CCN News

Ccn is a Norwegian based crypto news site aiming to provide the latest cryptocurrency news, including cryptocurrencies like Ethereum, NEO, Litecoin and ICOs.

Disclaimer: As with any form of media, some degree of journalistic license and potential bias should always be taken into account when reading news articles, and wise cryptos advises against investing based on information garnered from one source only.

CCN News Feed:

  • CCN - 20 April 2019, 10:30 pm

    By CCN: President Donald Trump’s Justice Department recently recommended that a federal appeals court strike down all of Obamacare. A petition has been filed with the U.S. Court of Appeals for the Fifth Circuit. If Trump (finally) succeeds in repealing the disastrous legislation, he owes taxpayers a $2 trillion refund. The renewed assault on Barack Obama‘s signature legislative victory represents a major change for Trump’s administration. Originally, the president repealed the mandate that required individuals who didn’t obtain health insurance to pay a tax penalty at the end of each year. He later said he’d consider keeping certain sections of The post If Trump Repeals Obamacare, He Owes US Taxpayers a $2 Trillion Refund appeared first on CCNRead More

  • CCN - 20 April 2019, 8:45 pm

    By CCN: An official announcement from the British Virgin Islands says that the island protectorate has entered a partnership with a blockchain company. The company, LifeLabs, makes a wallet and has a token called LIFE on the Ethereum blockchain. The wallet supports Ethereum, Bitcoin, and the firm’s own crypto tokens. In Case of Emergency: Use Blockchain The partnership mainly regards the facilitation of emergency funding for the British Virgin Islands as well as payments between islands. Andrew A. Fahie, Premier and Minister of Finance for the British Virgin Islands, says: “It is of utmost importance that our citizens receive immediate The post British Virgin Islands Bolsters Emergency Plan with Crypto Wallet appeared first on CCNRead More

  • CCN - 20 April 2019, 8:19 pm

    Based in Kazakhstan, the Facite foundation published its first dividend-income type cryptocurrency Facite coin (FIT) in order to obtain substantial revenue to help expand its business domain. Facite foundation is working on a government policy project in which they took over INNOB Co. Ltd; a company that signed an official contract with Shymkent city since September 2018 to supply the city’s electronic transportation card. With investments totaling up to 13 billion KRW, the company is expected to earn accumulated revenue of 85 billion KRW within 10 years of its operation. The Facite coin will match its compatibility with AFC/BMS type The post The Facite Foundation Is Taking New Steps beyond Central Asia, Towards the World appeared first on CCNRead More

  • CCN - 20 April 2019, 7:00 pm

    By CCN: Former CIA analyst John Gentry published a scathing attack on the alleged anti-Trump deep state, claiming American intelligence institutions have been overrun by Democrats – many of whom were handpicked by Barack Obama. Gentry suggests that traditional safeguards to stop political weaponization of the intelligence community were bypassed by Obama during his first term. It’s illegal to ask job applicants their political affiliation when joining U.S intelligence agencies, but Gentry says Obama got around this obstacle by hiring from liberal-leaning demographic groups. Now over 10 years later, the fruits of Obama’s labor can be seen in the swathe The post Ex-CIA Agent: Obama Bent Hiring Rules to Build Anti-Trump Deep State appeared first on CCNRead More

  • CCN - 20 April 2019, 7:00 pm

    By CCN: The developers of the Sirin Labs Finney have created for themselves a monumental task. Not only do they desire to break into the fiercely-competitive smartphone market, but they also aim to spearhead cryptocurrency’s transformation from a niche curiosity into a mainstream financial instrument. After raising nearly $150 million for its Israeli creator during the initial coin offering (ICO) boom of 2017, does the Finney achieve this lofty goal? Perhaps more pertinently, does it have any chance of competing with the unexpectedly crypto-friendly Samsung Galaxy S10? Read on to find out. Cold Storage Cryptocurrency Wallet When Sirin Labs debuted The post Sirin Labs Finney Review: Does This Crypto Smartphone Stand a Chance Against the Samsung Galaxy S10? appeared first on CCNRead More

