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Facebook Admits to Draining Phone Batteries

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Ordinarily, bug fixes are welcomed, but now and then, someone needs blame. In Facebook’s mobile app version, this is the case.

The company has a market capitalization of nearly 300 billion dollars. It would seem that they could get their act together in regards to mobile applications. Ostensibly, that’s what they’ve done, with the notes in their iOS version 42 stating that “continued use of GPS running in the background can dramatically decrease battery life.”

The app would run twice as long in the background as it did in the fore when users closed it. Continuous GPS tracking is not just creepy; it’s expensive in terms of battery life. Moreover, for many in the security community, it’s suspicious. Isn’t it true that phones could run just fine without GPS? Users would have to decide to have no map functionality. Isn’t that what they invented dedicated GPS devices for?

Also read: Facebook Disrupting Digital Journalism with Instant Articles battery drain

In any case, the iOS app isn’t the only Facebook app that uses a lot of battery life. If you’ve been able to install the massive application on your Android device in recent times, you’ll notice your battery life drop quickly. Even if GPS tracking is not on by default, what really is causing this high battery usage? Persistent use of anything, be it data or GPS, is going to draw battery life. The application is closed source, of course, so no one has the chance to audit it besides Facebook engineers.

Android users have long had concerns about the Facebook app, a user writing on an Android forum a couple years ago:

So today I noticed that my battery was draining really fast so I checked Wakelock Detector and saw that Facebook alarm manager had woken my phone up more than 500 times in a few hours. My Facebook notifications are turned off and so is sync. […] I can’t figure out what could be causing this. I use the app a lot so I don’t want to uninstall but it’s really killing my battery.

Reports have it that Android 6.0, dubbed Marshmallow, has serious improvements to battery usage. However, one reviewer says that this is not necessarily the case, and that they had problems with a Nexus 5 updating to the new version of Android. This is due to the upgrade process more than anything, according to the review.

Apps like Facebook that are data heavy and GPS heavy could be even worse. Given that the most important thing about having a smartphone is being able to use it when you need it, it’s ironic that some of the most common ways of using them shorten the amount of time that users can do so.

The current generation of Internet users is hooked on Facebook. Facebook is hooked on their data. Will the future be something like the local hair salon knowing when someone is walking by who recently wrote about needing a haircut? At this point, anything seems possible.

Images from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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XRP Price Analysis: XRP/USD Behavior Suggests of One More Deep Pullback

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  • XRP/USD price action is moving within a range-block, subject to an extended move lower.
  • American Express are singing praises above the speed of Ripple’s technology.

XRP/USD price has stabilized, after the renewed chunky wave of selling pressure that hit the market. The price last week was forced to drop a whopping 30%. This came following a period of consolidation, which commenced on 25th November. XRP had managed to gain some firmer footing, after the brutal November selling. However, from a technical observation, the price entered into a range-block, which was subject to an extended move lower. Over the past three days, similar behaviors are noted, which expresses vulnerabilities.

American Express Praises the Speed of Ripple’s Technology

Back in November 2017, news hit the wires of a partnership between American Express, Ripple, and Santander Bank. Earlier this year, an official confirmation of partnership between Ripple and American Express was announced. This includes Santander Bank, and promises a solution which will offer fast speed and lower cost cross-border transactions. American Express had detailed using Ripple’s xCurrent technology to facilitate payments.

The general manager of American Express’ corporate payments, Carlos Carreido, was recently speaking at a conference called the Wings of Change Europe, which was held in Madrid. He detailed the incredible capabilities with the use of Ripple’s blockchain technology. As a result, the performance making a large difference for them, in payment processing globally.

Carlos Carreido said, “Blockchain is absolutely an option we’re looking at. Just to give you a sense, we have invested in a fintech lab, based on blockchain technology, just to understand how to leverage this better. We did a pilot. We did a test, partnering with Santander locally, and with Ripple to just do cross-border transactions. Cross-border transactions continue to be complex and slow. And in a matter of seconds, through this test, our clients were able to transfer funds in a very transparent and seamless way, from one part of the world to the other one.”

Technical Analysis: XRP/USD

XRP/USD 4-hour chart

Since the 7th December, XRP/USD has once again found firmer footing. The price managed to bounce most recently within the $0.29 territory. Danger to the downside is still very much at large. Similar behaviors that were seen between 25th November to 5th December, are being observed. This was a period of consolidation ahead of another deep fall. XRP/USD is moving within a range-block. The upper part of this seen at $0.3300, and current downside capped around the $0.2950 area.

Downside Targets

XRP/USD daily chart

Keeping the above in mind, XRP/USD could be set for another drop lower. This would fall in line with the previous article via Hacked. One more deep move lower, before the big bull buying comes into play. The price is already in proximity to this demand area but could be forced further towards the $0.2500-$0.2000 range. As previously mentioned, historically this is the area that sees bulls come in by quite some force.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Dash Price Analysis: DASH Sees Change in Sentiment, with Help from KFC Adoption Announcement

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  • KFC to start accepting DASH payments in Venezula, as adoption across the country continues.
  • DASH/USDT has seen a firm bounce, producing a daily hammer candlestick, indicating of a reversal on the cards.

