June 4, 2020

Market Wrap: Bitcoin Closing in on $9,900 as Crypto Market Volatility Persists

June 4, 2020 boss

A quick rally followed by a sharp decline earlier this week in bitcoin prices spelled trouble for bulls. However, volatility is back in the spotlight and that could bring other opportunities, according to market players. Bitcoin (BTC) was trading around $9,816 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours. At 00:00 UTC on Thursday (8:00 p.m. Wednesday EDT), the world’s largest cryptocurrency by market capitalization was changing hands around $9,655 on spot exchanges like Coinbase. The price stayed close to that level until 13:00…

A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

June 4, 2020 boss

Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions could not provide such services. The reason bitcoin cash is supported by these vending machines in Hong Kong is because bitcoin transaction fees are 1,931x more expensive than bitcoin cash transactions. Hong Kong Vending Machines…

Advanced Trading Software – How to Achieve High Trading Profit – Blockchain News, Opinion and Jobs

June 4, 2020 boss

Bitcoin trading has become one of the major sources of profit for long years. With its very promising and lucrative features, many individuals have decided to trade and are now reaping many great benefits of trading with bitcoins. If you also want massive profits, you need to have the best tool and software with you to be able to accomplish this goal. The good thing is that things in the cryptocurrency world have changed for the better. There are now advanced trading software and smart robots that can handle all…

Earn Great Profits With Leading Bitcoin Trading App – Blockchain News, Opinion and Jobs

June 4, 2020 boss

There are many individuals with old mindsets believing that cryptocurrency trading is not profitable and may just result in loss. They also thought that this kind of trading might not reflect decisive and smart skills. Those individuals who have guts are now earning millions. The investors who have traded a certain amount have multiplied their investments and earned great profits. It is actually very advantageous to invest in present market scenarios since the prices are running low. You must invest as fast as you can prior to prices soaring high.…

Coronavirus Lockdown Boosts Bitcoin Trading in Russia

June 4, 2020 boss

On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown. As RBC reports, representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia. This number is relative to the increase in trading volumes from March until June. Boost in registrations from Russia users Gleb Kostarev, head of the representative office of Binance in Russia, explained that the number…

Fed Chair Teases Use of Ethereum-Based Interest Reference Rates

June 4, 2020 boss

In a May 28 letter to Senator Tom Cotton (R-AR), Jerome Powell, Chairman of the U.S. Federal Reserve, described an interest reference rate based on the Ethereum blockchain, called Ameribor, as effective for some, but not all. Ameribor is a tool from American Financial Exchange (AFX) that uses the Ethereum blockchain to track interbank lending by minting ERC-721 tokens for each repayment. The Fed Chair responds on overall interest reference rates After a Banking, Housing and Urban Affairs Committee hearing in February, U.S. Senator Cotton sent questions over to Chairman Powell.…

Dow Stumbles as Wall Street Debates the Case for Negative Rates

June 4, 2020 boss

The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S. stock market’s weeklong rally. As the employment crisis deepens in the United States, it seems more and more likely the Federal Reserve could turn to negative interest rates. Dow Jones Backtracks After Lockdown Layoff Toll Ticks Past…

This Insane Stock Market Doesn’t Care About a US-China Trade War

June 4, 2020 boss

The U.S. government will impose new restrictions on state-owned Chinese media outlets and plans to halt Chinese airlines’ access. The stock market remains unfazed by it, slightly retracing by 0.16% following a 2.05% gain on June 2. Equities are seemingly pricing in degrading U.S.-China relations. The U.S. government will impose new restrictions on Chinese media outlets and suspend inbound Chinese airlines’ access, as tensions between the U.S. and China intensify. Curiously, the U.S. stock market is completely unfazed by it. While the Dow paused a 4-day streak during Thursday’s trading,…