June 4, 2020

Pro-Crypto Democrat Jonathan Herzog Running for US Congress

June 4, 2020 boss

Cryptocurrency advocate Jonathan Herzog is running for election to the U.S. House of Representatives in the primary against fellow Democrat Jerry Nadler, who has represented New York’s 10th Congressional District since 2013. A former staffer of ex-presidential candidate Andrew Yang, Herzog first announced his intention to run for office in 2019, but has recently become much more vocal about cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). “Time for a representative who knows what Bitcoin is,” Herzog tweeted to his 5,900 followers on May 23, followed by a message today which…

Craig Wright Refutes Tulip Trust Fabrication

June 4, 2020 boss

Craig Wright maintains that he alone has access to the ‘Satoshi’ Bitcoin addresses filed in court, despite a message apparently signed by 145 of the addresses calling him “a liar and a fraud”. Wright says anyone that thinks his credibility is now in tatters as a result “doesn’t understand digital signatures at all”. He is being sued by the estate of his alleged former business partner Dave Kleiman, which is seeking a share of billions of dollars of Bitcoin (BTC) the pair may or may not have mined together. As…

Technicals Suggest Bitcoin Needs To Clear $9,800 For Hopes of a Fresh Rally

June 4, 2020 boss

Bitcoin is currently correcting higher from the $9,300 support against the US Dollar. BTC price must clear the $9,740 and $9,800 resistance levels to continue higher in the near term. Bitcoin is currently showing a few positive signs above the $9,500 and $9,600 levels. The price is likely to gain bullish momentum if it breaks the $9,740 and $9,800 resistance levels. There is a bear flag forming with resistance near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if…

Podcaster Joe Rogan Uses Crypto-Powered Brave Browser

June 4, 2020 boss

Podcaster Joe Rogan has revealed that he uses the privacy focused Brave browser to avoid internet ads and Google tracking in the latest episode, which features American musician and comic Reggie Watts. It’s one of the most high profile endorsements in Brave’s history with Rogan’s podcast downloaded more than 190 million times each month. The show was recently licensed to Spotify in a $100 million deal. This latest episode has already received 1.7 million views on YouTube in the first 24 hours. You’re getting tracked In the 2.5 hour episode,…

Hive’s Transactions Overtake Steem’s as Splinterlands Joins the Rebellion

June 4, 2020 boss

The most popular decentralized application (DApp) on Steem — a crypto-powered card trading game called Splinterlands — has become the latest high profile migration to rebel Steem fork, Hive. As a result, the number of daily transactions on Steem has fallen by a third to drop below Hive’s for the first time. Hive is a community run fork of Steem, set up following the purchase of Steemit Inc by Tron founder Justin Sun. The migration was a response to a surprise hard fork initiated in late May to freeze the…

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

June 4, 2020 boss

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments start to crack down on crypto-infused automated teller machines. This comes as Ciphertrace released a report showing that cross-border transactions accounted for 74% of bitcoin moved between exchanges in 2019. Of this, 88% of funds…

‘Crypto Mom’ Nominated to Serve as SEC Commissioner Until 2025

June 4, 2020 boss

President Trump has nominated Hester Peirce to be a member of the U.S. Securities and Exchange Commission (SEC) for a second term ending in 2025. Pierce has been affectionately dubbed ‘Crypto Mom’ for being one of the most enthusiastic proponents of cryptocurrency at the SEC. In an announcement on the White House website on June 2, the executive branch of the U.S. government said it had sent ten nominations for unfilled positions or those up for renewal to the Senate for approval, and withdrawn one. Among the names put forward…