May 9, 2020

BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin

May 9, 2020 boss

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, says that Jones has just removed career risk from investing in cryptos like Bitcoin. “Expect a lot of beta fund managers to begin cooking some copypasta,” Hayes tweeted May 7. Jones paves the way for…

South Korea to Develop an Identity Platform on the Blockchain for Autonomous Vehicles

May 9, 2020 boss

The government of South Korea’s planned city Sejong — which is the country’s testing ground for major smart city solutions — announced Friday that it will be establishing a blockchain-based platform for storing and verifying the digital identities of self-driving vehicles. An Asian news outlet, Aju Business Daily, reported that South Korea’s Ministry of Science and ICT along with the country’s internet technology watchdog, Korea Internet & Security Agency, will be leading the development of the identity management and verification platform. According to a Sejong city official, the blockchain-based technology…

Ethereum Poised to Revisit Multi-Month Highs as Technical Strength Builds

May 9, 2020 boss

Ethereum has been significantly underperforming Bitcoin in recent times. While the benchmark cryptocurrency is currently hovering around its multi-month highs, ETH is still trading significantly below where it was just over a week ago. This weakness against BTC is showing some tempered signs of degrading, however, as buyers were able to firmly defend the crypto’s key support that exists around $198. Analysts are now noting that Ethereum could be well-positioned to rally back up to its recent highs of over $230 as its technical strength grows. Ethereum Inches Higher, But…

Blockchain Jobs Are the Highest Paying Tech Roles in the UK

May 9, 2020 boss

Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK. According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD). They also showed that the industry provides 544 permanent jobs throughout the country. The study highlights that disruptive technology is becoming an emerging force that is adhering to all industries, from virtual reality to 3D printing. United States still leads across the world The report highlights that the United States…

There’s a $30 Million Bitcoin Sell Wall That May Halt Any Rally Past $10k

May 9, 2020 boss

The price action over the past few days has undoubtedly been positive for Bitcoin. After building momentum for weeks, the cryptocurrency finally burst past $10,000 this week, hitting a $10,100 high. Since this initial breach, BTC has slowed. The cryptocurrency has traded within a percentage point of $10,000 for the last 12 hours, barely deviating as bulls and bears clash. Some say this consolidation is indicative of an impending breach to the upside, yet there’s a rapidly growing sell wall above $10,000. This would indicate that Bitcoin moving higher from here…

There’s a $30 Million Bitcoin Sell Wall That May Halt Any Rally Past $10k

May 9, 2020 boss