns indicate that a further upward movement is imminent.

Nevertheless, market participants are particularly alert at the moment, as another correction like last weekend, when Bitcoin fell by more than USD 1,500 in a few minutes, could quickly wipe out the current gains (freely translated):

This weeks pattern suggests that the crypto-markets are not yet frothy and that higher prices are yet to come. Normally we see the smaller legacy coins outperforming the broad crypto market as the rally enters its later stages.

The fact that the rally we have seen so far as remarkable as it has been has focused primarily on high quality names shows us that caution among crypto-market participants remains high

Weiss Ratings has been offering analyses from the financial market for more than 30 years and since 2018 also offers regular assessments of the largest and most valuable projects in the cryptomarket. Weiss Ratings is not undisputed in the crypto scene. Some critics argue that the rating of individual metrics is too opaque and thus lacks transparency to some extent.

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Weiss Ratings: Cardano has best technology, Ethereum ahead of Bitcoin - Crypto News Flash

VeChain (VET) Has a Relatively Low Correlation to Bitcoin – Ethereum World News

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Quick take:

Many crypto traders and investors across the world are becoming more bullish with the markets as Bitcoin (BTC) maintains its resilience after breaking $10k and $11k in quick succession. Usually, a rapid increment in the value of Bitcoin usually has a detrimental effect of altcoin pairs denominated in BTC. However, some altcoin such as VeChain (VET) seem not to be affected as much by Bitcoins positive gains as shall be illustrated.

Compared to other altcoins such as Ethereum and Litecoin, VeChains (VET) correlation to Bitcoin is relatively low. According to the team at Coinpredictor, the VeChain correlation to Bitcoin stands at 0.37 as compared to 0.68 for Ethereum and 0.83 for Litecoin. They go on to explain the relationship between VET and BTC as follows.

According to the correlation analysis, BTC and VEN have a moderate positive relationship.The correlation coefficient of their prices is 0.37, which was estimated based on the previous 100-days price dynamics of both assets.

This Correlation value from Coinpredictor may vary from -1 to 1 where -1 is the strongest negative correlation and 1 as the strongest positive correlation. Furthermore, a value of 0 indicates that there is no correlation at all. In the case of VeChain, a value of 0.37 points to VET not being as affected by Bitcoins sudden price movement when compared to other altcoins.

A good way of validating VeChains (VET) relatively low correlation to Bitcoin, is the analyses of the VET/BTC chart. If the two digital assets were highly correlated, the chart would be less exciting as it would indicate that with every pump or dump of Bitcoin, VeChain would follow a similar path. As a result, the value of VET denominated in BTC would not fluctuate as much.

Further dissecting the daily VET/BTC chart courtesy of Tradingview, the following can be observed.

Summing it up, during bullish periods in the crypto markets, some altcoins start to display patterns that are different from the rest. In the case of VeChain, the digital asset seems to have a relatively low correlation to Bitcoin when compared to other altcoins.

Furthermore, a quick analysis of the VET/BTC chart reveals that VeChain could be gearing up for another push up.

As with all analyses of altcoins such as VeChain, traders and investors are advised to use stop losses and low leverage to protect trading capital.

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VeChain (VET) Has a Relatively Low Correlation to Bitcoin - Ethereum World News

The Number of Active Ethereum Addresses Impacts Its Price Positively – Ethereum World News

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In summary:

Ethereum (ETH) is gaining more than 3% to cross the coveted 400$ barrier for the second time this month. Yesterday, Ethereum reached a closing price of 390.66$ (CoinMetrics), a record-high since July 2018 amid spikes in the number of ETH active addresses and transactions. According to data analytics firm Glassnode, the number of daily active addresses crossed the 482,000 levels last week, a year-high value and the highest since mid-2019.

High Relationship between ETHs Price and Active Addresses

Since the beginning of the year, ETH price and the number of active addresses are correlated at 60.9% while, during 2019, this relationship was higher slightly over 76% showing a high relationship between Ethereums price and the number of active addresses holding ETH.

Active Addresses Influence ETHs Price

Our analyses reveal that, in 2020, when the number of active ETH addresses increase by 1%, its price increases, on average, by 0.18% the same day. As such, investors have available another on-chain metric that allows to have a statistically significant relationship with returns, allowing to define intraday strategies.

On the same line, in 2019, this relationship was as significant as in 2020, but of a lower magnitude: when the number of active ETH addresses would increase by 1%, its price would increase, on average, by 0.07% the same day.

Will ETHs Price Reach 500$?

Since the start of the year, Ethereum beat Bitcoin as the best performing asset, more than doubling Bitcoins cumulative returns during that period. ETH has maintained a long-term positive trend, setting new yearly-highs, since the March crash.

Ethereum is challenging mid-July 2018 price levels with crypto executives as BITMEXs CEO predicting a new yearly-record at 500$. On-chain indicators as the Ethereums mean hash rate, transaction count and the number of active addresses are also approaching record-levels since the start of the year, suggesting future growth.

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The Number of Active Ethereum Addresses Impacts Its Price Positively - Ethereum World News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto bears dominate, Ripple breaches $0.2900 – FXStreet

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The most favorite crypto coin, Bitcoin, is trying hard to take out stiff resistance just above $11,800, in order to test the $12K mark. Ethereum is the main laggard among the top three cryptocurrencies on Sunday. Ripple breaches $0.2900 after rejection just below the $0.30 barrier. The total market capitalization of the top 20 cryptocurrencies now stands at $356.41 billion, as cited by CoinMarketCap.

The top 3 most favorite digital assets remain on the back while heading into a fresh week, with FXStreets Confluence Detector tool indicating how they are positioned technically.

Bitcoincontinues to keep its range play intact below the critical barrier at $11,817, the confluence of Fib 38.2% 1D, Bollinger Band 4H Middle and SMA5 4H.

