June 8, 2020

Analyst Predicts Next Bull Run Will Send Bitcoin to $150K and Ether to $9K

June 8, 2020 boss

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000. In a tweet on Thursday, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action. No return to the cryptomania of 2017 Bitcoin’s dizzying ascent to its current all-time high of almost $20,000 in December 2017 came complete with a media frenzy around all things crypto. Coupled with a boom in initial…

New Report Sees Blockchain as Possible Cure for Labor Market Woes

June 8, 2020 boss

A new report from the American Council on Education argues that blockchain technology can help to restore individuals’ control over their credentials and better equip them in an increasingly insecure global labor market. Funded by the United States Department of Education, the report was published June 8, drawing its conclusions based upon research conducted from November 2019 through February 2020. Even prior to the COVID-19 pandemic, its authors note that as of December 2019, data from the Federal Reserve indicated that four in 10 recent college graduates were underemployed and…

Bitcoin Creator Satoshi Nakamoto May Be Ally of Pablo Escobar

June 8, 2020 boss

Yasutaka Nakamoto is an engineer who is known as an ally of Colombian drug lord Pablo Escobar. Now he is believed to be a Bitcoin creator. There are even some facts that may prove this claim One of the most interesting topics that linger in the world of cryptocurrencies is the identity of the man who created Bitcoin (BTC), the world’s first and biggest cryptocurrency. Since Bitcoin emergence in 2009, the identity of its creator(s) was generally known as Satoshi Nakamoto. A lot has been implied about the identity of…

5 Things to Watch for Bitcoin This Week

June 8, 2020 boss

Bitcoin (BTC) began a new week less than $500 away from $10,000, but sudden volatility remains — what should you look out for in the coming days? Cointelegraph presents a weekly roundup of the major factors set to influence BTC/USD price action this week. Stocks rise but suspicions remain Macro markets look set to continue an optimistic uptrend despite the chaos encircling the United States. The S&P 500 was solid pre-trading on Monday, buoyed by the curious combination of the U.S. economy reopening but mass protests continuing throughout the country. …

Bitcoin, Ether, and XRP Weekly Market Update June 8, 2020

June 8, 2020 boss

The total crypto market cap added $7.2 billion to its value for the last seven days and now stands at $276.8 billion. The top 10 currencies are all in green for the same time period with Cardano (ADA) and Bitcoin Cash (BCH) being the best performers with 15.7 and 6.3 percent of increase respectively. By the time of writing Bitcoin (BTC) is trading at $9,746 while Ether (ETH) climbed up to $244. Ripple’s XRP hovers around $0.203. BTC/USD Bitcoin fell below the horizontal support area around $9,500-$9,600 on Sunday, May…

Ethereum Defies Gravity But Here’s Why It Must Break $250 For Fresh Rally

June 8, 2020 boss

Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250. Ethereum is trading well above the $240 support and the 100 hourly simple moving average. The price must surpass the $245 and $250 resistance levels to continue higher. There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip in…

Stock Market Bears Sweat Because This V-Shaped Recovery is No Myth

June 8, 2020 boss

The U.S. stock market is nearing its record high as retail investors show no signs of pulling back. Stocks bull Edward Yardeni says a V-Shape recovery is in the works. Investors are showing more confidence in stocks as the economy reopens. The U.S. stock market is nearing its all-time high as investors dismiss stark warnings from billionaires. “Too many people” expect a V-shape recovery, billionaire Sam Zell said last month. He was one of many billionaires who suggested the U.S. economy is permanently damaged from the pandemic. But, stock market…

Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain

June 8, 2020 boss

China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs. An asset-backed commercial paper is a short-term investment issued by financial institutions to help companies meet short-term goals. Dubbed “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” the period of the Lianxin ABCP is six months and the span of the next issuance is yet to be specified. An official of the…