May 2, 2020

Bitcoin Is Superior to Gold

May 2, 2020 boss

A report published by leading U.S.-based crypto exchange, Coinbase, has argued that Bitcoin (BTC) offers a distinct advantage over gold. They state that Bitcoin is afforded these advantages by its lack of dependence on physical supply chains. While the report’s authors assert that “Bitcoin and gold are fundamentally similar as scarce and globally accessible units of value,” Coinbase advances that gold’s recent supply squeeze, resulting from the impacts of the coronavirus pandemic, has highlighted Bitcoin’s superior global accessibility. Bitcoin offers advantages over gold In a report published on May 2,…

OmiseGO’s Parent Company Changes Name to SYNQA

May 2, 2020 boss

Asian fintech company Omise Holdings, now goes by the name SYNQA. “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said. OmiseGo conducted its ICO in 2017 Omise, under Omise Holdings, garnered significant funds for its OmiseGo payment solution during the great crypto boom several years back. The company’s ICO ran during the summer of 2017, raising roughly $25 million from selling Ethereum-based…

OmiseGO’s Parent Company Changes Name to SYNQA

May 2, 2020 boss

Bearish TD9 Sell Signal Hints at Correction After 40% Bitcoin Price Rally

May 2, 2020 boss

The Bitcoin (BTC) price rose to as high as $9,065 on May 1, after peaking at $9,481 the previous day. The 35% increase in the price of BTC within nine days led a highly accurate sell signal called the TD9 to spark. TD9, a sell sign that is a part of the TD9 Sequential system, is triggered when the price of an asset increases nine days in a row above its price four days prior to the nine-day run. As an example, on the daily timeframe the Bitcoin price closed…

Binance Pooling Up Mining Game Amid Centralization Concerns

May 2, 2020 boss

This week marked the launch of Binance Pool, a mining platform powered by one of the world’s largest cryptocurrency exchanges. Coming less than a month after Binance’s CEO Changpeng Zhao confirmed rumors of this forthcoming addition to his brainchild company’s product family, the announcement paints the new mining pool as the bridge between “traditional mining and financial services.” The lowest fees in the market and seamless integration with a full suite of Binance’s financial products are the major selling points meant to lure miners. The news reinvigorated the debate about…

Latin American Markets Post Record P2P Volume in April

May 2, 2020 boss

Amid declining global volume, Localbitcoins.com continues to comprise a hub for Latin American peer-to-peer (P2P) trade — with Argentina, Chile, and Venezuela posting record volume over recent weeks according to Coin.dance. This past week saw Localbitcoins trade between Bitcoin (BTC) and the Mexican peso spike by 71%. As such, the week of April 25 saw roughly $430,000 worth of BTC change hands in Mexico — comprising the fourth-strongest weekly trade activity on record. Latin markets post record volumes during April Argentinian P2P trade rallied to post a new record of…