As regulatory pressure continues to mount against Facebook’s proposed cryptocurrency Libra, at least three companies that are part of the governing association of Libra are contemplating withdrawing their support for the much-hyped stablecoin. According to Financial Times, two members of the Libra Association may leave the community altogether. Also, one member is allegedly concerned that...Read More
Tezos is a blockchain project that supports decentralized applications and smart contracts. The platform governs itself by establishing a true digital commonwealth and facilitates formal verification. Apart from smart contract support, Tezos is a self-evolving blockchain project. Tezos protocol undergoes constant development through on-chain governance. This enables the network to grow over time instead of...Read More
UK Financial Ltd. and Maya Preferred 223 have announced that their 51% acquisition of Digital Fantasy Sports (DFS) – a gaming currency that specializes in fantasy sports, esports, & casino play, is complete. On the heels of the finalization, the company will be raising the backing amount of gold and silver of each DFS to...Read More
Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who...Read More
Craig Wright uploaded the Bitcoin white paper to SSRN, an academic journal database, to cement his claim to the title of Satoshi Nakamoto. | Source: YouTube By CCN Markets: Self-proclaimed bitcoin inventor Craig Wright took another step to cement his claim to the title of Satoshi Nakamoto. Today (Aug. 22), Wright uploaded the Bitcoin white...Read More
The relentless pushback that Facebook’s Libra cryptocurrency is facing is raising the question of whether forging ahead is worth it. | Source: AFP PHOTO / Brendan Smialowski By CCN Markets: Weeks after various jurisdictions around the world expressed concerns over Facebook’s Libra project, it is now the turn of EU authorities to push back against...Read More
Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken, explained to Nasdaq TradeTalks why traders are flocking to crypto. | Source: Shutterstock By CCN Markets: The crypto market continues to attract former Wall Street traders, and now we know why. Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken,...Read More
Ethereum classic and ethereum are enjoying a nice bounce ahead of scheduled hard forks while the bitcoin price languishes. | Source: Shutterstock By CCN Markets While the bitcoin price languishes this week, ethereum classic is enjoying a spectacular spike ahead of its scheduled September hard fork. And the ethereum price is rising too. As of this...Read More
The halving was supposed to be Litecoin’s bullish catalyst; it failed to live up to the hype. However, analysis of the chart shows potential. | Source: Shutterstock By CCN Markets: Litecoin’s price action has been less than stellar as of late. After posting a 2019 high of $146 on June 21, the cryptocurrency succumbed to...Read More
President Trump is toying with shaking up the capital gains tax. Should Bitcoin investors care, or would the changes just be white noise? | Source: (i) AP Photo/Jacquelyn Martin (ii) Shutterstock; Edited by CCN By CCN Markets: President Trump has been bandying about the idea of reforming how capital gains are calculated. What impact, if...Read More
The PrimeXBT trading platform revealed on Wednesday, 22 August 2019, that it has reduced its trading fees for crypto and forex trades. The newly announced fee structure features lowered overnight financing fees on all crypto trading pairs, in addition to a reduction of ten times in trading fees across all forex pairs. According to a...Read More
UK-based international money transfer company Xendpay is the newest member to join Ripple Net, which will give Ripple access to markets in Bangladesh, Malaysia, Philippines, Vietnam, Indonesia, and Thailand. Ripple posted on its blog that Xendpay provides “some of the most competitive rates on cross-border money transfers” which also offering customers “the option to waive...Read More
Another bitcoin scammer’s run comes to an inevitable end. | Source: Shutterstock By CCN Markets: A Michigander is facing 20 wire fraud and money laundering charges for carrying out a crypto investment scam that raked in an average of nearly $15,000 daily. According to the prosecutors, James Matthew Thomas defrauded approximately $206,000 from his victims...Read More
Blockchain company Pundi X has revealed that it has partnered with Traki, the biggest chain of department stores in Venezuela, which will implement the blockchain-powered point-of-sale device XPOS into all its stores. Singapore-based Pundi X will have its XPOS available in all of Traki’s 49 stores from across the country. Traki customers can use the...Read More
The US-based Kraken crypto exchange has decided to list Basic Attention Token (BAT) and Waves (WAVES) on its platform. The Kraken exchange officially announced on Aug. 21 that its users will now be able to deposit, withdraw and trade BAT and WAVES starting with Aug. 22. “We are pleased to announce that BAT and WAVES...Read More
