June 4, 2020

CME Data Predicts Bitcoin at $13K in June-July, Investors Are Bullish

June 4, 2020 boss

Current data from CME and other Bitcoin price monitoring bodies have shown a bullish activity among institutional investors which may help Bitcoin price to hit $13,000 in June-July Bitcoin, the first-ever digital currency which was created in 2008 by Satoshi Nakamoto and came into limelight in 2009 is renowned for its volatility, a factor that influences the price and market value of all other digital currencies collectively known as altcoins. CME data shows that Bitcoin remains bullish despite trading below $10,000 all week long. As we approach the end of…

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

June 4, 2020 boss

Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition of cryptocurrency as miscellaneous income, whereby virtual currency is taxed at rates of up to 55%. Players in the crypto sector have been pushing for new legislation that would categorize cryptocurrency as stocks for similar tax treatment. Responding to a question from Japan Restoration Association…

Why Mark Zuckerberg Is Bound to Crush the Facebook Employee Revolt

June 4, 2020 boss

Facebook employees want Mark Zuckerberg to review his stance on moderating President Trump’s posts. Employees of the social media giant protested on a related matter last year. Zuckerberg has several well-developed tactics he can use to avoid reversing course. Facebook (NASDAQ:FB) employees are speaking out over a decision by Mark Zuckerberg not to delete or flag President Trump’s controversial posts on the social media platform. On Monday, dozens of Facebook employees staged a virtual walkout. Some employees have vowed to continue agitating for change. Some of the employees who have…

Licensed Malaysian Crypto Exchange Integrates Market Surveillance System

June 4, 2020 boss

Malaysian digital asset trading platform Tokenize Xchange announced that it will be deploying cryptocurrency market surveillance tools developed by the New York-based Solidus Labs. The firm says this will help the exchange achieve Wall Street-grade market surveillance standards. The solutions provided by Solidus Labs will use machine learning to read thousands of factors including trading behaviors and market conditions to detect activities that must be reviewed. This will purportedly keep a check on illegal trading activities such as wash-trading, spoofing, pump-and-dump, etc. The integration comes two months after Tokenize Xchange…

OK Dow Jones Bulls, You Can’t Ignore Labor Market Fragility Forever

June 4, 2020 boss

Weekly jobless claims declined to 1.877 million on Thursday, while continuing claims jumped to 21.5 million. Jim Bianco says the narrative stock market bulls have been using to explain away ugly labor market data doesn’t hold up anymore. He says these new job losses aren’t temporary layoffs – they’re going to stick. For 11 consecutive weeks, the U.S. labor market has recorded initial jobless claims figures that absolutely dwarf anything the economy has ever seen. And for 11 consecutive weeks, the stock market has greeted the data with little more…

Micree Zhan Reportedly Used Private Guards to Physically Take Over Bitmain

June 4, 2020 boss

The power struggle inside Bitmain appears to have greatly intensified between June 3 and 4, as reports circulated that Micree Zhan hired guards to take over the company’s Beijing office. According to Chinese publication BlockBeats, former CEO Micree Zhan led a team of “Bao Ans,” or private guards, to physically take over Bitmain’s office in Beijing on June 3. The report includes a video, which has been picked up by several official Chinese media channels. The next day, an open letter from Zhan began to circulate in Chinese social media.…

Millennials Bet on Continued FOMO Rally as Billionaires Pull Out of the Stock Market

June 4, 2020 boss

Millennials are using their age to their advantage with bullish bets on the stock market. Wall Street’s billionaires are more cautious about the strength of the FOMO rally. Much of what happens next depends on whether the stimulus funds keep flowing. The stock market’s epic rally over the past two months has created a debate between Wall Street’s heavyweights and an unlikely army of millennials. Younger traders are piling into equities, betting that the U.S. economy is heading for a sharp recovery that will eventually support the market’s ballooning valuation.…

You’ve Gotta Listen Closely to The Last of Us Part II’s Newest Controversy

June 4, 2020 boss

Singer-songwriter Lotte Kestner has accused Naughty Dog of copying her music in The Last of Us Part II trailer. The song in question is a cover of New Order song True Faith released in 1987 to which Kestner added parts absent from the original. The similarities between the songs have reportedly led fans to confuse the two. There’s new trouble brewing for Naughty Dog’s highly-anticipated upcoming The Last of Us Part II. Singer-songwriter Lotte Kestner claims that the music in Naughty Dog’s most recent trailer for the game bears an…

Blockchain Gamers Earned $20M in Their First Year

June 4, 2020 boss

New research compares how much gamers and game developers made in the year following the launches of some of the most popular blockchain-based games. According to data from Flipside Crypto, the overwhelming majority of revenue was earned by just one, very famous, game. Revenue Earned By Blockchain Gamers & Gaming Companie Cat breeding is very lucrative No one could have envisioned that cat breeding could become such a lucrative business. CryptoKitties generated $27 million in revenue in the first year with $7 million going to the company and $20 million…