Bitcoin’s bull market correction may be coming to an end, according to the relative strength index (RSI) – a technical indicator widely used to gauge momentum and identify overbought and oversold conditions. The 14-week RSI has now dropped to 53.00, a level that has consistently acted as solid support and marked an end of corrective pullbacks during the 2016-2017 bull run. The RSI support has come into play as bitcoin charted a 35% drop from $64,801 to $42,000 in the past four weeks. While… Source link
Read More »Google is planning a big UI overhaul for Android 12, leak suggests
We are just a day away from Google’s annual I/O conference but that’s just enough time for a very massive leak on the Android 12. According to an inside source speaking to Jon Prosser, the tech giant is looking to re-design Android’s UI and focus on stronger privacy and security in its next major release. Front Page Tech put out a video summarizing the three big changes coming to Android 12: Beautiful new experience (read new UI) Stronger privacy and security protections All of your… Source link
Read More »DraftKings stock fell after earnings report, but CEO says ‘nothing’ suggests a slowdown
Shares of online betting platform DraftKings () were down nearly 7% at market close on Friday after first-quarter financial results that reported a wider than expected loss and higher expenses . But DraftKings CEO and co-founder Jason Robins struck an optimistic tone when speaking to Yahoo Finance Live on Friday, noting the company beat estimates on earnings per share and raised its full-year guidance by 16% amid increased enthusiasm for sports betting. “We’re seeing nothing in the data to… Source link
Read More »Revamped Google TV app could soon work as a remote control, code suggests
The Android Google TV app could soon be getting a built-in remote control for Android TVs, XDA Developers reports. The unreleased feature was discovered in the code for version 4.25 of the Android app. Enabling the feature reveals an apparently unfinished interface built around a large D-pad, and the option to pair the app with an Android TV device using a 4-digit PIN. The discovery of the new code coincides with a renewed push from Google to update and modernize its smart TV software…. Source link
Read More »Trader: Robinhood, Reddit/GameStop drama suggests Wall Street has a 'plumbing issue' – Yahoo Finance
The Reddit-fueled frenzy behind GameStop’s (GME) surge last week — burning hedge fund short sellers and forcing Robinhood to curb activity in a clutch of hot stocks — illustrates a “plumbing issue” that exists in trading markets, according to one trader. The frenetic retail trading that took place over the last several weeks, roiling global markets in the process, creates a flood that blows away traditional risk management, veteran trader Peter Borish told Yahoo Finance. “I think… Source link
Read More »Google Antitrust Case Suggests Apple Should Be in the Department of Justice’s Crosshairs Too
Google’s payments to Apple to promote its search engine in iPhones, iPads and Mac computers are at the center of the Department of Justice’s antitrust lawsuit against the tech giant. The suit alleges this creates a “continuous and self-reinforcing cycle of monopolization” by limiting which search engines consumers can use. But as someone who studies platform markets, competition and industry structure, I believe the agreement seems more like a damning indictment of Apple’s own… Source link
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