Day: February 14, 2020

US Intelligence Community Sees Crypto As a Threat to the Greenback

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The United States intelligence community is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy, and how best to respond. The role was advertised on Feb. 14 by the Office of the Director of National Intelligence (ODNI).  The successful candidate will be tasked with evaluating threats to the dollar’s status as world reserve currency —  most notably cryptocurrencies and the rise of major new economies such as China and India.  Candidates have until Feb. 28 to apply for the role, which…

Apple’s $207 Billion Cash Pile Isn’t Helping its Poorest Employees

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The California Supreme Court has found Apple guilty of breaking the law when it refused to pay its workers for mandatory searches at the end of their shifts. Tim Cook has a major PR problem on his hands after being ridiculed in the court decision. Sitting on a monster $207 billion cash pile, Apple should stop buying greedily buying back AAPL stock and invest in its people. Apple is the most valuable company in the world, with a valuation of more than $1 trillion. CEO Tim Cook is estimated to…

Blow to Bitcoin Bulls as Price Hits China FUD Level [Again]

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Bitcoin was struggling to resume its explosive upside action on Friday as it felt the pressure from a so-called China FUD level. The offbeat cryptocurrency earlier this week plunged by more than 4.5 percent right after it established a new year-to-date high above $10,500. The move served as a reminiscent of a similar climb-and-rebound from October last year which took place against the backdrop of China’s blockchain endorsement. In retrospect, President Xi Jinping praised bitcoin’s underlying technology for its potential in rebuilding China’s digital infrastructure. His statements excited bulls in…

Blockchain Bills Are Advancing in the New York State Senate – Here’s Why

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ALBANY, N.Y. — The New York State Senate will be considering two bills that would bolster the use and development of blockchain tech in the Empire State. The first bill, S4142, would recognize blockchain-based records and contracts as electronic signatures under state law, giving them legal clout. The second, S6037A, would add “distributed ledger technology” developers to the Excelsior Jobs Program, which comes with tax credits. Introduced by Senator Diane Savino (D-23) and approved by the Internet and Technology Committee, which she chairs, after a hearing Tuesday, the bills next…

Binance Adds 15 Fiat Currency Options for Purchasing Crypto

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Binance has added 15 additional fiat currency options for Visa and Mastercard purchases on its platform. Since Feb. 14, the exchange’s partner Simplex can be used to buy crypto across many countries in the world. The list of supported currencies has been expanded to the British pound sterling, South Korean won, Russian ruble, Australian dollar, Swiss franc, Czech koruna, Danish krone, Norwegian krone, New Zealand dollar, Polish złoty, Swedish krona, Turkish lira, South African rand, Hungarian forint, and Israeli shekel. Binance users can utilize this option via the Buy Crypto…

Middle East and Africa’s Blockchain Spending to Surge 400% by 2023

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As global blockchain adoption is accelerating, countries in the Middle East and Africa (MEA) are forecasted to massively increase their spending on the tech in the next few years. According to a new report by United States-based market research firm International Data Corporation (IDC), governments across MEA will see a 400% surge in their investment to blockchain-based solutions in four years. MEA to increase blockchain spending from $21 million in 2019 to $105 million by 2023 Issued on Feb. 12, the IDC report outlines that blockchain tech is increasingly growing…

NVIDIA Blames ‘Misunderstanding’ for Activision GeForce Now Screw-Up

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Activision Blizzard removed all its games from NVIDIA’s GeForce Now cloud gaming service earlier this week. It has now emerged that NVIDIA had its wires crossed in what the company describes as a ‘misunderstanding.’ The games are likely to return subject to a commercial agreement between the two parties. Earlier this week, NVIDIA revealed that the GeForce Now cloud gaming service had taken a significant hit only a week on from launch. Per Activision Blizzard’s request, NVIDIA removed all Battle.net games from the service. A ‘Misunderstanding’ In a statement sharing…

NVIDIA Blames ‘Misunderstanding’ for Activision GeForce Now Screw-Up

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Activision Blizzard removed all its games from NVIDIA’s GeForce Now cloud gaming service earlier this week. It has now emerged that NVIDIA had its wires crossed in what the company describes as a ‘misunderstanding.’ The games are likely to return subject to a commercial agreement between the two parties. Earlier this week, NVIDIA revealed that the GeForce Now cloud gaming service had taken a significant hit only a week on from launch. Per Activision Blizzard’s request, NVIDIA removed all Battle.net games from the service. A ‘Misunderstanding’ In a statement sharing…

Ledger Reignites Trezor Beef With ‘Dishonest’ Report on Crypto Wallet Hardware

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Cryptocurrency hardware wallet manufacturer Ledger has reignited an old feud with competitor Trezor, in a blog post dated Feb. 13 highlighting the claimed benefits of its internal Secure Element chips. Trezor co-founder and CEO of SatoshiLabs, Marek “Slush” Palatinus, hit straight back, in a tweet accusing the post of being “dishonest” and not telling the “whole story.” The Ledger post compared the three internal chip types common to hardware wallet devices: Microcontroller Units (MCU), Safe Memory chips and its own Secure Elements. It claimed that the MCUs found in Trezor…

Bitcoin Closing on Daily Golden Cross That Could Bring Boost to 2020 Price Rally

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Bitcoin may see a move higher in coming weeks, courtesy of two major daily moving averages heading for a collision dubbed a golden cross. The cross occurs when a short-term moving average (MA) crosses above a longer-term one, typically the 50-day and 200-day MAs, hinting at strong upward momentum in an assets price. The last time such an instance occurred was back in April 2019, when the price of BTC rose 175 percent to create a yearly high of around $13,880 after a temporary pullback to $4,995, Bitstamp data shows.…