May 17, 2020

IPFS: The Decentralization of the Web and the Future of Blockchain

May 17, 2020 boss

It was in 1980, when at CERN, as a consultant in the field of software engineering, Tim Berners-Lee realized, for internal use, to facilitate the dissemination of information between the different centers of CERN, the first software to store information using random associations. This prototype, never published, will form the conceptual basis for the future development of the World Wide Web. It will be necessary to wait until 1989 for Tim Berners-Lee to propose a global project on the hypertext, then known as the World Wide Web. Tim Berners-Lee laid the cornerstone of the…

Ethereum Lacks Momentum Above $200 But An Upsurge Seems Imminent

May 17, 2020 boss

Ethereum is trading above the $192 and $195 support levels against the US Dollar. ETH price could start a strong surge if there is a clear break above the $205 resistance. ETH price is trading just below a crucial resistance near the $205 level against the US Dollar. It is now trading above $192 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $202 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a significant rally…

Critical Mining Hardware Manufacturer To Launch Second US Factory

May 17, 2020 boss

The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona. The move comes after TSMC suffered significant disruptions across its supply chain amid the coronavirus outbreak in China. With Bitmain relying on TSMC for its next-generation chips and wafers, disruptions to TSMC specifically have been cited among the reasons for delays in shipping for its new Antminer S19 ASICs. TSMC to open Arizona factory The factory’s construction is slated to commence next year, with TSMC…

German Bank Partners With Singapore Fintech Consortium on Blockchain

May 17, 2020 boss

Ten31, the FinTech arm of Germany’s WEG Bank, has partnered with Singaporean technology incubator, Anquan Capital. While the entities have yet to detail the specific projects they’ll work together on, a press release announced that the partnership will involve exploring blockchain applications within the context of banking and financial services. Anquan Capital has launched a number of distributed ledger technology, or DLT, firms, including Zilliqa and Anqlave. Ten31 chief executive, Matthias von Hauff, stated: “With Anquan as a shareholder, we have added yet another ideal partner to our network. Not…

Bitcoin Price Holds Strong Above $9,200: A Strengthening Case for Upside

May 17, 2020 boss

Bitcoin is trading nicely above the $9,200 and $9,000 support levels against the US Dollar. BTC is rising and it could gain bullish momentum if there is a clear break above $9,550. Bitcoin is trading in a positive zone above the $9,400 and $9,200 support levels. An immediate hurdle is near the $9,550 zone, above which it could revisit $10,000. There is a key bullish trend line forming with support near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above…

Basket Currency Could Be the Answer to Hyperinflation, Says Founder of Saga

May 17, 2020 boss

Ido Sadeh Man, founder of the global stabilized digital currency, Saga, spoke with Cointelegraph in an interview on May 15. During the interview, he said that a digital currency backed by a basket of strong fiat currencies, along with Bitcoin, could be the answer to the world economy’s current financial turmoil. Money printing isn’t sustainable Ido believes that the hyperinflation being induced by central banks will lead to problems down the road. He said: “It is a solution that will bring very undesirable results In the long run.” However, according…