Need convincing reasons to purchase Bitcoin? President Trump signed a financial agreement that increases the US national debt by about $22.5 Trillion. To some people, Bitcoin is money, while to some people Bitcoin can be multiple things depending on how it is utilised. A long term investment, a trading vehicle for short term profits, a...Read More
The United States Securities and Exchange Commission (SEC) has registered Securitize, a digital securities platform backed by crypto exchange Coinbase, as a transfer agent, according to a press release published on Finextra on Aug. 21. Securitize — which claims to be the first transfer agent with a working blockchain protocol and active securities issuers registered...Read More
Photo: A1 Austria’s telecommunications giant and the country’s largest mobile service provider A1 has officially announced accepting cryptocurrency payments at some of its store locations across Austria. In the official announcement, A1 states that in its pilot project, they will accept cryptocurrency payments at some A1 shops while demonstrating global businesses that integrating digital currency...Read More
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read:...Read More
The Dow Jones surged on Wednesday as Wall Street gambled that the Fed would execute titanic interest rate cuts in the coming months. | Source: AFP PHOTO / Stan HONDA By CCN Markets: The Dow executed a swift recovery on Wednesday, erasing its previous-day losses as Wall Street doubled down on its belief that the...Read More
As soon as Bitcoin dropped below the $10,600 level and failed to climb over heavy resistance, it demonstrated a steep fall to $10,068 within a span of minutes. According to some analysts, the drop could possibly signal a short term trend line breakdown if the asset fails to close above $10,200. Even though yesterday we...Read More
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. 21/08/2019, London: Kinesis is proud to announce a partnership with CoolBitX Technology, the developers of the world’s first...Read More
Disney stock took a hit this week after shocking accusations of inflated revenue reports. | Source: Shutterstock By CCN Markets: News broke on Tuesday that a former Walt Disney Company accountant told the SEC that the company had inflated revenue over a number of years. The accountant was a senior financial analyst in the company’s...Read More
Bitcoin is a virtual currency that’s as good as the traditional bills that we use. Because it’s already accepted, security features have to be embedded in the application or software that manages it. Many developers had designed the system that makes it impossible to break into it so that no one can steal your money....Read More
Bitcoin’s range bound pumps and dumps have become commonplace over the past six weeks. Another slide a few hours ago should not be cause for alarm then as BTC failed to register further gains. It is now in danger of heading back into four figures for the fifth time. Four Figure Bitcoin in Play …...Read More
Bitcoin (BTC) network hash rate remains near all-time highs despite fresh turmoil in China as floods wipe out mining operators. Bitcoin mining farm ‘devastated’ As various Twitter users reported on Aug. 20, the rainy season in China’s northwestern Sichuan province has spelled disaster for at least one Bitcoin mining farm. According to cryptocurrency mining pool...Read More
Bitcoin Price Analysis (BTC/USD) On an hourly chart, the bulls have dominated the market of BTC/USD pair. The 7 day MA was seen gravitating above the 21 day MA that signaled an increase in bullish pressure. The top cryptocurrency has slightly gained by 0.17%, having escalated from $10731.71 to $10750.00. Apparently, a bullish engulfing candle started...Read More
The Dow is leaning toward a strong open on Wednesday but the optimism could be short-lived, according to one former Fed insider. | Source: AP Photo/Aaron Favila By CCN Markets: Dow Jones Industrial Average (DJIA) futures ticked up 200 points in early trading Wednesday, pointing to an optimistic open on Wall Street ahead of the...Read More
Bitcoin price failed to surpass the $11,000 resistance and recently declined against the US Dollar.The price is currently trading below the key $10,600 and $10,500 support levels.This week’s followed crucial bullish trend line was breached with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently at...Read More
The total crypto market cap failed to surpass the key $280.0 resistance area.Bitcoin price started a downside correction and traded below the $10,800 support.Litecoin (LTC) price is struggling to correct higher and is testing the $75.00 support.BCH price is currently correcting lower and it might test the $305 support area.Tron (TRX) price is extending losses...Read More
Blockchain company tZero added Ravencoin (RVN) to the list of cryptocurrencies supported by its tZero Crypto cryptocurrency wallet and trading app. Ravencoin now supported on the tZero app TZero announced in a press release published on Aug. 20 that Ravencoin will be joining Bitcoin (BTC) and Ether (ETH) among the cryptocurrencies supported by its trading...Read More
Apple announced a massive increase in its programming budget and a price point that undercuts Netflix. | Source: Shutterstock; Edited by CCN By CCN Markets: The walls are closing in on Netflix. Apple is not only going to debut its streaming video service within the next two months but has boosted spending on its service...Read More
The virtual asset industry hardly ever remains quiet for a long period of time. However, the price of the world’s largest cryptocurrency was pretty timid, at press time. Source: trading view Bitcoin’s price went up on the back of a tremendous run which started in April, with the valuation climbing by over 180% percent. Since...Read More
Daniel Craig is very clearly present, possibly to address any concerns that he would not be returning for the role he’s tired of. | Source: AP Photo/Leo Hudson, File By CCN Markets: The official James Bond Twitter account just announced the 25th movie in the 007 series will be entitled “007: No Time to Die.” Forbes...Read More
Bitcoin has consolidated its safe-haven status especially amid the mass demonstrations in Hong Kong and global uncertainty, Circle CEO Jeremy Allaire hinted in an interview with CNBC’s Squawk Box. Circle CEO Sees Increased Demand from Holders On August 19, Circle’s Allaire said that investors were still attracted by non-sovereign digital assets such as Bitcoin. The...Read More
The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments...Read More
In a bid to make it easier for startups to understand the workings of distributed ledger technology (DLT) and how its numerous use cases can be implemented, Deloitte, one of the “big four” accounting firms and the largest professional services network in the world, has launched Blockchain In a Box (BIAB). BIAB is a mobile...Read More
In an interview with podcaster Peter McCormack, Raoul Pal, Co-founder of Real Vision and former Head of Equity and Equity Derivatives at Goldman Sachs, stated that stock markets are massively overvalued. According to Pal, central banks would do their tricks and cut interest rates, and when the interest rates become negative, people pay the government...Read More
Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin Act. Bitfinex issued its reply in an...Read More
Elon Musk has a better idea than “Nuke Mars” to make the planet hospitable, this time using SpaceX satellites to reflect sunlight. | Photo by Mark RALSTON / AFP By CCN Markets: Elon Musk has leaked more of his plans to make Mars habitable. The SpaceX boss tweeted an alternative idea to warm the red...Read More
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt...Read More
Jennifer Lopez and Alex Rodiguez invested in the fintech firm Acorns Grow Incorporated. They should buy bitcoin next. Here’s why. | (i) Photo by ANGELA WEISS / AFP (ii) Shutterstock; Edited by CCN By CCN Markets: It’s not unusual to see A-listers diversify their income streams by investing in promising ventures. We recently learned that...Read More
Huobi Group is continuing its foray into decentralized finance (DeFi) with support for MakerDAO and Compound Protocol, as per a press release, August 19, 2019. MakerDAO at one point had over half a billion dollars worth of value locked in the system, making it one of the most successful use cases of Ethereum and blockchain...Read More
The former head of the Securities and Exchange Commission’s (SEC) Cyber Unit is moving to private practice. Robert A. Cohen will join the corporate law firm Davis Polk & Wardwell LLP as partner. The firm is known for representing several crypto firms including Coinbase, as well as large legacy financial institutions, according to a Wall...Read More
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in...Read More
