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The Dow extended its recovery on Tuesday after the Trump administration struck a deal with House Speaker Nancy Pelosi to raise the debt ceiling and avert another market-crippling government shutdown. Dow Mounts Triple-Digit Advance All three primary stock market indices bounced during the morning session. The Dow Jones Industrial Average surged more than 100 points […]
The post Dow Rallies 100 Points After Trump and Pelosi Avert Govt Shutdown appeared first on CCN Markets
Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in play.
Also read: Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad
The Dow and broader U.S. stock market drifted lower Tuesday after President Trump warned that the trade war with China still has “a long way to go” before reaching its desired conclusion. Dow Under Pressure; S&P 500 Halts Five-Day Win Streak All three of Wall Street’s major benchmarks were under pressure during afternoon trade, mirroring […]
The post Dow’s Record Rally Speeds to the Brink After Trump Shocks Markets appeared first on CCN Markets
In today’s busy world, all of us have some kind of important information that even in this digital era, we keep them on a piece of paper, in a book or sometimes in a safe. This information may include personal, financial, documents, our family and friend’s birthday, important dates in our lives and most importantly […]
The post Put an End to Concerns About Traders’ Money After Their Death appeared first on CCN Markets
One of the thirty stocks that make up the Dow Jones Industrial Average suddenly found itself under pressure on Friday after the Justice Department accused it of lying about cancer risks associated with one of its products. Johnson & Johnson Stock Dives 5% Shares of Johnson & Johnson entered a freefall after Bloomberg reported that […]
The post Dow Stock Suddenly Plunges After DOJ Says It Lied About Cancer Threat appeared first on CCN Markets
As it is, the bevy of departures of employees across many divisions at Tesla has contributed to a brain drain at Elon Musk’s famously troubled company. Finding and retaining the best workers in the business, as well as people who are able to work in the apparently chaotic environment at the company, is going to […]
The post Tesla's Woes Escalate After Autopilot Files Stolen in Corporate Espionage appeared first on CCN Markets
Bitcoin was about to break out to a new high on Wednesday at $ 13,200, but then suddenly sold off 10 percent in about 90 minutes. What was behind this sudden sell-off? What Goes Up Must Come Down There is a fundamental rule in physics known as gravity. What goes up must come down. There is […]
The post Here's Why Bitcoin Price Cratered After Smashing Beyond $ 13,000 appeared first on CCN Markets
The bitcoin price sat within inches of setting a new yearly high. The bulls flinched, and the leading cryptocurrency promptly embarked on a 10 percent plunge. Bitcoin Price Slides Below $ 12,000 Earlier today, the bitcoin price peaked as high as $ 13,200, less than $ 700 below the 2019 high it recorded late last month. However, BTC […]
The post Newsflash: Bitcoin Plunges 10% After Almost Setting New 2019 High appeared first on CCN Markets
Economist and fierce bitcoin critic Nouriel Roubini has slammed BitMEX CEO Arthur Hayes in a series of angry tweets, calling him a “sleazy coward.” Roubini and Hayes sparred in a heated on-stage debate at the Asia Blockchain Summit on Wednesday, but the organizers have so far refused to release footage. Roubini accused the organizers of […]
The post Nouriel Roubini Rages at ‘Sleazy Coward’ Crypto CEO After Vicious Debate appeared first on CCN Markets
Eight crypto exchanges have been hacked year-to-date with major exchanges in the likes of South Korea’s Bithumb reporting high-profile security breaches. In the upcoming months, despite the emergence of highly sophisticated technologies and tools employed by hackers, it may become significantly more difficult to hack into crypto exchanges. Why hacking crypto will become harder […]
The post Crypto Will Become Much Harder to Hack After Binance Shares Data appeared first on CCN Markets
The CEO of the OneCoin cryptocurrency scam, Konstantin Ignatov, will have to undergo trial while still in custody. The New York Southern District Court’s Judge Edgardo Ramos denied a bond application filed by Ignatov despite the top leader of the cryptocurrency scam having proposed attractive release conditions, as first ported by Finance Feeds. Ignatov is […]
The post OneCoin Crypto Scam Boss Faces Jail Trial after $ 20 Million Bail Fail appeared first on CCN Markets
Pseudonymous Grin founder Ignotus Peverell has stepped away from the project, reassuring the privacy coin’s community that it is in “safe hands.” The move has sparked inevitable Satoshi Nakamoto comparisons. Bitcoin’s pseudonymous creator used almost identical language eight years ago, writing in an email that “I’ve moved on to other things,” before adding “It’s in good hands with Gavin and everyone.”