The bulls will face an uphill task despite the break above the latter, as a bunch of minor resistance levels are placed around $12,000, where the previous week high and Pivot Point 1D R2 coincide.

Alternatively, minor support around $11,590 caps immediate downside. That level is the intersection of the Fibonacci 61.8% 1W, Bollinger Band 4H Lower and Previous Day Low.

A failure to resist above the aforesaid support, the selling pressure will likely accelerate towards the next cushion aligned at $11,470, the convergence of the Pivot Point 1D S2 and the previous month high.

According to Ethereums near-term technical view, the bearish bias remains intact while the spot trades below the critical resistance at $392, which the intersection of the Pivot Point 1M R1 and Fib 38.2% 1D.

The next upside target is located at $396.75, the confluence of the Fib 23.6% 1D, SMA5 4H and Bollinger Band 1H Middle.

To the downside, a cluster of resistances is stacked up near $388/386, which is the convergence of the Fibonacci 61.8% 1D, Bollinger Band 1H Lower and SMA200 1H.

Rippleextends the break below $0.2900 this Sunday, with the immediate support seen at the Pivot Point 1D S2 at $0.2876.

Amid a lack of healthy support levels below the latter, the sellers will then aim for $0.2785, the Fib 61.8% 1W.

Any recoveries will likely face stiff resistance at $0.2907, the convergence of the Pivot Point 1M R1 and Bollinger Band 15-minutes Lower.

A break above the last will call for a test of $0.2950. Further north, the 0.2983 will be on the buyers radar. At the level, the Fib 38.2% on 1D and 1W coincide.

See all thecryptocurrency technical levels.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto bears dominate, Ripple breaches $0.2900 - FXStreet

Hacker nets over $5 million in Ethereum Classic 51% attack – Decrypt

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The recent Ethereum Classic 51% attack was far from an innocent mistake as some initially suspected, netting the attacker more than $5 million in stolen funds. What's more, the hacker only spent $200,000 to do it.

Bitquery, a blockchain data intelligence firm, released analysis today breaking down the steps the attacker took to pull off the 51% attack against the Ethereum Classic blockchain over the weekend.

Those steps reveal careful planning and an intimate knowledge of the Ethereum Classic blockchain architecture, allowing the multi-million dollar exploit to be completed without immediately alerting blockchain watchers and requiring several days to be uncovered.

In essence, the hacker sent ETC from an exchange to his own wallets, then back to the exchange on the original ETC blockchain. Using more than 51% of available ETC hash power, the attacker then mined thousands of blocks, some containing transactions sending ETC to other wallets he also controlled, instead of back to the exchange. Finally, the attacker broadcast his malicious blocks, causing a reorganization of the blockchain that replaced real blocks with those created by the attacker.

The hacker spent more than 12 hours sending ETC to the exchange to be sold or converted into other currency. After the offending blocks were reorganized into the ETC blockchain, the ledger showed that those transactions sending ETC from wallets back to the exchange never happened, instead remaining in the hackers possession. These double spend exploits are the reason 51% attacks can be so catastrophic for blockchains that are meant to be immutable.

Bitquery analysis indicates that the attacker spent less than $200,000 to perform the malicious mining, using hash power from the nicehash provider daggerhashimoto. Anchain.ai CEO Victor Fang also confirmed for Bitquery that OKEx was the exchange likely targeted by the double spend attack.

Decrypt reported on earlier analysis by head of developer relations at the Ethereum Classic Cooperative Yaz Khoury indicating the apparent 51% attack and chain reorganization could have been the result of unique circumstances where a miner lost internet connection, then submit more blocks than the true chain could manage due to a large mining pool being offline for maintenance.

Whether the attacking miner had knowledge of these circumstances or just caught a lucky break is not yet confirmed. Khoury also contributed to the follow up Bitquery analysis.

Any 51% attack is a troubling sign for the cryptocurrency industry, but the public nature of distributed ledgers and meticulous sleuthing by blockchain watchers may offer hope that exploits will rarely go undiscovered for long.

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Hacker nets over $5 million in Ethereum Classic 51% attack - Decrypt

Litecoin’s (LTC) Daily Active Addresses On the Rise in 2020 – Ethereum World News

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Quick take:

Litecoin is often referred to as Bitcoins little brother and sometimes BTC steals the show as seen with the current bullish market environment. As a result, the analysis of Litecoins on-chain activity is sometimes left to the few. In the case of Litecoin, the number of active daily addresses has been on a steady increment since the year began.

According to data from the team at Santiment, 2020 kicked off with LTC having approximately 60k active daily addresses. That number now stands at around 113,000. Furthermore, the Litecoin network experienced a peak value of active addresses on the 5th of June and at a value of 312,000. The screenshot below provides a better visual cue of the increment of activity on the Litecoin network.

In a previous analysis, it was highlighted that the team at Bloomberg had used the number of active BTC addresses to predict a $12,000 value. Sure enough, Bitcoin hit this mark a few days back.

Using a similar analysis but using LTC transactions, David Schwartz, project director at Litecoin Foundation, has pointed out that the number of daily Litecoin transactions has reached levels last seen in early December 2017. Per his analysis, the use of Litecoin will continue to increase with time and the price of LTC should follow a similar path up.

He explained his thesis via an 8-part Twitter thread that can be accessed via the following Tweet.

Key to his thesis are the following statements that link the use of Litecoin to the value of LTC.

#Litecoin is currently averaging 0.5 trx/s at roughly $59 per coin. This means its average usage has doubled since the start of the last bull run & is gaining steam. So much so, that trxs have outpaced historical price, which means price is not showing its true value.

