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On July 18, the bitcoin price experienced an abrupt surge from around $ 9,300 to $ 10,500 as the crypto market rebounded, rising by well over $ 1,000 within minutes, as CCN reported. Following the sudden upside movement, technical analysts still generally remain cautiously bearish towards the short term trend of the dominant crypto asset due to its […]
The post Bitcoin Price Jumps $ 1,000 in Sudden Spike Beyond $ 10,000; What’s Next? appeared first on CCN Markets
Bitcoin was about to break out to a new high on Wednesday at $ 13,200, but then suddenly sold off 10 percent in about 90 minutes. What was behind this sudden sell-off? What Goes Up Must Come Down There is a fundamental rule in physics known as gravity. What goes up must come down. There is […]
The post Here's Why Bitcoin Price Cratered After Smashing Beyond $ 13,000 appeared first on CCN Markets
By CCN Markets: Price of Bitcoin established another year-to-date high on Friday, touching levels not seen in over a year. Earlier during the Asian session, the bitcoin-to-dollar exchange rate flew past the $ 9,800 level for the first time since May 6, 2018. As of 0200 UTC, the pair settled a fresh yearly high towards $ 9,812 on Coinbase exchange, up 5.92 percent on a 24-hour adjusted timeframe. Bitcoin futures on CME also surged to establish its 2019 peak of $ 9,840. Rate Cut Drives Gold Higher The price rise appeared 12 hours after the Federal Reserve agreed to the possibility for a rate
By CCN Markets: Speaking to CNBC’s Futures Now, Fundstrat co-founder and head of research Thomas Lee said that considering the momentum of bitcoin, the dominant crypto asset is likely to take out its all-time high very soon. “Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $ 9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee. #Bitcoin is blasting higher, and @fundstrat's Tom Lee
By CCN Markets: For all the hype over Beyond Meat’s IPO and insane rising stock price, Red Robin, a good old-fashioned burger chain, soared roughly 30% on Thursday. One of its institutional investors would like to see the company sell itself. Buyout Offer Red Robin Gourmet Burgers received a letter from Vintage Capital demanding that the company consider selling itself to the private equity firm. Vintage Capital owns about 11% of Red Robin and thus carries considerable weight. Considering Vintage Capital appears to offer $ 40 per share for Red Robin, shareholders may be hard-pressed to turn down that buyout offer.
By CCN Markets: The Uber and Lyft IPOs went absolutely nowhere, despite enormous hype and anticipation. Since then, other IPOs from lesser-known companies like Fiverr, CrowdStrike, and Beyond Meat have soared. Why are these stocks getting the love when the long-anticipated Uber and Lyft IPOs flamed out in spectacular fashion? There are different reasons for each, but they relate to fundamentals, perception, and share float. CrowdStrike Kills Uber in Key Area: Fundamentals Investors knew that Uber and Lyft were losing money, but when the financials were released, it became apparent that they were losing a LOT of money. There is
By CCN Markets: Beyond Meat stock tumbled 4% in today’s pre-market trading following the announcement of a new competitor – Tyson Foods. The poultry powerhouse is set to enter the meatless arena later this summer, beginning with a plant-based “chicken” nugget. Beyond Meat investors pulled it together. The stock price is already back in the green for the day. Tyson Foods Is a Powerful Foe Previously an investor in Beyond Meat, Tyson Foods sold its stake in April just before the company went public. The investor-investee relationship between the two took a turn for the worse once Tyson decided to create
By CCN Markets: Beyond Meat was the biggest non-penny-stock market winner on Wednesday, soaring another 12.7% to $ 142 per share. Beyond Meat’s stock is now up 460% since its IPO. Why is Beyond Meat’s stock going bonkers, and is the company’s valuation fair at this price? There are two reasons behind this insane move. A Lot of Hype The stock market is presently at its third most expensive ever. When the stock market gets this frothy, IPOs and other speculative investments tend to attract a lot of hype and momentum investors. These investors piled into Beyond Meat’s stock when the
The number of stores that accept cryptocurrencies is rising in Slovenia and Croatia. Starting with merchants in one of the largest shopping and entertainment complexes in Europe, Elipay has now integrated with 300 stores in Slovenia and begun expanding into Croatia following approval by the country’s central bank.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Cryptocurrency adoption has been rapidly growing in Slovenia. Elipay by startup Eligma is a crypto payment mobile app for iOS and Android devices. Many stores at one of the largest shopping and entertainment complexes in Europe, BTC City, have integrated Elipay which currently supports BCH, BTC, ETH, and ELI token.
From advances in art trading to setbacks for celebrities on the blockchain, it was a year of serious building for the crypto collectable market.
CoinDesk
Bitcoin price is surging above the psychological resistance of $ 4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $ 4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of
The post Newsflash: Bitcoin Price Surging Beyond $ 4,100 in Extended Buying Action appeared first on CCN
The world’s fourth-largest asset manager, Fidelity, is exploring the possibility of expanding its custodian services beyond Bitcoin to other assets in the crypto market. Tom Jessop, the head of Fidelity Digital Assets, a cryptocurrency custodial service provider operated by Fidelity, said that the organization is evaluating the demand for the top five cryptocurrencies in the market
The post Beyond Bitcoin: Fidelity May Expand Crypto Custody to More Assets appeared first on CCN
Binance, the world’s most popular crypto exchange, has announced that it will be renaming and expanding its Tether (USDT) market to USDⓈ, which will now include a number of popular stablecoins with an expanded assortment of trading pairs. Binance Updates USDT Market to Combined Stablecoin Market (USDⓈ)https://t.co/nmRkFWhbMc pic.twitter.com/LHnqEkrwkV — Binance (@binance) November 26, 2018 While the name […]
SludgeFeed
Huobi exchange, which just opened an office in Moscow, wants to lend money and rent space to Russian miners, shape the country’s regulations and train local blockchain talent.
CoinDesk
Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and
The post Beyond Crypto Friendly: Swiss Bank Helps Clients Participate in ICOs appeared first on CCN
GMO Internet, Inc., a Japanese tech giant focused on finance, media and now cryptocurrency, announced this week that it has expanded its crypto mining business beyond ASIC miners for Bitcoin to launch a free-to-use software for mining privacy coin Zcash (ZEC) with Nvidia-based rigs. According to the announcement, the software is specifically designed for Nvidia […]
SludgeFeed
Zeus, by AIZeus is the latest public blockchain build to satisfy the needs of applications with millions of users. The Zeus blockchain has been designed with mass market B2C & P2P applications in mind, which require a wealth of consumer end features. Because of this, Zeus has been made to be the complete solution for mass market consumer apps.
It’s an incredible platform, built on some incredible technology, technology that you need to know about.
On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
IOTA is a crypto coin, established in 2015 and designed for the Internet of Things (IOT). There are many examples of IOT on the market, with the most common being the Amazon Echo. IOT differs from Bitcoin and Ethereum by using Tangle instead of Blockchain and doesn’t face any scalability issues due to its high transaction speeds which increase as the number of IOTA users increases.
The Future
The industry surrounding the IOT is expected to grow hugely in years to come due to technology advancements and a growing desire for internet connected devices.
The enterprise DLT startup now sees a vast range of opportunities, both within the industry where its founder spent most of her career and outside it.
CoinDesk
