A near million-dollar bitcoin ransom has secured the freedom of a kidnapped Chinese national in Sydney. | Source: Shutterstock The Chinese pre-university student who was reported kidnapped late last month in Australia for 80 Bitcoin has been rescued and reunited with his family. The Chinese Consulate-General in Sydney confirmed that the 20-year old Ye Jingwang...Read More
Facebook’s much-publicized and criticized crypto ‘Libra’ will see competition by one of the world’s biggest tech companies, Amazon, a report has claimed. | Source: Shutterstock; edited by CCN. Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’. They include Venus, an...Read More
Zhao Dong¸ a shareholder of crypto exchange Bitfinex, has stated that the Tether company intends to issue a USDT that will be pegged by a commodities basket consisting of gold, rubber, and crude oil. Today Dong revealed to Cointelegraph that the plan of launching Tether (USDT) backed by commodities basket was an initiative to moderate...Read More
Binance has revealed the acquisition of a small derivatives exchange called JEX, which will be rebranded to offer its upcoming futures products. JEX is a derivative exchange which had its operations based in Seychelles. According to the acquisition contract, JEX will be renamed Binance JEX and will support the trading of derivatives products, such as...Read More
VC firm Andreessen Horowitz Co-Founder Marc Andreessen reportedly delivered the opening remarks to a cadre of Washington regulators. | Source: REUTERS/Lucy Nicholson By CCN Markets: Angel investment and venture capital firm, Andreessen Horowitz, has taken an “unusual” measure in the fight against Washington’s clampdown on cryptocurrency. To secure its stake within the emerging crypto industry,...Read More
The bitcoin price increased from $9,766 to $10,500 as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent. | Source: Shutterstock The bitcoin price increased from $9,766 to $10,500 in the past 24 hours as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent. Prior...Read More
A bitcoin price premium has developed in Argentina as the government imposed currency controls in a bid to support the peso. | Source: Shutterstock Argentina’s decision to impose currency controls has had a bullish effect on bitcoin in the South American country. With demand rising for the cryptocurrency, a bitcoin price premium has subsequently developed....Read More
Yves Mersch, a member of the European Central Bank’s executive board, warned of the dangers of the “cartel-like, “treacherous” Facebook Libra crypto. | Source: AFP PHOTO / DANIEL ROLAND A member of the European Central Bank’s executive board sounded the alarm on the “treacherous, cartel-like” Facebook Libra cryptocurrency. Yves Mersch issued a damning warning to...Read More
Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. | Source: Shutterstock; Edited by CCN Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. After several years of sideways price action,...Read More
Ethereum is showing many bearish technical setups. The No. 2 crypto is likely to crash further before any signs of life will be seen. | Source: Shutterstock Ethereum’s recent price action is giving bears the courage to come out of hiding. After all, the No. 2 cryptocurrency is down by over 52 percent from the...Read More
Venezuela’s government has accused Colombia of backing a violent anti-Maduro plot as the country with the world’s largest oil reserves hits record bitcoin trading volumes. | Source: REUTERS/Manaure Quintero/File Photo The number of Bolivars exchanged for Bitcoin in Venezuela has surged to yet another record high as economic and political woes of the Latin American...Read More
The mastermind of an Indian crypto scam was alleged was tortured and murdered by his own accomplices when he tried to cheat them out of their share. The deceased named Abdul Shakoor, managed together with his team to swindle local residents from the state of Kerala in India out of Rs 450 crore ($62.5 million)...Read More
Popular crypto exchange Binance has established two test platforms for its upcoming crypto futures contracts. The platforms provisionally named Futures A and Futures B, are now up and running and users can play with using dummy assets or enter competitions, which were designed encourage more people to get involved with the products. According to Binance’s...Read More
Turkey’s biggest bitcoin exchange is now the official shirt sponsor of Yeni Malatyaspor, a club playing in the country’s first division. | Source: Yeni Malatyaspor By CCN Markets: Bitcoin and other blockchain networks continue to make headwinds in the sporting arena thanks to the latest partnership between Bitcoin exchange BtcTurk and first-division football club Yeni...Read More
After a month-long wait, Roger Ver’s Bitcoin.com new crypto exchange has finally gone live today. The new trading platform is offering several promotions in the next three months in order to attract new customers. One of such promotions is a “negative” 0.3 percent trading fee, which means that you will get money for making trades...Read More
