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News – CCN https://www.ccn.com Tue, 19 Feb 2019 15:21:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.2 https://www.ccn.com/wp-content/uploads/2017/12/cropped-favicon-4-32x32.png News – CCN https://www.ccn.com 32 32 Newsflash: Bitcoin Price Hits 40-Day High, is $5,000 Next? https://www.ccn.com/newsflash-bitcoin-price-hits-40-day-high-is-5000-next Tue, 19 Feb 2019 15:15:56 +0000 https://www.ccn.com/?p=162933 Bitcoin’s February rally just crossed another milestone on Tuesday when the flagship cryptocurrency touched the $4,000 mark for the first time in more than a month. The crypto market had entered the US trading session on an incline, building upon the gains it consolidated following its last jump on Feb. 8. Shortly after 14:40 UTC, one or more major buy orders caused the bitcoin price to surge, enabling it to touch the $4,000 level before settling back to a present value of $3,955 on Bitstamp. That move brought bitcoin to a 40-day high, as Jan. 10 marked the last time

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The Dow is Surging, But This Legendary Analyst Warns the US Stock Market is on Shaky Footing https://www.ccn.com/the-dow-is-surging-but-this-legendary-analyst-warns-the-us-stock-market-is-on-shaky-footing Tue, 19 Feb 2019 14:42:48 +0000 https://www.ccn.com/?p=162925 The U.S. stock market is seemingly in an ideal position to maintain its newly found momentum and extend its short-term rally throughout the upcoming months. The trade deal with China, which is widely considered to be the core catalyst of the U.S. stock market, has seen significant progress. Both countries have acknowledged the importance of a comprehensive trade agreement, and Chinese President Xi Jinping reportedly stated that the U.S. and China are “inseparable,” expressing his intent to reach a deal with the U.S. Louise Yamada Remains Skeptical of Dow’s 8-Week Rally However, on the technical side of the market, legendary

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Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery? https://www.ccn.com/dow-jones-us-stock-market-feeble-bitcoin-price-rally Tue, 19 Feb 2019 14:03:09 +0000 https://www.ccn.com/?p=162916 bitcoin priceThe US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500

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Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream? https://www.ccn.com/bitcoin-mining-giant-bitmain-reveals-500-million-loss-end-of-the-ipo-dream Tue, 19 Feb 2019 13:53:51 +0000 https://www.ccn.com/?p=162902 The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3. The loss is evidence that the crypto bear market has dampened demand for mining rigs, the firm’s major product. It comes at a particularly bad time as Bitmain has been planning an IPO on the Hong Kong

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Bernie Sanders is Running for President. He’s the Only One Who Can Beat Trump https://www.ccn.com/bernie-sanders-is-running-for-president-hes-the-only-one-who-can-beat-trump https://www.ccn.com/bernie-sanders-is-running-for-president-hes-the-only-one-who-can-beat-trump#comments Tue, 19 Feb 2019 12:49:49 +0000 https://www.ccn.com/?p=162904 Bernie Sanders has officially launched his presidential campaign for 2020. The 77-year-old is now the Democratic front-runner and the only candidate who can realistically beat Donald Trump. Not only is he the most popular Senator in the country, but recent polls also show he would pip Donald Trump in a hypothetical election. Beating Donald Trump is a huge motivator for Sanders’ 2020 run. The Vermont Senator branded Trump an “embarrassment.” I'm running for president. I am asking you to join me today as part of an unprecedented and historic grassroots campaign that will begin with at least 1 million people

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Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance? https://www.ccn.com/did-pre-ipo-uber-lose-1-8-billion-in-2018-or-aggressively-invest-in-its-85-market-share-dominance Tue, 19 Feb 2019 11:45:08 +0000 https://www.ccn.com/?p=162609 Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.” Maybe. But maybe not. Focusing on the high tech taxi company’s negative profits in 2018 might be missing the bigger picture of the value it represents over a bump in the road. It is an understatement to say Uber has no problem making money. The 2017 and 2018 “losses” aren’t because of bad

