Dan Morehead, the CEO of bitcoin investment firm Pantera Capital, says everyone needs to chill out about the current Crypto Winter. Morehead reminded the myopic industry that the crypto space had weathered similar bear markets before, and this one actually bodes well for the future of bitcoin and blockchain. ‘Underlying Fundamentals Are Much Stronger’ “This is actually our second Crypto Winter,” Morehead said on Laura Shin’s podcast Unconfirmed (audio below). “There was one in 2014 to 2015. In the previous one, I had more of a worry in the pit of my stomach about whether blockchain was actually going to work.
Here’s How Much Nvidia Actually Made from Crypto Mining Sales
According to a report by Markets Insider, Nvidia generated $ 1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $ 602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. “We think NVDA generated $ 1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $ 602 million over the same time period,” Steves said. Did Crypto Cause Nvidia to Underperform? In the third quarter of 2018, Nvidia chief financial officer Colette Kress told investors to not expect any
Dow Stomps to 435 Point Gain, Here’s What Drove Wednesday’s Monster Rally
The Dow Jones Industrial average barreled above 25,000 for the first time in two months Wednesday, posting a 435 point gain in a massive one day rally, and charting a market breakout attempt against major resistance. Dow Barrels Past 25,000 The rally follows a Tuesday of mixed results in U.S. equities markets with the NASDAQ and S&P 500 in the red for the day (by troubling 0.81 percent and 0.15 percent declines, respectively) and the Dow only barely in the green with a 51-point (or 0.21 percent) gain. There was a general updraft in U.S. equities with the S&P 500
Bitcoin Ransom: Here’s How Much the 9/11 Papers Hacker Group Has Raised so Far
Even with the declining price of Bitcoin, the “9/11 papers hacker group” has received a significant sum of the flagship cryptocurrency. At current prices, their address has received more than $ 42,000. In case you missed it, the hackers claim to have acquired a treasure trove of damning documents. Documents related to the most notable foreign terrorist attack on US soil ever (those of September 11, 2001, for our younger and non-US readers) are only one part of the library. 9/11 Papers Hacker Group is Financially Motivated The hackers first requested that insurance companies and others they claim are incriminated in
Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable
In the last 24 hours, the Bitcoin price has dropped from $ 3,505 to $ 3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $ 10 billion in a three-day span. Major crypto assets such as Bitcoin Cash (BCH) and EOS (EOS) recorded large losses throughout the past week and was surpassed by Tether (USDT) in market valuation. Dropping Below $ 3,000 is a Possibility For Bitcoin Throughout the past three months, despite recording intense sell-offs at times, Bitcoin has defended the $ 3,000 support level
Op-Ed: Ex-Starbucks CEO Howard Schultz Might Run for President, Here’s Why That’s Great for America
The Atlantic reported Sunday that former Starbuck’s CEO Howard Schultz is giving serious consideration to a presidential run in 2020 as an independent candidate. The revelation was made in a recently recorded 60 Minutes interview, The Atlantic said, in a report with a blistering editorial for a headline: “Ex–Starbucks CEO Could Get Trump Re-elected.” Howard
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Here’s What Morgan Stanley CEO James Gorman Says is the ‘Obvious Solution’ to the US Government Shutdown
By CCN.com: Morgan Stanley CEO James Gorman has expressed fears that the partial U.S. government shutdown could hurt the economy greatly if it drags on. Gorman was speaking in Davos, Switzerland at the World Economic Forum as the shutdown enters its 34th day. In an interview with the CNBC (video below), Gorman empathized with the 800,000
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PwC Thinks India will Outperform the U.K.’s Economy: Here’s what the ‘Big Four’ Firm and the ‘GDP’ Indicator get Wrong
By CCN.com: A publication by accounting firm PwC has placed India on track for a 7.6 percent growth in 2019, setting a path for the country to surpass both the U.K. and France in terms of economy. But ask any economist, and they would point towards why the coveted Gross Domestic Product (GDP) – which
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Ethereum Hard Fork Rescheduled: Here’s When Constantinople Will Finally Launch
As CCN previously reported, the aborted Constantinople network upgrade has created several problems for Ethereum. One of these problems is a significant group of miners continuing to mine as if the hard fork had actually taken place. Another problem is how to proceed with the upgrade intended to produce lower transaction fees, among other improvements.
