By CCN Markets: Console wars return for season five! Who will win the bloody free-for-all this year? The team that sucks less, of course. The main points for each team have been listed below, but they are operating with thin margins to bring their visions to fruition. A comparable gaming PC is projected to be much, much more expensive when compared to the expected launch prices of the PS5 and Microsoft’s Xbox ‘Project Scarlett’. PS5—The Unnamed Project With an unconfirmed potential release date slated for “early 2020” and a generally expected launch price around $ 500, the PS5 is set to clip
According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around.
Grayscale Investments, a digital asset management firm founded by Digital Currency Group, announced Friday that it has completed its quarterly review to update the weightings of its Digital Large Cap Fund (DLC). 3/ Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from […]
Russian cybersecurity expert Eugene Kaspersky has said cryptocurrencies can be a success, but only if governments stop trying to control them or alternatively when all countries unite under a single global government. However, the billionaire does not believe Bitcoin will replace the existing financial system despite the currency’s “great” qualities.
‘Government of the Earth’
Speaking to the Dubai-based magazine Arabian Business, Kaspersky opined that cryptocurrencies are ahead of their time. “Cryptocurrencies are a great idea, but the world is not ready for them yet,” said Kaspersky, chief executive officer of IT security company Kaspersky Labs.
Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions.
Most Instances Involve Banks and Credit Card Companies
The number of cases of suspected money laundering linked to cryptocurrencies reported in Japan surpassed 7,000 last year, the Japan Times reported, quoting the National Police Agency. The figure represents a 10-fold increase in comparison with the 669 cases registered between April and December of 2017, when crypto exchange operators were obliged to report suspicious transactions that may be linked to the movement of illicit funds.
Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $ 15 billion in fiat value in just one hour.
Cryptocurrency Markets Gain Billions in One Hour
Earlier today, news.Bitcoin.com reported on a slew of leading digital currency markets breaking the descending trendline since December 2017’s all-time high (ATH). Not too long after our markets update, the bearish price trend for most cryptocurrencies has started to show signs of reversing. At the moment the entire digital asset economy is worth roughly $ 120.5 billion and global trade volumes have spiked to $ 20 billion+ worth of 24-hour trades.
According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem
Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in
The post There’s Less than $ 100k at Stake on Ethereum Gambling DApp Augur appeared first on CCN
In the last 4 hours, $ 9 billion were wiped out of the crypto market as Ethereum and Bitcoin Cash recorded a 14 percent drop respectively against the U.S. dollar. The Bitcoin price dropped to $ 3,750, back to last week’s levels following a promising corrective rally on January 6 when BTC increased from $ 3,753 to $ 4,090.
The post What Caused Ethereum, Bitcoin Cash to Plunge 15% in Less Than 4 Hours? appeared first on CCN
Rapper Soulja Boy made headlines and raised eyebrows earlier this month after he released his own line of video game consoles that closely resembled platforms built by Nintendo and PlayStation in the past, complete with licensed games. According to a report by Variety, “The SouljaGame console and SouljaGame handheld were available for a base price of $ 200. The console […]
In a development that it’s fair to say few saw coming, bitcoin sv — the cryptocurrency introduced through last month’s Bitcoin Cash hard fork — is now worth more than the bitcoin cash token itself. CCN reported yesterday that a “flippening” between the two cryptocurrencies appeared to be inbound, as the BSV price steadily gained
The post Flippening: Bitcoin Cash Now Worth Less Craig Wright-Backed Bitcoin SV appeared first on CCN
Emmett Shear, the CEO of Amazon-owned (AMZN) streaming giant Twitch, believes there are fundamental differences between active users on his platform and active users on other social media platforms like Facebook and Twitter. Shear believes that the difference between checking Facebook (FB) constantly and watching Twitch is like the difference between doing drugs and sleeping. […]
Barely five months after Zeniex was launched, the South Korean cryptocurrency exchange is closing shop. The exchange, which was unveiled in May, has disclosed that it will cease all operations on November 23. Zeniex blamed the development on the problems facing its ZXG token. “… with recent issues regarding ZXG, we have gone through great
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Ripple (XRP) has been in a correction for as long as the rest of the market. However, the sentiment towards Ripple (XRP) has remained a lot different than that that towards most cryptocurrencies. This optimism towards Ripple (XRP) stems from the promise of XRP eventually replacing fiat currencies. Given the low cost and high speed of XRP transactions, it is easy to see why most Ripple (XRP) investors strongly believe in this promise. Most of the time, we see that markets do not care about sentiment. It is also true in the case of Ripple (XRP) and as we can see the price declined all the way $ 3.2 against the wishes of most investors. However, there are still strong signs of an unwavering belief in Ripple (XRP) even during the bear trend.
In what is a rare, time-sensitive window, bitcoin’s volatility since September 14, 2018 has been less than that of the most popular indexes from traditional finance sectors.
Bitcoin seems to have found a temporary bottom relative to its incredible bull run that saw bitcoin’s price increase more than 1,200% in 2017 alone. 2018, however, has seen a reversal in fortune, as bitcoin started the year in the red and is down over 60% to date.
Bitcoin has been married to volatility ever since the digital currency’s inception in 2009, as bubble-like runs have occurred several times in its nearly 10-year life span.
Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017,
The post 86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price appeared first on CCN
You might not know it by scrolling through your feed, but Crypto Twitter (CT) members are actually less convinced than institutional investors that Bitcoin (BTC) has bottomed out. According to a recent survey by Fundstrat, the market research firm led by notable Bitcoin bull Tom Lee, 54% of institutions believe BTC has bottomed while only 44% […]
More than two-thirds of small-cap cryptocurrency tokens distributed through initial coin offerings (ICOs) are currently worth less than the startups that issued them raised through their crowdfunding sales, a newly-published report has found. Small-Cap ICO Tokens are Hemorrhaging Value According to the report, which was compiled by cryptocurrency research firm Diar, the 562 ICO tokens
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Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth.
Central Banks Have Crashed Economies Through Reckless Money Printing
Central banks have come under fire for aiding struggling economies to crash through reckless money creation, thereby fueling inflation. Prominent economist and currency expert Steve Hanke, who played a key role in establishing new currency in Argentina, Estonia, Bulgaria and Ecuador, says the world needs fewer state banks to prevent economic and cash crises.