Day: August 28, 2020

Bitcoin Investors “Fade the Fed” as BTC Pumps and Dumps Following Powell Speech

boss

Bitcoin saw some immense turbulence earlier today that came about due to news regarding the Federal Reserve’s intention to anchor interest rates near zero while they allow inflation to run high in the near-term to support the economy. This instantly led macro assets like Bitcoin, gold, and other safe havens to rally, with BTC’s price surging from lows of $11,200 to highs of $11,600. As soon as it tapped these highs, however, the cryptocurrency plunged back down to its recent lows, signaling that investors aren’t too enthusiastic about the short-term…

Why Whiskey Becoming “Liquid Gold” Highlights Bitcoin’s True Value

boss

In a bizarre twist, investors hoarding rare casks of whisky highlights exactly why Bitcoin is among the most valuable assets to ever exist. But why are so many turning to gold, whisky, and Bitcoin even amidst such economic uncertainty? Supply And Demand Dynamics Make Rare Whisky A Hedge Against Inflation Some people enjoy the finer things in life: cars, cigars, watches, jewelry, and a good Scotch every now and again. Each cask of whisky is unique, aged to perfection, picking up flavors of the cask itself, and retaining certain characteristics…

US warns of resurgence of North Korea’s BeagleBoyz hacking gang

boss

A group of North Korean hackers is engaged in a massive campaign targeting U.S. financial institutions and cryptocurrency exchanges around the world — with US authorities warning of the high level of threat it poses to the country. According to an alert issued by the U.S. Department of Homeland Security (DHS), agencies including the FBI, the U.S. Cyber Command, and the Department of the Treasury are moinotiring the resurgence of the North Korea-sponsored hacking group, BeagleBoyz. The hackers have not been as active in the last few years as the…

Telos will tokenize $35 million of Croatian seafront real estate

boss

Telos has announced that it would be working with Dapp development platform Katalyo to tokenize $35M worth of Croatian properties. Telos — one of the most active blockchains in the world in terms of transactions — said Katalyo would be issuing two tokens for each participating seaside property. One token would represent ownership of the real estate, and the second would be a fiat-based stablecoin generated from rental revenue. Katalyo co-founder Ivica Ljubicic called Telos “extremely well-suited” for tokenizing properties and the switch to blockchain could help bring investors to…

Here’s Why XRP Could Soon Jump to the Upside After 20% Drop

boss

Like Bitcoin, XRP has faced a strong pullback over the past few days after peaking last week. As of this article’s writing, the leading altcoin is down 5% in the past 24 hours. XRP now trades for $0.265, which is below a number of pivotal technical resistances in the near term. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop XRP Could Soon Reverse Higher According to the Tom Demark Sequential, XRP will soon see a reversal to the upside. The technical indicator recently formed a…

Ethereum Reaches a “Do or Die” Range Following Harsh Rejection at $396

boss

Ethereum’s price saw a rapid surge earlier this morning that sent it to highs of $396 before it faced a massive influx of selling pressure that caused it to nearly instantly reverse all of its recent gains. This movement came about in tandem with a similar one seen by Bitcoin, which was able to push as high as $11,600 before it lost its strength and plunged lower. ETH now appears to be at a make or break level as it trades just below a crucial resistance level and above key…