The usage rate for #Litecoin will continue to climb during 2020 & beyond to much higher than the former high of 2.61 trx/s & should take the price with it over time. This shows that real adoption HAS indeed occurred, even through the 2 year bear market & will continue to grow

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Litecoin's (LTC) Daily Active Addresses On the Rise in 2020 - Ethereum World News

Santiment: Ethereum might face correction DeFi token Ampleforth will rise – Crypto News Flash

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In the midst of an apparent resurgence of the crypto fever, data analysis firm Santiment shared its predictions for Ethereum. According to Santiments analysis and conclusions, Ethereum investors should proceed with caution. The data analysis firm highlights ETHs performance in recent months.

At the time of publication, ETH is trading at $395 with gains of 0.15% in the last 24 hours. In the weekly and monthly charts, ETH shows gains of 23.97% and 62.98% respectively.

Santiment said in a new report that the rise of ETHs price over the last 30 days was predictable. Several analysts have argued that ETH has a variety of reasons for a price boom. First, the hype around the launch of the Ethereum 2.0 mainnet and the start of the final testnet with the deployment of Medalla .

Additionally, the rise in the Total Value Locked on Ethereum DeFi sector. Santiment data shows that the so-called summer DeFi lead to an all-time high of $4.3 billion, as can be seen in the graph below. The majority of the investment has been made in the last two months, following the growth in investor interest in yield farming.

Source: https://app.santiment.net/assets/list?name=DeFi%20Summer@2046#shared

However, the analysis firm says that the rise in ETHs price is too exceptional. According to Santiment the MVRV (Maket Value to Realized Value) metric is at its highest point since February 2014 and the 90-day return is at its highest point since February 2018 with 45.93%. The high percentage in this metric indicates that there will be a correction in ETH price that will precede a possible rise driven by the reasons mentioned above:

Even though the price of $ETH has risen exponentially since its public market trading 5 years ago, the metric, just like for all assets, hovers around 0% due to non-optimal trading strategies, including FOMO and FUD. Often times, when average returns get this high, there will be a likely shake-out upcoming to remove the weak hands. ETH has plenty more upside from these prices, but short-term, things are beginning to look a bit too one-sided into the positive for investors.

Source: https://twitter.com/santimentfeed/status/1290322838470176769/photo/1

Santiment highlighted in a separate report the newcomer Ampleforth (AMPL) and the fast price development of the token. The analysis firm claims that the token has gained popularity and investor confidence, as can be seen in the graph below. Santiment describes investors perception of AMPL as extremely positive with the potential to continue that trend.

Source: https://insights.santiment.net/read/a-new-stablecoin%3A-swings-happen.-ampleforth-5934?utm_source=twitter&utm_medium=post&utm_campaign=twitter_a_new_stablecoin_ampleforth_article_garry_07_31_20

However, the analysis firm also warns of caution. Due to the experimental nature of the token, the Age Consumed indicator that measures confidence in the asset over a longer period of time is shown to be negative. Santiment concludes the following:

Volatility markers are in place. Whales accumulating, crowd is paying attention. There will be redistribution between both. Just the question at what price level. Signs are concerning and not advising anything financially.

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Santiment: Ethereum might face correction DeFi token Ampleforth will rise - Crypto News Flash

Why banks are putting PPP forgiveness on the back burner – American Banker

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The Paycheck Protection Program's forgiveness portal has debuted, leaving bankers and their borrowers with a big decision.

Those who participated in the $659 billion program must determine if they are ready right now to navigate the complex system for having loans forgiven, or if it makes sense to wait and see if Congress intervenes and simplifies the process. That decision was complicated over the weekend when talks about a new round of stimulus collapsed, casting doubt on when or if PPP will get an overhaul.

A number of banks, including JPMorgan Chase, the program's biggest participant with $29.2 billion in PPP originations, plan to hold off on processing applications. The $3.2 trillion-asset banking giant will start the forgiveness process next month, said Kimberly Hooks, a vice president at Chase Business Banking.

JPMorgan Chase is backing a push for automatic forgiveness as it would help thousands of small business owners get back on their feet, Hooks added.

Holtmeyer & Monson in Memphis, Tenn., is taking a similar wait-and-see approach with the 12,000 PPP loans it is servicing for 450 banks.

We had hoped today to actively start taking applications, but we made the decision to hold off, said Arne Monson, the firms president and a co-founder. Were hoping like hell we get automatic forgiveness for loans of $150,000 and below, and maybe a streamlined [process] for those up to $2 million.

An SBA spokeswoman confirmed Monday that the agency's platform began accepting forgiveness applications on schedule, though she did not provide any statistics on opening-day activity.

The SBA stopped accepting applications for new Paycheck Protection loans on Saturday, after Congress failed to extend the programs operating authority. Lawmakers are considering a number of proposals for a revived PPP, including increased funding and letting the hardest-hit small businesses obtain a second loan.

Lenders' willingness to procrastinate, even if it means delaying resolution of billions of dollars in loans, comes as little surprise to many industry observers.

The SBA approved about 5.2 million PPP loans for more than $525 billion before the portal's closure. The program offers low-interest loans to small businesses impacted by the coronavirus pandemic. Funds spent on basic operating expenses are eligible for forgiveness, making the program even more attractive to struggling entrepreneurs, but the process has been rocky, characterized by delays and unclear guidance.

The forgiveness process has been stressful for borrowers and lenders.

The SBA did not release a forgiveness application until mid-May, nearly six weeks after it began approving loans. A month later, following criticism that the original 11-page application was too long and complex, the agency released a streamlined form for self-employed borrowers and those that did not reduce employees wages by more than 25%.

Before July 23, when it released news of the forgiveness platform, the SBA had never indicated where lenders could submit their applications.

Confusion surrounding the process prompted bankers' groups to lobby for blanket or automatic forgiveness for smaller loans. Lawmakers are considering several bills to that effect.

