May 2020

Hashpower Could Migrate From East to West as Global Mining Landscape Changes

May 30, 2020 boss

Speaking to Cointelegraph, the CEO of Ripple SBI Asia, Adam Traidman, predicted that the mining industry will continue to see hash rate migrate from east to west, asserting that he is already witnessing the transition begin. “We are seeing a huge interest [from][ wealthy Chinese miners who are paying somewhere on average of $0.03 to $0.05 per kilowatt-hour […] in Texas at $0.025 and below — in some cases way below,” Traidman stated. Tensions between American and Chinese miners However, the Ripple SBI Asia head noted that relations between mining…

‘Black Swans’ for Fiat Will Only Be a Favor for Cryptocurrencies

May 30, 2020 boss

In the past three decades, the world has been witness to three extraordinary “black swan” events that served as structural crossroads for both societies and economies: the 9/11 terror attacks, the 2008 global financial crisis, and the COVID-19 pandemic. Nearly two decades ago, 9/11 unleashed brazen new escalations of state powers over individuals and monetary controls, all in the name of security from terrorism led by the United States and still reverberating around the globe. The 2008 economic meltdown caused by the U.S. housing crisis illuminated the fundamental economic inequality…

You’ll Never Guess Who Boomers Will Blame for the Next Housing Crisis

May 30, 2020 boss

Mortgage applications have risen in recent weeks as mortgage rates hit record lows. Millennials can’t afford to buy a house as many of them are struggling financially. The housing market probably won’t recover as fast as expected. The pandemic has hit the U.S. economy hard, and chances of a V-shaped recovery are minimal. The housing market has been hit too. Mortgage applications plunged in the wake of lockdowns. Existing homes sales fell 25% between February and April. New homes sales were somewhat more resilient, falling 16% over the same period,…

Minecraft Meets the Blockchain Thanks to New Plug-In

May 30, 2020 boss

Blockchain game technology company, Enjin, announced that their plugin “EnjinCraft” is now available on the popular video game, Minecraft. According to the announcement made by Enjin, the blockchain plugin will allow players to integrate, trade, and use blockchain gaming items through the servers. By integrating blockchain technology, the company aims to make it easy to tokenize Minecraft items and thus incorporate them within the players’ servers. The plugin is based in Java, with some specialized functionalities like the integration of the tool on external games, servers, and websites. Linking Minecraft’s…

Ethereum Leads Market with Insane Rally; Here’s Where it May Go Next

May 30, 2020 boss

Ethereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair. This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way to go before it reaches its yearly highs of $290. It is important to note that although it does seem to be overtly bullish, analysts are somewhat cautious about where the cryptocurrency could trend in…

Amazon Patented a Blockchain System for Supply Chain Tracking

May 30, 2020 boss

World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain. Amazon’s patent — dated May 26 — describes a “distributed ledger certification” system. The document explains that the tracking solution would ensure that consumer goods that are sold on its ecommerce site are authentic. The abstract reads: “Features are disclosed for an interface for verifiable tracking of an item through a supply chain using a distributed electronic ledger.” In the detailed description section of the patent, its author…

Horizon Zero Dawn 2 is a Good Bet for Sony’s PS5 Event

May 30, 2020 boss

Sony will host its long-awaited PS5 showcase next Thursday, June 4. A sizable selection of first-party and third-party titles are reportedly on the bill. Horizon Zero Dawn 2 is likely to feature in Sony’s hour-long event. With a firm date penciled in the diary for Sony’s long-awaited PS5 event, attentions now turn to what games the platform holder plans to showcase. With Sony confirming that the event is but one of a succession of info drops in the months ahead, the gaming giant will want to ensure it makes a…