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Here’s Why Waves (WAVES) Is up Over 165% Since November
Waves (WAVES), a blockchain platform centered around a multi-currency wallet that features a decentralized exchange (DEX), has been on a major run since late-November, on the back of a series of significant announcements. On November 25, WAVES bottomed out at $ 0.96 and has since surged over 165% to $ 2.57, bringing the altcoin to a $ 257 million […]
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Here’s How Maker (MKR) Plans to Become the First Killer Dapp
MakerDAO (MKR), the creator of stablecoin Dai (DAI), has big plans for its Ethereum-based decentralized platform once the Multi-Collateral Dai upgrade goes live this year. If @MakerDAO works it will export the best parts of the US financial system by turning them into uncensorable digital tokens that anyone can buy. The dollar-pegged DAIA S&P 500 Index trackerA savings account […]
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Here’s Why Chainlink (LINK) Is up Over 66% in the Past Month
Chainlink (LINK), a decentralized oracle network, has gained significant momentum over the past month as investors continue to make bullish bets on the altcoin’s future. Since December 10, LINK’s price has surged more than 66%, making it one of the top performing cryptocurrencies over the period. Chainlink’s price first took off in December after a series of […]
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Here’s What You Need to Know About League of Legends Patch 9.1
Riot Games released the full details of patch 9.1, for League of Legends on Wednesday, highlighting multiple adjustments to champions, jungle items and abilities, as well as other general bugfixes. Patch 9.1Full notes 👉 https://t.co/aonZXGUYvB pic.twitter.com/jNn1tuaGS9 — League of Legends (@LeagueOfLegends) January 9, 2019 The most notable changes in the first patch of 2019 are to champions like Kalista, […]
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From Bitcoin to Brexit, Here’s What Investors Need to Watch for in 2019
Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future? Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other
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Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec
Bitcoin tanked in 2018, but the future of cryptocurrencies remains bright because you can’t stop progress. That’s the assessment of Travis Scher, a vice president at crypto investment firm Digital Currency Group. “2019 will be volatile, entertaining, and full of surprises,” Scher wrote in a Medium post. “But I am confident that the stress caused by the 2018 crash
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Here’s Why FED Gives Markets Green Light, Further Rate Hikes Unlikely
Renowned economist, author of the “Death of Money,” Jim Rickards says the markets just “got the cue” they need. The U.S Federal Reserve (FED) is now unlikely to raise interest rates again without significant warning. That’s a green light for the stock markets and indeed the cryptocurrency market. Powell's use of "patient" on Friday was
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Here’s What’s Coming to the Xbox Game Pass in January
Microsoft (MSFT) is starting off the year with a fresh batch of new games available on Xbox Game Pass, the subscription service that grants users access to a catalog of games from a range of publishers for a single monthly price. Start off the new year right with a fresh pocketful of dreams and a hard […]
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Litecoin Price Leaps 11% — Here’s What’s Fueling the LTC Rally
Litecoin on Saturday surged more than 11 percent against the US dollar, setting a fresh 2019 peak. The litecoin-to-dollar rate established an intraday high at $ 37.539 on a bounce from near-term ascending trendline support. The “digital silver” cryptocurrency since December 27 was consolidating inside a strict range much like its peers across the crypto-board. The
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Here’s How Ninja Earned $10 Million Streaming Fortnite in 2018
The exciting year in gaming wrapped up with a 12-hour NYE Fortnite live stream hosted by Tyler “Ninja” Blevins that featured numerous guest appearances and a failed attempt to convince New York City to floss. Statistically speaking new years on twitch has 30% less viewers than normal. We didnt break a peak viewer record yesterday… but […]
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Here’s Why Bitfinex Will Be Offline for up to 7 Hours on January 7
Bitfinex, one of the top crypto exchanges, announced Saturday that it will be offline for up to seven hours on January 7, as part of a scheduled data migration to its new dedicated bare-metal servers. On Monday 7th January 2019, Bitfinex will be offline between three to seven hours as we complete the final stage of […]
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