  • CCN - 20 April 2019, 5:30 pm

    By CCN: According to a new survey conducted by a gold investment research firm, most retirees in the U.S. are aware of bitcoin and cryptocurrencies but are not interested in investing in the asset class. More than 56 percent of respondents said that they are aware of the existence of bitcoin but have not considered investing in it, and 32.9 percent have said that they are not aware of the asset class. Based on the official data provided by the U.S. government, there are approximately 47.8 million retirees in the U.S. and it remains a large market for various asset The post Here’s What Will Trigger the Next Mammoth Bitcoin Rally appeared first on CCNRead More

  • CCN - 20 April 2019, 4:00 pm

    By CCN: Following a banner quarter, one Wall Street analyst says that the US stock market is teetering on the brink of a cooling-off period. Luckily, prescient investors stand to reap a major windfall when it’s time to buy the dip. Robert Sluymer: S&P 500 Will Erase a Month of Gains As of Thursday’s close, Wall Street’s three major indices had all climbed by double-digits since the trading year began. The tech-heavy Nasdaq surged 20 percent. The S&P 500 rallied 15.7 percent. Even the Dow Jones Industrial Average, which is disproportionately impacted by the US-China trade war, climbed 13.8 percent. The post Stock Market Flips Bearish: Analyst Reveals How to Buy the S&P 500 Dip appeared first on CCNRead More

  • CCN - 20 April 2019, 3:13 pm

    More than 56% of American retirees over the age of 50 know what bitcoin is but refuse to invest in it. Meanwhile, less than 3% of this group own bitcoin already. These are the sobering findings uncovered by Gold IRA Guide, a magazine about precious-metal investing. 1 in 3 Retirees Have No Idea What Bitcoin Is Earlier this month, Gold IRA Guide surveyed 1,000 American retirees over age 50 to learn their thoughts about bitcoin. The results are discouraging if you’re a crypto fan because it shows that retirees remain skeptical of crypto and have not bought into the hype The post Over Half of U.S. Retirees are Crypto-Aware but Won’t Invest in Bitcoin: Survey appeared first on CCNRead More

  • CCN - 20 April 2019, 2:21 pm

    Binance, the world’s largest cryptocurrency exchange, announced the delisting of Bitcoin SV (BSV) on Monday after CEO and founder Changpeng Zhao decided he’d had enough of the antics of Fake Satoshi, Craig S. Wright. Within hours, Kraken and Shapeshift followed suit. You’d have to travel far and wide to find anyone gullible enough to defend Craig Wright at this point, but there’s a case to be made that by delisting BSV on a whim, Binance has shown itself to be a much more dangerous and pernicious force in the crypto space than Bitcoin SV ever could have been. Binance’s CZ The post Our Binance Overlord’s Bitcoin SV Slaying is Frightening for Cryptocurrency appeared first on CCNRead More

  • CCN - 20 April 2019, 12:52 pm

    By Following a shock 60 percent drop in profits by Samsung Electronics as reported by FT, woes for the South Korean technology giant continued as the Samsung Galaxy Fold, a $2,000 device released to the market this month, demonstrated serious problems in a scandal that’s been dubbed #peelgate. After one day of use… — Steve Kovach (@stevekovach) April 17, 2019 Is 2019 a Write-Off for Samsung? Not quite. Samsung Group, the biggest conglomerate in South Korea, represents some of the largest companies in virtually every imaginable sector such as insurance, car manufacturing, credit card, biologics, display manufacturing, and The post Samsung Fold Disaster Extends to 60% Q1 Profit Drop for Nightmare 2019 appeared first on CCNRead More

  • CCN - 20 April 2019, 11:25 am

    By Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside oil. 2019 Returns…Bitcoin $BTC: +39%Oil $USO: +38%Nasdaq 100 $QQQ: +22%S&P 500 $SPY: +17%Small Caps $IWM: +17%MLPs $AMLP: +16%REITs $VNQ: +15%EM $EEM: +14%EAFE $EFA: +13%Commodities $DBC: +12%High Yield $HYG: +8%Investment Grade $LQD: +6%Bonds $AGG: +2%Gold $GLD: -1% — Charlie Bilello (@charliebilello) April 19, 2019 The initial 20 percent rally from bitcoin in early April from $4,200 to $5,000 drastically changed the sentiment around the crypto market and investors generally expected bitcoin The post Bitcoin Sparks Imminent Crypto Bull Stampede with 44% Gains in 2019 appeared first on CCNRead More

