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Esports organizations are often stressful yet immensely rewarding enterprises. One of the best teams for DOTA 2 has officially shut its doors. Despite qualifying for one of 16 spots at DOTA 2’s largest event ever – and one of the highest-paid tournaments in all of eSports – Forward Gaming has announced its insolvency. With outstanding […]
The post eSports Team Forward Gaming Burns Out. Could It Have Been Prevented? appeared first on CCN Markets
Andrew Yang is the Democratic presidential candidate with the lowest profile. That’s unfortunate because he’s not only one of the more reasonable candidates on the slate, but he also has some very interesting policy ideas – including one that would boost cannabis stocks. Marijuana is already legal in most states for medical use and in […]
The post Cannabis Stocks Could Get High on an Andrew Yang Presidency appeared first on CCN Markets
The stock market’s unstoppable bull run could keep forging new highs for another eight years. That’s according to Fidelity’s director of global macro, Jurrien Timmer. After breaking new record territory last week, Timmer believes the S&P 500 and Dow Jones are in a bullish super-cycle. And they’re not overcooked yet. If he’s right, any downturns […]
The post Stock Market Could Rage Higher For Another 8 Years, Fidelity Strategist Claims appeared first on CCN Markets
German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis.
Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
Tesla’s stock had a terrific June and has managed to sustain that momentum this month. But don’t be surprised if it takes a hit and heads lower once the company releases its fiscal second-quarter results on July 24. Elon Musk has propped up expectations by revealing Tesla’s second-quarter delivery numbers already, which smashed estimates and […]
The post Tesla’s Stock Could Hit the Skids as Analyst Presses the Brakes appeared first on CCN Markets
Netflix stock plummeted 11% out of the gate despite posting better-than-expected earnings in Q2. The reason? A colossal miss in subscriber growth, the lifeblood of the debt-ridden media giant. Now that Wall Street appears to be waking up to overvaluations, here are three tech stock bubbles – Beyond Meat, Uber, and Tesla – that might […]
The post Netflix Bubble Bursts and These 3 Tech Stocks Could Be Next appeared first on CCN Markets
Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $ 9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $ 12,000. However, […]
The post Bitcoin Could Shed 20% & Drop to $ 7,400 Because Bulls Look Exhausted appeared first on CCN Markets
President Donald Trump tweeted a blistering takedown of cryptocurrencies like bitcoin and Libra Thursday. But the savage Trump roast on Twitter might be great for bitcoin. It may even boost the bitcoin price to a new all time high. That’s Fundstrat Global Advisors Head of Research Tom Lee’s prediction. In an interview on Yahoo Finance, […]
The post Trump’s Crypto Roast Could Supercharge Bitcoin Price to $ 40,000, Predicts Analyst appeared first on CCN Markets
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Just this week, Chinese police busted a gang of Bitcoin miners that […]
The post China's Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally appeared first on CCN Markets
Bitcoin’s parabolic ascent looks unstoppable. Recently, every correction has been seen as an opportunity to buy heavily on dips. This week, the number one cryptocurrency is up by as much as 15 percent and it looks like bulls are gunning for the 2019 high of $ 13,868.44. The atmosphere is so bullish that CryptoTwitter is starting […]
The post Warning! Bitcoin Could Spiral to $ 9,000 with Flailing Overheated Indicators appeared first on CCN Markets
A cargo ship headed for northern Europe was seized in Philadelphia by U.S. law enforcement last month, apparently tipped off to the fact that the ship was carrying 20 tons of cocaine. JPMorgan is involved. A PR Black Eye for JPMorgan The owner of the ship is the Switzerland-based Mediterranean Shipping Company. Yet, in a […]
The post JPMorgan Could Have Avoided the Billion-Dollar Cocaine Ship Fiasco appeared first on CCN Markets
The deputy governor of Japan’s central bank predicts a large user base for Libra and warns Facebook to comply with money laundering and risk management regulations. Libra’s ‘enormous’ user base According to Bank of Japan Deputy Governor Masayoshi Amamiya, Libra could have a high user base in the future. Facebook has to act responsibly, […]
The post BOJ’s Amamiya: Facebook’s Libra User Base Could Be ‘Enormous’ appeared first on CCN Markets
The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […]
The post Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan appeared first on CCN Markets
The US markets will remain closed on Thursday while Americans celebrate the Fourth of July Independence Day holiday, ensuring that the Dow Jones Industrial Average and other major stock indices will enjoy the new all-time highs they set on July 3 for at least one more day. However, when Wall Street returns to action […]
The post Dow Jones: Trade War Fireworks Could Trigger Fourth of July Hangover appeared first on CCN Markets
White House Trade Adviser Peter Navarro told CNBC that the Dow Jones Industrial Average could hit 30,000 if a couple of factors come to pass. He said: “The two things that really have to happen in the short run to get us Dow 30,000, and above are going to be passing the U.S., Mexico and […]
The post Trump Trade Adviser Says Two Catalysts Could Send the Dow to 30,000 appeared first on CCN Markets
IMF Managing Director Christine Lagarde has reportedly been nominated to head up the European Central Bank, and this could be great for cryptocurrency. The banker has previously spoken positively about blockchain and cryptocurrency, saying that it’s time for the world to get serious about the technology. Christine Lagarde has been nominated as candidate to replace […]
The post Mario Draghi’s ECB Successor Could Usher in Crypto-Friendly Europe appeared first on CCN Markets
In its latest report entitled “Five Facts on Fintech,” the International Monetary Fund (IMF) said that based on its research, countries generally foresee the emergence of crypto assets backed by central banks. The study, which surveyed central banks, finance ministries, and other government agencies in 189 countries, explicitly stated that central bank-backed crypto assets are […]
The post IMF Says Central Bank-Backed Crypto ‘Could Become Reality’ appeared first on CCN Markets
Bitcoin’s jaw-dropping run over the last few weeks has made many people euphoric. Some are starting to predict that the leading cryptocurrency will hit $ 60,000 in this bull cycle. Claims like this often signal that a local top is in. If that’s the case, those who took profits at current levels might move their capital […]
The post Ethereum Could Soar to $ 900, Predicts Popular Elliott Wave Trader appeared first on CCN Markets
Stock prices follow earnings growth. The stock market reflects earnings expectations. That’s why analysts are concerned that the Q3 earnings forecast for the S&P 500 is for a decline of 0.3 percent, according to Factset data cited in CNBC. Declining earnings imply declining stock prices. Earnings Growth Going the Wrong Way Because Q2 earnings for the stock market are coming in negative – and Q1 did also at -2.3 percent – there is growing concern about the stock market’s valuation. That’s with good reason. The stock market is presently the second most expensive in history and overdue for a big
According to Business Korea, hundreds of minor crypto exchanges in South Korea could run smack into heightened scrutiny for failing to abide by proposed enhanced know-your-customer (KYC) regulations, which would require exchanges to only provide services to users with “real-name accounts” issued by local financial institutions. Earlier this month, the Financial Action Task Force, an intergovernmental organization under the G7, proposed guidelines that encourage all crypto exchanges to share customer data. Although industry executives and experts have indicated that the ruling of the FATF is highly impractical and may be counterproductive, many countries in the G7 and the G20 –
