June 2020

Overstock’s ‘Digital Dividend’ Dominates Security Token Rankings

June 8, 2020 boss

Since airdropping to Overstock shareholders on May 19, Overstock’s OSTKO token has firmly established itself as the leading security token by trade volume. OSTKO currently posts double the 24-hour trade of volume of the former-top token by volume, also ranking as the most-traded security token for the May despite its airdrop taking place with less than two weeks left in the month. Thus far, the digital dividend appears to have successfully met Overstock’s goals. The firm asserted that the airdrop would provide a boost to the liquidity of its security…

Bitcoin Investors in Disbelief as the Uptrend Seems Ready to Resume

June 8, 2020 boss

The infamous $10,000 resistance level has proven to be a significant obstacle for Bitcoin to overcome. From a technical perspective, this barrier is part of a descending trendline that can be drawn from each major peak since the December 2017 all-time high of nearly $20,000. These include the late June 2019 peak of $14,000, the mid-July 2019 high of $13,200, the early August 2019 spike of $12,300, and the mid-February 2020 high of $10,500. Bitcoin Faces Strong Multi-Year Resistance Ahead. (Source: TradingView) Now that the flagship cryptocurrency is once again…

Daily Network Fees on Ethereum Reached $500,000, Leaving Bitcoin Way Behind

June 8, 2020 boss

The daily network fees on the Ethereum network have reached almost $500,000 on Jun. 7 for the fourth time in the network’s history. The huge uptick in-network fees now mean that Ethereum has surpassed Bitcoin, whose network fees on the same date reached only $308,000. Ethereum Miners Earned $200,000 More Than Bitcoin Miners The Ethereum network had a pretty good day yesterday, both in terms of network activity and network fees. According to the latest data from cryptocurrency analytics company Glassnode, the daily network fees on Ethereum surpassed those on…

Bitcoin Price $75K ‘Within Weeks’? Recovery Mimics 2013 700% Bull Run

June 8, 2020 boss

Bitcoin (BTC) is looking like it will hit $75,000 — and that could happen “within weeks,” one analyst has found. Uploading a fresh BTC/USD price chart to Twitter on June 7, Cane Island Alternative Advisors’ Timothy Peterson unearthed an uncanny similarity to Bitcoin in 2013. Peterson eyes “almost perfect” 2013 correlation Tracking Bitcoin’s price recovery from its lows of $3,600 in mid-March, Peterson noted that its recovery almost exactly tracked price action from seven years ago. The result, he argued, could keep up the copycat move — BTC topped out…

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

June 8, 2020 boss

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cryptox spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

June 8, 2020 boss

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cointelegraph spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Lisk, aelf, Chainlink Top GitHub Activity Chart Surpassing Bitcoin, Ethereum, EOS

June 8, 2020 boss

Open source projects depend on the public for source code improvement and maintenance. Since there is no consensus on digital asset valuation, the number of commits submitted to GitHub can be used to gauge ecosystem activity. Lisk, aelf, and Chainlink, respectively, are now the top three most active projects ranked by the number of submitted commits over the last 12 months according to data provided by CryptoMiso, June 8, 2020. Lisk Tops the Github Developer Activity Chart CryptoMiso ranks blockchain projects according to their developer activity. Herein, “activity” is defined…

Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain

June 8, 2020 boss

The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, announced that it used blockchain technology to deposit funds to local banks. An official statement published by SAMA said that the funds were a part of the bank’s initiative to enhance its “capabilities to continue its role in providing credit facilities.” The bank did not specify the exact amount of the fund transfer. SAMA’s involvement with blockchain technology The Middle East is seeing widespread adoption of blockchain technology in the finance sector. SAMA has performed enormously in terms of using…