Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling by 19 percent from its all-time high. The short-term recovery of the Dow was mainly attributed to the Federal Reserve rate, which is expected to remain stable in the range of 2.25 percent to 2.5 percent. But, another key factor may have largely affected the sentiment around the U.S. stock market throughout the
Moody’s Investors Service warned Tuesday that the U.S. economy could suffer even worse damage from another government shutdown only three weeks after the record-breaking, month-long shutdown that concluded last week. The partial federal government shutdown that left 800,000 federal workers furloughed (or working without pay on essential government functions) concluded temporarily after President Donald Trump and congressional leaders agreed to fund the government for three weeks while negotiations between the two parties continue over Donald Trump’s request for a $ 5.7 billion border fence appropriation in the next spending bill. Moody’s Investors Service warned: The partial government shutdown had concentrated effects,
By CCN.com: Mike Novogratz, a billionaire venture capital and avid cryptocurrency investor, is reportedly raising $ 250 million to support crypto businesses. According to a Business Insider exclusive report, sources close to the company have revealed that Galaxy Digital is in the process of securing $ 250 million to establish a credit fund to finance crypto funds
The post Billionaire Mike Novogratz Raising $ 250M Should Reassure Crypto Investors, Even in the Bear Market appeared first on CCN
Bitcoin birthed the concept of blockchain technology, and now even organizations as technologically advanced as NASA are considering its benefits. Yet cryptocurrency is often described as a fad, a bubble, and even worthless. NASA Eyes Hyperledger Blockchain for Air Traffic Management Ronald J. Reisman, an aero-computer engineer at the NASA Ames Research Center, has put
The post Bitcoin is a ‘Fad,’ But Even NASA is Investing in Blockchain appeared first on CCN
Mark Dow, a former IMF economist who manages a family office in southern California, has published a warning to Bitcoin (BTC) bulls, revealing a key support line that needs to hold to maintain the technical health of the leading digital currency. In a recent tweet, Dow shares that he still believes that Bitcoin’s chart is “beautiful,” despite […]
Randy Brito is the head of Bitcoin Venezuela, a non-profit organization dedicated to educate and promote Bitcoin in Venezuela. He is also spearheading the Locha project, which he describes as “an effort to push the needed developments and research for achieving the hyperbitcoinization in Venezuela.” Brito also sees a use case for bitcoin in countries
The post Interview: Bitcoin Venezuela on Why the Petro Cryptocurrency Isn’t Even ‘Backed by Trust’ appeared first on CCN
An ethereum-based trading card recently flirted with Magic: the Gathering’s record, selling for $ 60,000 at auction.
The first Bitcoin exchange-traded fund (ETF) is expected to be approved by February of 2019. But, some experts have stated that ETFs may increase the volatility of the market. How the ETF Will Impact the Market Over the past few months, analysts have been divided on the effect of the ruling of the US Securities
The post Will the First Bitcoin ETF Make the Crypto Market Even More Volatile? appeared first on CCN
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit to blame – bitcoin.
Blockbid COO David Sapper believes the hype surrounding Bitcoin and other cryptocurrencies is just getting started, and will one day permeate our everyday lives.
‘More Mainstream Adoption in the Coming 18-24 Months’
Plenty of people are feeling the Bitcoin blues these days — and understandably so. The first and foremost cryptocurrency has plummeted from all-time highs challenging $ 20,000 to a yearly low below $ 6000.
Still, even though an undeniable bubble obviously popped at the onset of 2018, the hype surrounding Bitcoin 00 hasn’t even come close to reaching a fever pitch. In fact, according to Blockbid COO David Sapper, “the hype has barely even begun.”
The Pirate Bay (TPB) has resumed its cryptojacking activities. The P2P file-sharing platform launched another browser script that hijacks unused CPU power of site users to mine cryptocurrency. TPB launched a similar browser script in September 2017 but discontinued it after vociferous protests from site users.
TPB is Running the Crypto Loot Web Miner
According to reports, the platform is running the web miner script called crypto loot. In a post on the TPB forum from June 2018, a user on the platform first reported the presence of the mining script on the TBP platform.
The rise of solutions like the lightning network suggests crypto can have its cake and eat it too. Transactional scaling may just be the icing.
With 80 percent of all bitcoins already mined, and the hashrate of the network reaching all-time highs, in today’s Bitcoin in Brief we are covering some news from the world of crypto mining. An Italian company is developing mobile mining farms, while in Russia a mining hotel offers an opportunity to legally earn cryptocurrency. And, if you can’t afford to buy or rent a rig, you can always experience the life of a miner thanks to one of the simulators that are hitting the market.
EVEN DEX, a fully decentralized cryptocurrency exchange platform, is launching its public pre-sale on the 26th of April in preparation for its upcoming ICO stage. The project is designed with complete decentralization in mind on the basis of a proprietary blockchain to allow users full integrity and security of funds and to ensure transparent and secure transactions with cryptocurrency assets.
Using its master node system and fully decentralized approach to conducting cryptocurrency exchange operations, the EVEN platform aims at solving the issues of funds security, transaction speeds and availability of professional instruments for trading. Currently, available exchange platform solutions operate through third parties to store user funds, subjecting them to risk. The EVEN platform intends to implement its exchange on a proprietary blockchain and ensure entirely decentralized funds storage.
If the US government wants to figure out how to effectively regulate Bitcoin and cryptocurrencies while encouraging technological growth, elected officials on Capitol Hill will first need to learn how Bitcoin works.
Old Suits, New Technology
The average age of Members of the House at the beginning of the 114th Congress was 57.0 years; of Senators, 61.0 years — and almost all of them have no experience with Bitcoin or the cryptocurrency market.