By CCN: We’re halfway to a bear market, at least for tech stocks. On Monday, it was a FANG bloodbath as the tech-heavy NASDAQ index skidded nearly 2 percent lower. It’s now down ten percent from its recent record highs. But don’t rush to buy the dip. Things could get a whole lot worse for
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18- year-old Erik Finman made his own rules when he invested in Bitcoin and left high school to start his own business
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services. On Monday, the Israeli Supreme Court ordered Bank Leumi to once more allow the exchange access its services, according to a report by Finance Magnates. Bank Leumi had earlier barred Bits
Serious FUD is beginning to set into the Bitcoin market, as fears of a potential bearish evening star doji appearing on the 1-Week chart set in. But just how worried should you really be about this doji pattern, and how much is it affecting Bitcoin’s price right now? Let’s take a look at the Bitcoin
The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3. According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the
By CCN: Most enterprise blockchains have been mistargeted. They will need replacing in a couple of years. Gartner did a study that found up to 90% of the blockchains in use today will need to be replaced in just a couple short years. “By 2021, 90% of current enterprise blockchain platform implementations will require replacement
By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month.
It was billed as an opportunity for the Securities and Exchange Commission to learn more about cryptocurrency. But what was striking about Friday’s forum was how much the agency’s staff already knew. From questions about atomic swaps to comments about airdrops and forks, the SEC’s FinTech Forum, held at its headquarters in Washington, D.C., demonstrated
By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. .50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning
Hackers have breached over 50,000 servers across the world to mine cryptocurrency using unusually sophisticated tools, according to a new report. Cybersecurity firm Guardicore Labs said on May 29 that the large-scale malware effort – dubbed the “Nansh0u campaign” – has been ongoing since February, and had been spreading to over 700 new victims a
By CCN: Within the past three days, since May 31, the bitcoin price has climbed from $8,000 to $8,800, demonstrating a strong sign of recovery in a 9.5 percent rally and pushing the rest of the crypto market to the upside. On major regulated crypto asset exchanges like Bitstamp, the bitcoin price dropped to as
Monday, June 3 — after seeing a short recovery attempt yesterday, crypto markets have seen another negative correction, with most of the 20 major coins in the red. According to data from CoinMarketCap, only four out of the top 20 cryptos by market cap are seeing gains at press time, with cosmos (ATOM) and bitcoin
By CCN: Shares of Google are set to open lower when trading starts Monday following a network outage over the weekend that affected third parties and most of the tech giant’s services. In pre-market trading, shares of the online search giant’s parent company, Alphabet, were marked 2.9 percent lower. Alphabet closed Friday trading at $1,103.63
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The company behind Slush Pool, the first cryptocurrency mining pool to make its services publicly available, is rebranding. The Prague-based company Braiins is perhaps less well-known than Slush Pool, one of the largest bitcoin mining pools as it makes up more than 9 percent of the cryptocurrency’s hashrate today. Yet Braiins has been operating it
Bitcoin price saw a 3% move to $8,833 is bringing the digital asset closer to a retest of the weekly high. Will it happen before this new week starts? Bitcoin Price Must Overcome This Key Hurdle for $10K Sentiment wise, bitcoin’s path to $10,000 remains strong and each week a number of positive media reports
By CCN: Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division. In a damning Law 360 column, Stark
While Facebook pursues crypto, crypto is pursuing social media. Block.one – the multibillion-dollar team that built the EOSIO platform – is the latest blockchain firm with social-media aspirations. Announced Saturday, the new platform will be called Voice. The company says its new social network will stand out by not turning users into products. In a release, CEO
The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states: “It seems you are accessing www.binance.org from
By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion
