Day: March 2, 2020

Gold Is Destroying Bitcoin in the Battle of the Safe Havens

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Gold is once again rallying on safe-haven demand, with the yellow metal gaining 2.5% Sunday evening. Bullion flash-crashed by $78 on Friday, its worst single-day drop in seven years. Latest PMI data out of China suggest coronavirus is wreaking havoc on the world’s second-largest economy. Amid the global economic and financial tumult, demand for bitcoin has been non-existent. Investors are once again flocking to traditional safe havens, as the price of gold shot up more than 2% Sunday following the release of shocking Chinese economic data over the weekend. Meanwhile,…

Dow Futures Dive as Trump Official Says Coronavirus Is Deadlier Than Flu

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Global stock markets plummeted with crude oil at the open of trade on Sunday. Dow Futures fell 800 points before bouncing to around a 600 point loss. The Dow Jones faces another wild week as the coronavirus appears to be spreading rapidly outside of China, and Trump officials change their tune after the first U.S. death. Dow Futures opened down 800 points.  Two days of rough coronavirus headlines are rocking an already nervous stock market. It’s hardly surprising after the U.S. reported its first death in Washington State, and cases…

Xbox Series X Proves World Isn’t Ready for a Digital-Only Console

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Digital-only gaming has been a discussion point in the gaming community over the last few years. Microsoft recently confirmed that the Xbox Series X will still support physical gaming. Clearly, it seems like the world just isn’t ready for an all-digital gaming revolution. In the past few years, there has been a lot of hype for the ‘all-digital revolution’. Microsoft even put out the Xbox One S All-Digital Edition which was pretty popular. This raises questions about the Xbox Series X. Will the next-gen console support physical discs? Luckily, Microsoft…

Bitcoin Is Soon to “Take Off” Towards $100,000

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It goes without saying that Bitcoin’s price action over the past few days has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows. And what’s more, fears of a steeper correction have grown, with BTC’s failure to bounce back suggesting to some that cryptocurrencies will fall even lower.  Despite these fears, a top analyst — one who has a good portion of the crypto market’s price action over…

Bitcoin Is Soon to “Take Off” Towards $100,000

boss

It goes without saying that Bitcoin’s price action over the past few days has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows. And what’s more, fears of a steeper correction have grown, with BTC’s failure to bounce back suggesting to some that cryptocurrencies will fall even lower.  Despite these fears, a top analyst — one who has a good portion of the crypto market’s price action over…

UK Startup Puts Haitian Farmers and Their Crops On the Blockchain

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A UK tech company recently announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales. Agriledger, a blockchain outfit based in the UK, was responsible for building this new ecosystem. Their goal was ensuring that farmers receive adequate pay for their crops, a Feb. 28 post from Spring Wise stated. Each farmer is a part of the system Agriledger’s blockchain-based solution assigns farmers enrolled in the system with a digital ID number. With this ID, farmers become part of the digital supply chain.…