Ripple (XRP) Regains Strength And Eyes Crucial Bullish Break Above $0.30

Ripple is climbing higher and it recently retested the $0.2880 resistance against the US Dollar. XRP price could surge further above $0.2900 and $0.3000 in the near term. Ripple price started a fresh increase after tagging the $0.2680 support area against the US dollar. The bulls regained strength and pushed the price back above $0.2800. There was a break above a key bearish trend line with resistance near $0.2725 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could surge further once it clears the…

Why Security Token Offerings Are a Big Yawn in Parts of Asia

Security token offerings (STO) were supposed to be the next big blockchain-based investment vehicle following the bursting of the initial coin offering (ICO) bubble of 2017. But there have been a number of reasons why this form of equity funding has not lived up to the hype of being a next-generation activity, including regulatory uncertainty and the high cost required to offer an STO. The lack of interest is particularly striking in Thailand and Taiwan, two areas that were among the first to enact STO regulations to encourage the investment.…

Taysom Hill Can Play Football, but as a ‘Franchise Quarterback?’ No Chance.

Taysom Hill views himself as a “franchise quarterback.” The 29-year-old Idaho native has claimed he’ll leave the Saints if they don’t consider him to be QB1. Hill has often been referred to as a Swiss army knife due to his ability to play a host of positions. Taysom Hill played 10 different positions for the Saints during the 2019 NFL season. Including quarterback. Does that make him a quarterback? Of course not. His claim that he views himself as a “franchise quarterback” is borderline ridiculous. What is Taysom Hill’s best…

Bitcoin Hits 5-Month High Following Fed Chair Powell’s Privacy Praise

Bitcoin’s (BTC) price is trending solidly back above the 5-digit figure mark. At around 15:00 UTC on Feb. 11, the price of BTC rose back above $10,000 from around $9,850 to $10,351 within an hour after succumbing to a small sell-off beneath the $10,000 level on Feb 10, CoinDesk BPI data shows. The peak figure represents BTC’s highest point in over five months and offers a shift in trend from bearish-to-bullish in the mid-term as it continues to print new highs in 2020. The recent rise in BTC’s price comes…

$300: Ethereum Bulls Aim Big After Recent 12% Surge To $250

Ethereum price surged more than 12% and broke many hurdles near $230 and $240 against the US Dollar. ETH is likely to continue higher towards the $300 handle in the near term. Ethereum declined below the $225 and $220 support levels against the US Dollar. The key targets of $240 and $250 were achieved (as discussed in the weekly forecast). There was a break above a major contracting triangle with resistance near $223 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is back above the $10,000…

Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader.  Last Friday, Australia’s Department of Industry, Science, Energy and Resources launched the national blockchain roadmap — a 50-page document that defines how blockchain technology could benefit the local economy over the next five years.  The paper, developed in conjunction with industry participants, oversees a number of specific fields where…

Cryptocurrency Proponent Andrew Yang Ends Presidential Bid

Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday. Yang entered the race in November 2017, centering his campaign around his signature “universal basic income” proposal, which would provide a $1,000 per month income to American adult. However, as a candidate, he also created policy positions around the crypto and broader technology spaces. In particular, he advocated for a comprehensive national approach to blockchain and crypto, rather than a “hodgepodge” of state and uncertain federal regulations. “I think it’s…

Amazon Flails at Trump, Lashes Out at Reporters in Total Meltdown

Amazon appears stressed to the point of rage and panic this week. While Jeff Bezos dumped billions in Amazon stock, the company filed suit against Trump over a $10 billion Pentagon cloud contract. And a senior vice president had a total meltdown on Twitter. He got into a petty flame war with reporters. Is Amazon coming unglued? Amazon stock (NASDAQ:AMZN) has gone parabolic over the last two weeks. But you wouldn’t guess it from the online retailer’s unsteady, combative stance recently. Source: Yahoo Finance In fact, the recent gains look…

Housing Market, Consumer Debt Bubble Will End ‘Miserably’ – Analyst

A new Federal Reserve report shows household debt surged in 2019, growing the fastest since 2008. The housing market is partly to blame. Fourth quarter mortgage originations ballooned at their highest pace since 2005. Household debt now stands at a perilous record $14 trillion. Famed economist and global market strategist David Rosenberg says, “This turbocharged debt cycle will end miserably.” The stock market, jobs market, and housing market seem as robust as ever. The economic recovery since the Great Recession will mark 11 years if it continues until June. That’s…

2K’s New Studio Could Be Making Its Next GTA-Sized Hit

2K announced the name of its Silicon Valley game development team. 31st Union is being led by Michael Condrey, who co-founded Call of Duty developer Sledgehammer Games. 31st Union’s first game will be an “ambitious” IP. In a press release today, 2K confirmed that the name of its Silicon Valley development team is 31st Union. The developer has an “intentioned culture that champions inclusivity and greater representation,” said president Michael Condrey, who has worked on Call of Duty and Dead Space, in the press release. The studio’s first game will…