Day: February 13, 2020

Ubisoft Disappoints Fans Again with Lame Prince of Persia Reveal

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Ubisoft announces a Prince of Persia VR escape room. This isn’t the new Prince of Persia game that fans have been asking for. The company also disappointed fans by failing not to announce a new Splinter Cell game in its financial briefing. There was a surprise Prince of Persia game announcement today but it wasn’t what fans wanted. Ubisoft confirmed that it will be bringing a Prince of Persia VR escape room to more than 300 locations around the world. The game will be called Prince of Persia: The Dagger…

US Treasury Secretary Promises ‘Significant New Requirements’ on Cryptocurrency

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Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in the US market, making it both an economic and political issue in 2020. The United States Senate held a hearing to go over the 2021 budget on Wednesday. While defending Trump’s $4.8 trillion proposal, Senator Maggie Hassan (D-NH) asked a question…

Bitcoin Won’t Surge Past $11k Just Yet: Indicators Show Vulnerability to Short-Term Correction

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Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher. Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar. The price traded to a new 2020 high at $10,492 and it is currently correcting lower. There is a short term ascending channel forming with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards…

Bitcoin Won’t Surge Past $11k Just Yet: Indicators Show Vulnerability to Short-Term Correction

boss

Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher. Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar. The price traded to a new 2020 high at $10,492 and it is currently correcting lower. There is a short term ascending channel forming with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards…

Bitcoin Miner Canaan’s Shares Valued at $8.04 After Surging 80%

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After steadily depreciating well into the last quarter of 2019, Canaan certainly rebounded slightly today. The company was the first example of a large Bitcoin miner to go public on Nasdaq. However, after its initial public offering (IPO) on Nov 21, Canaan stock price values dropped nearly 40% within a few weeks.  Competition with Bitmain Helped Stocks Surge? Some healthy competition may have helped the bitcoin miner to regain some traction in the market. Canaan came out ahead of Bitmain, another major China-based bitcoin miner, to become the first company…

China takes additional steps to digitise the renminbi

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China has been leading the way when it comes to digital payments by average consumers in the country. While such payments in the United States like Apple Pay are becoming more widely accepted, in nearby Japan such methods are still relatively rare. Alipay has been offering residents of China the chance to use fiat currency for everyday transactions, seemingly acclimating them for the day both payment and currency become 100% digital. China Central Bank Flexes its Regulatory Muscles on Crypto Although China has taken a somewhat more permissive stance toward…

Mastercard and Ripple’s Xpring Join Industry Group to Promote Blockchain Education

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Mastercard has joined a working group that supports blockchain education and research in universities around the world. Blockchain accelerator MouseBelt announced Tuesday it has welcomed 11 founding members into its Blockchain Education Alliance. In addition to the card network, the new members include the innovation arms of payments startup Ripple and crypto exchange Binance; and representatives from Neo, KuCoin and ethereum scaling solution Matic Network. They will join the 13 companies, including Stellar, TRON and Wanchain, that became part of the alliance when it was announced in October. The Blockchain…

Mastercard and Ripple’s Xpring Join Industry Group to Promote Blockchain Education

boss

Mastercard has joined a working group that supports blockchain education and research in universities around the world. Blockchain accelerator MouseBelt announced Tuesday it has welcomed 11 founding members into its Blockchain Education Alliance. In addition to the card network, the new members include the innovation arms of payments startup Ripple and crypto exchange Binance; and representatives from Neo, KuCoin and ethereum scaling solution Matic Network. They will join the 13 companies, including Stellar, TRON and Wanchain, that became part of the alliance when it was announced in October. The Blockchain…

Ripple (XRP) Rallies 20% To Hit $0.33 But $0.35 Region Could Be Game Changer

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Ripple rallied around 20% and it broke the key $0.3000 resistance against the US Dollar. XRP price is now approaching the $0.3400-$0.3500 resistance, where it could face a strong selling interest. Ripple price surged above $0.3000 and $0.3200 to move into an uptrend against the US dollar. The price is up close to 20% and it tested the $0.3400 resistance area. Earlier, there was a break above a major bearish trend line with resistance near $0.2460 on the daily chart of the XRP/USD pair (data source from Kraken). The main…

ChainUP Launches EXUP, An Independent Brand of Blockchain Financial Derivatives

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ChainUP has launched EXUP a new financial derivatives technology platform for digital assets to empower the blockchain financial ecosystem. 14th February, 2020, Singapore – On February 11, ChainUP, a leading global blockchain technology service provider, officially launched EXUP, an independent brand of blockchain financial derivatives, creating a new financial derivatives technology platform for digital assets. EXUP is committed to providing customers with secure, stable and efficient blockchain financial derivatives services. Its highly stable and reliable matching engine has been created to [em]power the financial ecosystem on blockchain, through a distributed…