NetCents teams up with crypto fintech company to utilize US$1.4 billion credit facility – Proactive Investors USA & Canada

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The facility allows NetCents to have money in the market over an extended period and pass along its profits to its client base

Technology Inc () (OTCQB:NTTCF) announced Friday that it has partnered with fintech firm Bison Digital LLC to use its flow of merchant orders as a short-term cryptocurrency portfolio.

Last month, the crypto payments company received an industry-leading US$1.4 billion credit facility to fund merchant settlements, thus making it easier to hold crypto positions. The facility allows NetCents to have money in the market over an extended period and profit from buying and selling cryptos profits that mean it can reduce fees to its client base.

Ultimately, NetCents believes the financing will curb any obstacles to unlimited processing and mitigate therisk associated with merchant payouts.

"I believe that our dedication to developing best in class solutions has facilitated the institutional relationships we are using to grow opportunities in the blockchain and crypto space, NetCents CEO Clayton Moore said in a statement. I look forward to scaling the business we have built through these strong partnerships."

Bison Digital is backed by BKCoin Capital LP, a digital assets quantitative hedge fund with a market-neutral long/short arbitrage strategy.

"In the short time we've been working together, NetCents has quickly become our most strategic partner for cryptocurrency advisory," BKCoin chief investment officer Kevin Kang added. "We look forward to continuing to develop this relationship as its volume continues to grow rapidly, leveraging our depth and experience in managing and trading multi-asset portfolios to drive a new profit center for all parties."

Bison Digital, a fintech company that delivers a venue for exchanges, payment processors and others looking for crypto liquidity, also believes in what NetCents brings to the table.

"As NetCents grows its already impressive merchant base, upcoming product offerings such as the NetCents Cryptocurrency Credit Card will drive growth in order flow that will supply the short-term crypto portfolio," Bison Digital managing partner Carlos Betancourt said. "We anticipate quickly outgrowing our $5 million daily credit facility and will look to expand."

Contact Andrew Kessel at [emailprotected]

Follow him on Twitter @andrew_kessel

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NetCents teams up with crypto fintech company to utilize US$1.4 billion credit facility - Proactive Investors USA & Canada

NYE Coin Is Helping Investors To Tap Into The Potential Of Stocks & Commodities Market Through The Power of Blockchain. – GlobeNewswire

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London, England, July 11, 2020 (GLOBE NEWSWIRE) -- The concept of cryptocurrency trading is gaining a lot of attraction. Having said that, investors are also looking to harness the benefits of the traditional stocks and commodities market. In this context, the New York Exchange Coin (NYE Coin) aims to achieve financial integration between the classic stock and commodities market and the latest trend of cryptocurrency trading.

About NYE CoinAs one of the Orbit Network INC. latest projects, NYE Coin is a digital asset that harnesses blockchain technology and implements smart platforms to seamlessly integrate the traditional stocks & commodities market with the crypto trading world. It provides investors with the opportunity to utilize the benefits of traditional markets through a secure and transparent investment vehicle. The project is being developed by UK-based Blockchain Development INC. Limited.

It also uses secure payment integrations to ensure transparent investments and fast transactions through distributed processing. Moreover, being open-source, the NYE trading platform called Orbitex is community-driven and it follows an inclusive model to bring financial freedom.

What Makes NYE Unique?

Based on all of these factors and more, NYE Coin aims to be one of the most valuable digital assets to collect. To know more about the technical specifications of NYE, you can go through its whitepaper.

Summing Up

NYE Coin is arguably the first-ever cryptocurrency to attempt integration with a traditional model. The legacy trading vehicles like stocks and commodities offer their own set of advantages. On the other hand, crypto trading is also a profitable prospect. Through its robust, scalable, and secure blockchain, NYE seamlessly integrates the classic and modern modes of investment.

The project is currently in final implementation stages and has already garnered the attention of investors from across the world. Owing to its unique model, NYE also has the potential to drive crypto adoption in the mainstream.

Media DetailsCompany: Blockchain Development INC.Email: info@nyecoin.ioWebsite: https://www.nyecoin.io/

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NYE Coin Is Helping Investors To Tap Into The Potential Of Stocks & Commodities Market Through The Power of Blockchain. - GlobeNewswire

Study: Almost 90% Of Cryptocurrency Investors Worry About Their Funds If They Die – CryptoPotato

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Nearly 90% of cryptocurrency investors worry about what will happen to their funds in case they pass away, a new study revealed. However, less than 25% of participants noted that they organized a comprehensive plan regarding their digital asset will.

The digital asset field differs from traditional finance in various forms. Apart from the decentralized nature which attracts numerous proponents and investors, leaving a detailed will is not as simple.

Due to features such as dedicated digital wallets and public digital addresses, and complicated words like private keys, leaving cryptocurrencies as an inheritance could be challenging for people unfamiliar with the matter.

UK-based cryptocurrency company Coincover estimated that nearly 4 million bitcoins had been lost after the owners death. To put this into a USD perspective, it amounts to almost $37 billion.

Consequently, researchers from the Cremation Institute decided to compile a study among over 1,100 digital asset investors regarding their views and plans for their cryptocurrency funds.

The findings overwhelmingly show that cryptocurrency investors have a real worry about their assets simply disappearing after they pass away. Overall, 89% of participants worry on some level about whether their crypto assets will be passed on to their loved ones.

Generation Z (aged 18-25) and Millennials (26-40), who are particularly fond of investing in digital assets, seem less bothered. Contrary, and somewhat expectedly, Baby Boomers (56-76) were most concern.

Although evidently worrying, most participants indicated a lack of precise planning regarding the future of their assets if they were to pass away. The report explained that this is especially true for younger generations. The findings reveal that a concerning 59% of Generation Z crypto holders have no plan, while 35% of Millennials reported no plan.

Contrary, 86% of Generation X and 94% of Baby Boomers claim they had set up a plan to ensure their family members receive the cryptocurrency wealth.

The paper also observed vital differences in the approach from cryptocurrency and traditional investors towards their assets. The Cremation Institute analyzed a 2020 Estate Planning study and found that 32% of normal investors already have a will this year. In contrast, only 7% of cryptocurrency holders have included their digital assets in their will.

