May 2020

For the Blockchain Industry, the COVID-19 Clock Is Ticking

May 31, 2020 boss

Blockchains reached a feverish level of hype following the ICO mania of 2017. Peddled as the panacea to the world’s ills, many of such promises ill-intentioned, initial coin offerings raised enormous sums of funds within minutes as the public’s focus shifted to the wild world of cryptocurrencies. Once the hype faded, the emerging narrative surrounded enterprise blockchains and the vast potential of the nascent technology to lead businesses into the next generation of the internet. However, much of the original vision of blockchain technology and crypto was lost amid the…

Ellen DeGeneres and Harvey Weinstein Have More in Common Than You Think

May 31, 2020 boss

Ellen DeGeneres has been at the forefront of an ugly mess for some time now. As we know, she isn’t the only famous person in Hollywood to come under fire for being a secret bully. Some may balk at the idea of Ellen being compared to Harvey Weinstein, but isn’t any sort of abuse shameful? Ellen DeGeneres has been riding high as the Queen of Talk Shows for over almost 18 years. During that time, we’ve seen her interview some of the most famous stars in the world, give generous…

Crypto Funds in Demand, Institutions See Bitcoin as Alternative Hedge

May 31, 2020 boss

While the theater world has Waiting for Godot, the crypto sphere has its own drama: Waiting for the Institutional Investor. Recently, there have been some promising sightings. Grayscale Investments has been buying up Bitcoin (BTC) at a great rate in recent months. Indeed, since the May 11–12 rewards halving event, the fund has been accumulating BTC at a rate equivalent to 150% of all the new Bitcoin mined, Cointelegraph reported on Thursday. The firm now has $3.2 billion in assets under management, or AUM, in its Grayscale Bitcoin Trust. Significantly,…

Conquering Decentralized Finance: Enter the Custodians

May 31, 2020 boss

The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to harness this decentralized ideal, rivals to the Ethereum-centric sector are feeling the fear of missing out and leveraging their own blockchains in order to gain dominance. Reaching an early climax this year, DeFi breached $1 billion in locked assets. For the Ethereum ecosystem, this stood as a significant boon, drastically increasing its value proposition — and leading competitors to…

There’s a Housing Market Crisis Brewing – And Here’s Where It Will Strike First

May 31, 2020 boss

Recent data on housing shows that sales remain strong, with only a small drop in prices. However, longer-term trends are likely to lead to significant drops in today’s high-priced markets. The shift towards a remote workforce will correct housing imbalances in markets that otherwise may have gone unsolved. Many have feared a repeat of the 2008 housing crisis this year as the economy shut down. So far, however, signs indicate that the overall market is holding up well. We’re still seeing strong home sales, particularly on lower-end homes. After a…

Dollar General Is Giving Amazon a Run for Its Money During the Pandemic

May 31, 2020 boss

Most retailers had their sales hit deeply by the pandemic. Dollar General saw its traffic and sales surged as Americans are more budget-conscious. The dollar-store chain should continue to do well in the coming months. U.S. retail sales plunged 16.4% in April. Big chains like JC Penney have filed for bankruptcy. While most retailers are struggling, a few have actually benefited from lockdowns. Amazon’s (NASDAQ:AMZN) sales surged as consumers switched to online shopping. But it’s not the only retailer to profit from the crisis. Dollar General Is Thriving While most…

Art Piece Titled “I Can’t Breathe” Sold for Crypto at Auction

May 31, 2020 boss

Osinachi, a self-taught Nigerian digital and crypto artist, has sold his latest “I Can’t Breathe” digital art piece on May 31 for 7 Etherum (ETH), about $1,703 at press time on a blockchain art social network site SuperRare. Funding goes to a cause Osinachi’s piece reflects on the violence that unravelled in an American city of Mediapolis, and was sold in less than six hours at an auction. According to the artist, part of the proceeds will go to a notable cause. He stated that: “Part of the proceeds from…