Day: February 17, 2020

Buy Bitcoin, Top EU Gold Company Tells “Mentally Blocked” Investors

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Bitcoin’s explosive price rally this year has earned it a new fan in CelticGold, AG. The Frankfurt-based precious metals exchange in a note advised commodity investors to purchase the world’s leading cryptocurrency. It said they should at least allocate 1-5 percent of their precious metals portfolio to Bitcoin, citing its two-year winning streak that resulted in 138 percent of combined gains. In 2019, the XBT/USD exchange rate rose by 92 percent. Meanwhile, in 2020, the pair climbed another 46 percent until mid-February. The XBT/XAU exchange rate heading towards a breakout…

Buy Bitcoin, Top EU Gold Company Tells “Mentally Blocked” Investors

boss

Bitcoin’s explosive price rally this year has earned it a new fan in CelticGold, AG. The Frankfurt-based precious metals exchange in a note advised commodity investors to purchase the world’s leading cryptocurrency. It said they should at least allocate 1-5 percent of their precious metals portfolio to Bitcoin, citing its two-year winning streak that resulted in 138 percent of combined gains. In 2019, the XBT/USD exchange rate rose by 92 percent. Meanwhile, in 2020, the pair climbed another 46 percent until mid-February. The XBT/XAU exchange rate heading towards a breakout…

Low-Volume Bitcoin Pullback Stalls at Price Support Near $9.6K

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Bitcoin’s price pullback looks to have stalled with the bears losing steam near former hurdle-turned-support on Sunday.  The number one cryptocurrency by market cap ran into offers over the weekend, having faced multiple rejections near $10,500 on Feb. 12–13. Notably, the cryptocurrency fell nearly 4.5 percent on Sunday – its biggest single-day decline since Nov. 24 – with sellers driving prices as far as support at $9,615 – a higher high created on Feb. 3. The former resistance level, however, withstood the bear attack.  Bitcoin went on to close Sunday on…

Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat

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Global economic headwinds are reaching critical levels after a horrific Japanese GDP figure on Sunday. With China, Germany and Japan all slowing even before the coronavirus hit, recession risks continue to rise. The great divergence between economic fundamentals and stock market returns continues as Dow Jones, S&P 500 and Nasdaq futures rose overnight. The global economic outlook saw another dark storm-cloud brewing on Sunday evening as Japan, the world’s 3rd largest economy, reported an eye-watering GDP number of -6.3% YoY, considerably worse than the already dire prediction of -3.7%. With…

Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat

boss

Global economic headwinds are reaching critical levels after a horrific Japanese GDP figure on Sunday. With China, Germany and Japan all slowing even before the coronavirus hit, recession risks continue to rise. The great divergence between economic fundamentals and stock market returns continues as Dow Jones, S&P 500 and Nasdaq futures rose overnight. The global economic outlook saw another dark storm-cloud brewing on Sunday evening as Japan, the world’s 3rd largest economy, reported an eye-watering GDP number of -6.3% YoY, considerably worse than the already dire prediction of -3.7%. With…

Legal Framework for Tokenization Submitted to Russia’s Crypto Bill

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A successful tokenization trial could lead to big changes in Russia’s proposed cryptocurrency legislation. The Central Bank of Russia (CBR) announced on Feb. 17 the completion of a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox.  The bank subsequently proposed to amend Russia’s digital assets law to accommodate tokenization platforms. The platform is open to all organizations and it allows them to issue hybrid tokens backed by a basket of assets. The technology is said to expand financing possibilities for businesses, while giving new investment…

Bitcoin Holding This Essential Level Will Lead to 20% Rally

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Bitcoin has seen quite the turn of events over the weekend; the price of the leading cryptocurrency has whipsawed between $9,700 and $10,500, failing to establish a short-term trend due to an endless tug of war between buyers and sellers. While many analysts and investors have attributed this indecisive price action to a potential topping in the Bitcoin market, some are sure the asset is poised to continue even higher in the coming weeks, citing the fact the cryptocurrency maintained the $9,500 price point — a level that has been…

TON Devs Worldwide Join Forces to Intervene in SEC Case Against Telegram

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A group of international Telegram Open Network (TON) contributors have submitted a court document criticizing United States regulators’ line of attack against the project.  The group has formed a non-profit association, “The TON Community Foundation,” and collectively submitted the brief on Feb. 14 in the form of an amicus curiae. An amicus curiae is a brief that offers expertise or insight into a given case on behalf of an entity that is not formally party to the case itself — i.e. an entity that is neither a plaintiff, defendant, nor…

The Age of Gaming’s Big Overhaul is Here

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Anthem and State of Decay 2 are two games that have recently announced their intentions to ‘overhaul’ themselves. No Man’s Sky was a high-profile game that last year saw a miraculous recovery after a shoddy release period. This new trend could end up becoming an industry-standard if more companies jump on the bandwagon. Lots of games come out with bugs. Sometimes games even come out and are nowhere near ‘finished’. Anthem is a great example of this. It came out and felt like it was barely a game at all.…

The Age of Gaming’s Big Overhaul is Here

boss

Anthem and State of Decay 2 are two games that have recently announced their intentions to ‘overhaul’ themselves. No Man’s Sky was a high-profile game that last year saw a miraculous recovery after a shoddy release period. This new trend could end up becoming an industry-standard if more companies jump on the bandwagon. Lots of games come out with bugs. Sometimes games even come out and are nowhere near ‘finished’. Anthem is a great example of this. It came out and felt like it was barely a game at all.…