Once again, this disparity increases for younger generations, as 18% of people within the 18-34 bracket have a will, while only approximately 3% of crypto-asset holders in this bracket document their plans in a will.

Interestingly, the research pointed out that women are significantly more likely than men to have a cryptocurrency contingency plan in place.

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Study: Almost 90% Of Cryptocurrency Investors Worry About Their Funds If They Die - CryptoPotato

Cryptocurrency and Traditional Financial System: Things you should know – NameCoinNews

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We are witnessing a lot of innovations in business segments across different industries nowadays. The new technologies like artificial intelligence and machine learning are changing the way we accomplish things today, and in the future, these are expected to become even more dominant. The financial technology domain has also got its own share of innovations. Cryptocurrency and blockchain technology are the most important inventions in the financial sector, and the automated cryptocurrency trading platform such aslibra-maximizers.com is revolutionizing the way people make money online. Thanks to these technologies, the new category of financial products and investments, such as digital assets, decentralized finance, and non-fungible tokens, are increasingly finding favor with the millennial.

The traditional financial system consists of banks and financial institutions as the main pillars of its operating mechanism. We all have at least one or probably more than one bank account and are using banking services like financial transactions, credit card payments, ATM withdrawals, among others. Banks are quite a powerful constituent of the overall economic scenario, and thanks to globalization, we have today a number of global banks operating in different parts of the world.

Compared to the conventional financial system, the new-age transactional mechanism underpinned by cryptocurrencies is just a decade-and-a-half old system. Cryptocurrencies are similar to fiat currency except for the fact that the former is digital while the latter is physical in form. Just like people deposit and keep physical money in banks, cryptocurrencies are stored and transacted with the help of blockchain technology.

Both traditional and cryptocurrency-based transactions can be used for a variety of purposes. For example, you can deposit the money, withdraw the money, send the money to somebody else, and online purchasing the product and services from different merchants. However, there is one fundamental difference that sets the traditional banking system apart from the cryptocurrency-based transactions. This difference is the level of control or centralization. Banks centrally control the traditional transaction system, whereas no such control is exhibited in the case of cryptocurrency. The whole system of cryptocurrency works on blockchain technology, which is a decentralized technology, signifying no third-party interference.

Unlike the bank, you cannot report any theft or anomaly in the cryptocurrency transaction. Cryptocurrency transactions are irreversible, and once completed, it cannot be turned back. This means you have to take the total responsibility of your financial transactions. On the flip side, cryptocurrency transactions are completely free from any third-party interference, which gives you complete freedom over your financial assets. Being digital in nature ensures that cryptocurrency transactions are processed much faster than the traditional payments and at a very low cost. This aspect is particularly relevant when you have to send money across borders. No Surprise, we are witnessing the steady rise in the adoption of cryptocurrency and blockchain technology even by the banks and other financial institutions while processing their overseas payments. You can access your digital coins at any point in time, and there is no need to worry about the typical issues that we encounter in traditional banking systems such as slow server speed, bank holidays, scheduled maintenance, etc.

There is an extra layer of safety and security offered by the traditional banking system in terms of providing a centralized control where incidents of theft, forgery, etc., can be reported. This makes the parking of your money in banks a more reassuring; however, the centralized control also comes with its own share of limitations. Some of the prominent ones include delay in payment processing, costly transfer process, and third-party interference.

Ultimately, the decision to choose between traditional and crypto-based systems depends on users priorities and their risk appetite. If you are willing to sacrifice control for the extra layer of security, then the traditional financial system makes more sense for you. However, if you want to experience new-age technology with altogether different kind of comfort and convenience, then cryptocurrency and the blockchain technology is the path you should go for.

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Cryptocurrency and Traditional Financial System: Things you should know - NameCoinNews

The Profitability of Cryptocurrency Bitcoin Now and in the Future – Chiang Rai Times

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Whether youre interested in cryptocurrency or not, youve probably already heard of Bitcoin. When the cryptocurrency first launched it was worth less than a dollar, but over the years that price has fluctuated reaching astronomical numbers that no one could have expected.

The high volatility Bitcoin carries has made it one of the hottest commodities someone can obtain right now, and while nothing is ever certain with something like Bitcoin, people cant help but invest in it and hope for the best.

Despite the risk that comes with acquiring Bitcoin, Bitcoin trading is now a popular way for people to try and secure their financial future. But why are so many people so sure that Bitcoin will bring them nothing but profit? To answer this question were going to need to look into how Bitcoin is faring now, and some of the predictions people have made for the future.

Some of the most interesting things about Bitcoin are the circumstances around its fluctuating price. Surprisingly enough, it seems that Bitcoins worth works in the opposite direction to fiat currencies. Bitcoins price often rises by quite a lot whenever tensions arise and people feel unsure about the political climate in the western world, and globally.

Another interesting thing you might not have known about Bitcoin is that its finite. While Bitcoin mining is still alive and well, the amount miners can procure is narrowing as time goes on. This is due to something called Bitcoin halving. Every four years the pace at which new Bitcoin is created gets cut in half which makes it harder for miners to get Bitcoin at the same rates as before. Like with most things, when Bitcoin becomes rarer, its only logical for its price to increase.

Anyone can get into Bitcoin trading today. Thanks to a slew of helpful Bitcoin trading apps and websites, even you can try your hand at Bitcoin trading. One way to potentially profit off of Bitcoin is by using AI automated trading apps. You can find a great example of this on https://www.bitcoinera.app. With the help of their smart trading robot, you can scour the market and make informed decisions on how and where to trade, and if that seems like too much work, you can let the app do it for you!

Bitcoin trading has gained a lot of traction in the past couple of years. While Bitcoin used to be a currency for the tech-savvy and those who wished to remain in the shadows, more and more average Joes are taking an interest in the popular cryptocurrency. The simple fact that interest in Bitcoin grew brought a lot of changes to the currencys worth, some good, some bad, but ultimately made the cryptocurrency a lot easier to access.

So how do all of these things mentioned before influence the profitability of Bitcoin in the future? Its simple and complicated at the same time. The latest Bitcoin halving event happened in May of 2020! While there might not have been a significant price drop or increase right after the event, a lot of people believe that the price of Bitcoin will keep rising little by little and end up reaching up to 13.000$ by the end of the year.