Also read: Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes
The value of Bitcoin SV (BSV) rebounded 21% on Friday morning, fresh off the back of a surprise mention on the Joe Rogan Experience. BSV’s gains outpaced the broader market, which rebounded 10% just hours after $ 83 billion exited the cryptocurrency market in a flash. Bitcoin SV… Maybe? During episode #1318 of the JRE podcast […]
The post Bitcoin SV (BSV) Pumps 21% After Surprise Mention on Joe Rogan appeared first on CCN Markets
The US stock market roared back to life on Wednesday, and the Dow shot around 100 points higher as Wall Street prepared to close the book on its best June in more than three-quarters of a century. The catalyst for today’s rally? US President Donald Trump allegedly flinched on his $ 300 billion tariff threat […]
The post Dow Roars After Trump Flinches on $ 300 Billion China Tariff Threat appeared first on CCN Markets
The Dow and broader U.S. stock market declined sharply on Tuesday, as investors reacted to dovish commentary from Fed chief Jerome Powell that suggested central bankers were becoming ever-more concerned about the economy. Dow, S&P 500, and Nasdaq Sink in a Sea of Red All of Wall Street’s benchmark indexes traded in negative territory on […]
The post Dow Rips Lower After Fed's Powell Sounds Alarm Bell on U.S. Economy appeared first on CCN Markets
In May, a group of Bitcoin Cash (BCH) supporting businesses and individuals launched a fundraiser to support BCH development. Since then the fundraiser has received massive support and so the organizers have decided to double the goal to 1600 BCH by August 1, 2019. Moreover, other projects have been added to the Bitcoin.com/fundraise page in order to include development projects like Bitcoin Verde and Flowee the Hub.
Also read: 10 Years Ago Bitcoin’s Genesis Block Changed the Course of History
By CCN Markets: U.S. citizens who have failed to report their income from crypto transactions or underreported such income now have every reason to worry. According to Bloomberg, the Internal Revenue Service has identified a couple of taxpayers who underreported their earnings from crypto income or completely failed to report such earnings. Taxpayers who have been identified can now expect to receive notices in the near future. Crypto users beware. IRS auditors are starting to look at your transactions. https://t.co/85P4uiBLQU — Ally Versprille (@allyversprille) June 20, 2019 The tax body employed its document matching program – a tool used on
By CCN Markets: Goldman Sachs analyst David Tamberrino delivered some ugly thoughts about Tesla’s stock, and it relates the sustainability of demand. There is a lot of that going around. Tesla’s annual revenue: 2019: $ 25.0 billion*2018: $ 21.5 billion2017: $ 11.8 billion 2016: $ 7.0 billion2015: $ 4.1 billion 2014: $ 3.2 billion2013: $ 2.0 billion2012: $ 413 million2011: $ 204 million2010: $ 117 million2009: $ 112 million2008: $ 15 million *analyst forecasts pic.twitter.com/wDjKbRODSR — Jon Erlichman (@JonErlichman) June 21, 2019 Tesla’s Success is Due to Government Rent-Seeking One of the many criticisms regarding Tesla is its reliance on government handouts, including tax incentives. The federal government provided a whopping $ 7,500
By CCN Markets: In a legislative move that only Bizarro World could love, the New York State Senate has passed a bill that makes possession of a flamethrower for recreational use a crime. The bill now moves to the Assembly. Even more bizarre, this bill appears to be the direct result of everyone’s favorite circus ringmaster, Elon Musk. The Boring Company Flamethrower Eighteen months ago, Elon Musk and The Boring Company introduced a $ 500 flamethrower that uses propane. Ever-a-sucker for anything Elon Musk announces, 20,000 orders for The Boring Company flamethrower were placed. Perhaps Tesla owners grew impatient waiting for
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
