By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that person’s beliefs about other people’s psychology. Bitcoin traders are thus
By CCN Markets: After Elon Musk announced that he was cracking the whip on Tesla employees to hit unrealistic quarterly delivery targets, a document leak suggests that target will not be met, according to Business Insider. This comes as a surprise to nobody. Overpromising and Under-Delivering, as Usual After boasting that Tesla would deliver 90,000 cars in the quarter, Elon Musk has backed himself into a corner. The master of overpromising and under-delivering can’t shut up. Business Insider reports that, according to documents it has viewed, things are looking bad: “According to documents that describe the daily output rate for
On Wednesday, May 15, the Bitcoin Cash (BCH) network will be upgraded to incorporate the highly anticipated Schnorr signature algorithm, a digital signature scheme widely known for its simplicity.
Uber (UBER) is preparing to go public on the New York Stock Exchange on Friday at a price of $ 45 a share, giving the rideshare giant a $ 75.5 billion valuation. Investors hoping to get in on the action using Bitcoin (BTC) can do so on WCX, a crypto trading platform that allows users to trade […]
The Winklevoss twins want to play a game. In a recent tweet, Tyler Winklevoss announced a new week-long competition where he will be giving away a bitcoin (BTC) for pictures of the ‘Gemini Crypto Bus,’ a city bus that bears a Gemini advertisement. Start date: Today.End date: Next Saturday (05/11/19) 4pm ET.Nota bene: Trolleys and […]
Today, May 2, 2019, marks the official release of Bitcoin Core 0.18.0, the 18th generation of Bitcoin’s original software client launched by Satoshi Nakomoto almost 10 years ago, and still the dominant Bitcoin implementation on the network today. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed over a span of about six months, by over a hundred contributors.
Bitcoin Core 0.18.0 includes the typical range of performance improvements and bug fixes, as well as some new features.
Here’s an overview of some of the most significant changes.
The highly-anticipated first gameplay footage of Borderlands 3 is now available to the general public thanks to a YouTube live stream from earlier today. The third Borderlands title forgoes the industry push toward battle royale in favor of the franchise’s tried and true 4-player online multiplayer and split screen. In contrast to past games, Borderlands […]
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $ 850 million.
What does the news mean for Bitfinex, Tether and Bitcoin?
Forbes has officially released its first list of billion-dollar companies using blockchain technology and the results reveal some interesting trends. Dubbed the “Forbes Blockchain 50,” the list includes some of the largest companies currently leveraging blockchain technology, in addition to a number of companies that may have flown under the radar for anyone but crypto-enthusiasts. […]
Bibox Token (BIX), the exchange token associated with the Bibox exchange, has taken off in March as improving market conditions and continued Bibox development have investors feeling bullish. Over the period, BIX has risen from $ 0.159 to over $ 0.48 — an increase of roughly 201%. This rise has brought BIX to a market cap of […]
Every so often, the mainstream tech and investing media pick up on a new project or platform within the blockchain industry. This is precisely the case when it comes to Cosmos (ATOM), a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms… You must be a subscriber to continue reading Members can login […]
QASH (QASH), the cryptocurrency associated with Liquid, a trading platform that bridges fiat and crypto, has been one of the best-performing cryptocurrencies over the last 24 hours. According to data from the AltDex 100 Index, QASH has surged more than 24.6% on the back of a major announcement from Liquid. AltDex top-10 gainers (AltDex) You […]
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.
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
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
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
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
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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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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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