Atari is venturing into a new business of cryptocurrencies with Atari Token. The company has partnered with a brand Infinity Network, which is the creator of blockchain based Atari Token. The company is also planning to create a new digital entertainment platform using the same. It looks like the crypto has already started to pay off, as the latest Bloomberg report suggests that, the stock of the company has already spiked up to 60%.
Atari is mainly known for arcade games and video games, but the name has been also associated with movies and music as well.
Infinity Network has signed up for a long-term contract to use the name Atari. In exchange for this, the French [...]
Bitcoin has reached an all-time high of over USD 9800 and is fast approaching the psychological USD 10000 barrier. At the current rate, it is worth more than seven times an ounce of gold. The cryptocurrency, which started the year at USD 1,000, had reached USD 5,000 by October.
Experts believe that the cryptocurrency is more volatile than ever. Neil Wilson, a senior market analyst at ETX Capital said:
Rather than a commodity or currency, bitcoin is like owning stock in a company that will only ever issue 21m shares and never pay a penny in dividends.
The only way it has value is if the next guy is willing to pay you more for it – the greater fool. With no [...]
Flash back five years and Bitcoin, the crypto-currency that so tantalized techies and excited investors were on the rise, but it is a completely different state of affairs today for this digital currency of the future. Its core community is at war with each other and ordinary consumers still don’t care about this supposedly revolutionary form of money.
Now making things more difficult for Bitcoin, the currency is facing a new issue which could spell doom for its existence. As of now, time taken for Bitcoin transactions to be processed has increased dramatically resulting in funds being stranded, and organizations are not accepting transactions in the [...]