May 27, 2020

Twitch’s New Exclusivity Deals Show That It’s Running Scared of Mixer & YouTube

May 27, 2020 boss

Twitch signs new exclusivity deals with high-profile streamers Summit1G, Dakotaz, and JoshOG. The move comes after streamers like Shroud and Ninja left the platform to sign exclusive deals with rival platform Mixer. These deals suggest that Twitch is more scared of other streaming platforms than previously thought. Popular streamers Summit1G, Dakotaz, and JoshOG have signed exclusive deals with Twitch. The length of these deals is unclear. Loaded, the influencer management brand that represents the three streamers, told The Washington Post that these are “multiyear” content deals. Twitch’s New Exclusive Deals…

LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council

May 27, 2020 boss

LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera Governing Council. Harmon noted that LG will specifically work with the other council members to identify ways that distributed ledger technology, or DLT, can benefit consumers and supply chain partners, saying: “LG has fantastic use…

Lithuania’s Central Bank Completes Blockchain Regulatory Research

May 27, 2020 boss

As of May 27, the Bank of Lithuania, or BoL, has finished the research phase of its blockchain-related project, LBChain. In the next phase, the institution will create a sandbox that mixes technological and regulatory infrastructure for the technology. The platforms used for the research phase include Hyperledger Fabric and Corda, which were developed by IBM Polska SP. Z.o.o and TietoEVRY. Adapting blockchain technology into different business sectors LBChain allowed market participants to test their business solutions in a controlled environment by assessing the critical needs of fintech and startups.…

Ethereum Network Use Hits a New All-Time High — Will ETH Price Follow?

May 27, 2020 boss

According to a recent report by Delphi Digital, the total gas used on the Ethereum blockchain has reached an all time high and it seems like this the figure is set to increase. Gas is the measure used to price fees on the Ethereum blockchain, and the overall use of gas on the network has been rising since the beginning of 2020. Gas Used vs. Max Gas Possible. Source: Delphi Digital The total gas used is unlike the transaction fee metrics in the Bitcoin blockchain. On the Ethereum network, transaction…

GRX Group’s GRID Platform Hosts its First Tokenized Security

May 27, 2020 boss

Adtech firm tribeOS launched shares in its company as tokenized securities via GSX Group’s GRID platform. According to an announcement shared with Cointelegraph on May 27, the shares were already created using GSX Group’s STACS proprietary blockchain network. Per the announcement, STACS is designed to bring more efficiency to the legacy capital markets. GSX Group’s CEO, Nick Cowan, highlighted that tribeOS is the first company to utilize the firm’s GRID security tokenization platform and welcomed other companies that wish to “accelerate the adoption of blockchain within the capital markets.” He…

Antigua’s Crypto Regulation Bill Passes Lower Parliament

May 27, 2020 boss

Antigua and Barbuda’s House of Representatives passed a cryptocurrency regulation bill on May 27. With this bill, they have taken steps towards becoming digital asset-friendly destinations in the Caribbean. The regulatory framework, called “The Digital Assets Business Bill 2020”, aims to regulate crypto companies that establish their operations on the island and provide protection for both exchanges and their customers. Among the critical inputs of the bill is the rule that all digital asset businesses in Antigua and Barbuda must obtain a license for “issuing, selling, or redeeming virtual coins,”…

Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally

May 27, 2020 boss

It’s been a quiet past few days for Ethereum and the rest of the crypto market. After last week’s correction, prices have settled. ETH is trading about 10% lower than its May highs, which is about the same performance assets like Bitcoin. Analysts have begun to bet that second-largest cryptocurrency is primed to see some upside as the technical and fundamental case for the asset has improved. Related Reading: Crypto Tidbits: Satoshi Isn’t Dumping His BTC, China ‘Bans’ Cryptocurrency Mining Ethereum Market Volatility Is Coming The past few days have…

Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels

May 27, 2020 boss

The price of bitcoin (BTC) shot above $9,100 Wednesday in high-volume buying at around 10:00 UTC (6 a.m. ET) thanks to traders feeling optimistic about the crypto markets. As of 20:40 UTC (4:40 p.m. ET), bitcoin was trading at $9,162, gaining 3.5% over the previous 24 hours. Trading seems to support a higher upward climb as bitcoin’s price is now above its 10-day and 50-day moving averages, a signal of bullish sentiment. Bitcoin trading on Coinbase since May 25Source: TradingView The question for the market is whether bitcoin’s price can continue…