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What’s Sony Planning With Obscure New PlayStation Cartridge Patent?

  • Sony files patent for PlayStation cartridge in Brazil.
  • Resembles chunky Nintendo 64 cartridges.
  • Is Sony planning a new handheld device to rival Nintendo Switch Lite?

Sony Interactive Entertainment filed a patent for what appears to be a PlayStation cartridge patent with the Brazilian INPI patent body on Nov. 5.

PlayStation Cartridge Patent

The news comes courtesy of Dutch site LetsGoDigital, the same publication responsible for uncovering the PlayStation 5 dev kit registered via the same office back in June. That specific rumor turned out to be accurate, so we can take this one with a degree of credibility.

The cartridge design was registered by the same person as the PS5 patent, Senior Art Director at the Corporate Design Center of Sony Interactive Entertainment, Yujin Morisawa. Morisawa has had a hand in most of the PlayStation products in the past 15-years, which suggests the cartridge is somehow linked to the brand.

Sony filed a patent for this cartridge design. | Source: INPI ((Instituto Nacional da Propriedade Industrial) Brasil

The registration comes with one illustration that shows a chunky rectangular block reminiscent of the Nintendo 64 cartridges. There seems to be a device connection point near the bottom. As well as an indentation near the top that is presumably for game title/art labels.

Sony registered the cartridge as an electronic game accessory, but beyond that, there’s very little to go on.

A New Handheld Console?

Sony has pushed out four (nearly five) iterations of its standalone PlayStation home console, but none of them have ever employed cartridge-based media in any shape or form. As such, we’re at odds to understand how Sony plans to incorporate the cartridges into the PlayStation 5 eco-system. Especially, as we already know it will feature a Blu-Ray disc drive.

As such, a new device seems the most likely contender. But, once again, we can throw a few spokes in the wheels of that possibility. Sony used physical cartridges in the PlayStation Vita (before ceasing production earlier this year), but explained several times that it was moving away from handheld consoles. The gaming giant stated the advent of mobile gaming and the lackluster response to the Vita as obstacles.

Spurred on by the success of Nintendo Switch Lite, is Sony planning to return to the handheld market? Or, are we in the midst of some bizarre trolling ploy on Sony’s part?

This article was edited by Samburaj Das.

Thomas Bardwell , 2019-11-10 12:14:32

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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