Two Groups Have Dominated Cryptocurrency Hacks, Raking in $1 Billion: Chainalysis: Mark Emem
Blockchain analysis firm Chainalysis has disclosed that just two groups benefited from the majority of cryptocurrency hacks that have occurred to date. Per The Wall Street Journal, the two hacking groups could have obtained as much as $1 billion in cryptocurr…
Iran Could Announce a State Cryptocurrency to Evade US Sanctions Today: Jimmy Aki
As U.S-imposed sanctions continue to cripple Iran economically, the Islamic state is reportedly on the verge of announcing its state-backed cryptocurrency. The ability of Iranian financial institutions to conduct transactions and relate with the rest of the w…
ProBit Launches Its Korean Won Fiat Exchange: 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…
Major Chip Stocks Slide on Nvidia Earnings and Apple’s Not Going to Help: Melanie Kramer
Nvidia lowers its revenue guidance for the fourth quarter of 2018 sending its shares tanking downwards by 14%. Other chip stocks followed suit. Analysts say Apple’s imminent earnings report means it could get much worse for chipmakers. Shark Tank co-host Kevi…
The New Digital Asset Financial Service, VELIC aims to be FRB in the ICON’s Global DApp Ecosystem: 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…
Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It: P. H. Madore
CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications…
$1 Billion in Crypto Stolen by Just 2 Groups: How Do They Cash Out?: Joseph Young
A report from Chainalysis, a blockchain analytics firm based in the U.S. and Denmark, has revealed that just two groups have stolen more than $1 billion worth of crypto in the past several years. Based on the transactions and addresses traced by the firm, the…
Turns out Venezuela’s Oil-Backed Petro Cryptocurrency is Real after All: Francisco Memoria
In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN rece…
Huawei Faces Criminal Charges, Officials Say This Won’t Hurt US-China Trade Talks: Tedra DeSue
The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated …
Apple’s iPhone Woes are Over, But are AAPL Shares Really out of the Woods?: Melanie Kramer
A top equities analyst, drawing on his knowledge of the company’s suppliers, predicts “limited downside risks” for Apple’s share price. He follows Morgan Stanley’s sentiment last week that the worst could now be over for the tech giant’s stock. Ming-Chi Kuo S…
Bitcoin Price Analysis: Buckle up Bulls, More Losses Lie Ahead: Yashu Gola
The bitcoin price on Monday depreciated as much as 4.74 percent against the US dollar after breaking out of its two-week long consolidation period. At 20:00 UTC on Coinbase, BTC/USD was trading at $3,415, down 3.31 percent from today’s opening rate. The pair …
SEC Wins Mammoth $1 Billion Judgment Against Woodbridge Group Ponzi Scheme: Wes Messamore
The U.S. Securities and Exchange Commission (SEC) announced Monday that a federal court in Florida had ordered Woodbridge Group of Companies LLC to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. Penal…
Crypto Bloodbath Vaults Tether to 4th in Market Cap Rankings: P. H. Madore
With a roughly 10% increase to its market capitalization, Tether (USDT) has shifted to the fourth slot in the crypto market cap rankings. The repositioning can be attributed more to the downfall of other cryptocurrencies than it can to increased demand for Te…
Op-Ed: If Trump’s Trade War Saved the Steel Industry, Then the Free Market Lost: Wes Messamore
President Donald Trump took a victory lap on Twitter on Monday for his controversial trade war against China, claiming that steel tariffs have “totally revived” and “saved” the steel industry in the United States: Tariffs on the “dumping” of Steel in the Unit…
Why a Sub-$3,000 Drop Will Mean Bitcoin Has Entered ‘Nuclear Winter’: Joseph Young
Vinny Lingham, a general partner at crypto fund Multicoin Capital and the CEO at Civic, has said that if the Bitcoin price drops below $3,000, it will face serious problems. In an event in which the Bitcoin price plunges to the $2,000 region — breaking a majo…
BitStarz Named Players’ Choice Casino at AskGamblers Awards!: 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. Monday, January 21st, 2019 – The players have spoken and once again it’s BitStarz Casi…
Saudi Arabia Hedges Majority of 4.9% Stake in Tesla as Wall Street Expects Musk to Forecast a Q1 2019 Loss: P. H. Madore
Saudi Arabia has reportedly slashed its exposure to Tesla. Part of the SEC’s complaint against Tesla and Elon Musk last year was related to Musk’s claims that Saudi Arabia was backing him in taking the company private. The SEC fined Tesla and Musk separately …
100% Completed: The BitTorrent ICO is a 15-Minute Sellout: P. H. Madore
BitTorrent, acquired by Tron last year, completed an ICO today beginning at 3:00 PM UTC using Binance Launchpad. Two simultaneous sales were run for Binance Coin and Tron. Neither market lasted longer than 15 minutes, according to Binance. More BTT was availa…
‘Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee: Josiah Wilmoth
The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $25,000 by the end of 2018 and must now reckon with…
Caterpillar’s China Warning Sends Dow Tumbling 310 Points: Sam Bourgi
The U.S. stock market is in firm retreat Monday morning after Dow blue-chip Caterpillar Inc. (CAT) warned of no sales growth in China. Dow Jones Pivots Lower All of Wall Street’s major indexes registered sharp losses through the morning, mirroring a volatile …
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