Billionaire David Einhorn, who has been shorting Tesla stock for years, is demanding that Elon Musk resign amid Tesla’s solar panels fires. | Source: REUTERS / Carlo Allegri (i), EUTERS / Brendan McDermid (ii). Image Edited by CCN. By CCN Markets: Hedge fund billionaire David Einhorn is demanding that CEO Elon Musk resign amid allegations...Read More
Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption on several Asian cryptocurrency exchanges. Binance is one of the exchanges. In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO...Read More
Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event, network data shows. Litecoin’s mining difficulty – a coded-in measure of how hard it is to solve the mathematical puzzles used to write blocks on the network – has dropped...Read More
Ripple, a real-time gross settlements system and remittance network, had recently announced a strategic partnership with MoneyGram, one of the world’s foremost money transfer companies. Immediately after this partnership went live, XRP/MXN volume on Bitso rose by 25%. Breanne M. Madigan of Global Institutional Markets at Ripple commented, “New (and notable) data shows that although...Read More
Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime.The co-founder & chief executive of financial services company Sygnia Asset Management said in an interview...Read More
Monero is heavily bearish in the short-term, with any moves higher in the cryptocurrency currently being heavily sold A bearish head and shoulders pattern on the four-hour time frame suggest that the XMR / USD pair could drop towards the $58.00 level The technicals for Monero are mostly bearish at the moment, with a number...Read More
Binance is no stranger to cryptocurrency hacks and scams, with $40.7 million (700 BTC) being stolen from the exchange just recently. While Changpeng Zhao, the exchange’s CEO managed to alleviate concerns with informed communication, the exchange was also targetted by a leak of KYC documents. Today, Binance released an official blog post titled “Update &...Read More
The Food and Drug Administration (FDA) may incorporate blockchain to improve drug and medical products reviews and recalls. In a speech at the Office of the National Coordinator for Health IT Third Interoperability Forum, on August 22, principal deputy commissioner Dr. Amy Abernethy, said the FDA is looking to modernize the way health care providers,...Read More
Online Gambling is creating a rage all over the world, and people tend to use these easily accessible sites to win some amazing assets. But there is one such site which accesses only the cryptocurrencies while carrying out the online gambling services, Coin open. Players can use the change and exchange of these digital currencies...Read More
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction...Read More
John McAfee, an eccentric crypto fan and U.S Presidential candidate announced to introduce Shadow Trading feature on his latest cryptocurrency trading platform, McAfee Magic. The shadow trading is meant to serve non -professional traders. The platform enables beginners to shadow trading experts, with the ease to shadow multiple professionals simultaneously. Eventually, the Shadow Portal allows...Read More
The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market. According to the...Read More
Bitcoin miners are turning very bullish on the cryptocurrency’s price, according to data analytics firm Skew Markets.The London-based cryptocurrency group explained that miners are increasing their capacity to mine bitcoins, a behavior which typically reflects their interest in boosting their incentives. And the reason why they want to accumulate as much as bitcoins as they...Read More
According to a recent update on the Chinese social media network WeChat, a source close to the chip-manufacturing firm, Taiwan Semiconductor Manufacturing Company, revealed that Bitmain has reportedly placed an order for 600,000 mining chips. If true, this hige bid is likely to bring in huge profits for Bitmain. Interestingly, this batch includes the latest...Read More
Ever since its announcement in mid-June 2019, the libra coin has been dealing with pressure from the public and U.S. regulators. Facebook, the social media giant, has been prone to hacking risks that have led to the breach of information security. U.S. lawmakers have been skeptical about Facebook and the libra coin. Today, it seems...Read More
Bitmain firm, Bitcoin (BTC) mining giant is purchasing more crypto mining chips that could result in a surprising profit of $1.2 billion. Cryptocurrency mining giant Bitmain Technologies will boost its size by roughly 50% in the next six months behind a supreme hardware order as leaked by the nearest source. Bitmain Technologies Targets 50% Capacity...Read More
Ethereum Classic is making significant gains while trading on Friday. | Source: Shutterstock By CCN Markets: Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days. The cryptocurrency continued its surge steadily today, skyrocketing its value by over 15% today. $ETC #EthereumClassic making a bit...Read More
SERO, the world’s first privacy coin Protocol supporting smart contract, got delisted from KuCoin on request. The reason for this delisting is still unknown. KuCoin has immediately suspended deposits for SERO. Withdrawal service will remain open. Related follow-ups will be announced separately as soon as possible. CEO will announce the reason in Telegram(https://t.me/SeroOfficial) as per...Read More
In recent news, Patrick Byrne, the long-time CEO of Overstock has announced in a letter to shareholders, that he is stepping down from his position. His position will be temporarily replaced by Jonathan Johnson. Recently in a letter to all the shareholders, Overstock‘s CEO Patrick Byrne announced that he is resigning from his position at...Read More
Reports are emerging that the Trump Administration has taken another dig at digital currencies. As usual mainstream media outlets are running with the FUD, spouting stories of despair as Bitcoin does not bat an eyelid and continues its consolidation.China Targeted in Drug EpidemicTwo advisories were issued yesterday by the White House warning over the use...Read More
Photo: Carbon Black, Inc. / Twitter In recent news, VMware which is a publicly traded software company announced two very significant purchases. The software company bought Pivotal which is an American multinational software and services company and Carbon Black which is a publicly traded security company focusing on modern cloud-native workloads. Both companies together are...Read More
According to a new report from the Financial Times, two members of the Libra Association, a group designed to support the Libra currency, are starting to have doubts regarding Facebook’s project. As regulators have been trying to stop the new currency from being launched, Facebook is worried that it will continue to face the regulatory...Read More
Coincheck, Japanese cryptocurrency exchange, revealed on Thursday, its intention to launch an initial exchange offering (IEO) platform. This is basically to raise funds through utility tokens. Coincheck suffered a $530 million hack in January 2018. Also, the Japanese online brokerage Monex Group acquired it for $33.5 million in April of that year. IEO is gaining...Read More
Let us compare the price of IOTA for the past 5 days. IOTA was priced at $0.24 on 18-Aug-19, and the movement of the coin was bearish. It started to rise upwards but could not maintain its consistency, and despite the rises, it fell as low as $0.23 on 21-Aug-19 at 12:45 UTC. Post the...Read More
For the most part, investors abiding by traditional investment strategies have avoided Bitcoin (BTC) like the plague.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this...Read More
A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation...Read More
Access to dApps extends to all browsers instead of the native dApp browser as announced on Aug 22. Coinbase Exchange has introduced a Wallet link service, which serves as a bridge between the app and the customer’s desktop browser. The exchange has already tested the Wallet link with Chrome, Mozilla Firefox, and Opera. Coinbase Wallet...Read More
Social media networks are both useful and dangerous tools. Particularly when it comes to SnapChat, the service has received a fair bit of criticism over the years. That will not change in the near future either. Now that arms dealers are selling guns illegally through this platform, a very troublesome era has been ushered in. ...Read More
Stellar Dips Below 0.06813 Level, Down 2% Investing.com – Stellar fell bellow the $0.06813 level on Friday. Stellar was trading at 0.06813 by 06:51 (10:51 GMT) on the Investing.com Index, down 2.01% on the day. It was the largest one-day percentage loss since August 22. The move downwards pushed Stellar’s market cap down to $1.31520B,...Read More
