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Lucasfilms Announces Open-World Star Wars Game To Be Developed by Ubisoft

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Following yesterday’s news that LucasFilms is partnering with Bethesda to make an Indiana Jones, the production company has today told Wired it will also join forces with Ubisoft to create an open-world Star Wars game.

The deal marks an end to EA Games’ exclusive rights to Star Wars as a video game IP, which has seen just four Star Wars games released in over eight years and several canceled.

Sean Shoptaw, senior vice president of Global Games and Interactive Experiences at Disney, said in a statement:

“EA has been and will continue to be a very strategic and important partner for us now and going forward… But we did feel like there’s room for others.”

Still, it’s likely we won’t see Ubisoft’s first effort for quite some time. The project is still in the very early stages of development. Indeed, Ubisoft Massive, the studio charged with its production, is still recruiting its team.

Details are thin in terms of what we can expect from a gameplay standpoint, but we do know that Julian Gerighty, director of The Division 2 and The Crew, is heading the new project. Also, that it will use Massive’s Snowdrop Engine, which powers The Division games, as well other titles like Starlink: Battle for Atlas.

Ubisoft CEO Yves Guillemot weighed in with his own statement:

“The Star Wars galaxy is an amazing source of motivation for our teams to innovate and push the boundaries of our medium. Building new worlds, characters and stories that will become lasting parts of the Star Wars lore is an incredible opportunity for us, and we are excited to have our Ubisoft Massive studio working closely with Lucasfilm Games to create an original Star Wars adventure that is different from anything that has been done before.”

In what will come as music to the ears of Star Wars fans who have longed for more substantial single-player games, Lucasfilms’ decision to partner Ubisoft is being driven an interest in the development large, storydriven Star Wars games.

President of Lucasfilm Kathleen Kennedy explains:

“As we look to the next 50 years of Lucasfilm, we look forward to continuing the wonderful legacy in games, which has introduced so many memorable characters and stories. These new collaborations will allow the Lucasfilm Games team to pursue fresh and exciting directions in the storytelling of Star Wars and Indiana Jones in imaginative and different ways than those explored by our films.”

The last major Star Wars game to launch was Motive Studios’ Star Wars: Squadrons, which Twinfinite reviewed back in October of last year and thoroughly enjoyed.

Source: https://twinfinite.net/2021/01/lucasfilms-announced-open-world-star-wars-game-to-be-developed-by-ubisoft/

Blockchain

Binance Coin, Neo, Enjin Price Analysis: 05 March

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Binance Coin was heading towards $205 after Bitcoin fell below $49k on the price charts. Neo also moved below a strong level of support, with bearish momentum likely to push the price to as low as $32 over the next few days. Finally, Enjin pictured buyers’ exhaustion after making remarkable gains over the past week.

Binance Coin [BNB]

Binance Coin, Neo, Enjin Price Analysis: 05 March

Source: BNB/USDT on TradingView

The bounce from $210 to $270 towards the beginning of March was not a recovery as sellers asserted themselves around the $270-mark and took control of the market. Since then, they have pushed BNB below the $230-retracement level. The $200-$205 zone is the next area of interest where the market’s bulls could take a stand.

The Awesome Oscillator pictured bearish momentum on the rise as it crossed over into bearish territory on the 4-hour chart. The OBV also noted steady selling pressure over the past few days.

A bearish retest of $230 can be used to enter a scalp short position, with take-profit at $205 and a stop-loss of $236 or $240 to give a little more breathing room.

Neo [NEO]

Binance Coin, Neo, Enjin Price Analysis: 05 March

Source: NEO/USDT on TradingView

As the Volume Profile Visible Range showed, while the Point of Control at $37.13 (red) has been a level that bulls have tried to defend over the past week, it appeared to have been ceded to bearish pressure in recent hours. The MACD formed a bearish crossover and dove under zero on the charts.

The 38.2% retracement level and the 50% retracement level at $35 and $32, respectively, are levels that can witness NEO bounce. However, as the VPVR highlighted, the $30.5-$32 zone will be the next area of notable trading activity and the area where NEO is more likely to find strong support, than at $35.

Enjin [ENJ]

Binance Coin, Neo, Enjin Price Analysis: 05 March

Source: ENJ/USDT on TradingView

In hindsight, it is quite simple to spot bullish exhaustion, but quite hard to be certain of it in real-time. The candlewick up to $1.51 for ENJ was followed by a strong momentum bearish candle, and this development confirmed that ENJ bulls have run out of steam, at least in the short-term.

The Stochastic RSI dove into the oversold territory while the RSI also began to drop lower from extremely overbought values, registering a value of 69 for the most recent, closed trading session.

