May 2020

Donald Trump Will Be Livid With Twitter’s Latest Tweet-Strike

May 29, 2020 boss

Twitter has placed a warning above a tweet posted by Donald Trump for violating its rules on “glorifying violence.” The warning comes after the social network fact-checked two other Trump tweets, while Trump threatened to regulate social media sites in retaliation. But Twitter isn’t backing off, and Trump is himself likely to be hurt by social media regulation. Twitter has placed a warning on a tweet from Donald Trump for “glorifying violence.” The U.S. President tweeted earlier this morning about the Minneapolis riots. However, Twitter put one of his tweets…

Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next

May 29, 2020 boss

Bitcoin breaks below $9,500, a crucial support level, a day after breaching it to the upside. The cryptocurrency pared its intraday gains ahead of Donald Trump’s retaliating press conference on China’s national security law for Hong Kong. Its downside move laggingly tailed a similar price action in the S&P 500. The U.S. benchmark closed Thursday down 0.2 percent. Bitcoin traded lower on Friday as traders refrained from taking more significant risks amid escalating geopolitical tensions between the U.S. and China. The benchmark cryptocurrency was down 1.18 percent at $9,467.04 as…

South Korea’s ICON Releases Blockchain Interoperability Protocol

May 29, 2020 boss

ICON (ICX), South Korea’s largest public blockchain project, released its Blockchain Transmission Protocol (BTP) on May 28. The protocol enables interoperability between individual blockchains, facilitating value transfer, service invocation and data exchange. Connecting the chains As blockchain technology has evolved, the multitude of competing networks springing up have largely been content to isolate themselves, occasionally looking at others for inspiration, but rarely fully interacting with one another. ICON however, has always stated its mission to “Hyperconnect the World”, and this latest release is a large step towards that goal. BTP…

U.S. Stock Market is Overpriced by 16%, Warns Oxford Think-Tank

May 29, 2020 boss

The stock market isn’t pricing in the risks that lie ahead Oxford Economics warns bloated valuations will bring on a correction Despite breaking above 3,000, the S&P 500 can’t keep climbing Any way you look at it, the stock market is overvalued. That’s what Daniel Grosvenor of Oxford Economics warned this week as the S&P 500 blasted above 3,000. Investors breathed a collective sigh of relief when the index made its way above the key technical level, but Grosvenor cautioned that the market is due for a correction. The S&P…

10 Benefits of Security Token Offerings

May 29, 2020 boss

One of the recent technology trends which are spreading its wings is the security token offerings. This particular platform is meant for fund raising effortlessly. It is developed in such a way that it can also come up in the place of IPO in no time. The term used in context with blockchain, is basically used in the digital world. This cutting-edge technology is of great help for the traders as well as investors because they can easily plan to trade in this currency by sitting anywhere. Moreover, tokenizing an…

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why

May 29, 2020 boss

Bitcoin has been on an impressive rally over the past two months. From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period. This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is in a bull market though. Analyst “PlanB,” for instance, recently noted that Bitcoin is not yet in bull market territory as per the weekly relative strength index. The relative strength index (RSI) is described by Investopedia…

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why

May 29, 2020 boss

Bitcoin has been on an impressive rally over the past two months. From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period. This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is in a bull market though. Analyst “PlanB,” for instance, recently noted that Bitcoin is not yet in bull market territory as per the weekly relative strength index. Chart from “PlanB” The relative strength index (RSI)…

Coinbase Now Supports Tezos Staking Rewards for UK and Some EU Users

May 29, 2020 boss

Major cryptocurrency exchange Coinbase is rolling out Tezos (XTZ) staking rewards for users in the United Kingdom and three European countries. In an announcement on May 28, the exchange revealed that users in the U.K., France, Spain and the Netherlands are now eligible to earn interest on their XTZ holdings for depositing and holding the token on the exchange. According to Coinbase, since this feature was launched in the United States back in November, users have earned over $2 million in XTZ staking rewards. What is staking? In blockchains that…