Popularly known for investing in innovative companies, Andreessen Horowitz hosted a private event in May assembling the financial watchdogs of Washington in order to persuade them to be more considerate toward cryptocurrencies. Andreessen Horowitz has invested in a number of projects including several blockchain and cryptocurrency-related projects. According to the Wall Street Journal, officials from...Read More
Reports of Pyongyang amassing wealth to fund its weapons program have been widely circulated. However, the North Korea regime has denied allegations of carrying out multiple hacks on crypto exchanges and finance companies. No, We Did Not Hack Your Crypto Exchange The North issued a statement on Sunday vehemently refuting any reports that the United...Read More
Bitcoin broke over the weekend,indecisive in making any moves after trading flatly. | Source: Shutterstock By CCN Markets: According to technical analysts and cryptocurrency traders, the bitcoin price is at a critical juncture following its indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for BTC....Read More
Earlier today, prominent Thailand-based cryptocurrency exchange BX Thailand, abruptly announced that it would no longer function. The exchange was operated by Thai company, Bitcoin Co.Ltd and has been functioning for the last five years. The exchange’s website further revealed that it would not possess an SEC issued Digital Asset Exchange license for the next year that...Read More
After dropping by over $1,000 in a single day last week, Bitcoin has been trading sideways around the $9,500 range this weekend. The past couple hours have been exciting for the market though, because the Bitcoin price broke upwards and tested $9,800. It’s clear that the market will test the $10,000 level once again, as...Read More
After peaking at $350 back in June, the Ethereum price has been on a steady decline ever since. After staying at the $200 level last month, ETH has bottomed out at $170, which is where we are today. Ethereum News Some awesome news today for Ethereum. Coindesk reported that Telegram’s new blockchain TON will be...Read More
EOS scored an awareness boost after being featured on Chinese television, but critics warn China has become a systemic risk to the cryptocurrency. | Source: Shutterstock EOS received a major boost in awareness this week thanks to a Chinese television show that featured a popular blockchain RPG called Crypto Sword & Magic. “ICS Money Talks,”...Read More
The era of virtual currency emerged in 2009 when Bitcoin was introduced. The virtual asset was overlooked in its initial years, with very few believing its potential to replace the current monetary system. One of those few individuals who believed in Bitcoin from the very beginning was Max Keiser. In a recent segment of the...Read More
Ethereum’s price witnessed a hike in the last 24-hours as the coin registered a growth of 4.37 percent in an hour. Such a trajectory would usually spur positive sentiments among the community, but Ethereum’s market echoed everything but optimism at press time. At the time of writing, Ethereum was valued at $171.12. 12-hour chart Source:...Read More
Messaging platform Telegram recently announced the launch of its native cryptocurrency, GRAM. The company revealed that the messaging giant’s blockchain would be compatible with Ethereum which would further allow users to operate Ethereum’s DApps on the Telegram blockchain through Solidity. The Telegram Open Network [TON], which is Telegram’s blockchain will publicly debut its testing today...Read More
CNBC’s Joshua Brown sarcastically compared bitcoin to the Beanie Babies bubble and completely missed the point about cryptocurrency. | Source: Shutterstock; Edited by CCN By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of...Read More
A recent report from Binance Research has looked into the potential characteristics that can be expected for the proposed digital currency of China. As members of China’s government and central bank have indicated, this digital currency will utilize a ‘hybrid’ system that includes blockchain features and other operating technologies. The market analysis and research arm...Read More
Global negative-yielding debt is now over $17 trillion, making investors extremely nervous. And it is forcing them to focus on non-traditional assets, like bitcoin. Investing in Debt and Holding it to Maturity Guarantees a Loss Investors are becoming increasingly fearful as they see that the soaring negative-yielding debt is altering the global economy. According to...Read More
‘HODL’ is a fairly commonly used term in the virtual asset space and it is regularly used, referencing Bitcoin whenever a financial discussion is initiated between investors or traders. A certain group of people believes ‘hodling’ Bitcoin is still lucrative at present day, but a majority of users idolize hodling as a thing of the...Read More
With increased scalability and compatibility options, does Telegram’s TON blockchain threaten to take over from Ethereum? | Source: Shutterstock. Image Edited by CCN. With just over a month left until the TON blockchain officially launches, Telegram’s debut cryptocurrency project is shaping up to be one of Ethereum’s biggest threats to date. Numerous would-be assassins have...Read More
