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By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses in the emerging industry, believe that the bear market has presented companies with positive opportunities
The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on CCN
Led by the Dow Jones Industrial Average, the stock market rocketed after reports that the US was to begin lifting tariffs imposed on Chinese imports. However, the market pared those gains after subsequent reports indicated that no such plans had been made. Dow Jones Leaps 250 Points Before Falling Back The Dow rose over 250
The post Dow Jones Rockets after Report Claims Trade War Winding Down appeared first on CCN
Watchmaker Fossil Group’s shares spiked today on news it had sold some of its smartwatch technology to Google in a deal worth $ 40 million. Announced today and expected to close in January, the deal launched Fossil’s share price as high as 10%. By close, though, it had ebbed back to $ 18.00 for a single-day gain
The post Fossil Shares See New Life after Firm Sells Smartwatch Tech to Google appeared first on CCN
The Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
The Thai Securities and Exchange Commission (SEC) announced on Monday the outcome of the latest cryptocurrency exchange application it had been reviewing. The country’s Ministry of Finance, under the recommendation of the SEC board, decided to reject the application of Coin Asset Co. Ltd. to operate a crypto exchange.
A middle-aged Scottish man has been sentenced to five years in prison for using bitcoin to purchase illegal firearms on the dark web. According to local police, David Mitchell, a 48-year-old from Edinburgh paid for a 9mm handgun, magazine, 150 rounds worth of ammunition, and a suppressor from the United States using about $ 2,750 worth of
The post Scotland: Man Jailed after Using Bitcoin to Buy Handgun on Dark Web appeared first on CCN
U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. Stocks Bounce Off Lows The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile pre-market session for Dow futures. At the time of
The post Poised for a Comeback? Dow Jones Pares Losses after President Trump Predicts New Trade Deal with China appeared first on CCN
Ampleforth has completed upgrades after its second security audit through New York firm Trail of Bits. The full report is available below. Ampleforth is a stablecoin which uses a different method of preserving its dollar-to-unit ration, by transferring “volatility from unit price to unit count.” As the market shifts around Ampleforth, formerly Fragments, users balances
The post Ampleforth Stablecoin Improves Security After Audit appeared first on CCN
The crypto bear market has claimed another victim. This time its venture-backed startup Zwoop, an ambitious e-commerce AI system supposedly built on the blockchain, which has reportedly fallen into administration after a failed attempt at an initial coin offering (ICO). According to a recent report by The Telegraph, Zwoop shuttered its operations, which included offices in Hong […]
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Shockwaves went through the gaming community on Thursday after Bungie, creator of the popular Halo franchise, revealed that it has split with Activision Blizzard (ATVI) and will assume full ownership of Destiny. Today, we’re announcing plans for Bungie to assume full publishing rights for the Destiny franchise. Read the full story at https://t.co/nxcJOVXAv6.https://t.co/RyD1jvi0hW pic.twitter.com/giFKmkyc9y — Bungie (@Bungie) January 10, […]
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Toyota has revealed it will recall another 1.7 million vehicles worldwide over airbag faults. The auto industry stalwart’s share price could be hit in the next session of trading. 23 Deaths Caused Worldwide by Takata Air Bag Inflators The latest recall is actually part of an ongoing recall program for Toyota which began in 2016
The post Toyota Shares Looking Bearish after 1.7 Million Vehicle Recall appeared first on CCN
The blockchain-powered blogging platform Steemit is being accused of centralization and censorship. On Jan. 7, 2019, the hacker group The Dark Overlord had its account banned from Steemit by a developer known as ‘Jredbeard’ for violating the company’s terms of service agreement.
Also Read: Developer Releases Cash-DB, a Terab Project Fork for the BCH Network
Trade talks between the U.S and China concluded earlier today boosting Asian markets and the start of trading in Europe. It could be another good day of trading for the Dow Jones and the wider markets in the U.S too. In Asia, the markets jumped in response to positive comments from officials. In China, the
The post Hope After US-China Talks: Stock Markets in Asia and Europe Trade Higher appeared first on CCN
On January 9, CCN reported that 13 financial institutions have started to utilize the Ripple blockchain through RippleNet, bringing the total number of banks in the Ripple ecosystem to 200. Fintech applications and banks in the likes of Euro Exim Bank, SendFriend, and JNFX have integrated RippleNet for liquidity and instant settlement of payments that
The post Ripple CEO to Critics After Obtaining 200 Clients: Banks Will Use XRP appeared first on CCN
Middle Eastern gamers joined together on Monday to push the conversation around the current server issues facing Fortnite in the region, uniting under the #FortniteMiddleEastServers hashtag on Twitter. The social media push has been strong enough that the hashtag has trended across numerous countries, including Jordan and the United Arab Emirates. The coordinated movement, started by […]
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Losses stemming from an ongoing 51 percent attack against Ethereum Classic have now breached the million-dollar barrier, according to updated figures published by cryptocurrency exchange Coinbase. Ethereum Classic Attack Grows More Costly CCN first reported yesterday that the 18th-largest cryptocurrency appeared to have become the latest blockchain network to succumb to a 51 percent attack,
The post Ethereum Classic Losses Top $ 1 Million after 51% Attack: Coinbase Research appeared first on CCN
The world’s second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources who spoke to the business publication, the ASIC manufacturer is looking into the possibility of holding its initial public offering (IPO) in New York in the
The post Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub appeared first on CCN
The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures.
The post Japan’s Financial Watchdog Might Approve Cryptocurrency ETFs After Saying No to Futures appeared first on CCN
On December 6, Valve made the decision to remove the $ 14.99 price tag attached to Counter-Strike: Global Offensive (CS:GO). Early data now shows that this move to free-to-play (FTP) has been a smart one, as average user numbers are currently up over 30% since November to 409,636. According to the data, concurrent users hit a peak […]
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Since our last markets update, cryptocurrency markets consolidated within a tight range and have been less volatile over the last few days. The market capitalization of the entire cryptocurrency economy has gained about $ 5.7 billion and a few of the top coins have seen some price jumps this week.
Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization
The Dow, S&P 500, and Nasdaq all plunged at the opening of trading today and continued to fall after Apple CEO Tim Cook suddenly revised Apple’s first-quarter revenue predictions. Apple shares have dropped nearly 10% as of the time of writing, putting the tech giant on track for its worst daily loss in more than
The post Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast appeared first on CCN