Another thing that has had quite an impact on the price of Bitcoin this year has been the unfortunate rise of the global pandemic. As we mentioned before, Bitcoin seems to rise whenever something like this tends to happen, but this time things didnt work out that way.

The price of Bitcoin dropped significantly during the pandemic which put a damper in the plans of many investors. While the price was still nothing to frown over, it was nowhere near what people might have expected.

Things are starting to look up though. With vaccines currently in the works, people are starting to get their hope back. This is good news on more than one front. Thanks to the words effort to prevent further spread with some valiant efforts, the price of Bitcoin has been getting back on track.

Predictions for Bitcoin for further on into the future are so insanely high that most people cant even fathom them. According to an onslaught of Bitcoin predictions for 2020 and beyond, theres nothing to worry about other than missing out on the chance to invest in Bitcoin sooner!

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The Profitability of Cryptocurrency Bitcoin Now and in the Future - Chiang Rai Times

Jordan Benjamin Hale | Obituaries | theportlandsun.com – The Portland Sun

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Jordan Benjamin Hale, 34, of Portland, passed away on July 1st, 2020 at Portland Tristar E.R. He was born in Orlando, FL on April 2nd, 1986 to Earnest W. Dillard & Sheryl Hale Dillard.

Mr. Hale is survived by his son, Evan Blaine Murrell of White House; mother, Sheryl (Earnie) Dillard of Portland; grandparents, Reverend Clifton & Geraldine Hale of Portland; fianc, Jessica Carolyn Frame of Portland; uncles, Steven (Carla) Hale of Adolphus, KY, Terry (Mary Ann) Hale of Bradeton, FL, Kenny (Penny) Dillard of Portland; aunt, Kimberly Dillard of Portland; cousins, Josh (Renee) Hale, Jeremy (Beth) Hale, Jennifer (Matt) Rowley, Kristin (Will) Eller, David (Kaylee) Hale, Thomas (Stormie) Dillard, Lacretia Dillard, Karen (Kris) Spann, Clay (Jennifer) Dillard, Richard (Angelia) Dillard, Cindy (Jordan) Barney, Leah (Eric) Espinosa, Johnathan (Shana) Kenyon; many 2nd cousins, nieces, nephews, & friends who were like brothers.

Mr. Hale was preceded in death by his grandparents, Buddy & Dorris Dillard; uncles, Stanley & Danny Dillard.

Funeral service for Mr. Hale will be 2:00 p.m. on Sunday, July 5th, 2020 at Wilkinson & Wiseman Funeral Home with Bro. Greg McCoy & Bro. Brandon Petty officiating.

Visitation for Mr. Hale will be on Saturday, July 4th, 2020 from 12:00 p.m. until 8:00 p.m. & on Sunday, July 5th, 2020 from 12:00 p.m. until 2:00 p.m. at Wilkinson & Wiseman Funeral Home.

Serving as pallbearers will be Tyler Graef, Nick Baehne, Josh Mansfield, Chad Sanders, Josh Hale, Stoney Adam Dillard, Will Eller, and Eric Johnson.

Interment will be in Maple Hill Cemetery.

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Jordan Benjamin Hale | Obituaries | theportlandsun.com - The Portland Sun

Jordan Spieth finishes with Even-par 72 in second round of the Workday Charity Open – pgatour.com

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Jordan Spieth hit 8 of 18 greens in regulation during his second round at the Workday Charity Open, finishing at even for the tournament. Spieth finished his day tied for 78th at even par; Collin Morikawa is in 1st at 13 under; Kevin Streelman and Justin Thomas are tied for 2nd at 10 under; and Hideki Matsuyama and Sam Burns are tied for 4th at 9 under.

After a 272 yard drive on the 560-yard par-5 15th, Spieth chipped his third shot to 3 feet, which he rolled for one-putt birdie on the hole. This moved Spieth to 1 under for the round.

After a drive to the left side of the fairway on the 470-yard par-4 first hole, Spieth had a 156 yard approach shot, setting himself up for the birdie. This moved Spieth to 2 under for the round.

On the 455-yard par-4 second, Spieth had a bogey after hitting the green in 3 and two putting, moving Spieth to 1 under for the round.

On the par-4 third, Spieth's 147 yard approach to 12 feet set himself up for the birdie on the hole. This moved Spieth to 2 under for the round.

Spieth missed the green on his first shot on the 200-yard par-3 13th but had a chip in from 10 yards for birdie. This moved Spieth to 3 under for the round.

On the 202-yard par-3 eighth, Spieth's his second shot went 28 yards to the left rough, his third shot went 1 yards to the left intermediate rough, and his chip went 4 yards to the green where he 1 putted for double bogey. This moved him to even for the round.

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Jordan Spieth finishes with Even-par 72 in second round of the Workday Charity Open - pgatour.com

Packers: Jordan Love third-highest rated rookie QB on Madden 21 – Lombardi Ave

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Jordan Love (Photo by: Sam Wasson/Getty Images)

The new Madden NFL 21 video game will be released later this summer, but we now know some of the player ratings for the upcoming season. One of those players is the Green Bay Packers first-round pick Jordan Love.

Many of the rookie ratings have been releasedfor this years game. Love is 11th for overall rating among the rookie ratings released so far, and third among quarterbacks.

Interestingly, he has a higher overall rating than Justin Herbert, who was selected sixth overall and 20 spots higher than Love in this years draft. Herbert could start for the Los Angeles Chargers right away.

Rookie ratings are often relatively low in the Madden video game series, but the Packers first-round pick shouldnt be too disappointed with his rating in this years game.

His overall rating is 71, which compares to 76 for first overall pick Joe Burrow. While Loves rating on short passes, medium passes, deep passes, as well as throwing on the run, are lower than Burrows, there isnt much in it.

Where Love does have the advantage is with his throw power rating; Love has a 90 rating for THP, Burrow an 86 rating.

Barring an injury to Aaron Rodgers this season, Love wont have too many opportunities to improve his rating, especially with a reduced preseason this year as a result of the coronavirus pandemic.

Unlike many of the other rookie quarterbacks this year, Love will begin his NFL career as a backup. It might not help his Madden rating for 2020 too much, but it absolutely could in future years. If Love is given time to develop, he has star potential. And learning from Rodgers in the coming seasons isnt a bad thing.

