Turns out Venezuela’s Oil-Backed Petro Cryptocurrency is Real after All: Francisco Memoria
In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN rece…
Huawei Faces Criminal Charges, Officials Say This Won’t Hurt US-China Trade Talks: Tedra DeSue
The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated …
Apple’s iPhone Woes are Over, But are AAPL Shares Really out of the Woods?: Melanie Kramer
A top equities analyst, drawing on his knowledge of the company’s suppliers, predicts “limited downside risks” for Apple’s share price. He follows Morgan Stanley’s sentiment last week that the worst could now be over for the tech giant’s stock. Ming-Chi Kuo S…
Bitcoin Price Analysis: Buckle up Bulls, More Losses Lie Ahead: Yashu Gola
The bitcoin price on Monday depreciated as much as 4.74 percent against the US dollar after breaking out of its two-week long consolidation period. At 20:00 UTC on Coinbase, BTC/USD was trading at $3,415, down 3.31 percent from today’s opening rate. The pair …
SEC Wins Mammoth $1 Billion Judgment Against Woodbridge Group Ponzi Scheme: Wes Messamore
The U.S. Securities and Exchange Commission (SEC) announced Monday that a federal court in Florida had ordered Woodbridge Group of Companies LLC to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. Penal…
Crypto Bloodbath Vaults Tether to 4th in Market Cap Rankings: P. H. Madore
With a roughly 10% increase to its market capitalization, Tether (USDT) has shifted to the fourth slot in the crypto market cap rankings. The repositioning can be attributed more to the downfall of other cryptocurrencies than it can to increased demand for Te…
Op-Ed: If Trump’s Trade War Saved the Steel Industry, Then the Free Market Lost: Wes Messamore
President Donald Trump took a victory lap on Twitter on Monday for his controversial trade war against China, claiming that steel tariffs have “totally revived” and “saved” the steel industry in the United States: Tariffs on the “dumping” of Steel in the Unit…
Why a Sub-$3,000 Drop Will Mean Bitcoin Has Entered ‘Nuclear Winter’: Joseph Young
Vinny Lingham, a general partner at crypto fund Multicoin Capital and the CEO at Civic, has said that if the Bitcoin price drops below $3,000, it will face serious problems. In an event in which the Bitcoin price plunges to the $2,000 region — breaking a majo…
BitStarz Named Players’ Choice Casino at AskGamblers Awards!: Sponsored
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Monday, January 21st, 2019 – The players have spoken and once again it’s BitStarz Casi…
Saudi Arabia Hedges Majority of 4.9% Stake in Tesla as Wall Street Expects Musk to Forecast a Q1 2019 Loss: P. H. Madore
Saudi Arabia has reportedly slashed its exposure to Tesla. Part of the SEC’s complaint against Tesla and Elon Musk last year was related to Musk’s claims that Saudi Arabia was backing him in taking the company private. The SEC fined Tesla and Musk separately …
100% Completed: The BitTorrent ICO is a 15-Minute Sellout: P. H. Madore
BitTorrent, acquired by Tron last year, completed an ICO today beginning at 3:00 PM UTC using Binance Launchpad. Two simultaneous sales were run for Binance Coin and Tron. Neither market lasted longer than 15 minutes, according to Binance. More BTT was availa…
‘Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee: Josiah Wilmoth
The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $25,000 by the end of 2018 and must now reckon with…
Caterpillar’s China Warning Sends Dow Tumbling 310 Points: Sam Bourgi
The U.S. stock market is in firm retreat Monday morning after Dow blue-chip Caterpillar Inc. (CAT) warned of no sales growth in China. Dow Jones Pivots Lower All of Wall Street’s major indexes registered sharp losses through the morning, mirroring a volatile …
Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault: Tedra DeSue
Nvidia investors got a nasty surprise this morning when the chipmaker announced its Q4 fiscal 2019 earnings could come in $500 million short of original estimates. While Nvidia has repeatedly blamed its financial woes on a decline in cryptocurrency mining-rel…
Trickle Sideways? Trump’s Business-Friendly $1.5 Trillion Tax Overhaul Incentivized Corporations Into Changing Nearly Nothing: David Hundeyin
One year after one of the biggest tax overhauls in American history, a survey released on Monday has revealed that the tax cut has not brought about the anticipated huge changes to the investments and employment plans of businesses across the United States. I…
Bitcoin Investors Are Abandoning Crypto for Gold during the Bear Market: Vaneck CEO: Samantha Chang
Bitcoin investors are abandoning crypto in favor of traditional commodities like gold amid the prolonged market slump. That’s the observation of Jan Van Eck, the CEO of investment management firm VanEck Associates. Van Eck says this is a reversal of the trend…
Dow Futures, Bitcoin Price Dive as Bears Butcher Markets: Josiah Wilmoth
The weekly US stock market trading session hasn’t even officially opened yet, but the bears are already holding the bulls’ feet to the fire in both the traditional and cryptocurrency markets, with Dow futures flashing a triple-digit decline and the bitcoin pr…
Korea’s Biggest Crypto Exchanges Have an Internal-Hotline to Check Suspicious Trading Activity: Yashu Gola
South Korea’s top cryptocurrency exchanges, even as competitors, have launched a joint initiative to strengthen their anti-money laundering efforts. According to a joint press release, Bithumb, Upbit, Corbit, and Coinone announced that they have established a…
Trump Wants His Ball and His Wall – Warns Another Government Shutdown ‘Certainly an Option’: Christina Comben
As U.S. federal workers set their alarms last night for the first time in over five weeks since the government shutdown, Trump already dampened their spirits. They may be going back to work today, but once the three-week government funding lapse passes, all b…
Bitcoin Cash Slips 11% as Crypto Market Starts Week with $6 Billion Loss: Yashu Gola
The light at the end of the tunnel could be a train. The saying fits Bitcoin Cash ABC whose market capitalization established a weekly high at $2.36 billion on January 24. But, at the start of this week, the cryptocurrency’s cap fell to as low as $1.94 billio…
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