February 16, 2020

Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider

February 16, 2020 boss

Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time. Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different? Daily crypto market performance. Source: Coin360.com $10K Bitcoin in 2019 BTC USD daily chart. Source: TradingView As can be seen in the chart above, Bitcoin crossed over the $10,000 mark on seven occasions in…

Here’s the Key Level Bitcoin Needs to Hold Above to Remain Bullish

February 16, 2020 boss

Last updated:February 19, 2020 Bitcoin has been caught within intense turbulence over the past several day and weeks, with its recent price action being primarily bear-favoring as the cryptocurrency struggles to gain any notable upwards momentum after falling below its key support level at $10,000. In the near-term, despite the overt bearishness of the price action seen over the past couple of days, it is possible that the crypto will soon break back above $10,000. In order for this bullish possibility to be validated, however, it is imperative that BTC…

How Loeffler Became One of Crypto’s Most Influential

February 16, 2020 boss

Since the 2017 mania, every year in the crypto and blockchain space has been increasingly eventful. 2019 was no exception: Along with Facebook’s Libra project and China’s digital yuan endeavors, Intercontinental Exchange’s digital assets platform Bakkt was finally launched. Its CEO, Kelly Loeffler, ensured a smooth start for the exchange, then swiftly left her business to pursue a political career by the end of the year. She now represents the state of Georgia in the United States Senate, and as one of the most influential people affiliated with the crypto…

Why Tesla Is Secretly Thrilled With Trump’s Controversial Budget

February 16, 2020 boss

The Donald Trump administration is seeking to dismantle a program benefiting the EV industry. You might think Tesla, a longtime beneficiary of the program, should cringe at its proposed cancellation. But there’s a surprising reason Elon Musk should secretly cheer Trump’s budget. President Donald Trump’s latest controversial budget proposal seems destined to make America’s electric vehicle industry grate its teeth. Never fond of electric vehicles, Trump aims to nix a program that gives sweetheart loans to auto companies that develop fuel-efficient vehicles. Trump Aims to Kill Pro-EV Program That Benefited…

Why Tesla Is Secretly Thrilled With Trump’s Controversial Budget

February 16, 2020 boss

Resistance Is Nothing New to Pavel Durov

February 16, 2020 boss

2019 was one hell of a year for Pavel Durov. The serial entrepreneur announced and made moves to release the Telegram Open Network, or TON — the blockchain associated with his Telegram messaging app. The idea of TON is to allow users to go beyond simply sending messages and emojis to each other, by using the app’s underlying infrastructure to transact a cryptocurrency called Gram in a completely trustless and secure manner. But the United States Securities and Exchange Commission had other plans for the launch of Telegram’s new blockchain…

Bitcoin Price Falls to $9.6K Amid Bloody Sunday for XRP, ETH, Altcoins

February 16, 2020 boss

Bitcoin (BTC) price has fallen further dropping about $300 in less than one hour on Sunday, Feb. 16, though paring some losses since with a bounce from $9,600 to $9,790 at press time. Crypto market 1-day price chart. Source: Coin360 Bad weekend for Bitcoin price bulls Most other cryptocurrencies fared much worse, however, as evidenced by Bitcoin’s market dominance rising one percent from yesterday to 63.2%. The bad weekend for the bulls began on Saturday after losing the $10,000 level. Today, BTC/USD tumbled further and bounced off a key resistance…

DeFi Begins to Move From a Sub-niche Market to Mainstream Finance

February 16, 2020 boss

In one year, the total value of Ether (ETH) locked in DeFi markets has increased from $317 million to over $1 billion. With the increasing level of activity in the market sector, the next logical progression appears to be focused on making DeFi solutions more mainstream. However, like other decentralized apps, DeFi protocols still have issues with usability among everyday users. Factors such as liquidity and governance could also hold serious implications for introducing DeFi products to the broader financial market. With lending products occupying the greater majority in the…

The Mind Behind the “World Computer”: Ethereum’s Vitalik Buterin

February 16, 2020 boss

Cryptocurrencies and blockchain technology were meant to liberate the oppressed, bank the unbanked and democratize countries with opaque authoritarian governments. Whether or not the crypto sector has actually achieved these goals remains a topic of debate, but it is fair to say that a surprising number of crypto startups, initial coin offerings and blockchain companies have either missed the mark or proven to be outright scams. But Ethereum co-founder Vitalik Buterin has been unassailable in his mission to build the “World Computer.” Since piecing together a revolutionary white paper in…

Meghan Markle Fanatics Shamelessly Hijack Caroline Flack’s Suicide

February 16, 2020 boss

Caroline Flack, the former Love Island presenter, died by suicide at the age of 40. Her death comes on the heels of weeks of media scrutiny over her alleged assault of her boyfriend. Meghan Markle’s obsessive fans have shown no shame in using this tragic situation to vilify anyone who dares criticize Markle. The death of former Love Island presenter Caroline Flack has prompted an outpouring of grief and sadness from fans and colleagues alike. Unfortunately, we’ve seen disciples of Meghan Markle shamelessly hijack the subject for their own ends.…