Coinspeaker Call of Duty: Modern Warfare Makes a Successful Debut Getting $600M in First Three DaysThe most recent game from the stables of Infinity Ward, Call of Duty: Modern Warfare, is like nothing ever seen as it breaks previous records to become the fastest-selling game in the franchise in recent times, making a profit of $600 million within the first three days of its launch.This is definitely good news for all Activision Blizzard investors as the remarkable performance of Call of Duty over the weekend seems to have infused the needed strength to its weak share price.At the moment the stock price is around $55, just as it was nearly a week ago.New Sheriff Is in TownThere is currently a shift of power in the hierarchy of Activision Blizzard releases. Between the two games that were launched within the same period, one has bowed so that the other can take the throne. With a $100 million lead over Call of Duty: Black Ops IIII, Activision Blizzard’s newest entry, Call of Duty: Modern Warfare, has emerged as the top-selling new release of 2019 as well as Activision’s top-selling digital opening in history.This new game has gone on to take the title of highest three-day digital sales and highest digital pre-orders on the PlayStation Network. In addition to these accolades, it ranks as the top-selling Call of Duty PC game ever to be launched.Though the Infinity Ward’s newest game bears a resemblance to the Call of Duty 4: Modern Warfare, there should be no confusion as the latest flagship is simply a mock recreation of the 2007 predecessor.Falsification of History or Not?It is not surprising that the new game has been on the receiving end of accusations, a behavior not alien to the Call of Duty series. This time around, it is said to be an “American propaganda” and a tool used to rewrite history through its Highway of Death mission.Counterclaims have, however, been made by Activision stating that the mission is nothing but a work of fiction, yet detractors are not having it. They insist that the mission is a vivid reenactment of the American war crimes committed during the Persian Gulf War. They claim the game clearly depicts the past event but with a twist to make Russia appear as the transgressor.This has brought an uncomfortable level of heat on Call of Duty: Modern Warfare, which currently has a 3.4 user rating on Metacritic and also making it Russian state TV’s subject of discussion.Despite the many controversies surrounding Activision Blizzard like sacking 800 of its employees even after recording huge profits and banning a Hearthstone pro player for supporting Hong Kong protesters, the overall success of the company appears unaffected.Call of Duty: Modern Warfare Makes a Successful Debut Getting $600M in First Three Days
Coinspeaker PSA Group and Fiat Chrysler Automobiles to Create the World’s Fourth Largest CarmakerRival carmakers PSA Group and Fiat Chrysler Automobiles NV announced their plan to merge, combining assets in order to confront pricey new era of trade tariffs, emissions rules and electrification.Shareholders of each company will own 50% of the combined entity, that will be listed in Paris, Milan and New York. Investors in Fiat will get dividend worth of 5.5 billion euros and its robotics subsidiary Comau, while France’s PSA will probably issue its 46% stake in auto-parts maker Faurecia SE. Cost savings from the deal are accounted to be around 3.7 billion euros.At the time of writing, PSA shares fell 11.92% in Paris, while Fiat kept on rising by 8.80% in Milan.The boards of both companies said they will be working toward a binding agreement in the coming weeks. When over, the new company will become the fourth-largest automaker with a combined market value of more than $50 billion. The new regional car giant will come as a direct competitor to Volkswagen AG with the slight difference that the new company will have a strong billionaire basis – Agnelli clan in Italy and the Peugeot family of France.There will be 11 board members with six members from PSA including Chief Executive Officer Carlos Tavares, who will remain CEO for five years, and five from Fiat Chrysler. Fiat Chairman John Elkann stays in that role.This announcement comes a few months after the collapse of negotiations between Fiat and French competitor Renault SA. Those talks stopped in June when Elkann, who also heads Fiat Chrysler’s largest shareholder, Exor NV, gave up while facing strong opposition from the French government and no support from Renault’s Japanese alliance partner Nissan Motor Co.Felipe Munoz-Vieira, an analyst with Jato Dynamics in Turin said:“It’s not as good a partner as Renault, but any partnership is good. Fiat Chrysler is not facing very good times, and it seems it’s getting worse as the time passes.”The thing that both companies haven’t so much invested in the electrification of its vehicles and both cannot say they have a significant presence in China. However, Munoz says that a two-companies-combo could help them enter