What are your thoughts on the rookie Madden 21 ratings?

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Packers: Jordan Love third-highest rated rookie QB on Madden 21 - Lombardi Ave

Liverpool fear Jordan Henderson could miss start of next season – The Guardian

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Jrgen Klopp fears Jordan Henderson could miss the start of next season with the knee injury suffered in Liverpools win at Brighton on Wednesday.

The Liverpool captain was forced off after a second-half collision with Yves Bissouma and underwent a scan on his return to Merseyside to determine whether he sustained ligament damage. Henderson is expected to receive the results on Friday but there are concerns at Liverpool that the influential midfielder faces a prolonged spell on the sidelines that could include the beginning of the Premier League champions title defence. Klopp expressed fears over Hendersons injury after the 3-1 victory, saying: I know it will not be nothing.

The 30-year-old, who flew back with the team from Brighton, would be a severe loss to the Liverpool manager. He would also miss Englands Nations League matches against Iceland and Denmark on 5 and 8 September respectively should the clubs concerns be realised.Henderson is due to lift the Premier League trophy at Anfield on 22 July after Liverpools final home game of the season against Chelsea.

Meanwhile, Liverpool and Fulham are set to go to a tribunal to decide a compensation fee for Harvey Elliott with the clubs poles apart in their valuation of the 17-year-old forward.

Elliott moved to Liverpool from Craven Cottage on academy terms last summer and has been part of Klopps first-team squad for most of the season. His progress was rewarded this week with a first professional contract.

Fulham are believed to have been offered 750,000 for the highly rated teenager, whom they value at closer to 7m. Unless there is a breakthrough in negotiations a decision will have to be taken by a tribunal, with the fee decided by the Professional Football Compensation Committee.

Elliott has made eight appearances for Liverpools first team and Klopp recently cited the players development as a reason why the Premier League champions may not be busy in the transfer market.

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Liverpool fear Jordan Henderson could miss start of next season - The Guardian

Police investigating after South Jordan officer’s car vandalized on Fourth of July – KSL.com

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SOUTH JORDAN Detectives with the West Jordan Police Department are investigating after a South Jordan police officers vehicle was vandalized sometime on the Fourth of July.

The officer was parked in the driveway of his West Jordan home when someone spray-painted the words Black Lives Matter in bright red along the side of his car.

West Jordan Police Sgt. J.C. Holt doesnt think the person who did this is connected to the Black Lives Matter movement in any way.

He felt its probably someone looking to create chaos and division.

Its not out of the ordinary to see a police car vandalized in some way, but whats different about this one is that it was done at the officers home.

Its concerning to me, Holt said. And I think if you were to speak with most officers on a personal level, they would tell you that its concerning. Fortunately for us, we havent had this happening. It wouldnt be fair to say that weve had a lot of this. This is the first incident weve had in our city where something has happened to a police car.

Holt also said there arent any home security cameras where this happened, so they dont have it on video.

Within the South Jordan Police Department, the message has gone out to officers to maybe park inside their garage if theyre able to.

If you have any information on who may have done this, West Jordan police would like to hear from you at (801) 256-2000.

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Police investigating after South Jordan officer's car vandalized on Fourth of July - KSL.com

EOS, Ethereum and Ripples XRP Daily Tech Analysis July 8th, 2020 – Yahoo Finance

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EOS

EOS fell by 2.14% on Tuesday. Partially reversing Mondays 8.56% rally, EOS ended the day at $2.5605.

A bullish start to the day saw EOS rise to an early morning intraday high $2.6308 before hitting reverse.

Falling short of the first major resistance level at $2.7031, EOS slid to a late morning intraday low $2.5264.

Steering clear of the first major support level at $2.4665, EOS recovered to $2.57 levels late in the day before easing back.

At the time of writing, EOS was up by 0.20% to $2.5655. A bullish start to the day saw EOS rise from an early morning low $2.5629 to a high $2.5681.

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

EOS would need to move through the $2.5730 pivot level to support a run at the first major resistance level at $2.6187.

Support from the broader market would be needed, however, for EOS to break back through to $2.60 levels.

Barring another extended crypto rally, the first major resistance level at $2.6187 would likely cap any upside.

Failure to move through the $2.5730 pivot would bring the first major support level at $2.5143 into play.

Barring another extended sell-off, EOS should steer clear of the second major support level at $2.4682.

Major Support Level: $2.5143

Major Resistance Level: $2.6187

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum fell by 0.97% on Tuesday. Partially reversing a 6.16% rally from Monday, Ethereum ended the day at $239.37.

A mixed start to the day saw Ethereum rise to an early morning intraday high $243.82 before hitting reverse.

Falling short of the first major resistance level at $246.73, Ethereum slid to a late morning intraday low $234.55.

Steering clear of the first major support level at $231.82, Ethereum recovered to $240 levels before easing back to $236 levels.

Finding late support, Ethereum wrapped up the day at $239 levels to limit the loss on the day.

At the time of writing, Ethereum was down by 0.07% to $239.20. A mixed start to the day saw Ethereum rise to an early morning high $239.68 before falling to a low $239.19.

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

Ethereum would need to move through the $239.3 pivot to support a run at the first major resistance level at $243.94.

Story continues

Support from the broader market would be needed, however, for Ethereum to break out Tuesdays high $243.82.

Barring an extended crypto rally, the first major resistance level and Tuesdays high should cap any upside.

Failure to move through the $239.30 pivot would bring the first major support level at $234.67 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level sits at $229.98.

Major Support Level: $234.67

Major Resistance Level: $243.94

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP slid by 1.93% on Tuesday. Partially reversing a 6.66% rally from Monday, Ripples XRP ended the day at $0.18543

Tracking the broader market, Ripples XRP rose to an early morning intraday high $0.18999 before hitting reverse.

Falling short of the first major resistance level at $0.1934, Ripples XRP slid to a late intraday low $0.18320.

Steering clear of the first major support level at $0.1806, Ripples XRP recovered to $0.1850 levels to limit the downside.

At the time of writing, Ripples XRP was down by 0.26% to $0.18495. A bearish start to the day saw Ripples XRP fall from an early morning high $0.18539 to a low $0.18495.

