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Canadian air traffic controllers showed support for their American peers who are working during the partial US government shutdown by sending them pizza. The Canadian Air Traffic Control Association units in Newfoundland and New Brunswick ordered 32 boxes of pizza for their counterparts in the New York Air Traffic Control Center in Long Island on Friday
The post Cheesy Surprise: Canadian Air Traffic Controllers Send Pizza to US Peers Amid Shutdown appeared first on CCN
Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
Throughout December 2018, for example, like many companies in the crypto space, Bitmain appeared to be gearing up for a wave of layoffs. With employees taking to semi-anonymous, Chinese forums to describe their experiences, reports claimed that entire departments were completely shuttered, and about half of the entire workforce was due to be sacked. Indeed, Bitmain began the month by shutting down all operations in Israel, despite success in that country since 2016.
A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions.
The post Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless appeared first on CCN
The US stock market experienced another wild roller coaster ride on December 28 after three massive buy orders roiled Wall Street in late-afternoon trading. The Dow Jones Industrial Average closed at 23,062, down 76 points from the previous day’s stunning 800-point spike. Finance blog ZeroHedge opined that institutional investors — specifically, pension funds executing year-end reallocation
The post 3 Massive Buy Orders Roil Stock Market Amid Rumored ‘Pension Buying’ Frenzy appeared first on CCN
A state-run energy company in Abkhazia is calling for the regulation of cryptocurrency mining activities to avoid the partially recognized republic being plunged into darkness this winter. According to Eurasianet, the cryptocurrency mining farms in Abkhazia, which are mostly located in abandoned Soviet factories, are guzzling a significant amount of electricity. As a result, it
The post Abkhazia Eyes Crypto Mining Regulations amid Fears of Winter Power Shortages appeared first on CCN
With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. According to Israeli business publication Globes, the China-based Bitmain has closed Bitmaintech Israel, the development center it set up two … Continued
The post Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes appeared first on CCN
Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.S. law.
Also Read: Estonia to Tighten Rules for Licensed Crypto Companies
The SEC chairman reiterated that the SEC does not see bitcoin as a security. However, it does view the tokens that are offered in many ICOs as securities. “If you’re going to offer and sell securities, you have to do that in compliance with our laws,” Clayton said.
On November 28, the Dow Jones Industrial Average surged by 617 points, recording its biggest rally since March. Following the unexpected rebound of the U.S. stock market, the crypto market increased in valuation, by more than $ 23 billion. Federal Reserve Chairman Jerome Powell announced on Wednesday that interest rates have declined to a neutral level,
The post Crypto Surges $ 23 Billion amid US Stock Market Recovery: Direct Correlation? appeared first on CCN
Over the past 12 hours, the price of Bitcoin, which was dangerously close to breaching the $ 4,000 support level, surged from $ 4,050 to $ 4,560, by more than 12 percent. On Coinbase and major fiat-to-crypto exchanges like Bitstamp and Kraken, Bitcoin dropped to as low as $ 4,030 for a brief period of time and recovered to
The post Bitcoin Price Rises From $ 4,050 to $ 4,560 Amid Extreme Volatility Following Bakkt Delay appeared first on CCN
Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.
Also Read: Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in Australia
The southern African country of Zimbabwe, which adopted the U.S. dollar after abandoning its currency at the height of hyperinflation in 2009, is gripped by a shortage of foreign currency which has seen prices of imported goods spiral in recent weeks.
The tough year for Nvidia (NVDA) continues as Goldman Sachs (GS) has now removed the company from its conviction list, saying it was “clearly wrong on the stock.” This news comes a week after disappointing Q3 earnings results that included a very weak forecast. As a result, Goldman has cut its price target from $ 283 to $ 200, which is the […]
SludgeFeed
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
CoinDesk
Following the mid-week crypto market sell-off, XRP has officially passed Ethereum (ETH) to become the second largest cryptocurrency behind Bitcoin (BTC). Ripple’s cryptocurrency now holds a $ 19 billion market cap, while Ethereum has fallen to below $ 18.5 billion. As of Friday morning, XRP and ETH constitute 10.9% and 10.5%, respectively, of the AltDex 100 Index (ALT100), a benchmark index […]
SludgeFeed
The price of Decentraland (MANA), the first virtual reality platform owned by its users, is currently up around 7% on the day as the project continues to gain momentum. Over the last month, MANA’s price has increased substantially, jumping more than 38% to $ 0.0964, giving the project a $ 100.9 million market cap. Decentraland recently hit a new record […]
SludgeFeed
Bitcoin’s reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $ 6,200 is now a possibility.
CoinDesk
Chart for BTC/USD (1M)
Bitcoin (BTC) volatility has now reached record low on major exchanges. The price is preparing for a reversal and risk taking has returned to the market. We have seen most altcoins rally against Bitcoin (BTC) the past 48 hours. This further confirms our view that the trend is about to reverse and Bitcoin (BTC) is going to enter a period of gradual ascend. As we have seen in the past, this is the period where most altcoins rally against Bitcoin (BTC). The same has started to happen this time and the altcoin market confirms it. This means that all those people waiting for Bitcoin (BTC) to make a 5x or 10x moves from here on out to reach a new ATH is not going to happen. Instead, altcoins are going to have their rally first.
Marshall Islands President Hilda Heine is under fire and is facing a vote of no confidence amid a bold plan led by her administration to introduce a national cryptocurrency dubbed the Sovereign (SOV). The vote will reportedly occur next week after a group of eight senators including Senator Casten Nemra introduced the motion on Monday with
The post Marshall Islands President Faces No Confidence Vote amid Plans for a National Cryptocurrency appeared first on CCN
Bitcoin on Thursday is trending inside a narrow trading channel, sustaining the 1 percent gain it made the previous day. The BTC/USD instrument is rebounding from the highs made during the Wednesday trading session, now 0.67 percent down at 6307-fiat. The high ticks in bitcoin’s volume index somewhat explain how new money has entered the
The post Bitcoin Price Intraday Analysis: BTC/USD Recovers amid Downside Vulnerability appeared first on CCN
The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $ 58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback
The post Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume appeared first on CCN
It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:
Figure 1: ETHUSD, 4 Hour Candles, Trading Range