the pretty profitable commercial vehicle market in Europe.Nevertheless, this won’t be as easy as it might seem. Volkswagen in July announced it will partner with Ford Motor Co. on electric and self-driving car technology. Toyota Motor Corp. is also collaborating with Subaru Corp. and China’s BYD Co. The Indian owner of Jaguar Land Rover also said earlier they are searching for new partners for the British automaker but will not sell the unit.As one of the biggest shareholders of PSA, whose brands also include Opel and Vauxhall, the French government has signaled support for a deal, but warned it would inspect the ruling body of the new company, as well as its commitment to build a European battery-maker.French Finance Minister Bruno Le Maire said:“The operation responds to a need in the auto industry for consolidation to face the challenges of the future.”The truth is, the French government likes the new deal because the products of both companies are quite complementary ones as well as geographically fit.PSA Group and Fiat Chrysler Automobiles to Create the World’s Fourth Largest Carmaker
Coinspeaker Ethereum Price & Technical Analysis: ETH Keeps Selling, Bearish Activity SubsidingDmitriy Gurkovskiy, Chief Analyst at RoboForex, shares his vision on the possible scenarios of price movements for Bitcoin and some popular altcoins.ETH/USD price analysisTether has transfered 300 million tokens to the Ethereum blockchainThe CFTC is ready to approve the ETH futuresOn W1, the downtrend has slown down for a correction. The current dynamics, upon approaching 61.8% ($146.68) Fibo, start looking as a triangle. It should be mentioned that the quotations have escaped the upper border of the current channel and may test the resistance line of the main long-term channel. The aim of the test may be at $221.50. However, as long as the mid-term movement may be characterized as a pullback only, there is another decline to the year’s minimum of $80.86 expected after it. Further decline is confirmed by the descending lines of the MACD.Photo: Roboforex / TradingViewOn D1, the ETH/USD quotations have formed a correctional flat after a convergence on the MACD. The movement is constricted by the support and resistance levels at $153.30 and $199.50, respectively. We might suppose that a breakaway of one or the other border will signal further development of the situation.Photo: Roboforex / TradingViewOn H4, the quotations have begun a correction after testing and bouncing off the upper border of a flat. It is also worth mentioning that the Stochastic has entered the overbought area and formed a Black Cross. This suggests a potential decline to $166.60 and then to the support at $153.30.Photo: Roboforex / TradingViewTether has switched from Omni to the Ethereum blockchain, transferring 300 million tokens from the former to the latter system. There was a third party involved in the transition process, however, it is not revealed. The overall supply of the cryptocurrency remained without change. Currently, the USTD share on the Ethereum blockchain is evaluated as 44%, which is more than there were tokens remaining in Omni (39%).The Ethereum makes a decent profit on the commission fees for using its blockchain. Tether is known to have spent no less than $378,000 on the fees this month only.According to the CFTC chairman Heath Tarbert, the commission is ready to consider and even approve the application for launching the Ethereum futures; however, there have been no such applications submitted yet. The financial regulator could consider such applications as a part of the routine and approve them for those companies that comply with its rules. Such contracts are likely to appear in six to twelve months.The demand for the ETH futures may be higher than that for the BTC futures that are already functioning on certain exchanges.Ethereum Price & Technical Analysis: ETH Keeps Selling, Bearish Activity Subsiding
Coinspeaker 3iQ to Launch Closed-End Bitcoin Fund for Retail Investors in Canada3iQ Corp (3iQ), Canadian investment fund manager received approval from the Ontario Securities Commission (OSC) to launch a closed-end Bitcoin fund to retail investors. OSC panel has not placed any conditions on the Bitcoin fund, such as restricting the entities with whom the fund could purchase and sell Bitcoin, and addressing insurance requirements for the fund’s bitcoin held in wallets.3iQ has taken reasonable steps to mitigate the risks associated with the fund and the Bitcoin markets through the structure of the fund and the use of professional and qualified third-party service providers. 