May 29, 2020

Here’s Why the Dow Spiked 300 Points During Trump’s Nothingburger Presser

May 29, 2020 boss

The Dow Jones rallied back from losses of more than 300 points. Donald Trump’s rhetoric is growing hawkish on China, but a closely-watched press conference proved to be a nothingburger The Dow closed flat, while the S&P 500 and Nasdaq recovered into the green. The Dow Jones closed slightly lower on Friday, but the stock market bellwether was heading for far heftier losses when President Donald Trump took the podium this afternoon. His highly-touted press conference turned out to be a whole lot of nothing, but that’s exactly what a…

Emin Gün Sirer’s AVA Labs to Distribute 2M Tokens Ahead of Full Launch

May 29, 2020 boss

AVA Labs, a blockchain protocol founded by Cornell’s Emin Gün Sirer, is planning to distribute 2 million tokens in its final testnet before the project’s full launch in summer. The so-called “Denali Testnet” will serve as the final stage of the AVA network testing before AVA’s mainnet launch. The new testnet will allow each validator to earn up to 2,000 AVA network’s native tokens, AVA Labs announced on May 29. AVA Labs tokens are not yet listed on any cryptocurrency exchange and are not available for public purchase, a spokesperson…

Not Your Tulip Trust? Message Calling Craig Wright ‘Fraud’ May Unlock the Case

May 29, 2020 boss

Infamous cryptocurrency figure Craig Wright faces newfound legal challenges over more than 1 million Bitcoin (BTC) after addresses listed in the Tulip Trust were used to sign a message labeling him a fraud. Wright has long been a divisive figure within the cryptocurrency community, having made unverified claims of being Satoshi Nakamoto, the founder of Bitcoin. These claims have been met with derision and disbelief by various prominent industry participants, including Ethereum founder Vitalik Buterin, podcast host Peter McCormack and Bitcoin Cash (BCH) proponent Roger Ver. Wright went as far…

Taylor Swift Finds Her Voice While These ‘Woke’ Celebs Are Upsettingly Silent

May 29, 2020 boss

Taylor Swift sent a fiery tweet at Donald Trump today. She called out his violent reaction to the Greg Lloyd protests. While she’s praised for using her platform, what celebrities have still said nothing? Donald Trump just got picked on by someone his own size. Taylor Swift – one of the few people with more Twitter followers than the president – just called him out on Twitter. Bravo to Taylor Swift. She’s finally using her giant platform to speak truth to power and give a voice to the voiceless. I…

Price Analysis 5/29: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

May 29, 2020 boss

Many altcoins are showing significant strength as they approach their 200-day moving averages, this suggests that the sentiment in the sector remains bullish. Institutional demand for Bitcoin remains high, even as the price turned down after the block reward halving. Some in the space believe that if institutional and retail demand picks up, there will be a severe shortage of (BTC), which can quickly push its price higher. A small example can be seen in the way crypto fund manager Grayscale Investments has been lapping up Bitcoin, the top-ranked cryptocurrency…

Blockchain Battery Grids Are Powering Up at Lightning Speed

May 29, 2020 boss

Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union. Ecologic technology news outlet, Green Tech Media, reported on May 29 that three major European Union’s electricity transmission system operators, or TSOs, joined Equigy’s platform. More precisely, TSO with operations in Germany and the Netherlands TenneT, Swiss TSO Swissgrid and Italian TSO Terna all joined the network. According to company data website Owler, TenneT has an estimated annual revenue of $1 billion, while Terna $2.3 billion. Furthermore, Energinet — a…

Kylie Jenner Is Getting Her Comeuppance & It’s as Glorious as We Imagined

May 29, 2020 boss

Kylie Jenner has been exposed by the very company that afforded her billionaire status. The star made waves when she was hailed as the youngest “self-made” billionaire in 2019, but Forbes says it was all a lie. Jenner allegedly fudged the figures to get into the coveted club. Cast your mind back to 2019. It was a simpler time when humanity’s greatest threat was a possible second term in office for Donald Trump. And Kylie Jenner was riding high on the wave of success as Forbes’ new woman of the…

ERC-20 Tokens Now Make up Almost 50% of the Total Value Stored on Ethereum

May 29, 2020 boss

Ethereum is getting closer to being flipped on its own blockchain, as other ERC-20 tokens now make up almost half of the total value stored on the network. However, the latest research from Messari Crypto suggests that while stablecoins have seen significant growth in the past few years, ETH still retains its privileged position on the Ethereum blockchain. Ether is Taking Up Less and Less Value on the Ethereum Blockchain Ethereum is getting dangerously close to being flipped on its own blockchain—this is the takeaway from Messari Crypto’s latest analysis…