Last week, JPMorgan (JPM) took the fintech world by storm when it revealed that it has been developing JPM Coin, a new Ethereum-based stablecoin that serves as a means to instantly settle payments between clients. As we reported at the time, the cryptocurrency market failed to move higher, suggesting a lack of interest from established market […]
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Here’s Why Pantera Capital Thinks This Bitcoin Bear Market is Different
Dan Morehead, the CEO of bitcoin investment firm Pantera Capital, says everyone needs to chill out about the current Crypto Winter. Morehead reminded the myopic industry that the crypto space had weathered similar bear markets before, and this one actually bodes well for the future of bitcoin and blockchain. ‘Underlying Fundamentals Are Much Stronger’ “This is actually our second Crypto Winter,” Morehead said on Laura Shin’s podcast Unconfirmed (audio below). “There was one in 2014 to 2015. In the previous one, I had more of a worry in the pit of my stomach about whether blockchain was actually going to work.
Why JP Morgan Thinks the US Stock Market is Set to Face a Reckoning
JP Morgan chart analyst and technical market strategist Jason Hunter says the S&P 500 is not out of the woods yet after bouncing back this month from massive losses in the worst December since the Great Depression. S&P 500 Climbing toward Resistance The January rally in U.S. stock prices pushed the benchmark up more than 12 points over its Christmas Eve low, rebounding more than 5 percent in the first month of 2019. But that doesn’t necessarily mean stocks are headed into a bull market as the S&P 500 approaches a key resistance line at 2,711. In a note to
PwC Thinks India will Outperform the U.K.’s Economy: Here’s what the ‘Big Four’ Firm and the ‘GDP’ Indicator get Wrong
By CCN.com: A publication by accounting firm PwC has placed India on track for a 7.6 percent growth in 2019, setting a path for the country to surpass both the U.K. and France in terms of economy. But ask any economist, and they would point towards why the coveted Gross Domestic Product (GDP) – which
The post PwC Thinks India will Outperform the U.K.’s Economy: Here’s what the ‘Big Four’ Firm and the ‘GDP’ Indicator get Wrong appeared first on CCN
Brexit Deadlock: Is a 2nd Referendum Looming? Nigel Farage Thinks So
Former UKIP leader Nigel Farage took to a stage in London late last week and delivered the news that his audience didn’t want to hear. A rerun of the 2016 EU referendum could be on the cards. Speaking to a pro-leave audience, Farage was blunt and to the point. “It is now quite possible that
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Litecoin Founder Charlie Lee Thinks Some Bitcoin Maximalists Are Extremists
Charlie Lee, the founder of Litecoin (LTC), made waves on Twitter after he published a Sunday post proclaiming that some Bitcoin (BTC) maximalists are more aptly described as extremists, given their views on the altcoin market. In the tweet, which included a poll to let his following vote on how they view themselves, Lee claims […]
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Why Vertical Research Thinks Tesla Shares Will Crash Another 70 Percent
It’s less than a week into the new year, but the market has revved into action, with companies feeling the heat on the trading floor. One such company is Tesla whose stock has fallen almost 10 percent. However, Gordon Johnson, an analyst at Vertical Research Group, believes the automobile manufacturer still has some much darker
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BitPay CCO Thinks Institutions Can Drive Bitcoin to $20k in 2019
In an investing environment where industry leaders continue to make overly bullish, short-term price predictions, Sonny Singh, the chief commercial officer of cryptocurrency payment processor company BitPay, has a more tempered view on Bitcoin (BTC). In a recent interview on Bloomberg, Singh revealed that he’s less interested in price targets for 2018, but instead is looking to 2019 for its […]
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Novogratz Thinks 2019 Will Be Bitcoins Year
The CEO and founder of the cryptocurrency fund Galaxy Digital, Mike Novogratz has recently gone onto TV to talk about the ongoing developments in the crypto space.
Novogratz went on television to do an interview with Bloomberg recently to explain why he believes the first two quarters of next year will be the time for Bitcoin to thrive. The Galaxy Digital CEO is well known for being pro-Bitcoin and has previously declared the bottom of the cryptocurrency market whilst being consistent on being bullish for the digital currency.
Bank of America Thinks Blockchain Could be a $7 Billion Market
Bank of America research analysts have predicted that blockchain technology could represent a multi-billion dollar industry down the road, and be of particular benefit for leading companies like Amazon and Microsoft. BoA: Many Can Benefit From Blockchain The analysts predicted the total addressable blockchain market would eventually hit $ 7 billion, but there was not a particular
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Bitcoin (BTC) to $250,000 by 2022? Billionaire Tim Draper Still Thinks So
In a recent interview with The Street, venture capital investor Tim Draper again defended his prediction regarding the price of Bitcoin (BTC) reaching $ 250,00 by 2022. Despite the ongoing bear market, Draper maintains his opinion that cryptocurrencies will contribute to increasing the velocity of money within the next ten years. Draper anticipates a decrease in […]
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Mastercard Thinks Blockchain Can Simplify B2B Transactions in New Patent
Financial services giant Mastercard has invented a blockchain system that it believes can simplify business-to-business (B2B) transactions in a high-volume enterprise environment. That system is outlined in a series of three patent applications filed by the New York-based multinational firm in March, made public on Thursday by the US Patent & Trademark Office (USPTO). Writing
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Binance CEO Thinks the Crypto Bear Market Should Be Over Soon
Binance CEO Changpeng “CZ” Zhao believes the ongoing cryptocurrency bear market could soon come to an end. This prediction came after the leader of the world’s most popular cryptocurrency exchange commented on data in a recent tweet that showed Binance’s exchange token, Binance Coin (BNB), as the only top-50 cryptocurrency still positive in 2018. wow, honored. Don't worry, I think the cycle […]
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Why an Early Uber and Airbnb Investor Thinks Everyone Should Invest in Crypto
Jeffrey Wernick, an accredited investor and an early stakeholder in Uber and Airbnb, arguably two of the most successful technology startups created in the past decade, believes everyone should invest in crypto as an alternative store of value.
Bitcoin Outperformed Every Currency Since 2009
During an interview with Business Insider, Wernick emphasized that many investors have failed to grasp the philosophy of Bitcoin and open-source consensus currencies. Bitcoin is not merely an alternative way to send and receive money, but a store of value that can hold money in a purely digital form.
A Character Called Bitpico Thinks He Can Stress-Test the BCH Network
This Sunday news.Bitcoin.com reported on a community-driven Bitcoin Cash network stress test taking place this September. However, allegedly another stress test is in the works with malicious intent, according to a lesser known developer named Bitpico. The anonymous person claims the attack has already started, and emphasizes his blitz of spam will amplify over time.
Also read: Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies
Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin
On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors and family offices.
Also read: This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification
8 Ways Telegram Thinks Its Own ICO Could Go Wrong
From tech flaws to regulatory interventions, a document sent to prospective investors in Telegram’s $ 2.5 billion token sale spells out the risks.
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