May 24, 2020

Reddit’s Co-Founder Believes We Are In ‘Crypto Spring’

May 24, 2020 boss

Reddit co-founder Alexis Ohanian has described the virtual currency ecosystem firmly sitting in “crypto spring,” emphasizing the strength of development surrounding meaningful applications for blockchain technology. In an interview with Yahoo Finance published May 23, Ohanian stated: “We really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain.” “We’re seeing really top-tier talent building on this infrastructure […] and that to me is the most interesting part” he added. Crypto is here to stay Ohanian revealed…

Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

May 24, 2020 boss

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions. People will also be penalized for buying crypto with cash or transferring to accounts opened with Russian banks. If signed into law, the bills will punish companies that issue or…

Ethereum Breached Crucial Resistance, Setting the Stage for a 15-20% Rally: Analyst

May 24, 2020 boss

It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%. But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over the past nine days. Chart from TradingView.com of ETHBTC’s price action over the past few weeks. The trading pair is up 10% in the past nine days or so. Analysts say this is a precursor…

Stablecoin Race to Begin When Wall St Embraces DeFi

May 24, 2020 boss

Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo. However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto industry currently does not offer a killer app that is driving adoption from outside of the virtual currency community. Inter-stablecoin competition hasn’t even began In an interview with The Defiant, Tyler Winklevoss predicted that the real race between stablecoins…

Meghan Markle Or Kate Middleton? Australians Say ‘Neither’

May 24, 2020 boss

The British royal family is famous all over the world. But who’s the most popular member of “The Firm”? If you ask Australians, their answer is “no one” — and they think our “Meghan vs. Kate” discussions are silly. The British royal family is popular everywhere in the world. Meghan Markle and Kate Middleton are subject to constant analysis and criticism. Every day, their shenanigans make headlines. Whether they’re real or imagined, “The Firm’s” antics keep people reading. Australians could care less. | Source: Twitter But if you ask Australians…