April 28, 2020

Data Shows Bitcoin Whales Have No Intent of Selling at Current Prices

April 28, 2020 boss

A large Bitcoin (BTC) whale holding 68,000 BTC ($523 million), has not moved the funds for more than five years and on-chain data shows other whales have similarly held onto their BTC for 4.7 years on average. Although Bitcoin is the top ranked cryptocurrency on CoinMarketCap, whales holding on to the digital asset without selling for years does not protect BTC from a steep downtrend. On March 12, the price dropped to as low as $3,600 and many whales did not move their funds at the time. What the data…

Bitcoin TRUMP Pump?! April 2020 Price Prediction & News Analysis

April 28, 2020 boss

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1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining

April 28, 2020 boss

The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank called the operation “wasteful” and discouraged the business. On April 20, the city of Ya’an in the Sichuan province of China has published a document that encourages bitcoin mining and blockchain operations to use the…

1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining

April 28, 2020 boss

11 Lawmakers Urge US Treasury to Consider Blockchain for COVID-19 Relief

April 28, 2020 boss

Eleven members of Congress are calling on the U.S. Treasury Department to look at new technologies, including blockchain and distributed ledger technology (DLT), to help streamline how cash and supplies are distributed under a federal law trying to boost the economy during the COVID-19 crisis. A letter addressed to Treasury Secretary Steven Mnuchin points to blockchain and DLT as secure “new mechanisms” for moving money quickly and transparently, which could in turn boost liquidity in distributing funds via the federal CARES Act. U.S. Congressman Darren Soto (D-Fla.) spearheaded the letter,…

Tezos Signals Another 50% Upswing Despite the Recent Massive Run-Up

April 28, 2020 boss

Tezos’ founders, Arthur and Kathleen Breitman, have been in the center of controversy after hinting that they could be stepping away from the project. Arthur’s recent exclusion from the Tezos Technical Advisory Committee and Kathleen’s disinterest in running her upcoming blockchain-game on top of this protocol set off the alerts among XTZ’s supporters. While emotions are still running high within the Tezos community, this cryptocurrency was able to shrug off the so-called “FUD” and recover all the losses incurred during Black Thursday. In fact, XTZ surged by nearly 187% and…

Blockchain to Increase Royalty Streams to Artists in the Digital Music Industry

April 28, 2020 boss

The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph. According to OPUS’ study, given the novelty of introducing blockchain to the digital music streaming services market, they see great potential growth. The blockchain-based platform says that artists may be attracted to decentralized platforms because of the potential for relatively higher earnings, compared to conventional platforms. OPUS believes that a shift to tokenized…

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April 28, 2020 boss

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Crypto Fund Manager Sued Over Alleged Fraud and Deception

April 28, 2020 boss

Internet tech support and consulting player KDH Consulting Group recently filed an official complaint against crypto investment management firm Iterative Capital Management for alleged fraud and misdirection. Accusations include “fraud and breach of fiduciary duties, among other things,” the April 27 filling stated. Iterative Capital allegedly lied Iterative Capital allegedly falsely boasted of previous crypto investment and trading success and liquidity related to a “hedge fund-like” account, which they urged KDH to join. Instead of using the capital as stated, for crypto investment and trading profit, the filing accuses Iterative Capital…

CipherTrace Launches A New Product to Help Banks Eliminate “Blind Spots”

April 28, 2020 boss

April 28, CipherTrace launches Armada, a product designed to eliminate risky cryptocurrency blind spots for banks and financial institutions. Unlike other products by CipherTrace and many similar products by its competitors, Armada focuses on the off-chain data instead of on-chain data. It can work in tandem with banks’ existing monitoring tools: “To identify transactions with virtual asset service providers (VASPs), including those with weak KYC or operating as unregistered money service businesses (MSBs).” The press release further says that with the release of Armada, CipherTrace aims to provide: “Critical visibility…