June 1, 2020

Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

June 1, 2020 boss

As a sector, plastic cryptocurrency cards have had a bumpy ride. While for some they are the perfect way to spend those hard-stacked sats, it has evidently been a struggle for crypto companies to provide such a service. Wracked by regulation, supplier issues and the volatility of digital assets, crypto debit cards have had a rough start. Nonetheless, crypto debit card use is growing and is considered an important development for the growth in the adoption of crypto around the world. So, in which countries are most of the crypto…

It’s Time to Redirect Your Meghan Markle Hatred Toward Prince Andrew

June 1, 2020 boss

Prince Andrew plays a prominent, disturbing role in the Jeffrey Epstein docu-series ‘Filthy Rich.’ Meanwhile, Meghan Markle is still regularly butchered in the media. Markle, at worst, is a lying careerist, while Prince Andrew, at worst, is a child molester. Why are we focusing on her? It’s time to correct the course, people. While Meghan Markle has become royal target practice, she’s an absolute darling compared to Prince Andrew. Even if everything that she’s ever been accused of was proven to be accurate, she’s a patron saint of royalty compared…

Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

June 1, 2020 boss

Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on Monday, will help Binance’s Korea branch remain compliant with Anti-Money Laundering egulations resulting from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platform offered to various institutions dealing with cryptocurrencies. Their previous clients include European banks, blockchain projects such as XRP and RSK, custodians such as Xapo and the government of Gibraltar. As Cointelegraph previously reported, Binance already integrated Coinfirm’s solution on its main…

Why Canceling Rent Could Cripple the Housing Market

June 1, 2020 boss

Housing is the one sector of the economy that experienced a V-shaped recovery. Activists are calling for rent forgiveness as many renters aren’t able to pay rent. Canceling rent would have catastrophic consequences on the housing market and the economy. The pandemic has plunged the United States into a deep recession. More than 40 million Americans have lost their job, and U.S. GDP contracted by 5% in the first quarter. The economy isn’t experiencing a V-shaped recovery—except for one sector. The housing market has been incredibly resilient despite the crisis. Initially,…

Twitter’s Bitcoin Sentiment Suggests a Price Breakout is Imminent: Here’s Why

June 1, 2020 boss

Some of the top altcoins by market capitalization, such as Ethereum, have been posting significant gains lately. Meanwhile, Bitcoin remains stagnant within a narrow trading range. The flagship cryptocurrency is consolidating between $8,800 and $10,080 since late April without giving any clear signs of where it is headed next. One of the most prominent analysts in the industry maintains that Bitcoin’s inability to move past the $10,000 resistance level adds credence to a sudden bearish impulse that could see it plummet to $6,300. Nonetheless, others believe that the pioneer cryptocurrency…

Weaker Bitcoin (BTC) Miners Selling BTC in Droves as Bitmain Debuts Cheaper Hardware

June 1, 2020 boss

Weaker bitcoin miners are engaging in massive selloffs as Bitmain debuts a cheaper model in the Antminer series. Inefficient Miners Offloading Bitcoin Likely Signaling Capitulation Smaller Bitcoin miners appear to be capitulating as figures show massive BTC selling. This trend comes as the May halving sees block reward slashed by 50 percent likely negatively impacting the bottom line for “weaker” miners. Twitter user @_ConnerBrown_ highlighted the trend in a tweet published on Monday (June 1, 2020). An excerpt from the tweet reads: “This past week miners have sold 673 more…

John Boyega’s Anti-Protest Critics Missed the Entire Point of Star Wars

June 1, 2020 boss

Star Wars star John Boyega took to Twitter to call out systemic racial discrimination. Despite the blowback, he’s standing firm in his convictions. Boyega — like his Star Wars character Finn — is proving to be a true Resistance hero. John Boyega is not here for your shenanigans. The actor, who came into the public spotlight for portraying Resistance fighter Finn in the Star Wars sequels, is using his platform to call out systemic racial discrimination in the wake of George Floyd’s murder. And despite suffering blowback from his anti-protest “fans,” Boyega…

Miners Have Been Selling More Bitcoin Than They Generate, Recent Data Suggests

June 1, 2020 boss

Last week, Bitcoin (BTC) miners sold 11% more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests. According to the portal’s metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven days, compared with over 6,500 “first spend” transactions. The “first spend” that is used for the calculation is “the first time that a Bitcoin leaves the wallet it was generated in,” a ByteTree spokesperson explained to Cointelegraph, elaborating on how their metric works in greater…