At the same time, a growing number of lenders have opted to bypass the issue by selling their PPP portfolios.

Others, like Holtmeyer & Monson and the $19.8 billion-asset Atlantic Union Bankshares in Richmond, Va., opted to largely outsource the forgiveness process. Monson said his firm turned to a team of certified public accountants in Boston for help answering clients questions; it contracted with Summit Technology Consulting Group in Mechanicsburg, Pa., to package applications for submission.

The arrangement offers our clients a Cadillac solution, Monson said.

Not every bank is waiting for Congress to act on forgiveness.

The $2.2 billion-asset First Choice Bancorp in San Diego opened its online forgiveness portal to borrowers on July 2 and plans to begin uploading applications to SBA in the near future, said Lorraine Lee, its chief strategy officer.

First Choice, which approved nearly 1900 loans totaling $400 million, is definitely submitting forgiveness applications right away, President and CEO Robert Franko added. We want to provide peace of mind to our clients who have their information ready to submit.

For another community bank, the $1.7 billion-asset Greene County Bancorp in Catskill, N.Y., there are no one-size-fits-all forgiveness solutions. The company is ready to split the difference between submitting and holding on to its Paycheck Protection loans.

Greene County, which made more than 1,260 PPP loans for $100 million, believes many of those deals are ready for forgiveness right away. In some cases, however, it may make more sense for some of our clients to wait for further announcements, said Sean DuBois, vice president commercial lending and business development.

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Making A List And Checking It Twice – KRWG

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Commentary: Of all the things I haven't expected in my life, I didn't expect that I'd need to retake second grade. But, thanks to COVID-19, here we are. Here are many of us, back to thinking we escaped worksheets and algebra, only to be pulled back in like an old and tired Michael Corleone in his kitchen.

I remember my first go-around with the second grade, almost 30 years ago. I remember friends. I remember first crushes. I remember being exasperated with the amount of busy work that we did, culminating in a refusal to partake in making a hand-shaped cardboard turkey. The thought still peeves me.

In March, when the bottom dropped out of schooling for my daughter, we made do with her morning Zoom calls. She used my home office, seeing her familiar classmates in small little rectangles on a screen, and came out looking a little dejected. Fall will be better, I assured her. I suspected in May that wouldn't be the case and stopped saying that.

Honestly, I had been slightly ignoring the start date of school creeping up, but about three weeks ago, I received a phone call that I let go to voicemail as I worked. It turned out there was a spot open in a school to which we applied for our daughter during the Before Times. The school had held a lottery back in March. Did we still want her to attend?

I quickly consulted with my husband. Yes, we did. "Great, they said; we're in our second week of classes, so let me send you the teacher email, her new logins, and you'll get codes for getting online." OK, then. Suddenly, all the schooling was in our laps.

Yet, there wasn't just one online system. It wasn't just Zoom and uploading shots of worksheets to a mobile app previously used for reminding me about the monthly school calendar. It was two completely different systems used congruently, one for assignment management and one for doing the assignments sometimes. I think. I still haven't figured that out completely.

With my work, there was a combination of slowly digging out of the quarantine depression and someone else's retirement that hefted more responsibility on my shoulders. I started making a dedicated To Do list to wrap my mind around everything.

On the same day, I got another call offering my son a spot in pre-K. Did we want it? Both schools had already extended their in-person start dates and assured us that if we didn't feel comfortable and we wanted to stay in remote learning for a while longer, our kids wouldn't lose their spots. Deep breaths for me. Yes, we can figure this all out; I can figure this all out. If quarantine toxic positivity Instagram posts tell me anything, it's all about To Do lists. Maybe color-coded ones would be needed.

The following week, after a few emails back and forth with my daughter's new second grade teacher in which we promised we'd catch up and set up a learning area complete with U.S. and state flags, I received very polite emails from another teacher, her coach. My daughter had missing assignments. Were we registered with her online class system?

It might have been the 30 years I don't know. But in a flood of horror, I did more scrolling. She didn't just have one second grade teacher; she had an art teacher, a music teacher and a coach. All with worksheets or activities. All of whom skipped between online programs where we uploaded material, watched videos and uploaded work. And the Zoom links and groups kept coming, none of which my kiddo can do alone.

I came out of my office and put my head down on the kitchen table for a few minutes. More deep breathing. More pushing away the word anxiety mantra of how this was "unsustainable."

Check on your friends with Zoom-age kids. They're not going to be OK soon. They're starting to be knee-deep in an unsustainable lifestyle, complete with one or more eye-rolling mini co-workers stealing their computer and snacks. There are no water coolers for gossip. There are no happy hours. There will, however, be plenty of To Do lists with the hope that we can pull it off as we are pulled back in.

Cassie McClure is a writer, wife/mama/daughter, fan of the Oxford comma, and drinker of tequila. Some of those things relate. She can be contacted at cassie@mcclurepublications.com. To find out more about Cassie McClure and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at http://www.creators.com.

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Making A List And Checking It Twice - KRWG

Jadavpur University says it will do something to reach out to students with no smartphone – Hindustan Times

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Jadavpur University will decide on how to send study materials and class notes to students in the coming semester during this pandemic situation, keeping in mind that many of them do not have smartphones, a senior official said on Thursday.

The university will certainly do something to bridge the digital divide, Pro-Vice-Chancellor Prof Chiranjib Bhattacharya said.

Jadavpur University Teachers Association recently urged the institute authorities to reach out to students who cannot afford smartphones and hence will be deprived of study materials if online classes are taken in the coming semester, JUTA General Secretary Partha Pratim Roy said.

JUTA also submitted a proposal of holding classes through phone calls where a student will interact with the teacher over the phone at a particular time, Roy said, adding that modalities to implement this can be chalked out in consultation with every stakeholder.

