U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US’ largest energy utility firm with a market cap of $ 13+ billion said that the decision was forced by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility
U.S. President Donald Trump has reiterated that Mexico will pay for the wall that he pledged to build along the country’s southern border during the 2015/2016 campaign rallies. In an early-morning tweet, Trump declared that the benefits accruing from the recently signed United States-Mexico-Canada Agreement (USMCA) trade deal would meet the cost of the wall:
The post Trump: Mexico will Pay for Wall as USMCA is ‘Billions of Dollars’ Better Than NAFTA appeared first on CCN
A U.S. court has denied crypto entrepreneur Craig Wright’s attempt to dismiss a lawsuit alleging he misappropriated at least 300,000 bitcoin.
In the words of the CEO of bitcoin investment firm Pantera Capital, Dan Morehead, disruptive technologies usually earn the title ‘category killers’ but in the case of bitcoin it is a ‘serial killer’. According to Morehead, this is because it will disrupt ‘dozens’ of sectors with the cryptocurrency already having demonstrated the capacity to potentially
The post Pantera Capital CEO: ‘In a Decade Billions of People Will be Using Bitcoin appeared first on CCN
A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s
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Since the 7th November, the global crypto market has lost around $ 6 billion of its valuation as it dropped from $ 220 billion to $ 214 billion where Bitcoin seemed to stay relatively stable.
The day before this started, November 6th, some of the biggest currencies including Ripple, Ethereum, Bitcoin Cash, Cardano and Stellar were seeing some big gains of up to thirty percent with Bitcoin Cash skyrocketing 40 percent within just a two-day span.
After demonstrating a significant increase in value, most of the major cryptocurrencies retraced which were expected amongst the majority of digital currency traders in the community.
Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $ 1.3 billion in yearly revenue by the end of 2018. Binance, the go-to crypto exchange for digital asset traders, recorded a profit of $ 200 million in January, nearing that of Germany’s biggest financial institution Deutsche Bank. Upbit and Bithumb, two
The post Crypto Exchanges are Raking in Billions in Revenue Despite Market Struggles appeared first on CCN
Blockchain ‘networks’ are built to always be improved. It’s an essential part of running a cryptocurrency project. Networks need space to grow and they need to be able to be built upon. Ripple have very recently flourished in some of the fruits of their own labour very recently, as it is becoming seemingly more apparent just how powerful the Ripple network is, in ensuring that XRP transactions can be made at super high volumes, with very low fees, in record breaking time.
The ethereum price clawed its way back to $ 300 on Wednesday as the wider cryptocurrency market experienced a double-digit recovery. Ethereum suffered a colossal sell-off during the early part of the week, dipping as low as $ 249 on Monday and leading many to wonder whether the second-largest cryptocurrency’s status as a launchpad for initial coin
The post Newsflash: Ethereum Price Claws Its Way Back to $ 300 as Market Adds Billions appeared first on CCN
The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own.
The leadership of Coincheck exchange has reportedly accepted on Thursday the acquisition bid by Japanese financial services firm Monex Group (Tokyo Stock Exchange: 8698). The final details are still being worked out between the two sides but the exchange is expected get a cash injection of 3.6 billion yen ($ 33.6 million).
**On Today’s Episode Of The Cryptoverse:**
A new decentralised exchange is coming thanks to the SAFE network, Japan plans a special regulatory sandbox to allow new fintech innovations to establish themselves, and more info on the Basic Attention Token (BAT) project.
Today’s episode is sponsored by TunnelBear. the simple VPN app that makes it easy to browse the web privately and enjoy a more open and secure Internet experience.
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