Tag Archives: Capital & Crypto

By CCN.com: Bitcoin raged back into a bull market in 2019, leaving the rest of the cryptocurrency market in the dust.  While bitcoin is up 178 percent this year alone, Ripple (XRP) and Stellar (XLM), are down more than 15 percent. Despite desperate hopes of an ‘altseason’ surge, most altcoins remain stagnant while bitcoin’s dominance has gone from strength to strength, currently sitting at 71 percent according to Messari. One chart, created by on-chain analyst Willy Woo, perfectly...

By CCN.com: As if Facebook didn’t have enough privacy issues, the company now confirms that it has been transcribing the audio chats of its users for quite some time. Facebook Claims It Wasn’t Being Sneaky Facebook claims that the only conversations that were transcribed were from those users who selected that option in the Messenger app. Facebook also claims that it was on for the sole purpose of making sure the transcription application was performing properly. Needless to say, it is...

By CCN.com: The privacy-focused cryptocurrency Zcash has fallen by nearly 15 percent this week as Bitcoin’s dominance approaches 70 percent. According to CoinMarketCap, Zcash was trading at slightly over $66 seven days ago but is now just under $56, a decline of approximately 15 percent that forced its market cap below $400 million. Zcash has declined by nearly 15% in the last seven days | Source: TradingViewAmong the leading 30 altcoins by market cap, Zcash’s decline is only eclipsed by...

The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors. Bitcoin Price Careens Below $11,000 Bitcoin had entered the day trading sideways in the low $11,000s, where it had more or less languished since the Saturday sell-off that followed BTC’s brief foray above $12,000 last week. The dam broke around 10 am ET, and the bitcoin price...

A complete set of first edition Pokemon cards from 1999 just sold at auction for $107,010.  Among the set, as any avid Pokemon fan from the ‘90s will remember, is a shiny Charizard – the most coveted card. At this valuation, the first-edition Charizard alone is worth $20,000, more than a bitcoin. This complete set of first-edition Pokémon cards sold at auction for more than $107,000. ? @GoldinAuctions pic.twitter.com/uAgxkRwq1H — Bloomberg Quicktake (@Quicktake) August 12, 2019...

Crypto hedge fund executive, Murad Mahmudov this morning added his voice to the growing song of experts calling for $100k a bitcoin. The CIO of Adaptive Capital weighed in on the technical debate observing that the current choppy price action is most likely just a “steady accumulation” phase. At first glance this looks like a weak chop for the next week or so, but my intuition tells me there is steady accumulation happening at these levels. Don't try to outsmart yourself on short...

Crisis in Argentina grips the headlines today. The Argentine peso (ARS) collapsed 30 percent in a matter of minutes yesterday while the stock market caved 48 percent before recovering. Bitcoiners quickly jumped on the narrative to promote the world’s dominant cryptocurrency. Many claimed that bitcoin was “surging” in Argentina while others encouraged locals to “find safety” in bitcoin. Bitcoin is surging in Argentina, trading at ~$12,300 on @buenbit, a premium versus ~$11,400 on...

Earlier this year, Kevin O’Leary said that Bitcoin is “useless,” just the latest in a series of attacks launched at the suddenly-resurgent cryptocurrency. At one point, the “Shark Tank”  investor said that Bitcoin has no real value because governments won’t let him pay taxes with it. Now, people on social media have surfaced a six-year-old video of O’Leary defending Bitcoin on Canadian news channel CBC. Kevin O’Leary in 2013: Bitcoin Is “Here To Stay” Whether or not a currency is...

Early on Monday, CCN.com brought to light the misadventures of an insidious scammer pretending to be none other than the Bitcoin renegade himself, John McAfee. McAfee: Twitter Never Even Responds to My Crypto Scam Reports After we tipped off McAfee and his wife, Janice, to the fraudulent article in question, John responded by sharing his frustration with an issue that continues to plague the crypto community at large: Twitter bitcoin scams. Speaking with CCN.com, McAfee said: “This...

China’s long-fabled “cryptocurrency” launch is finally on the horizon. According to Bloomberg, People’s Bank of China (PBoC) payments department deputy director Mu Changchun confirmed at the China Finance 40 Forum that the country’s cryptocurrency is nearing its release following a year of research and development. Given Beijing’s history of antagonism toward decentralized cryptocurrencies, what does the impending launch of a PBoC-approved digital currency mean for bitcoin? China’s...