news on cyptos
Bitcoin price is having a volatile week. | Source: ShutterstockBy CCN Markets: Since August 15, in less than five days, the bitcoin price (BTC) has increased from $9,500 to $10,700 by well over 12 percent against the U.S. dollar.The bitcoin price has demonstrated a short term reversal after dipping to as low as $9,500 last…
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Mark Mobius, founding partner of Mobius Capital Partners claims bitcoin’s emergence will further drive investors to gold. | Source: REUTERS/Francis MascarenhasBy CCN Markets: Mark Mobius, the legendary emerging-markets investor and founder of Mobius Capital Partners, referred to bitcoin as a “psycho-currency” on Tuesday in an interview with Bloomberg.He claimed the rise of “faith-based” cyber-currencies would…
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Google’s gaming foray with ‘Stadia’ continues to attract plenty of skepticism in the gaming industry. | Source: Justin Sullivan/Getty Images/AFPBy CCN Markets: Google revealed the Stadia, its mysterious gaming console/service earlier this year. Today, five months later, Google hosted a new Stadia ‘connect’ event at Gamescom to reveal further details. Despite not many details emerging,…
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Xbox is making big announcements ahead of the next console war. | Source: YouTube/XboxBy CCN Markets: The Inside Xbox team takes to the stage at Gamescom 2019 to make several major announcements. Gamescom, which takes place annually in Germany, is one of the biggest games industry events and has given Microsoft and Xbox a huge…
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The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCNBy CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether.On Monday,…
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Bitcoin is not a hedge for anything because its volatility actually adds risk to every single scenario a portfolio manager can create. | Source: ShutterstockBy CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls.Today I’m going to debunk the claim that bitcoin is a hedge against…
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Almost 200 CEOs have signed a statement to redefine a corporation’s purpose. Is it just PR, or are they undermining their fiduciary duty? | Source: ShutterstockBy CCN Markets: A group of 181 CEOs of publicly held companies trading in the stock market has proclaimed their intent to put the wealth-destroying values of anti-capitalists ahead of…
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S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers. | Source: ShutterstockBy CCN Markets: The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder, which…
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In part two of his ‘Satoshi reveal’, self-proclaimed Bitcoin creator Bilal Khalid unveils where all his bitcoins are and much, much more. | Source: (i) Satoshinrh.com (ii) Shutterstock; Edited by CCNBy CCN Markets: The second part of the Satoshi reveal by the (new) self-proclaimed inventor of Bitcoin proved to be even more outrageous than the first.In…
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The @Bitcoin Twitter handle appeared to switch allegiances when it deleted old pro-BCH posts, and redirected the Bitcoin whitepaper. But why? | Source: ShutterstockBy CCN Markets: The long-running conflict between Bitcoin (BTC) and Bitcoin Cash (BCH) supporters took another turn on Monday. The @Bitcoin Twitter handle, which previously showed support for the BCH community, appeared…
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