Popular digital currency industry analysis Twitter account @Rhythmtrader states that almost 3,500 non-crypto companies have had their security breached so far this year. Well over a billion user accounts have been impacted by hackers.Although difficult to verify (RhythmTrader rarely cites where the figures quoted are from), some of the biggest examples have impacted hundreds of...Read More
Bitcoin broke our hopes again. We’ve watched it rise to almost $20 000 and drop back to $3k. In July with Bitcoin growing to $14k everyone expected it would skyrocket to $1 M. Unfortunately, anew, we see the falling star. So, what’s wrong about Bitcoin? Bitcoin is a decentralized currency, which means that no authority...Read More
Elon Musk, the billionaire CEO of SpaceX and Tesla, reiterated his calls to “nuke Mars” to prepare it for human colonization. | Photo by Mark RALSTON / AFP By CCN Markets: Billionaire Elon Musk, the CEO of Tesla and SpaceX, reiterated his calls to “nuke Mars!” on Twitter. It’s part of Musk’s previously announced proposal...Read More
Nevermind the double-digit price swings. Despite the day-to-day roller coaster ride of crypto markets, spiking demand in China and Argentina point to a pivot point for the largest digital currency – from risky bet to safe store of value. Demand in China and Argentina Soars as the Yuan and Peso Plummet According to Hong Kong-based...Read More
The IRS doesn’t take kindly to people purposefully evading taxes. This is especially true when those users are also cryptocurrency holders or traders. Despite sending out thousands of letters in recent weeks, the agency is already stepping up its game. A new version is making the rounds which is a lot more straightforward and firm. It...Read More
The Cardano Foundation, an organization responsible for driving adoption of Cardano (ADA), has joined forces with Konfidio, a Berlin-based blockchain venture studio, to promote the adoption of distributed ledger technology (DLT) by governments, large corporations and startups alike, according to a press release on August 15, 2019. Cardano Fostering Blockchain Adoption In a bid to...Read More
Bank of America Merrill Lynch recently surveyed fund managers and found that investors are the most bullish they’ve been on bonds since the end of 2008. But that popularity comes as long-term risks are developing for traditional asset classes. For these reasons, Morgan Creek Capital Founder & CIO, Mark Yusko thinks new types of protective...Read More
Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords. Coinbase announced the news in an official blog post on Aug. 16. According to...Read More
Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants,...Read More
Popular Fortnite player Yelo tells CCN what is behind his latest move to Enthusiast-owned Luminosity Gaming. | Source: Enthusiast Gaming By CCN Markets: You may never have heard of Enthusiast Gaming, but chances are you soon will. With sights set on consolidating one of the largest gaming networks in North America, Enthusiast is making more...Read More
Photo: Unsplash Last time we wrote of how Bitcoin futures contracts platform Bakkt was going to launch its services in the third quarter of this year. And now it will become possible thanks to gaining the approval from the NYDFS that would enable it to operate as a limited-purpose firm. CEO of Bakkt, Kelly Loeffler,...Read More
A recently concluded Nobl Insurance study reveals that the crypto market grew by a spectacular 48 percent in the period 2018 – 2019. Moreover, the study forecast that the American cryptocurrency market will continue to expand in the next 12 months. 25 Million Americans Are Considering Buying Crypto in the Next 12 Months Nobl Insurance...Read More
Those who are involved in or invested in Bitcoin, likely know full well the crypto asset’s long-term price potential and its potential to become the single global currency across the internet and beyond. They also know that Bitcoin has out-performed every asset in history, including anything the stock market has to offer, even including the...Read More
A Florida federal judge has denied self-proclaimed Bitcoin inventor Craig Wright’s motion to dismiss a lawsuit concerning the alleged theft of a huge amount in Bitcoins from a former business partner, Dave Kleiman. According to a court filing from August 15, Florida judge denied a request made by Craig Wright to scamper a lawsuit filed...Read More
The Ripple price is a screaming buy, according to market analyst Naeem Aslam. But should investors tread with caution when it comes to XRP? | Source: Shutterstock By CCN Markets: Since late June when the Ripple (XRP) price reached its 2019 high near $0.50, the cryptocurrency has plummeted nearly 50 percent. Currently, XRP is trading...Read More
The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to...Read More
Bitcoin price has been trapped in a symmetrical triangle for weeks now, bouncing back and forth between the top and bottom resistance and supports, making increasingly lower peaks and higher troughs, but breaking news surrounding Bakkt may have just ended any bearish pressure for the time being.The post appeared first on NewsBTCRead More
The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement funds on a single class, such as property or cryptocurrency, as reported by local news outlet, Micky, Aug....Read More
After a long wait, the highly anticipated Bakkt physically settled Bitcoin (BTC) futures product is almost a reality, as the company announced today that they are cleared to launch their platform and product in the coming weeks.This news has since spread like wildfire across the crypto industry and even led Bitcoin to spike nearly 4%...Read More
More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge. That’s the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether...Read More
July wasn’t exactly a banner month for crypto investors, but it turns out it was even worse for one of the world’s largest bitcoin trading platforms: BitMEX. BitMEX Just Had Its Worst Month Ever by One Key Metric Data curated by TokenAnalyst reveals that BitMEX, a cryptocurrency exchange that offers up to 100x leverage, suffered...Read More
Ben Brown Ben is a journalist with a decade of experience covering financial markets. Based in London, UK, his writing has appeared in The Huffington Post and he was Chief Editor at Block Explorer, the world’s longest-running source of Blockchain data. Reach him at benjamin-brown.uk, Twitter at _Ben_Brown or MuckRack. Email ben @ benjamin-brown.uk. The...Read More
In what will surely be a candidate for most hypocritical virtue signal of 2019, Gears of War 5 will not feature any tobacco use, with developer The Coalition aiming to avoid glamorizing smoking. The issue was first raised ahead of the Gears 5 Summer Series event this past weekend. Variety reports that broadcaster Turner was...Read More
Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token. The impetus,...Read More
The cryptocurrency market is as unpredictable as it gets. Volatility is always prominent and in order to predict an accurate trend, you almost need the ability to foresee the future. However, certain factors in chart analysis do not deceive, as prices often mediate between certain ranges. The breach of an estimated range or resistance is...Read More
By CCN Markets: Tesla stock is wildly over-valued and should be cut in half, according to Robert Medd of Bucephalus Research. Despite falling 35 percent in 2019 already, Medd believes Tesla stock has much further to crash. According to an interview with CNBC, he said Elon Musk is to blame for misleading investors over demand...Read More
Bitcoin price could rally to $10,712 in June amid current investor sentiment and the launch of Facebook’s ‘cryptocurrency’ GlobalCoin, according to a prominent analyst. Bitcoin to $10K in June? ThinkMarkets Chief Market Analyst Naeem Aslam has concluded that June will be a phenomenal month for Bitcoin price action. Historically, May has been the best performing...Read More
Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar.The price even broke the key $7,600 support level and it is currently recovering higher.There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from...Read More
By CCN.com: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018. It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? Whales are smart money These private, non-institutional buyers decided an 85 percent decline was a buying opportunity. The market sent...Read More
By CCN.com: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop. The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com) The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257...Read More
