By CCN Markets: The old adage “a rising tide lifts all boats” appears to be more applicable to the crypto market than perhaps any other asset class. Need proof? Just look at the resounding impact the looming bitcoin halving is having on virtually every major cryptocurrency. The Halving is Bullish for the Bitcoin Price For those who are not familiar, the bitcoin halving is a much-anticipated event in which BTC block rewards are reduced by 50 percent. One halving happens every four years. From an economic standpoint, the bitcoin halving is a bullish event because it significantly reduces the inflation
By CCN Markets: A cryptocurrency investment scheme in South Africa’s Kwa-Zulu Natal Province has proven that having an unoriginal name, Bitcoin Wallet, never stopped any scam from raking in tens of thousands of dollars daily from the masses. According to The Citizen, the cryptocurrency scam is operating from Kwa-Zulu Natal’s rural town of Ladysmith. The scam is estimated to be drawing in R2 million ($ 135,000) daily in a town of just over 60,000 people. The investment scheme owned and operated by Sphelele ‘Sgumza’ Mbatha is promising returns of 100 percent within 15 working days. Initially, the lowest investment amount
In the beginning, there was Bitcoin Core. Satoshi Nakamoto’s seminal software implementation for the Bitcoin network was a one-stop shop for early users: For the earliest adopters, it functioned as a full node, wallet and miner.
Ten years and a few moons later, the Bitcoin service industry is undergoing a technical renaissance. Today, applications and hardware abound that give bitcoiners a greater degree of flexibility over how they manage their coins than ever before. From mixing services to plug-and-play nodes, hardware wallets to browser extensions, these tools have made Bitcoin more private, safer and easier to use, expanding its use cases along the way.
Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.S. Federal Reserve and the Reserve Bank of India are in the midst of discussing slashing interest rates as well. What is more frightening is the fact that smaller financial institutions are also offering negative interest rates to consumers in a predatory fashion.
NetherRealm Studios’ Mortal Kombat 11 has been one of the most anticipated games of the Spring and, to celebrate its release, GameSpot has compiled all of the fatality finishing moves for each character. The game looks simply fantastic on the surface and early reviews indicate that Mortal Kombat 11’s new story mode is likely to be […]
The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technology’s key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy.
On March 8, London-based exchange Voltaire announced a new incentive for registered traders that provides the ability to earn BCH during each trade executed on the platform. According to Voltaire, which bases all of its exchange paired denominations in BCH, users will earn 0.2 percent of each trade and will be paid in bitcoin cash.
Netflix shares have formed an impressive start to 2019, rising in every trading session so far. Granted, that’s only a handful of sessions. But, given the volatility of FAANG shares and the wider stock market, Netflix appears to be on a winning streak. Netflix shares are up nearly 6% today and had risen to $ 315 … Continued
The post Netflix Shares Have Risen Every Session of 2019 – 35% up and on a Winning Streak appeared first on CCN
The cryptocurrency market is not the only financial asset that has suffered losses and recorded a consistent decline as the year winds to an end. In fact, every major asset class for investment has recorded negative returns or an unchanged performance year. This is the conclusion of a CNBC report summarizing the performance of markets in 2018.
The post Not Just Crypto and Bitcoin: Every Major Asset Class Had a Major Fallback in 2018 appeared first on CCN
Although it has been a sketchy year for crypto in terms of price fluctuations, the number of cryptocurrency ATM machines in the world has doubled in 2018 to over 4,000. Crypto prices might be up and down quicker than a manic depressive, but wider adoption gets closer and closer. The figures come from data published
The post Six New Cryptocurrency ATM Machines Installed Every Day in 2018 appeared first on CCN
The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer.
For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts? What better way to say “we’re in it for the long haul” than with a hardware wallet? Or “I’ve got your back — literally” than with a bitcoin t-shirt?
According to the Massachusetts Institute of Technology (MIT) Technology Review, two researchers at the prestigious Imperial College London have utilized artificial intelligence (AI) and machine learning to analyze hundreds of crypto pump-and-dump schemes to figure out a way to spot them before they occur. Since the 2017 bull market of cryptocurrencies, pump-and-dump schemes in the
The post MIT: Crypto Pump-and-Dumps See $ 7 Million in Volume Every Day appeared first on CCN
Earlier this year, in February, Tom Lee — co-founder of Fundstrat Global Advisors, the first Wall Street strategy firm to embrace bitcoin — opined that the crypto market had turned a corner and would see new highs in July. Nine months and several year-end price target reductions later, cryptocurrency assets remain firmly in the red. … Continued
The post Nearly Every Major Cryptocurrency is Down at Least 90% from All-Time High appeared first on CCN
Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $ 41 million for Q3 2018, bringing the total losses for the year so far to $ 136 million. Bloomberg reports that the Q3 loss was driven by net realised and unrealised losses on digital assets, chiefly caused by losing positions
The post Crypto Firm Galaxy Digital is Losing an Average of $ 15 Million every Month appeared first on CCN
Paradigm, a decentralized relay protocol for smart contract-based liquidity management, announced that it has closed a $ 1 million seed round led by PolyChain Capital to develop its Relay Protocol, a decentralized order book connecting every crypto exchange. Paradigm Raises Seed Round Led by Polychain Capital for Relay Protocolhttps://t.co/uu0NIXK2n6 — Paradigm (@paradigmfdn) October 16, 2018 According […]
The European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations
The post EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push appeared first on CCN
This rather long meme, which has been circulating lately, makes fun of the views of Bitcoin supporters by listing commonly made statements and contrasting them with contradicting statements or developments.
This was obviously intended for humorous purposes, and as such, I should probably not take it too seriously.
But as the titular proverb goes, there is a grain of truth in every joke, and the existence of this image sheds light on what some people think. I found here an instructive opportunity to dissect the arguments and share my thoughts on them.
On today’s episode of The Cryptoverse market round up we see that almost everything in the top 30 is down except for just a few coins like EOS and Stratus. In the chart reading segment we see flat price movement from Bitcoin and Ethereum while LiteCoin struggles to stay above .
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