Day: February 10, 2020

Bitcoin Price Drops Below $10,000 after Yesterday’s High of $10,200 

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Bitcoin (BTC) price has slipped below $10,000 in the early Asian trading hours to trade above last week’s resistance zone after reaching $10,200 over the weekend.  Bitcoin price has dropped below the long-awaited $10,000 price tag after hitting $10, 200 yesterday. Checking the BTC derivative chart, the market opened with a huge gap as a result of the high trade volume over the weekend.  Using technical analysis, whenever there is a market gap in the derivative market chart, it is bound to be filled sooner than later. This can give…

Bitcoin, Ether, and XRP Weekly Market Update February 10, 2020

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The total crypto market cap added $25.6 billion to its value for the last seven days and now stands at $287.4 billion. The top 10 currencies are all in green for the same time frame with Binance Coin (BNB) and Bitcoin SV (BSV) leading the pack with 29.3 and 22.8 percent of gains respectively. By the time of writing, Bitcoin (BTC) is trading at $9,895 while Ether (ETH) moved up to $222. Ripple’s XRP is trading at $0.274. BTC/USD Bitcoin ended January with a 30 percent of a price increase…

Australian Government Eyes Business Benefits in New National Blockchain Roadmap

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The Australian government recently unveiled plans to ramp up innovation through blockchain technology with an updated national roadmap, released Feb. 7. The Ministry for Industry, Science, Energy and Resources has formulated a new national strategy aimed to capture the potential value generated via business-related blockchain activity, with a particular focus on supporting global supply chain management systems and tracking. The 52-page roadmap focuses on three main areas including “regulation and standards,” “skills, capability and innovation” and “international investment and collaboration.” The plan comes as a revision to March 2019’s blockchain…

Japanese Official Calls for Urgent Development of Digital Yen to Counter China

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Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years. Reuters reported on Feb. 10 that Yamamoto said that plans for its central bank digital currency (CBDC) should be included in the government’s mid-year policy guidelines. He explained that digital currencies could quickly spread in emerging economies and help China — who is working…

A Tale of Feuding Siblings: Online & Physical Retail

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Since the dawn of the internet, e-commerce has become one of the fastest growing sectors of the global economy. In a wildly transformative era, technological innovation has barely glanced at physical retail, leaving one of the most valuable sectors in the world years behind the rest.   Retail Gaps  The retail sector has been split between online and instore retail and these areas do not see eye to eye. While online retail has been doing great over the last 5-6 years, the physical retail market has been on the decline. Recent…

Sci-Fi Horror ‘System Shock 3’ Is Basically Dead – and That Sucks

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System Shock 3 was a game being worked on by OtherSide Entertainment. An anonymous source has claimed that the entire content team behind the game is no longer employed. If that’s true, the game is dead and probably won’t be coming back any time soon. System Shock 2 is a great game. While the first title may not have aged as well, it is still a classic. It’s a sad day when we get the news that the long-awaited sequel, System Shock 3, is practically dead in the water. The…

Sci-Fi Horror ‘System Shock 3’ Is Basically Dead – and That Sucks

boss

System Shock 3 was a game being worked on by OtherSide Entertainment. An anonymous source has claimed that the entire content team behind the game is no longer employed. If that’s true, the game is dead and probably won’t be coming back any time soon. System Shock 2 is a great game. While the first title may not have aged as well, it is still a classic. It’s a sad day when we get the news that the long-awaited sequel, System Shock 3, is practically dead in the water. The…

OKEx’ OKB Utility Token Registers 25% Growth in Jan 2020

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OKB, the utility token issued by the cryptocurrency exchange and trading giant OKEx has been a positive performer in the last month. A latest monthly report for the global utility token shows that OKB appreciated by 24.9% during January 2020 to be valued at 3.26 USDT from the previous value of 2.61 USDT. The rising value of OKB doesn’t come as a surprise as the platform is constantly working on upgrading its underlying infrastructure, while the OKEx ecosystem continues to update its offerings. Some of the considerable developments in the…

Bitcoin Drops $300 in Seconds Under $10K as ‘Mild Dip’ Fills CME Gap

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Bitcoin (BTC) fell below $10,000 on Feb. 10 as sudden volatility saw markets abandon five figures just a day after reaching them. Data from Coin360 and Cointelegraph Markets showed BTC/USD dipping to lows of $9,850 at press time, followed by a bounce-back up to $10,000 and subsequent fluctuation in the upper $9,900 range. Bitcoin 1-day price chart. Source: Coin360 “Mild” dip fills CME futures gap The move coincided with the start of a fresh week of trading on futures markets, with Bitcoin filling a “gap” left at the end of…

Coronavirus Threat Set to Trigger a Massive U.S. Housing Market Crash

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The U.S. housing market’s good days could come to an end thanks to coronavirus. Chinese investors have played a key role in propping up the market. They could take away billions of dollars worth of demand thanks to the epidemic. A low mortgage rate environment and the lack of inventories have been tailwinds for the U.S. housing market over the past year. But the coronavirus epidemic is one big threat that could cause the U.S. housing market bubble to burst at last. Source: Twitter Realtor.com reports that the effects of…