We will certainly arrive at a decision in the best interest of students but within our financial ability, Bhattacharya told PTI.

Asked about the possibility of the university arranging smartphones for students not having one due to financial reasons, Bhattacharya said, There are issues like arranging funds for this. We also need to know the number of such students. The pro-VC said that the varsity had not done any survey concerning the number of students not having smartphones, while student unions of arts, science and engineering faculties have carried out a fact check on their own.

We have asked the student unions to share with us the details. We will hold a meeting by next week to discuss these issues and how to make class lectures and other academic activities accessible to the students, he said.

Another varsity teacher said that as per the survey done by students unions, around three per cent of the students in engineering and science faculties do not possess any smartphone.

The figure is higher in the arts stream in which many students hail from remote areas of the state, the teacher said.

Bhattacharya said that the university is also positive about JUTAs proposal for uploading audio or video of teachers lectures in the JU portal which can be downloaded by students of the department concerned.

However, this too will not help students with no internet connection, he said.

Roy said that they had also suggested that the university could make an arrangement with a company so that students can get quality handsets. The varsity could fund the project partly or fully with the help of any grant.

On this, the pro-VC said that there are lots of financial issues involved and We cant take a decision on this in a hurry. Vice-Chancellor Prof Suranjan Das had earlier pointed out that online classes do not reach a sizable section of students as they do not have internet connections.

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The Addictive Joy of Watching Someone Listen to Phil Collins – The New Yorker

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This Augustnormally a bountiful month in which tomatoes ripen on the vine, hydrangea bushes sag with extravagant blooms, and the sunsets can be nearly psychedelicI have found it difficult to hold on to a good feeling. For a lot of Americans, this particular summer has been a season of fear and concernor, at best, a kind of endless, anxious boredom. But one small, pure, reliable pleasure remains: the giddiness of hearing a completely awesome song for the very first time.

For almost a year, Tim and Fred Williams, twenty-one-year-old twins from Gary, Indiana, have made videos of themselves listening to famous songs, and then uploading the videos to their YouTube channel. They sit in elaborate, side-by-side desk chairs, situated in front of a sometimes-unmade bed. Posters of the rapper Tupac Shakur and the boxer Deontay Wilder are taped to a wood-panelled wall behind them. Most of the songs that they choose to play have been suggested by subscribers, and they range from very recent hits to genuine oldies. When I was a teen-ager, certain songs were simply inescapablethey were played endlessly on the radio, or at the mall, or on boom boxes at the community poolbut now listening has become a far more individual and bespoke experience. Its not unusual for a young person never to have heard a hit that people in their thirties or forties might believe to be ubiquitous. (Earlier this summer, a TikTok video of two young women unable to identify pop singles, mostly from the late nineteen-nineties and early two-thousands, caused a brief explosion of consternation and pearl-clutching on Twitter.)

For me, the twins videos are bewitching for many reasons: their sweetness and good humor, the way they quickly recontextualize (and thereby reinvigorate) songs that I have heard thousands of times, andperhaps most importanttheir curiosity and receptivity. These days, voices loudly espousing some self-declared expertise far outweigh the ones saying, Hey, teach me something. The way that the twins remain so open to unfamiliar experiences (they came of age listening to Lil Wayne and Twista but appear genuinely interested in all kinds of music) seems like a rare gift. Graciously and eagerly receiving a recommendation is often a far more generous act than giving one.

Even when the Williams twins do not seem especially worked up about a track, they listen carefully, with a kind of openhearted earnestness. They recently cued up the country singer Blake Sheltons Happy Anywhere, a love song featuring backing vocals from his girlfriend, Gwen Stefani. Part of the songs video appears to have been filmed in a cornfield on Sheltons ranch in Oklahoma, where the couple have been isolating. Tim pauses the video. Grass is really that big? he asks, incredulous. Its as tall as them! Hold up! And hes, like, six-somethingbro, you would not see me in a cornfield. For real, bro. Usually, by the end, they agree that whatever track they have been listening to is pretty great.

In mid-June, they tried Dolly Partons Jolene. Tim has the kind of face that collapses fully into happiness, like a babys expression after he successfully knocks down a tower of wooden blocks. He pauses the song halfway through. Dollyyou got it. You got it! he announces. This is a banger. He and Fred resume the video. By the end, Fred has grown quiet and vaguely melancholy. Dont take her man, man, he says. There is a whisper of Beavis and Butt-Head in the twins videos, but instead of a knee-jerk cynicism and a deep fear of excitementthe exaltation of apathy was a cornerstone of the nineties gestaltthe twins seem eager to be thrilled by something new.

Which is all to sayif you are feeling especially bummed or burned out, fully exhausted by the contents of your home or your own mind, take a moment to watch the twins listen to Phil Collinss In the Air Tonight, from 1981. (Its their most popular video to date, and on Friday it briefly caused Phil Collins to start trending on Twitter.) If you know the song, you know to wait for the very loud and excellent drum fill that arrives, unexpectedly, a little over three minutes in. (We were playing with psychological things. The audience is there going along with you, and then suddenly you knock them on the head with this thing: Bvoom-bvoom! Collins said in a recent interview.) The drum fill on In the Air Tonight is one of the most dependable thrills I knowa very quick path to a certain kind of heady, metaphysical elation. I wish that I had a video of the first time I heard itwhat my face did, whether I made a noise. Connecting instantaneously with a piece of music can feel like happening upon a different world. The twins like the song almost immediately. Yeah, they say, bobbing their heads. O.K.

Phil Collins, hes killing it, Fred declares. They each periodically pound their hearts, as if to reiterate, I feel this.

Eventually, the drum fill arrives. It takes a moment for Tim to process it. He gasps as if hes seen a ghost and then rolls back in his chair. Freds response is more understated, but not by much. Now theyre deep in the pocket, dancing, exhilarated, happy. They pause the clip to gather their thoughts.

