March 11, 2020

Ethereum Conference Attendees Urged to Test for Coronavirus

March 11, 2020 boss

On March 11, the co-founder of decentralized login service provider TorusLabs, Zhen Yu Yong (Zen), tweeted that he had been diagnosed with coronavirus COVID-2019. Zen urged people who may have been in contact with him during the ETHLondon hackathon held from Feb. 28 until March 1, or the Ethereum Community Conference (ECC) held from March 3 to March 5 in Paris, to take “extra precautions and/or get tested.” ECC exempt from French ban on large indoor gatherings The coronavirus threat has impacted several major cryptocurrency conferences in recent weeks, with…

Peter Schiff Oblivious as Bitcoin Retakes Gold as ‘Safe Haven’ Ytd

March 11, 2020 boss

Bitcoin (BTC) price took a bullish turn on March 10 as the digital asset surged to $8,150 before encountering resistance, which saw the price temporarily pullback to $7,730. The S&P 500 and Dow followed a similar trajectory by surging at the opening bell before pulling back sharply in the afternoon trading hours. “Unfortunately, a downward trend for now” Both indexes rallied into the close, possibly on the release of additional details about U.S. President Donald Trump’s proposal to shore up the US economy by extending relief funds to key industries,…

Synthetix Exchange May Soon Offer Derivatives Trading on Ethereum

March 11, 2020 boss

Ethereum-based synthetic asset issuance platform Synthetix is adding new features, which includes derivatives trading. In a March 10 blog post, Synthetix announced plans for trading in binary options in the third quarter of this year. Binary options are a type of derivative financial product where the buyer either receives a payout or loses their investment. “Synthetic binary options will likely generate significant trading volume as they will be able to leverage the liquidity of the debt pool, allowing a trader to take a large position almost immediately without needing to…

Why Are ‘Bitcoin Group’ and ‘Bitcoin Revolution’ Such Popular Searches on Google?

March 11, 2020 boss

Google searches can reveal a lot about the perception of the masses when it comes to bitcoin. This post examines two popular Google search terms in recent months and years, and seeks to explain why these terms continue to pop up, what knowledge can be gleaned by looking into them, and the effects of “Google hype” on mainstream perception when it comes to bitcoin. Also read: The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count Google Trends in the Bitcoin World An examination of trends in Google searches…

Why Are ‘Bitcoin Group’ and ‘Bitcoin Revolution’ Such Popular Searches on Google?

March 11, 2020 boss

Do or Die For Bitcoin Bulls: Here’s What Could Trigger Short Term Rebound

March 11, 2020 boss

Bitcoin is facing a crucial resistance near $8,200 against the US Dollar (as discussed yesterday). BTC price could trade in a range for a few sessions before the next move. Bitcoin is trading in a bearish zone below the $8,200 resistance area against the US Dollar. The bulls are putting up a fight to defend the $7,800 and $7,700 support levels. There is a key contracting triangle forming with resistance near $7,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could make another attempt…

Ripple (XRP) Just Rejected Key Resistance And Its Exposed To Fresh Decline

March 11, 2020 boss

Ripple is struggling to clear the key $0.2150 resistance area against the US Dollar. XRP price is showing a few bearish signs and it could resume its decline below $0.2110. Ripple price is likely to start a fresh decline below $0.2100 against the US dollar. The price is facing a lot of hurdles near the $0.2140 and $0.2150 levels. There is a short term ascending channel forming with support near $0.2115 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might start a strong increase…

Iota Network Relaunched Following Trinity Wallet Theft

March 11, 2020 boss

After almost a month following a massive hack, the Iota Foundation has brought their network back online. The Iota network was relaunched on Tuesday following the Feb. 12 attack on the platform’s Trinity Wallet software. Although the network was shut down that same day to prevent further security breaches, 8.55 million MIOTA — approximately $2 million — was stolen from 50 users of the digital asset wallet. In a March 10 blog post, the IOTA Foundation announced the Coordinator — the centralized node curating all transactions — was back online…

Ethereum Recovery Won’t Be Easy Above $212 As Bulls Fail To Fight Back

March 11, 2020 boss

Ethereum is currently consolidating losses above the $190 zone against the US Dollar. ETH price is facing many hurdles on the upside such as $208, $212, and the 100 hourly SMA. Ethereum is not showing any major bullish signs above the $200 level against the US Dollar. The price is likely to struggle near the key $208 and $212 resistance levels. There is a short term contracting triangle forming with resistance near $205 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price attempted a recovery above $8,000,…

Blockforce Capital’s Crypto Fund Captures 86% of Bitcoin’s Upside in 2020

March 11, 2020 boss

In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return in bitcoin, the company announced in a note to accredited investors. Blockforce is a seasoned ETF issuer which specializes in alternative investment vehicles for investors. In February of last year the company infamously filed the first proposal for an exchange-traded fund made up of a mix of currencies including bitcoin only to pull the fund at the U.S. Securities and Exchange Commission’s request the next day. Currently,…