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

Ripples XRP will need to move through the $0.1862 pivot to support a run at the first major resistance level at $0.1892.

Support from the broader market would be needed, however, for Ripples XRP to break out from $0.1850 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesdays high $0.18999 would likely limit any upside.

In the event of a breakout, Ripples XRP should test the second major resistance level at $0.1930 before any pullback.

Failure to move through the $0.1862 pivot would bring the first major support level at $0.1824 into play.

Barring another extended crypto sell-off, Ripples XRP should avoid sub-$0.1800 levels. The second major support level sits at $0.1794.

Major Support Level: $0.1824

Major Resistance Level: $0.1892

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.667

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 July 8th, 2020 - Yahoo Finance

Ethereum (ETH) Up $1.26 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Came Into Today Down For the 3rd Day In A Row -…

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Ethereum 4 Hour Price Update

Updated July 12, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum entered the current 4 hour candle at $239.32, up 0.53% ($1.26) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.

Ethereum is down 0.81% ($1.96) since yesterday, marking the 3rd day in a row it has gone down. This move happened on lower volume, as yesterdays volume was down 45.9% from the day before and down 13.53% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Lets take a look at the daily price chart of Ethereum.

Notably, Ethereum is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 19 out of the past 30 days.

Over on Twitter, here were the top tweets about Ethereum:

The Grayscale Ethereum Trust is down 72% from its June high, and looks like its headed back to its March low. If the Grayscale Bitcoin Trust also revisits its March low, thats a 48% drop from here. The chart pattern doesnt look good for the trust. Drop #Bitcoin and buy #gold.

Almost everything is at ATHs on Ethereum ~Assets~Stablecoins $8BValue in DeFi $2.2BDAI $186MBTC $135MTokenized Real Estate $2.1M~Network~Avg Daily Network Fees $0.7MWeekly DEX Volume $500MDeFi Users 250kHow long until ETH joins the party?

Big Love for Mona Coin in Japan, the cat meme quite comparable to #DOGE coin. Crypto assets for physical transactions in March became available. Look at Mona coin vs ETH! Monacoin (#MONA) 359.6 Billion yenEthereum (#ETH) 26.89 Billion yen(Toto, were not in Kansas anymore)

In terms of news links for Ethereum heres one to try:

TrustSwap | Trusted transactions on the Ethereum Blockchain

TrustSwap for the entire crypto market TrustSwaps system will allow ANY token on ANY blockchain to integrate with the TrustSwap ecosystem, and beyond, by providing a wrapping service which converts any token into an ERC20 at a 1:1 ratio.SERVICESThe Site allows you to participate in the token sale and use other services available on the Site (hereinafter the Service).The Company makes these links available to you for providing the functionality or Services on the Site.We need certain personal data in order to provide you with access to the Site, provide our services (as defined in our Terms and Conditions), or enter into the Token Sale Agreement.The Company undertakes a sale (hereinafter the Sale) of the TrustSwap token or SWAP (hereinafter the Token).By acquiring Token you agree that the Company shall not be required to give you a refund, account reset or other access to Token and the Company shall not be liable to you for any damage or loss in the context of your inability to access Token.

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Ethereum (ETH) Up $1.26 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Came Into Today Down For the 3rd Day In A Row -...

Philippines’ SEC just denounced the top Ethereum dapp as a Ponzi – Decrypt

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A gas-guzzling Ethereum dapp that accounts for 13% of activity on Ethereum network has been denounced as a potential Ponzi scheme by the Philippines Securities and Exchange Commision.

An announcement from its SEC on June 30 advised users of the dapp in question, Forsage, to stop using it immediately, and demanded that the owner officially register with the commission.

Forsage describes itself as a fully decentralized matrix marketing project, and, the most thought-out marketing of this type. However, it features many of the typical hallmarks of a multi-level marketing scheme.

The dapp is classified by popular ranking site DappStats as a High-Risk application, where users profit by attracting more users to invest in multi-level slots. Each slot is twice as expensive as the previous, and returns twice as much profit back to the original referrer.

The SEC advisory notice stated: Based on numerous reports and information gathered by the Commission, the entity operating under the name FORSAGE, headed by Lado Okhotnikov, is found to be engaging in investment-taking activities in the Philippines which is NOT AUTHORIZED by the Commission.

According to the SEC: Forsages so-called smart contract partakes of the nature of securities through an investment contract where investors need not exert any effort other than to invest or place money in its scheme in order to profit.

However, despite demands by the SEC that Forsage registers as a licensed security, the dapps operators do not appear willing to comply. The SEC states they have already been contacted by Forsage, and what they heard did not prove helpful to the commissions efforts.

The SEC notice stated: Forsage claims that its program will continue to function even if its website http://www.forsage.io is closed for any reason. It even implied that the Government cannot shut it down because it is decentralized and thus free from any authority.

Decrypt spoke to Ethereum researcher and developer Philippe Castonguay, who examined the Forsage code and concluded that the smart contract cant be halted. Even if the SEC dismantled the website, says Castonguay, the lack of a simple user interface would only slow the Dapps usage at best.

When asked if the SEC had any power whatsoever to close down Forsage, Castonguay seemed doubtfulsuch is the nature of Ethereums permissionless blockchain technology.

Unless there is a currently unknown vulnerability, I don't think [they could], no, said Castonguay.

They could try to track down who the users are by asking information to exchanges they use and then reaching out to users directly, he said, adding, but that may well prove to be costly and inefficient.

In the days since the SECs announcement, usage of the Forsage app hasnt halted. At time of writing, Forsage is the most popular Ethereum-based Dapp in existence, with 4,341 users over the past 24 hours, according to DappStats. Data shows that $2.86 million passed through the Dapp in the past day alone, equating to over 12,000 ETH.

Forsage has proven to be a major source of activity on the Ethereum network in recent times. As seen on Dune Analytics, the Forsage smart contract has been responsible for consuming 12.78%% of Ethereums gas over the past twenty-four hours.

Gas is a unit of measurement on Ethereum which represents how much computational power is required to perform an operation. By hogging 13% of the Ethereum network, the Forsage contract has pushed up Ethereum transaction fees in the process.