3iQ has said that custody, audit, purchases and pricing would be secure and compliant with existing regulations.The net asset value of Bitcoin Fund’s units would be published daily and would reflect the changing value of the bitcoin held by the fund. Retail investors would be able to buy and sell the Bitcoin fund through traditional and discount brokers, and the investments would be eligible for registered retirement savings plans (RRSPs) and tax-free savings accounts.Gemini Trust Company, a well-known New York-based crypto exchange and trust firm, will fulfill the functions of the custodian of the Bitcoins in the fund. Gemini is required to store the virtual assets in a trusted and compliant method to manage the fund. 3iQ has also partnered with asset manager VanEck to develop an innovative Bitcoin benchmark from VanEck’s MV Index Solutions, a regulated index provider in developing cryptocurrency indices and data series.3iQ currently manages two digital asset funds including the 3iQ Bitcoin Trust and the 3iQ Global Cryptoasset Fund, two private investment funds which hold Bitcoin only and Bitcoin, Ether and Litecoin respectively. These funds are eligible for investment by accredited investors in Canada or in reliance on other exemptions from the prospectus requirement.3iQ expects to syndicate the offering as soon as possible and hopes to have the fund listing and trading later this quarter. A listed fund will gain more traction from a wider retail investor audience and further validate the crypto investment while providing a more secure environment.3iQ to Launch Closed-End Bitcoin Fund for Retail Investors in Canada
Coinspeaker New Apple’s iPhone 12 Line Could Finally Get 5G Modem Chips in 2020In order to hold a throne of the world’s most innovative tech company, Apple is detected to deploy providers in order to make its first-ever 5G iPhones next year (“innovative” obviously doesn’t have the same meaning for Apple as for the rest of the world). As per Nikkei’s sources, there are three flagship models set to include the most advanced mobile processors that now exist including the leading-edge screens.The company hopes that upgraded iPhones will prevail over Huawei‘s current position as the second-biggest smartphone maker.The truth is – Apple is pretty slow in embracing new technologies when it comes to its products – whether it is 5G or a touch screen on its iMac. iPhone 11 series that Apple presented this year only features 4G wireless technology. Its competitors as are Samsung Electronics, the world’s largest smartphone supplier, China’s Huawei Technologies and second-tier companies as Oppo and Xiaomi, have all already launched their 5G phones.China is most advanced when it comes to installing 5G capabilities around the country. By 2025, it is predicted the country will have 600 million 5G subscribers, about 40% of the world coverage.For now, it is estimated that a total of 206 million new 5G phones will be produced worldwide in 2020.Joey Yen, a tech analyst at market research agency IDC, said:“Apple is lagging behind somewhat in introducing 5G products and it definitely wants to catch up. 5G is one of the fanciest marketing buzzwords around especially in such a mature and competitive market. It is a feature that can grab consumer attention and allow companies to claim they are technology leaders.”Louis Liu, research analyst at Shanghai-based Canalys claims:“Apple is more prepared than previous years to face strong headwinds in China. But it still faces a looming challenge, as Chinese vendors and operators are set to drive heavy marketing and promotions around 5G in the next two quarters. This could steal its thunder.”The three new iPhones should, therefore, have the most advanced 5G modem chip, known as X55, designed by US mobile chip developer Qualcomm, four people familiar with the situation told Nikkei. However, since the chip, which also enables a lot faster downloads, faces such a demand growth that there could be some supply limitations.The iPhones will also feature Apple’s latest-generation processor, known as A14, that will use the world’s most advanced 5-nanometer chip technology made by Taiwan Semiconductor Manufacturing Co.At least two of the three new phones will have OLED displays that enable curved screens, better color contrast, and brighter screens. Samsung and Huawei of course already are using OLED screens for their premium handsets.From the company, they announced the developing of a new 3D sensing rear-camera that can recognize objects for applications such as augmented reality games.It is still not completely sure what kind of public response these measures will have. The truth is, in its latest earnings report, Apple confirmed iPhone sales fell by 9% but still came in above expectations. Its revenue in the fourth quarter of fiscal 2019 stood at $64 billion, increasing 2% from the same period a year ago and topping analysts’ estimates. Diluted earnings per share (EPS) rose 4% year on year to a fourth-quarter record of $3.03. At the time of writing, the stock of Apple in premarket was rising by 1.94% to $247.99.New Apple’s iPhone 12 Line Could Finally Get 5G Modem Chips in 2020
