June 1, 2020

Matic’s Price Crumbles 20% Amid Mainnet Launch

June 1, 2020 boss

Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More impantly, it ensures that right from day 1 that DApps are able to deploy their products successfully on Matic,” the post adds. MATIC crashes 20% in two days Despite Matic Network launching the first phase…

What the Kate Middleton ‘Scandal’ Proves About Meghan’s Problematic Fangirls

June 1, 2020 boss

Kensington Palace is taking legal action against Tatler magazine for an article that paints Kate Middleton and Meghan Markle in a negative light. Despite this, the Sussex Squad and Meghan’s fans are generally reacting with glee at the upset this piece has caused. This reaction confirms that for the Sussex Squad, it’s all about Kate. Kensington Palace is reportedly taking legal action against Tatler magazine for its inexcusable hit-piece on Duchess Kate Middleton. It would appear that the media doesn’t just attack Meghan Markle! You’d think the people who championed…

Crypto Travel Booking Site Travala Sees 46% Monthly Increase in Bookings Despite Pandemic

June 1, 2020 boss

According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction compared to April, May also saw a 60% decrease in room nights booked compared to March. Travala.com sees bookings surge as travel restrictions are lifted Juan Otero, Travala.com’s CEO, told Cointelegraph that the platform is seeing more use as the rest of the travel industry. He explained that domestic travel is seeing growth as the restrictions are being lifted. He said: “We’re…

Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values

June 1, 2020 boss

The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of the entire cryptocurrency ecosystem is around $270 billion while 24-hour trade volume for all 5,000+ coins is $22 billion. Crypto Value’s Slide After Briefly Touching Heavy Resistance Cryptocurrency prices were rather bullish on Saturday evening…

Data Shows Bitcoin Investors Are Preferring “HODL,” 60% BTC Unmoved in a Year

June 1, 2020 boss

Bitcoin investors seem to have matured with the market. While the crypto space is infamous for attracting a lot of new traders looking to make a quick buck, on-chain data indicates “buy-and-hold” has steadily become the preferred approach for the majority. Shifting to HODL Cryptocurrency market intelligence firm Glassnode shared its findings of the Bitcoin market over the weekend, concluding over 60 percent of Bitcoin has not moved in over a year. The last time such metrics were observed was before 2017’s infamous bull run — a period that saw…

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

June 1, 2020 boss

China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues. China looks to blockchain In the latest push, the China Merchants Port announced last week its implementation of blockchain technology in upcoming projects. Partners include Alibaba, one of the largest and most prominent companies in China. The “Ant” blockchain, owned by Ant Financial, will bring smart contract-based frameworks to ports in Hong…

XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

June 1, 2020 boss

As Bitcoin (BTC) has been consolidating recently, many majors have been showing strength with double-digit movements. For instance, Ethereum’s Ether (ETH) rallied from $195 to $245, while Cardano (ADA) rallied with 65% in the recent week. However, some relatively large altcoins are lagging heavily, and two of them are XRP and Stellar Lumens (XLM), the third and 13th cryptocurrencies by market capitalization, respectively. So what’s next for them? Crypto market daily performance. Source: Coin360 One billion XRP being dumped on the markets every month One of the fundamental reasons for…

You’d Be ‘Mental’ to Go All-In This Stock Market, Warns Notorious Tesla Bear

June 1, 2020 boss

Mark Spiegel’s fund beat the stock market in May thanks to some carefully-selected value stocks. But he said it would be “mental” to go fully long without hedging for a significant downturn. His fund also remains bearish on Tesla despite losing more than $1 million in short bets. The bulletproof stock market has shrugged off a global health crisis, new China tensions and now riots across America. Even the bears have to admit, this is a strong recovery for stocks. So, is it time to go all-in on the stock…