Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?: Joseph Young
In the past two months, several traders who shorted Bitcoin from its all-time high at $20,000 have started to cash out in the $3,000 to $4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a yea…
A Bitcoin ETF is ‘Virtually Certain’, Only Matter of time for SEC Approval: Wall Street Advisor: Greg Thomson
The prospect of a Bitcoin ETF is ‘virtually certain’ according to finance manager Ric Edelman, who is confident that either VanEck or Bitwise will satisfy the demands of the SEC. The founder of Edelman Financial Engines told CNBC’s Bob Pisani on Monday’s ETF …
These Bitcoin Analysts Explain Why the Crypto Market isn’t Out of the Woods: Josiah Wilmoth
Listen, noob. A $200 price retracing is far from the end of a bear market for Bitcoin. Comparing historical charts, there are times in recent memory where we’d call that “stability.” In a recent newsletter by eToro’s Mati Greenspan, the veteran analyst points…
Why Uber’s Largest Investor Just Plowed Almost $1 Billion into Autonomous Vehicle Startup Nuro: Josiah Wilmoth
SoftBank has a lot of faith in a startup called Nuro that wants to use autonomous vehicles to disrupt the grocery delivery space. Nuro just banked almost $1 billion from the multinational holding conglomerate to make that happen. Major Uber Shareholder Throws…
Venezuela’s Socialist Establishment Bares its Ugly Fangs with Parasitic Crypto Tax: David Hundeyin
After years of hiding behind the fig leaf of socialism and revolutionary anti-imperialist rhetoric, the embattled Venezuelan government of Nicolas Maduro has shown its true colours with a new 15 percent tax on cryptocurrency transactions that may be best desc…
Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?: Josiah Wilmoth
American social news aggregation site Reddit has raised $300 million in a Series D funding round at a market valuation of $3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $150 million into the socia…
Could Tesla CEO Elon Musk be Next in Line for Bitcoin’s Lightning Torch?: P. H. Madore
From Twitter founder Jack Dorsey to crypto billionaires, the Lightning Network torch is still a thing on social media. It most recently found its way into the hands of Binance CEO Changpeng Zhao. Zhao, like many in the Bitcoin community, would like to see Tes…
$370 Billion Asset Manger Janus Says US Stock Market is Careening Toward Recession: Joseph Young
According to George Maris, the co-head of equities of Americas at Janus Henderson, an asset manager with $370 billion in AUM, a recession in the U.S. clearly remains a near-term risk, which could fully reverse the bullish trend of the U.S. stock market. “It’s…
Why This Technical Analyst Says the Bitcoin Price Rally isn’t Over Yet: Yashu Gola
The bitcoin price on Monday showed no significant movements after posting an impressive rally early Friday. That doesn’t mean the flagship cryptocurrency’s rally is over, however. As of the time of writing, the bitcoin-to-dollar exchange rate (BTC/USD) was tr…
TD Ameritrade Says US Stock Market Stability is Luring Investors, But Here’s Why the Dow Might Not Bounce Back: Joseph Young
Throughout the past two weeks, analysts have generally attributed the recovery of Dow Jones to technical factors, expressing skepticism toward the sustainability of the U.S. stock market rally. This week, Shawn Cruz, a trader strategy manager at $30 billion b…
Why Snap Stock Soared an Unbelievable 30% in Just 5 Days: P. H. Madore
Snap stock has jumped 30% over the past week, from under $7 to over $9. Here in cryptoland, everybody’s mind is on big Bitcoin and the other top cryptos. However, if you pulled your money out of something like XRP five days ago and put it into Snapchat, you’d…
Twitter’s Jack Dorsey Explains Why He Believes No Cryptocurrency Will Ever Beat Bitcoin: Greg Thomson
Twitter CEO Jack Dorsey continued his love-letter to Bitcoin on a recent episode of the Stephan Livera podcast, where he proclaimed that while there may be interesting ideas emerging from other coins in the crypto space, they can all eventually be integrated …
Way to the Moon: MyEtherWallet Reinvents Its Platform with Changelly Onboard: 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…
Dow Erases Big Gains as Clock Ticks on Government Shutdown, US-China Trade Negotiations: Sam Bourgi
The U.S. stock market traded mixed-to-lower on Monday, as the Dow and other major indexes gave back gains amid high-stakes trade negotiations between the United States and China. DOW SWINGS LOWER The Dow Jones Industrial Average opened 136 points higher on Mo…
Bitcoin Trading in Venezuela Just Hit an All-Time High Despite a 40% Price Premium: Joseph Young
According to the data provided by LocalBitcoins, a peer-to-peer cryptocurrency trading platform, the weekly volume of Bitcoin in Venezuela achieved a new all-time high. Measured in Bitcoin, the weekly volume of the BTC-to-Venezuelan bolivar (VES) pair increas…
A Bitcoin Bashing Nobel Economist Expects a Global Recession; Will Crypto Prove Him Wrong?: Mark Emem
Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC. Per Krugman, the recession could occur towards the end of this year or in 2020: I think that t…
Fasttoken Publishes State Channels Codes: 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…
Want to Avoid Taxes for Life? Have 4 Children, Says Hungary’s Anti-Immigration PM: Christina Comben
Having kids is hardly a walk in the park. Oftentimes it feels as if the only incentive in the incessant additional child caring workload is the occasional smile, cuddle, or unexpected kiss. Well, not in Hungary. Outspoken anti-immigration Prime Minister Vikto…
Dow Jumps 100 Points as Trump White House Whipsaws on Trade War: Josiah Wilmoth
The Dow rallied more than 100 points on Monday after the Trump White House whipsawed on the ongoing US-China trade war, providing the US stock market with a jolt of optimism that the two countries would arrive at a deal within the near future. Bitcoin, meanwh…
Crypto Mom Admits the U.S. SEC is ‘Impulsive in Running Away’ from Bitcoin: Christina Comben
In a recent speech at the University of Missouri School of Law, U.S. Commissioner Hester Peirce (‘Crypto Mom’) admitted the SEC has a tendency to flee from anything to do with digital currencies. We rightfully fault investors for jumping blindly at anything l…