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$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary? https://www.ccn.com/1-3-million-bitcoin-scam-swindles-victims-in-thailand-are-tougher-crypto-regulations-necessary Tue, 19 Feb 2019 10:41:25 +0000 https://www.ccn.com/?p=162883 alarm ICO crypto bitcoinA virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post. 30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and frauds? Victims report alleged blockchain mining scam https://t.co/W0dgXJ54j3 — Bangkok

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Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains? https://www.ccn.com/bitcoin-hits-highest-volume-in-9-months-is-crypto-ready-to-take-off-after-massive-gains https://www.ccn.com/bitcoin-hits-highest-volume-in-9-months-is-crypto-ready-to-take-off-after-massive-gains#comments Tue, 19 Feb 2019 08:59:24 +0000 https://www.ccn.com/?p=162855 Bitcoin, bitcoin priceIn the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume

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Bitcoin Cash Pools: The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really] https://www.ccn.com/bitcoin-cash-pools-the-majority-of-bitcoin-sv-blocks-are-mined-by-unknown-yes-really https://www.ccn.com/bitcoin-cash-pools-the-majority-of-bitcoin-sv-blocks-are-mined-by-unknown-yes-really#comments Tue, 19 Feb 2019 07:51:12 +0000 https://www.ccn.com/?p=162835 Bitcoin SV, BSVLike Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner doesn’t have to be a single outfit, to ask if an attack “is developing.” Three Pools Control Far More Than Anyone Else in Bitcoin

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Bitcoin Spikes but EOS Skyrockets 25% in 24 Hours; How Far Can It Go? https://www.ccn.com/bitcoin-eos-climbs-25-in-24-hours Tue, 19 Feb 2019 02:43:56 +0000 https://www.ccn.com/?p=162831 EOSEOS, the Enterprise Operating System, which was developed by Block One, saw a huge increase, more than double that of Bitcoin by percentage, in the past couple days. The base token had been pushing the $3 mark while Bitcoin bumpered around inside the $3600 range. When the Bitcoin price broke upwards last night, EOS went along with it – importantly, fiat markets didn’t adjust to the increased value of Bitcoin, but instead followed suit. As the one-day chart above shows, EOS is far above the important $3 mark, resting comfortably at $3.50 after over $2 billion in volume. Comparing markets,

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US Sanctions Squeezes Russia’s 3rd Biggest Bank into Freezing Venezuela Oil Firm’s Accounts https://www.ccn.com/us-sanctions-squeezes-russias-3rd-biggest-bank-into-freezing-venezuela-oil-firms-accounts https://www.ccn.com/us-sanctions-squeezes-russias-3rd-biggest-bank-into-freezing-venezuela-oil-firms-accounts#comments Tue, 19 Feb 2019 00:49:20 +0000 https://www.ccn.com/?p=162760 Russia’s third-biggest bank by assets Gazprombank has elected to freeze the bank accounts belonging to Venezuelan state oil firm Petróleos de Venezuela, S.A. (PDVSA), Reuters reports. Citing sources, the report indicated that the state-owned lender did so to lower its risks of coming under U.S. sanctions. Alongside China, Iran, Turkey and other countries, Russia is one of the strongest supporters of Venezuelan president Nicolas Maduro. Last month when Venezuela’s National Assembly head, Juan Guaido, declared himself interim president the four voiced their support for Maduro. This was contrary to the position taken by the United States and other western powers.

