May 26, 2020

Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

May 26, 2020 boss

CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase. The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator of cryptocurrency exchange BitMEX. In an announcement from CoinDCX on May 25, the exchange said it would be using the funds to encourage mass adoption of cryptocurrency in India through its “TryCrypto” campaign. CoinDCX stated…

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

May 26, 2020 boss

As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment bank Goldman Sachs is hosting a call for clients on May 27 entitled “US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin.” Goldman Sachs’ Investment Strategy Group, part of the firm’s…

Alinity Is Back in the Hot Seat After a Controversial Old Clip Goes Viral

May 26, 2020 boss

Twitch streamer Alinity finds herself in hot water after an old clip goes viral. Twitter users posted controversial comments the streamer made in 2018, discussing cheating in relationships. Alinity responded to the video, saying that it was her way of “projecting my insecurities.” Twitch streamer Alinity found herself the target of abuse and vitriol after an old clip from one of her streamers went viral. In 2018 video, reposted on May 20 by a Twitter user named JordanPooleWrld, Alinity said that when men are in relationships but are attracted to…

Dow Futures Signal Big Rally Post-Memorial Day as Economy Shows Signs of Life

May 26, 2020 boss

The Dow Jones Industrial Average rallied nearly 300 points in futures trading Monday night. Although the economy has likely plunged into recession, key indicators such as mortgage applications and travel bookings are up slightly. The Atlanta Fed’s GDP tracker estimates a second-quarter contraction of 41.9%. U.S. stock futures rose sharply Monday evening, as investors rallied behind early signs that the worst of the economic crisis had passed. Dow, S&P 500, Nasdaq Futures Climb Futures on all three major U.S. indexes broke to the upside Monday evening. Dow Jones futures rose…

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

May 26, 2020 boss

Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March. The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise. The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on…

Trump & Kevin Hassett Put Money Over Humanity – Just Like Most of Us

May 26, 2020 boss

#HumanCapitalStock was trending on Twitter today after Kevin Hassett’s comments. Twitter users were up in arms over the fact that politicians are valuing the economy over human life. They ignore the fact that American consumers have been doing it for years. White House adviser Kevin Hassett is in the news today for placing the economy over humanity. It’s a disturbing trend among Donald Trump and his cohorts during the pandemic. Swaths of the population are outraged by the thought of placing money and the economy above human life. Or so…

Spike in BTC Exchange Inflow Preceded Bitcoin Price Correction to $8.6K

May 26, 2020 boss

On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback. The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend. According to data, miners, exchanges and retail investors may have led to the decline in the price of Bitcoin over the past three…