#1 Source For Bitcoin And Altcoin News
Bitcoin is on fire this year but you can’t quite call it a “crypto comeback”… just yet, as The Wall Street Journal points out. Investors are starting to doubt a corresponding return in alternative cryptocurrencies, and for good reason. Altcoins are still well off their 2017 highs. Many alts have, in fact, gone to zero […]
The post Bitcoin Has Been on Fire but Altcoins Haven’t Joined the Party – Yet appeared first on CCN Markets
Following a vicious stock price downturn, GE is making a last-ditch attempt to raise cash. GE Ventures intends to sell its portfolio of investments in more than 100 startups as part of the firm’s “multiyear turnaround.” GE stock has plunged nearly 30% from its 52-week high at $ 14.44. By CCN Markets: Amid a “multiyear turnaround” which has seen GE’s stock drop double digits this year, GE is reportedly looking to offload a large portfolio of startup investments. The Ventures wing of one of America’s oldest companies reportedly owns stakes in more than 100 different companies and is looking for a
Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik representative told CCN the stakes are high for the entire cryptocurrency industry: We are unsure of how
The post Under Fire from the SEC, Kik’s Crypto Project is Going to War appeared first on CCN
Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to the data released by Beijing on Monday, China recorded a GDP growth rate
The post China’s Stocks Are on Fire Despite Slowest GDP Growth in Nearly 30 Years appeared first on CCN
Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume — suggesting a sell-off is in the making. As of this writing, TSLA shares
The post Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker appeared first on CCN
A bitcoin exchange in Singapore reported on January 3 that on New Year’s Day their data center experienced a “fire.” Fears of an exit scam began to mount. According to them, this fire results in 7% of users losing access to their accounts. The events coincided with the first annual Proof of Keys event. BiteBTC.com
The post Singapore Bitcoin Exchange BiteBTC.com Claims Data Center Fire on Proof of Keys Day: Exit Scam? appeared first on CCN
In a series of tweets, Vitalik Buterin, co-founder of Ethereum, made his disapproval of Bitcoin Cash ‘Satoshi’s Version’ (BSV) known, calling the new hard fork of Bitcoin Cash (BCH) a “pure dumpster fire.” Buterin’s comments were made in an online Twitter debate with cryptocurrency commentator and businessman Tuur Demeester on Christmas Day. In the discussion, Buterin
The post Vitalik Buterin Bashes Bitcoin SV and Calls it a ‘Dumpster Fire’ appeared first on CCN
Vitalik Buterin, the creator of Ethereum (ETH), is not known for pulling punches when discussing technology and other projects within the crypto industry. As one might expect given his past comments, Buterin has a less than positive take on Bitcoin SV (BSV), the newly forked version of Bitcoin Cash (BCH), going as far as calling […]
SludgeFeed
Listen Here – https://soundcloud.com/cryptodaily/why-bitcoin-cash-has-been-on-fire-this-weekend
If you’re a Bitcoin Cash investor, you might be feeling a little pleased with yourself today, that’s because throughout the weekend, Bitcoin Cash has made some fantastic gains and seen some real progression, away from the overall negative trend of the markets. As we enter November, we all hope to see more positive movements within the markets (mainly so we can afford Christmas and the holiday season, right?)
Chart for ETCUSDShorts (1W)
The whole cryptocurrency market is exploding. Bitcoin (BTC) shorts saw a 20% decline. The same goes for Ethereum (ETH) which declined more than 20%. Ripple (XRP) shorts declined around 18%. Ethereum Classic (ETC) shorts climbed 20%! What?! Even though the price of Ethereum Classic (ETC) climbed above $ 10 with a 8% growth, the number of shorts climbed even higher. Why is Ethereum Classic (ETC) behaving differently than the rest of the market? Why is somebody trying so hard to keep the price of Ethereum Classic (ETC) down? Let us take a moment to examine why.
The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Korea Blockchain Association (KBA) held a press conference Wednesday to announce the results of its inspection of cryptocurrency exchanges operating in the country. The Association “gave a nod to the cybersecurity standards of 12 cryptocurrency exchanges,” the Korea Herald reported.
FCoin has launched to spiking trading volumes by utilizing a new revenue model called “trans-fee mining,” but the method has been likened to an ICO.
CoinDesk
South Korea cryptocurrency users are voting en masse against the country’s prospective trading ban and demanding ministers resign.
The results of two government surveys shows support exceeding 100,000 people for halting the restrictions on trading, while more than 30,000 want to see the justice minister and finance minister fired for “market manipulation.”
South Korean lawmakers have stepped up efforts to severely limit cryptocurrency activity under their jurisdiction in recent months.
Tax obligations, a single exchange account per citizen and bans on ICOs and Bitcoin futures have combined to produce an overall hostile environment in what was once the biggest Bitcoin trading market in the world.
