It has been another gloomy week for Ethereum, in terms of its price. Ethereum was valued above $200 dollars, at the beginning of the week (19th August) but at press time the price was under $190. The coin’s valuation plummeted by 5.48 percent over the past seven days and trade volume over the time period...Read More
The previous year had been ruthless to cryptocurrencies, however, this year has been all about recovering from the bear’s attack for most coins but one. XRP’s adoption spree is evident, but that has not helped it break away from the continuous consolidation pattern the coin has been subjected to. As it goes through minor crests...Read More
The Tron Foundation has been under the crypto spotlight for its dominance in the DApp space. The Foundation and its CEO Justin Sun have constantly worked on developments in order to retain their supremacy over decentralized applications [DApp]. The recently launched Sun Network stands as a perfect example. Even though Tron is fairly new to...Read More
Overstock will continue its crypto and blockchain-centric focus despite Patrick Byrne’s exit. | Source: YouTube By CCN Markets: Online retail giant Overstock remains committed to its crypto and blockchain ventures despite the shocking resignation of CEO Patrick Byrne, a longtime bitcoin bull. Overstock’s interim CEO Jonathan Johnson told Yahoo Finance the company will “absolutely” continue...Read More
The bitcoin price just did something it has NEVER done before, and it’s great news for bulls who view crypto as a stock market hedge. | Source: Shutterstock By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in...Read More
Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and...Read More
Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie ICO, and he doesn’t want to hear any lip about it. | Source: John McAfee/Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie cryptocurrency ICO — and...Read More
The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities,...Read More
Factom Protocol, an open-source blockchain platform, has announced the launch of PegNet, a closely-connected network of tokens pegged to other assets, including Bitcoin, Gold, USD and EUR. The solution seeks to provide a fully auditable and non-custodial network for transferring value, simplifying the conversion process between one type of asset and the other. With PegNet,...Read More
XRP has not been having a great year, in terms of price as the market reports negative YTD returns for Ripple’s native token. However, XRP has been on an adoption spree since the beginning of the year, Ripple’s recent partnership with MoneyGram being an illustrious example. Despite the technology and institutional partnerships turning heads, the...Read More
If you’re sick of Jimmy Wales asking for money, you might be pleased to hear about the blockchain alternative. Everipedia is a for-profit alternative to Wikipedia, based on EOS. They’re trying to use tokens to incentivize contributors – but as the past year has demonstrated, that might be easier said than done. Everipedia had a...Read More
Mark Carney, governor of the Bank of England (BOE), has a plan to challenge the dollar’s dominance. | Source: Photo by Chris J Ratcliffe / POOL / AFP By CCN Markets: Mark Carney wants the US dollar to lose its status as the global reserve currency, pitching the idea that a digital currency could take...Read More
Litecoin’s post-halving slump should be met with concern. The fifth-largest cryptocurrency in the market has been in a slump since the beginning of the month, with many dismissing it as simply the halving bears. However, the digital silver is now entering dangerous territory. Since topping out at $144 during the close of June, the price...Read More
XRP whales continued to remain active in the market, despite the continuous sideways price movement of Ripple’s native coin. One of these whales was caught in the act of transfering significant amount of funds in XRP by Whale Alert, one of the web’s major cryptocurrency transaction trackers. Whale Alert shared news of the same on...Read More
Harmony partnered with Everstake, a Staking Service Platform will now add support for Harmony Nodes to their customer base. Blockchain protocol with principal innovations in P2P networking and state sharding, Harmony, announced they have partnered with Everstake, a leading Staking Service Platform which helps institutional investors and regular token holders to profit off their crypto...Read More
XRP had been falling since the beginning of the year, while other coins experienced their own share of ups and downs in the market. However, the YTD returns of XRP have been disappointing, with the popular altocin recording a YTD of -23.85%. The coin doesn’t seem to be finding respite, even in the short term,...Read More
