Month: February 2020

The Battle Pass is a Crucial Breakthrough in Gaming, Here’s Why

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Temtem’s roadmap includes a battle pass for monetization. Some players are angry at its inclusion since Temtem is a buy-to-play game. The battle pass is the fairest form of in-game monetization out there. The new Pokemon-like MMO, Temtem, recently announced its development roadmap. Developer Crema will add creatures, cross-play, and a new island, among other things. It will also introduce a divisive battle pass by 2021. Seen in games like Fortnite or Apex Legends, a battle pass provides players with a list of unlockable cosmetics in exchange for a small…

Here’s Why This Is Not A Stock Market Dip You Want To Buy

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While the Dow Jones dropped 3,000 points in a week, some stock market analysts are still bullish. They say now’s the time to “Buy the dip!” But there’s another old saying on Wall Street. “Never catch a falling knife.” One trader warns buying this dip could get “very, very nasty.” Here’s why this is not the dip you want to buy. Months of stock market euphoria have given way to uncertainty and panic. After an exuberant ride up, the Dow is now back to where it was on Oct 26,…

Donald Trump Is Right to Downplay the Threat of the Coronavirus

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Donald Trump held a press conference on Wednesday addressing the coronavirus outbreak. Media outlets criticized the president for downplaying the threat of the virus. Recent reports show that the coronavirus is not as deadly as we might think. Donald Trump is facing backlash for downplaying the seriousness of the coronavirus. While many Americans trust their local pan-handler over the president, in this case, Trump might be right. None of us know the potential fallout of the coronavirus, but data shows us that even when infection occurs, the odds of it…

Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets

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Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a decline of 1,100 points (4.4%) and is down more than 10% for the week. The Nasdaq Composite also fell 4.6% to 8,566.48 and the S&P 500 endured a similar blow, dropping 4.4% to close at 2,987.76. According to market analysts,…

Coronavirus Hits US Stocks, Bitcoin Climbs, Haven Status Unclear

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The spreading coronavirus sowed a new bout of fear among investors, triggering a stock market sell-off and flight to safe-haven assets like gold and U.S. Treasury bonds, with 47 countries now reporting infections amid widespread reports of travel cancellations, shipment delays and business interruptions. U.S. stocks fell for the sixth straight day, Treasury yields slid to a record low and gold prices were little changed close to a seven-year high. Bitcoin’s price climbed 1.4 percent to $8,902, rising along with popular cryptocurrencies including ether. Analysts for the Wall Street firm…

Revolut Will Make Crypto Available in 50 States

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Revolut is coming to the smartphone near you with an array of cryptocurrencies before tax day. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintechs in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing. Revolut is already well-established in Europe. On its home soil, it allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and (XRP) for one of 29 fiat currencies. Revolut…

Blockchain Technology Partners Unveil Smart Contracts on Amazon AWS

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Customers can now integrate smart contracts on Amazon Web Services’ Quantum Ledger Database, or QLDB, thanks to tech company Blockchain Technology Partners. Blockchain Technology Partners, or BTP, unveiled general availability for its DAML incorporation, accessible through its Sextant for DAML platform, allowing those working with Amazon’s QLDB to harness smart contracts on the platform, according to a Feb. 25 statement provided to Cointelegraph. Amazon’s QLDB is not the first to incorporate Sextant for DAML Prior to its Amazon QLDB launch, BTP’s Sextant for DAML boasted compatibility on Hyperledger Sawtooth, and…

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

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On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model (86TH/s). Also read: Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List Bitmain Launches the S19 Series Processing Up to 110 Trillion Hashes per Second Bitmain, one of the top mining rig manufacturers…

Chinese Communist Party Exec Wants State Monopoly on Digital Currency

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Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital currency trading in China. He told the media that a central bank digital currency (CBDC) is an important strategic plan for the Chinese RMB to gain an upper hand in international economic development. During the interview, Chen was asked to comment on the ongoing ICO Ponzi schemes in China. Chen believed that ICOs and cryptocurrency trading needed to be banned…

CFTC Holds A Meeting to Learn All About Stablecoins

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American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry. The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. 26 to learn about stablecoins, cryptocurrency insurance, custody practices and cybersecurity. Three stablecoin projects: JPM Coin, MarkerDao and Paxo were in attendance, discussing different aspects of stablecoins during the meeting. The committee discussed various topics on stablecoins. The first was presented by Charles Cascarilla, CEO of Paxos, who spoke on the use cases of two of Paxos’ current…