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In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as next month. The claim was quoted in multiple reports, although never double-checked or substantiated.
Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It
A report published by Mosaic has found the Asian region to be exerting a leading influence within the cryptosphere, despite China’s ongoing crackdown on digital asset platforms. The study finds Asian news events to have a significant effect upon BTC price volatility and highlights the increasing number of cryptocurrency exchanges targeting Asian traders.
Also Read: Bitcoin ATMs Double in Number This Year
The report asserts that major Asian news events have a significant effect on BTC price fluctuations, estimating that since 2013, “11 major headlines from the Asian region have been responsible for [BTC] price movements.”
Despite most cryptocurrency still stuck in the dirt right now, it appears things will turn around at some point in the near future. The XRP price is an exciting example in this regard, as it notes a small gain while Bitcoin is still down by 7% and more. A wave of fresh news will push the value of this asset even higher in the coming weeks.
Some are saying this year is going to be the year that gaming dominates the crypto headlines, and from what we have seen so far it is not something we would like to short.
Billions of gamers worldwide have been buying into tokenized gameplay for many years, with all manner of in-app purchases for coins and other digital items. However, the blockchain now has the potential to disrupt the gaming sector forever, by decentralizing ownership of these digital assets on the blockchain using smart contracts, in a similar way the internet and mobiles changed the way we now play games.
