May 19, 2020

Celo Foundation Launches Mainnet After Raising $40 Million

May 19, 2020 boss

After raising $40 million to fund its blockchain platform, The Celo Foundation announced the launch of Mainnet, the next step of allowing transfers of its Celo Gold tokens. In a Medium blog posted on May 19, Celo said transfers of Celo Gold (cGLD), an ERC-20 token, are now enabled via on-chain governance, meaning exchanges are free to integrate with the platform. The company thanked the “commitment, passion, expertise, and engagement of over 100 independent validators around the world” for making the network possible. Celo raised $30 million in 2019 Cointelegraph…

Why a Top Analyst Thinks Ethereum Is Poised to Rally to $750 in Coming Months

May 19, 2020 boss

Bitcoin may be down 50% from its all-time highs, but Ethereum has posted an even more harrowing performance. From the asset’s 2018 highs, set at the peak of the previous crypto-mania, ETH has fallen by over 85%, trading at $215 today after reaching $1,430. Some have said that Ethereum’s inability to recover is a death blow for the cryptocurrency. Yet a leading analyst is convinced that the asset could triple in the coming months, citing a simple technical formation. Related Reading: The “Golden Era” for Bitcoin Is Coming After Crucial…

Top 3 Reasons Why Bitcoin Could Surpass $10,000 Despite Recent Correction

May 19, 2020 boss

Bitcoin is currently correcting lower from the $9,950-$10,000 resistance zone against the US Dollar. BTC price is likely to bounce back as long as it is above the $9,500 support. Bitcoin is currently showing a few bearish signs, but it is still above key supports such as $9,500. The price is finding a strong buying interest near $9,560 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

Bitcoin Price Above $50K ‘Not Insane at All’

May 19, 2020 boss

Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future. In a video posted to crypto research firm Messari’s YouTube channel on May 18, Demeester said Bitcoin (BTC) was “back in a bull market” following the halving, with a bottom in the $3,000-$4,000s already past — referring to the March crypto bloodbath. The analyst went on to speculate as to how the recent inflationary measures by the Federal Reserve could…

Bitcoin’s Sentiment Score Post-Halving Rises to Highest Since 2017

May 19, 2020 boss

One week after the Bitcoin rewards halving, investors are speaking more positively about the coin than they have at any point over the last 2.5 years according to crypto data company The TIE. Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May 18, saying the 30-day average daily sentiment score — the number of positive reviews in relation to the number of negative reviews — of Bitcoin (BTC) is the highest the company has ever recorded. Bitcoin’s sentiment (30 day average) is the highest that we have recorded…