One of Thailand’s major crypto exchanges, BX.in.th, revealed today that it will be closing its services permanently in September. According to an announcement published today, the BX crypto exchange will be stopping all of its digital asset trading services by the end of the month. The company behind the exchange, Bitcoin Co. Ltd, gave no...Read More
Filipino boxing icon Manny Pacquiao performs during a free concert to coincide with the launching of his own cryptocurrency “Pac Token” at a sports centre in Manila. | Source: Photo by MARIA TAN / AFP By CCN Markets: Philippine boxer Manny Pacquiao has unveiled his own self-branded cryptocurrency known as ‘Pac’, Reuters reports. The Pac...Read More
On September 3rd, 2019, the Maya Coin (MAYA) and Fantasy Sports (DFS) ERC20 tokens will be listed on the European Union licensed P2pb2b.io exchange. The tokens will be offered in BTC and ETH trading pairs at starting prices of $0.75 and $0.05 respectively. Both Maya Coin and Fantasy Sports are owned by UK Financial Ltd.,...Read More
Contrary to his previous statement that he would obey the court ruling, the new filing suggests the controversial Bitcoin investor is gearing up to challenge the court’s decision. Craig Wright who once claimed to be long-sought Bitcoin founder Satoshi Nakamoto is taking the necessary steps to challenge a ruling ordering him to hand over 50%...Read More
North Korea’s state press has hit back at a UN report accusing Kim Jong Un’s regime of stealing billions from banks and crypto exchanges to fund its nuclear program. | Source: Shutterstock By CCN Markets: North Korea (DPRK) is sniffing out angry flames after getting accused of siphoning $2 billion from banks and bitcoin exchanges....Read More
Thailand’s biggest crypto exchange, BX Thailand, announced it was ceasing services at the end of the month. | Source: Shutterstock By CCN Markets: BX Thailand, also known as BX.in.th and Bitcoin Co. Ltd., the largest bitcoin exchange in Thailand according to data published by CoinGecko, has announced it is shutting down its cryptocurrency trading platform...Read More
Reports of Pyongyang amassing wealth to fund its weapons program have been widely circulated. However, the North Korea regime has denied allegations of carrying out multiple hacks on crypto exchanges and finance companies. No, We Did Not Hack Your Crypto Exchange The North issued a statement on Sunday vehemently refuting any reports that the United...Read More
Bitcoin broke over the weekend,indecisive in making any moves after trading flatly. | Source: Shutterstock By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for BTC....Read More
EOS scored an awareness boost after being featured on Chinese television, but critics warn China has become a systemic risk to the cryptocurrency. | Source: Shutterstock EOS received a major boost in awareness this week thanks to a Chinese television show that featured a popular blockchain RPG called Crypto Sword & Magic. “ICS Money Talks,”...Read More
CNBC’s Joshua Brown sarcastically compared bitcoin to the Beanie Babies bubble and completely missed the point about cryptocurrency. | Source: Shutterstock; Edited by CCN By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of...Read More
With increased scalability and compatibility options, does Telegram’s TON blockchain threaten to take over from Ethereum? | Source: Shutterstock. Image Edited by CCN. With just over a month left until the TON blockchain officially launches, Telegram’s debut cryptocurrency project is shaping up to be one of Ethereum’s biggest threats to date. Numerous would-be assassins have...Read More
Bitcoin maximalist Max Keiser set an exuberant $28,000 bitcoin price target, citing an escalating hash rate and Game Theory. | Source: Shutterstock (i), Keiser Report/YouTube (ii). Image Edited by CCN. By CCN Markets: As the bitcoin price sputters this weekend, crypto bulls are stepping in to pump the market up. Bitcoin permabull Max Keiser set...Read More
Lightning Network payment channels on Bitcoin declined 23% in the past five months. Are the incentives there to make it a viable scaling solution? | Source: Shutterstock By CCN Markets: Usage of Bitcoin’s Lightning Network underwent a sizeable decline in 2019. According to data from BitcoinVisuals, 23% of Lightning Network payment channels closed down in...Read More
Stealing $63 million Crypto was not enough for the Gang’s Leader. Image from Shutterstock. An Indian Bitcoin fraudster defrauding its victims of nearly $63 million was brutally tortured and murdered by his accomplices after they had found out that he had duped them too. Stealing $63 million Crypto was not enough for the Gang’s Leader...Read More
Self-proclaimed bitcoin inventor Craig Wright plans to challenge judge Bruce Reinhart’s ruling that knocked down his affirmative defenses. | Source: (i) YouTube (ii) REUTERS / Dado Ruvic / Illustration / File Photo; Edited by CCN Self-proclaimed bitcoin inventor Craig Wright plans to challenge the recent ruling against him in the $10 billion lawsuit filed by...Read More
