Day: August 25, 2020

Aaliyah’s Legacy Is Being Tainted and Fans Fear She’ll Be Forgotten

boss

Today is the 19 anniversary of R&B artist Aaliyah’s death. Fans fear that not being able to stream all of her music puts her legacy at risk. Aaliyah’s estate released an update on their plans for her music catalog. Fans continue their fight for Aaliyah’s legacy on the 19 anniversary of her tragic death as many fear she’ll soon be forgotten. Despite releasing three records in her lifetime, only songs from “Age Ain’t Nothing but a Number” are available on streaming services. The controversial album was recorded with Jive Records…

J.P. Morgan’s Blockchain Quorum Acquired by ConsenSys, Taking Enterprise Ethereum to the Next Level

boss

Ethereum-based software developer ConsenSys has acquired J.P. Morgan’s blockchain platform—Quorum. J.P. Morgan’s Quorum blockchain was built on the Ethereum network and was issued by J.P. Morgan to run a payments network involving more than 300 banks. J.P. Morgan also made a strategic investment in ConsenSys to “support its mission to help developers build next-generation networks and enable enterprises to launch more powerful financial infrastructure.” JPM Coin, a digital asset created by J.P. Morgan was also built on Quorum’s digital infrastructure. Earlier this year, there were reports that J.P. Morgan was…

Bitcoin price drop below key support may trigger CME gap fill at $9.7K

boss

The price of Bitcoin (BTC) abruptly fell from $11,823 to $11,102 in the last 48 hours. While on a macro level the digital asset remains in an uptrend, there appear to be three key factors behind the pullback. XBT-USD 1 week chart. Source: TradingView.com The presence of a crucial resistance level at $12,000, several whales taking profit, and a retest of a major support area likely catalyzed the drop. Bitcoin struggles at the $11,800 – $12,500 resistance zone Since the first week of August, Bitcoin has attempted to breach the…

Bitcoin ‘maximalists’ accused of ‘shilling’ an SEC-cleared token

boss

On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing “regulated digital asset opportunities to institutions and retail investors”.  The following day, several crypto influencers tweeted what appeared to be promotional statements about the company and its token. Stefan Jespers, known as WhalePanda on Twitter, compared the INX token to Binance’s BNB: Source: Twitter. A similar sentiment was voiced by Jameson Lopp, the CTO of Casa and a self-proclaimed cypherpunk: Both Jespers and Lopp are considered…

Jack Ma’s Ant Group Files for a Big Dual IPO in Hong Kong and Shanghai

boss

CICC, Citigroup, JPMorgan, and Morgan Stanley will be advisers on the Hong Kong Ant Group’s listing plan, while CICC and CSC Financial will underwrite the Shanghai leg of the IPO. China’s largest fintech company Ant Group, formerly known as Ant Financial Services Group or Alipay, is planning to go public. On Tuesday, Ant Group filed for an Initial Public Offering (IPO) in Hong Kong and Shanghai. The company is targeting to raise as much as $30 billion and use the funds for expansion. The dual listing may become the largest…

Ethereum is About to Confirm a Highly Bearish Pattern; Analysts Target $320

boss

Ethereum has been trading in close tandem with Bitcoin in recent weeks, but this correlation showed some signs of degrading just a couple of days ago when the cryptocurrency rallied to highs of $410 while BTC remained stuck below $12,000. This rally proved to be fleeting, however, as it was quickly followed by a massive influx of selling pressure that has since led it to decline below $390. ETH is now showing some overt signs of weakness as its upwards momentum continues faltering. This rocky price action has resulted in…

A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19

boss

According to Asia Kyungjae, at least 44 employees of an unnamed South Korean Blockchain company recently tested positive for COVID-19. The employees have since been quarantined. The report states that the company is based in the southern Gwanak District of Seoul; a well-known hub for large tech companies. Some are concerned that this newly discovered hotspot could lead to a fresh wave of coronavirus patients in the country. We previously reported that Jeju Island, a tourism-heavy island in South Korea, now requires all visitors to use a Blockchain-based app to…

Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High

boss

Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,786. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Aug. 23.Source: TradingView Read More: ‘Bitcoin Rich List’ Reaches All-Time High Bitcoin’s price declined to as low as $11,102 on spot exchanges such as Coinbase Tuesday, wiping out long derivatives traders on BitMEX.…

US Rep. Darren Soto is excited about the recent USPS blockchain voting patent

boss

The United States Postal Service, or USPS, recently filed a patent for a mail-in voting system that utilizes Blockchain and other technologies for verification. Responding to an inquiry from Cointelegraph, U.S. Representative for Florida’s 9th district, Darren Soto, voiced his excitement about this prospective development. “I think it’s a great idea,” Soto told Cointelegraph. “I’m real excited that the post office is working on this issue,” he explained. “It’s something that was a pleasant surprise for many in congress,” the congressman added, noting the necessity of patent filing in line…

Polkadot’s DOT Token Enters Top 10 Cryptocurrencies by Market Cap

boss

Polkadot achieving top 10 status right out of the gate is an impressive feat, and there’s plenty of room for growth given the number of projects currently building on a network that aims to bridge assets, enhance voting systems, and permit cross-chain conversation. DOT, the native token of interoperable blockchain network Polkadot, has bulldozed its way into the top 10 coins by market capitalization. The token, which underwent a referendum-mandated x100 redenomination on August 21, occupies seventh spot at the time of writing, sandwiched between long-established cryptos such as Bitcoin…