Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Kanye West Claims Universal Music Group Released ‘Donda’ Without His Approval
Billboard has reached out to Def Jam for comment. The Donda track “Jail pt 2,” featuring DaBaby, was originally unavailable when the album first appeared on streaming services Sunday morning, but became available later in the afternoon. In a now-deleted Instagram post from early Sunday, West shared screenshots of text messages saying the track was being held up because of clearance issues from DaBaby. During Ye’s third large-scale listening event for Donda at Chicago’s Soldier Field on Aug. 26, it was revealed that Jay-Z’s verse on “Jail” had been replaced by a new one from DaBaby, who has been under fire for making homophobic and misogynistic comments at Rolling Loud Miami in July. Fans were pleased to learn Sunday that Jay’s verse had been ...
Lorde Powers Australia’s Albums Chart
The Aucklander will support the new LP in these parts with a tour of Australia, set for March 2022. Also new to the survey this week is Hello My Beautiful World (Wonderlick/Sony), the fourth album from Sydney alternative rock outfit Holy Holy. It’s new at No. 4, for the duo’s career chart peak. Hello My Beautiful World is the act’s fourth album and the followup to the ARIA Award-nominated effort My Own Pool Of Light, which reached No. 14 following its release in August 2019. Melbourne blues rock outfit Tropical F**k Storm sweeps into the Top 10 with Deep States (TFS/Universal), new at No. 7, for a new chart best. It’s the third album from the “supergroup,” comprised of members from The Drones, High Tension, MOD CON, Harmony, and Palm Springs. U.S. rapper Trippie Redd makes his first appear...
Crypto wallets: An important battlefront to gain wallet share and mind share
Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and boarding passes. However, crypto wallets attempt to redefine the digital wallet landscape as something more than safe storage of payment and crypto instruments. With more than 100 crypto wallets and growing, this sector in the cryptosphere is getting crowded and adding further complexity to an already fragmented blockchain and digital asset space. As I study this space and try to make sense of the complexity of new blockchains, layer-one protocols decentralized finance (DeFi) and nonfungible token (NFT) projec...
Top 5 cryptocurrencies to watch this week: BTC, ADA, LUNA, VET, XTZ
On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test. In response to the speech, the U.S. dollar index (DXY) fell, the S&P 500 index rose to a new all-time high, and Bitcoin (BTC) surged about $1,500 in under an hour. This showed that market participants viewed the speech as “dovish.” Crypto market data daily view. Source: Coin360 Bitcoin’s uncertainty near the $50,000 mark has analysts divided about its short-term directional move. Analyst Ryan Clark believes the current consolidation in Bitcoin is similar to the one seen below $24,000 before the breakout in Decem...
XinFin (XDC) hits a new ATH after fresh partnerships and exchange listings
Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that has been gaining traction on the enterprise adoption front is XinFin Network (XDC), an enterprise-ready hybrid blockchain solution specifically designed to optimize international trade and finance. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.0673 on July 20, the price of XDC rallied 190% to establish a new all-time high at $0.1952 on Aug. 21. XDC/USDT 4-hour chart. Source: TradingView Three reasons for the growing momentum behind XinFin are the addition of the XDC N...
Hurricane Ida strengthens, Louisiana braces for severe blow
“We’re going to catch it head-on,” said Bebe McElroy as she prepared to leave her home in the coastal Louisiana village of Cocodrie. “I’m just going around praying, saying, ‘Dear Lord, just watch over us.’” Ida was poised to strike Louisiana 16 years to the day after Hurricane Katrina devastated the Mississippi and Louisiana coasts. A Category 3 storm, Katrina was blamed for 1,800 deaths and caused levee breaches and catastrophic flooding in New Orleans, which took years to recover. “We’re not the same state we were 16 years ago,” Louisiana Gov. John Bel Edwards said Saturday, pointing to a federal levee system that’s seen major improvements since Katrina swamped New Orleans in 2005. “This system is going to be tested,” Edwards said. “The people of Louisiana are going to be tes...
Louisiana governor: Levees should hold against Hurricane Ida
“We have lesser systems of protection built along the coast, where the levees aren’t as high and they’re not as fortified and we’re very concerned there. This will be a tremendous test of those systems. Quite frankly, it will be the strongest test we’ve had yet for the current hurricane and storm risk reduction system itself.” During Hurricane Katrina in August 2005, multiple levees were breached, notably in the Lower Ninth Ward of New Orleans, which suffered some of the storm’s worst damage. Katrina left more than 1,800 people dead and according to the National Oceanic and Atmospheric Administration, inflicted approximately $170 billion worth of damage. Edwards said it appears that hundreds of thousands of residents evacuated Saturday ahead of the storm...
Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K
The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair’s upside momentum is weakening out. Bearish divergence A normal RSI momentum tends to tail the price action. That said, it rises when the price rises and falls when the price drops. But in some cases, the RSI deviates from pursuing the price trends, leading to a so-called RSI divergence. Technical analysts consider RSI divergence as a powerful signal to spot price rever...
How does the infrastructure bill affect the mining industry in the US?
On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language defining brokers in the bill is clarified, it will singlehandedly thwart the growth of a domestic industry just as it is taking off. As written, the bill allows for multiple interpretations of the term “broker.” In the English language, there is no real controversy — or ambiguity — about what a broker does. According to Merriam-Webster’s online dictionary, a broker is “one who acts as an intermediary: such as […] an agent who negotiates contracts of purchase and sale (as of real estate, commodities, or securities).” In traditional ...
Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’
Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication described nonfungible tokens as an important innovation during the pandemic, where strict shelter-in-place orders limited live sports, entertainment and music festivals. At the same time, NFTs are emerging at a time when fans are eager to join digital communities centered around their favorite artists or sports teams. Professional sports were hit especially hard by the pandemic, with an estimated $18 billion in lost revenue across major leagues worldwide. According to Visa, this further drives the “need to diversify revenue and foc...
Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data
The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing. Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com In detail, the Fed chairman Jerome Powell delivered a mildly dovish outlook during his speech on Friday at the annual Jackson Hole symposium. At one point, he refrained from providing hints regarding when the Fed would start unwinding its $120 billion a month asset purchasing program. Powell noted that they would begin tapering sometime by the end of 2021, albeit admitting that the fast-spreading Delta variant of th...
The new episode of crypto regulation: The Empire Strikes Back
The latest news has left the decentralized finance community in a collective fetal position. Responding to the threat of increased regulatory oversight, leading decentralized exchange Uniswap recently restricted the trading of certain tokens. Earlier in July, Dan M. Berkovitz, chairman of the Commodity Futures Trading Commission (CFTC), said that DeFi derivatives platforms might contravene the Commodity Exchange Act (CEA): “Not only do I think that unlicensed DeFi markets for derivative instruments are a bad idea, but I also do not see how they are legal under the CEA.” Most worrisome of all is the initial version of the United States Senate’s $1 trillion infrastructure bill, which would create impossible tax compliance requirements for crypto firms. Related: Senate infrastructure bill isn...