Bitcoin has been numerous times called ‘digital gold.’ However, not every financial analyst thinks that investing in Bitcoin for that reason is a prudent investment strategy. General Partner at Blockchain Capital, Spencer Bogart, is one of them. Bitcoin price Fell in line with the Dow Jones The Dow Jones Industrial Average fell sharply as the...Read More
The Winklevoss’s crypto exchange Gemini has revealed on Wednesday that it will officially start its trading operation in Australia. The launch of this branch means that users based in Australia are able to trade five cryptocurrencies which are supported on the Gemini platform including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. This is the fifth...Read More
A spiraling financial crisis won’t drive investors to bitcoin, according to a major venture capitalist. | Source: Shutterstock By CCN Markets: The Dow Jones Industrial Average has been moving south for the past one month, and what’s surprising to see is that the price of bitcoin has followed suit. The Dow has been sliding over...Read More
The Ukrainian authorities and counterintelligence agency have confiscated crypto mining rigs that they found on the site of a nuclear power plant. It was reported that the Security Service of Ukraine (SBU) seized six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling hardware...Read More
The US Treasury is blacklisting specific bitcoin addresses related to Chinese druglords. | Source: Shutterstock By CCN Markets: The U.S. Treasury Department blackballed the bitcoin addresses of Chinese drug kingpins operating international drug-trafficking rings. It’s part of a move to curb the opioid epidemic ravaging the United States. The Treasury’s Office of Foreign Assets Control...Read More
Bitcoin has destroyed the altcoin market in 2019, but one contrarian crypto trader believes BTC is about to suffer a reckoning. | Source: Shutterstock By CCN Markets: It’s easy to miss just how badly bitcoin has clobbered altcoins since the crypto market’s latest bull run began. From Ethereum all the way down to Stratis, almost...Read More
The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been...Read More
Chonic crypto critic Peter Schiff promised that the Bitcoin price would never, ever hit $50,000. One trader told us he is dead wrong. | Source: Cambridge House International Inc./YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: The Bitcoin price has defied his bearish portents before, but goldbug and chronic crypto critic Peter...Read More
Opening a fresh long position in Monero at current levels may not be a wise decision for non-experienced traders. | Source: Shutterstock By CCN Markets: Monero has been trapped in range accumulation for over a year now. Since August 2018, the cryptocurrency has been range trading in a wide range between $40 and $120 with a...Read More
EOS is a decentralized blockchain project that allows development, hosting and execution of commercial-scale dApps. Under the EOS network, businesses and individuals can set up dApps just like the normal web-based applications. The platform provides developers with secure access, authentication, permissions, data hosting, usage management, and communication between the dApps and the Internet. It works...Read More
As the stablecoin wars continue to heat up, Tether has hinted the launch of a new stablecoin – one pegged 1:1 to the Chinese Yuan. The announcement comes barely a day after the world’s largest crypto exchange Binance revealed its plans to launch its stablecoin dubbed ‘Venus’ on Binance Chain. Revealing the news exclusively to...Read More
In Watch Dogs Legion, the British pound has collapsed, and even the bankers have been forced to go “full crypto.” | Source: Ubisoft/Facebook (i), Shutterstock (ii). Image Edited by CCN By CCN Markets: We already knew that cryptocurrency would play a central role in the economy of Watch Dogs Legion. Now we know that even...Read More
Japan’s central bank, unlike China, isn’t petrified of capital outflows or investment through cryptocurrency.| Source: Shutterstock By CCN Markets: Japan’s central bank has reaffirmed the country’s position as one of the world’s most progressive countries with regards to Bitcoin and other cryptocurrencies. According to the Nikkei Asian Review, a senior Bank of Japan official has...Read More
Changpeng Zhao CZ, CEO of the world’s largest cryptocurrency exchange Binance, said that blockchain scalability is “a largely solved problem for new blockchain projects.” However, his views did not sit well with Ethereum co-founder Vitalik Buterin who strongly disagreed with him. Zhao delivered his comment on the 21st of August 2019. This was in response...Read More
Getting paid in bitcoin? You should be offended, apparently. | Source: Shutterstock; Edited by CCN By CCN Markets: In a sweeping article that bashes Bitcoin and it’s kindred, Izabella Kaminska of the Financial Times compares cryptocurrency salary earners to modern-day slaves. Pointing to the BBC show ‘Who Do You Think You Are?’, Kaminska highlights a...Read More