That was cold! I aint gonna lie, Philyou got me on that, Tim says, laughing.

I have never seen anybody drop a beat three minutes into the song, Fred adds. Thats unique!

I have rewound this particular sequence many times, simply to revel in its hope. What if there is a song you have never heard before that could still topple you? Maybe its out there, waiting, the twins suggestjust keep listening.

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The Addictive Joy of Watching Someone Listen to Phil Collins - The New Yorker

The Best of Both Worlds Why a Hybrid Cloud Approach Makes Sense for Data Backup and Recovery – Datanami

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(everything possible/Shutterstock)

The use of hybrid cloud environments for office productivity, Enterprise Resource Planning (ERP), and other business applications is no longer an exception increasingly it is becoming the rule. Yet, until recently, hybrid cloud backup and recovery had remained an outlier in the movement to hybrid cloud environments. But were on the cusp of it becoming mainstream.

Hybrid clouds have popped up all over the place, and are no longer anomalies in enterprise IT environments. For example, according to Flexeras recent State of the Cloud 2020 report, 87% of enterprises today have a hybrid cloud strategy.

Companies are embracing hybrid cloud environments because they offer the best of both worlds for their business applications. They offer the scalability, flexibility, and ease-of-management of the cloud, as well as the regulation of on-premises infrastructure for workloads that require high performance or control that cloud services have difficulty delivering.

With hybrid cloud environments companies can choose to use on-premises infrastructure or a cloud service for a workload, allowing them to select the one that will provide them with the best possible outcome for the workload at a given time, while offering them the opportunity of switching to the other if their business needs change.

(a-image/Shutterstock)

But the focus on hybrid cloud environments hasnt extended to the backup and recovery realm. Understandably so before adopting a hybrid cloud approach to backup and recovery, companies wanted to be convinced that the cloud had matured to the point where it could be trusted as much as an on-premises infrastructure to protect their organizations most critical data.

However, with even the U.S. Department of Defense signing a $10 billion contract with Microsoft to move many of its applications to the cloud, it is safe to say the cloud has now matured to the point where hybrid cloud environments can be trusted for the backup and recovery of most, if not all, enterprise data.

Still, two key questions remain for companies as they begin to evaluate hybrid cloud backup and recovery solutions:

1) What tangible, real-world benefits will my organization realize from a hybrid cloud approach to backup and recovery; and

2) How can I implement a smart, unified hybrid cloud backup and recovery strategy that maximizes these benefits?

A hybrid cloud approach, though, still provides companies with the ability to use on-premises infrastructure for workloads where it has advantages over cloud services.

For example, restoring data from on-premises infrastructure can often be completed much faster than from the cloud, because the key bottleneck is the speed of the companys WAN connection. In fact, for some companies, on-premises infrastructure might be the only way for them to meet the Recovery Point Objectives (RPO) and Recovery Time Objectives (RTO) that they have for certain critical workloads.

In addition, on-premises infrastructure allows companies to avoid high (and sometimes hidden) data transport charges assessed by some cloud providers a particular concern when a company has large files that it thinks it might need to recover on a frequent basis. There are also some companies who are still not comfortable with storing particularly sensitive data in the cloud and prefer to keep this data on-premises.

A Schematic representation of the terms RPO and RTO. In this example, the agreed values of RPO and RTO are not fulfilled. (Reprinted from Wikipedia)

With a hybrid cloud approach to backup and recovery, companies have the flexibility to use the cloud, on-premises infrastructure, or both to protect their data. They can use the cloud to back up data where scalability is a key consideration, where the data is already located in the cloud, or in cases where they do not think the cost and hassle of buying and managing on-premises hardware to back up the data is warranted.

But they can still use on-premises infrastructure to protect more recent, large files that they might need to recover very quickly, or for sensitive data that they want to control completely. They can even use both the cloud and on-premises infrastructure to protect their workloads for example, they might have a more recent backup stored on-premises, and an older backup stored in the cloud.

And, as their business conditions and needs change, they also have the flexibility to move data from on-premises backup to the cloud, or vice versa.

For companies that want to implement a hybrid cloud backup and recovery strategy, there are several important things to keep in mind to maximize the benefits of this strategy.The first is to evaluate which data they want to back up to the cloud and which to back up to on-premises infrastructure.

One of the key advantages of hybrid cloud backup and recovery is that it provides companies with the ability to choose their backup target but this also means they need to carefully weigh the pros and cons of the cloud versus on-premises infrastructure when developing policies that will determine where they back up their data.

Companies should also look for solutions that allow them to implement a smart, unified approach to hybrid cloud backup and recovery that minimizes the amount of time they have to spend configuring and managing the solution. For example, some new SaaS-based backup and recovery solutions reduce data protection administration by enabling companies to set them up in minutes. These solutions often further lower administration costs by managing all the cloud infrastructure required to protect a companys data.

(Roman Rybaleov/Shutterstock)

Of course, if they want to implement a smart, unified strategy for hybrid cloud backup and recovery companies also need to make sure their solution is truly hybrid, and actually allows them to store data on-premises, rather than just caching data on-premises temporarily before uploading it to the cloud. In addition, the solution should provide a unified view of their backups by allowing them to set-up, configure, and manage both on-premises and cloud backups from a single pane of glass. The solution should not lock them into only using the solution providers cloud, but enable them to back up to other cloud services so they can maximize the ROI of their cloud spend.

Companies should also look for opportunities to learn about and implement hybrid cloud backup and recovery strategy best practices. For example, some SaaS-based backup and recovery come with preconfigured backup and recovery plans that have many data protection best practices built-in. In addition, by collaborating with their resellers and other trusted IT advisors on the development and roll-out of their hybrid cloud backup and recovery strategy, they can tap into these experts experience implementing these strategies for other companies. This knowledge will help them avoid common mistakes and maximize the benefits of a hybrid cloud approach to backup and recovery.

