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The “FaceApp” craze, in which users can use an application to see what they will look like when they are elderly, is experiencing a second wave of popularity. Yet privacy experts point out that FaceApp may just make it that much easier for your privacy to be invaded. Your Data Is Your Concern Nobody ever […]
The post FaceApp Thrusts User Privacy into Spotlight amid Russian Ties appeared first on CCN Markets
Ethereum developers are having trouble scaling the most prominent smart contract platform in the world. Ethereum and The Bitcoin Cash Gambit It’s that simple. Scaling something worth billions of dollars without breaking it is a monumental task. Development roadmaps have regularly been delayed. Founder and Ethereum developer Vitalik Buterin thinks that the next era of […]
The post Bitcoin Maximalists Celebrate Ethereum’s ‘Demise’ amid Founder’s Scaling Concern appeared first on CCN Markets
Self-proclaimed bitcoin inventor Craig Wright reportedly cried in court during cross-examination in the $ 10 billion crypto lawsuit filed against him by the estate of deceased computer genius Dave Kleiman. On Friday morning, Wright was captured on a Twitter video as he headed into the Paul G. Rogers Federal Building in West Palm Beach, Fla. Estate […]
The post ‘Bitcoin Inventor’ Craig Wright Allegedly Cries in Court Amid $ 10B Crypto Lawsuit appeared first on CCN Markets
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government has just announced it’s releasing a 50,000 bolivar banknote. This is a little more than the minimum monthly wage but it can hardly buy you a decent meal in Caracas.
Also read: Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash
By CCN Markets: Friday’s Chewy IPO was a feeding frenzy of investor enthusiasm for this summer’s latest hot new stock. The IPO is clearly not dead in 2019, despite the brutal debuts of Lyft and Uber, which were all bark and no bite. The tremendous showing of IPOs like CrowdStrike, Fiverr, Beyond Meat, and Chewy show that Wall Street is still hungry for promising new companies with husky business prospects. The online pet retailer’s total raise topped $ 1 billion. PetSmart’s Chewy IPO Retrieves Big Profits Chewy shares (NYSE: CHWY) debuted on the stock market Friday at $ 22 per share, and
The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
The Ministry of Finance recently published a summary report of the government’s activities in 2018. “An inter-ministerial committee under the chairmanship of Secretary, Department of Economic Affairs with representatives from concerned departments has been constituted for considering all aspects related to virtual currencies and crypto assets,” the document begins to explain.
As is typical when Bitcoin (BTC) prices start to move higher, search interest in the largest digital currency has spiked over the last week, according to data from Google (GOOGL) and Baidu (BIDU). As pointed out by cnLedger, “bitcoin” recently topped the list of hottest new keywords on Baidu, the world’s ninth-largest internet company by revenue […]
SludgeFeed
Liquidity has shifted away from the top gaining crypto assets, with only six of the week’s 30 top performing markets currently riding 24-hour volume of seven figures or higher in USD. ABBC comprises the most liquid of the week’s top losers, currently ranking as the sixth poorest performing market of the last seven days after the resolution of the court case between Abbc Coin and Alibaba.
Also Read: Quadrigacx Co-Founder a Convicted Fraudster
Bitcoin private (BTCP) is currently ranking as the worst performing market of the past week after shedding nearly 47% of its value in seven days.
Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:
Figure 1: BTC-USD, 2-Hour Candles, Low TF Support
The zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it thus far. On a macro level, we are in a kind of no-man’s-land, following the bounce off macro support in the mid $ 3,000s:
Facebook’s careers website now lists 20 open positions related to blockchain technology in a wide range of areas.
CoinDesk
Razer, a Singapore-based gaming hardware maker, has announced that it will be closing down the Razer Game Store on February 28. According to the announcement, the move was part of a realignment in company plans, likely due to ever-increasing competition in the digital distribution space. “It has been a privilege for us to recommend and […]
SludgeFeed
Use cases are the name of the game for any token, and this is especially true when it comes to exchange tokens. Binance Coin (BNB), the token associated with the world’s leading crypto exchange, is now up over 20% in the last month as expanded use cases have fueled demand. The most important use case in […]
SludgeFeed
By CCN.com: Tesla has been granted the go-ahead to begin selling its mass-production, low-cost electric car in Europe. Beginning February, Tesla will be able to sell the long-range version of the Model 3, per Bloomberg. From Tesla’s website, the long-range model runs for 310 miles on one full charge. Permission was granted by the Dutch
The post Elon Musk Sees Boost Amid Cost-Cutting, Layoffs as Europe Clears Tesla to Sell Model 3s Next Month appeared first on CCN
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
