May 28, 2020

MIT Group Funding Shows Growing Crypto Trading Interest

May 28, 2020 boss

Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity,” FPG CEO John Peurifoy explained in a May 28 statement. The funding goes toward expansion Algorand CEO Steve Kokinos, Seabury Global Markets, AngelList founder Naval Ravikant, and multiple others invested the money into FPG, receiving company stake in return, the statement said. An outfit operating under U.S. governing bodies, FPG…

Analyst Who Helped Topple Crypto Child Exploitation Site Honored

May 28, 2020 boss

Criminal analyst, Kim Reece, has been nominated as a finalist for the Samuel J. Heyman Service to America Medal for her efforts in shutting down a major child porn site. News of the nomination came on May 28. According to the announcement, Reece’s work led to an international criminal investigation of the largest dark web child pornography site in the world. This site used cryptocurrencies to cloak payments for more than one million video downloads. This resulted in the arrest of the site’s leader, and more than 330 users. It…

Bitcoin Will Replace Gold, Crypto Data Analytics Company CEO Says

May 28, 2020 boss

As the world turns more digital, crypto’s pioneer asset Bitcoin (BTC) could take on gold’s store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. “I see Bitcoin replacing gold as the hardest money for savers with long time horizons,” CEO Mike Alfred told Cointelegraph. “Young people are far more interested in Bitcoin in a world where the economy becomes increasingly online and virtual,” he added. Bitcoin has gained significant status since inception Since its launch over a decade ago, Bitcoin has…

Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500

May 28, 2020 boss

Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher. As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours. Trading seems to support a higher upward climb with a large session of buying around 12:00 UTC (8 a.m. ET) briefly pushing price to as high as $9,526 on exchanges including Coinbase. Bitcoin’s price continued its rising trend from Wednesday, well…

Ellen DeGeneres Should Absolutely Be Sacked – Here’s Who Should Replace Her

May 28, 2020 boss

Ellen DeGeneres is rumored to be considering leaving her talk show. There’s speculation that “Frozen” actress Kristen Bell could take her place. If the gossip is true, Bell is the perfect replacement. Ellen DeGeneres might be getting replaced. According to some tabloid gossip, the talk show host and sometime actress is so negatively affected by all of the rumors going around about her “mean” behavior that she’s ready to leave her eponymous show. Kristen Bell, known for her work on “Frozen,” is speculated to be her replacement. And if these…

Bitcoin Trading Exploding in India Since Supreme Court’s RBI Ban Reversal

May 28, 2020 boss

Bitcoin (BTC) trading in India is experiencing a resurgence since the Supreme Court’s decision to nullify the central bank’s 2018 crypto ban. However, insiders say the lack of regulatory clarity is still posing hurdles for virtual currency commerce in the country. India’s Booming Bitcoin Trading Scene According to Quartz India, WazirX — a Mumbai-based exchange — has seen about 400 percent and 270 percent month-on-month increase in Bitcoin and crypto trading volume since March 2020. Crypto trading on the Binance-owned platform now stands at 60 million Indian rupees (IRR) per…

Chinese Citizens Are Now Able to Inherit Cryptocurrency

May 28, 2020 boss

The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement. The new code states: “When a natural person dies, the legacy is the personal legal property left by she/he.” Lixin Yang, a professor of Renmin University of China told China Central Television that this means “internet property and virtual currency…