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Crypto Market Round-Up: Another Bitcoin Break Near $4000 or Are The Bulls Rushing the Gate? https://www.ccn.com/crypto-market-round-up-another-bitcoin-break-near-4000-or-are-the-bulls-rushing-the-gate https://www.ccn.com/crypto-market-round-up-another-bitcoin-break-near-4000-or-are-the-bulls-rushing-the-gate#comments Mon, 18 Feb 2019 23:35:55 +0000 https://www.ccn.com/?p=162776 Bitcoin, cryptocurrencyBitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it. It’s green everywhere you look. Even Bitcoin SV is on the rebound, resting at $68 after $155 million in trades. Of the top 100 cryptocurrencies, only 4 were showing a negative 24-hour change. One was Paxos Standard. We should expect a high amount of conversions to be going on with stablecoins today, a lot of turbulence in the market capitalization, as people get their money into various

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Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry? https://www.ccn.com/crypto-market-smaller-samsung-institutions Mon, 18 Feb 2019 22:41:07 +0000 https://www.ccn.com/?p=162705 Crypto, bitcoinHwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in the cryptocurrency market of South Korea, told a local publication in an interview that institutional investors are key in increasing the inflow of capital into the new asset class. In the past, prior to 2018, Hwang emphasized that it was virtually impossible for institutions to

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Germany Explores Blockchain Strategy as Bitcoin Wars Heat Up https://www.ccn.com/germany-explores-blockchain-strategy-as-bitcoin-wars-heat-up https://www.ccn.com/germany-explores-blockchain-strategy-as-bitcoin-wars-heat-up#comments Mon, 18 Feb 2019 21:22:30 +0000 https://www.ccn.com/?p=162791 Germany, blockchain, bitcoinGermany ― Europe’s largest economy ― may be hopping on the bitcoin bandwagon as it explores how to deploy blockchain across various industries. The German government has launched a consultation process in a bid to formulate a comprehensive blockchain strategy before the summer begins. Berlin is a tech hub that’s home to 170 startups that could use blockchain, the technology underpinning bitcoin. Government sources told Reuters that industry groups and companies have been invited to offer their recommendations for incorporating blockchain to bolster the German economy. Sources say there is keen interest from tech investors and market participants from a wide

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Bitcoin Price Breaks Medium-Term Resistance after Surging 8% Near $4,000 https://www.ccn.com/bitcoin-price-breaks-medium-term-resistance-after-surging-8-near-4000 https://www.ccn.com/bitcoin-price-breaks-medium-term-resistance-after-surging-8-near-4000#comments Mon, 18 Feb 2019 20:23:55 +0000 https://www.ccn.com/?p=162781 Bitcoin, bitcoin priceThe Bitcoin market came back on its bullish track during the February 18’s trading session. The Bitcoin-to-Dollar rate (BTC/USD) on Monday established an intraday high towards 3917, up 8.08% since the open. The pair rallied through the Asian session and continued its upside momentum after the European market opened. Around 1600 UTC, BTC/USD also broke through a strong resistance trendline of the medium-term triangle pattern discussed in our Bart Simpson analysis. Have a look: Last week, we had left the Bitcoin market in a bias conflict. The cryptocurrency was forming what looked like a bull flag. Nevertheless, as the flag

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10 Elite Hedge-Fund Managers Made a Jaw-Dropping $7.7 Billion in 2018 https://www.ccn.com/10-elite-hedge-fund-managers-made-a-jaw-dropping-7-7-billion-in-2018 Mon, 18 Feb 2019 19:12:55 +0000 https://www.ccn.com/?p=162752 According to the inaugural ranking of hedge fund managers by news outlet Bloomberg, the top ten highest-earning hedge fund managers made a mouth-watering $7.7 billion in 2018. James Simmons led the inaugural list, earning $1.2 billion in additional income in 2018, which saw his net worth swell to $16.55 billion. His hedge fund, Renaissance Technologies, is one of the largest hedge funds by assets under management, with over $80 billion in assets as at the close of last year. The top five was rounded up by Ray Dalio (Bridgewater Associates, $1.26 billion), Bitcoin-bashing Ken Griffin (Citadel, $870 million), John Overdeck

