Day: February 14, 2020

This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls

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Over the past 60 days, Bitcoin has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months. Related Reading: Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent? Bitcoin’s Booming Open Interest May Set Stage for Surge Over the past few years, as institutional traders and more serious players have entered the Bitcoin market, the demand for future derivatives for the cryptocurrency has exploded. This was confirmed with a report from industry outlet The…

$450 PS5 is Making Sony Nervous – and It’s a Pricing Disaster for Fans

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A new report suggests Sony is struggling to keep the manufacturing cost of the PS5 under $450. Sourcing DRAM and NAND flash memory are proving problematic due to competing demand from the mobile-phone industry. Consumers could bear the brunt of this part scarcity if Sony opts to bump up the retail price of the PS5. Sony is having trouble keeping the manufacturing costs of the PlayStation 5 under $450 per unit, according to a new report from Bloomberg. Part Scarcity Bumps PlayStation 5 Production Costs to $450 Per Unit Citing…

Binance Adds 15 Fiat Currencies as Exchange Pushes Global Expansion

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Binance has added payment support for 15 fiat currencies in a major push to corner local markets. The Malta-based cryptocurrency exchange announced Friday that users can now purchase cryptocurrencies with a longer list of supported fiat currencies through its integration with Israeli fiat payments processor Simplex. The new integration provides gateways for currencies including the Swiss franc, Korean won and Australian dollar, as well as the Polish zloty and South African rand. Currencies that have already been made available through Binance’s fiat-to-crypto trading facility, such as pound sterling and Russian…

Cryptocurrency Boosts Illicit Gambling on Asian Soccer Leagues

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Cryptocurrencies are making gambling on the world’s most popular sport easier, sports authorities suggest. Asian soccer has seen a sharp decline in match-fixing over the last six years, according to the Asian Football Confederation (AFC) in a Reuters article dated Feb. 14. However, the illegal gambling which has historically driven match-fixing in the region has grown, partly due to the rise of cryptocurrencies as a payment method. Corruption and match-fixing down The AFC and its integrity partner, Swiss-based Sportradar, have been working together to tackle corruption in Asian Soccer since…

Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?

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As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor, to vehement denigrator of the “NSA-created surveillance money,” there is no shortage of opinion. Still, as there are various possible scenarios, a one-size-fits-all proclamation doesn’t seem to work. Turns out, when it comes to money, what has survival value is ultimately a community affair. Also Read:…

US Intelligence Officials Are Funding Research on Dollar-Crushing ‘Black Swan’ Events

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The U.S. Office of the Director of National Intelligence (ODNI) wants to sponsor a post-doc researcher to study what would happen if the U.S. dollar lost its status as the world’s reserve currency. In a job listing posted late last year, the agency called for applicants from the U.S. who have a background in economics. The deadline to apply is Feb. 28. The agency said the research – the first of its kind for the intelligence community’s post-doc program – could help the U.S. prepare for “black swan” events that would threaten…

US Intelligence Officials Are Funding Research on Dollar-Crushing ‘Black Swan’ Events

boss

The U.S. Office of the Director of National Intelligence (ODNI) wants to sponsor a post-doc researcher to study what would happen if the U.S. dollar lost its status as the world’s reserve currency. In a job listing posted late last year, the agency called for applicants from the U.S. who have a background in economics. The deadline to apply is Feb. 28. The agency said the research – the first of its kind for the intelligence community’s post-doc program – could help the U.S. prepare for “black swan” events that would threaten…

Critical Coronavirus Breakthrough Seeks Blood from Recovered Patients

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Wuhan reportedly has cured patients with coronavirus by injecting plasma from recovered individuals. The breakthrough could help minimize the outbreak in key areas like Hubei. President Xi Jinping said China is seeing progress in combating the outbreak. Wuhan is said to have treated individuals in critical condition affected by coronavirus by injecting blood plasma from patients that have recovered from the virus. First big milestone in containing coronavirus in China Dovey Wan, founding partner at Primitive Crypto, shared a brochure from local hospitals in Wuhan asking for blood donations from…

Five Signs That Ethereum Is Having Its Moment Right Now

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Ether (ETH) has more than doubled in value so far this year, with strong fundamentals and increasing numbers of projects being built on the network. Here are five signs from this week that Ethereum’s time may have finally come. Institutional investors are now paying a 220% premium Accredited investors are currently paying a 220% premium to buy Ether through Grayscale’s Ethereum Trust. The price of a single share in the Ethereum Trust is currently trading for $81.50 even though one share represents Ether worth just $25.46. Yesterday the premium was…

Alyx Needs No Reign as VR Gaming’s ‘Killer App’

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Half-Life: Alyx looks to be VR’s new killer app. However, the platform already had its fair share of solid releases. Half-Life will help bring people to VR, these killer apps will make them stay. The rise of virtual reality has been a long time coming. From the early experimental days of Sega VR and Nintendo’s Virtual Boy to the extreme immersion seen within the upcoming Half-Life: Alyx, it has never been a better time to get into the space. But, as good as Valve’s upcoming title looks (and it looks…