As it has for other workloads, a hybrid cloud approach to backup and recovery offers companies the freedom to use the cloud or on-premises infrastructure for different workloads. For some workloads, they can benefit from the clouds scalability, simplicity, and other advantages. For other workloads, they can use on-premises infrastructure if they need the speed to achieve short RPOs and RTOs, if they have large files that might lead to high data transfer charges, or if they want complete control over particular types of sensitive data.

By carefully evaluating which data to backup where, selecting the right hybrid cloud backup and recovery solution, and adopting hybrid cloud backup and recovery best practices, these companies can implement a smart, unified hybrid cloud backup and recovery strategy that allows them to protect their data in a manner that realizes the best of both the cloud and on-premises worlds.

About the Author: is a 22-year veteran of Commvault and serves as the Vice President of Products and Engineering for Metallic, the SaaS division of Commvault. David joined Commvault after graduating from Rutgers University and has held roles in Development, Office of the CTO, and Professional Services. He started as a developer and led the Windows development group, during which time he was granted a number of patents. He went on to lead engineering alliances with strategic partners, such as Microsoft and NetApp before joining the Office of the CTO and leading cloud and virtualization efforts. Prior to joining the Metallic group, David established the Remote Managed Services group.

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The Best of Both Worlds Why a Hybrid Cloud Approach Makes Sense for Data Backup and Recovery - Datanami

Faith Hill Praises Daughter for First-Time Voting in Tennessee Primary – PopCulture.com

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Faith Hill and Tim McGraw's youngest daughter, Audrey, turned 18 in December, which means this is the first year she's eligible to vote. This week, Audrey exercised her right to do just that and voted in the Tennessee primary election, a decision her proud parents praised on social media.

On Thursday, Hill used Instagram to post a photo of Audrey, clad in jeans, a white tank top, red cardigan and a black mask, posing outside and pointing at the "I voted" sticker on her stomach. "First time voter over here!!!!!!!!!" Hill gushed with a string of heart emojis and the hashtag #proudmom. "I feel good knowing such an intelligent generation is helping shape our future by exercising their rights," commented Rita Wilson. McGraw reposted his wife's photo and caption on his own account, adding, "My baby girl! #prouddad."

Along with voting, Hill and McGraw also celebrated another milestone for Audrey earlier this year when she graduated from high school. Their middle daughter, 21-year-old Maggie, also graduated, from Stanford University. In June, McGraw shared his girls' achievements with an Instagram post featuring two photos of Maggie and two of Audrey, which he captioned, "Our class of 2020 girls! Stanford 2020. EHS 2020. Boom! Great work ladies! Mom and I are so proud of yall!!!"

"So proud of you both!!!! Love you," Hill commented. She also shared her own posts on her own Instagram page, first uploading a video of a young Audrey singing. "There is no doubt in my mind little sparrow that you will always be YOU. Wherever you land," the proud mom wrote. "Now a high school graduate and a part of the extraordinary class of 2020!!!!!!!!"

Her next clip was a video of herself and Maggie driving together and singing along to the radio during what Hill shared was a road trip to visit the university. "Congratulations Maggie and to all of your sweet friends as well!!!" she gushed. "We love you!!!!!! Go Cardinal!!!!! Stanford Class of 2020."

Hill and McGraw also share oldest daughter Gracie, 23, who spent her quarantine in Los Angeles. Maggie and Audrey were at home in Tennessee, where they got to spend plenty of time with their famous dad since he was off the road. "We're doing well. We're spending a lot of time with family together," McGraw told Entertainment Tonight in May. "We have gotten to spend some time cooking and hanging out and just enjoying each other's company."

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Faith Hill Praises Daughter for First-Time Voting in Tennessee Primary - PopCulture.com

List of 11 most popular, top websites Startup Listings in India – The Indian Wire

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Any startup business wants an initial recognition or a break or a message you want to send to the world. So the first 30 days of your company is critical, so you should have a big company directory of sites. It helps to introduce the company to all potential founders, seed investors, venture capitalists, advertisers, etc. The following product submission list has been curated based on traffic, brand visibility, page rating, and listing capacity.

Also, make sure that you dont flood this list and send out your message with straightforward and creative facts about you. To get the full value out of this list, please make sure that you strictly follow their submission guidelines. And it certainly lets you get identified easily on the pages.

Official Website: https://yourstory.com/Founder(s): Shradha SharmaFounded in: October 1, 2008Startups Listed: 60k

Yourstory.com is Indias one of the largest media-tech company for covering the startups story. YS would be a great boom for your startup as their official site claims that they are getting 120M content views per month. Besides this, YS has a strong social media fan base, which is around 4.6M.

Pros: YourStory has a very high social media following as well as a massive amount of monthly views.

Cons: You need to pay high fees to get your startup listed on YourStory.

Official Website: https://www.startuptalky.comFounder(s): Shubham KumarFounded in: 3 April 2014Startups Listed: 11k

StartupTalky is an Indian based startup listing site where you can publish your startups success story. To begin the process of the same, you need to mail them on their official mail id. The site claims to have 50k monthly traffic and they also have a good Alexa ranking.

Pros: StartupTalky has an active Facebook community of around 100k+ members so that you can build up your network.

Cons: Foreign traffic is a bit low compared to the Indian audience on the site.

Official Website: https://nextbigwhat.com/Founder(s): Ashish SinhaFounded in: 2009Startups Listed: 12k

NextBigWhat is an Indian based online portal that reports news on entrepreneurship and technology. NBW is one of the largest Indian portals in startup listing. The portal is ranked on 88,000 by Alexa with 76% Indian traffic. Started as Pluggd.in, which was a result of hobby and passion to help budding entrepreneurs, the media platform went out to become Indias largest and meaningful platform for startups.

