HashFish: The App That Lets You Earn Bitcoin With a Computer Again: Press Release
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Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018: David Hundeyin
The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the enter…
Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did: David Hundeyin
Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500…
Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say: Samantha Chang
Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The alleged …
Facebook May Be Slapped with ‘Record-Setting’ FTC Fine for Data Breach Scandal: Samantha Chang
The US Federal Trade Commission is considering slapping Facebook with a “record-setting” fine for its epic data-breach scandal. The social media monopoly is accused of violating user privacy by selling their personal data to third parties without their consen…
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The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded.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…