Day: February 10, 2020

Dow Rallies on Fed Liquidity as Bulls Ignore ‘FOMO Bubble’ Warnings

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The U.S. stock market rose on Monday. Dow bulls pushed the index more than 100 points higher despite a rally in safe-haven assets. Nordea & Allianz both see a FOMO bubble forming from Fed intervention. The Dow Jones reversed early losses on Monday, grinding a step closer to 30,000 despite a spate of alarming coronavirus headlines. But as the overall U.S. stock market ignores the epidemic, which has now killed 910 people, investor nerves may be showing. Haven assets are rallying, and talk of a “FOMO bubble” continues to gather…

Crude Oil Crashes to 13-Month Low Amid Devastating Supply Shock

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U.S. crude futures slide below $50 a barrel for the second time this month. Chinese energy demand is said to be plunging in the wake of the coronavirus outbreak. Russia and Saudi Arabia are at odds about production cuts, which threatens to undermine Moscow’s testy relations with OPEC. Crude prices nosedived on Monday, as the rapidly spreading coronavirus dampened the demand outlook for oil’s biggest consumer market. Russia and Saudi Arabia are reportedly at odds over how to adjust supplies in the wake of the negative demand shock. Oil Prices…

The SEC’s Safe Harbor Proposal With CoinList CEO Andy Bromberg

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Will a newly proposed “safe harbor” transform the U.S. regulatory landscape for token projects? CoinList CEO Andy Bromberg discusses. Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a three-year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law so long as they achieve certain standards of decentralization in that time. CoinList is a platform for compliant token sales. On this episode of The Breakdown, CoinList CEO Andy Bromberg and @nlw discuss: Disclosure Read More The leader in…

The Fate of Future Innovation in India

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India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives gaining ground across the country. On the other hand, the Reserve Bank of India issued a de facto ban on cryptocurrencies when it prohibited banks from conducting any transactions or dealings involving digital assets and related services in 2018.  Related: Cryptocurrency Regulation: An Indian Perspective Grappling for legitimacy This measure came as a huge blow to the country’s…

Ethereum Classic Jumps Into DeFi With Fantom Partnership, But Only as Collateral

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ETC Labs and Fantom Foundation are collaborating to bring decentralized finance (DeFi) to Fantom’s ecosystem, a Feb. 10 press release announced. Ethereum Classic (ETC) will serve as collateral for issuing a stablecoin similar to Maker’s DAI on the Fantom platform. Fantom will be using the Xar Network, a DeFi framework specifically developed for the project. The framework uses some of Fantom’s Byzantine Fault Tolerant (BFT) consensus technologies, such as Lachesis and TxFlow, to offer a blockchain environment that supports advanced DeFi options. The system allows collateralized loans, synthetic assets, atomic…

BioWare Is Planning a Bold No Man’s Sky-Style Overhaul of Anthem

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BioWare is planning a major overhaul of Anthem. The core gameplay loop will be reinvented. The aim is to tap into the “full potential” of the game. BioWare announced today that it is planning a substantial revamp of its maligned action-RPG, Anthem. In a statement published today, the developer admitted that Anthem had fallen short of expectations. BioWare confessed that successive content updates had failed to respond to criticism from the player base and gaming community at large. Over the last year, the team has worked hard to improve stability,…

Price Analysis Feb 10: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

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The bulls are not waiting for a deeper correction before buying, which shows that the momentum remains strong and the uptrend intact. A report by investment management firm VanEck shows that Bitcoin can greatly improve the “risk and return reward profile of institutional investment portfolios.” The research shows that even a small allocation to Bitcoin in a portfolio mix of 60% equity and 40% bonds enhanced the cumulative return.  The best portfolio return was seen with an investment of 3% in Bitcoin, 58.5% in equity and 38.5% in bonds. When…

Bitcoin (BTC) Soars to 4-Month High, Crosses $10K Mark

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At this time last year, Bitcoin was in the middle of a rollicking rally, and the situation seems to have panned out in the same way in 2020. In a development that will come as a big boost for those who have invested in the world’s biggest cryptocurrency, BTC reached its highest level since October on February 9. The token is back above the level of $10,000, and it remains to be seen if it can go on a similar rally like last year. It should be noted that $10,000…

BTS’ Creative Freedom Has Finally Been Unleashed

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BTS released concept shots for their upcoming album. Titled “Map of the Soul 7,” it promises to be the most thrilling album from the South Korean pop group yet. Even non-BTS fans have to admit that. It’s easy to see why BTS became an international phenomenon, but the group is not to everyone’s taste. Which is fine. But even if you’re not into the band’s poppy antics, you might enjoy some of the artists’ solo work. If so, you should definitely give Map of the Soul 7 a chance. It…

BTS’ Creative Freedom Has Finally Been Unleashed

boss

BTS released concept shots for their upcoming album. Titled “Map of the Soul 7,” it promises to be the most thrilling album from the South Korean pop group yet. Even non-BTS fans have to admit that. It’s easy to see why BTS became an international phenomenon, but the group is not to everyone’s taste. Which is fine. But even if you’re not into the band’s poppy antics, you might enjoy some of the artists’ solo work. If so, you should definitely give Map of the Soul 7 a chance. It…