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The stock market is booming this summer. June was one of the strongest months on record. And July is bringing more good cheer: The S&P 500 just topped 3,000 for the first time this week. Meanwhile, President Trump celebrated the Dow Jones index crossing 27,000 today: Dow just hit 27,000 for first time EVER! — […]
The post Stock Market Strategist: 'Fed Needs to Do Nothing' with Red Hot Economy appeared first on CCN Markets
The disgraced crypto CEO Mark Karpeles has a new book and a new mission: to secure bitcoin.
CoinDesk
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services.
These and many more such statements exist across the internet. All these statements are true. But, despite all the benefits that Bitcoin is expected to bring to African countries, adoption levels in Africa continue to be the lowest globally.
Which begs the question, “If Bitcoin is to help Africa catch up with the rest of the world, what is preventing Africans from adopting the cryptocurrency?”
In this edition of The Daily we feature two countries that want to promote their positions in the cryptocurrency and blockchain world. In the UAE a top banker has stated that keeping up with crypto is crucial to become an international financial hub and in Australia the government is investing in the local industry. Additionally, Coinbase Pro is set to implement changes to trading and fees.
Also Read: Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account
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.
Also read: Startup Company Sets Up Bitcoin ATM in Botswana
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.
The post [Guest Post] Why India Needs a Native Blockchain Protocol appeared first on CoinReport.
Apple is struggling in China, and many investors expected it. What wasn’t expected is the magnitude of which the technology conglomerate has been unsuccessful in winning over the Chinese market. The decline in iPhone sales in mainland China has also reportedly affected the suppliers of the firm, whose values declined following the open letter of Apple CEO Tim Cook in early January. Analysts believe Apple could revitalize its business in China and in Asia, but it will need a miracle and serious discussions on the pricing of the devices. What Apple’s Core Problems are and How They Can be Addressed
By CCN.com: Last week Netflix announced that it was raising subscription fees by between 13% and 18% for all its plans. While the absolute increase varied between $ 1 and $ 2, nearly a quarter of U.S. subscribers who took part in a Streaming Observer online survey indicated that this fee hike was enough to make them
The post Is the Netflix Price Hike Just What Disney’s Streaming Service Needs to Win Market Share? appeared first on CCN
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post The Decentralized Platform Claiming to Have Exactly What the Cryptocurrency Market Needs appeared first on CCN
Over the past 24 hours, the price of Bitcoin fell from $ 4,900 to $ 4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On fiat-to-crypto exchanges like Coinbase and Kraken, which demonstrate a more accurate representation of the Bitcoin price given the premium on the Tether-to-BTC pair, the price of BTC dropped below
The post Bitcoin Price Hits New Yearly Low at $ 4,280; Market Needs Quick Rebound appeared first on CCN
Former Commodity Futures Commission Chairman Gary Gensler, who helmed the organization from mid-2009 to early 2014, recently shared his opinions on cryptocurrency regulation in a Bloomberg interview. Need For Regulation Gensler was asked about the validity of blockchain technology, and the regulator-turned-blockchain-lecturer stated outright that it “has a real chance to be a catalyst for
The post Cryptocurrency Needs More Regulation than other Commodities: Fmr. CFTC Chair appeared first on CCN
Naeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets
The post Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate appeared first on CCN
Along with Bitcoin, blockchain is possibly one of the biggest buzzwords in the world today.
Supporters of blockchain claim that it will change everything from financial services to healthcare. Noting that its ability to function without a central authority and also being able to store data without being tampered with.
They also think it will be greatly beneficial for several industries beyond finance and healthcare but also technology, real estate and law too.
Continue reading What Blockchain Needs Before It Becomes Mainstream at Crypto Daily™.
The chief executive of cryptocurrency-funded web browser Brave has penned a letter to the U.S. Senate calling for legislators to adopt data privacy regulations comparable to those recently implemented in Europe. Brave CEO Calls for a U.S. GDPR Writing in the letter dated Sept. 28 and addressed to the U.S. Senate Committee on Commerce, Science,
The post Brave CEO Tells Senate that U.S. Needs GDPR-Style Data Privacy Rules appeared first on CCN
In an exclusive interview with CCN, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. Sheffield Clark, whose company — Coinsource — recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a
The post Bitcoin ATM CEO: Cryptocurrency Needs Regulation to Survive appeared first on CCN
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.
Also read: Ex-Liberia Central Bank Chief Under Probe For Missing $ 104M, State Seeks FBI Help
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.
Lawmakers in the United Kingdom have displayed interest in taming the “Wild West” cryptocurrency market to protect citizens and encourage industry growth in the country. A report released by the Treasury Committee Wednesday called for the government to address issues regarding poor security generated from price swings, hackers and anonymity, which may contribute to rising […]
SludgeFeed
At World AI Conference 2018, Jack Ma, the co-founder and chairman of $ 414 billion e-commerce conglomerate Alibaba, stated that artificial intelligence (AI), blockchain, and Internet of Things (IoT) can all become meaningless if they fail to target the manufacturing industry. “AI, Blockchain and IoT will be meaningless tech unless they can promote the transformation of
The post $ 414 Billion Alibaba’s Jack Ma: Blockchain Needs to Target Manufacturing Industry appeared first on CCN
Bitcoin as Frankenstein is a really interesting concept. Before I begin, let me humour the horror story fanatics amongst us and say yes, ‘Bitcoin as Frankenstein’ is inaccurate, we are actually referring to ‘Bitcoin as Frankenstein’s Monster’ here.
This, stems from a report in The Fintech Times that discusses how Bitcoin is slowly becoming a monster, made up of a number of different bits and pieces, a number of different ideas and a number of theories.
Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP.
The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the internal payments market, alone, is $ 155 trillion. According to Kelly, it costs about $ 31 billion to move the entire $ 155 trillion strong market.