  • CCN - 20 April 2019, 8:47 am

    By CCN reported deeply on a pyramid scheme involving cloud mining and a highly pumped-and-dumped cryptocurrency called B2G (“Bitcoiin2G”). It was one of the longest and deepest reports of this reporter’s life. We found that Steven Seagal promoted B2G, and the scheme was hurting enough people that the State of New Jersey officially banned the promotion of it. B2G’s first use case was as a way to avoid paying people out in Bitcoin, via the various DragonMining (and affiliated) cloud mining scams. McAfee Joins Steven Seagal in Promoting B2G As we reported, at the time of its initial usage, The post John McAfee Promotes Steven Seagal-Endorsed Crypto Scam Coin appeared first on CCNRead More

  • CCN - 20 April 2019, 12:53 am

    By CCN: Elon Musk and the SEC are talking, demonstrating progress in a regulatory battle that has been drawn out for months. While the Tesla CEO and the securities regulator have yet to reach an agreement regarding a contempt of court dispute, they could be close. Musk and regulators have requested a one-week extension from a federal judge who recently advised them to “put your reasonableness pants on” and settle the Twitter spat. Trouble in Tesla paradise began for the South African entrepreneur and CEO two months ago when Musk issued tweets that the SEC claims violated an agreement it The post Elon Musk, SEC Need More Time to ‘Put on Their Reasonableness Pants’ appeared first on CCNRead More

  • CCN - 19 April 2019, 11:59 pm

    By CCN: John McAfee continues to trumpet a bitcoin price that will hit $1 million by the end of the decade. He isn’t even afraid of betting his manhood on the same. Nonetheless, crypto bears keep coming back to spoil the party. One such doubter is UBS analyst Kevin Dennean. UBS Analyst: Bitcoin Price Faces a Long Road to Recovery According to Forbes, Dennean recently wrote: “We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to The post Bitcoin’s Path to Retake $20,000 Could Be Slow and Painful: Analyst appeared first on CCNRead More

  • CCN - 19 April 2019, 10:52 pm

    By CCN: Russian operatives did play a role in the 2016 U.S elections. The thing is it had nothing to do with the Donald Trump White House, according to the Mueller report, Rather, the report details the extent to which Russian spies infiltrated the American social media landscape — Facebook and Twitter in particular. Before Facebook identified and removed the propaganda accounts in 2017, the damage was already done. The pages had garnered close to 1 million followers and posts were viewed by anywhere between 29 million and 126 million Americans. Mueller Report: Russians Play Both Sides of Political Spectrum The post Mueller Report: U.S. Facebook Users Bamboozled by Russian Spies appeared first on CCNRead More

  • CCN - 19 April 2019, 10:25 pm

    By CCN: Bitcoin Unlimited’s Chief Scientist Peter Rizun finally made it onto the What Bitcoin Did podcast, after initially having his interview canceled amid pressure from Bitcoin Maximalists who don’t want to hear his opinions on Lightning Network. Bitcoin Unlimited Dev: Ignore Craig Wright and He’ll Go Away Rizun discussed a range of issues, primarily Lightning. He also spoke to the problem of Craig Wright, who is currently suing podcast host Peter McCormack. Rizun says the best way to deal with Craig Wright is to ignore him and he’ll go away. Continuing to discuss Wright’s exploits by publishing articles such The post Bitcoin Unlimited Chief: Ignore Craig Wright and He’ll Fade into Obscurity appeared first on CCNRead More

  • CCN - 19 April 2019, 9:58 pm

    By CCN: Sears is in a downward spiral and it’s trying to take down as many others as possible, too, including a top advisor to President Trump. The retailer, which is currently in bankruptcy protection, has filed a lawsuit against its former CEO Eddie Lampert, his hedge fund ESL Investments, Treasury Secretary Steven Mnuchin, and others. Sears filed for Chapter 11 bankruptcy protection six months ago. Mnuchin was on the Sears board of directors for more than a decade but resigned when he became Treasury Secretary. He has reportedly poured $26 million into Lampert’s hedge fund. The complaint alleges that The post Sears Shocker: Retailer Sues Top Trump Advisor for Siphoning Billions appeared first on CCNRead More

