May 15, 2020

Why Privacy Is the Main Issue in the Time of the COVID-19 Pandemic

May 15, 2020 boss

Before the COVID-19 pandemic, privacy was already at a premium. Now, we’re facing a further dive into the uncharted territory of pervasive privacy intrusions. Targeted advertising tools in your web browser already track your favorite websites, purchases and habits, and browser privacy is a foregone relic. That data is then centralized under the auspices of a big technology firm’s servers and sold to the highest bidder or leveraged to glean a competitive edge. Governments maintain wide-ranging surveillance on internet communications, and financial privacy is virtually nonexistent for any bank-related activities…

CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto

May 15, 2020 boss

Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me anything” session hosted on Zoom for key members of the African cryptocurrency community, which Cointelegraph participated in. Binance, which has established itself as the world’s largest cryptocurrency exchange by trade volume, has slowly been opening up satellite trading platforms in a number of African countries. Uganda was the first country to welcome…

South Korea’s Fintech Sandbox Creates 380 New Blockchain Jobs

May 15, 2020 boss

South Korea’s regulatory sandbox has helped create almost 380 blockchain and other fintech jobs and generated around $110 million in investments. According to Shina Ilbo, the sandbox is overseen by the government’s financial regulator, the Financial Services Commission, or FSC. It temporarily exempts companies from various regulations regarding financial services to aid with innovation and growth. The report said that 16 companies have been recognized for their growth potential, and attracted more than 136.4 billion won ($110 million) in new investments. Some of the companies participating in the government-sponsored program…

Pantera Capital’s Crypto Hedge Funds Are Losing Double Digits, But Its Bitcoin Fund Is Up 10,000% to Date

May 15, 2020 boss

Heavy losses are rocking alternative crypto-asset funds at Pantera Capital, one of the oldest cryptocurrency investment managers, and providing stark contrast to its bitcoin fund’s gains. Pantera Capital’s flagship bitcoin fund – a fund holding bitcoin (BTC) since 2013 and bitcoin cash (BCH) since 2017 – lost 75.6% in 2018 and gained 87.7% in 2019, according to internal materials seen by CoinDesk. The last two years dragged the bitcoin fund’s historical returns to 10,162%, down 54% from 2017’s peak of 22,321% but still exceeding all-time returns at elite funds hundreds…

Bitcoin Dip-Buyers Are Now Watching This Level After Another 5% Drop

May 15, 2020 boss

At 2 A.M. (UTC) time Bitcoin (BTC) price abruptly dropped 5.11% to $9,256 before recovering to trade in the $9,500 range. This followed a previous sudden drop on Thursday after BTC briefly touched $10K to fill the CME futures gap. Crypto market weekly price chart. Source: Coin360 Data from CoinMarketCap shows that earlier in the day the price surged to $9,939 and the following consolidation of higher lows and lower highs convinced some traders that further continuation to $10K and above was in the works. BTC USDT 1-hour chart. Source:…

Ripple (XRP) Just Signaled “Sell” And It’s Vulnerable To A Drop Below $0.20

May 15, 2020 boss

Ripple failed to stay above the $0.2050 resistance and declined recently against the US Dollar. XRP is showing bearish signs and it could decline further below $0.1980 and $0.1960. Ripple traded as high as $0.2066 and recently started a fresh decline against the US dollar. The price is showing many bearish signs below the $0.2050 and $0.2020 levels. There was a break below a key ascending channel with support near $0.2015 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue lower…