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Is Bitcoin Still Over Valued Despite a 50% Correction?

Bitcoin has turned bearish again this week following an 18% climb the previous week. Market sentiment is generally negative and analysts are eyeing further losses and a return to the $6k level. Is BTC still that overvalued? According to Metcalfe’s Laws BTC is Overvalued Bitcoin took another turn south during early Asian trading today when it fell almost 3% in just over an hour. дальше »

2019-12-4 12:00


$8,000 Cancelled? Bitcoin’s Next Target is $6,300 Following the Worst Month of 2019

Last month, Bitcoin recorded the highest losses of more than 20% despite seeing gains towards the end of the month. Bitcoin started the year on a red note as January was a red month for the world’s leading cryptocurrency but only with a small percentage of loss that was followed by five consecutive months of […] дальше »

2019-12-2 00:11


Resilient Dow Clings to 27,000 Despite Trump’s ‘Locked & Loaded’ Threat

The Dow might not extend its eight-session winning streak into the new week, but the stock market bellwether is proving its resilience following a historic disruption to the global oil industry. Dow Risks Snapping 8-Day Winning Streak Wall Street’s major indices all incurred losses at the opening bell, but the market’s pullback wasn’t nearly as […] The post Resilient Dow Clings to 27,000 Despite Trump’s ‘Locked & Loaded’ Threat appeared first on CCN.com дальше »

2019-9-17 16:37


Despite Deep Retracements, Bitcoin Recorded Higher Monthly Lows Each Time in 2019

After making a bullish start of September, the Bitcoin price remains above $10,000. Currently, BTC/USD is trading at $10,424 with 24 hours loss of 2.30%, down from $10,770 hit yesterday. This has the top 30 coins turning red as well, with Binance Coin in the lead by 4.13 percent losses followed by Monero (3.82%) and […] дальше »

2019-9-4 19:42


Despite Stock Market Swings, 'Silly' Recession Talk Overblown: Economist

By CCN Markets: Investors are getting a bit of a reprieve today as the stock market recaptures some of yesterday's massive losses in what was a brutal day on Wall Street. The trade deal appears to be the impetus for the market, and the tug-of-war between President Trump and President Jinping seems far from over, […] The post Despite Stock Market Swings, 'Silly' Recession Talk Overblown: Economist appeared first on CCN Markets дальше »

2019-8-16 21:30


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$1.2 Billion Lost to Cryptocurrency Thefts and Scams in Q1 2019

According to a report released by CipherTrace on May 1, 2019, the losses related to cryptocurrency thefts and frauds have climbed over $1. 2 billion in the first quarter of the year. Losses Are Estimated to Be Much Higher Despite the crypto and blockchain industry decelerating as compared to 2018, the scams and thefts haven’t stalled. дальше »

2019-5-1 21:00


Bitfinex-Tether episode hardly affects stablecoin; continues to be pegged with cryptos despite systematic risk

The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million. дальше »

2019-5-1 19:30


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »

2019-4-27 01:30