According to data from Bitinfocharts, Ethereums average and median transaction fees have been on the rise since January 2020. Average fees rose 915% in that time, from $0.06 to $0.67with a brief spike to $4 early June. Meanwhile, median fees rose an incredible 2,564% in the same time frame, from $0.02 to $0.73.

Yet its not just Forsage thats responsible for the current Ethereum stress-test. According to Eth Gas Station, the Ethereum-based Tether (USDT) contract accounts for 26% of the networks gas usage.

Interestingly, the third-highest gas-guzzler on Ethereum is another multi-level marketing scheme known as MMM Global, which has accrued over $5 million in ill-gotten Paxos (PAX) stablecoins.

Despite the presence of gas-guzzling Ponzi schemes on Ethereum, Castonguay, who works in blockchain gaming, doesnt expect such scams to disappear any time soon. He said it was unfortunate that Ethereum was used in this way, but added:

It's inevitable due to the unstoppable and permissionless nature of the technology. I suspect that even with strong regulation, Ponzi schemes on Ethereum will still be common, especially as privacy tools available on Ethereum get better, he said.

So if you have money to lose, theres no need to rush over to Forsage. Its probably not going away any time soon.

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Philippines' SEC just denounced the top Ethereum dapp as a Ponzi - Decrypt

Polestar 2: the electric car that could give Elon Musk sleepless nights – Telegraph.co.uk

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I rather liked the Polestar 2, though many of the obstacles of electric motoring remain including a decent and affordable network of fast chargers.

Im impatient and annoyed that we are still struggling with basics like this, said Ingenlath at the launch, access to electricity should be open to all, there needs to be a universal system.

Mission impossible? Perhaps, but maybe this mercurial boss could call on the services of his alter ego

THE FACTS

Polestar 2

TESTED five-door executive car, with twin 150kW AC synchronous permanent-magnet electric motors with 400-volt, 78kWh gross (75kWh net) lithium-ion LG Chem battery comprising 324 pouch cells in 27 modules mounted under the floor and in transmission tunnel. Four-wheel drive.

PRICE/ON SALE 49,900 (before PiCG), 54,900 as tested with 5,000 Performance Pack/now. Lease deals from 564 a month for 3 years and 10,000 miles a year with a 3,384 deposit

POWER/TORQUE 408hp (2 x 150kW) @ 4,350rpm and 487lb ft (2 x 330Nm) from 0-4350rpm

TOP SPEED 127mph

ACCELERATION 0-62mph in 4.7sec

RANGE 292 miles WLTP (high)

EFFICIENCY 3.89 miles per kWh

CO2 EMISSIONS zero at tailpipe, well-to-wheels 37.2g/km

VED 0

VERDICT When the history of the battery-electric performance car is written, Polestar will be seen as coming in second place to Tesla but thats often a good place to be in automotive terms. The market is small but growing fast and this likeable car could catch the wave thanks to a more familiar layout for those who have struggled with Teslas unashamed disruptive design (and so-so reliability). Roadside charging, however, is still an issue in a disorderly market and there are few signs that will be changing soon.

TELEGRAPH RATING Four stars out of five

THE RIVALS

Tesla Model 3 Standard Range Plus, 46,990

The dual-motor, all-wheel-drive version of the Model 3 has a quoted WLTP range of 348miles, a top speed of 145mph with 0-60mpg in 4.4sec. Excuse the pun but Tesla polarises opinion like no other. The design is either clean or featureless depending on your standpoint. We have found test models to have ill-fitting panels, although the high-current Supercharger network (you have to pay per use with a Model 3) is a pretty big bonus given the state of roadside charging in the UK.

Audi eTron Sportback, about 79,900

Based on Audis curiously bloodless eTron and built in Belgium, the Sportback was intended to introduce a bit of vim to the eTron range as well as reducing the SUV bulk, at least to the eye. The technology is faultless including the virtual door mirrors and the performance from its 402bhp/490lb ft, 95kWh battery, two-motor drivetrain is terrific on paper. Unfortunately, however, Audi, while keeping its German press garage open all lockdown, has not sought to bring any examples to the UK. So youll have to wait for our impressions.

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Polestar 2: the electric car that could give Elon Musk sleepless nights - Telegraph.co.uk

Ex-Ford CEO Called It On Tesla [TSLA]: I Think The Stock Is Heading Higher – CleanTechnica

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Published on July 11th, 2020 | by Johnna Crider

July 11th, 2020 by Johnna Crider

Former Ford President and CEO Mark Fields recently shared what he thought of Teslas growth on CNBC. Currently, Fields is a senior advisor of TPG Capital, and he joined Closing Bell to share his thoughts on Teslas growth and what he thinks the future of the company would look like, including some thoughts on the stock [TSLA].

Tesla has surpassed all of the other auto manufacturers in terms of market cap, and one of the main questions was if this was about Teslas delivery numbers or its potential. When it comes to delivery numbers, it was noted that Tesla, when compared to several other automakers, only has thousands of deliveries a year while they have millions. However, when it comes to technology, the future of mobility, and EVs, Tesla is well ahead of its competitors.

I think actually a combination of both, Fields explained. I think the first is what Tesla is being rewarded with is growth. They grew over a month-over-month basis. Although on a year-over-year basis they were down about 5%, the rest of the auto industry was down, here in the states, almost about 2530%. I also think there are a couple of other things that investors are looking at.

Fields also shared his thoughts on Tesla and its competitors regarding software versus manufacturing. Theyre looking at competition and there was the anticipation that the established OEMs would bring products to market, which they are, but when you look at somebody like Volkswagen whos having a lot of problems with their ID.3 in terms of software management, and thats something that Tesla has done very well. They havent mastered the manufacturing piece, but they have mastered the software piece, which the OEMs still need to do.

Fields think that from a CO2 reduction standpoint, Teslas new products that are coming, like the Cybertruck, are incremental products. They arent replacing other products in their lineup, so should grow Teslas annual sales.

Addressing the second point, Fields stated that, It is around electrification going forward. He thinks that they will be in demand naturally and will also be enhanced by governmental incentives for CO2 reductions. So I think that its a combination of both of those, and I think the stock is heading higher. I think Elon was very, very focused on profitability in the second quarter.