  • CCN - 19 April 2019, 9:32 pm

    By CCN: The Zoom IPO was a resounding success, as the videoconferencing giant’s stock soared 72% after its stock market debut. But investors in a different company called ZOOM Technologies raked in much more moolah in what seems like a classic case of mistaken identity. You Wish You’d Invested in the Wrong Zoom Stock A month ago, shares of  ZOOM Technologies (whose ticker is “ZOOM”) were trading at $0.005 – far less than even their “penny stock” designation. They closed at $2.70 a share on April 18, a massive jump of 53,900% as the euphoria from the Zoom IPO spilled The post Zoom IPO: Stupid Investors Made Unrelated Stock Surge 54,000% appeared first on CCNRead More

  • CCN - 19 April 2019, 8:15 pm

    By CCN: The bitcoin bear market might be over, but it hasn’t finished claiming victims. Coinnest — South Korea’s fifth-largest crypto exchange — shut down this week. Users have until April 30 to withdraw any remaining funds. The closure comes months after a series of scandals roiled the crypto platform. In a notice to users on its website, Coinnest did not explain why it was shuttering, but thanked customers for their encouragement and patronage. Bribery and $5 Million Accidental Bitcoin Airdrop As CCN reported, Coinnest has suffered a series of embarrassing, self-destructive scandals over the past year. In April 2018, The post Bitcoin Bear Market Forces Korea’s Fifth-Largest Crypto Exchange to Close appeared first on CCNRead More

  • CCN - 19 April 2019, 7:43 pm

    By CCN: The Dow Jones Industrial Average is on the verge of setting a new all-time high, and soaring fund inflows could push the stock market bellwether over the finish line. Dow Poised to Jump Above All-Time High at 26,828.39 At present, the Dow sits at 26,559.54, less than 300 points below the record 26,828.39 mark it closed at on October 3, 2018. The U.S. economy is in an ideal position to grow with the unemployment rate at a 50-year low and the financial sector recovering from last year’s struggle. According to reports, equities-focused funds are showing an appetite for The post Dow Plots Easter Monday Pump as Fund Inflows Surge to $1.9 Billion appeared first on CCNRead More

  • CCN - 19 April 2019, 6:59 pm

    By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile. Stablecoin Tether (USDT) has been an exception to this rule after it lost parity with the U.S. dollar last year amid questions about its reserves. Make no mistake, however, stablecoins, most of which are pegged 1:1 to fiat currencies such as the U.S. dollar, are a vital part of the crypto ecosystem, one that will help to unlock the institutional capital that has been trapped on the sidelines The post Sexy Stablecoins Are the ‘Bridge’ to Mainstream Crypto Adoption appeared first on CCNRead More

  • CCN - 19 April 2019, 6:40 pm

    By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen. Facebook & Telegram Could Fuel Rabid Crypto Expansion With the on-boarding of two of the largest networks in the world – Facebook and Telegram – the crypto economy is likely to grow a great deal in the coming few years. Regardless of whether these platforms are integrating Bitcoin directly, all cryptos will be in higher demand as a The post Facebook: ‘Biggest on-Ramp Ever’ for Bitcoin Adoption? appeared first on CCNRead More

  • CCN - 19 April 2019, 5:45 pm

    By CCN: Tesla stock has been taken to the cleaners this year. Elon Musk’s stand-off with the SEC, terrible Q1 delivery numbers, and an abandoned Gigafactory expansion plan have tested the mettle of even the most bullish investors. But with the electric vehicle giant scheduled to report earnings next week, one analyst warns that TSLA shares could take an even more bearish turn. Tesla Stock: Elon Musk Groupies Should Brace for Impact The electric vehicle specialist will release its first-quarter results on April 24. The company already warned investors to expect a steep decline in deliveries that would also miss Wall The post Tesla Stock Speeds Toward Brink as Analyst Warns of ‘Outright Disaster’ appeared first on CCNRead More

  • CCN - 19 April 2019, 5:35 pm

    By CCN: In what may be considered a tacit admission of guilt, Craig Wright’s attorneys have requested that “exhibit A,” an e-mail that was proven to be fake, be withdrawn from evidence in a lawsuit filed against Wright by Dave Kleiman’s estate. Wright Withdraws Purportedly Fake E-mail From Evidence After Wright submitted the e-mail, a Reddit GPG expert announced that he could prove the e-mail was fake. CCN reported this Wednesday night, and today court documents reveal that Wright has requested to strike the e-mail from evidence. His reasoning? He “cannot verify the date of the e-mail exchange.” The withdrawal The post Craig Wright Suddenly Withdraws Alleged Fake E-Mail in Kleiman Lawsuit appeared first on CCNRead More

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