News 

Qualcomm Snapdragon 710 officially announced w/ flagship-tier performance and features at a lower cost

“Today, the company has officially announced the first chipset in that collection with the Snapdragon 710” writes Gear Frontier for 9to5google.com. OEMs are able to start using the Snapdragon 710 in devices starting today, but it’s unclear which devices will support it first.Qualcomm is using a 2+6 octa-core setup here with two high-performance 2.2GHz CPUs paired with six effiency-focused 1.7GHz cores.Qualcomm revealed earlier this year that, in addition to its other chipset lineups, a new 700-series line of Snapdragon processors would be coming soon. Source: 9to5google.com Share This:

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Markets News Stocks 

Netflix Just Passed Disney and Became the World’s Biggest Media Stock

“Netflix Inc. soared past Walt Disney Co. in market value, taking the title of most valuable media company from the film, TV and theme-park giant” writes Rob Golum for bloomberg.com. The company introduce a web-based ESPN subscription service and has plans for an additional offering.Netflix’s advance underscores the high value investors place on the fast-growing streaming company, which went public in 2002 and leads the S&P 500 Index this year with a gain of more than 81 percent. Source: bloomberg.com Share This:

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Crypto News Platforms 

Coinbase Rebrands GDAX to Coinbase Pro and Integrates Newly Acquired Ethereum Startup Paradex

“On Wednesday, May 23, the company also announced the rebranding of GDAX exchange to Coinbase Pro” writes Bhushan Akolkar for coinspeaker.com. The rebranding of GDAX will make trading experience more easy and intuitive, while integrating the Paradex platform will give customers access to more digital currencies.Currently, Coinbase offers its customers to trade only four digital currencies – Bitcoin, Ethereum Bitcoin Cash and Litecoin on its platform.As stated in their official blog post, some of the salient features of the new Coinbase Pro service include: The company plans to integrate the…

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News 

Vevo Shuttering iOS and Android Apps to Focus Music Video Business on YouTube

“Music video platform Vevo has confirmed that it will be shutting down all of its mobile apps and consumer-facing video hosting website, signaling a shift in its business to focus on YouTube (via Variety )” writes Thursday May for macrumors.com. After the discontinuation of its apps and website, Vevo’s YouTube channel will become the primary source of its music video distribution.To ensure a smooth transition, Vevo will provide a playlist tool to its mobile app users so they can import their Vevo playlists over to YouTube.Apps affected include those for…

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News Platforms 

Airbnb quietly launches Travel Stories in beta, letting users share ephemeral pictures and videos that can be viewed in-app or online

“By creating a trove of travel content that links users back through to the Airbnb platform, Airbnb is creating something that is aimed at entertaining its users, while at the same time providing some practical functionality in the form of links to places” writes Ingrid Lunden for techcrunch.com. Now Airbnb is becoming the latest adopter of the format: the travel and accommodations startup has quietly launched a new feature called Travel Stories, a way for guests to create video sequences of their Airbnb experiences to post on the site.The company…

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Markets News 

Netflix is now worth more than Disney and Comcast

“The streaming company is now worth more than Disney and Comcast” writes La Monica for cnn.com. Shares of Netflix (NFLX) were up Thursday even as Disney (DIS), Comcast (CMCSA) and the broader market fell.Competition from Hulu — the streaming service backed by Disney, Fox and CNN parent company Time Warner — hasn’t really dented Netflix’s growth either.In fact, Netflix is now worth more than every traditional media company. Source: cnn.com Share This:

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Crypto Markets News 

Justice Department launches probe into Bitcoin price manipulation, report claims

“The U.S. Justice Department has launched a criminal probe into whether the price of Bitcoin and other cryptocurrencies are being manipulated by traders, Bloomberg reported Thursday” writes Stan Schroeder for mashable.com. The price of Bitcoin has been on the decline since May 5, when it briefly hit $9,950, and is currently at $7,543.It’s currently trading at $586 with a market cap of $58.4 billion.Internet forums are full of theories on who’s pushing the price of Bitcoin this or that way, and they range from somewhat plausible to completely ludicrous. Source: mashable.com…

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Crypto News 

US investigating bitcoin price manipulation as cryptocurrency runs wild

“The price of bitcoin fell to $7,364 in the wake of Thursday’s report from Bloomberg, from an overnight peak of $7,718” reports cnet.com. The Justice Department has opened a criminal investigation into the possibility that the prices of bitcoin and other cryptocurrencies are being manipulated by traders, according to Bloomberg.It’s reportedly being conducted in tandem with the Commodity Futures Trading Commission, the financial regulator which oversees derivatives tied to bitcoin.The bitcoin market’s meteoric rise and massive volatility has led to some countries, including China, to ban the cryptocurrency, while others…

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News Oil 

With The Recent Oil Glut Gone, Crude’s Upside Is Big

“U.S. oil prices are lagging behind global oil prices climbing toward $80 a barrel, the latest sign of a market that has gone from glutted to exceptionally tight in the past year” reports etfdailynews.com. Anyhow, rising oil is one more peak-cycle indicator that solidifies the comparisons with past peaks and the carnage that followed.Saudi Arabia, Iran, Venezuela, and Russia are all big oil exporters and will, to varying degrees, use the coming windfall to do things that liberal democracies will not appreciate.Economically, expensive oil means tighter margins for businesses that…

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