Bitcoin Was ‘Total Bubble’ & 95% of Crypto ‘Will Die Painful Death’: Bitwise Exec.: Samantha Chang
The bitcoin bull market was a bubble that burst in 2018, but the “painful” event had a major upside: It attracted a lot of money and talent to the burgeoning industry. That’s the assessment of Matt Hougan, the global head of research at Bitwise, creator of th…
Wall Street’s about to Bid Farewell to One of its Biggest Bitcoin Bulls: David Hundeyin
Serial investor and bitcoin advocate Bill Gross has announced his immediate retirement from active bond investment to manage his own funds. Gross who was dubbed the “bond king” for his role in active bond-trading almost 50 years ago, achieved fame and notorie…
5 Suspicious Factors about Bitcoin Exchange QuadrigaCX and its $150m in Missing Crypto: P. H. Madore
Bloomberg just reported that QuadrigaCX CEO and founder Gerald Cotten legally changed his will just 12 days before his death on December 9. This fact is just the latest in a string of interesting elements regarding the Canadian Bitcoin exchange’s sudden closu…
Crypto Exchange Kraken Secures Blockbuster $4 Billion Valuation After $100m Mega Deal: Joseph Young
Following the completion of the largest deal in the cryptocurrency sector year-to-date, major U.S. and Europe-based crypto exchange Kraken is set to raise a funding round valuing the company at $4 billion. On February 4, as CCN reported, Kraken acquired Crypt…
Shut up, Nocoiner: Why We Don’t Need to ‘Burn Bitcoin with Fire’: P. H. Madore
Over nine months ago, the Berkeley International Computer Science Institute streamed Nicholas Weaver’s talk entitled “Blockchains and Cryptocurrencies: Burn it With Fire.” This week, he summarized the argument at the Enigma security conference. Ars Technica d…
Tesla Cheats with New Battery Supplier, Panasonic Forecast Plunges: Tedra DeSue
Panasonic wasted no time lowering its guidance after its bread-and-butter customer, Tesla, announced it was buying another battery supplier to power its electric vehicles. The lucky company Tesla chose to replace Japan-based Panasonic is California-based Maxw…
Notorious Bitcoin Exchange QuadrigaCX May be Sold to Compensate Crypto Investors for $150m Loss: P. H. Madore
When QuadrigaCX announced last month that CEO Gerald Cotten had suddenly died and roughly $150 million in cryptocurrency ($180 million Canadian) was inaccessible as a result, the crypto world went nuts. According to a CBC report today, the notorious Bitcoin e…
Bold Call: Mohamed El-Erian Predicts Federal Reserve Will Reverse Course, Cut Interest Rates in 2020: Samantha Chang
The Federal Reserve won’t raise interest rates in 2019 and will probably cut them in 2020 ― after raising them a stunning four times in 2018. That what Mohamed El-Erian, the chief economic adviser at German mega-bank Allianz, predicts. “I suspect they will do…
Bulls are Back: Dow Surges to Two-Month High as Earnings Season Keeps on Giving: Sam Bourgi
Led by the Dow Jones Industrial Average, the U.S. stock market traded sharply higher on Tuesday after a fresh batch of earnings surprised to the upside, underscoring another solid quarter for corporate America. DOW RECORDS STRONG GAINS All of Wall Street’s ma…
Bitcoin’s Longest Bear Market Hits 6-Month Milestone. The USD? Strolled Past the 79-Year Mark: Wes Messamore
The bitcoin headlines and commentary seem all doom, gloom, and despair: Bitcoin is about to do something it has never done before — hint: it’s not good –MarketWatch Bitcoin Is Now Officially In Its Longest Bear Market Ever –CoinDesk Bitcoin creates new record…
Investors are Dumping Google Stock Despite Higher Q4 2018 Revenues of $32 Billion: Melanie Kramer
Google delivered higher than expected revenues and earnings per share in its fourth-quarter 2018 results. Yet Google stock dropped 3% in after-hours trading and fell over 2% in premarket trading. Google’s Profit Margin Tightens Analysts hoped that google-pare…
This Bullish Crypto Trader is Predicting a ‘Breakdown’ for Bitcoin Price Tomorrow: P. H. Madore
According to a trader who offers professional consulting and provides an altcoin signals service via Telegram, Bitcoin is very likely to “breakdown” by tomorrow. Alan Masters published an idea to Tradingview late last night encouraging everyone to “secure pro…
Blockchain Company Develops International Service For Verification of Education and Job Experience: Sponsored
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The new company develops a blockchain service called EkoLink, which allows professiona…
Where’s the ‘Missing’ $150 Million? Crypto Exchange QuadrigaCX’s Fiasco Gets Weirder with New Research: Joseph Young
According to a cryptocurrency researcher with an online alias “ProofofResearch,” QuadrigaCX may not have a Bitcoin cold wallet nor $150 million in crypto. In a research paper, Zerononcense editor ProofofResearch stated that based on the evaluation of the comp…
Dow Blasts Higher While Bitcoin Endures Painstaking Search for a Bottom: Josiah Wilmoth
A defiant US stock market opened to significant gains on Tuesday, brushing off bearish portents about declining corporate earnings. Bitcoin, meanwhile, continues to endure a painstaking search for a bottom as it seeks to bring its longest-ever bear market to …
American Crypto Anarchist who Fled the U.S. Shot, Killed in Mexico’s Murder Capital: Jimmy Aki
According to a report by Mercury News, an American crypto-anarchist who went by the name “John Galton” was shot to his death earlier this week at his home in Acapulco, Mexico. A woman named Lily Forester, who identified herself as Galton’s partner, stated in …
$225 Billion Abu Dhabi State Fund Dumps 35 Million AMD Shares for Cash – Has the Chipmaker Hit a Market Top?: Mark Emem
Sovereign wealth fund Mubadala Investment Co has announced the sale of nearly 35 million shares in semiconductor firm Advanced Micro Devices (AMD). According to Reuters, the state fund of Abu Dhabi disposed of 34.9 million common equity shares in AMD. Mubadal…
Bitcoin Price at $1,800? The Longest Bear Market in History Could End With a Spiraling Collapse: Joseph Young
Throughout the past 4 days, since February 1, the crypto market has remained stable at around $114 billion as the Bitcoin price stabilized at $3,500. Several analysts expected Bitcoin to recover beyond the $4,000 resistance level after rebounding from the low…
Fiat to Crypto Now Available with trade.io Credit Card Solution: 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…
Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies: Mark Emem
Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said …