February 2020

Dow Futures Nosedive 450 Points as Coronavirus Outbreak Shocks U.S. Markets

February 28, 2020 boss

The Dow Jones is set to open with a 450-point drop as coronavirus fears continue to grow. Historic levels of institutional sell-off led the pullback on February 27. The coronavirus outbreak is expected to peak in May and stock market remains vulnerable. The Dow Jones Industrial Average (DJIA) is set to open with a 450-point drop, after plummeting by more than 1,200 points on February 28. Fears of a local coronavirus epidemic in the U.S. has paralyzed the equities market. Coronavirus fears put Dow Jones in “correction territory” The World…

Japan’s Line Replaces Singapore Crypto Exchange With New US Platform

February 28, 2020 boss

Japanese messaging giant Line has shuttered its Singapore-based crypto exchange and relaunched it as a global, rebranded United States-based platform. On Feb. 27, the team of the exchange — which first launched as BitBox in Singapore back in 2018 — revealed that the new U.S. platform will take the new name BitFront. All changes to take immediate effect BitFront is operated by LVC USA, the U.S. subsidiary of LVC Corporation, Line’s digital asset- and blockchain-focused arm. As of today, users are automatically redirected from BitBox to the BitFront URL, where…

KLM Royal Dutch Airlines Uses R3’s Blockchain for Financial Processes

February 28, 2020 boss

As blockchain technology increasingly gains traction in the airline industry, another major international air company has announced a blockchain project. Flagship global airline KLM Royal Dutch Airlines is applying blockchain technology to facilitate intercompany settlements process with its subsidiaries. Part of one of the world’s biggest airlines, Air France-KLM, Royal Dutch Airlines has partnered with Dutch software startup Unchain.io in order to explore the potential benefits of blockchain technology for its business and internal processes. KLM’s Digital Studio was actively working on blockchain in recent years After close collaboration, Unchain…

Crypto Exchanges OKEx and Bitfinex Suffer Simultaneous DDoS Attacks

February 28, 2020 boss

Cryptocurrency exchanges OKEx and Bitfinex are suffering multiple denial of service attacks. It is unclear as of now if the attacks are connected, though OKEx CEO blamed competitors on his personal Weibo page. OKEx first suffered a distributed denial of service (DDoS) attack on Feb. 27 at approximately 11:30 AM EST. CEO Jay Hao posted on his personal Weibo page as the attack was unfolding, blaming unnamed competitors in the attack. The attack routed as much as 200 gigabytes per second of traffic, which put strain on OKEx systems. At…

Pokemon Remake Finally Hits Netflix and It’s a Terrible, Soulless CGI Mess

February 28, 2020 boss

Pokemon: Mewtwo Strikes Back – Evolution hit Netflix for Pokemon Day. The movie is a CGI remake of Pokemon: The First Movie. It manages to completely screw up everything the original did right. Pokemon: Mewtwo Strikes Back – Evolution is finally out on Netflix for all the world to see, and that’s a dang shame. There’s no beating around the bush, this is a horrible movie. This new take on Pokemon: The First Movie doesn’t have a reason to exist. There’s not a single scene or moment in this film…

Pokemon Remake Finally Hits Netflix and It’s a Terrible, Soulless CGI Mess

February 28, 2020 boss

The Importance of Passive Income in Today’s Economy and How Cryptocurrencies Can Help

February 28, 2020 boss

The current state of the economy has made it hard for people to rely on just the regular source of income to manage their finances. In order to have financial security it is very important to have supplemental income to take care of all the financial obligations and still maintain healthy savings. It may not be practical for everyone to work multiple jobs or make capital heavy investments that can earn a steady source of income in the near future. This is where cryptocurrencies come into the picture by providing…

World’s Largest Human Resources Firm Adopts Smart Contracts Platform

February 28, 2020 boss

Human resources firm Ranstad, which recently became global leader in the sector, has chosen to further automate its workflow using a smart contracts-focused blockchain. The firm’s 40,000 employees will be using an enterprise blockchain solution from New York-based Cypherium, which has struck partnerships with major cloud providers Google Cloud Wing, IBM Cloud, and Amazon Web Services. All of the paperwork-intensive processes involved in HR allocation, Randstad revealed on Feb. 28, will soon be automated using the platform in conjunction with Google Cloud. Automating verification Cypherium has a hybrid design, combining…

US House Committee to Hold Hearing on Blockchain Benefits for Small Businesses

February 28, 2020 boss

The U.S. House of Representatives Committee on Small Business is set to discuss the benefits blockchain technology can bring to entrepreneurs. Slated for March 4 at 16:30 UTC, the “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will explore the ways in which some startups are utilizing blockchain technology to boost productivity and increase security. “Blockchain has many other uses, including tracking goods in global supply chains or enabling peer-to-peer transactions between connected devices,” said committee chairwoman Nydia M. Velazquez in a recent notice. Several…

Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance”

February 28, 2020 boss

The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions. Despite this, analysts remain optimistic. In fact, one top analyst, who has been calling the recent twists and turns of digital asset prices rather well, recently suggested BTC could be on the verge of a “new parabolic advance.” The catch? Bitcoin will need to…