Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains: Melanie Kramer
New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for so long, and falling consumer sentiment is a key indicator of an econo…
How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin: Wes Messamore
According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that the coins a…
Watching the Pennies Excessively? Pound Falls from Two-Month High as UK Retail Sales Disappoint: Mark Emem
The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded. After hitting the $1.3000 mark on Thursday, the sterling pound is now trading around the $1.2940 level. While the sterling had hovered ab…
Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year: P. H. Madore
Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency ha…
Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker: Samantha Chang
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-…
Clever Play? PayPal CEO Offers Help to Workers Hurt by US Government Shutdown: Melanie Kramer
Dan Schulman, the president and CEO of PayPal, said that the fintech giant would provide federal employees affected by the partial US government shutdown with an interest-free $500 line of credit. PayPal to Dole Out $25 Million in Interest-Free Cash Advances …
Ethereum Hard Fork Rescheduled: Here’s When Constantinople Will Finally Launch: P. H. Madore
As CCN previously reported, the aborted Constantinople network upgrade has created several problems for Ethereum. One of these problems is a significant group of miners continuing to mine as if the hard fork had actually taken place. Another problem is how to…
‘Wile E. Coyote’ Stock Market Could Run Off a Cliff: BMO Analyst: David Hundeyin
Amidst the ongoing stock market rally characterized by bullish sentiments from several prominent investors, BMO analyst Russ Visch has warned that the fundamentals are still not good enough to justify much optimism. Earlier, CCN reported that Blackstone chief…
Why the Bitcoin Price Could Fall to $2,400 & Entice Wall Street to Buy the Dip: Josiah Wilmoth
With the bitcoin price continuing to hover around $3,500 following last week’s sell-off, technical analysts have begun fevered debates about whether the flagship cryptocurrency will see more losses ahead. Crypto brokerage firm BitOoda believes that a further …
The Guardian Publishes Libelous Op-Ed, Falsely Claims Bitcoin’s Killing the Planet: Wes Messamore
An early Bitcoin mining investor writes a shock Guardian op-ed trashing his own investment as something that’s killing the planet. I don’t think I’ve ever read anything like it in my life. It’s a sign of the times and maybe the exact kind of mentality that JP…
U.S. Congressman Reintroduces Bill to Give ‘Safe Harbor’ to Cryptocurrency Firms: David Hundeyin
United States Congressman Tom Emmer (MN-06) this week reintroduced a bill designed to provide regulatory clarity for cryptocurrency companies. Tagged the ‘Blockchain Regulatory Certainty Act’, it was initially introduced on the floor of the house in September…
Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit: Sam Bourgi
China has extended the olive branch back to the United States by offering a path to eliminate Washington’s burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Tru…
Dow Jones Rallies 130 Points After a Boost from US-China Optimism: Melanie Kramer
This morning, Dow Jones Industrial Average Futures Trading predicted a gain of over 130 points for the index at market opening. The US stock markets have been buoyed by news that trade tariffs could be eased or even rolled back. Futures trading as of 8.20am E…
How $400 Billion Tencent Might Soon Acquire Two Major Bitcoin Exchanges: Josiah Wilmoth
Tencent might soon be the proud owner of two major bitcoin exchanges, as the $400 billion Chinese tech conglomerate is weighing a bid for the South Korean holding company that controls them. Tencent Mulling Bid for Owner of Bitstamp & Korbit Reuters reports t…
How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear: Joseph Young
The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. O…
Coingate Integrates Lightning Network on Litecoin to Boost Crypto Payments: P. H. Madore
Cryptocurrency payments platform Coingate has begun its Lightning Network trial using Litecoin. According to marketing manager Veronika Mishura, the company does up to 10% of its monthly volume via Litecoin. They believe that integrating Litecoin Lightning Ne…
Dow Pounds Higher, But ‘Apathetic’ Bitcoin Trades Sideways: Josiah Wilmoth
The US stock market continued to rise ahead of Friday’s opening bell, with the Dow flashing triple-digit gains and its sister indices making similarly-bullish strides. Bitcoin, though, entered the day with little momentum as the cryptocurrency market demonstr…
Why We Need a Fresh Approach To Trading Cryptocurrencies, Enter Bitdroid: 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…
Apple’s Asia Suppliers Slash Sales Forecasts as US-China Trade War Bites: Mark Emem
Apple’s suppliers in Asia are cutting sales forecasts in anticipation of reduced iPhone sales as the U.S.-China trade war drags on. Among the hardest hit include Taiwan Semiconductor Manufacturing CO (TSMC) which singlehandedly supplies the iPhone’s core proc…
WeWork CEO Profits in Millions as ‘Landlord’ from $47 Billion Startup: Report: Jimmy Aki
According to a report by the Wall Street Journal, co-working service provider WeWork Co. has reportedly been renting spaces in buildings owned by its CEO Adam Neumann. The report noted that the arrangement has already seen the company owner net millions of do…
