March 28, 2020

Venezuela’s Struggling Internet Could Make Crypto Trading Tough

March 28, 2020 boss

The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way to pass the time. This mass movement has put significant stress on available data usage capacities in Venezuela, Movistar told Bloomberg for its March 27 article. A daughter company of Telefonica SA, Movistar is the nation’s main telecom provider. Global precautions cause global strain In an effort to prevent the…

Former NASDAQ Lawyer Warns TON Against Going Rogue

March 28, 2020 boss

Former NASDAQ vice president and assistant general counsel warned the TON Community against launching Telegram’s blockchain network until the 2nd U.S. Circuit Court of Appeals has its say. Safe Harbor is not on SEC’s agenda Manny Alicandro, a New York City lawyer with vast experience in traditional finance as well as in cases involving crypto assets, shared his concerns about the drastic plan put forward by the TON Community with Cointelegraph. He noted that in the foreseeable future, all issuers have to respect the Howey test. This may only change:…

‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu

March 28, 2020 boss

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. The Internet May Be Next Victim of Coronavirus Pandemic – Netflix, Google, Apple and Amazon React With an estimated billion people staying home, remote working or just watching shows online all day, telecom infrastructure is coming…

‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu

March 28, 2020 boss

Bitcoin Price Rejects $6.9K, But Is a Correction Now Imminent?

March 28, 2020 boss

The price of Bitcoin (BTC) has shown a strong surge in the past weeks, as the price rallied from $3,750 to $6,900. However, the crucial $6,900 level wasn’t broken to the upside and confirmed as resistance. A similar move occurred on the equity markets, as the United States’ equity markets surged 25% in one week, but saw a sharp selloff of 4% in the last trading hour, going into the weekend. These movements lead to the general question: is there more blood to come for Bitcoin and crypto? Crypto market…

Bitcoin Wallets Holding at Least 1 BTC Set to Hit 800K All-Time Highs

March 28, 2020 boss

Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs. Are “Wholecoiners” multiplying? The figures from monitoring resource Glassnode claim that 797,420 wallets now have a balance equal to or more than a whole Bitcoin. The number has increased by 101 wallets in the past 24 hours. Individuals may have access to more…

Why Crypto Traders and Miners Might Head to Portugal

March 28, 2020 boss

Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country has developed its own unique approach. Data and transparency seem to be some of the best tools on the road to regulatory certainty and institutional demand. While some countries like the United States and the United Kingdom are taking advantage of this to build a better tax…

World Health Organization Launches Blockchain Platform to Fight COVID-19

March 28, 2020 boss

The World Health Organization (WHO) has partnered on March 28 with major blockchain and tech companies to launch a distributed ledger technology (DLT)-based platform for sharing data concerning the coronavirus pandemic. The platform, MiPasa, is built on top of Hyperledger Fabric and seeks to enable “early detection of COVID-19 carriers and infection hotspots. MiPasa has been launched in partnership with technology company IBM, computer firm Oracle, enterprise blockchain platform Hacera and IT corporation Microsoft. WHO launches blockchain-based platform to fight COVID-19 The platform purports to facilitate “fully private information sharing…

How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities

March 28, 2020 boss

On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors rushed to the safety of cash, and no cryptocurrency was immune from the mass sell-off. The total market capitalization of the cryptocurrency sector plummeted by over 25% in a span of hours. Bitcoin (BTC), despite its reputation as a safe haven, fell by 48% in a span of 24 hours. Ether’s…

Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

March 28, 2020 boss

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm of IDG-backed crypto exchange, KuCoin, is planning to roll out USDT-margined Bitcoin perpetual contracts on March 30, 2020, the firm officially announced on March 27. KuMEX currently supports only Bitcoin and USDT While the new type of futures contract will be launched next week, KuMEX users are already able to deposit USDT via the web or public API starting from…