May 27, 2020

Bitcoin ‘Hodl Wave’ Data Has Now Been Calling a Bull Run for 5 Months

May 27, 2020 boss

Bitcoin (BTC) is more likely to be at the start of a new bull market than at any time since 2016, new data covering investors suggests. Noted by Phillip Swift, creator of monitoring resource Look Into Bitcoin, the data shows that 60% of the Bitcoin supply has not moved from its wallet in over one year. Analyst eyes “significant hodling” The last time that such a large amount of the supply had remained stationary for that long was in 2016 — just before the start of the bull run, which…

India’s Largest Private Port Operator Partners With Blockchain Platform TradeLens

May 27, 2020 boss

The largest multi-port operator of India, Adani Ports and Special Economic Zone Limited (APSEZ), has partnered with the blockchain-based supply chain solution platform TradeLens. APSEZ plans to integrate TradeLens’s blockchain solutions across 10 of its major courier management facilities across ports in six Indian states — four in Gujarat and one each in Odisha, Tamil Nadu, Goa, Chennai, Andhra Pradesh and Kerala. Digitizing to curb supply chain shortcomings exposed by the pandemic According to the local business news outlet, Business Line, APSEZ’s move to digitize its supply chains comes as…

Bizarre Stock Market Rally Leaves Wall Street’s Best Billionaires Dumbfounded

May 27, 2020 boss

Wall Street billionaires have little intention of re-entering the stock market despite its strong rally. Carl Icahn’s failed $1.5 billion bet on Hertz shows why billionaires are cautious. Big cash-buffer at a time like this is necessary to rescue struggling businesses. Carl Icahn is the latest billionaire to be on the wrong side of the stock market rally as his big bet on Hertz crumbled. U.S. stocks are continuing to climb, and ultra high net-worth investors are not re-entering the market. The U.S. stock market increased by 7.5% since May…

As Theta Mainnet 2.0 Launches, What’s Behind its Massive Rally?

May 27, 2020 boss

Crypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks. All told, the Theta Token, is up nearly 1,300% since the ‘Black Thursday’ crash of mid-March. In addition to its forthcoming technical upgrades, Theta’s rally appears to have also been fuelled by a series of partnerships with major media platforms, including Android TV and Samsung. Theta is a crypto-powered 24/7 streaming service showcasing live Esports, World Poker Tour tournaments, and major blockchain and cryptocurrency conferences including Consensus and the…

EMusic Launches Token to Help Artists Earn More

May 27, 2020 boss

Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The eMU crypto asset is a payment method designed to allow artists on the platform to keep more of the royalties they earn. The firm’s president Tamir Koch said streaming had not worked out well for artists: “Streaming has dramatically increased revenues and adoption, but the model has proven itself…

Bitcoin Plunge To $8,200 Seems Likely, As Technical Indicators Turn Red

May 27, 2020 boss

Bitcoin is trading in a bearish zone below $9,000 against the US Dollar. BTC price is likely to accelerate lower if it breaks the $8,680 and $8,600 support levels. Bitcoin is declining and trading well below the key $9,100 pivot level. The price is likely to continue lower towards the $8,400 and $8,200 support levels. There is a major bearish trend line forming with resistance near $8,910 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could only avoid losses if it gains bullish momentum…