DASH/USDT has bounced over the past three sessions, a promising change from the bearish sentiment seen. Through the month of November, which was very punishing for the whole cryptocurrency industry, Dash dropped over 65%. The price however, managing to find a bottom most recently just below $60, within the $58 territory. This was the lowest level seen since April 2017.

KFC Accepting Dash

Starting this coming week, one of the world’s largest fast food restaurant, KFC, will start accepting Dash payments in Venezuela. This is following suite of several other food outlets in the country that are already facilitating Dash as a means of payment. It is reported that KFC will initially just be rolling this out in the Venezuela’s capital, Caracas. This coming before they fully expand and allow coverage in 24 other locations within the country.

Alejandro Echeverría, who has been a large part of the Dash adoption across Venezuela, commented: “Having a globally recognized brand such as KFC accepting dash payments in Venezuela is a great achievement for cryptocurrency. Further validation of the continuing trend of Dash adoption. Not only from a user perspective, but now merchants as well.” Echeverría is the co-founder of Dash Help, Dash Merchant Venezuela and Dash Text.

Dash Text

This greater adoption for Dash in Venezuela follows news last month of a new service being launched known as Dash Text. This is a Venezuela-based service, which facilitates SMS-based transactions for Dash. Users can buy, store and spend Dash, without access to the internet and the requirement of a smartphone. Anyone in Venezuela with any kind of mobile phone, can participate in the ecosystem of Dash, via SMS.

Technical Review – DASH/USDT

DASH/USDT daily chart

Given the recent stabilization from the lowest levels since April 2017, it does give the DASH/USDT bulls something to capitalize on. A daily hammer candlestick did form after hitting the $58 territory. This demonstrated a strong sign of a potential reversal to come. The bulls have so far followed this through, currently running at three consecutive sessions in the green. There is still some way to go before this can be a confirmed bottom.

Upside Targets

In terms of near-term upside targets, the first challenge for the bulls will be to tackle to the most recent prior acting demand zone. Across the market on 25th November, sellers were very much exhausted, and a bounce was seen. Some thought it was the bottom, however that didn’t prove to be the case. This can be observed tracking from $81-$89; this area had supported the price from 25th November, until 4th December, before a breach was seen. This is a new barrier for the bulls now.

Looking further to the upside, there isn’t too much in the way of the bulls convincingly reclaiming the big $100 mark. Prior to the large November drop of some 65%, as detailed earlier, the price was comfortably trading sideways around the $150 territory. Should the bulls maintain current course of momentum seen and breach the $81-$89 zone. Then it wouldn’t be too surprising seeing a quick move back pre-November fall levels.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Cardano Price Analysis: ADA Subject to Further Downside, Despite Charles Hoskinson Singing Praises of Progress

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  • Cardano founder, Charles Hoskinson, said, “Cardano’s future is looking very bright!” in a tweet update.
  • ADA/USDT is back within consolidation mode, ahead of another potential squeeze to the downside.

Cardano’s native token ADA remains under heavy pressure to the downside. The pick in momentum lower, which came in November, has seen the price fall over 60%. Putting things into larger perspective, the value has dropped around 98%, from highs on January 1st. ADA was trading at $1.40, before tumbling off a cliff, to the lowest print at $0.0275. This current market sell-off may not be done just yet. Despite the unfortunate large bear market, fundamentals continue to remain very much encouraging for the Cardano foundation.

“CARDANO’S FUTURE IS LOOKING VERY BRIGHT!”

The founder of Cardano, Charles Hoskinson, recently took to Twitter to provide another update on what is going on at the foundation. He said, “1.4 is almost out, testnet has been released, rust Cardano is making epic progress, the Haskell rewrite is underway, plutusfest in a few days, Emurgo is growing and the Foundation will soon reawaken from its long slumber. Cardano’s future is looking very bright!” Despite the positive words provided on the upcoming update for Cardano, nothing at this time can stop ADA from falling.

Technical Analysis – ADA/USDT

ADA/USDT monthly chart

ADA/USDT has been falling for five consecutive months, clearly demonstrating the intensity of this current trend. The current drop being observed here is very much uncharted territory, which is likely sparking further panic.

ADA/USDT daily chart

Looking at the daily chart view, ADA/USDT had somewhat stabilized on 25th November from the heavy selling pressure. A small bounce and a form of consolidation was seen with the price’s behavior. The bottom seen on the 25th, around $0.0331, has held right up to the 5th December.

Sellers were very clearly exhausted after that huge November drop. They allowed time to rest, then turned the pressure back on, as seen 5th December. A breakout from the recent bottom came into play. The move was exacerbated to the south, through that initial near-term area of support.

Once again, the price is moving sideways, which is another form of consolidation mode observed. This behavior does still indicate of some vulnerabilities to the downside. When looking at ADA/BTC, the pair portrays there could be another squeeze lower before a solid bounce.

ADA/ BTC monthly chart

In terms of ADA/BTC, the next major area of support via the monthly chart view is not seen until the December 2017 low. This would still mark another 35% drop, before any firm cushion. Further to the downside, the October – November 2017 low area, which would be 70% further south, is the next target.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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