Apple is reportedly going to add a clutch of important features to its next-generation iPhones as tries to save the device from oblivion. | Source: Shutterstock By CCN Markets: Apple founder Steve Jobs never believed in listening to customers. He believed that common people like us don’t exactly know what we want. So the great...Read More
Circle CEO Jeremy Allaire says the U.S. lagging behind China’s development of a national digital currency could alter the way Western companies transfer payments. Speaking on the Global Coin Research podcast this week, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and...Read More
Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to...Read More
Bitcoin wallet and blockchain explorer provider Blockchain announced a partnership with the largest bitcoin processor, BitPay. According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service. This partnership will allow Blockchain wallet users to pay merchants online or on mobile. BitPay processes approximately $1 billion in bitcoin alone...Read More
Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the...Read More
Developers will soon be able to test applications on a live version of blockchain interoperability protocol Polkadot. Kusama, an experimental and unaudited version of the $1.2 billion network, was launched on Friday at the tail-end of Berlin Blockchain Week. As highlighted in a blog post by Polkadot creator Gavin Wood, it will be somewhere between...Read More
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
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
Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest’s senior leadership team. The partner will be...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
John Bollinger, the creator of the widely used Bollinger Bands, has revealed that he has been in the crypto market for over three years. In an interview with Forbes, August 22, 2019, Bollinger revealed he entered cryptocurrency because he saw that it operated with less noise than the stock market. Bitcoin in 2016 was reminiscent of...Read More
[embedded content] CoinDesk traveled down to West Palm Beach on Aug. 5 to cover Craig Wright’s second sanctions and contempt hearing. Wright, the self-declared man behind bitcoin, failed to comply with a court directive to produce a full list of his bitcoin addresses acquired prior to 2014, as part of a $10 billion lawsuit brought...Read More
Simetri Research, a crypto research and analysis service backed by digital currency reviewer Crypto Briefing and crypto price aggregator CoinMarketCap, has launched a new platform that displays short-term trading signals. Closing the information gap Crypto Briefing announced the new service, Coins on the Move, on Aug. 22. Coins on the Move is reportedly designed to...Read More
Terra, a project building a payment system on the blockchain, announced today that it has received a strategic investment from HashKey Capital, a leading investor with a large portfolio of fintech and blockchain companies. The investment will help Terra further its goals of expanding its e-commerce and retail alliance across Asia. HashKey Capital is an affiliate...Read More
Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings. U.S. startups look for Japanese partnerships The Block reported the startup’s new funding on Aug. 22. As part of the investment deal, Recruit, which is currently valued at $50 billion USD, is purchasing Blockstack’s STACK tokens. Blockstack PBC CEO and...Read More
According to a press release dated August 21, 2019, the U.S. Treasury Department has blacklisted three Chinese citizens and one Chinese Entity for allegedly leading an online-based drug trafficking organization that was smuggling opioids inside the US. Criminals have been blacklisted and personal data have been disclosed including several bitcoin addresses and one litecoin address....Read More
Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with...Read More
Crypto exchange Coinbase’s user-controlled Coinbase Wallet has enabled its clients to use decentralized apps (DApps) on any desktop browser with the WalletLink service. Expanded access to DApps Per an official blog post on Aug. 22, Coinbase Wallet’s users can now use their DApps on any desktop browser through WalletLink, which serves as a bridge between...Read More
Netflix stock is down 30%, but the NFLX technical picture suggests a major rally waits on the near-term horizon. | Source: Shutterstock By CCN Markets: Netflix stock remains firmly in the limelight – for all the wrong reasons. NFLX shares are down nearly 30 percent from their all-time high, and the stock has plunged more...Read More
The XFL has released eight team names and logos, but they have no chance against the juggernaut that is the NFL. | Source: AP Photo/Paul Sakuma, File By CCN Markets: The XFL just announced their team names and logos for the upcoming 2020 season. The names all have a tough, battle-ready theme. The Renegades, the Guardians,...Read More
Distributed ledger startup Ripple has added a new client to its to its global settlements platform, RippleNet. UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand. According to a statement published August 21, RippleNet supports currencies that were...Read More
A volatile Dow Jones clung to gains amid a broader stock market decline thanks to a rally from one key $200 billion stock. | Source: REUTERS / Eduardo Munoz By CCN Markets: The Dow Jones stood resolute amid heavy selling pressure on Thursday after the inversion of the US yield curve once again proved to...Read More
South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest...Read More
Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That...Read More
In an all-time first, the G7 hasn’t concluded an agreement in the Trump-era. | SourcE: AP Photo/Evan Vucci By CCN Markets: For the first time in the G7’s 44-year history, the summit will conclude without a joint communique. According to the Financial Times, the host of this year’s summit French President Emmanuel Macron has decided...Read More
An interesting stock market pattern suggests the market will be moving higher, but it doesn’t tell the entire story. | Source: AP Photo/Richard Drew By CCN Markets: The S&P 500 is showing an intriguing pattern of behavior. May 30 was the ninth consecutive day that the stock market index closed above the 200-day moving average but...Read More
Target delivered a big upside earnings surprise on Wednesday, driving the stock up by 20% and casting some doubt on Amazon’s world dominance. | Source: Shutterstock; Edited by CCN By CCN Markets: Target Corporation reported shockingly good earnings on Wednesday, casting some doubt as to whether Amazon has in fact conquered the retail world. As...Read More
The White House issued two advisories on drug purchases in the United States today with specific references to cryptocurrencies. The advisories, addressed to both financial institutions and digital payment platforms, state that “convertible virtual currencies” (CVC), particularly bitcoin, bitcoin cash, ethereum, and monero, can be and have been used for illicit substance purchases on the clear,...Read More
Dow Jones stock Goldman Sachs is trading below book value, suggesting it could be a buying opportunity for patient long-term investors. | Source: Shutterstock By CCN Markets: Apple may be getting all the attention about its new credit card, but there is another company involved whose stock might be the real buying opportunity. Goldman Sachs,...Read More
Onther, a leading Ethereum blockchain R&D company, Ethereum Foundation grantee, and supporter of MakerDAO, has announced that to further support Maker’s ecosystem, it will be providing audits to Multi-Collateral Dai (MCD) candidates and accept Dai for its services. In the past, Onther produced technical content in Korean on various parts of the Maker ecosystem including...Read More