Fields noted that if Tesla was to be profitable in Q2, then the company would have four profitable quarters in a row and would be eligible to be included in the S&P 500. If thats the case, not only will Tesla get the prestige of that, but also I think that a lot of index funds will be driven to include Tesla in their portfolio. This will, of course, increase the demand for Tesla stock and ensure the stock price goes up even further.

Fields believes that electrification is still a big priority for all the OEMs. I dont think theyre going to back off from that. Not only from a regulatory standpoint, but they need it from a competitive standpoint. I think in things like autonomous vehicles, youre going to see more partnerships as youve seen with Ford and VW, GM and Honda where theyre pooling their resources because, in the case of EVs or electrified vehicles, the technology is ready; theres a business model around it.

When it comes to autonomous vehicles, Fields doesnt think the technology is ready yet and doesnt think there is a business model set up for it. He said that he thought OEMs would pool their resources from here on out to push that out.

Another question that was posed to Fields was his thoughts on Elon Musks tweets. Specifically, the short shorts tweets and Elons playfulness on Twitter. As a former CEO yourself, would you put out a tweet like that? he was asked.

I, personally, wouldnt put out a tweet like that. I subscribe to the theory that be careful of who you step on on the way up because eventually, you might be on your way down. But listen, Elon is Elon, and I cant crawl inside of his head. Fields thinks that Elons tweets are a reflection of his personality and brand for Tesla and called it a risk for Tesla.'

Despite all of the sales, Fields shared that, ultimately, Tesla needs to be consistently profitable and needs to be more transparent with its margins when it comes to earnings.

Tags: Elon Musk, Ford, Mark Fields, Tesla, Tesla stock

Johnna Crider is a Baton Rouge artist, gem, and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to Believe in Good.Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Ex-Ford CEO Called It On Tesla [TSLA]: I Think The Stock Is Heading Higher - CleanTechnica

Tesla gets tax break for proposed $1 billion factory in Austin, Texas – FreightWaves

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With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.

The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.

Tesla is also seeking approval from Travis County commissioners for additional tax incentives before it moves forward with the plant.

Commissioners have discussed offering Tesla a 70% tax rebate on the first $1.1 billion it invests in Travis County. Tesla would also receive a 75% rebate for taxes associated with the second incremental billion, and 80% once $2 billion of investment is exceeded, according to county documents.

The commissioners are set to vote on the final tax incentives package for Tesla on Tuesday.

Tesla has not yet officially chosen a site for its new Cybertruck factory, and Tulsa, Oklahoma, also is still in the mix.

If Austin is selected, it would be Palo Alto, California-based Teslas second U.S. auto factory. Tesla unveiled its electric Cybertruck pickup prototype in November.

Tesla wants to build a 4 million- to 5 million-square-foot manufacturing plant on the 2,100-acre site on school district land near Austin-Bergstrom International Airport.

The new Cybertruck plant is expected to create around 5,000 jobs, with starting pay at $35,000 a year and an average annual salary of $47,147, according to documents filed by Tesla.

Tesla is not expected to start production on the Cybertruck until late 2021 at the earliest. The company already has more than 650,000 reservations for the vehicle, according to a recent report from Wedbush.

The Cybertruck will reportedly be sold in three models, with the least expensive one starting at $40,000.

Tesla shares cracked $1,500 for the first time on Friday, continuing a run that has seen Teslas market capitalization rise 190% in the past six months.

Click for more FreightWaves articles by Noi Mahoney.

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Tesla gets tax break for proposed $1 billion factory in Austin, Texas - FreightWaves

Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs – Motley Fool

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The stock market has posted an amazing rebound from its March lows, but the real standout among major market benchmarks has been the Nasdaq Composite (NASDAQINDEX:^COMP). On Friday, the index closed at a record high for the third straight day, buoyed by enthusiasm about the U.S. economy's ability to overcome even a troubling rise in COVID-19 cases. Both the Composite and the Nasdaq 100 Index were up between 0.5% and 1%.

Tesla (NASDAQ:TSLA) and Zoom Video Communications (NASDAQ:ZM) have been among the top performers in the stock market lately, and today both companies saw their stocks move to new record levels. For Tesla, momentum seems to be unstoppable right now, even as short-sellers remain skeptical of the electric vehicle maker's prospects. Zoom, meanwhile, saw more modest gains on Friday, but investors have high hopes for even more from the video collaboration specialist in the weeks ahead.

Shares of Tesla jumped 10% on Friday, adding to their amazing run recently. The stock has climbed more than 50% just since June 29, and investors think that there could be even more gains ahead.

Looming in the immediate future for Tesla is an invitation to join the S&P 500 Index. With the company having surpassed market capitalization and trading requirements long ago, the only remaining hurdle for Tesla to overcome was posting four quarters of positive earnings. That was apparently a close call in the second quarter, but investors seem confident that Tesla managed to get the job done.

Tesla CEO Elon Musk. Image source: Tesla.

In addition, CEO Elon Musk tossed out a tidbit for his fans to ponder. Tesla hopes to start producing vehicles in the German capital of Berlin in the next year, and Musk suggested that the company might consider future vehicle designs for production there that better fit the profile for European city streets.

Tesla isn't the only stock seeing momentum-driven gains right now, but it's among the highest-profile stocks doing so. With so many people wanting to bet against Musk and Tesla, high short interest also leaves open the possibility of short squeezes that could help amplify any good news.

Meanwhile, Zoom Video Communications saw its stock rise 2%. The video conferencing platform provider continues to benefit from trends requiring remote workplace collaboration, and continued difficulties with COVID-19 could make its software even more important for enterprise customers willing to pay up for top quality.

News earlier in the week showed that Zoom is trying to remove all obstacles from would-be clients looking to start using its service. The company will work to provide essential video equipment on a lease basis, dubbing the concept "hardware-as-a-service" and making it more financially feasible for small and mid-sized businesses to take their use of Zoom to the next level.

Yet what investors seem truly excited about is how quickly Zoom has been able to grow in recent months. It won't be until early September before shareholders get another full quarterly report, but Zoom has been good about releasing interim numbers when it achieves key milestones.

It's definitely the case that hundreds of millions of people are using Zoom who didn't just months ago. If even a small fraction of them stay on to become paying customers, then the bump in revenue stands a chance of justifying even the huge gains the tech stock has already seen.

