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As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra […]
The post Fund Manager: US Might Have Already Lost Crypto Innovation Race appeared first on CCN Markets
What’s worse than getting cancer, or getting hit by a car, or finding out your child ran away? You guessed it right! Getting divorced without signing a prenup. Let’s watch William’s analysis of an epidemic hitting the upper class. Make sure to subscribe CCNMarkets on Youtube: https://bit.ly/2Kvn6xn
The post MacKenzie Bezos Might Become One of the Richest Women appeared first on CCN Markets
By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $ 115 billion in AUM, told Fox Business that there’s a chance the president could change his mind. “If the economy goes into recession, and he can’t pull it out by removing the tariffs, there’s very little for him to run on.” Dropping Out Is Not Unheard Of While dropping out of a presidential
We are all Satoshi Nakamoto, but some of us are more Satoshi than others. The following 10 characters have all been flagged as Bitcoin’s elusive creator on account of similarities with the digital man of mystery. Whether one of these characters is Satoshi himself is a matter for you to decide.
Also read: Facebook Globalcoin: Killer or Multiplier?
Pros: The Finnish professor is one of the first people to be suggested as Satoshi, in a 2011 New Yorker article. Due to the lack of fevered speculation at the time, which has tainted subsequent attempts to uncover Satoshi, Vili Lehdonvirta’s dox feels purer than the rest. That doesn’t make it any more correct though.
When Satoshi Nakamoto created bitcoin, a message in the cryptocurrency’s Genesis block made clear that it was a direct response to banking industry mismanagement and the financial and political structures that continued to enable it. Just one decade later, US President Donald Trump might tap a cautious crypto optimist to lead the World Bank. Trump Considering El-Erian for World Bank President According to Bloomberg, Mohamed El-Erian is one of several candidates that Trump has shortlisted for the job of World Bank president. The 60-year-old El-Erian currently serves as chief economic adviser at Allianz, where his views on bitcoin have
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
The post Op-Ed: Ex-Starbucks CEO Howard Schultz Might Run for President, Here’s Why That’s Great for America appeared first on CCN
Late last night on Twitter, the official Ethereum Classic team noted that possible chain reorganization and double spend attacks are ongoing. They subsequently asked crypto exchanges and ETC mining pools to require as many as 400 confirmations for withdrawals and deposits. There have been rumors of a possible chain reorganization or double spend attack. From
The post Ethereum Classic Might Have Been Hit by a 51% Attack appeared first on CCN
The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures.
The post Japan’s Financial Watchdog Might Approve Cryptocurrency ETFs After Saying No to Futures appeared first on CCN
A contributor to the Lightning Network codebase who goes by the name ZmnSCPxj recently wrote a reasoned post to the Lightning Development mailing list detailing what he views as a limitation of the network, which is considered by many to represent the future of Bitcoin scaling and adoption. The identity of ZmnSCPxj is not known.
The post Bitcoin: Developer Explains Why a Multi-Asset Lightning Network Might Not Work appeared first on CCN
Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet.
Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.org)? (This second theory is highly improbable as the listed address on the organization’s website reveals it has only ever received a total of 2.2 BTC.)
Several months ago, crypto exchange Gemini made waves when it announced that, with permission from the New York Department of Financial Services (NYDFS), it had created a USD-pegged cryptocurrency “stablecoin” that would provider traders and institutions with a “regulated” alternative to tether (USDT), which was frequently the subject of controversy despite having a multi-billion dollar
The post Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether appeared first on CCN
After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.
By all rights, it’s a complete reversal of fortune from the explosion of value the market enjoyed this time last year, and mainstream media has had a field day exploiting the irony of the peripeteia bitcoin’s price has suffered when we compare it to the investor euphoria of just a year ago.
Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table.
The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and trusted environment to build a transparent food chain, integrating farmers and producers, suppliers, processors, distributors, retailers, regulators and consumers,” according to a company release.
A tweet by a renowned American lawyer, Jake Chervinsky, the United States Securities and Exchange Commision decision on the rejected nine Bitcoin ETFs would not be made until December. Notably, the crypto trader, Ran NeuNer make false accusations on the 2nd November this year that the SEC would likely take a call on the Bitcoin ETFs by the 5th November.
You can see the tweets below here:
This is wrong. The November 5 deadline is for the *public* to submit statements to the SEC, *not* for the SEC to conclude its review of the rejected bitcoin ETFs.
Chart for XMR/USD (1W)
Monero (XMR) currently trades around $ 107 and is probably one of the safest bets in the market right now. The price has been following a three driver’s pattern, trading in a diverging bullish channel. It has currently reached the bottom of the channel and will likely return with bullish momentum for the long haul that could drive its price all the way to $ 500 or higher before the end of the year. Apart from the technicals, its fundamentals look great as well. Monero (XMR) transactions are currently cheaper than that of both Bitcoin (BTC) and Litecoin (LTC).
Ripple (XRP) is about to begin a new trend. The daily chart for XRP/USD shows that Ripple (XRP) has already broken out of the bullish gartley formation and is due for a breakout anytime now. RSI for the above chart shows that Ripple (XRP) has already broken its downtrend and is now waiting for the rest of the market to recover so it can resume its bull trend. This is not the first time a weak Bitcoin (BTC) has put a stop to Ripple (XRP)’s aggressive rally. It might seem as a negative development to most investors who have been waiting for a trend reversal since the beginning of the correction. However, if we look at the chart, we can see that Ripple (XRP) has now found a support higher up the ascending channel. This means that Ripple (XRP) is now likely to rise even higher during its next cycle.
Chart for BNB/BTC (1D)
Binance Coin (BNB) has attained a unique reputation as a Tether styled coin that continues to remain stable even as the market bleeds. This behavior on behalf of Binance Coin (BNB) was also observed during the past few minor corrections. The coin is down only 33% since its all time high, compared to 70% for Bitcoin (BTC) and 85% for Ripple (XRP). This shows that smart money believes in the long term prospects of the crypto markets, now more than ever. With the lack of confidence in Tether (USDT), Binance Coin (BNB) is all set to become the new favorite for parking money during bad times.
Three researchers with the Initiative for CryptoCurrencies and Contracts (IC3) are questioning whether, as some proponents claim, blockchain technology will be able to change the internet voting sector for the better. In an article published by Business Insider, the scholars argue that while blockchain technology might serve to revolutionize other industries, internet voting might be a
The post Blockchain Might Make Voting Worse — Not Better: Crypto Researchers appeared first on CCN
Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency has a market cap in the billions of dollars — is said to be holding its fiat reserves
The post Tether Found a New Bank, and it Might be in the Bahamas: Report appeared first on CCN
Stellar (XLM) has seen growing institutional interest over the past few months. A survey report by Fundstrat recently showed that institutional investors believe Stellar (XLM) to be a promising project. To the surprise of many, there was no mention of Ripple (XRP) though. This indicates that institutional investors prefer Stellar (XLM) over Ripple (XRP). However, the majority of retail investors still prefer Ripple (XRP) over Stellar (XLM) as Twitter polls show. That being said, we have seen that sentiment does not take long to change in this market.
Continue reading Stellar (XLM)’s Next Breakout Might Steal Ripple (XRP)’s Thunder at Crypto Daily™.
