President Donald Trump weighed in on bitcoin on Thursday, and let his feelings be known in characteristically clear terms: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and […]
By CCN Markets: Bitcoin has already come of age as a safe haven currency, a market analyst has pronounced. According to eToro’s senior market analyst Mati Greenspan, the cryptocurrency is trading at a premium of over $ 100 in Hong Kong on the TideBit exchange. Heavy Bitcoin Demand Results in Hong Kongers Paying Premium Price In Greenspan’s view, this a demonstration of the cryptocurrency’s ability to serve as a refuge currency in uncertain times. Bitcoin is trading at a premium of about $ 160 in Hong Kong. Pictured is the HK exchange TideBit where a single BTC is going for 73,120 HKD
The litecoin cryptocurrency was trading in the triple digits earlier on Thursday for the first time since last June.
After several days of uncertainty following revelations by and about Bitfinex and Tether (USDT), Bitcoin (BTC) resumed its march higher, rallying 7% in early Friday trading to $ 5,826. The breakout brings Bitcoin’s market cap back above $ 100 billion, which is roughly 55.2% of the overall crypto market ($ 184.8 billion). The rally has spilled over to […]
Rideshare giant Uber is reportedly planning to sell around $ 10 billion worth of stock at a valuation between $ 90 and $ 100 billion in its upcoming planned IPO. According to a recent report by Reuters that cites insiders familiar with the matter, Uber is expected to make the details of the offering and its financials public on […]
Litecoin’s price doubled in the first three months of 2019 to register its best first-quarter performance on record.
Earlier today, Epic Games released the full details for the upcoming Fortnite World Cup, which will feature a ridiculous $ 100,000,000 prize pool this year. This is your road to the Fortnite World Cup! Get all the details here: https://t.co/HM5iubonLq pic.twitter.com/Wi3uxUqGGQ — Fortnite (@FortniteGame) March 25, 2019 As we previously reported, the road to the World […]
Things are heating up in the blockchain gaming space after a recent report revealed that Ripple has teamed up with blockchain gaming startup Forte to launch a $ 100 million fund. According to a report by VentureBeat, Ripple’s investment arm, Xpring, will be providing the capital for Forte to deploy across the blockchain gaming ecosystem. Forte, […]
Kraken, a San Francisco-based exchange with more than 60 trading pairs for 20 different cryptocurrencies, announced Monday that it has acquired Crypto Facilities, a London-based regulated crypto trading platform and index provider, in a “nine-figure deal.” Kraken acquires Crypto Facilities, positioning itself as the world’s first crypto spot and futures exchange! https://t.co/W4Xr1XNPpQ — Kraken Exchange (@krakenfx) February 4, […]
In the past 30 days, the valuation of the crypto market dropped from $ 138 billion to $ 114 billion by $ 24 billion. Yet, TRON (TRX) recovered from $ 0.0127 to $ 0.0264, by well over 107 percent. Since December 17, in about five weeks, the Tron price demonstrated a strong gain against both Bitcoin and the U.S. dollar following a series of positive announcements. Most recently, BitTorrent Token, the native cryptocurrency of the BitTorrent ecosystem, initiated a token sale on Binance Launchpad and all of the tokens sold out within minutes. Could BitTorrent Pave the Path Towards the Success of TRON On January
Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion
Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $ 100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $ 3,400. By most accounts, the Bitcoin price is working on a test of the $ 3,000 mark, which is both a psychological and market indicator. Bitcoin Price Likely to Test $ 3,000 The Bitcoin price‘s 3-day chart looks a bit hellish if you’re a bull in this cold weather. Bitcoin has lost $ 200 over the past three days. Average users
Algo Capital, a venture capital firm that is investing in startups building on the decentralized Algorand blockchain platform, announced this week that it has launched a $ 100 million ecosystem development fund for the next decade. Unveiling a 10 year plan to incubate real businesses on @Algorand, AlgoCapital announces a $ 100M ecosystem fund. Rivalling @dfinity's $ 40M […]
Computing giant Intel (INTC) has extended its partnership with ESL, the world’s largest esports organizer and production company, and $ 100 million will be invested by the companies to shape the future landscape of esports over the next three years. We are proud to announce the extension of our partnership with @Intel. Over the next three years, […]
The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it
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TRON (TRX) announced a massive $ 100 million blockchain gaming development fund on Thursday, designed to spur game development on the TRON network. Proud to unveil #TRONArcade, our 100 Million USD Game Fund! This new initiative will revolutionize both #gaming and #blockchain industries. Let’s build the next generation of games together! $ TRX https://t.co/xl1Ynuminf pic.twitter.com/U5KwZwNcAR — Justin Sun […]
In the past seven days, the crypto market has experienced a drop of more than $ 63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $ 4.300 to $ 3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase
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It has been more than 24 hours since bitcoin scared investors with a sudden 10 percent drop. But there hasn’t been a concrete recovery action — yet. The bitcoin-to-dollar exchange rate has surged 2.21 percent from its previous low at 5291-fiat, now trading at 5408-fiat. The coin’s market cap has risen likewise but remains below
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Bitcoin looks likely to inch higher toward $ 6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours.
Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $ 330 million from both
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