Coinspeaker Facebook Shares Jump in Response to Impressive Third Quarter EarningsFacebook is one of the most attacked companies in the world as it always seems to be swimming in one legal or regulatory battle or the other (especially in relation to its Libra project), at pretty much every point in time. However, the social media giant is still also one of the world’s most successful companies and has proven it time and again, most recently with its recent third-quarter earnings figures. Facebook’s numbers exceeded expectations and well enough for its stock (FB) to hit $198.01, a rise of over 5% in after-hours trading, in response to exciting figures posted for its Q3 earnings.According to an official publication, Facebook pulled in a $17.65 billion revenue, almost $300 million more than the predicted $17.37 billion, and 29% year-over-year. Earnings per share also stood at $2.12, as opposed to a prediction of $1.91 with these two exceeded forecasts set by Refinitiv, a financial market data provider.FactSet, another provider of financial data analysis, put the company’s active daily users at 1.61 billion with monthly users at 2.45 billion. Facebook, however, hit FactSet’s target at 2.45 billion which is still 1.65% higher than the 2.41 billion from Q2, but exceeded the active daily users figure, hitting 1.62 billion which is 2% higher than last quarter’s 1.587 billion. FactSet also set $7.09 as Facebook’s average revenue with the company exceeding that as well, reaching $7.26.Facebook as a whole, with all of its different apps, boasts a cumulative 2.8 billion active monthly users, still an increase from its second-quarter figures. Facebook ads have also been an amazing channel for income and continue to grow, even in an online ad industry that includes Google. Regardless, there has been considerable growth in ads on Instagram as well as its Stories feature. Mobile advertising seems to be the cash cow as it represented 94% of Facebook’s total ad revenue. This shows a 2% growth from 92% of total ad revenue in the same period last year.Further growth was also seen in specific jurisdictions including an increase from 286 million to 288 million in active daily users in Europe, from Q2. Furthermore, the number of users in the U.S. and Canada also increased from 187 million in Q2 to 189 million in Q3.Refinitiv has predicted that figures from Q4 would be a 24% growth, which would mean a percentage reduction of about 5 points from Q3’s 29%. Facebook Chief Financial Officer Dave Wehner seemed to corroborate this as he has also added that Q4 growth would ease up a bit, although the drop would be a single digit.Facebook CEO Mark Zuckerberg has highlighted the Q3 growth and also suggested that the company is not just concerned with growth, but also interested in using the platform to improve lives. He stated:“We had a good quarter and our community and business continue to grow. We are focused on making progress on major social issues and building new experiences that improve people’s lives around the world.”Regarding this move, Facebook launched two new features including Facebook News in partnership with several major media platforms, as well as Preventive Health, a feature that allows users to be more proactive about health issues, in a bid to prevent serious complications.Facebook Shares Jump in Response to Impressive Third Quarter Earnings
German banks have recently presented a position paper in which they argue in favor of a digital euro.
The paper was released yesterday by the Association of German Banks (Bankenverband). Its members number more than 200 private commercial banks. 11 of the member associations have stated that the economy has a drastic need for a “programmable digital euro.”
According to some of the members, the monetary policy should be controlled only by the state. The paper states that all responsibility for the monetary system belongs to the sovereign nations. It’s mentioned that if the currency provided by banks or private companies does not fit into the state-determined system, instability and chaos will be the most likely results.
Most banks agree that a digital euro will become a necessity sooner or later
The banks argue in favor of a cryptography-based digital euro. According to them, the currency should be created on the condition that a concurrent, common, pan-European payments platform is also developed simultaneously.
Bankenverband however, believe that such a system will only be possible if it’s based on a common standard and a common currency. The main priorities should be to reduce transaction costs, satisfy customers and maintain Europe’s competitiveness.
This of course led to the mentioning of Libra. The paper stated that if the digital euro is set to compete with other official key currencies in the world economy, as well as Libra, this would most likely cause incredible economic and political conflicts.
Olaf Scholz, the German finance minister, recently advocated in favor of launching a digital euro. He also expressed his worries that China, the United States and Russia should not go uncontested in a new field, which will prove to be the main battleground for economic superiority in the next few years.
