Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it “a very high-risk situation.” | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN. Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by...Read More
The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders...Read More
Bitcoin ticker symbol “BTC” saw a sudden spike in interest on Google, but could the search engine results be manipulated? And why? | Source: Shutterstock Interest for “BTC” has exploded to a new record on Google Trends as search results for bitcoin’s ticker symbol skyrocket. The phenomenon started around August 30, when “BTC” searches suddenly...Read More
The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN. The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover...Read More
In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $9000. | Source: Shutterstock The bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high,...Read More
The European Union’s AntiTrust Chief is scrutinizing Facebook’s much-publicized crypto, Libra. | Source: Shutterstock EU regulators are investigating if the Facebook Libra “cryptocurrency” poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust chief of the European Union. She’s gravely concerned that Libra could violate antitrust laws. EU: Facebook...Read More
The current state of the altcoin market is woeful, to say the least. The majority of crypto assets are still down over 80% from last year’s all-time highs and most of them are looking to remain there for a while longer. The bottom line is that many are destined to die and will get usurped...Read More
Burundi’s central bank has enforced an outright ban on crypto trading. | Source: Shutterstock Burundi’s Central Bank has completely banned crypto trading in the country, specifically mentioning bitcoin, ethereum and a handful of other cryptocurrencies. The East African nation is also warning that “strong measures could be taken” against traders who flout the ban, in...Read More
Samsung’s flagship Note 10 is getting a special crypto edition in South Korea. | Source: REUTERS/Toby Melville Samsung launched the KlaytnPhone in South Korea on Thursday, a spinoff of the Galaxy Note 10 equipped with blockchain apps and a cryptocurrency wallet. It furthers Samsung’s position as the most crypto-friendly smartphone maker, putting it lightyears ahead...Read More
Crypto startups Coinbase and Ripple have dropped from top-10 positions to No. 28 and No. 29, respectively, on LinkedIn’s 2019 top 50 startups list. | Source: Shutterstock; Edited by CCN Despite being a relatively new sector, the blockchain and cryptocurrency space can this year boast of having two crypto startups, Coinbase and Ripple, in the...Read More
BitMEX accuses Binance of plagiarism, but it’s not long before the two bitcoin exchange giants kiss and make up on Crypto Twitter. | Source: Reuters (i), Distributed/YouTube (ii). Image Edited by CCN. Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in...Read More
Bitcoin’s the best bet for a cryptocurrency, says Twitter CEO Jack Dorsey. | Source: Photo by Prakash SINGH / AFP As Facebook’s Mark Zuckerberg faces a firestorm of criticism for his Libra project, another prominent social media billionaire is staying on the side-lines. Jack Dorsey made it very clear in an interview with the Sydney...Read More
Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: Shutterstock Are you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio. That’s because an expert in classical charting principles warns that buying altcoins is...Read More
Bitmain, the world’s largest maker of bitcoin mining equipment, has been named the third hottest startup to work for in China. | Source: Shutterstock China has held the crown for being the home of some of the largest makers of bitcoin mining equipment for years now. According to LinkedIn, one of these bitcoin mining rigs...Read More
The correlation with bitcoin price is becoming obvious. | Source: Shuttertock Bitcoin (BTC) started this week off in good spirits, citing an impressive rise of around 8%. Interestingly, analysts are attributing some of this action to the close of the Chicago Mercantile Exchange (CME). Bitcoin’s 8% rise this week which left a gap in the...Read More
Bitcoin has had a volatile year and the clouds are gathering for stormy end to 2019. | Source: Shutterstock Too many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points. By tracking the lows, you see the steady accumulation of bitcoin. This is...Read More
U.K. Financial Ltd. will grant $500 worth of MYEX tokens used by Maya exchange, the company’s exchange backed by gold and silver. To get the reward traders have to purchase MAPR, Maya Coin and DFS listed on FatBTC and Catex, between September 1st and September 30th, and hold the coins until October 31st. Also, as...Read More
The esports sector has enjoyed a remarkable rise to prominence over the past decade and it has turned many professional gamers into millionaire superstars. Media rights deals are soaring, commercial sponsorships are on the rise, prize money is spiralling and the entire industry is an economic juggernaut. People pack into stadiums to watch teams of...Read More
An illegal crypto mining operation involves hijacking multiple internet cafes, bribery and some 100 million yuan in crypto. | Source: Shutterstock Fifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million)...Read More
VanEck and SolidX are reportedly selling a “limited version” of a bitcoin ETF after every BTC ETF proposal has been rejected by the SEC. | Source: Shutterstock Primarily targeting institutional investors, VanEck and SolidX are reportedly selling a “limited version” of a bitcoin exchange-traded fund (ETF) after every bitcoin ETF proposal has been rejected by...Read More
The Dutch Central Bank is putting crypto companies on notice, saying it will even include their shareholders under its microscope. | Source: Shutterstock The Dutch central bank has run out of patience with the crypto space. The De Nederlandsche Bank (DNB) put certain players on notice that they have until 2020 to register. That’s when...Read More
VanEck plans to launch a bitcoin fund designed for institutional investors that The Wall Street Journal falsely describes as a “limited version of a crypto ETF.” | Source: Shutterstock The bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over...Read More
Bitcoin bull Anthony Pompliano wants Satoshi Nakamoto to win the Nobel Peace Prize, but other crypto fans aren’t sure that’s a good idea. | Source: Shutterstock Whoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize. The recommendation came from Anthony “Pomp” Pompliano, a...Read More
Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan in the latest quarter, according to Japan’s financial regulator, the FSA. | Source: Shutterstock Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan, according to the country’s financial regulator. In data posted Sept. 3, the Financial Services Agency (FSA) says the volume of crypto-related inquiries fell...Read More
PwC Luxembourg will accept your bitcoin for services rendered. | Source: Shutterstock The Luxembourg unit of the Big Four accounting firm PricewaterhouseCoopers has announced that its clients will be able to pay for services in Bitcoin a month from now. In a press release, PwC Luxembourg indicated that it will begin accepting Bitcoin payments from...Read More
Investment firms Van Eck and SolidX, two firms which proposed a Bitcoin ETF which did not receive SEC authorization, have decided to sell shares of the said financial product but while still being within SEC guidelines. According to The Wall Street Journal, the two companies’ alternate solution involves selling shares in a limited version of...Read More
In spite of its many controversies, Tether (USDT) still remains one of the best-traded cryptos in the world, with its market cap reaching its all-time high at $4 billion dollars. Tether has seen some rapid growths in terms of market cap, which has doubled since January and placed the coin in 6th position. But what...Read More
Tuesday’s bitcoin price surge launched BTC as high as $10,750 on Bitstamp, decimating $68 million worth of shorts in the process. | Source: Shutterstock Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most...Read More
Shorting bitcoin is an investment strategy that allows traders to gain from price drops. This concept works well for investors who are skeptical about Bitcoin’s future. When shorting, an investor borrows Bitcoin and sells it at the current market price. Later, you buy it back. This is done with the hope that by the time...Read More
Electronics company Samsung has applied for a blockchain-enabled Solid State Drive (SSD) patent, according to today’s report from industry news outlet Decenter. Samsung filed for a “programmable blockchain solid-state drive and switch” patent on Jan. 15 had it published on Feb. 2. There are no additional details regarding the new system, but it will allegedly...Read More
