Only an Idiot Would Believe Sony’s PS5 Will Cost $1,000

The long-anticipated Sony PlayStation 5 took a step closer to launch this week when a Swedish retailer began taking PS5 preorders. However, the announcement left gamers speechless for another reason: the device’s insane SEK9,999 (~$1,050) price tag. However, with all due respect to the Twitter outrage machine, you’d have to be an idiot to believe […]

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UK Financial Watchdog Issues Full Guidance on Crypto Assets

The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead specifying […]

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Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12 […]

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Beyond Meat Tanks 13 Percent After-Hours Because of This Terrible News

Beyond Meat reported its quarterly earnings on Monday. The numbers are not terribly impressive and hardly justify Beyond Meat’s stock valuation. Yet the company made a separate announcement that tanked the stock and will continue to tank the stock going forward. Beyond Meat’s stock was under pressure in after-hours trading. | Source: Yahoo Finance First, […]

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