“Make no mistake, this is no different than any other high-tech stock. It’s risky, it’s volatile, and you should not invest any more than you are prepared to forfeit all together,”
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Tag: Bitcoin
Latest Cryptocurrency News – Game Maker Atari Is Planning to Launch Its Own Cryptocurrency
The company, which is behind iconic video games such as Pac-Man and Pong, plans to release its own cryptocurrency, “Game Maker Atari,” as announced last week. (See Also: How is Artificial Intelligence Reshaping eCommerce Sector?)
As part of this effort, Atari acquired a 15% interest in Infinity Networks, Ltd. based in Gibraltar and granted the company a license. The partnership, which was already proposed in a December Declaration, sees the development of a digital entertainment platform supported by Atari’s so-called token. The manufacturer of the game said that his investment was made “without cash payment from Atari”.
“Our goal is to take strategic positions with limited liquidity risk in order to better value investments and the Atari brand,” said Atari President and CEO Frédéric Chesnais in a statement.
The choice of name is remarkable, as Atari had previously created an Atari token to serve as a currency for in-game purchasing. It remains to be seen whether the announced new Atari token will serve this purpose.
In addition, Atari has announced its intention to develop cryptocurrencies through cooperation with Pariplay, Ltd. to integrate online games with Atari games and characters as part of their design. Last week’s statement also clearly highlights the creation of a second token that would be used in conjunction with the online casino plan.
“To increase the appeal of these new casinos, Atari has launched the project to launch Pong Token, a second token dedicated to crypto-casinos that can be used on these gaming sites.” Details on this version of Crypto Casinos will be announced soon, “reads the statement (without translation).
As expected, the announcement did not make very good comparisons for Kodak, the photographer who licensed his mark for the creation of KodakCoin. The project was announced in January, with the intention to make a first currency offer at the end of this month. This token sale was later postponed and since then no release date has been announced.
Bitcoin Price Going Down Day By Day – Here Is The Reason
The joy of Christmas cannot spread to the cryptocurrency markets this year.
The market capitalization of digital currencies hit new highs last week as Altcoins recovered against falling bitcoin prices. But the markets seem to have changed course. Altcoins have joined the original currency by losing their profits as market prices have fallen. Coinbase stops working because of “high traffic”. As long as there is no recovery, it seems that Santa Claus will not visit the cryptocurrency markets.
Images, they say, are more powerful than words. Here’s a price chart for bitcoin’s price at 14:30 UTC.
The cryptocurrency’s price has collapsed by approximately $5,000 (or, 24.73%) from its price 24 hours ago. On a weekly basis, the fall in bitcoin’s prices amounts to 33.24%.
And, from its high of $19,643.02 last Sunday, bitcoin’s price has declined by 40.3%
Although a correlation has not yet been determined, the Bitcoin price indicates the price movement for other cryptocurrencies. They mainly move in tandem; Sometimes they get out of reach. Prices for the top 10 best-selling cryptocurrencies have been synced to Bitcoin over the past 24 hours and lost an average of 35% of their price 24 hours ago.
Bitcoin Cash, which released a new record this week, fell 38.91% at the time of writing. Litecoin, Dash, and Cardano were the other cryptocurrencies among the top 10 most traded, with significant value. All three had reached record highs last month.
The general market capitalization of the cryptocurrency market was $ 432.7 billion. On Thursday, it reached a record $ 654 billion.
Will Bitcoin Crash Further?
Given the unpredictability of their movements and the lack of a single correlation factor, this is difficult to say. The technical analysis was unable to accurately predict the price movements of the cryptocurrency. In other words, Bitcoin has recovered the lost ground pretty quickly in the past. For example, it has increased by nearly $ 5,000 to release a new maximum last week.
Takashi Hiroki, chief strategist at Monex Securities, compared Bitcoin trading in gambling as the cryptocurrency does not follow logical patterns. Neil Wilson, the senior market analyst at ETX Capital, told Guardian that the price erosion could be a simple case in which traders are sold by the end of the year to realign their portfolios. An interesting article on Coindesk analyzes the role of credit in Bitcoin price movements. According to author Marc Hochstein, Bitcoin is quickly “funded” and credit is becoming an increasingly important part of its system. He cites a newly created CEO who said he could raise the bitcoin price in the short term, but it would eliminate Bitcoin from a real value stock.
But long-term traders have reasons to be optimistic about bitcoin price movements. It has been the subject of several reports of the institutional money flowing into the cryptocurrency markets. Hedge fund money reaches digital currencies
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