May 22, 2020

Sony’s Ambitious Marvel-Esque PlayStation Plan is Glorious for Gaming

May 22, 2020 boss

PlayStation Productions is Sony’s film arm geared around adapting PlayStation IPs. The new studio is apparently working on several high-profile adaptations in a deal with HBO, according to a leaker. This new deal could really kick-start the new age of video game adaptations. Sony is really pushing their IPs as much as they can. We already know that an Uncharted movie is coming out in 2021. But, now PlayStation Productions is apparently gearing up for even more releases. After the formation of the new production arm of Sony last year,…

Don’t Buy Bitcoin, Says Wealth Exec as Lebanon Chooses BTC Over Fiat

May 22, 2020 boss

Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May 21, Peter Mallouk, president and chief investment officer at wealth management firm Creative Planning, claimed that stocks and bonds were better options than Bitcoin and even gold. Mallouk: “no need” to buy Bitcoin or gold “There is no need to go over into the speculative world,” he told the network, arguing that assets such as Bitcoin and…

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

May 22, 2020 boss

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example. US Wakes up to Blockchain A document released earlier this week shows House Rep. Brett Guthrie calling for a detailed study into blockchain technologies and their impact across industry, international financial frameworks, and governance. If passed, the independent bill will provide the Federal Trade Commission (FTC) with two years of budget and time allocated towards the design, philosophy, and research of distributed…

Global Central Banking Think Tank Launches Digital Monetary Institute

May 22, 2020 boss

The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month. The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and retail markets, and central bank digital currencies (CBDC). Central banks’ interest in digital currency is growing The OMFIF itself has already been publishing in-depth reports on digital currency and CBDCs since 2018. Regarding the key…

Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan

May 22, 2020 boss

“There is no country with more to lose from the disruptive potential of digital currency than the United States.” So goes the stark warning from analysts at the U.S.’ largest bank, JPMorgan Chase, in a new report covered by Bloomberg News on May 22. The report’s authors — among them, JPMorgan’s head of of U.S. interest-rate derivatives strategy Josh Younger and chief U.S. economist Michael Feroli — wrote: “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for international trade in commodities,…

Desperate China Signals U.S. Trade Deal but the Stock Market is Doomed

May 22, 2020 boss

In a sudden u-turn, China pledged to implement the phase one trade deal signed with the U.S. As the global stock market feels the strain of economic decline, governments are rushing to deescalate tension. China’s difficult decision shows the global economy is highly fragile. After weeks of escalated tension, the Chinese government is seemingly concerned about the current trend of the global stock market. China’s Premier Li Keqiang reaffirmed at the annual meeting of lawmakers called “Two Sessions 2020” that the country will adhere to the phase one trade deal…

Jack Dorsey Gives $5M to Support UBI ⁠— Could Crypto Deliver it?

May 22, 2020 boss

Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans. Dorsey announced the plan on Yang’s podcast, Yang Speaks, on May 21, while discussing the future of technology. Dorsey told Yang that UBI was “long overdue,” saying “the only way that we can change policy is by experimenting and showing case studies of why this works.” In a statement to…

Ethereum Could Stage Strong Rally As Double Bottom Pattern Emerges

May 22, 2020 boss

Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it seems like there is a key double bottom pattern forming near $192. Ethereum declined more than 5% and it tested the main $192 support zone. It seems like there is a double pattern forming near the $191-$192 zone. There is a key bearish trend line forming with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either fail near $202 or start a major…