Day: March 6, 2020

OKEx’ Lennix Lai and Philip Glover to Take Part in London Blockchain Week 2020 Panel Discussions

boss

Representatives from the world’s largest cryptocurrency exchange and trading platform, OKEx will be attending the upcoming London Blockchain Week 2020 event to exchange their views on digital assets and mainstream financial instruments. According to the company, the Financial Markets Director Lennix Lai, and the Financial Market Assistant Vice President Philip Glover will be part of the different panels during their attendance at the event. Lennix Lai, who has been a very vocal proponent of the use of cryptocurrency to tackle the issues of “unbankedness” will be part of a panel…

Crypto Community Pushes Back Against Censorship

boss

A petition taking aim at Google for censoring cryptocurrency-related content across its platforms is gaining traction on Twitter. #ForkGoogle’s memorandum accuses Google and its subsidiary YouTube of waging “campaigns of suppression against Bitcoin and blockchain industry for years.” The post seeks to inspire a coming together of blockchain companies and stakeholders to push back against Google’s censorship. Google’s silent war on crypto The memorandum accuses Google of censoring cryptocurrency content through a variety of means — including blocking ad campaigns and removing apps related to crypto from Google Play and…

Ethereum Whales Accumulate in Anticipation of ETH 2.0

boss

Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%. The observation was made by blockchain data analysis firm Santiment, who tweeted that the centralization of ETH among top wallets suggests that whales are accumulating. Santiment argues that the data indicates large investors “have a collective sentiment of the token being undervalued and believe it’s a great mid to long-term hold play.” However, the company cautioned that signs of accumulation do not guarantee parabolic price action in the…

Bitcoin’s Biggest Rival against Coronavirus is Not Gold But a Soup Company

boss

Could anxious investors treat bitcoin as their safe-haven amidst Coronavirus uncertainty? Yes. But that doesn’t make the cryptocurrency the only fish in the big pond of insurance assets. Investors are now looking beyond the traditional narratives of a safe-haven. They are relying on unique assets to protect their capital. That explains why a soup company’s stock has surged more than bitcoin’s price heading into March 2020. US-based Campbell Soup Co is on cloud 9. The NYSE-listed company has delivered 17.69 percent returns on a month-to-date timeframe. That is about 9…

Bitcoin’s Biggest Rival against Coronavirus is Not Gold But a Soup Company

boss

Could anxious investors treat bitcoin as their safe-haven amidst Coronavirus uncertainty? Yes. But that doesn’t make the cryptocurrency the only fish in the big pond of insurance assets. Investors are now looking beyond the traditional narratives of a safe-haven. They are relying on unique assets to protect their capital. That explains why a soup company’s stock has surged more than bitcoin’s price heading into March 2020. US-based Campbell Soup Co is on cloud 9. The NYSE-listed company has delivered 17.69 percent returns on a month-to-date timeframe. That is about 9…

Twitter’s Loss Could Be Bitcoin and Square’s Gain

boss

Jack Dorsey, CEO of Square and Twitter, is in the midst of a battle with Elliot Management after the activist hedge fund secured a four percent stake in the company in a bid to make some changes. Paul Singer, the founder of Elliot Management, believes Dorsey is holding Twitter back in his role as a part-time CEO. Forbes reports that this could be a win for Square and Bitcoin, March 5, 2020. Dorsey’s Time at Twitter May Be Up Twitter and Square have both played important roles in the grassroots movement…

Coinbase CEO Explains How Crypto Will Go from 50 Million to 5 Billion Users

boss

Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base. In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies. While he admitted that it is not clear which blockchain “will help get crypto from ~50M users to 5B,” he predicted: “The chain that manages to ship some of these scalability, privacy, decentralized identity,…

OKCoin’s Chair Takes Over as CEO, Former Chief Executive Moves Sideways

boss

Major United States cryptocurrency exchange OKCoin has announced that its current chairperson, Hong Fang, is taking over as CEO. Fang is a former Goldman Sachs banker, and early investor in OKCoin. She told Cointelegraph she will continue to be chief operating officer for parent company OK Group, in addition to her new duties as OKCoin CEO. Meanwhile the current OKCoin CEO, Tim Byun, is moving to a new role with OK Group as its chief global government relations officer. OKCoin secures licensing and fiat onramps Fang explained that OKCoin has…

Ethereum Co-Founder and Elon Musk Back Jack Dorsey as Twitter CEO

boss

While Twitter CEO Jack Dorsey could potentially be ousted by investors, at least two major figures in the crypto industry have already voiced support for the exec. Vitalik Buterin, co-founder of major cryptocurrency project Ethereum, and Tesla CEO Elon Musk, who is known for his active endorsement to crypto, do not want Dorsey to step down from his position at Twitter. Musk simply stated: “Just want say that I support @Jack as Twitter CEO. He has a good [heart].” Buterin specifically questioned the competence of a new potential CEO that…

Steem Community Stands Its Ground Amid Tron Takeover

boss

The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms announced they were backing off.  Meanwhile, Tron CEO Justin Sun, who has recently acquired Steemit — the startup behind the major blockchain-based blogging and social networking platform — has referred to the disgruntled voters who tried to reclaim control as “hackers” who have been “successfully defeated.” However, as the latest developments show, Sun intends…