According to Messari research, Lionel Messi’s take-home pay would be “12,700 $BTC” annually. Cristiano Ronaldo’s would be 10,000 bitcoins. | Source: REUTERS / Albert Gea By CCN Markets: Russell Okung, who plays for the Los Angeles Chargers in the NFL, has been pushing for the league to pay those multi-million-dollar salaries in bitcoin. You could...Read More
As Charles Schwab’s Liz Ann Sonders points out, this rift between President Trump and China is no longer just a “skirmish.” | Source: Shutterstock By CCN Markets: China had to see this one coming. After China President Xi Jinping revealed his intentions to slap fresh tariffs on $75 billion in U.S. goods, President Trump raised...Read More
The “aggressive hash war” that led to the split of Bitcoin SV from Bitcoin Cash continues to split the two camps and the cryptocurrency market. However, despite the fact that growth patterns of both the fork coins have been similar, recent analysis suggests that BSV is growing a bit faster. Despite it being two years...Read More
The Pantheon project basically aims to provide a number of Ethereum-based services built by ConsenSys’ strong engineering team called PegaSys. Ethereum is all set to join the open-source Hyperledger consortium. It would be the first public blockchain network joining Hyperledger as the latter’s technical steering committee approves a proposal for adopting the ConsenSys-backed Pantheon project....Read More
One of the most anticipated projects of the year is finally inching closer to reality. After months of delays, the Digitex Futures Exchange has finally announced the date of its testnet launch, which is currently scheduled for November 30. According to Digitex development partner SmartDec, the testnet will be the first step to creating “the...Read More
Crypto exchange OKEx believes the bitcoin price will surge 34% to $14,000 this year, thanks to a little help from the Federal Reserve. | Source: Shutterstock By CCN Markets: Crypto exchange OKEx isn’t concerned that the bitcoin price appears to have hit a wall just above the $10,000 mark. In fact, the industry giant believes...Read More
Facebook’s Libra may have some early ship-jumpers as some of its first backers are reportedly distancing themselves from the project over regulation. | Source: AP Photo/Marcio Jose Sanchez, File By CCN Markets: Facebook’s Libra project could be dead on arrival. If it does launch, it probably won’t be anything like what was originally proposed by...Read More
Blockchain businesses are hiring left, right, and center, and MouseBelt believes universities are key to building a better industry. The company is investing in a “first-of-its-kind” partnership with the University of California to bolster education and entrepreneurship in the field. Described as a “full-service blockchain accelerator,” MouseBelt has invested over $40 million across more than...Read More
Telecommunications company Telx Technologies has announced the launch of a SIM card which can be used to transact cryptocurrencies via SMS. The agenda behind the project is to enable people to send money internationally without the need for a smartphone, Internet connection or wallet app/address. According to Telx, its launch will be the world’s first...Read More
Consumers have been reluctant to accept transacting with phones in stores, but instead, the bank prepares to integrate more retailers that embrace Chase Pay via merchant apps plus food ordering firm Grubhub. JPMorgan Chase &Co is warming up to close its Chase Pay app in the third reversal of the bank on digital incentives in...Read More
Forget about day trading – if you want to get rich in crypto, the real money is in derivatives. As the world prepares for Bakkt’s launch next month, investors and companies are lining up to buy stakes in futures and options trading platforms. That means a flux of new offers from hungry investors. Crypto derivatives...Read More
Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency...Read More
Watch “Bitcoin Joe” Kernen of CNBC absolutely destroy Facebook’s Libra cryptocurrency with five deft punches. | Source: CNBC/YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Facebook’s Libra cryptocurrency isn’t getting any love from CNBC host Joe Kernen, better known on Crypto Twitter as “Bitcoin Joe.” Reacting to a report indicating that founding...Read More
One of the main drawbacks associated with the cryptocurrency market is its highly volatile price activity. The volatility was and still is, considered a major hindrance when it comes to the mass adoption of virtual assets. The introduction of stablecoins was meant to tackle this associated crypto-volatility. However, not all stablecoins operate the same way...Read More
