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Shiba Inu Unveils New Partnership, SHIB Trade Volume Spikes

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For a while now, Shiba Inu has been revealing some interesting partnerships. A couple of days ago, the official Twitter page of the meme coin teased a new partnership with luxury car manufacturer Bugatti when it tagged it in a post. However, it is no longer just speculation as Shiba Inu has confirmed the partnership.

Shiba Inu Unveils Bugatti Partnership

Shiba Inu revealed on Twitter that it had partnered with the Bugatti Group, the makers of the popular Bugatti automobiles. The partnership was for the upcoming NFT collection for the meme coin which will see the Bugatti Group host special events for Shiba Inu. The events include a Twitter Space and a mint party for the Shiboshi mint.  Read more...

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Former SPAC CFO Pleads Guilty To Funds Misappropriation To Trade Crypto

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With the prolonged crypto bear market ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes in the bear market. On today’s news, an ex-chief financial officer of two special purpose acquisition companies (SPACs) has pleaded guilty in court to embezzling more than $ 5 million to trade meme stocks and cryptocurrencies.

Going by the name Cooper Morgenthau, the former chief financial officer on Tuesday pleaded guilty to wire fraud charges in front of the U.S. District Judge Paul Engelmayer in Manhattan federal court.  Read more...

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Russia Close To Legalizing International Trade In Bitcoin, Crypto: Head Of Finance Committee

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The head of the State Duma finance committee reportedly said Russia will legalize the use of cryptocurrency for international trade in January 2023.

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS.

“In January, we want to legalize cryptocurrencies to ensure foreign trade activities,” Aksakov said, per a translated version of the report.

The chairman highlighted that although Russia is taking steps to allow bitcoin and cryptocurrency payments for imports, there are no plans to encourage similar usage of the burgeoning assets within the boundaries of the nation’s territory.  Read more...

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Russia To Allow International Trade In Bitcoin, Crypto For Any Industry: Report

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A director for Russia’s Ministry of Finance stated the country is seeking a non-restrictive policy for using bitcoin and crypto in international trade.

The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction, per a report from local media outlet TASS.

Ivan Chebeskov, director of the Financial Policy Department for the ministry, explained in a recent interview. “We are going to allow international settlements in cryptocurrencies for any industries without restrictions.”  Read more...

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Should Bitcoin Maximalists Trade To Get More Bitcoin?

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Acquiring bitcoin by any means necessary is not a moral stance. Trading altcoins in order to stack more sats does not fit with Bitcoin Maximalism.

This is an opinion editorial by Will Schoellkopf, author of “The Bitcoin Dog,” and host of the “It’s So Early!” Bitcoin podcast.

When it comes to stacking sats, the ends do not justify the means.  Read more...

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Iran Impart Association Calls For Regulatory Clarity About Crypto In Foreign Trade

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Iran’s association of importers have now called for regulatory framework for cryptocurrency. This is after the Iranian government has officially used crypto to pay for the imports. In order to continue paying for imports with digital asset a regulation needs to mandated.

The head of Iran’s Importers Group and Representatives of Foreign Companies (Import Association) Alireza Managhebi, has been emphasizing on the need for concrete and stable regulation.

It is a much required practice which has to be given its due importance if Iran were to continue digital asset payments for the imports.

A government official quoted,  Read more...

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Dow Winces as Trade War Overwhelms Crucial Stocks

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The Dow teetered toward a loss on Wednesday after President Trump exposed a lack of confidence in the state of trade negotiations with China. Trump’s unexpected remarks overwhelmed DJIA components with substantial ties to the world’s second-largest economy. Dow Slumps, Market Fails to Regain All-Time Highs The US stock market failed to regain its all-time […]

The post Dow Winces as Trade War Overwhelms Crucial Stocks appeared first on CCN Markets

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Dow Struggles for Momentum as China Reignites Trade War

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Dow Jones futures struggled for traction on Wednesday, pointing to a flat open on Wall Street. Traders are yet again weighing the impact of a trade war as China moves towards a hard-line stance on negotiations. It comes just a day after Trump said there was “a long way to go” and threatened further tariffs. […]

