Day: February 24, 2020

Bitcoin, Ether, and XRP Weekly Market Update February 24, 2020

boss

The total crypto market cap added $0.7 billion to its value for the last seven days and now stands at $283 billion. The top 10 currencies are all in red for the same time frame with Bitcoin Cash (BCH) and XRP (XRP) leading the pack with 7.6 and 7.3 percent of losses respectively. By the time of writing bitcoin (BTC) is trading at $9,691 while ether (ETH) moved up to $265. Ripple’s XRP is trading at $0.272. BTC/USD Bitcoin remained flat around $9,900 on Sunday, February 16 and closed the…

China Has Many Strategic Reasons To Invest in Blockchain

boss

Byrne Hobart, a CoinDesk columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com) covers inflection points in finance and technology.  In October, China’s President Xi Jinping said China should “seize the opportunity” to use the blockchain. To cryptocurrency advocates, this is exciting – and confusing. Why would a deeply centralized country want to use an intrinsically decentralized technology? Why would a country that exercises tight control over its currency want to try a new, un-tested currency system? The paradoxical answer is that Xi Jinping…

New ‘Simpsons’ Episode Features Jim Parsons Giving a Crypto Explainer for the Masses

boss

The latest episode of “The Simpsons” delved into the complex world of cryptocurrencies, managing to break the subject down so just about anyone can understand it. Titled “Frinkcoin,” the show listed on Fox on Feb. 24 features “TV’s most beloved scientist” and “The Big Bang Theory” star Jim Parsons as he appears on-screen to talk about “the really cool subject of distributed consensus-based cryptocurrency.” “For cryptocurrencies to work, we need a record of every transaction that occurs. These are recorded in what’s called a distributed ledger,” Parsons (who’s definitely “not…

New Simpsons Episode Features Jim Parsons Giving a Crypto Explainer for the Masses

boss

The latest episode of The Simpsons has delved into the complex world of cryptocurrencies, and managed to break the subject down so probably anyone can understand it. Titled “Frinkcoin,” the show listed on Fox on Feb. 24 features “TV’s most beloved scientist” and “The Big Bang Theory” star Jim Parsons as he appears on-screen to talk about “the really cool subject of distributed consensus-based cryptocurrency.” “For cryptocurrencies to work, we need a record of every transaction that occurs. These are recorded in what’s called a distributed ledger,” Parsons (who’s definitely…

Janet Jackson’s Billionaire Ex Sues Facebook Over Bogus Crypto Ads

boss

Janet Jackson’s ex-husband, the Qatari billionaire Wissam Al Mana, is suing Facebook after a crypto scam used his image to promote itself in the Middle East without his permission. Al Mana is claiming defamation, malicious falsehood and false advertising by the unnamed cryptocurrency firm, The Times reported on Feb. 23. His defamation action has been filed in Dublin, Facebook’s European headquarters, where the legal framework for such cases is deemed to be more amenable for plaintiffs than the United States. Sue Facebook in Dublin, not Menlo Park Defamation cases, according…

Turkey Taking the Centre Stage in the World of Blockchain in 2020

boss

Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as a key strategic partner to the world’s biggest and  most influential countries due to its positioning between east and west might yet become the central hub for this nascent industry. Some might call it unsurprising, given that inflation hit levels of 25% as of October 2018, shortly after the U.S. sanctions crippled an already struggling Turkish economy failing to recover from the 2016 coup…

How the Ethereum Foundation Got UNICEF to Embrace Blockchain

boss

Donating to the United Nations Children’s Fund (UNICEF) may turn out to be the Ethereum Foundation’s shrewdest move yet.  “We are still discussing the details on what we can do together, but we have decided to continue support for the next couple of years,” said Ethereum Foundation Director Aya Miyaguchi. “I believe a partnership with a group like UNICEF can maximize our impact without shifting our focus from what we still need to do to improve Ethereum as a technology.” The foundation donated roughly $150,000 worth of bitcoin and ether…

Sony’s PS5 Price Reveal is Going to Be an Inflated Disaster

boss

Sony is facing a difficult time pricing the PlayStation 5. The PS5 could fall prey to rising component costs that will inflate the price. The availability of cheaper options could spell disaster for the next console. Sony is all set to refresh its PlayStation console this year and the launch of the next-generation PlayStation 5 (PS5) is a hotly anticipated one. But the price of the PS5 console is a disaster in waiting as there are several indicators that it could be priced at an exorbitant premium compared to the…

In Defense of Justin Sun

boss

Alexander S. Blum is Chief Operating Officer of Two Prime. He has led blockchain projects and startups for more than seven years, including at Atomic Capital, crypto hedge funds, and consulting projects at Fortune 500s, the World Economic Forum and prominent blockchain start-ups.  I recently had the good fortune to attend the 2020 Satoshi Roundtable in Playa Del Carmen, Mexico. While there, I met TRON Founder and CEO, Justin Sun. I also witnessed the social media feeding frenzy that ensued as prominent crypto Twitter influencers posted trolling tweets with him.…

Gripped in Coronavirus Panic, S.Korea Confirms Army Soldier Infections

boss

South Korea reports new cases of coronavirus as four army soldiers are affected. 6,400 soldiers are being diagnosed as a precautionary measure. The government raised alert level to the maximum, but reluctant towards imposing additional travel restrictions. Hours after the government of South Korea raised the alert level for coronavirus to the maximum, the Department of Defense reported the first case of soldiers in the core army being infected within the country. More soldiers suspected to have coronavirus Three of the four army soldiers confirmed to have coronavirus were located…