Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round. The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital,...Read More
Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was...Read More
Donald Trump and White House officials played down fears of a recession on Sunday, giving a much-needed boost to the stock market. Source: AP Photo/Evan Vucci By CCN Markets: Dow Jones Industrial Average (DJIA) futures rocketed 200 points in early trading Monday as President Donald Trump sought to allay fears of a recession. Speaking to...Read More
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to...Read More
Spanish megabank Santander Group is expanding its use of Ripple’s technology. The bank is building a “payment corridor” that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripple’s xCurrent software, officials told CoinDesk. Currently, only customers in the U.K. and...Read More
Trump’s tweets on China may set the stage for a strong rally in the stock market this week as S&P 500 futures open higher. | Source: REUTERS/Jonathan Ernst By CCN Markets: In response to the struggling stock market, Donald Trump’s Twitter feed was awash with positive talk about the trade war and progress with China...Read More
Elon Musk is unconcerned about the asteroid that will pass close to Earth in 2029, but SpaceX is working to come up with a solution anyway. | Source: (i) REUTERS/Mike Blake (ii) YouTube/PowerfulJRE; Edited by CCN By CCN Markets: While the mainstream media works itself into a frenzy about the impending “God of Chaos” asteroid...Read More
A report published by ING shows that the percentage of the population that believes in Bitcoin is slowly decreasing, indicating skepticism for cryptocurrencies in general. With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will be an integral part of the financial system in the coming years, August...Read More
BioWare suffered another blow with the departure of its next big title’s lead producer, Fernando Melo. Maybe they should part ways with EA. | Photo by Matt Sayles/Invision for Microsoft/AP Images By CCN Markets: Fernando Melo, the lead producer on the upcoming Dragon Age title, is leaving BioWare. This is especially shocking as it’s happening...Read More
Source: Mark RALSTON / AFP (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Elon Musk relaunched Tesla’s residential solar-power service and claimed that it could save you about $500 a year. Indeed, Musk gushed that it’s “like having a money printer on your roof.” Musk acquired SolarCity in 2016, but the business has...Read More
As the Dow Jones scrambles to move past last week’s roller-coaster, scrutinize the Fed minutes for proof of a dovish rebellion. | Source: ANDREW CABALLERO-REYNOLDS / AFP By CCN Markets: The Dow Jones looked dead and buried last week after a devastating 800 point decline, but an end-of-week recovery left the stock market on relatively...Read More
Bitcoin may have limited supply, but demand will not be unlimited. Once bitcoin is revealed to be worthless, demand will dry up. | Source: Shutterstock By CCN Markets: As the resident “Bitcoin Skeptic” here at CCN, it’s my job to provide some level – headed arguments about why you should be extremely careful about buying...Read More
Cuba used to be host to an inexplicable phenomenon called SNET, a network made by people for the people. Soon SNET will be no more. | Source: Shutterstock By CCN Markets: Cuban authorities have stated that the government will be taking over the country’s largest private network, SNET. Its users are unhappy and fearful for...Read More
Video game streaming is all the rage, but there are two simple reasons services like Google Stadia and Microsoft xCloud will fail. | Source: Casey Rodgers / Invision for Xbox / AP By CCN Markets: In the last 12 months, major technology companies have rushed to dive into video game streaming. Microsoft’s Project xCloud is...Read More
Roham Gharegozlou is the CEO of Dapper Labs, the company behind the viral blockchain game CryptoKitties. Brian Flynn works on the Dapper Labs product team. Introducing as many people as possible to the benefits of decentralization is a cause almost everyone in this industry shares. The issue is that, in making the technology more accessible,...Read More
As part of its preparation for the upcoming Commercial Customs Operations Advisory Committee (COAC) meeting, the U.S. Customs and Border Protection (CBP), a federal law enforcement agency, intends to trial distributed ledger technology (DLT) in intellectual property rights (IPR) enforcement by the end of August 2019, reports Yahoo Finance on August 16, 2019. CBP Taps...Read More
A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it...Read More
In a bid to remind 18,000 retirees under Self Managed Super Funds (SMSFs) of their legal duty to invest their retirement savings cautiously, the Australian Tax Office (ATO) has begun sending stern letters to some of these individuals whom have chosen to spend over 90 percent of their retirement savings in a single asset class...Read More
The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country’s Tax Administration Act of 1994. This ruling applies only to salary and wage earners and not to self-employed individuals, and only for services...Read More
Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph on Aug. 16. Created by Hubii, nahmii is designed to solve the transaction speed issue on the Ethereum network, which can reportedly manage only 15 transactions...Read More
Netflix seems to be getting increasingly desperate with its choices for original programming. Do we really need an Elvis Spy series? | Source: (i) AP Photo, file (ii) Shutterstock; Edited by CCN By CCN Markets: Netflix is facing increasingly intense competition from multiple other streaming services. Whereas Netflix once seemed to be creating high-quality, intelligent,...Read More
South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitions Local news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the author of the report stated that cloud services provider Tilon will carry...Read More
The second trailer for DOOM: Annihilation just dropped, and this cringeworthy movie looks like a low-budget student film project. | Source: Universal 1440 Entertainment/YouTube By CCN Markets: Did you know there’s a movie adaptation of the classic video game DOOM on its way? You probably didn’t. We don’t blame you for it, and we apologize...Read More
Cryptocurrency exchange Binance will compensate the white hat hacker who compromised Binance Jersey’s Internet domain name and Twitter account. Binance Jersey Twitter and domain compromised In a post published on Aug. 16, crypto exchange Binance Jersey announced that a white hat hacker was able to gain access to the @BinanceJE Twitter account (the official Binance...Read More
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The global amount of debt with negative yields ballooned up...Read More
Changpeng Zhao (CZ), CEO of Binance cryptocurrency exchange has revealed that Binance U.S., a regulated bitcoin and altcoins trading venue specially tailored to customers in the United States, will go live before the end of November 2019, reports Cheddar on August 15, 2019. Changpeng Zhao Reveals Binance U.S. Launch Date Per sources close to the matter,...Read More
California Government Operations Agency (CalGovOps) Secretary, Marybel Batjer has selected Camille Crittenden to Chair the state’s 20-man blockchain working group which has been mandated to explore the possible use cases of distributed ledger technology (DLT) in the state and present a report of their findings to the Legislature by July 1, 2020, reports Enterprise Times...Read More
More than half the world’s economies have inverted yield curves, which is a dire signal that a global recession may be on its way. | Source: Shutterstock By CCN Markets: Fifty-three percent of countries that offer sovereign debt currently have inverted yield curves, according to one economist. If the percentage gets much higher, there is...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
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