You can also check out:
Biggest HODLers in Crypto Revealed: Crypto Exchanges
Money Printing Hasn’t Stopped: Sleepwalking Towards a New Crisis
Lazarus APT Developed New Malware Targeting Apple Mac
The post Digital Euro is Requested by the German Bankenverband appeared first on CoinStaker | Bitcoin News.
Cell phone and internet provider AT&T isn’t putting up with allegations that it allowed SIM-swapping to occur. It is now readying itself for what will no doubt be a harsh legal fight against those who are seeking reparations due to potential AT&T employees that might have played a part in millions of crypto funds being stolen over the past several months.
SIM-Swapping Is a Huge Problem
SIM-swapping is a very deadly (but also popular) tactic utilized by several members of the cyberthief community. The process involves gaining access to a person’s personal data such as their social security number and their birthdate. With that information, a hacker can potentially call the person’s cell phone provider and claim to be them. By presenting the personal information they possess, they act like the original owner of the account and ultimately have their data transferred to a SIM card that the hacker possesses.
If this doesn’t work, they simply try bribing the employees they call for information, and sometimes this works. According to the latest lawsuits, this is potentially what happened, though AT&T claims it is not responsible for the actions that were taken.
At the center of the mess is a suit being brought forth by Seth Shapiro, who says that he had nearly $2 million in crypto funds stolen from him when a hacker gained control of his cell phone and began directing digital money into a separate account through the alleged aid of AT&T customer service personnel.
A representative of the tech giant named Jim Greer issued a statement regarding the case, explaining:
It’s unfortunate that Mr. Shapiro [the customer] experienced this, but we will be disputing his allegations. We look forward to presenting our case in court… Recent high-profile cases reinforce the importance of businesses and consumers taking steps to protect against SIM-swap fraud, such as not using mobile phone numbers as the single source of security and authentication.
Sadly, things aren’t looking great for AT&T considering this isn’t the first time it’s been accused of taking part in malicious action towards its customers. In August, it was revealed that several of the company’s employees planted malware on users’ phones and then removed their numbers from the AT&T network in exchange for thousands of dollars in bribes.
AT&T Is Being Struck from Every Angle
In addition, Michael Terpin claims he was the victim of a separate SIM-swapping case that saw him lose approximately $24 million in crypto funds at the hands of a hacker. He’s presenting his own case against AT&T and seeking more than $220 million in damages. After a short court examination, a federal judge last July decided that the case is valid and can proceed as originally planned.
Thus, it looks like AT&T is going to be getting hit from all sides over the next few months.
The post AT&T Says It’s Not Responsible for SIM-Swapping, Prepares for Court Battle appeared first on Live Bitcoin News.
Coinspeaker Why the Market Needs so Many Crypto ExchangesThis October, at Blockchain Life 2019, Europe’s largest cryptocurrency and blockchain forum, a blockchain project Serenity presented the White Label of a cryptocurrency exchange, as well as a cryptocurrency exchanger, margin trading platform and blockchain escrow technology for Forex brokers, all of which was met with great enthusiasm from the attendees. Despite the fact that a good part of the forum participants were crypto exchanges – which reflects the current market situation – new startups continue to create more platforms and build infrastructure around them. Anton Vasin, CBDO of the project, shares his view on the situation on the market.Aren’t There Too Many Crypto Exchanges Already?Crypto exchanges are commonly known to be a part of the industry with the most intense competition. One might even think that the supply grossly exceeds the demand. However, the real market isn’t done with new crypto exchanges yet. Under the conditions of fierce competition, most crypto exchange startups don’t survive. In an emerging market, it’s a natural process.Traders Are ‘Natural Cleaners’ of the MarketOne of the main tendencies in today’s cryptocurrency trading is the departure from fundamental analysis of crypto-asset prices in favor of the classic types of mathematical or technical analysis. Due to this, various kinds of automation – like EAs – are getting more popular, which effectively increases the number of traders.With so many exchanges offering the same instruments on the underdeveloped market, arbitration becomes the most progressive sphere. It can exist both within one exchange and between several different ones. The more such arbitrators there are, the stronger the overall interconnection is, while the liquidity becomes free-flowing and universal. It