Cryptocurrency Highlights, News, Use Cases And Other Reckonings : #273 (2019-01-30)

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Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’: P. H. Madore


Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptoc…

Platin Secures Investment from EOS Global’s Block.one-Backed EOS Ecosystem Fund: Press Release


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to c…

Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017: P. H. Madore


Blockchain analytics firm CipherTrace released a report this morning showing that roughly $1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $950 million. The figure represents …

Apple Earnings: Profits Slip, iPhone Sales Fall Way Short of Estimates: Tedra DeSue


Apple’s fiscal Q1 revenue and profits fell, marking the first time the company had to report such dismal numbers for this particular quarter in more than 10 years. The culprits behind the declines were slowing iPhone sales and China’s economic downturn. Apple…

Ethereum Price Struggles to Hold above $100 as Crypto Winter Grows More Frigid: P. H. Madore


Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $100 mark. Bitcoin, meanwhile, briefly crossed the thres…

Ready for Liftoff: Fidelity’s Bitcoin Custody Service is Just Weeks away from Launch: Wes Messamore


Big news today from Bloomberg‘s Matthew Leising and Alastair Marsh: “Fidelity Investments is targeting a March launch date for its Bitcoin custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a p…

How Traders Can Make the Most of the Bitcoin Price’s Bearish Turn: Yashu Gola


The bitcoin price on Tuesday continued to pursue its downward trajectory, albeit finding decent support at one of the downside targets. The climate is not favorable for establishing long-term positions, but a few well-timed day trades can help you make the mo…

Sorry GunBroker, FreedomCoin isn’t the Token Your Gun-Toting Bitcoin Users are Looking For: Josiah Wilmoth


Yesterday, much like any other day, I received dozens of press releases from blockchain companies and crypto public relations firms, the bulk of which were anything but newsworthy. However, given my personal interest in hunting and shooting sports, one immedi…

Will Apple’s FaceTime Fiasco Spoil the Tech Giant’s Earnings Call?: Tedra DeSue


Apple is set to report its first-quarter earnings after Tuesday’s closing bell. As it readies, it’s dealing with the fallout of a bug on its FaceTime app that was allowing people to listen in on others’ conversations. Not only did the bug make Apple look bad …

Why JP Morgan Thinks the US Stock Market is Set to Face a Reckoning: Wes Messamore


JP Morgan chart analyst and technical market strategist Jason Hunter says the S&P 500 is not out of the woods yet after bouncing back this month from massive losses in the worst December since the Great Depression. S&P 500 Climbing toward Resistance The Janua…

SyncFab CEO to Share Insights on Manufacturing Blockchain (™) at IoT Evolution Expo: Press Release


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to c…

Apple’s Gaming Subscription Plan is Not the Game-Changer Crypto Micropayments Will Be: Wes Messamore


Apple Inc. is quietly planning a “Netflix for games” service that will allow users access to a bundle of games for a monthly subscription fee, NYC-based financial news service Cheddar reported Monday: Apple ($AAPL) began privately discussing a subscription se…

McDonald’s Free Bacon Gambit Doesn’t Quite Make its Stock Price Sizzle: P. H. Madore


McDonald’s is reportedly giving bacon away with every order today. While it might be seen as a regular promotion, the move is certain to attract thousands or even millions of additional sales today. Bacon is a massive selling point in the US fast-food industr…

California Nurse Charged With Selling Hundreds of Bitcoin Worth of Opiates: P. H. Madore


A Rancho Cordova, California nurse has been charged by federal authorities with selling illegal narcotics via dark net markets. Allegedly, her username Farmacy41 earned over 200 BTC across three markets. Carrie Alaine Markis made an appearance in federal cour…

Dow Wobbles Midday as Huawei Criminal Charges Threaten U.S.-China Trade Talks: Sam Bourgi


Stocks were off to a tepid start Tuesday after criminal charges against Huawei and one of its leading executives threatened to undermine U.S.-China trade negotiations. Positive earnings surprises helped to smooth out the volatility as investors kept an eye on…

Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018: Melanie Kramer


Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $1.25 billio…

Samsung Pay May Integrate Crypto on Millions of Smartphones, Starting With the Galaxy S10 – What’s the Realistic Impact?: Joseph Young


According to a report from The Korea Herald, a mainstream media publication based in South Korea, Samsung Pay could integrate crypto into the Samsung Galaxy S10. Earlier this month, CCN reported that the potential development of a crypto wallet by Samsung and…

Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers’ Losses: P. H. Madore


BitGrail, a cryptocurrency exchange that was recently the subject of a second class-action lawsuit, has found no relief in an Italian bankruptcy court. According to unverified documents published by a victims group, the Bankruptcy Division of the Court of Flo…

Dow, Bitcoin Price Slouch into Tuesday’s US Trading Session: Josiah Wilmoth


Neither the Dow nor the bitcoin price looks like it has the momentum to begin clawing back Monday’s losses, as both the stock market and the large-cap cryptocurrency index are flashing little movement ahead of the US trading session. Shaky Dow Hopes to Avoid …

Tesla is Stealing Toyota’s Customers with the Model 3: The End of the Road for the Prius?: Mark Emem


Launched less than two years ago, Tesla’s Model 3 is already proving a major thorn 81-year old automotive giant Toyota. According to Electrek, Tesla is responsible for about 50% of the defection rate that Toyota is experiencing in North America. Among the top…

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