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Yes, Mark Zuckerberg Is a “Digital Gangster” Who Violates Your Privacy, but Here’s Why You Still Won’t Quit Facebook https://www.ccn.com/yes-mark-zuckerberg-is-a-digital-gangster-who-violates-your-privacy-but-heres-why-you-still-wont-quit-facebook https://www.ccn.com/yes-mark-zuckerberg-is-a-digital-gangster-who-violates-your-privacy-but-heres-why-you-still-wont-quit-facebook#comments Mon, 18 Feb 2019 18:22:01 +0000 https://www.ccn.com/?p=162734 Lawmakers in the UK have released a damning report on Mark Zuckerberg and Facebook, calling them “digital gangsters.” The report refers to Facebook’s deliberate violation of privacy laws and its role in spreading “fake news” and disinformation. It’s another shot fired at tech companies for abuse of personal data. But, as usual, it’s unlikely to have an effect on the company. Today we’ve published our final report on Disinformation and ‘fake news.’We believe the UK can be a world leader in content regulation.Here’s how.https://t.co/Dtf7L3mePS@damiancollins#fakenews pic.twitter.com/8RcQpJduiI — Digital, Culture, Media and Sport Committee (@CommonsCMS) February 18, 2019 Despite repeated privacy violations,

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Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions https://www.ccn.com/put-your-money-on-crypto-for-the-long-term-says-major-wealth-manager-for-pensions https://www.ccn.com/put-your-money-on-crypto-for-the-long-term-says-major-wealth-manager-for-pensions#comments Mon, 18 Feb 2019 17:11:23 +0000 https://www.ccn.com/?p=162729 Bitcoin, cryptoIt’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets. Cambridge was quoted in Bloomberg on Monday as saying: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.” That’s a remarkably on-point statement in a space

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Dow Futures Eke Higher on President’s Day as Democrats Prepare to Fight Trump’s Emergency Declaration https://www.ccn.com/dow-futures-eke-higher-on-presidents-day-as-democrats-prepare-to-fight-trumps-emergency-declaration https://www.ccn.com/dow-futures-eke-higher-on-presidents-day-as-democrats-prepare-to-fight-trumps-emergency-declaration#comments Mon, 18 Feb 2019 16:28:27 +0000 https://www.ccn.com/?p=162757 U.S. stock futures traded slightly higher on Monday, as Democrats geared up to fight President Trump’s emergency declaration to fund a new steel barrier along the southern border with Mexico. DOW INCHES HIGHER IN THIN TRADE U.S. President’s Day saw thin trading volumes for stock futures on Monday. Dow Jones futures edged up 11 points to 25,899.00. The S&P 500 mini contract was unchanged at 2,777.00. Futures on the Nasdaq 100 rose 9.25 points to reach 7,073.00. The New York Stock Exchange was closed for the holiday. Markets will resume regular trading hours on Tuesday. The U.S. stock market is

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Billionaire Who Predicted Trump’s Rise Says Ex Starbucks CEO Doesn’t Have the Beans for 2020 Presidential Race https://www.ccn.com/billionaire-donald-trump-starbucks-ceo-2020-presidency https://www.ccn.com/billionaire-donald-trump-starbucks-ceo-2020-presidency#comments Mon, 18 Feb 2019 15:54:39 +0000 https://www.ccn.com/?p=162721 CEO of DoubleLine Capital Jeffrey Gundlach says the recently announced presidential run by former Starbucks CEO Howard Schultz will probably be short-lived. Gundlach, who was ahead of the pack in anticipating a Trump presidential win in 2016, says the former coffee magnate lacks the physical constitution for a head to head battle against Trump. He told Yahoo Finance: “I’m not sure he’s going to have the stomach for this. I still think it’s quite possible that Howard Schultz just disappears.” Gundlach suggested a lack of political nous right out the gates on the part of Schultz, whose ‘nice, gentle’ announcement

