Tag Archives: News

Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it "a very high-risk situation." | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN.Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by blockchain technology — first made famous by Bitcoin (BTC) — while calling it "a very high-risk situation."Mark Mobius:...

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: ShutterstockOver the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness.A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the...

Bitcoin ticker symbol "BTC" saw a sudden spike in interest on Google, but could the search engine results be manipulated? And why? | Source: ShutterstockInterest for "BTC" has exploded to a new record on Google Trends as search results for bitcoin's ticker symbol skyrocket.The phenomenon started around August 30, when "BTC" searches suddenly went parabolic. As shown below, the search term is currently conferring a value of "100," denoting that it has reached peak popularity, based on partial...

The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN.The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover from the devastation wrought by the storm: Bitcoin.Coinbase & Bitpay facilitate Bitcoin donations for Hurricane Dorian recoveryThis has become possible after Lend a Hand...

In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $9000. | Source: ShutterstockThe bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high, the price is arguably stronger and more resilient than ever as it consolidates around $10,000.The bitcoin price has held above $9,000 for 81 days, longer than the epic bitcoin 'bubble' of...

The European Union's AntiTrust Chief is scrutinizing Facebook's much-publicized crypto, Libra. | Source: ShutterstockEU regulators are investigating if the Facebook Libra "cryptocurrency" poses a threat to competition by being a potential monopoly.Margrethe Vestager is the outgoing antitrust chief of the European Union. She's gravely concerned that Libra could violate antitrust laws.EU: Facebook Libra must not stifle competitionTo address this, Vestager says European regulators are examining...

Burundi's central bank has enforced an outright ban on crypto trading. | Source: ShutterstockBurundi’s Central Bank has completely banned crypto trading in the country, specifically mentioning bitcoin, ethereum and a handful of other cryptocurrencies.The East African nation is also warning that “strong measures could be taken” against traders who flout the ban, in a statement to Bloomberg.  The Central Bank of Burundi admitted in a statement that it couldn’t offer protections for crypto...

Samsung's flagship Note 10 is getting a special crypto edition in South Korea. | Source: REUTERS/Toby MelvilleSamsung launched the KlaytnPhone in South Korea on Thursday, a spinoff of the Galaxy Note 10 equipped with blockchain apps and a cryptocurrency wallet.It furthers Samsung’s position as the most crypto-friendly smartphone maker, putting it lightyears ahead of rival Apple. Thus far, the company has added blockchain support in a variety of models, integrated cryptocurrency payments into...

Crypto startups Coinbase and Ripple have dropped from top-10 positions to No. 28 and No. 29, respectively, on LinkedIn's 2019 top 50 startups list. | Source: Shutterstock; Edited by CCNDespite being a relatively new sector, the blockchain and cryptocurrency space can this year boast of having two crypto startups, Coinbase and Ripple, in the LinkedIn’s 50 hottest U.S. startups of 2019 to work for. In the professional social network’s third annual Top Startups ranking, blockchain payment...

BitMEX accuses Binance of plagiarism, but it's not long before the two bitcoin exchange giants kiss and make up on Crypto Twitter. | Source: Reuters (i), Distributed/YouTube (ii). Image Edited by CCN.Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in its recently-launched crypto derivatives testnet.On Wednesday, the BitMEX Twitter account ribbed Binance over its testnet launch,...