What Death Spiral? Bitcoin’s Hashrate is Still Climbing: David Hundeyin
Following a period of sustained bearish sentiment in the Bitcoin mining market accompanied by three notable hashrate reductions in the final third of 2018, the flagship cryptocurrency’s network appears to be back on its way to optimum health. Bitcoin Reverses…
Will the S&P 500 Crack 3,000 in 2019? Avalon Says Yes: David Hundeyin
Avalon Advisors Chief Investment Officer Bill Stone believes that 2019 will be a record year for the stock market despite the December crash and subsequent sluggishness that has seen many investors adjust their outlook for the year ahead. Avalon’s Bill Stone …
Ethereum Postponed its Hard Fork, But Some Miners Didn’t Listen: P. H. Madore
On January 15, Ethereum’s developers put out a security alert that they were postponing the scheduled Constantinople upgrade. Not everyone made the appropriate changes, however, and there is a currently a parallel universe of Ethereum mining. A “chain split” …
Fossil Shares See New Life after Firm Sells Smartwatch Tech to Google: Melanie Kramer
Watchmaker Fossil Group’s shares spiked today on news it had sold some of its smartwatch technology to Google in a deal worth $40 million. Announced today and expected to close in January, the deal launched Fossil’s share price as high as 10%. By close, thoug…
Dow Jones Rockets after Report Claims Trade War Winding Down: Melanie Kramer
Led by the Dow Jones Industrial Average, the stock market rocketed after reports that the US was to begin lifting tariffs imposed on Chinese imports. However, the market pared those gains after subsequent reports indicated that no such plans had been made. Do…
Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News: Samantha Chang
Russia is not planning to buy $10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko t…
Morgan Stanley Shares Plunge on Earnings Woes, Bank Blames Bonds: Mark Emem
Morgan Stanley’s fixed-income division posted its worst quarterly results in three years, sending the stock plummeting. According to Bloomberg, the Wall Street firm recorded a drop of 30% in bond-trading revenue from $808 million a year ago to $564 million. T…
Is DX.Exchange a Sham? Crypto Platform For US Stock Trading Linked to Shady SpotOption: P. H. Madore
DX.Exchange, the new kid on the crypto trading block that offers tokenized versions of Nasdaq-listed US stocks (powered by Nasdaq’s Matching Engine Technology), has some questionable, even sketchy ties with a shuttered binary options trading platform based in…
BitDeer.com Massive Growth With Over 1.2 Million Visitors: Press Release
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to c…
Legendary Investor John Bogle Dead at 89, Bet His Wife Is Glad She Didn’t Diversify: Wes Messamore
Legendary investor John Bogle, founder of Vanguard Group (with over $5.1 trillion in assets under management) along with an entire philosophy for investing in equities, and a loyal following of “Bogleheads,” died Wednesday at the age of 89. And his enduring c…
Why CEOs are Naive to Ignore Trade War, Recession Risks: Melanie Kramer
Global CEOs, especially in Asia and Latin America are worrying about the risk of recession. US business leaders, however, appear more concerned about cybersecurity and competition than a potential economic slowdown or the ongoing US-China trade war. A survey …
Better Than Bitcoin?: MIT, Stanford Profs Make Bold Claim about New Cryptocurrency: David Hundeyin
Researchers from seven colleges across the United States are working together on a supposedly groundbreaking cryptocurrency project which they say will offer scalability beyond anything that bitcoin can offer. Will a Cryptocurrency Called Unit-e Supplant Bitc…
Why the Huawei Scandal Will Reignite the US-China Trade War: Sam Bourgi
A widening federal probe of China’s Huawei Technologies Co. could spark renewed tensions between Washington and Beijing at a critical juncture in their negotiations to end the trade war. According to The Wall Street Journal, federal prosecutors are already in…
Please Do Not Store Crypto on Any Exchange, Warns CEO of Major Crypto Exchange Kraken: Joseph Young
Jesse Powell, the CEO of a major crypto exchange Kraken, warned users of digital assets to not store funds on trading platforms. The warning of Powell follows a high profile security breach suffered by Cryptopia, a New Zealand-based crypto exchange known for …
Digitex Futures Launches Beta Version of Its Commission-Free Bitcoin Futures Exchange: Press Release
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to c…
Aquatica Foundation, an Ocean Conservation Charity, Joins GoChain’s Validator Network: Press Release
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to c…
Back Pay? No Way: U.S. Federal Contractors Losing $200 Million in Daily Revenue Due to Government Shutdown: Mark Emem
U.S. federal government contractors could be losing up to $200 million in delayed or foregone revenue each day the shutdown drags on. In some cases, some contractors have completed work but their invoices can’t be processed as the responsible government agenc…
Is the Booming Dow Why Trump Won’t End the Shutdown?: Josiah Wilmoth
With the US partial government shutdown now entering its 27th day, this funding standoff is already the longest in federal history. Nevertheless, President Donald Trump has expressed no qualms about extending the shutdown for a “long time” if Democrats refuse…
Elon Musk Cuts Tesla Costs by Scrapping Customer Referral Program: David Hundeyin
Tesla CEO Elon Musk has announced the early conclusion of the Tesla referral program citing the bloated cost as an unsustainable expense that is “adding too much” to the price of the carmaker’s vehicles. Initially scheduled to end on March 11, the end date ha…
Sudden Selloff Hits Hong Kong Stocks: $4.77 Billion Vaporized: David Hundeyin
A number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much as $4.…
