#1 Source For Bitcoin And Altcoin News
Intec Pharma Ltd. is a tiny company in the space of pot stocks, doing clinical research involving cannabis. But one of their drugs failed a Stage III clinical trial. Intec’s stock got crushed and lost 81 percent of its value. Death of A Cannabis Stock Dream Intec has three drugs in its pipeline, including cannabis […]
The post Cannabis Stock Destroyed by 81% Decline on Clinical Trial Failure appeared first on CCN Markets
By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from
The post Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline? appeared first on CCN
China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $ 83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy.
The post China Injects Record $ 83 Billion to Counter Economic Decline appeared first on CCN
Stock prices of twelve of the largest pharmaceutical companies in the USA have fallen sharply after the commencement of a Congressional investigation into prescription drug pricing practices. In a statement released yesterday, it was revealed that the House Oversight Committee chaired by Senator Elijah Cummings (D-Md) sent letters requesting information about their pricing strategies to AbbVie, Amgen,
The post Pharma Stocks Decline as House Democrats Investigate Drug Prices appeared first on CCN
On December 26, following Christmas, the Dow Jones recorded a gain of over 1,000 points. But, shortly thereafter, the Dow Jones fell by nearly two percent, unable to recover from a bear market territory. Why Investors Shouldn’t Get Excited Earlier, CCN reported that despite the five percent gain of the Dow Jones, investors in U.S.
The post Don’t Get Excited: Dow Jones Expected to Continue its Decline After Big Rally appeared first on CCN
On December 14, following a fairly large sell-off from the $ 3,400 region, the Bitcoin price dropped to a new yearly low at $ 3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11
The post Bitcoin Price Drops to New Yearly Low at $ 3,200: What’s Causing the Decline? appeared first on CCN
Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant Oanda, has said that the plunge in the value of bitcoin and crypto will lead to a surge in the price of gold. In an interview, Innes said: “There’s still a lot of people in this game. If … Continued
The post Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally appeared first on CCN
Perhaps it’s unsurprising to readers familiar with Blockstream CEO Adam Back’s recent prediction of a $ 500,000 Bitcoin, but one of the blockchain startup’s chief technological efforts, the Lightning Network (LN) — which facilitates off-chain Bitcoin payments instantly at very little cost — saw a rise to over $ 2 million in capacity while the price of
The post $ 2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline appeared first on CCN
Over the past several days, there has been much debate within cryptocurrency circles about a series of videos and images allegedly showing Chinese crypto mining firms dumping bitcoin miners on the street. BRUTAL: this is what’s happening now in a China based mining site …. 😨😨 pic.twitter.com/gcN4lVTyBt — Dovey Wan 🦖 (@DoveyWan) November 20, 2018
The post Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence appeared first on CCN
By now our readers are aware that the crypto market has been on a downhill slope the past few weeks, and the whole year, really, going from the highs of the end of last year now to new 2018 low below $ 5,000. What our readers may not have learned yet, however, is that the job
The post Blockchain Job Offerings and Seekers Decline with Crypto Market Capitalization appeared first on CCN
For the first time in three months, Bitcoin initiated its first major move. Unfortunately, for investors in the crypto market, BTC plunged by more than 11 percent, engaging in one of the most intense sell-offs in a 24-hour period in all of 2018. Bitcoin Price Tumbles On CNBC Fast Money, BKCM founder and CEO Brian
The post Brian Kelly: Bitcoin Price Decline Will be a Short-Term Event appeared first on CCN
On November 15, the crypto market experienced a wipeout of more than $ 27 billion, as its valuation dropped from $ 210 billion to $ 183 billion. As CCN reported, the intensity of the drop reached to a point in which Bitcoin dropped by more than 11 percent, after having defended the $ 6,000 support level for nearly six
The post Crypto Crash Impacts Large Financial Firms as SBI Shares Decline appeared first on CCN
When the bitcoin price flatlined near $ 6,500 in mid-October, many crypto analysts predicted that the bears had finally become winded following a market downturn that has persisted for nearly a year and that the market could be primed for a December rally. However, technical analyst and trader Willy Woo does not believe that the flagship
The post Bitcoin Price Decline Will Persist until Mid-2019: Crypto Analyst Willy Woo appeared first on CCN
Nearly all cryptocurrencies remain in the red for the time being. That is an unfortunate development, although the momentum will turn around eventually. One currency struggling quite a bit is TRON, as the altcoin is not finding any stable ground lately. The most recent push to surpass $ 0.023 was pushed down in violent fashion, and a new attempt might not materialize soon.
In the last 24 hours, the Bitcoin price has experienced a gradual decline from $ 6,500 to $ 6,410, struggling to demonstrate momentum in the relatively low region of mid-$ 6,000. On October 21, CCN reported that the low volume of Bitcoin remains a concern for traders, as it demonstrated the lack of interest in investors in the
The post Bitcoin Price Drops to $ 6,400: Further Decline to Low $ 6,000 Region in Play? appeared first on CCN
Cryptocurrency Initial Coin Offerings (ICOs) failed to surpass the $ 300 million fundraising mark for September 2018. ICO fundraising is now at its lowest point since mid-2017 as the crowdfunding scene continues to mirror the decline of the broader virtual currency market.
According to Bloomberg, cryptocurrency and blockchain-based startups failed to raise up to $ 300 million from ICO crowdsales. Data from Autonomous Research shows that the total fundraising from ICO projects in September stood at $ 279 million.
With the ethereum price sitting more than 80 percent below its all-time high in mid-September, the conventional wisdom said that startups who had raised funds through initial coin offerings (ICOs) were likely driving the sell-off. ICOs, after all, had been conducted almost entirely using ETH, leaving hundreds of startups sitting on a steadily-depreciating asset. The
The post Ethereum Price Decline Hasn’t Hurt ICO-Funded Startups: BitMEX Research appeared first on CCN
Hedge funds are going through a rather rough stage right now. Not just the cryptocurrency service providers, but more traditional offerings are feeling the pressure as well. The following hedge funds – ranked by loss amount – have seen their total valuation plummet significantly over the past few years.
The past few years have not been great for Fir Tree. Originally founded in 1994, the hedge fund reached its peak in terms of asset worth back in 2015. At that time, the company managed $ 13bn worth of assets. Fast forward to today, and that number has shrunk to $ 7bn. A more than respectable number still, but one that shows things are not heading in the right direction.
Things are not looking too hot in the world of cryptocurrencies right now. The Bitcoin price is taking another dump out of nowhere. At this rate, its value will start trending toward the $ 6,000 level fairly soon. Some traders remain hopeful things will turn around this year, albeit it seems less and less likely.
Having a short-term memory in the cryptocurrency is often asking for trouble. The current Bitcoin price, while not all that impressive by any means, is still vastly higher compared to values noted throughout most of 2017. It took Bitcoin eight and a half years to get to this level. Despite the bull run late last year and in early 2018, unnatural growth cannot be sustained.
Positive cryptocurrency market momentum is very difficult to come by as of now. The latest Bitcoin ETF rejection is causing quite a bit of panic selling, which is entirely to be expected. The NEO price, for example, is getting battered once again, as it has lost a significant amount of value in the past 24 hours.
All alternative cryptocurrencies heavily rely on the Bitcoin momentum to note gains or losses. Considering how Bitcoin is going through another rough patch as of right now, it is only normal the altcoins will not fare any better. The NEO price is a great example of this negative trend, as its value has dropped below $ 17 once again.
