May 27, 2020

Kate Middleton Is Making Excuses – And Wow, Do They Ring Hollow

May 27, 2020 boss

Kate Middleton is trying to distance herself from that “Tatler” cover story. “Tatler” publisher Richard Dennen stands by the story. Kate and her camp knew exactly what was going to happen when the story ran. Kate Middleton is quickly copping pleas. After British high-society magazine “Tatler” released their cover story on the Duchess of Cambridge, they made worldwide headlines when they claimed that Middleton was “exhausted” with her newfound responsibilities. And of course, as with all British media these days, they found a way to blame Meghan Markle for the…

Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned

May 27, 2020 boss

A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges. The Flow of USDT Within A Crypto Ecosystem. Source: Flipside Crypto. Binance, Bitfinex & Huobi The report states that Tether has thus far failed to fulfill its aspiration of providing stability to the DeFi space as postulated by Paolo Ardoino, Bitfinex and Tether’s CTO. Instead, its primary use case, seems to be inter-exchange arbitrage:…

Bitcoin May Be the Solution to Africa’s Broken Financial System

May 27, 2020 boss

A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light on Africa’s financial infrastructure and the role that cryptocurrencies play in it. The author of the research, which was jointly conducted by market analysis firm Arcane Research and crypto exchange, Luno, wrote that the financial landscape seen on the continent plays a role in forming appetite for crypto in Africa: “Although it is a…

Russian Authorities Disagree Over Lifting Telegram Ban

May 27, 2020 boss

A major state authority in Russia has objected to the State Duma’s proposal to cancel the ban on Telegram’s encrypted messenger in the country. Russia’s Ministry of Digital Development, Communications and Mass Media, also known as MinComSvyaz, doesn’t support a recent initiative to lift the two-year-long Telegram ban, local news agency Interfax reports May 26. Russia doesn’t need more services to spread information about COVID-19 On April 22, two deputies at the State Duma proposed a draft bill on terminating the ban of Telegram in Russia due to the coronavirus…

Ethereum is Flashing Signs That a Sizable Bull Run is Looming

May 27, 2020 boss

Ethereum has seen some rather lackluster price action in recent times, hovering around the $200 level as its buyers and sellers largely reach an impasse. This price action has not been emblematic of the cryptocurrency’s underlying fundamental strength, however, and one analyst is noting that there are a few major factors that suggest a massive bull trend exists just around the corner. This trend comes as analysts note that the cryptocurrency could also be strong from a technical perspective as well, with one even offering a lofty near-term price target…

The Dow Is on Fire, Even as the White House Turns up the Heat on Beijing

May 27, 2020 boss

The Dow Jones rallied for a second straight day on Wednesday. Stock market bulls dragged prices higher despite boiling tensions between the U.S. and China. Hong Kong is no longer deemed independent from Beijing, which could have wide-reaching implications for the Dow. The Dow Jones Industrial Average (DJIA) brushed off some early-morning volatility to secure a second straight massive gain. Up close to 900 points this week alone, the index even ignored another potential escalation in U.S.-China trade tensions that could impose long-term effects on the stock market. Dow Jones…

Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?

May 27, 2020 boss

Earlier this week, Tether (USDT) was making headlines for flippening XRP and taking the number three spot for largest cryptocurrency by market cap. Confidence in the leading stablecoin seems to have returned, despite Tether and Bitfinex still being embroiled in two ongoing court proceedings — one of which relates to an $850 million cash loan made by Tether to Bitfinex, secured against Bitfinex stock. Investors didn’t like the fact that their Tether was no longer backed one-to-one with dollars. But with United States banks now allowed to issue loans with…

Sorry Trump, But Elon Musk’s the One Making NASA Great Again

May 27, 2020 boss

SpaceX is sending Americans to space from American soil for the first time since 2011. It’s also the first commercial human space flight in a privately owned craft. Donald Trump talks a big game about space, but Elon Musk and his people are the real driving force behind space exploration. At 4:33 pm ET today, Elon Musk’s SpaceX will send two NASA astronauts to the International Space Station in its Crew Dragon spacecraft. It will begin its journey with a SpaceX Merlin engine-powered Falcon 9 rocket launch from Pad 39A…