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Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs - Motley Fool

Stocks making the biggest moves after hours: Tesla, Red Rock Resorts, Fitbit and more – CNBC

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CEO of Tesla Motors Elon Musk reacts following the company's initial public offering at the NASDAQ market in New York June 29, 2010

Brendan McDermid | Reuters

Check out the companies making headlines after the bell:

TeslaThe automaker's stock rose 1% in extended trading. Tesla's shares jumped 13.5% and hit a new high earlier Monday on JMP Securities' projection that the company will generate $100 billion in annual revenue by 2025.

Red Rock Resorts Red Rock Resorts dropped more than 1% in extended trading. The company said Saturday that Red Rock Resorts President Richard Haskins died in a July 4 watercraft accident and that it will release a succession plan in the coming days. The drop also follows a trend of U.S. casino stocks declining over investor concerns that property closings will continue in the coming weeks because of the coronavirus pandemic.

Inovio Pharmaceuticals Shares of Inovio fell 1% after the market closed. The pharmaceutical company's stock has trended downward since last week when it announced positive results for its coronavirus vaccine clinical trial. Following the release, medical news siteStat said the company did not provide critical data required to evaluate its value.

Fitbit Fitbit's stock whipsawed in extended trading. Regulators in the European Union are reviewing Google's $2.1 billion acquisition of Fitbit, with continuing concerns over how Google could use Fitbit users' personal data and dominate the market.

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Stocks making the biggest moves after hours: Tesla, Red Rock Resorts, Fitbit and more - CNBC

Tesla and Nikola Stock Have Been on Fire. A California Law Could Drive More Gains. – Barron’s

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A California law passed recently will benefit the electric vehicle sector, and could further drive enthusiasm for stocks such as Nikola and Tesla, as well as alternative fuel companies.

California passed the Advanced Clean Trucks rule in late June. It requires heavy duty pickup trucks to be zero-emission vehicles. The rule will be phased in from 2024 through 2035.

The market seemed to take little notice on the day the law passed, June 25when both the Dow Jones Industrial Average and S&P 500 sold off by more than 2%. But Cowen analyst Jeffrey Osborne said a research report last week that he received higher call volume from investors about the electric-vehicle trucking space after its passagea potentially good sign for the industry.

The law might be bullish for Plug Power (ticker: PLUG), Ballard Power Systems (BLDP), Workhorse (WKHS), Nikola (NKLA), Tortoise Acquisition (SHLL) and, of course, Tesla (TSLA).

Plug, Ballard, and Nikola offer fuel-cell technologies. Nikola also plans to sell battery-powered trucks. Tesla, Tortoisevia its pending acquisition of Hyliionand Workhorse plans to sell battery-powered commercial vehicles.

Its difficult to tell how much impact the bills passage has had on EV stocks, because other factors have been in play in the past week. Tesla is up more than 20% since passage, but its shares are more driven by cars than trucks. Last week on Thursday, Tesla reported better-than-expected second-quarter vehicle deliveries, pushing shares 8% higher to a record of more than $1,200 a share.

Workhorse stock is up an unreal 148% since passage around June 25. But Lordstown Motor, in which Workhorse has a 10% stake, launched its light pickup truckcalled Enduranceto much fanfare this past week.

Tortoise stock has soared 59% over the same span, and Plug Power stock has climbed 25%. Ballard has jumped about 24%. The runs have been remarkable.

Nikola shares, on the other hand, are down 16% since June 25, including a 13% drop Thursday. Nikola opened up reservations for its Badger light-duty pickup on Monday. That isnt bad news, but investors might have wanted more information about how reservations were going.

Nikola founder Trevor Milton did tweet on Thursday that the $5,000 deposit package was sold out. Reservations amounts range from $250 to $5,000.

Still, Nikola shares are doing just fine lately, up more than 70% since beginning life as a public company on June 3.

Whatever the reason for the huge rally, there is no denying alternative fuel stocks are on fire.

To be sure, there are risks. Workhorse, Nikola and Hyliion, for instance, dont have substantial sales or a long history of manufacturing excellence. But that obviously just isnt worrying investors right now.

Write to Al Root at allen.root@dowjones.com

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Tesla and Nikola Stock Have Been on Fire. A California Law Could Drive More Gains. - Barron's

DeSantis: More than 70 Tesla charging stations coming to the Turnpike in Orlando – FOX 35 Orlando

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Charging stations coming to Florida roadways

It will soon be easy to cross Florida in an electric vehicle. Dozens of charging stations will be added in the coming weeks.

ORLANDO, Fla. - Gov. Ron DeSantis announced that 74 Tesla charging stations are coming to Florida's Turnpike.

He made the announcement from the Turkey Lake Service Plaza in Orlando alongsidethe Florida Department of Environmental Protection Secretary Noah Valenstein and representatives from Tesla.

The funds for the stations will come from a settlement worth millions of dollars against Volkswagen for violating the Clean Air Act.

MORE NEWS:Gov. DeSantis: Students should be in classrooms in the fall, not learning online

The 74 charging stations will be created with $8.5 million along Interstate 95and Interstate 75. There are plans in the future to add additional charging stations using that same settlement money.

The charging stations will more than likely be completed within the next two months, DeSantis said.

During the news conference, DeSantis defended the decision to reopen Florida schools despite the surge in coronavirus cases, saying, It should not be political, it should be based on the facts."

DeSantis cited the negatives of kids being isolated fromteachers and peers.

I dont think theres anyone who can make an argument that this is especially risky for kids, he said. Parents should have the ability to make the decision they want.

DeSantis recently said that state schools should reopen as soon as possible.

"I want our kids to be able to minimize this education gap that I think has developed," DeSantis said. "In spite of good efforts with the online, it's just not the same, so I worry about that gap."

RELATED:Tracking coronavirus: Florida sees 2nd-highest daily increase with more than 11,400 new cases on Friday

Per the new executive order,all public schools and charter schools must open their buildings for students at least five days per week.

On Friday,Florida saw it's second-highest daily increase, adding another 11,433 new coronavirus cases.The total statewide is now at 244,151, according to the Florida Department of Health.

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DeSantis: More than 70 Tesla charging stations coming to the Turnpike in Orlando - FOX 35 Orlando