May 2020

Sichuan Rainy Season to Give Bitcoin Hash Rate a Much Needed Jolt

May 30, 2020 boss

The post-halving reality of Bitcoin’s network may soon change shape, some industry insiders argue. The reason is quite simple, and, surprisingly, it has nothing to do with crypto itself: The wet season has arrived in Sichuan, a southwest China province known as one of the hottest spots for Bitcoin (BTC) mining. The rain in Sichuan is a good sign for all local farmers, Bitcoin miners included. The abundance of water leads to a hydropower supply glut, which, in turn, makes electricity prices — miners’ main burden — decrease. As a…

How Blockchain Will Revolutionize Healthcare

May 30, 2020 boss

Before 2009, cryptocurrency and blockchain were not popular terms. However, since their release as open-source software that year, the underlying technology has become a crucial driver for various industries, including finance, gaming, health care, engineering and agriculture. The size of the blockchain industry is expected to reach a stunning $23.3 billion in 2023. Blockchain technology is a decentralized, digitized ledger or database for storing “blocks” of information. It allows for the transfer of ownership of units using an encryption system without requiring control by the government or a central bank.…

Here’s Why Nasdaq Will Surge to New All-Time Highs Amid the Pandemic

May 30, 2020 boss

Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark index is 4% shy of its February all-time high. Simply put, the pandemic is making people more reliant on technology than ever before. Nasdaq 100 Companies Are Growing Amid Pandemic The tech-heavy index, which includes names such as Amazon (NASDAQ:AMZN) and…

Is Meghan Markle Risking Archie’s Safety for Hollywood Validation?

May 30, 2020 boss

Meghan Markle and Prince Harry have reported drones flying over their L.A. mansion. Sources say they must treat the drones as potential terrorist threats. This happens as the couple admits they can’t afford their own security bill. Are they endangering their family by living in Los Angeles? Meghan Markle and Prince Harry took the ultimate risk by fleeing their royal nest. That risk isn’t quite panning out. On the one hand, Meghan Markle has made some very minor progress with her Hollywood dreams. On the other hand, her family, including…

Bitcoin Google Interest Mimics $10K Price Run as ‘Halving Hype’ Fades

May 30, 2020 boss

Bitcoin (BTC) interest is hitting levels that last appeared during its March crash recovery as hype over the halving finally fades. According to the latest data from Google Trends, as of May 30, search interest was back to the same position as in mid-April. At the time, BTC/USD jumped from $6,800 to over $10,000 over the next three weeks. BTC ditches “halving hype” Google Trends shows that overall interest involving Bitcoin has declined rapidly since the halving on May 11. As Cointelegraph reported, it was this event that triggered an…