Proof of Keys: Several Exchanges Said to Be “Failing” Bitcoin Ownership Event: P. H. Madore
HitBTC are apparently not the only ones who are “failing” the Proof of Keys event today. The event is intended to prove the Bitoin solvency of each exchange. Every user is encouraged to withdraw all Bitcoin to private keys that they control. However, accordin…
No One Knows What Venezuela’s Petro Cryptocurrency is Actually Worth: Francisco Memoria
The value of Venezuela’s oil-backed cryptocurrency, the petro, is seemingly currently unclear, and even taking a look at official government sources yields inconclusive results, given substantial price differences. The petro, announced in December of 2017 as …
Bitcoin Price Once Again Fails to Punch Through Resistance at $4,000: Yashu Gola
The bitcoin price consolidated this Thursday as $4,000-level continued to block the rally from a breakout attempt. The bitcoin-to-dollar exchange rate dropped as much as 5.36 percent of its value since its yesterday’s high at $3,971. The pair at press time is…
Norway’s Massive Pension Fund Loses $3 Billion+ on its Apple Investment: Melanie Kramer
The giant Norwegian “Oil Fund,” or Government Pension Fund Global, has over $1 trillion in assets and one of its largest single investments is in tech-behemoth Apple. The fund is the largest sovereign wealth fund in the world and consists of two wealth funds …
Apple Plunged 10% in Hours and the Firm Still Doesn’t Know the Root Issue: Joseph Young
Apple is in deep trouble. With a ten percent drop in its stock price on the day and low sales forecast in China, the technology behemoth is facing a tough quarter ahead. Samsung, the largest conglomerate in South Korea, is also struggling to deal with low sal…
Overstock Will Be First Major Company to Pay State Taxes in Bitcoin: Samantha Chang
Online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock — which has a blockchain business division — said the move is part of its ongoing efforts to promote cryptocurrency us…
Dow Downturn Shows Economy is ‘Going into a Recession’: Gluskin Sheff Strategist: Josiah Wilmoth
The Dow Jones Industrial Average and other major stock market indices have posted steep declines during the second trading day of 2019, extending a downturn that saw them post their worst December returns since 2008. According to the top economist at Canadian…
Apple Sell-Off Not Surprising, Why This Analyst Says Don’t Sell: Melanie Kramer
The fall in Apple’s revenue forecast and the resulting share price drop is perhaps not so unexpected and therefore shouldn’t be such big news for global markets, at least according to one trader. But, of course, it is major news and is, therefore, having a co…
Trader: Bitcoin May See Long-Lasting Stability Throughout ‘Boring’ 2019: Joseph Young
Over the past 24 hours, the cryptocurrency market has seen its valuation drop from $135 billion to $130 billion, as the Bitcoin price dropped below the $3,800 mark. On January 2, the dominant cryptocurrency eyed a breakout above the $4,000 resistance level, b…
Bitcoin ‘Too Scammy, Volatile’ for Mainstream Adoption: Analyst Mark Dow: Yashu Gola
Analyst Mark Dow, the trader who closed his short position after bitcoin fell 80 percent last year, doubts whether Bitcoin will ever attain a broader adoption. Bitcoin-Short Trader Bearish on Future of Crypto Adoption Mark Dow, a former International Monetary…
BitTorrent to Sell Crypto Token on Binance Launchpad: Habiba Tahir
Binance’s cryptocurrency token creation platform Binance LaunchPad will introduce a minimum of one token to its users every month in this year, as revealed by the world’s largest crypto exchange today. The first projects that will be launched in this initiati…
Dow Jones Slides 606 Points Mid-Morning as Tech Bellwethers Fall Hard: Sam Bourgi
Led by the Dow Jones, U.S. stocks plunged anew on Thursday, as Apple’s grim revenue guidance exerted a gravitational pull on the broader market. Apple CEO Tim Cook issued a warning Wednesday that the iPhone maker will badly miss its revenue forecast for the f…
Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast: Melanie Kramer
The Dow, S&P 500, and Nasdaq all plunged at the opening of trading today and continued to fall after Apple CEO Tim Cook suddenly revised Apple’s first-quarter revenue predictions. Apple shares have dropped nearly 10% as of the time of writing, putting the tec…
Rocked by China, Apple Shares Plunge to Lowest Mark in 18 Months: Samantha Chang
Apple stock plunged to its lowest point since July 2017 on January 2, fueled by an alarming drop in iPhone and iPad demand from China, whose economy is eroding. This caused a 300-point drop in Dow Futures, as CCN reported. As of this writing, AAPL was trading…
The First Bitcoin Block Was Mined 10 Years Ago Today: Mark Emem
Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthda…
Dow Futures Crash 300 Points on Apple’s Mainland China Woes: Josiah Wilmoth
US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts o…
Hackers Demand Bitcoin After Taking Down Dublin’s Tram System Website: Mark Emem
The website of Dublin’s light rail system, Luas, has gone down after it was hacked, the Irish Examiner has reported. Consequently, visitors to the website, which has been offline for more than three hours now, are being greeted with a message that the hacker(…
BREAKING: Dx.Exchange Launching Cryptocurrency Trading Platform With Tokenized Stocks: Joe Liebkind
Dx.exchange is launching a new cryptocurrency platform that tokenizes the stock market. The Estonia-based fintech company is the first non-CFD crypto exchange to offer stock trading that are tokenized on the blockchain. Publicly listed companies like Google, …
Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes: Jimmy Aki
Arthur Hayes, CEO of crypto exchange platform BitMEX, recently said that Bitcoin is society’s best hope for a private form of money. The Seychelles-based BitMEX has risen to become one of the larger crypto trading and exchange platforms in the world. Its CEO,…
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