The next level of support for ENJ was the 23.6% retracement at $1.07.


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Source: https://ambcrypto.com/binance-coin-neo-enjin-price-analysis-05-march

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Blockchain

Should Tesla sell its Bitcoin position? Here’s a former Goldman Sachs exec’s take

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Bitcoin‘s characteristics and its recent price rally have both contributed to companies gravitating towards it, with Tesla, the prominent American electric vehicle and clean energy company, being one of them. In fact, CEO Elon Musk’s support for Bitcoin may have also prompted the company to include Bitcoin in its portfolio. However, with the cryptocurrency market correcting itself over the past few months, Tesla has seen some heavy losses.

When Tesla had announced its investment of $1.5 billion in Bitcoin, the stock price for TSLA was also climbing, with the same hitting $900 in late January. However, since hitting an ATH of over $58,000 on the charts, drawdowns have been the norm in the cryptocurrency market, with BTC trading under $50,000 for most of the past few days. Needless to say, Bitcoin’s retracement has impacted TSLA’s position in the stock market too.

Over the last month or so, the value of TSLA has fallen by 31% from $871.60 to $600. At the time of writing, TSLA was being traded at $621.44. Curiously, such a fall in the value of the stock was visible all across the stock market.

Consider this – Microstrategy was also noting a tough situation in the short-term. The company completed its acquisition of $15 million in BTC on 3 March, despite the fact that its stock’s value has dropped by almost half since its ATH on 9 February.

With major institutions noting a tough time at the moment, former Equities CIO of Goldman Sachs believes that Tesla should sell its Bitcoin and buy back shares of the company. In a recent thread, Gary Black noted,

“Imagine the positive momentum $tsla would create if they announced the sale of their #btc position, and authorized a $tsla stock buyback instead. Highly unlikely, but shareholders would be very supportive.”

Back in February, after Tesla announced its Bitcoin investment, Black had exited his TSLA position citing “risky capital allocation.”

Here, it’s worth noting that TSLA’s falling value is not just a consequence of a correcting crypto-market. Instead, many global events have contributed to the same. For instance, according to reports, Tesla has been reprimanded by the Chinese government over quality control issues.

Further, it’s perhaps unfair to single out TSLA or MSTR. After all, the falling trend was visible in other markets too. The S&P 500, for instance, has noted a 4.1% drop over the past month.

According to some, the performances of Tesla and MicroStrategy stocks have led to some traders losing confidence in the same and quitting their positions. Billionaire investor Ron Baron’s firm, for instance, has reportedly sold 1.8 million shares of Tesla for clients. It must be noted though that the billionaire still believes that the value of the stock will grow to $2,000 over the next 10 years.

Although time will tell what fate has in store for TSLA and Bitcoin, the market may want to pay closer attention to the strengthening correlation between equities and the crypto-market.


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Source: https://ambcrypto.com/should-tesla-sell-its-bitcoin-position-yes-says-former-goldman-sachs-exec

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Blockchain

SEC responsible for $15 billion in damages to XRP holders: Ripple

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Weeks after the United States’ Securities and Exchange Commission filed an amended complaint in its lawsuit against Ripple Labs, the latter has now filed an official response, with the same asserting that the SEC is picking virtual currency winners and losers by exempting Bitcoin and Ether from the scrutiny of similar regulations.

According to Ripple, XRP was designed to be a “better Bitcoin” and more secure because control over the XRPL is more distributed.

Ripple’s response also pointed out that the mere filing of the SEC’s complaint has caused immense harm to XRP holders, cutting the value of their holdings substantially and contributing to numerous exchanges, market makers, and other market participants ceasing trading activities involving XRP. The blockchain firm argued that in bringing a case that alleges an unregistered securities offering of just over $1.3 billion from several years ago, the SEC has already caused more than approximately $15 billion in damages to those it “purports to protect.”

The 100-page document also went on to accuse the SEC of mischaracterizing several items on the record, including the claim that Ripple’s sales of XRP constituted a “significant part” of the XRP. According to Ripple, these sales constituted less than 0.4% of the total XRP transaction volume in nearly all periods.

To conclude, Ripple equivocally denied all charges in the SEC’s amended complaint, calling the allegations “overarching.”

“We’re looking forward to learning more about the SEC’s meetings with major XRP market participants who asked for guidance but were never told that XRP transactions would be subject to federal securities laws,” Stuart Alderoty, Ripple’s General Counsel, added on Twitter.

The timing of the said development is interesting, especially since it came just a day after Ripple execs Brad Garlinghouse and Chris Larsen filed motions to dismiss the amended complaint.


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Source: https://ambcrypto.com/sec-responsible-for-15-billion-in-damages-to-xrp-holders-ripple

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