Day: September 2, 2020

ETH/USD meteorically pacing to $450 as $500 draws nigh

  • Ethereum breaks out above $440 in a bid to smash through the current 2020 high at $447.
  • ETH/USD bullish case to highs above $450 seems unstoppable as shown by the RSI and the MACD.

Ethereum has entertained the ongoing bullish case since the weekend session. In addition to reclaiming lost ground above $400, Ether paced past several other hurdles including $420 and $430. On Monday, there was a reversal back to the support at $420 before the bulls gathered enough strength to pull ETH above $430. The bullish action remained unstoppable with the bulls reclaiming the ground above $440 towards the end of the Asian session on Monday.

At the time of writing, ETH/USD is doddering at $442 amid a massive bullish momentum. All eyes are glued on breaking August’s high traded at $447 and pushing the second-largest cryptocurrency to new milestones beyond $450.

The technical picture is strongly positive

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Zoom saw revenue quadruple in monster second quarter

Videoconferencing platform Zoom had a huge second quarter, with $663.5 million in revenue compared to $145.8 million a year ago, the company announced on Monday. It now has around 370,000 customers with more than 10 employees, an increase of 458 percent year over year.





© Illustration by Alex Castro / The Verge


“Our ability to keep people around the world connected, coupled with our strong execution, led to revenue growth of 355% year-over-year in Q2,” Zoom founder and CEO Eric S. Yuan said in a statement announcing the earnings.

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The company’s revenue outlook for fiscal 2021 is now $2.39 billion, Yuan added. Zoom has become ubiquitous during the coronavirus pandemic, reflected in its blockbuster first quarter when it grew revenue almost 170 percent year over year to $328 million.

Zoom has struggled with its share of security issues in recent months, and the company had been criticized for

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Project Designed To Empower Communities Wins Lexus Design Award 2020

BellTower would like to address the critical infrastructure challenges facing developing nations with “Open Source Communities”. The Grand Prix Lexus Design Award 2020 winner proposes using innovative smart open-source planning to create affordable communities which can provide sustainable clean water resources. The multi-disciplinary Kenyan studio was selected from among 2,000 entries received from 79 countries worldwide – one of the highest numbers in the awards’ history.

Launched in 2013, the Lexus awards initiative is open to emerging international designers. Topics covered have little to do with cars. Rather, this is about nurturing the next generation of designers. For the 2020 awards, participants were asked to design solutions within the context of the three key principles of the Lexus brand: anticipate, innovate and captivate in the quest for a better tomorrow.

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Alabama State University unveils thermal screening technology to detect COVID-19

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When visitors entered Alabama State University’s John Garrick Hardy Student Center on Tuesday morning, they were asked to do the opposite of what most every public health official has recommended since spring: Remove their masks. For a moment, at least.  

That’s because Draganfly, a smart thermal temperature assessment device that screens for COVID-19 symptoms, reads biomarkers such as temperature, heart rate and respiratory rate by quickly scanning the image of a person’s face.  

The smart device is contactless, reads temperatures in about 30 seconds and requires only that individuals remove all face coverings, including glasses. No data is collected, and images are not stored. ASU is the first educational facility in the state to unveil the new technology.  

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New temperature checking technology at the Hardy Student Center on Alabama State University campus in Montgomery, Ala., on Tuesday, Sept. 1,

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Has Zscaler (ZS) Outpaced Other Computer and Technology Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Zscaler (ZS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ZS and the rest of the Computer and Technology group’s stocks.

Zscaler is a member of our Computer and Technology group, which includes 604 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a

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Nasdaq, S&P 500 close at record highs as big tech and working-from-home shares drive gains

Major U.S. stock indexes closed higher Tuesday, ending near or above prior all-time records, as upbeat economic reports and dovish tones from the Fed helped feed the buying momentum on Wall Street.

The ascent for stocks comes despite expectations for a seasonally challenging month for equities, following the best August returns in more than 30 years.

The Dow Jones Industrial Average
DJIA,
+0.75%

rose 215.61 points to end at 28,645.66, or 0.8% higher, the S&P 500 index
SPX,
+0.75%

added 26.34 points to close at a record 3,526.65, a gain of 0.8%, after setting an intraday record of 3,528.03; while the Nasdaq Composite Index
COMP,
+1.39%

advanced 165.21 points to a record 11,939.67 finish, a rise of 1.1%, after touching a new intraday all-time high of 11,945.72.

On Monday, the Dow shed 223.82 points, or 0.8%, to end at 28,430.05. The S&P 500 fell 7.70 points, or 0.2%, ending at

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Uber will require some riders to take mask selfies

As its ride-sharing business continues to struggle during the COVID-19 pandemic, Uber announced that it will begin to require some riders to take selfies to prove they are wearing masks.

The company already requires drivers and delivery workers to take mask selfies as a prerequisite to signing on to the app. To date, Uber says that more than 3.5 million drivers and couriers have completed more than 100 million mask verifications.

Uber isn’t requiring mask selfies for all riders, but if a driver reports that a customer is not wearing a mask, the company says that rider will be required to take a selfie before using Uber again. And riders and drivers are free to cancel a trip, without penalty, if the other person isn’t wearing a mask.

“We firmly believe that accountability is a two-way street,” Sachin Kansal, Uber’s global head of safety, said in a blog post.

The

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Researchers manipulate two bits in one atom

Two bits in one atom
Artist’s impression of the atom studied under the needle of a tunnel microscope. The spin and orbital angular momentum are indicated by a small and a large arrow respectively. Credit: TU Delft

Researchers at Delft University of Technology have succeeded in independently manipulating two different types of magnetism within a single atom. The results are relevant for the development of extremely small forms of data storage. In time, this new discovery could make it possible to store two bits of information in one atom.


The magnetism of an atom is the result of electrons orbiting around the nucleus of the atom. These rotations can be divided into two categories. “Compare it with the Earth orbiting around the sun,” explains research leader Sander Otte. “On the one hand, the Earth orbits around the sun, which takes a year. On the other hand, the Earth also rotates around its own axis, which

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