May 22, 2020

RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin Into Ethereum

May 22, 2020 boss

The latest implementation of bitcoin (BTC) on the Ethereum blockchain quietly went live this week. There are 1.24 renBTC live on the Ethereum mainnet now, according to Etherscan. Three sources with knowledge of the project have confirmed this is the Ren smart contract, live ahead of its launch announcement. However, there’s no way yet for members of the public to mint additional bitcoin-on-ethereum using Ren, the CEO of the company behind the project told CoinDesk in an email. “While the smart contracts have been deployed on Ethereum, RenVM itself is…

Iran’s President Asks Gov’t to Plan National Crypto Mining Strategy

May 22, 2020 boss

Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy. As reported by the Iranian news website ArzDigital on May 22, officials were briefed during the 137th session of Iran’s economic coordination headquarters earlier this week, chaired by President Hassan Rouhani. The development comes shortly after the Iranian government announced a redenomination policy for the country’s fiat currency, the rial, in a bid to tackle crippling chronic inflation. Digital currencies closely watched by the Iranian…

Netflix Doesn’t Care – Cancelling Your Inactive Account is a Masterstroke

May 22, 2020 boss

Netflix is voluntarily removing inactive subscriptions from the platform starting this week. Accounts that have not used Netflix for over a year account for less than 0.5% of the userbase. Netflix earns praise as a “thoughtful” company and positive press ahead of its July earnings report. In the first quarter of 2020, Netflix nearly doubled Wall Street’s projections of new subscriber count. Now, the $191 billion media giant is so confident it is helping users to cancel their subscriptions. Starting this week, Netflix will ask all inactive users who have…

Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

May 22, 2020 boss

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for the first three months this year with a growth of 44.6% compared to the same period last year. But it also incurred R&D and sales expenses worth $5.9 million and $0.6 million, respectively – both larger…

2020 Stream #5

May 22, 2020 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome to crypto charts, a channel focused on technical analysis, and the bigger picture of the cryptocurrency market. We know this market is only going to grow, and eventually reach several trillions of dollars in evaluation, short term fluctuations do not bother us here. Bears are way too short sighted. Xd. Subscribe, and hit the bell! If you want an honest opinion based on indicators about the chart trends, and outlook. Discord Server: Also follow on Twitter to stay up to date:…

Colombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’

May 22, 2020 boss

The token economy just gained an organized structure for collaborating with world leaders. The World Economic Forum revealed its Presidio Principles on Friday, a “blockchain bill of rights,” according to the nonprofit focused on fostering diplomacy and international business partnerships. The document includes signatories from the Government of Colombia, Deloitte Consulting LLP, ConsenSys, Electronic Coin Company, CoinShares and the United Nations’ World Food Program, just to name a few. “We supported the creation of the Presidio Principles – as well as guidelines and design principles for public institutions – because…

Bitcoin Falls 9% Right After Forming Golden Cross; Fractal Similar to Pre-March Crash

May 22, 2020 boss

Bitcoin formed a super bullish Golden Cross on May 20, 2020. Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move. Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash. On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, long-term bullish indicator for classic trend followers. The pattern surfaced as Bitcoin’s 50-day moving average crossed above its 200-day moving average, marking the first of such formations since February 18 and seventh in the cryptocurrency’s lifetime. Moving averages paint an…

3 Reasons Why Oxford’s Record-Breaking COVID-19 Vaccine is a Risky Bet

May 22, 2020 boss

AstraZeneca has announced that it will be distributing 400 million doses of Oxford University’s coronavirus vaccine from September. However, there are at least three reasons to suspect that the coronavirus vaccine may not work. No coronavirus vaccine has ever been produced, immunity may be short-lived, and it may actually take anything from five to ten years for a vaccine to be completely ready. The world is excited about the University of Oxford’s coronavirus vaccine. Yesterday, British pharmaceutical AstraZeneca announced a deal to secure 400 million doses of the vaccine from…