By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day. The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which
Binance, the world’s largest crypto exchange, allegedly suffered a coordinated hacking event on Tuesday night that resulted in 7,000 bitcoin (BTC) being stolen from the platform’s hot wallet. Binance Security Breach Updatehttps://t.co/KY2J3jWpmn pic.twitter.com/JZtMsbI9fS — Binance (@binance) May 7, 2019 According to a recent update by Binance CEO Changpeng “CZ” Zhao, on May 7 at 17:15:24 […]
According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $ 80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his position at the bank. Lours
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The giant Norwegian “Oil Fund,” or Government Pension Fund Global, has over $ 1 trillion in assets and one of its largest single investments is in tech-behemoth Apple. The fund is the largest sovereign wealth fund in the world and consists of two wealth funds operated by the Norwegian government, the first was formed in 1967.
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The Bitcoin price has spent the first day of this weekend struggling to get through the $ 4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $ 300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more
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Luís Augusto Schiavon Ramos, known as Guto Schiavon, the founder of one of Brazil’s largest bitcoin exchanges, was killed in a car accident in Sao Paulo.
A report by local Brazilian news outlet revealed that the accident happened after Schiavon lost control of his vehicle in the rain, before hitting a cargo truck.
Prior to his death, Schiavon was the founder of Foxbit, one of the largest cryptocurrency exchanges in Brazil.
Bitcoin Price Recovery Alongside Network Changes The Bitcoin price came back from the brink this week, reaching nearly $ 4,000 by Sunday. Analysts were at times throughout the week worried that it would lose support around $ 3,400 and then drop beneath $ 3,000, but this hasn’t happened. At the same time, however, two important Bitcoin network metrics
Over the past 48 hours, the Bitcoin price has stabilized at around $ 3,400 after dropping to a new yearly low at $ 3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $ 3,210 to $ 3,400 but the cryptocurrency market has lost $ 14 billion of its valuation against the U.S. dollar mostly
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Overnight, the crypto market has lost about $ 16 billion of its valuation as it dropped from $ 123 billion to $ 107 billion. For the first time since May 2017, the Ethereum price has fallen to the $ 80 region, deleting all of the gains recorded throughout the bull market of late last year. The Bitcoin Cash price … Continued
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Within a 48-hour span, since December 5, the Bitcoin price has dropped from $ 3,913 to $ 3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and Stellar (XLM) have declined by more than 10 percent in the past two days. The Ethereum price has dropped from $ 112 to $ 101 while the Stellar price
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The cryptocurrency market has lost more than $ 12 billion from its valuation in the past 24 hours, as the Bitcoin price fell under the $ 4,000 mark. Major cryptocurrencies including Stellar (XLM) and Bitcoin Cash (BCH) lost around 6 percent in value on average, demonstrating a lack of momentum and trading activity. Bloodbath On December 2, … Continued
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In the last 24 hours, more than $ 6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $ 4,500 to $ 4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around
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Over the last 24 hours, the crypto market suffered a devastating wipeout of more than $ 26 billion, making it one of the most intense daily sell-offs in all of 2018. Bitcoin (BTC), which demonstrated a record high level of stability from August to November, recorded a drop of more than 11 percent within a 12-hour
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Bitmain co-founder Jihan Wu has reportedly been ousted from his seat on the company’s board of directors, stripping him of his influence over corporate decisions at the mining firm. According to a recent report by Chinese media outlet Sanyan Blockchain, Wu’s demotion is part of a larger board restructuring that comes three months after Bitmain priced its […]
If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume than
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Bitcoin price surged 9 percent within hours as Tether started losing its grip on the USD-peg. The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started picking momentum during the early Asian trading session and jumped to as high as 7800-fiat from
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A woman suing for 62,500 Canadian dollars ($ 48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.
‘Unfortunate Victim of Sophisticated Fraud’
“It’s most unfortunate that she was victim of such a sophisticated fraud,” judge Orr is quoted as saying, when she handed down her decision. However, she added that “It’s up to the bitcoin purchaser to know what they’re doing.”
After several weeks of successfully maintaining a relatively stable value, it seems the Dogecoin fairy tale is coming to an end once again. Similar to all other altcoins, DOGE is getting battered and then some. Even though the currency is still trying to cling to the $ 0.005 level, it seems that will not hold for much longer.
Dogecoin Price Run is Over
It has been coming for some time now, but Dogecoin‘s value seems to be returning to far more normal levels. After successfully hitting a market cap of roughly $ 700m a few weeks ago, the value has now dropped to $ 584m and even lower. This is all part of the ongoing bearish trend affecting all cryptocurrencies as of today.
Subsequent to the release of a major partnership with $ 80 billion banking giant Banco Santander, the price of Ripple (XRP) has declined by more than 8 percent. In the past 24 hours, the valuation of the cryptocurrency market dropped by around $ 9 billion, as Bitcoin dropped below the $ 6,500 mark for the first time in
The post Ripple (XRP) Price Declines 8% While the Crypto Market Loses $ 9 Billion appeared first on CCN
This upcoming weekend may not be all that beneficial to most cryptocurrency markets. Well-sized losses are being recorded across the board, indicating a lot of bearish momentum is forming. The Electroneum price is a good example of how the positive momentum has come to an end in rather spectacular fashion.
Electroneum Price dip is Very Steep
No one is totally surprised to see Electroneum going down significantly. After a week full of gains, the project rose over 100% in value in just a few days. As such, there would be an eventual correction, and it seems that trend has begun kicking in right away. This has resulted in a lot of negative price pressure which may not necessarily relent anytime soon.