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Dow Jones Winning: Why China’s Stock Market Surging For First Time in 3 Months is Crucial https://www.ccn.com/dow-jones-winning-why-chinas-stock-market-surging-for-first-time-in-3-months-is-crucial https://www.ccn.com/dow-jones-winning-why-chinas-stock-market-surging-for-first-time-in-3-months-is-crucial#comments Mon, 18 Feb 2019 15:03:08 +0000 https://www.ccn.com/?p=162740 For the first time in 3 months, the Chinese stock market has recorded a 3 percent increase triggered by the optimistic prospect of a comprehensive trade deal. The Dow Jones is nearing the 26,000 point mark after initiating a strong rally in the past two weeks. The solid movement of the CSI 300 Index, which replicates the performance of top 300 stocks in the Shanghai and Shenzhen stock exchanges, has shown that investors in Asia highly anticipate the trade talks with the U.S. to see significant progress in the weeks to come. The Dow Jones recorded a 1.3 percent rise

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A Huge EU Bank Just Ruthlessly Froze People’s Accounts, Sparking Claims of Racism. It Would Never Happen With Bitcoin https://www.ccn.com/bbva-account-freeze-racism-bitcoin https://www.ccn.com/bbva-account-freeze-racism-bitcoin#comments Mon, 18 Feb 2019 13:56:37 +0000 https://www.ccn.com/?p=162708 BBVA, BitcoinSpain’s second-largest bank, BBVA, has aggressively frozen up to 5,000 accounts without warning. Many of the accounts belonged to Chinese clients, leading to cries of racism. The bank, however, claims it was acting on Spanish anti-money laundering rules. Spain's second-largest bank has apologized after hundreds of Chinese customers accused the group of racism for freezing their bank accounts without warning https://t.co/3in4Wy6F6C — CNN International (@cnni) February 18, 2019 It’s yet another reminder that traditional banking institutions have the power to shut down and block access to your money without notice. This is why bitcoin matters. If stored independently, bitcoin cannot

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New Zealand to Slap ‘Digital Services Tax’ on Internet Giants Google, Facebook: Will this Antagonize the US? https://www.ccn.com/new-zealand-slap-digital-services-tax-facebook-google-us https://www.ccn.com/new-zealand-slap-digital-services-tax-facebook-google-us#comments Mon, 18 Feb 2019 13:00:05 +0000 https://www.ccn.com/?p=162717 Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to affect internet giants such as Google and Facebook, according to the New Zealand Herald. Per New Zealand’s Prime Minister, Jacinda Ardern, this is aimed at achieving ‘fairness and balance’ in the country’s tax system. Currently, according to Ardern large internet firms have been fulfilling their tax obligations as required by law: Highly digitalized companies, such as those offering social media networks, trading platforms, and online advertising, currently

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Bitcoin, Ethereum Rally as Market Gains Over $5 Billion in a Day; Crypto Bulls Returning? https://www.ccn.com/bitcoin-ethereum-rally-as-market-gains-over-5-billion-in-a-day-crypto-bulls-returning Mon, 18 Feb 2019 11:53:20 +0000 https://www.ccn.com/?p=162690 Ethereum, crypto, cryptocurrencyCryptocurrency market started the week with an impressive rally, rising from $120.91 billion to as high as $126.391 billion in a day. At 0900 UTC, the global crypto market cap was valued at 126.30, up 4.45% from Sunday’s low, with all the top 10 coins trending into their green territories. Bitcoin, the index’s leading cryptocurrency, posted 3.01% gains according to 24-hour adjusted timeframe calculated by TradingView.com. Ethereum, the second largest cryptocurrency, did better by surging 10% within the same time. Bitcoin Cash, the Bitcoin-clone project led by Roger Ver, was the second-best performing cryptocurrency in the top ten. It rose

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What Are Geo Domains and How to Get them For Sales

Geo Domains are Geographical Domain Niche Combo Among Several Domain Combos  Among several strategies at selling online domain name...