The post Dow Struggles for Momentum as China Reignites Trade War appeared first on CCN Markets

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BHPA Inc Approved to Trade on OTC Markets Exchange Under “BHPA” Ticker

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CHENGDU, China, July 11, 2019 — BHPA, Inc. (OTCMKTS: BHPA) (“BHPA” or the “Company”), an emerging leader in the cryptocurrency cloud mining marketplace, is excited to announce that it has been approved by the Financial Industry Regulatory Authority to trade under the ticker “BHPA” OTC Markets Group (the “OTC”), as of July 8, 2019. Investors […]

The post BHPA Inc Approved to Trade on OTC Markets Exchange Under “BHPA” Ticker appeared first on CCN Markets

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Dow Jones: Trade War Fireworks Could Trigger Fourth of July Hangover

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  The US markets will remain closed on Thursday while Americans celebrate the Fourth of July Independence Day holiday, ensuring that the Dow Jones Industrial Average and other major stock indices will enjoy the new all-time highs they set on July 3 for at least one more day. However, when Wall Street returns to action […]

The post Dow Jones: Trade War Fireworks Could Trigger Fourth of July Hangover appeared first on CCN Markets

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Trump Trade Adviser Says Two Catalysts Could Send the Dow to 30,000

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White House Trade Adviser Peter Navarro told CNBC that the Dow Jones Industrial Average could hit 30,000 if a couple of factors come to pass. He said: “The two things that really have to happen in the short run to get us Dow 30,000, and above are going to be passing the U.S., Mexico and […]

The post Trump Trade Adviser Says Two Catalysts Could Send the Dow to 30,000 appeared first on CCN Markets

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Tesla & Apple Stock Blast Higher as Trade War Thaws

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Tesla stock and Apple stock are on the move, thanks to positive developments regarding the tariff war with China. A Slight Thaw in The Trade War During the G20 meeting, President Donald Trump met with Chinese President Xi Jinping. Little was expected from the meeting, but the leaders surprised the world by announcing a temporary […]

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Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging

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As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has […]

The post Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging appeared first on CCN Markets

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Thawing US-China Trade War Tensions Not ‘Hurting Bitcoin’

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President Donald Trump stunned the world Saturday with the announcement of a ceasefire in the U.S. China trade war. After a high stakes face-to-face meeting with Chinese President Xi Jinping, Trump told reporters that he would be holding off on the threat of more tariffs on $ 300 billion in Chinese imports. Though the bitcoin price […]

The post Thawing US-China Trade War Tensions Not ‘Hurting Bitcoin’ appeared first on CCN Markets

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Dow Futures Rage on ‘90% Complete’ Trade Deal Hysteria Ahead of G20

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Dow Jones futures launched a triple-digit rally in early trading on Wednesday as Treasury Secretary Steven Mnuchin said the China trade deal is 90 percent complete. Speaking to CNBC, Mnuchin confirmed that Trump and Xi Jinping were inching closer to a resolution with their G20 meeting just days away. After back-to-back losses on the stock […]

The post Dow Futures Rage on '90% Complete' Trade Deal Hysteria Ahead of G20 appeared first on CCN Markets

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Trade Bitcoin? Here’s Why You Absolutely Need to Also Buy Gold

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By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that person’s beliefs about other people’s psychology. Bitcoin traders are thus  Read more...

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Trump Will Sign a Trade Deal If the Dow Hits This Crisis Level

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By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $ 528 billion under  Read more...

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Amazon & Alibaba Trade Blows in War for China’s E-commerce Throne

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Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $ 20 billion through a listing in Hong Kong. By CCN Markets: The war for China’s e-commerce marketplace is heating up, and it may result in a clash between two titans of industry: US powerhouse Amazon and homegrown champion Alibaba. Both Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) have had new developments emerge this week which signal increased competition in China’s e-commerce industry, despite the looming  Read more...

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