Yesterday, much like any other day, I received dozens of press releases from blockchain companies and crypto public relations firms, the bulk of which were anything but newsworthy. However, given my personal interest in hunting and shooting sports, one immediately piqued my interest: GunBroker will start accepting cryptocurrency payments. Major Firearms Marketplace Embraces Cryptocurrency GunBroker, for non-shooting sports aficionados, is one of the most popular online platforms for third-party firearm sales. Using the platform, buyers and sellers throughout the United States can easily execute gun transactions across state lines. Every transfer must go through a Federal Firearms License (FFL) holder,
By CCN.com: A report by JPMorgan suggests that for over four weeks during the fourth quarter, bitcoin’s market price was lower than its mining costs on average. According to the JPMorgan analysts, the cost of mining bitcoin during Q4 was averaging about $ 4,060 around the world, Bloomberg reports. According to them, starting late November when the
The post JPMorgan Takes Another Shot at Bitcoin, Claims Mining Isn’t Worth the Value of the Cryptocurrency appeared first on CCN
The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $ 88 billion in the past year. Unsurprisingly this segment also known as
The post Freemium Isn’t Free! Free Mobile Games Generated a Whopping $ 61 Billion in 2018 appeared first on CCN
The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. Over the past week, several analysts including Morgan Stanley
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Atlus dropped the first teaser for Persona 5 R — ostensibly a new version of the critically-acclaimed Persona 5 — on Sunday but the details provided in the 30-second trailer leave much to be desired. Instead of revealing anything related to gameplay or storyline, the new teaser seems to simply be an announcement of an upcoming announcement, with more information […]
Sky News, a British TV station and mainstream media outlet, reported that investors lost homes as the Bitcoin price crashed. But, the same argument can be applied to the stock market, real estate, and every other major market. The report claimed that investors put up their homes as collateral to receive loans and invest in
The post Reports Claim Investors Lost Homes as Bitcoin Crashed, Isn’t the Stock Market the Same? appeared first on CCN
Leonardo Real, the chief compliance officer of Tether LLC, believes an organized campaign established by many publications is targeting crypto token Tether (USDT) and its partner banks. In an interview with Cryptonews, the Tether executive reaffirmed that its stablecoin known as USDT is fully backed by the US dollar, citing the attestation reports released by
The post Tether Exec Refutes Bloomberg, Reassures Investors Crypto Isn’t Manipulated appeared first on CCN
Just before one of the most important elections of our time, we can see where misinformation can get you. There is a fear for what is to come and what could change in Congress. During this time it’s wise to keep an ear open to examining what could be changing in the coming weeks.
Brian Forde – who recently ran for US Congress in California’s 45th district and was the founding director of the Digital Currency Initiative at MIT – recently wrote an article for CoinDesk, regarding campaign contributors being made with cryptocurrency and how many of these published news stories have been wrong.
Blockchain testing and research company Whiteblock Inc. has released a damning verdict on EOS, describing it as a “distributed homogeneous database” masquerading as a blockchain. In a report titled “EOS: An Architectural, Performance and Economic Analysis,” the company dissects several aspects of the EOS protocol and comes to the conclusion that it suffers from a
The post Interview: Researcher Argues EOS isn’t a Blockchain — Just a Distributed Database appeared first on CCN
Vitalik Buterin, the co-creator of Ethereum, has denied reports that he is stepping back from Ethereum development. On November 1, MIT Technology Review released an article entitled “Ethereum founder Vitalik Buterin says his creation can’t succeed unless he takes a step back,” which claimed that Ethereum cannot succeed and achieve true decentralization if it depends
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Yesterday, various news websites including The Next Web reported that Elon Musk’s Boring Company was accepting bitcoin as a form of payment for its famous flamethrowers. However, it has now been revealed — also by TNW — that it is a fake website created by a scammer and that the real Boring Company is not accepting cryptocurrency.
The post Fake News: Elon Musk’s Flamethrower Company isn’t Accepting Bitcoin appeared first on CCN
Despite a flurry of media attention surrounding the project, Civil, an Ethereum-based platform aiming to save journalism, can’t seem to get enough buyers for its token.
The project released a transparency report showing the figures behind its CVL token sale, which ends at 11:59 p.m. EST on Monday, October 15, 2018, and the numbers do not look good.
“This isn’t how we saw this going,” Civil founder Matthew Iles wrote on October 10. “We don’t know if it will work.”
Google has finally betrayed its true feelings on cryptocurrency. Well, maybe not, but a tongue-in-cheek advertisement for the search giant does take a few potshots at the nascent asset class. During the ad, which promotes Google’s new Call Screen service, one character, Abby, remarks that the other’s electricity bill is “super high.” That character, Teddy,
The post Cryptocurrency isn’t Real Money: Tongue-in-Cheek Google Ad appeared first on CCN
The hack of Japan-licensed cryptocurrency exchange Zaif took the crypto community by surprise last week. It’s recently emerged that the perpetrators of the crime are trading the stolen wealth on Binance and other exchanges.
Japan’s Financial Watchdog Slams Three Business Improvement Orders
The event couldn’t pass unnoticed, especially because the exchange had reportedly warned about its vulnerabilities in advance following the Japanese financial authorities’ (the FSA) verifications.
In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.
ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $ 6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $ 16.3 million in 2018 to $ 144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift.
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The post The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea appeared first on CCN
On Wednesday, Bitcoin experienced another sudden price drop. As usual, it was the cue for “nocoiners” to parrot their tired rhetoric.
Bitcoin Isn’t BS
Writing for the Entrepreneur, Richard Van Staten, the CEO of a company called “Quantum Solutions,” referred to Bitcoin 00 as the “swindle of the century,” and said the cryptocurrency was “BS.” A strong argument could be made that the housing bubble of 2008 is the swindle of the century. For now, the focus will remain on the cryptocurrency market alone.
Bitcoin (BTC) is an uptrend as the price seems to have entered a new ascending channel that can be seen on the 4H chart for BTC/USD above. This channel has held so far since the last few weeks of August and can be seen as the gateway to a trend reversal. However, the price seems to have lost the bullish momentum that kicked in soon as Bitcoin (BTC) closed last month above 21 EMA on the monthly time frame.
Over the past few months, the movement of Tether tokens (USDT) has been accused of being able to manipulate the price of Bitcoin. It’s a complicated concept, but many believe that using Tether to back FIAT currencies is having an impact on the price of Bitcoin. This is alleged to be happening in waves, as those that maintain Tether produce new tokens in order to keep up with the flow of it’s FIAT connections.
This idea materialised a couple of months ago, when a research paper from the University of Texas was published which refers to the timings of Tether movements and changes in the price of Bitcoin.
Financial discrimination shows just how precarious Americans’ rights are in practice. Cryptocurrency is the solution — if an imperfect one at present.