By CCN Markets: Shaquille O’Neal has proven himself to be a savvy businessman following his retirement from the NBA. Having already made a bundle in restaurants, gyms, his own branded products, and licensing deals, now he’s reportedly looking to make a big splash in a dead name – Reebok. The former NBA superstar O’Neal has a soft spot for the old shoemaker, having made a licensing deal with Reebok more than 25 years ago. Now, he says, Adidas has abandoned the brand and he wants to rescue it. It’s a terrible idea for three primary reasons. Reason No. 1: Competition
- Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand.
- We have yet to see a strong test of the overhanging liquidity zone in the $ 5,700 to $ 6,000 range so, it seems logical to see a test of that region before any meaningful, macro pullback takes place.
Cryptocurrency brokerage Voyager has agreed to buy wallet provider and ICO issuer Ethos for about $ 4 million.
There’s never any shortage of financial scams perpetrated against those unfamiliar with the asset class and the latest scam allegedly involves a virtually unknown cryptocurrency called MCash Tokens. According to a February 1 legal filing, plaintiff Lijun Sun, a citizen of China and resident of California, transmitted a total of $ 2,000,020.93 to Blue Ocean Capital Group, Inc., […]
By CCN.com: Cboe BZX Exchange has officially withdrawn their Bitcoin Exchange Traded Fund application. Filed last June, the official withdrawal of the application came in on January 22. A letter published on the SEC’s website makes the news official. SEC deputy secretary Eduardo Aleman writes that the Cboe BZX Exchange rescinded its request for a
The post Most US Investing Pros are Waiting on a Bitcoin ETF Before Buying Crypto appeared first on CCN
By CCN.com: This week in crypto saw several interesting developments as regard exchanges, exit scams, and at least one failed ICO-funded company in the form of Giga Watt. Crypto Media Clings to Story of Russian Government Buying Bitcoin, CCN Asks for Proof CCN started the week off by debunking a mythical impending “$ 10 billion Bitcoin
China has extended the olive branch back to the United States by offering a path to eliminate Washington’s burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Trump administration was considering lifting tariffs amid the ongoing trade war. China Proposes
The post Bye Bye Trade War? China Plans $ 1 Trillion Buying Spree to Reduce US Trade Deficit appeared first on CCN
Russia is not planning to buy $ 10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko told ForkLog. “The Russian Federation — like any other country in the world — is simply not
The post Russia Denies Buying $ 10 Billion in Bitcoin, Telegraph Story Fake News appeared first on CCN
There’s a good chance you’ve talked to a friend about Bitcoin. Or maybe heard about this “crazy digital currency” in the news, but haven’t tried to obtain any because you think it might be difficult. These days, acquiring cryptocurrency is actually very easy, with various avenues you can take to purchase your first coins.
Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears. Until there is greater clarity concerning crypto regulation, due diligence procedures and taxation, potential participants are opting to wait on the sidelines.
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
Bitcoin price is surging above the psychological resistance of $ 4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $ 4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of
The post Newsflash: Bitcoin Price Surging Beyond $ 4,100 in Extended Buying Action appeared first on CCN
Square, a payment platform for merchants and individual users operated by Twitter CEO Jack Dorsey, has surpassed Coinbase to become the most widely used iOS app to buy Bitcoin (BTC). The platform, called Cash App on Apple’s iOS store, also overtook YouTube to become the number one top free mobile application on the iOS store,
The post How Did Twitter CEO’s Square Overtake Coinbase as #1 Bitcoin Buying App? appeared first on CCN
Bitcoin (BTC) has suffered another major sell-off over the last week, dropping nearly 24% over the period. Major altcoins, outside of XRP (XRP), have performed just as bad or worse. However, according to data recently published by eToro senior market analyst Mati Greenspan, it looks like investors on the Tel Aviv-based trading app have taken […]
Wall Street strategy firm Fundstrat Global Advisors is among the mainstream financial industry’s biggest long-term cryptocurrency bulls. However, the firm is advising clients to hold off on buying more bitcoin — at least for right now. Writing in a recent note to clients, Fundstrat technical strategist Robert Sluymer said that investors seeking to increase their
The post Bitcoin Price: Wait for Clear Bull Trend before Buying More Cryptocurrency appeared first on CCN
The post Just 10% of advertisers have executed ad buying using blockchain technology: survey appeared first on CoinReport.
Despite the statewide clampdown on initial coin offerings, investors in China can still take buy ICO tokens fairly easy. Local ICO projects, on the other hand, take advantage of foreign-registered companies to circumvent the prohibitions.
How to Buy Bitcoin in China
Apparently, all prospective investors have to do is to get logged into a platform for over-the-counter (OTC) transactions where they can easily buy mainstream cryptocurrencies such as Bitcoin using WeChat, Alipay or even a simple bank transfer. Investors can then use the digital currency to purchase whatever ICO tokens they need.
Fred Wilson of Union Square Ventures said of Bitcoin back in 2014, “The lesson from the internet is, anything that China bans, invest in it.” While China has been ‘banning’ crypto for years, recent reports indicate that the government is clamping down even further and is set to ban more than 120 offshore cryptocurrency exchanges. Additionally, […]
Cryptocurrency traders are eyeing a Bitcoin short squeeze of “glorious” proportions on September 3 — as prices surpass and remain above $ 7000.
Big Buys In Vogue Again
As BTC/USD reached its highest levels in almost one month on Sunday, online commentators are grappling with a range of factors to determine the longevity of Bitcoin’s latest uptick.
As Bitcoinist reported today, a potential incoming sell-off from a dormant wallet with a giant balance of over 110,000 BTC ($ 800 million) has failed to shake market confidence — reversing trends seen during the Mt.Gox Bitcoin sells which began in November 2017.
Twitter influencers have long played a significant role within the crypto-sphere, providing everything from technical market analysis to timely and amusing memes. These accounts have helped build a sizeable following that eventually became known as CryptoTwitter (CT). While it was never possible to determine the real-world impact of these accounts on price action and crypto […]