June 2020

“Scary” Fractal: It’s Only a Matter of Time Before Bitcoin Trades at $14,000 Again

June 7, 2020 boss

Bitcoin’s recent price action has seen it fail time and time again to break into the $10,000s. Just recently, the cryptocurrency dove 4% yet again, falling from the high-$9,000s to $9,400. It’s consolidation under a key resistance that has had some analysts skeptical that Bitcoin will continue even higher. Yet an eerily accurate analyst suggested that there’s a “scary” fractal predicting BTC trades at $14,000 in the coming six weeks. Related Reading: Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish Bitcoin Is Poised to Break Higher:…

Trump Is Giving Warren Buffett Investing Advice – But He Shouldn’t

June 7, 2020 boss

Donald Trump said that Warren Buffett’s decision to sell U.S. airline stocks was a mistake. U.S. airline stocks rose sharply Friday after a shockingly positive jobs report fueled investors’ optimism. But the airline industry could take many years to recover as there will be fewer passengers flying. During a White House address on the economy, President Donald Trump criticized Warren Buffett, one of the world’s greatest investors, for selling airline stocks. Trump Thinks Buffett Made A Mistake Trump criticized Buffett on the heels of a record jobs report. The Bureau…

Opportunities for Blockchain-Based Technologies in African Healthcare

June 7, 2020 boss

One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols and standardization are the ideal medium for exchanging information. That transmissibility of information has not translated well to specific industries, however. Regulatory moats, cumbersome and outdated database architecture, and poorly designed user interfaces are a hindrance to major industries — particularly healthcare. Even in the United States, where healthcare standards are high, onerous regulatory…

The Stock Market’s Biggest Gains Always Happen at the Same Time Each Day

June 7, 2020 boss

For more than 20 years, the stock market has made its most significant gains at the same time: overnight. After-hours trading for the S&P 500 has generated almost 600% while intraday gains are flat since 1993. The phenomenon has been even more pronounced since the great March 2020 selloff. Timing is everything in the stock market. Buying at the wrong moment is the difference between making money and getting burned. So, what if you knew exactly when all the biggest gains happened almost every single day? Well, we can’t be…

First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

June 7, 2020 boss

A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank, the first Turkish bank to join R3’s Corda platform earlier this year, now became the first bank in Turkey to use blockchain technology on trade finance transactions, Cointelegraph Turkey reported on Jun. 5. Using Corda blockchain technology, İşbank and Commerzbank secured payments by digitally processing the related data transfer. The transaction took place on 27 May 2020 between İşbank, Şişecam,…

Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition

June 7, 2020 boss

The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once again. Moreover, Glassnode statistics show that blocks are being produced at a faster rate and at the highest levels since July 2019. According to the Bitcoin (BTC) research and analysis firm, Glassnode, blocks are being produced at a higher level than before and at a level…

40% of New Fintech Firms in Hong Kong Operate With Blockchain

June 7, 2020 boss

Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT. According to Hong Kong’s Financial Services and Treasury Bureau, DLT represents an increasingly dominant share of the country’s new fintech firms year-over-year, up from 27% as of 2018. Blockchain drives big businesses in Hong Kong A June 1 report published by Hong Kong’s treasury department has provided a detailed snapshot of blockchain’s accelerating growth within the territory. Blockchain comprises the…