September 30, 2020

Prince Harry Won’t Lose Royal Title Over a Netflix Deal, So Quit It

September 30, 2020 boss

Prince Harry and Meghan Markle’s Netflix deal continues to have people in an uproar. A “former minister” named Norman Baker is leading the charge to have the Duke of Sussex stripped of his royal title. These calls are getting more and more ridiculous — and sound more like sour grapes than anything else. If you believe the old royal loyalists, Prince Harry should have gotten his title stripped a long time ago. After all, how dare he make his own money in a Netflix deal after all but being kicked out of…

JPM Shares Down 1% as JPMorgan Agrees to Pay $920M in Settlement

September 30, 2020 boss

The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday. The shares of investment banking giant JPMorgan Chase & Co (NYSE: JPM) dipped on Tuesday following reports that the firm will be paying about $920 million in settlement to clear off its market manipulation or ‘spoofing’ charges levied by the Commodity Futures Trading Commission (CFTC). Per the official release from the CFTC, the JPM settlement became necessary as the firm and its subsidiaries including JPMorgan Chase Bank, N.A., and J.P.…

Bitcoin exchange reserves down $5B in 2020 hints at whale accumulation

September 30, 2020 boss

The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating. According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion. Bitcoin reserves on all exchanges throughout the past year. Source: CryptoQuant There is a clear decrease in selling pressure from whales and retail investors The reserves of exchanges increase when investors deposit Bitcoin. Typically, deposits or inflows…

Government investment firm develops blockchain health passport in Singapore

September 30, 2020 boss

In a pandemic era of unprecedented health data collection and surveillance, Singapore is turning to blockchain technology for the infrastructure that can make it work. Government-owned investment firm SGInnovate and Singaporean startup Accredify have jointly developed a new blockchain-powered digital health passport, according to a report on Sept. 30. Development work on the application, which allows personal medical data to be stored in a blockchain-secured digital wallet, began in May. A successful pilot in July showed that the app was capable of managing and verifying digitized healthcare documents — including…

Dock Announces Mainnet Launch | Press release Bitcoin News

September 30, 2020 boss

Switzerland. September 30, 2020. Dock is pleased to announce the launch of its much-anticipated blockchain mainnet. The mainnet is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform. Dock seeks to solve the most difficult issues that face the credential industry today. Currently, most companies rely on centralized platforms that hoard data or issue digital credentials that are easy to forge. Dock was specifically built for this purpose of enabling organizations to create verifiable credentials on a…

Chainlink (LINK) Bulls Facing Uphill Task: Here’s Why $11 Holds The Key

September 30, 2020 boss

Chainlink (LINK) started a strong upward move from the $7.32 low against the US Dollar. The bulls are now facing a strong resistance near $10.50, $11.00, and the 100 SMA (H4). Chainlink token price gained nicely above the $8.50 and $9.00 resistance levels against the US dollar. The price is now facing hurdles near the $10.50 resistance and the 100 simple moving average (4-hours). There is a key bullish flag forming with resistance near $10.45 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The pair could…

Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

September 30, 2020 boss

This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey published a new report that discusses Ethereum’s defi evolution and the growth the blockchain has seen this year. However, with the new demand Coin Metrics highlights that ETH fees have “changed dramatically” and the authors…

JPMorgan Expects S&P 500 to Rise 10% over Next Year

September 30, 2020 boss

JPMorgan thinks that the benchmark index is well poised for the next surge looking at the monetary support from the Fed. JPMorgan strategist asked investors to look at businesses whose stocks move in economic cycles. If you a stock market investor, it’s not the right time to book profits as per JPMorgan Chase & Co (NYSE: JPM). On Tuesday, September 29, the Wall Street banking giant JPMorgan stated that the S&P 500 (INDEXSP: .INX) can rise up to 10% by the next year. With hefty monetary support, the recovery for…

Reddit’s MOON token has a $2.64 septillion market cap

September 30, 2020 boss

In defiance of Reddit’s apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit announced it would begin distributing ERC-20 rewards tokens on the Rinkeby testnet among users of its cryptocurrency and Fortnite subcommunities in the form of ‘MOONs’ and ‘BRICKs.’ The tokens are distributed according to a user’s contributions to the respective subreddits. xMOON pairings appeared on xDai network exchange Honeyswap last week after Reddit introduced a feature…