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Watching the Pennies Excessively? Pound Falls from Two-Month High as UK Retail Sales Disappoint

The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded.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… Continue Reading →

Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

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… Continue Reading →

Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker

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… Continue Reading →

Clever Play? PayPal CEO Offers Help to Workers Hurt by US Government Shutdown

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… Continue Reading →

Ethereum Hard Fork Rescheduled: Here’s When Constantinople Will Finally Launch

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… Continue Reading →

‘Wile E. Coyote’ Stock Market Could Run Off a Cliff: BMO Analyst

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 strategist Joseph… Continue Reading →

BitMEX Launches a Segwit and Bigger Bitcoin Blocks Prediction Market

[…] The post BitMEX Launches a Segwit and Bigger Bitcoin Blocks Prediction Market appeared first on CryptoCoinsNews.

Why the Bitcoin Price Could Fall to $2,400 & Entice Wall Street to Buy the Dip

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 decline is likely but… Continue Reading →

The Guardian Publishes Libelous Op-Ed, Falsely Claims Bitcoin’s Killing the Planet

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… Continue Reading →

U.S. Congressman Reintroduces Bill to Give ‘Safe Harbor’ to Cryptocurrency Firms

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 2018 alongside two other… Continue Reading →

Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit

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… Continue Reading →

Dow Jones Rallies 130 Points After a Boost from US-China Optimism

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… Continue Reading →

How $400 Billion Tencent Might Soon Acquire Two Major Bitcoin Exchanges

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 &… Continue Reading →

How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear

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… Continue Reading →

Coingate Integrates Lightning Network on Litecoin to Boost Crypto Payments

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 Network, which has over 100… Continue Reading →

Dow Pounds Higher, But ‘Apathetic’ Bitcoin Trades Sideways

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 demonstrated a lack… Continue Reading →

Apple’s Asia Suppliers Slash Sales Forecasts as US-China Trade War Bites

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 processor chips. According… Continue Reading →

WeWork CEO Profits in Millions as ‘Landlord’ from $47 Billion Startup: Report

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… Continue Reading →

Tesla Just Dealt a Devastating Blow – Elon Musk Trims 7% of Workforce to Cut Costs

Tesla delivered a catastrophic blow to its U.S. workforce this Friday. In a memo reviewed by the Wall Street Journal, CEO Elon Musk said the company will be slashing its staff by 7%. Despite announcing its first gigafactory outside of the… Continue Reading →

Crypto Market Up $6 Billion in 4 Days: Is Bitcoin King During the Bear Market?

Since January 14, subsequent to a minor correction, the crypto market has added $6 billion to its valuation as the Bitcoin price maintained stability. While many cryptocurrencies, especially low market cap tokens fell substantially earlier this week, Bitcoin remained in… Continue Reading →

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