Bitcoin maximalist Max Keiser set an exuberant $28,000 bitcoin price target, citing an escalating hash rate and Game Theory. | Source: Shutterstock (i), Keiser Report/YouTube (ii). Image Edited by CCN. By CCN Markets: As the bitcoin price sputters this weekend, crypto bulls are stepping in to pump the market up. Bitcoin permabull Max Keiser set...Read More
DISCLAIMER/Author’s note: This is a satirical piece meant solely for entertainment purposes. Mark, if you’re reading this, please don’t take offense at any of this. Please don’t share and circulate my Facebook data (if you haven’t already, that is). Please don’t retrieve that old school-time pic of mine that I thought I had long deleted....Read More
Lightning Network payment channels on Bitcoin declined 23% in the past five months. Are the incentives there to make it a viable scaling solution? | Source: Shutterstock By CCN Markets: Usage of Bitcoin’s Lightning Network underwent a sizeable decline in 2019. According to data from BitcoinVisuals, 23% of Lightning Network payment channels closed down in...Read More
Slow and steady, wins the race, the popular adage holds true for Bitcoin and FAANG stocks. Drawing parallels between the fable and current market, FAANG stocks emulate the speedy hare, one-directional and over-confident. While the slow tortoise can be envisioned in Bitcoin, always persistent and sets its own pace. The tortoise of this race, Bitcoin,...Read More
The importance of incubation programs in the blockchain space is quite significant since the space in itself is only 10-years old and most of the startups venturing into this space lack any idea of shaping their business to the need of the masses. Thus, established players and stakeholders have come up with different incubation programs...Read More
XRP market has been experiencing the calm before the storm, as the price started consolidating once again. The third-largest digital asset displayed erratic behavior with the price failing to find stable footing. As it broke out of the bullish ascending triangle in the short term, gaining 3.40% growth, this growth was immediately negated by a...Read More
Obviously, it’s still just about the end of summer, so French air traffic controllers have decided to go on strike. Maybe there would be less annual havoc across Europe’s skies if they ‘paid them in Bitcoin’? Bitcoin Price: Yet More Consolidation So BTC has spent another week trading sideways in a band around $10k. Whilst...Read More
Coinbase, one of the largest crypto exchanges originating from the US might have to shift all European accounts to another licensed entity within EU, in case of a no-deal Brexit according to reports. A present, Coinbase operates an electronic money institution called CB Payments in the United Kingdom which is authorized by the UK Financial...Read More
Stealing $63 million Crypto was not enough for the Gang’s Leader. Image from Shutterstock. An Indian Bitcoin fraudster defrauding its victims of nearly $63 million was brutally tortured and murdered by his accomplices after they had found out that he had duped them too. Stealing $63 million Crypto was not enough for the Gang’s Leader...Read More
Entrepreneur, investor, software engineer and a board member of Facebook, Marc Andreessen recently listed an array of parallels between the initial days of the Internet and the prevailing state of crypto. In a recent Crypto Regulatory Summit, one of the pioneers in the development of the internet, Andreessen begin the segment by talking about the...Read More
It was December 2017, the Bitcoin was at almost 20k US dollars and I had just made my first transfer of 100k satoshis to a friend. The satoshis were supposed to arrive in minutes; however, it arrived in 2 days. The disappointment was huge. It was the first operation that me and my friend handled...Read More
Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra. Citing Facebook’s strong global reach, the community regaled benefits of the social media giant’s entry into the...Read More
The Tron Foundation became part of the cryptospace in 2017 and regardless of its late entry into the ecosystem, the Foundation hasn’t steered away from the spotlight. Owing to his clever and relentless marketing, CEO Justin Sun has managed to retain public excitement for the ecosystem. Tron’s dominance in the DApp space is undefeatable, nevertheless,...Read More
Self-proclaimed bitcoin inventor Craig Wright plans to challenge judge Bruce Reinhart’s ruling that knocked down his affirmative defenses. | Source: (i) YouTube (ii) REUTERS / Dado Ruvic / Illustration / File Photo; Edited by CCN Self-proclaimed bitcoin inventor Craig Wright plans to challenge the recent ruling against him in the $10 billion lawsuit filed by...Read More
Bitwala, a German blockchain-based startup, has announced the launch of an all-in-one platform for banking with Euros, as well as buying and selling bitcoin. With a quick set-up via video verification, the new app will enable users to start banking and trading Bitcoin within minutes. A national identification card, including valid address proof, is required...Read More