ultimately propels the development of the whole market and protects it from sharp swings. One of the solutions – liquidity aggregation – also works towards the pooling of liquidity.How Exchanges Compete for ClientsYoung startups are rarely able to offer something that would lure clients from the top exchanges like Binance, Kraken, Bitfinex. However, a new exchange can create something unique to carve out a certain niche and draw the attention of a particular audience.Competition between exchanges, of course, leads to the advancement of technology and lower commission rates. Furthermore, an increase in market participants makes cryptocurrencies less vulnerable to manipulations by the whales. Earlier it was possible to throw 100-200 million worth of Bitcoins into one exchange and drop the whole market by 20-30%, then buy more of it dirt-cheap, but it becomes much more difficult now that the exchanges are strongly interconnected.The competition within the sphere of blockchain technology also has a positive impact on trading. Right now, one of the key elements of any startup exchange is market-making (or liquidity aggregation, which is more technologically advanced and less costly). With market making or aggregation and strong support of trading instruments, it’s possible to provide service on par with the most successful exchanges. It’s important to recognize the market tendencies a bit faster than your competitors and act on them in time. Moreover, a small exchange can integrate a new high-demand service much faster. This is what allows them to be in the competition and see the growing demand for their products.Why the Market Needs so Many Crypto Exchanges
Coinspeaker Jack Dorsey Invests $10M in the Startup ICO Platform CoinListToken offering platform CoinList raised $10 million with a little help from Twitter and Square CEO Jack Dorsey. CoinList was founded back in 2017 as a spin-off of AngelList, and it acts as an ICO exchange platform that at first received support from investment company Polychain Capital, and upraised more than $9 million in its virgin funding tour. Since then, the company is directing regulatory rules concerning initial coin offerings (ICOs), a popular capital acquisition vehicle for emerging projects.On Wednesday, CoinList announced the closing of their funding round led by Polychain Capital and said that Dorsey and Collaborative Fund had re-joined. The raised assets will be used for the additional growth of CoinList Trade. This is a newly founded exchange platform that also comes along with a crypto wallet.According to the company’s blog post, CoinList Trade cryptocurrency exchange commited itself on providing financial services “so that token creators can focus on what they do best: building world-changing products.”Since then, as per blog, the company has done exactly that. The company writes:“We’ve worked with top projects to power their token sales and helped them drive towards their objectives of creating key pieces of the future of crypto: a decentralized data – Filecoin; a developer-friendly decentralized platform – Blockstack; a stable, fast, and scalable network – Algorand; human-usable products to drive adoption – Origin and many others.”The latest funding round follows a 2018 Series A joined by Polychain Capital and Digital Currency Group and Dorsey’s investment should allegedly be his first in the platform, which some media said were helping companies raising around $800 million in tokens since August 2017.Always very loud Bitcoin advocate, Dorsey earlier this year founded Bitcoin-only developer subsidiary at Square and recently came out as strictly opposed to the Facebook-initiated Libra project, which he called “not consistent” with Twitter’s values.In a statement Dorsey gave to Wall Street Journal, he noted the San Francisco-based firm showed itself as an honest answer for coin launches.He said:“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step.”In the blog, the company notes it has helped projects with token sales, but there’s a natural next step.CoinList Trade is, per the blog, a cryptocurrency exchange for the most impactful token projects. Users can sign up for the waiting list while expecting to launch out of the gate with trading available in 38 US states and many international jurisdictions. Also, there will be ACH and wire transfers so users can keep a US dollar-denominated wallet. As per crypto, there will be trading pairs with BTC, ETH, ALGO, USDC, and USD — “with more to come soon.” Also, there will be enabled a full integration with the existing CoinList account of the user.Be it as it may, ICOs are still hardly accomplished since they are constantly under the pressure of the U.S. Securities and Exchange Commission (SEC). Earlier this month, the messaging platform Telegram’s token distribution was stopped because of the SEC’s emergency restraining order over the company’s $1.4 billion offering. The SEC and Telegram are now awaiting the court trial that should happen on February 18–19.Jack Dorsey Invests $10M in the Startup ICO Platform CoinList