Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. Samsung Sees Large Net Profit Declines Analysts at Samsung attributed the overall decline in profits to various geopolitical factors including the U.S.-China trade war. Due to macroeconomic uncertainties, the company said that its memory business will likely not strongly rebound until the second quarter of
By CCN.com: In the past 24 hours, the crypto market has experienced a slight decline in valuation from $ 224 billion to $ 219 billion as the Bitcoin price dropped to $ 3,500. Previously, traders said that a drop below the $ 3,500 mark could lead the price of Bitcoin to test key support levels in the low $ 3,000
The post $ 5 Billion Wiped Out of Crypto: Bitcoin Below $ 3,500 Could Spell Trouble appeared first on CCN
Following the arrest of Huawei CFO Meng Wanzhou in Canada, the U.S. government has filed two criminal charges against Chinese nationals for allegedly stealing sensitive information from Western businesses, intensifying the trade war between the U.S. and China that may ultimately place more pressure on the falling Dow Jones. On December 21, Adam Segal, a
The post US-China Trade War Sees No Progress, Trouble for the Dow Jones? appeared first on CCN
Target and Tiffany are among the largest retailers in the U.S. stock market that are reportedly at risk of facing a 2008-level sell-off in the months to come. On average, 95 of the largest retailers in the global market listed on the S&P Index fell by around 17 percent in the past three months, with
The post Retailers Like Target May Face 2008 Level Sell-Off, US Stock Market in Deep Trouble? appeared first on CCN
About a week since the seizure of what was to be the first Bitcoin ATM in India, one of the co-founders of the firm that installed the cryptocurrency vending machine, Unocoin, has speculated that the debacle could have been avoided with better branding. Speaking to Quartz India, the co-founder of Unocoin, Sathvik Vishwanath, has claimed
The post Unocoin Founder: Comparing Bitcoin Kiosk to a Bank ATM Landed Us in Trouble appeared first on CCN
Chart for ETH/USD (1W)
Ethereum (ETH) had been under a lot of heat from regulatory bodies over its status as a noncompliant security. While this debate may not have much weight in the case of other cryptocurrencies, it holds a lot of significance in the case of Ethereum (ETH) owing to a sale of 60 million ether tokens by The Ethereum Foundation in July 2014. This sale raised 31,000 Bitcoin (BTC) valued at around $ 18 million. As the sale can be deemed a speculative launch that could lead to an increase in the value of Ethereum (ETH), this deal can be classified as an instance of security offering.
Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble.”
Singh: Market Bottom ‘Hard’ To Call
Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) 00.
“It’s hard to say [if this is the bottom],” he said about the current state of the market.
A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option.
**On today’s episode of The Cryptoverse:**
An update on the Tezos controversy. Tezos Founders Sued for Securities Fraud in Potential Class Action, which could lead to a wave of copycat attacks on ICOs.
The lawsuit involved Tezos founder Kathleen and Arthur Breitman and Johann Gevers.
And we’ll do a daily check in on the progress towards the Segwit2x hard fork.
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