May 27, 2020

Roger Ver Wants to Buy Bitcoin.org

May 27, 2020 boss

In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar. When Satoshi left the community, he entrusted control of the site to a number of impartial individuals. Since that time, Bitcoin.org has largely operated as an educational resource, helping newcomers to the space learn about Blockchain technology. However, following Theymos’ departure from the website in April, and news that its current administrator, Cobra, is looking to part with the website, the future for Bitcoin.org appears unclear. Cobra takes the helm of…

Elon Musk Is a Tech Bro Hero – Can He Woo Blue-Collar America Next?

May 27, 2020 boss

Jay Leno gushed about his Tesla Cybertruck test drive. With a base price below $40,000, you don’t need to be Jay Leno to afford the new electric truck. Could this be what Elon Musk needs to reach the “real world”? Elon Musk is a cult hero, at least among a very particular demographic. There is no shortage of Musk fanbois online to hail the billionaire as nothing short of the second (or first, depending on your belief system) coming. Elon Musk is a hero amongst a certain subsection of fanbois.…

Bitcoin Transaction Fees Decline as Network Congestion Eases

May 27, 2020 boss

After facing a heavy load of transactions earlier this month, bitcoin’s (BTC) network has returned to a more normal level, recent developments suggest. The total amount of fees paid to miners was 80 BTC as of Tuesday, down from its 11-month high of 201 BTC on May 21, according to the data provided by the blockchain intelligence firm Glassnode. It was at 57 BTC on May 3. The percentage of miner revenue from fees has also pulled back to 9.4% from the 28-month high of 21% registered on May 20. …

Bitcoin News Roundup for May 27, 2020

May 27, 2020 boss

While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It’s Markets Daily from CoinDesk. With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say. ErisX has released a block trading API for futures contracts and spot market trades to help large traders. Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients. Via Varejo snapped up the…

After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop

May 27, 2020 boss

The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between $8,800 and $9,200, demonstrating high volatility in a tight range. Bitcoin is currently at a decisive point where it could fall back below the $8,000 support level and retest lows in the $6,000–$7,000 range or break above $10,500 and initiate a new bull cycle. Top crypto traders remain mixed on the current trend of Bitcoin. Some believe BTC is heading…

This Cryptocurrency Is Up 260% and It Seems to Have More Gas in the Tank

May 27, 2020 boss

Ever since Coinbase Pro revealed that it will be listing OmiseGO on its retail platform, this ERC-20 token has done nothing but shoot up. Since then, its price skyrocketed by more than 260%. OMG went from trading at a low of $0.62 to a new yearly high of $2.27. Even though this cryptocurrency took a 30% nosedive in the past week, on-chain metrics reveal that the bullish momentum behind may not be over yet. is OmiseGo Bound for Another Upswing? Data from Santiment reveals that a bullish divergence appears to…

This Is Why the Stock Market Just Suddenly Lurched Lower

May 27, 2020 boss

After gaining as much as 1.5%, the S&P 500 Index turned negative Wednesday morning. The technology-heavy Nasdaq Composite Index plunged 2.1%. FAANG stocks are down across the board. U.S. stocks turned negative Wednesday morning, weighed down by plunging technology shares and negative virus headlines. S&P 500, Nasdaq Decline; Dow Holds Gains The large-cap S&P 500 Index reached an intraday high of 3,021.72 before pulling back sharply mid-morning. It bottomed at 2,969.75 for a decline of 1.7% from its intraday peak. The S&P 500 Index suffered a sharp pullback Wednesday morning…

Goldman Sachs Butts Heads With Bloomberg Over Bitcoin

May 27, 2020 boss

According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing in the up and coming technology-based asset. This stands in stark contrast to the views of former presidential hopeful, Michael Bloomberg, whose financial reform plan unequivocally called Bitcoin an asset class. Purported Goldman Sachs Slide From May 27 Call. Source: Ryane Browne’s Twitter Account. Bloomberg: Better than gold Michael Bloomberg’s plan openly…