Day: April 13, 2020

Could Goldman Sachs’ Cheery S&P 500 Projections Boost Bitcoin Higher?

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Since the lows that were in March, both Bitcoin and stocks across the world have mounted an objectively impressive comeback. The cryptocurrency managed to gain 100% from its $3,700 bottom last week, and stocks saw a rapid rally of 25% — with a portion of this rally being the most aggressive since 1974. Traders and investors all across the board are seemingly pricing in the sentiment that the economic impact of the coronavirus outbreak and the subsequent lockdown isn’t as bad as some suggest it has, and thus are bidding…

Could Goldman Sachs’ Cheery S&P 500 Projections Boost Bitcoin Higher?

boss

Since the lows that were in March, both Bitcoin and stocks across the world have mounted an objectively impressive comeback. The cryptocurrency managed to gain 100% from its $3,700 bottom last week, and stocks saw a rapid rally of 25% — with a portion of this rally being the most aggressive since 1974. Traders and investors all across the board are seemingly pricing in the sentiment that the economic impact of the coronavirus outbreak and the subsequent lockdown isn’t as bad as some suggest it has, and thus are bidding…

Craig Wright Abandons Libel Suit Against Adam Back, Pays All Legal Fees

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Crag Wright, the self-proclaimed Satoshi Nakamoto and chief scientist at NChain, has dropped a libel lawsuit against Adam Back over the Blockstream chief executive’s assertion that Wright was fraudulent in claiming to be the creator of Bitcoin (BTC). Wright filed the complaint alongside similar suits targeting Ethereum cofounder Vitalik Buterin, Bitcoin.com founder Roger Ver, podcaster Peter McCormack, and Twitter user ‘Hodlnaut’ one year ago. Craig Wright drops libel suit against Blockstream CEO On April 12, Adam Back tweeted that Craig Wright had abandoned his libel suit. Back stated that Wright’s…

Looking Into the History of Stablecoins to Understand the Future of Money

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Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a new financial ecosystem.  The underlying technology, blockchain, can indeed be considered one of the most significant technological advancements of the 21st century, as it provided the groundwork to establish a new kind of money: digital currency. However, after a few years of overhyped crypto market mayhem, countless fraudulent projects and questionable vectors of development, it became evident: global acceptance could not be…

Justin Sun Accused of Bribing His Way to the Top of the Steem Hierarchy

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Major Steem stakeholder Dan Hensley has levied heavy accusations at TRON founder and CEO Justin Sun. According to Hensley’s April 8 writeup, Sun “bribed” his way to the top of the Steem hierarchy with “money, power and users.” As Cointelegraph reported in early March, Steem was the subject of what many supporters deemed a hostile takeover by Justin Sun. Hensley’s latest allegations shed new light on how the TRON founder allegedly influenced prominent Steemians into doing his bidding. A TRON representative declined to comment on this story.  In a conversation…

Celsius Lowers Loan Minimum and Introduces Gold on Gold Interest

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The Celsius Network is lowering its minimum loan request to $1,000 and will introduce interest paid out in gold. Celsius founder and CEO Alex Mashinsky told Cointegraph that they had previously lowered the minimum to $1,500 from $3,000, and now they decided to lower it again to $1,000 to “let users borrow smaller amounts without having to sell their crypto”. However, borrowers still need to post the collateral that is twice the loan amount. Discussing the difference between Celsius’ business model and the traditional banking world, Mashinsky observed: “We do…

#KCN: Binance is entering the South Korean market

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Binance Cryptocurrency Exchange enters the South Korean market. According to a statement on its blog, Binance KR is a crypto-to-crypto exchange for Korean … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Litecoin Foundation Produces Johnny Knoxville Horror Flick

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The Litecoin Foundation acted as an executive producer for the heavy metal horror flick “We Summon the Darkness.” The film was produced by the Los Angeles-based film production company and Litecoin advocates Common Enemy and was released digitally on April 10. Litecoin Foundation among executive producers for comedy-horror film On April 13, the Litecoin Foundation shared the trailer for a satanic heavy metal-themed comedic horror movie for which it acted as executive producer. The foundation’s logo can be seen in the trailer’s opening credits. We Summon the Darkness stars Alexandra…

Tezos Southeast Asia Signs Deal to Test Blockchain in Accounting Industry

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Tezos Southeast Asia — a non-profit organization is dedicated to promoting the adoption of the Tezos blockchain in the region — has inked a deal with the Association of Chartered Certified Accountants on April 13. According to a press release, the partnership between the ACCA and TSA will explore the applications of the Tezos blockchain in the accounting industry. The ACCA is a major global accounting organization that provides certifications and training for accountants.  A give and take relationship The ACCA will help TSA by sharing their knowledge of accounting…