Day: February 18, 2020

Signal That Preceded 10% Bitcoin Boom Appears Again, and It’s Big for Bulls

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Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week. While this plunge seemingly marks a strong reversal from the decisive uptrend Bitcoin has been trading in for the past two months, a key signal suggests that bulls may once again take over, likely to push the asset back above…

Peter Schiff ‘Concedes’ Bitcoin Profitable, But Won’t Succeed as Money

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Bitcoin (BTC) skeptic Peter Schiff has admitted that holding the cryptocurrency is profitable — but claims it will “never” compete with fiat currency. In a tweet on Feb. 18, Schiff, well known as a fierce Bitcoin critic and longtime gold bug, “conceded” that the cryptocurrency in the past ten years had been a successful investment. Schiff: BTC investors “make a lot of money” “I concede that anyone who bought #Bitcoin 10 years ago and sells it today will make a lot of money,” he wrote.   “But I never said the…

Enjin Launches Game Development Platform on Ethereum

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Enjin has announced the launch of its game development platform on ethereum, enabling potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. The company announced the news Tuesday, saying the Enjin Platform allows game engineers to take advantage of decentralized inventory, to integrate blockchain-based gaming and non-gaming assets, and to manage economic game play mechanics. “Our platform is designed to integrate seamlessly into new and existing games alike, providing a competitive edge to studios of all sizes and across all…

3 Reasons Jose Mourinho Is Proving He’s No One-Trick Pony

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Tottenham moved to within a point of the top four after the weekend’s Premier League action. It is wrong to say that Mourinho has made no changes to this Spurs side. The Portuguese are experimenting with tactics he has rarely used before. It could prove to be one of the most important goals of Tottenham’s season. Deep into second-half stoppage time on Sunday, Son Heung-min raced clear of the Aston Villa defense and slid the ball past Pepe Reina. Mourinho’s side pocketed the three points at the death. Chelsea’s 2-0…

Erik Voorhees: Within Five Years There Will Be a Major Financial Meltdown and Crypto Will Be Ready

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I first met Erik Voorhees in Amsterdam, back in the summer of 2018, while covering a fintech conference called Money20/20. The conference was a circus. (Literally a circus, complete with trapezes artists, mimes, and a unicyclist.) The panels focused on stuff like artificial intelligence, biometrics at the cash register, and how to use big data. But where was bitcoin? Where was blockchain? Sure, there were some panels on cryptocurrencies – maybe 15 percent of the total – but if we’re predicting the “future of money,” why didn’t blockchain have a…

Dramatic Coronavirus Timelapse Reveals an Economical Wrecking Ball

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Significantly less flights are going in and out of China two months into the coronavirus outbreak. It puts pressure on China and the government’s wish to recover the economy. People’s Bank of China already cut its rate to support local firms, which it was reluctant to do even during the trade war. A timelapse video from Flightradar24 shows there are substantially fewer flights going in and out of China after the coronavirus outbreak was publicized. Up to November 2019, China was noticeably seeing a significant amount of flights coming in…

Bitcoin Price ‘Golden Cross’ Hints at 170% Rally to $26K by Halving

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Bitcoin (BTC) can hit $26,000 in just two months thanks to a bullish event that previously triggered 170% price gains. As noted by Cointelegraph Markets analyst, Keith Wareing, on Feb. 18, this week saw Bitcoin’s ascending 50-day moving average cross over its 200-day moving average. Bitcoin 1-year price chart with 50 and 200-day moving average. Source: TradingView  Known as a “golden cross,” the phenomenon is a rare occurrence for the cryptocurrency. Despite BTC/USD shedding almost $1,000 in recent days, Wareing is anything but bearish on short-term profit potential. “Last time…

Bitmain’s Market Dominance Challenged by MicroBT

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Bitcoin’s mining power worldwide has been affected by manufacturing delays caused by the coronavirus outbreak in China, effectively reducing growth in the cryptocurrency’s computing power. Nevertheless, some Bitcoin miners based in the Asian nation have seen an increase in their market share while others struggle to keep up. Bitmain has held its position as the dominant cryptocurrency mining hardware maker since 2017, but the market may slowly be shifting over to Shenzhen-based MicroBT. The mining company sold about 600,000 units of its WhatsMiner M20 in 2019. Each unit generates about…

Ubisoft’s Blockbuster ‘AAA VR Project’ is Virtual Reality’s Turning Point

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Ubisoft is hiring a narrative director for a AAA VR title. It will be based on an existing IP. Valve isn’t the only big player in the VR game. The most anticipated virtual reality title is Half-Life: Alyx, no doubt. After all, this game is not only the first “full-length” experience from the legendary game makers in years but also a new title in arguably the most popular game franchise of all time. However, despite Half-Life: Alyx being what many may consider the new benchmark for VR gaming, it’s important…

Ubisoft’s Blockbuster ‘AAA VR Project’ is Virtual Reality’s Turning Point

boss

Ubisoft is hiring a narrative director for a AAA VR title. It will be based on an existing IP. Valve isn’t the only big player in the VR game. The most anticipated virtual reality title is Half-Life: Alyx, no doubt. After all, this game is not only the first “full-length” experience from the legendary game makers in years but also a new title in arguably the most popular game franchise of all time. However, despite Half-Life: Alyx being what many may consider the new benchmark for VR gaming, it’s important…