Day: February 8, 2020

All Eyes On $10,000: Can Bitcoin Break Past This Key Level?

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Just 30 or so minutes ago, Bitcoin made an attempt at $10,000, breaking past $9,900 for the first time in about forever to jump as high as $9,950. The price spike, unfortunately for bulls, fell short of the ever-so-important five digits. Though, the price of BTC is not done yet, with the price falling only to $9,890 as of the time of this article’s writing, suggesting that crypto bulls may soon again attempt to catapult Bitcoin over $10,000. The question is: will it happen? A number of analysts have recently…

FAANG Stocks Provide a Better Risk-Adjusted Performance Than Bitcoin

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Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto asset, the bigger increase in market value. Further reports have suggested that these companies intend to launch their coins after Facebook’s Libra introduction to the…

Sonic The Hedgehog Merch Is About to Get Insane

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Puma and Sega have teamed up to produce some pretty decent-looking Sonic the Hedgehog merch. This sort of crossover merchandising is pretty common among popular brands. With the Sonic movie on its way, we can probably expect even more merch from Sega. Another day, another exploitative brand crossover. This time it’s Puma and Sonic the Hedgehog going behind the bike sheds to make out. There are sneakers, backpacks, t-shirts, and all of it is needlessly expensive. In all honesty, this isn’t all that bad. It’s not as insane as the…

Bitcoin’s Fundamentals Grow Bullish as the Crypto Nears Major Bull Territory

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Last updated:February 19, 2020 Bitcoin’s intense 2020 uptrend has led the cryptocurrency to rally up towards $10,000, with the price region lying directly below this critical price level appearing to be a heavy resistance region. It is important to note that the resistance at this level, however, has not been enough to catalyze any type of sharp selloff, but it has been enough to slow the cryptocurrency’s momentum. In the near-term, it does appear to be highly likely that Bitcoin sees some further bullish continuation, as the crypto’s fundamentals are…

Is There Any Truth to the Tesla-Bitcoin Parallels?

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Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020, a new narrative has emerged: Tesla stock is—apparently—the new bitcoin. But is there any truth to this beyond a trivial analytic link? The chronicle of Tesla’s price surge—and its kinship to BTC—is being picked apart by nearly every analyst of late. One of the most recent speculators to highlight the quasi-relationship is Bloomberg Intelligence analyst Mike McGlone. Speaking…

Sony Exec Shuhei Yoshida Trolls Keen PlayStation 5 Fan

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Shuhei Yoshida trolled a PS5 fan on Twitter. He jokingly suggested Feb. 20 as the date for a reveal event. Sony is clearly aware of the demand for information among the PlayStation community. A Sony exec is not content with watching keen armchair sleuths working themselves up with ever more fanciful theories about when a PlayStation 5 reveal event might or might not happen. So, he is now actively trolling fans. Trolling Shuhei Ex-president of Sony Interactive Entertainment turned head of SIE’s independent developer initiative, Shuhei Yoshida took part in…

Jeff Bezos’ Next Conquest: The WWE?

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As strange as it sounds, a WWE purchase would make a lot of sense for Amazon. The content would have synergies with Amazon’s Prime Video service and would help it compete with rivals such as Netflix and Disney. The post Jeff Bezos’ Next Conquest: The WWE? appeared first on CCN.com Source

Blockchain Project Cashaa Protecting Crypto Companies to Survive Fifth Money Laundering Directive and New FCA Rules in 2020

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Sharing is caring! Early Blockchain and Crypto project Cashaa, has launched a new “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and the EU Fifth Money Laundering Directive (5AMLD). “We have put our experience of dealing with hundreds of crypto businesses and extended our capabilities through technology to our customers to give them the freedom to innovate with minimum worrying about the new FCA rules or 5AMLD,” said Kumar Gaurav, CEO Cashaa. In 2020, both the UK and the…

Medievil 2 Remake Sounds Great But Here Are Far Better PlayStation 1 Classics

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Medievil might not have sold too well, but the game’s sequel appears to be getting a remake. Some cryptic tweets from the game’s composer have got people saying the sequel is coming. As good as Medievil 2 was, there are many games out there more deserving. Here are just 3 of them. MediEvil was a classic PS1 game, and it got a somewhat decent remake. But, it did not sell as well as the other PS1 remakes of the past few years. So you might imagine some people’s shock that…

BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin

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Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%.  Crypto market daily performance. Source: Coin360 Bitcoin SV breaks out of downtrend BSV USD 1-day chart. Source: TradingView The USD chart of Bitcoin SV is showing an impressive breakout from the downtrend, which made the coin surge…