Pros: If your targeting audience is Indian, then you must submit your startup here.

Cons: The majority of the audience is Indian ( 76% ), so if you are targeting Foreign audiences for your business, then NBW is not what you are looking for.

Official Website: https://angel.co/Founder(s): Naval RavikantFounded in: 2010Startups Listed: 25k

AngelList is another Indian platform for the listing of startups. It was started by two serial entrepreneurs Naval Ravikant and Babak Nivi. In May 2020, AngelList has a global ranking of 8k ( Alexa ). AngelList Jobs connects talents with startups, with over 35,000 recruiting companies, more than 2,000,000 candidates, and 5 million registered users.

Pros: It is one of the prominent startup listing platforms in India that started back in 2010.

Cons: One has to try a bit hard to get his startup listed on AngelList.

Official Website: http://www.killerstartups.com/Founder(s): John RuhlinFounded in: January 2007Startups Listed: 88k

Launched back in January 2007, their market value is tracked at $1m-$2 m and it may not be shocking to discover your startup listed and evaluated without your actual action, as the website has been observed to participate in coverage efforts beyond active listing by business owners. The group has more than 125,000 active members and has analyzed more than 88,000 start-ups since 2007, the notable finds being Uber, Plum, Wego, etc.

Pros: Beyond a startup directory, KillerStartups provides training and other services mainly for website owners and entrepreneurs.

Cons: Its a foreign-based site, so if you are looking to attract the Indian audience then this one is not for you.

Official Website: https://www.producthunt.com/Founder(s): Ryan HooverFounded in: November 6, 2013Startups Listed: 11k

With hundreds of thousands of users, product hunt is one of the best sites to share and explore new technology products, applications, websites, etc. Apps on the app will check your product for free and give you accurate reviews as soon as they see it on the website. The website also provides a regular email list that delivers the tech searches of the day to registered customers. When youre in the gaming industry, this could even be a perfect spot to put your company because it really is among the best directories out there.

Pros: The website allows the submission of MVP and beta versions of the product as long as detailed data (explainer video, walkthrough, blueprint, etc.) on its use and efficiency are provided.

Cons: Its a bit hard to come on the top of the listing on ProductHunt as there are tons of submissions every day.

Official Website: https://www.smashingmagazine.com/Founder(s): Vitaly FriedmanFounded in: 2006Startups Listed: 35k

Smashing Magazine offers important and creative tips to web designers and developers. The goal is to educate our readers of the latest developments and techniques in web creation. Here you can advertise your product or your business by uploading your info. After checking your commercial, your submitted image and definition will be reflected in the shattering magazine.

Pros: This platform is wholly dedicated to web developers, so if your startup is from the same sector then this is a must-have to you.

Cons: In case, you are running a non-developer startup, then Smashing Magzine is of no use to you.

Official Website: https://www.crunchbase.com/Founder(s): Michael ArringtonFounded in: 2007Startups Listed: 55M

Started more than 12 years ago and back in July 2007, Crunchbase is a successful start-up directory. Crunchbase has about 50 million registrations, including investors as well as market researchers and salesmen and women, apart from their already-expected and strong entrepreneurial base. The website is proud of more than 3,700 major investment companies providing monthly portfolio reports. Crunchbase is the one-stop repository for seeking company knowledge for both private and public organizations.

Pros: If youre running a startup or an MNC, listing your business on Crunchbase should be your number one priority.

Official Website: https://www.google.com/intl/en_in/business/Founder(s): Sundar PichaiFounded in: 2017

Do you ever wonder how certain businesses will place them about us, contact information and other things on the right side of the Google search results as you search for their name? Thats because theyve put their company on Google My Business. Listing on Google My Company is actually more relevant to your internet history than your mind can actively remember. This is primarily via this platform that companies are able to view their About information section and contact details to the right of the search results from Googles search page, while still being displayed, in a way, on Google Maps.

Pros: The benefit of using this service is its local SEO advancement, which makes companies easily accessible to customers in the search area as soon as they look for businesses with the close me app. Even if you might not have posted your company yourself, you may be late in the game and demand a current entry, which is a huge added bonus.

Official Website: https://index.co/Founder(s): Jonathan WallFounded in: 2012Startups Listed: 112k

Index.co bills itself as a venue for entrepreneurs to show off, for tech fans to have their daily news sorted, and for experts to use our data to prospect, track rivals, and work with their teams. The network uses artificial intelligence to link entrepreneurs to corporate brands and investors. Its a data mine to find for news and data linked to a business. The free version is also linked to three different paid plans, including the cheapest $25 / month fee for workflow automation through app connectivity.

Pros: Index.co provides a free plan

Official Website: https://ziipa.com/Founder(s): Hugo Aponte, Lee StarustaFounded in: May 2008Startups Listed: 98k

Ziipas proprietary algorithm allows users to rate and link smartphone and web apps based on user interest. Our special Patent Pending process of predicting device change of interest links consumers and devices in real-time. The Ziipa platform would allow the underdog, fresh and underfunded to be discovered more easily by balancing the playing field and offering an incentive to be discovered on the basis of user interaction.

Pros: Ziipa is a platform which completely dedicated to smartphones and web apps. Hence, its a must one for startups in web or smartphone app development.

Cons: Its a niche-specific platform, so you need to be careful while listing your startup

To list a startup on any startup listing site is a mandatory practice. Without this, the game of success becomes a lot harder. Therefore, we have listed down all the giants of the industry above. Just check which platform matches your need and list your startup there.

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List of 11 most popular, top websites Startup Listings in India - The Indian Wire